Latest reports – Page 3268
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PropertyEU Archive
Songbird acquires Commerzbank stake in Canary Wharf for EUR 125m
AIM-listed Songbird Estates is purchasing 54 million shares in Canary Wharf from Germany's Commerzbank for £112.5 mln (EUR 125 mln). The transaction increases Songbird's interest in the 650,000 m[sup]2[/sup] London office estate from 60.8% to 69.3%.
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PropertyEU Archive
Blackstone takes 50% in British Land's Broadgate estate
Private equity giant Blackstone is acquiring a 50% stake in British Land's Broadgate holdings. In return Blackstone is assuming £987 mln (EUR 1 bn) of debt on the City of London office estate and a cash payment of £77 mln (EUR 85 mln).
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PropertyEU Archive
Multi's Les Arcades Rouge to open in November
Multi Development has announced that New Yorker and Le Grand Récré have signed leases in Les Arcades Rougé, the new 20,000 m[sup]2[/sup] project to be opened in Cholet, France on 5 November.
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PropertyEU Archive
Unite seeks to raise EUR 87m for acquisitions
Unite Group, the UK student accommodation firm, has announced plans for a share issue to raise £77.8 mln (EUR 87 mln) net of expenses 'to take advantage of compelling acquisition opportunities in London'. The fundraising will involve the issue of 32.8 million shares through a firm placing and placing and ...
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PropertyEU Archive
Redevco opens Gordion Shopping Centre in Ankara
Retail property specialist Redevco opened the 50,000 m[sup]2[/sup] Gordion Shopping Centre in Ankara on Thursday. Gordion is Redevco's first completed project in Turkey, the firm's first green shopping centre and the first BREEAM-certified building in the Turkish capital.
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PropertyEU Archive
PEPR obtains amendment to EUR 900m credit facility
Prologis European Properties (PEPR) announced on Thursday that it has obtained an amendment to its EUR 900 mln senior unsecured credit facility.
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PropertyEU Archive
Axa REIM appoints new global CIO
European real estate manager Axa Real Estate Investment Managers (Axa REIM) has announced the appointment of Dennis G. Lopez as Global Chief Investment Officer. Heading up all Axa Reim Fund Management activities, Lopez will be responsible for the quality and consistency of investment services as well as the performances delivered ...
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PropertyEU Archive
Lloyd Fonds acquires Dutch office building for EUR 32m
Lloyd Fonds has acquired an office building in the Dutch city of Eindhoven for EUR 32 mln. The property was purchased in a sale-and-leaseback transaction from UVIT, one of the largest health insurance providers in the Netherlands. UVIT has a 15-year lease.
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PropertyEU Archive
Colonia wins workout mandate for Level One portfolio
A subsidiary of German real estate group Colonia has been awarded the contract to manage the commercial property portfolio amassed by the insolvent firm Level One.
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PropertyEU Archive
NCC sells land and housing contract in Finland for EUR 58m
NCC Housing in Finland has signed an agreement with Icecapital Housing Fund II for the sale of land and an accompanying housing contract for SEK 590 mln (EUR 58 mln). Apartment buildings, with a total of 330 apartments, are to be constructed on the land plots in Helsinki, Vantaa, ...
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PropertyEU Archive
Nanette to delist from AIM market
Nanette, the Central & Eastern European residential developer, announced on Thursday that a special resolution to delist the company from the AIM market in London was passed at the company's EGM on 16 September.
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PropertyEU Archive
Züblin rotates independent appraisers, sells properties in Germany
Züblin Immobilien Holding announced that its board has approved the rotation of the group's independent property appraisers.
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PropertyEU Archive
Mirax restructures $250m of debt with Alfa Bank
Russia's Mirax Group has reached agreement with Alfa Bank to restructure $250 mln (EUR 170 mln) of debt. The repayment of the loan will be postponed by up to 18 months, the bank said in a statement on Wednesday. The Russian lender is also considering providing new funding to enable ...
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PropertyEU Archive
Orco unveils debt restructuring plan
Troubled Central European property developer Orco is offering its bondholders a debt-for-equity swap as part of its restructuring plan. The company, which was granted protection from its creditors by a Paris court last March, is proposing that the creditors exchange their bonds worth EUR 411 mln for a mix of ...
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PropertyEU Archive
Black Sea launches takeover bid for Deutsche Land
Romania-based investor Black Sea Global Properties (BSGP) has launched a £40 mln (EUR 45 mln) offer to buy Deutsche Land, the London-listed German property investor. BSGP, which last week raised its stake in Deutsche Land to 32.1%, is now offering 12 pence in cash per share to buy the remaining ...
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PropertyEU Archive
Sewell appointed to board of NewRiver Capital
NewRiver Retail, the newly formed specialist commercial property investment and asset management company, has announced the appointment of Nick Sewell to the board of NewRiver Capital.
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PropertyEU Archive
Goodman plans new warehouse in Andover
Global property company Goodman and UK-based Co-operative Group have announced plans to develop a new regional distribution warehouse (RDC), which will create over 900 new jobs at Goodman’s Andover Airfield site in Hampshire.
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PropertyEU Archive
Plaza Centers buys 55,000 m[sup]2[/sup] site in Poland
CEE property firm Plaza Centers has acquired a 55,000 m[sup]2[/sup] site in Lodz, Poland for the development of a new 45,000 m[sup]2[/sup] shopping and entertainment centre. This is Plaza's second acquisition in Lodz and the firm's 14th project in Poland.
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PropertyEU Archive
RREEF snaps up UK mall for £60m
Germany's RREEF Spezial Invest has bought Prince Bishops shopping centre in Durham, UK from Irish investor BlackRock for £60 mln (EUR 68 mln).
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PropertyEU Archive
Rallye, Apsys refinance Ruban Blue mall
Rallye' s Fonciere Euris and the Apsys Group have reached an agreement with bank Locindus, part of the Credit Foncier Group, to refinance the Ruban Blue shopping centre in Saint Nazaire, Western France, through a financial lease with a purchase option.
