Latest reports – Page 3337
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PropertyEU Archive
Colliers CRE plunges into the red
Colliers CRE, one of the UK's leading commercial real estate consultancy service groups, has reported a post-tax loss of £10 mln (EUR 11 mln) in 2008 compared with a profit of £7.9 mln a year before following 'profoundly difficult markets'. In its preliminary figures issued on Tuesday, the broker said ...
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PropertyEU Archive
Corio acquires Turkish mall for EUR 68m
Dutch property company Corio has acquired the Tekira shopping centre in Tekirdag, Turkey. The transaction price amounts to EUR 68 mln, reflecting a gross yield of 8.9%. The current occupancy rate of the centre, with a gross lettable area of 30,600 m2, is 94%, Corio said. The firm has managed ...
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PropertyEU Archive
Union Investment to spend EUR 138m on Emporio extension
Germany's Hochtief Construction has been awarded the development of the new Emporio district in Hamburg from its owner Union Investment. The project, which will extend the multy-storey building previously occupied by Unilever, will require an investment of EUR 138 mln. Construction work will begin in the spring 2009 with completion ...
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PropertyEU Archive
Helvetica fund yields 24.3% return in 2008
Helvetica Property real estate fund has announced that it recorded a 'very high return by international standards' of 24.3% in 2008.
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PropertyEU Archive
VTB Bank takes 20% stake in Sistema-Hals
VTB Bank has bought a 19.5% stake for 30 roubles a share in Russian property developer Sistema-Hals, the company said on Wednesday. The stake was sold by the group's major shareholder, Sistema, which previously owned a 69.4% stake in the company. VTB also received a call option to acquire a ...
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PropertyEU Archive
British Land signs major pre-lets for Ropemaker
British Land, the UK's second largest REIT, said that the Bank of Tokyo-Mitsubishi UFJ and Mitsubishi UFJ Securities International have signed a pre-letting agreement for up to 38% of its new 586,000 sq ft Ropemaker office development in the City of London, EC2. The 20-storey office building will achieve practical ...
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PropertyEU Archive
Cambridge Place takes over asset managment of EB8 fund
London-based Institutional investment manager Cambridge Place real has taken over the asset management mandate for European industrial property fund EB8 from GPT Halverton. The fund owns EUR 250 mln of warehouse and light industrial properties. The lion's share of the properties are in Germany (23), with seven located in Denmark, ...
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PropertyEU Archive
ECE takes over management of Moscow's Vremena Goda mall
German shopping centre operator ECE Projektmanagement has taken over the management of the Vremena Goda shopping centre in Moscow, Russia. The first-class shopping gallery is located on the busy Kutuzovskiy Prospekt boulevard and houses over 150 shops on approximately 30,000 m[sup]2[/sup] of leasable area.
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PropertyEU Archive
Crowne Plaza hotels open in Paris and London
InterContinental Hotels Group (IHG) has announced that Crowne Plaza hotels are opening in Paris and London this month. The 328-room Crowne Plaza Paris République, owned by Westbridge, is the fifth Crowne Plaza in France and the second in Paris. The other hotel of the chain in Paris is the Crowne ...
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PropertyEU Archive
STE boosts asset management with new appointments
Societe de la Tour Eiffel said it has strengthened its asset management unit, Awon Asset Management, with two new appointments. The company has named Odile Batsère and Nicolas Ingueneau as Asset Management and Investment Director of Awon Asset Management
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PropertyEU Archive
LaSalle IM buys retail park from British Land for £91m
LaSalle Investment Management (LaSalle) announced on Tuesday that it has completed the acquisition of Silverlink Shopping Park, on behalf of one of its pension fund clients. The Park was bought from British Land in an off-market transaction for £91 mln (EUR 101 mln). Situated east of Newcastle city centre, the ...
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PropertyEU Archive
Retail landlords to cut costs, says BPF
Some of the biggest landlord members have agreed a 10-point plan to help retailers cut costs, sealing a truce with Topshop, Next and numerous other high profile chains, the British Property Federation said on Monday.
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PropertyEU Archive
Colliers appoints new MD for Czech Republic
Colliers International has named Karel Stransky as Managing Director of its Czech office, based in Prague. Before taking this position, Stransky had been the Czech office's Director of Industrial Services for 13 years. Stransky started at Colliers International in Prague as a Senior Property Consultant in 1996.
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PropertyEU Archive
Henderson shareholders back £107m bid for New Star
Henderson shareholders have backed a £107 mln (EUR 118 mln) cash offer to acquire 85% of New Star Asset Management, the company said this week. The offer will remain open for acceptance until further notice, it added.
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PropertyEU Archive
Credit Suisse launches first green property fund in Switzerland
Credit Suisse has described its new real estate green fund as the first in Switzerland to invest in Swiss real estate projects and properties that meet sustainability and energy efficiency criteria. The CHF 300 mln (EUR 197 mln) Credit Suisse Real Estate Fund Green Property (CS REF Green Property) will ...
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PropertyEU Archive
Apsys, Fonciere Euris terminate shopping centre JV in Poland and France
French property companies Apsys and Foncière Euris have ended their 'exclusive partnership' launched in 2004 for the development of shopping centres in France and Poland . As such, the two companies will exchange their respective stakes in the different projects, in a move which will give Foncière Euris full ownership ...
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PropertyEU Archive
CFH buys Paris hotel at 20% discount
Capital France Hotel (CFH), a fund managed by Algonquin Asset Management France (AAMF), has bought the hotel Radisson Paris Boulogne in the first hotel deal so far this year in the French capital.
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PropertyEU Archive
CBRE names new head of CEE hotel unit
CB Richard Ellis has announced the promotion of Jean-Francois Laporte and Martin Thom as joint heads of department for the Hotels Consultancy team for Central and Eastern Europe. Jean-Francois Laporte who joined CBRE in 2006 has been working in the hotel industry for 10 years and was previously employed by ...
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PropertyEU Archive
CR Capital set to become third German REIT
CR Capital Real Estate is set to become the third real estate investment trust in Germany after it was granted pre-REIT status by the Federal Central Tax Office with retroactive effect from 5 January 2009. Alstria Office REIT and Fair Value obtained the REITstatus in 2007.
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PropertyEU Archive
MGPA, Concerto lease Logiffine in Valence
Private equity group MGPA and Concerto European Developer have announced the leasing of the Logiffine logistics park development in Valence, Southern France, to LPG Finance Industrie, a leader in professional technologies in treatment and aesthetic care. Recently, MGPA said it had leased the Logiffine site in Lille to Simastock of ...
