Latest reports – Page 3301
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PropertyEU Archive
Martinsa Fadesa agrees debt repayment plan
Martinsa Fadesa, the Spanish developer which entered administration last year, has announced that a majority of its creditors has agreed to a new timetable for debt repayment.
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PropertyEU Archive
Lidl expands in the Netherlands
German discount food chain Lidl has signed a leasing agreement for 8,000 m[sup]2[/sup] distribution space in the Dutch town of Surhuisterveen. The owner of the building - a private investor - was advised by Dutch market leader DTZ Zadelhoff.
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PropertyEU Archive
NAI apollo wins two asset management mandates
NAI apollo asset management in Germany has said it has be picked by Cambridge Place, a specialist global institutional investment management group, to manage the 580,000 m[sup]2[/sup] EB8 portfolio The portfolio contains 22 properties with office and storage space.
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PropertyEU Archive
Victoria Square wins Irish Architecture award
Multi Development's flagship UK shopping centre, Victoria Square in Belfast, has won the Best Retail Development award at the RIAI Irish Architecture Awards in Dublin.
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PropertyEU Archive
Kenmore sells off Paris building
Kenmore European Industrial Fund has completed the sale of the Technosite building in Herblay, northwestern Paris, to a private investor, for EUR 4.17 mln. The transaction price is 6.15% below the March 2009 valuation.
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PropertyEU Archive
Toti Group to sell Roman retail gallery for EUR 180m
Italy's Toti Group is in final talks with fund manager Sorgente SGR for the sale of the Colonna retail gallery in Rome for a price of around EUR 180-200 mln, Italian newspapers have reported. The company has reportedly emerged as the preferred bidder for the prime shopping centre in Rome ...
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PropertyEU Archive
Banks lenient on LTV breaches
Banks are not calling in loans that have simply breached their loan-to-value ratios and are instead focusing on restructuring, continued investment or equity injection as possible solutions. That is one of the key conclusions of a research report by adviser BNP Paribas Real Estate, formerly AtisReal.
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PropertyEU Archive
Fonciere des Murs sells 4 nursing homes for EUR 90m
Foncière des Regions' hospitality property arm, Foncière des Murs, has sold four nursing homes in France to Foncière Sagesse Retraite for EUR 38 mln. The assets are leased to the French nursing home operator Korian.
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PropertyEU Archive
Unicredit sells EUR 640m worth of property to Fimit fund
Italian bank Unicredit has sold EUR 640 mln worth of property to a new real estate fund managed by Fimit, Italian financial newspaper Il Sole 24 Ore reported this week. The company plans to transfer around 180 office buildings with a value of EUR 640 mln to the fund in ...
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PropertyEU Archive
MGPA sells Munich City Tower to Freo Fund
MGPA has announced that its Global Fund 1 investment vehicle has sold the Munich City Tower to Freo Germany II Partners (SCA), a private equity fund which is ran by the Luxembourg-based Freo Group.
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PropertyEU Archive
Unicredit, Yapi Kredi provide EUR 101m financing for Turkish mall
Unicredit Bank Austria and Yapi Kredi have agreed to provide a EUR 101 mln construction-to-permanent financing facility for a shopping centre development project in Adana, Turkey.
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PropertyEU Archive
Affine sells office in Marseille
French SIIC Affine has sold an office building in Marseille to UFFI REAM for EUR 7.6 mln excluding fees, as part of efforts to further streamline its office property portfolio.
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PropertyEU Archive
BNP Paribas Real Estate expands in Balkans
Adviser BNP Paribas Real Estate, formerly AtisReal, has announced three new alliances in Albania, Bulgaria and Serbia with Danos & Associates, with whom BNP Paribas Real Estate has had a partnership with in Greece and Cyprus since May 2008.
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PropertyEU Archive
Grosvenor sells retail portfolio in France
UK property company Grosvenor has sold a retail portfolio in France to French fund manager Ciloger for around EUR 18 mln.
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PropertyEU Archive
DLA Piper advises on largest residential deal in Romania
The Bucharest office of DLA Piper has advised Tri Investments, a UK investment company, and Salamanca Capital, its Investment and Property Adviser, on the purchase of a major part of Perla Residence, the residential complex developed by Crown Constructions, in a deal worth approximately EUR 15.5 mln. It is ...
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PropertyEU Archive
Aberdeen acquires two properties in Copenhagen
Aberdeen Property Fund Denmark has said it is acquiring two fully let office properties in Copenhagen from The Doctors' Pension Fund on 1 July 2009. The total area of the offices will be approximately 10,000 mm[sup]2[/sup].
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PropertyEU Archive
Chagala appoints earl as non-executive director
Chagala, the London-listed Kazakh real estate developer and operator, has announced the appointment of Edmund Christopher Pery, Earl of Limerick as a non-executive director.
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PropertyEU Archive
Tishman celebrates topping out at Sofia Airport Center
Los Angeles-based Tishman International Companies and co-developer GE Real Estate have announced the topping out of Bulgaria's first Class A office building, known as Building A02, located in the Sofia Airport Center (SAC) development. SAC is situated adjacent to Sofia International Airport, approximately five kilometres east of downtown Sofia.
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PropertyEU Archive
Europa Capital buys UK shopping mall at 30% discount
UK property investor Europa Capital confirmed on Thursday it has bought the Fremlin Walk shopping centre in Maidstone for around £70 mln (EUR 82 mln) from Land Securities in a joint venture with asset manager SCOOP AM. The deal reflects a yield of between 8.5-8.75%.
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PropertyEU Archive
Restructuring drives logistics sector
Take-up in the European logistics market could contract by as much as 35% this year as distributors consolidate and optimise existing centres, according to international property advisor Savills. Meanwhile property sales may increase as manufacturers seek to reduce property costs, the adiviser said. Rents have declined 6% in prime properties ...
