Latest reports – Page 3304
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PropertyEU Archive
SLI sells Fortis HQ in Madrid to private investor
Standard Life Investments, on behalf of its European Property Growth Fund (EPGF), has sold Fortis' headquarters at Serrano, 73, in the Salamanca district of Madrid to a private Spanish investor. Although the transaction price was not disclosed, the asset is understood to have fetched around EUR 35 mln.
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PropertyEU Archive
Hanseatic Group pulls out of GWB capital increase
German real estate company GWB Immobilien has announced that it has been informed Hanseatic Group no longer intends to invest in GWB by taking part in a capital increase.
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PropertyEU Archive
Segro agrees all-share offer for Brixton
UK industrial REIT Segro said on Monday it had reached agreement with rival Brixton to make an all-share offer for the company subject to due diligence and final approval by the Segro board.
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PropertyEU Archive
San Jose sells 20% of Parquesol for EUR 50m
Argentinean businessman Diego Eduardo León has invested EUR 50 mln to buy a 20.25% stake in Spanish property company Parquesol.
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PropertyEU Archive
German mall operator Mfi joins fray for Karstadt stores
Management für Immobilien (Mfi), one of Germany’s leading shopping centre operators, has said it would be interested in taking over 20 of insolvent retail group Arcandor's 91 Karstadt department stores. In an interview with financial daily Handelsblatt, Mfi ceo Matthias Böning said he had identified 20 store locations which could ...
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PropertyEU Archive
Italian real estate funds set to rise to EUR 40bn
Italian real estate funds are set to increase in value from EUR 34.7 bn in 2008 to EUR 39 bn by the end of 2009, according to the latest research report by Italy's research institute Scenari Immobiliari. This represents an increase of 11% and 17% compared to 2008 and 2007 ...
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PropertyEU Archive
Beni Stabili sells office building in Bologna for EUR 40m
Italian listed property company Beni Stabili has signed a preliminary agreement to sell an asset of the Imser 60 portfolio to an undisclosed buyer. The transaction price of EUR 39 mln compares to an appraised value for the asset of EUR 38 mln at end-2009.
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PropertyEU Archive
Cap & Reg: X-Leisure fund to raise EUR 59m
Capital & Regional, the co-investing property asset manager in the UK, has said it expects the open offer of units in the X-leisure fund will be fully subscribed and will raise £50 mln (EUR 59 mln).
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PropertyEU Archive
UK dominates 2009 Solal Marketing Awards
The UK has won nine awards at the 2009 International Council of Shopping Centers (ICSC) European Solal Marketing Awards. The UK won more awards than any other country.
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PropertyEU Archive
Multi Turkmall groundbreaks Forum Kayseri
Multi Turkmall has celebrated a groundbreaking ceremony to mark the start of construction of Shopping and Lifestyle Centre Forum Kayseri in the Central Anatolia region of Turkey.
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PropertyEU Archive
Office demand up 33% in Milan - Savills
Milan has seen an increase in the amount of office space required by 33% in the first quarter of 2009, when compared to previous years, according to international property advisor Savills.
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PropertyEU Archive
Homburg focuses exclusively on income-producing properties
Toronto and Amsterdam-listed real estate group Homburg Invest has decided to focus the company's activities exclusively on income producing properties.
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PropertyEU Archive
Time to invest in UK - King Sturge
International property consultant King Sturge is advising that it is now time to invest in property in the UK, and particularly in London.
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PropertyEU Archive
CBRE ranked No1 outsourcer in commercial real estate
CB Richard Ellis Group said on Wednesday that it had been recognised as the number eight ranked provider of outsourcing services - and the highest ranking firm within the commercial real estate services sector - in the annual Global Outsourcing 100 released by the International Association of Outsourcing Professionals ...
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PropertyEU Archive
BPF Bouwinvest to develop property funds for third parties
BPF Bouwinvest, the property arm of Dutch construction industry pension fund BPF Bouw, plans to develop real estate investment funds for other pension funds and asset managers.
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PropertyEU Archive
London and Paris head new JLL/Experian retail ranking
London and Paris occupy first and second position in the 2009 European Retail Centre Rankings in terms of consumer spending have some of the highest prime rents.
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PropertyEU Archive
AIB to sell a further seven bank branches
Allied Irish Banks is stepping up its sale-and-leaseback programme to raise capital from its large real estate portfolio. The bank has instructed CB Richard Ellis to market seven 'prominent branches' in the strategic business locations around the Irish Republic.
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PropertyEU Archive
Kemper's: Spanish retailer expands into Germany
The Spanish young fashion chain store company Desigual has kicked off its expansion into Germany at Berlin's prime location Tauentzienstrasse 14. Real estate adviser Kemper's Jones Lang LaSalle said the fashion labels new flagship store is at the former location of Appelrath&Cüpper.
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PropertyEU Archive
Prologis secures EUR 250m in loans from insurance firms
Prologis, the global provider of distribution facilities, has announced that it has finalised three secured loans totalling $347 mln (almost EUR 250 mln) with two life insurance companies.
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PropertyEU Archive
Luxemburg fund acquires Bond Street Hse for EUR 50m
iii-investments has acquired a premium office and retail property in London for EUR 50 mln. The five-storey office and retail building situated in London’s Westend Mayfair district is being contributed to Luxemburg special fund iii European Property SICAV-FIS.
