Latest reports – Page 3259
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PropertyEU Archive
Barcelona showcases economic triangle at EXPO
The Catalan government and the City of Barcelona have joined forces to showcase the region’s ‘economic triangle’ at EXPO REAL for the first time. Three established growth areas based on a knowledge-based economy form the Barcelona Triangle: 22@Barcelona, Alba Park and delta Bcn.
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PropertyEU Archive
Docks Lyonnais refinances Tour Mozart
France's Les Docks Lyonnais has reached an agreement with a bank syndicate for the refinancing of part of the Mozart tower the company acquired from Bouygues Immobilier for EUR 484 mln in 2007. French newspaper Business Immo reported that a bank consortium comprising Calyon, DekaBank, Helaba, Natixis and Société ...
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PropertyEU Archive
Expo Real expects 14% decline in exhibitors
Around 1,600 exhibitors from 34 countries are expected to take part in the 12th edition of the annual Expo Real property fair, which is being held in Munich from 5 to 7 October. Messe München, the organiser of the event, bases its projections on the latest registrations.
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PropertyEU Archive
DTZ shuts down Russian office
Global property broker DTZ has pulled the plug on financial support for its subsidiary in Russia and the business is expected to close in the near future. DTZ said the closure of the Russian office was a direct result of the severe economic conditions in the Russian market and was ...
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PropertyEU Archive
DTZ sees first sign of recovery in European investment
Commercial real estate investment volumes across Europe continued their upward trend over the third quarter 2009, posting a 30% increase to EUR 13.8 bn from EUR 10.7 bn in Q2 2009 - though still remaining well below the EUR 30 bn quarterly average since the beginning of the century, global ...
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PropertyEU Archive
Arpad Torok appointed new CEO at Trigranit
Budapest-based CEE real estate developer Trigranit has named Árpád Török as its new CEO to replace Lorant Varga who is leaving the firm. At the same time Sándor Nyúl has been appointed to the position of chairman of the board.
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PropertyEU Archive
Egyptians buy Stafford hotel for £77m
UK pub group Daniel Thwaites has sold The Stafford Hotel in St James' in London for £77.5 mln (EUR 85 mln) to Britannia Hospitality, part of the RAMW Group. The seller was advised by international real estate advisor Savills.
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PropertyEU Archive
Realia closes EUR 1bn refinancing deal
Spanish property company Realia said on Friday that it has reached final agreement with its creditor banks regarding the refinancing of nearly EUR 1 bn of debt. The Madrid-based property company signed a preliminary agreement on the refinancing at the end of July.
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PropertyEU Archive
SEB ImmoInvest acquires EUR 98m office building in Amsterdam
SEB Asset Management has acquired the new headquarters for Dutch telecoms firm KPN in Amsterdam from Dutch project developer OVG Real Estate. The six-storey office building with 23,000 m[sup]2[/sup] of total rental space and 190 parking spaces has been leased to KPN for ten years with the option of an ...
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PropertyEU Archive
GPR 250 Europe Index returns 2.4% in September
European listed real estate returned 2.4% in September, building on the considerable 17.1% return recorded by the GPR 250 Europe index in August. On a country level, the losers were Sweden (-0.2%), Belgium (-0.3%), Greece (Babis Vovos I.C.; -1.6%), the UK (-3.9%) Italy (-4.5%) and Poland (GTC; -8.6%). All the ...
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PropertyEU Archive
Banimmo sells EUR 70m Mobistar HQ
Belgian property company Banimmo has announced the sale of its Sirius office building worth EUR 70 mln to the German closed-end fund Signa. This is Signa's first transaction in Brussels.
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PropertyEU Archive
Pirelli RE sells 5% of SGR to Intesa San Paolo
Italy's Pirelli RE has reached agreement with bank Intesa San Paolo to sell a stake of up to 10% in its property fund management business, Pirelli RE Società di Gestione del Risparmio (SGR). In a statement last week, Italy's largest property company said that the lender has already acquired 5% ...
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PropertyEU Archive
KanAm cancels Citydel acquisition in Moscow
KanAm's Grundinvest fund has cancelled the acquisition of the Citydel Business Center office building in Moscow. Contacted by PropertyEU, a KanAm confirmed Russian media reports saying the firm was not completing the deal.
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PropertyEU Archive
FirstService injects equity into Colliers CRE
London-listed Colliers CRE has reached agreement in principle on the terms of a proposed re-financing. The deal includes a new three-year banking facility and a substantial equity investment by FirstService Real Estate Advisors, a subsidiary of FirstService Corporation as part of a wider institutional placing.
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PropertyEU Archive
Codic Belgique in EUR 18m office sale
Codic Belgique has announced the sale of an office project in Zaventem, Belgium to a subsidiary of the Integrale insurance company for about EUR 18 mln. The 4,700-m[sup]2[/sup] property has been fully pre-let to Arval Belgium, a subsidiary of the BNP Paribas group. Arval specialises in long-term leasing and management ...
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PropertyEU Archive
Sectie5 acquires Rokkeveen shopping centre from Unibail-Rodamco
Sectie5 Investments has acquired the 8,100-m[sup]2[/sup] Rokkeveen shopping centre in the Dutch city of Zoetermeer from Unibail-Rodamco on behalf of Meerstede Vastgoed CV, a vehicle for private investors. The financial details were not disclosed.
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PropertyEU Archive
Lisette van Doorn leaves Inrev for ING Reim
The European Association for Investors in Non-listed Real Estate Vehicles (Inrev) announced on Thursday that its CEO, Lisette van Doorn, is leaving the association to join ING Real Estate Investment Management (REIM) Italy as country manager. She will also be fund manager of ING Retail Property Partnership Southern Europe. Inrev ...
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PropertyEU Archive
Grainger agrees £615m forward start facilities
Grainger has successfully signed two new forward start credit facilities totalling £615 mln (EUR 674 mln). The UK residential group said the facilities will provide extended liquidity for the group at the time when certain facilities are due to expire.
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PropertyEU Archive
TDG picks Westlog DC for new CEE base
European supply chain specialist TDG has taken office space at Industrial Securities’ Westlog DC in Biatorbagy, near Budapest. TDG will occupy the best quality offices at the distribution centre with a view to increasing its occupancy as the company takes on new contracts. The lease signing comes a month after ...
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PropertyEU Archive
Prologis forms global renewable energy group
Prologis has formed a global renewable energy group to procure new business, manage installations and provide development management services for renewable energy projects globally.
