Latest reports – Page 3380
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PropertyEU Archive
Top 300 deals in 2008
The final transaction volume recorded by PropertyEU for large European real estate deals in 2008 is EUR 68.13 bn. This is a revision of the preliminary estimate of about of EUR 66 bn published in our ranking of the top 300 deals in the December edition of PropertyEU Magazine.
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PropertyEU Archive
Electra RE buys into retail for EUR60m
Tel Aviv-listed investor Electra Real Estate along with other private investors has acquired a portfolio of DIY Hornbach stores for about EUR 60 mln. The properties are located in the Netherlands and Luxembourg. The acquisition adds to a portfolio of eight Hornbach assets bought by Electra last year in a ...
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PropertyEU Archive
Altera acquires Amsterdam property from Ymere
Altera Vastgoed has acquired an office building in central Amsterdam from Ymere for close to EUR 23 mln. The property 'Huys Europa' was built in 2005 and comprises over 6,000 m[sup]2[/sup] of space over five floors. The entire building is leased to Dutch retail group Ahold.
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PropertyEU Archive
Qatari Diar sells 20% of Paris conference centre for EUR 100m
Qatari Diar, the real estate investment arm of the Qatari government, said on Wednesday that it is selling a 20% stake in the Centre International de Conferences in Paris to HongKong and Shanghai Hotels (HSH) for EUR 100 mln.
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PropertyEU Archive
Sonae Sierra's Loop5 mall project is 90% leased
International shopping centre specialist Sonae Sierra and Paris-listed Fonciere Euris have announced that 90% of the 56,500 m[sup]2[/sup] of gross lettable area of their Loop5 development in the southern German town of Weiterstadt is committed. The shopping and leisure project involves an investment of EUR 265 mln and is expected ...
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PropertyEU Archive
Savills expands Spanish valuation team
Savills has recruited surveyor Fernando Fernandez de Avila for the broker's valuation department in Madrid. Fernando joins Savills from Enmarca Gestion, where he worked as project manager. He has five years experience in property at Enmarca Gestion, CB Richard Ellis and Roan.
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PropertyEU Archive
Allianz Real Estate to spend EUR 10bn
Munich-based Allianz Real Estate plans to spend at least EUR 10 bn over the next five years around the world and potentially double the size of the firm's property portfolio. President and CEO Olivier Piani said the company will focus primarily on markets outside Europe.
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PropertyEU Archive
Cofinimmo in office and nursing home transactions
Brussels-listed real estate firm Cofinimmo divested three office assets in Belgium at the end of 2008 for a total of EUR 13.85 mln. In December, Cofinimmo - a SICAFI, the Belgian equivalent of a real estate investment trust - disposed of the 99-year long-lease right on Bourdon 100 in Brussels ...
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PropertyEU Archive
RICS establishes transparency working group
The Royal Institution of Chartered Surveyors (RICS) has established a working group to examine the issue of transparency, particularly in professional fees. The working group is chaired by RICS President, Peter Goodacre, and includes RICSs and independent members.
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PropertyEU Archive
Investors positive on Germany, E&Y finds
Real estate investors are painting a comparatively positive picture of Germany as a place to invest in 2009 despite the difficult economic conditions globally and plunging property prices in several European counties, Ernst & Young Real Estate has said.
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PropertyEU Archive
Great Portland sees portfolio value plunge 12.4%
Great Portland Estates, the Central London office and retail specialist, said on Thursday that the value of its property portfolio has dropped by 12.4% since September 2008, highlighting the rapid pace of the slide of values in the UK real estate sector.
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PropertyEU Archive
Electra, Kamor buy Dutch DIY centers
Tel Aviv-listed firms Electra Real Estate and Kamor have completed their joint acquisition of two shopping centres in the Netherlands and one in Luxembourg for a total of EUR 62.2 mln, in addition to EUR 5.32 mln in costs.
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PropertyEU Archive
Irish property investor dies in suspected suicide
An Irish businessman who invested at least EUR 300 mln in real estate in the UK was found dead in his Dublin home this week. Patrick Rocca had suffered a single gunshot wound to the head and a firearm was found near his body. The authorities are satisfied that nobody ...
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PropertyEU Archive
Unite Group taps Phil White as new chairman
Unite Group, the UK developer and manager of student accommodation, has announced the appointment of Phil White as an additional non-executive director and chairman designate.
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PropertyEU Archive
UK initial yields to peak at 8% plus in late summer - JLL
Average IPD initial yields for all UK property are forecast to reach a peak of 8% plus by late summer 2009, Jones Lang LaSalle notes in its UK Capital Markets Outlook Report 2009.
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PropertyEU Archive
JV lets first Greenwich Peninsula office project
Meridian Delta, the joint venture between Lend Lease and UK property company Quintain, has announced that the Transport for London (TfL) agency has exercised an option to lease an additional two floors, comprising 5,600 m2, of the first commercial building at Greenwich Peninsula regeneration scheme in London.
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PropertyEU Archive
Land Securities carried out almost £1 bn of sales in Q4 2008
Land Securities said it will continue to focus on balance sheet management and leasing following the accelerated deterioration of the market in the last quarter of 2008.
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PropertyEU Archive
DTZ confirms board changes
Property broker DTZ announced a series of board changes on Tuesday to make way for three representatives of French shareholder Saint George Participations. Frank Piédelièvre, Pascal Derrey and François Tardan have joined the board of DTZ as non-executive directors. As a result, executive directors Robert Peto, Killian O'Higgins and David ...
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PropertyEU Archive
SCD acquires Budapest site for mixed-use project
Hungarian developer SCD Group has bought a 12.6-hectare site in Buda, the prime residential district of Budapest, for HUF 6.85 bn (EUR 25 mln). The acquisition was financed by MKB Bank, the Hungarian subsidiary of Bayerische Landesbank.
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PropertyEU Archive
Invesco buys Czech mall for EUR 50m
Global property investment manager Invesco Real Estate has acquired a shopping centre in the Czech spa town of Karlovy Vary for EUR 49.6 mln, a net yield of 7%. The acquisition from Carpathian Properties s.a r.l. was made on behalf of Invesco's Central and Eastern European Real Estate II Fund ...
