Latest reports – Page 3322
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PropertyEU Archive
Unibail-Rodamco adopts European Company status
The shareholders of Unibail-Rodamco have approved the conversion of the legal framework of the largest listed real estate group in Continental Europe into a Societas Europaea, or European Company.
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PropertyEU Archive
F&C REIT seeks to raise up to £300m for UK fund
F&C REIT is seeking to raise £300 mln (EUR 336 mln) in commitments from institutional and high net worth investors for a proposed UK real estate opportunity fund. The Devonshire UK Opportunities Fund will invest primarily in UK commercial real estate assets that are available via distressed situations and benefit ...
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PropertyEU Archive
Aviva Investors sells UK retail park for EUR 30.6m
Aviva Investors has confirmed that it has sold the Marsh Mills retail park in Plymouth to the Universities Superannuation Scheme (USS) for £27.5 mln (EUR 30.6 mln). Aviva Investors is the global asset manager owned by Aviva, the fifth largest insurance group in the world, with about £236 bn of ...
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PropertyEU Archive
St Modwen to raise EUR 114m
UK regeneration specialist St Modwen plans to raise £102.1 mln (EUR 114 mln) to reduce debt and provide funds for acquisitions. The fund raising involves the placement of 80 million shares at 135 pence each, a discount of 38.4% to the closing price of 219.25 pence per share on 13 ...
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PropertyEU Archive
NH to raise capital and sell EUR 300m of assets
Spanish hotel group NH Hoteles has unveiled plans to sell EUR 300 mln worth of hotel properties after its loss widened in the first quarter of 2009 to EUR 39.2 mln. The properties will continue to be operated through a sale-and-leaseback agreement or a management contract. The company also said ...
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PropertyEU Archive
Arab Investments buys Berlin's Zehlendorfer Welle for EUR 70m
London-based Arab Investments has bought the Zehlendorfer Welle property in Berlin from developer OFB Projektentwicklung GmbH for some EUR 70 mln.
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PropertyEU Archive
Kungsleden, Peab team up on school project
Swedish listed property group Kungsleden is forming a joint venture with construction and civil engineering group Peab to build a senior high school in Upplands Väsby, north of Stockholm.
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PropertyEU Archive
Rental decline will drive further capital value falls: CBRE
Yield shifts have accounted for the majority of capital value declines so far in this downturn due to the re-pricing of risk, but rental declines are expected to become the main driver of capital value falls throughout 2009, according to CBRE's MarketView report on European Capital Markets for the first ...
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PropertyEU Archive
AEW Europe buys distribution warehouse in Lyon
AEW Europe said it has acquired a distribution warehouse in France for EUR 8.9 mln, representing an initial yield of 8.2%, on behalf of its core-plus fund, Curzon Capital Partners II (CCP II). The property has been purchased from EM2C, a regional developer from Lyon. The 14,756 m[sup]2[/sup] facility is ...
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PropertyEU Archive
Unilever pension fund begins selling off direct property
Unilever's pension fund Progress has kicked off the divestment of its direct property portfolio with a sale of 30 residential assets in the Dutch city of Nijmegen to a private investor. The sale included seven garage boxes and 845 m[sup]2[/sup] of office space.
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PropertyEU Archive
Acteuum signs up Playland for Ancora malls in Turkey
Developer and asset manager Acteeum has entered into a leasing agreement with Playland, the largest Turkish childrens play area and bowling hall operator, for six Ancora shopping centre projects in Turkey.
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PropertyEU Archive
German investor Harder buys 290,000 m[sup]2[/sup] Pfizer site in Karlsruhe
German property investors Harder and Partners have bought pharmaceuticals firm Pfizer's premises in Karlsruhe for an undisclosed amount as part of a sale-and-leaseback deal which includes 200,000 m[sup]2[/sup] of industrial space and 90,000 m[sup]2[/sup] of derelict land. Pfizer will lease back the buildings and distribution space for an unspecified period.
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PropertyEU Archive
AEW Europe buys in Wattrelos
AEW Europe has announced the purchase of a distribution warehouse in France for EUR 16 mln on behalf of its core-plus fund, Curzon Capital Partners II. The property has been acquired from Goodman's European Logistics Fund (GELF). The 26,735 m[sup]2[/sup] facility is situated in a strategic logistics location on the ...
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PropertyEU Archive
Warsaw, Prague 'most attractive' office locations in Europe
The office markets in Warsaw, Prague and Hamburg are now the three most attractive locations in Europe, according to the Feri Real Estate Market Rating for the first quarter of 2009.
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PropertyEU Archive
German investors expect deals to recover in 2010
Two thirds of the real estate investors polled for the Estavis Investment Barometer expect the transaction market in Germany to recover by 2010. Consultancy Estavis said 16% believe the transaction market will not revive until 2011 at the earliest. Just 2% think that the market can get back on its ...
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PropertyEU Archive
Proudreed buys 6,000 m[sup]2[/sup] of retail space
France's Proudreed has acquired a retail project in Colomiers, near Toulouse, from developer PACFA for an undisclosed amount. The property will provide some 6,000 m[sup]2[/sup] of retail space on completion later this year. The delivery of the first building consisting of a total 2,000 m[sup]2[/sup] let to Chantemur, Norauto and ...
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PropertyEU Archive
Caixa Catalunya sells 146 bank branches for EUR 183m
Spanish bank Caixa Catalunya has sold 146 bank branches and office buildings across Spain to a number of investors including family-owned investment groups. The bank will lease the assets back for a rental term of 20 years, and retains an option to buy back the assets after this period. Caixa ...
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PropertyEU Archive
Fewer Russian, Gulf and US exhibitors at Expo Real
Expo Real, Europe's largest commercial property trade fair, has confirmed the number of exhibitors from Russia, the Gulf States and the US will be down at this year's event due to the prevailing global economic crisis.
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PropertyEU Archive
Peab to build EUR 80m office for energy giant
Listed Swedish property group Fabege has commissioned construction firm Peab to build a new office complex in the Stockholm region for European energy giant Vattenfall. The contract is valued at SEK 850 mln (EUR 80 mln).
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PropertyEU Archive
Goodman details Frenchand German sales
Goodman has said it carried out two significant transactions involving its European logistics platform. The industrial property group sold a 102,020 m[sup]2[/sup] logistics development located at Bad Hersfeld, Germany to Union Investment. The development is scheduled for completion in September 2009 and pre-leased on a 10-year term to one ...
