Latest reports – Page 3400
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PropertyEU Archive
Sponda sells Helsinki office property for EUR 9m
Finnish real estate company Sponda has sold an office property in Helsinki to Nordea Henkivakuutus Suomi. The debt-free price for the property is EUR 9.1 mln. The office property, with a leasable area of 2,700 m2, is located at Museokatu Street 8.
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PropertyEU Archive
Kenmore sells industrial asset for EUR 20m
Kenmore European Industrial fund has sold the Brackeler Hellweg industrial property in Dortmund, Germany, for around EUR 20 mln. The industrial property comprising around 140,000 m[sup]2[/sup] of land and a gross lettable area of 80,000 m[sup]2[/sup] was sold in two separate transactions. Kenmore said Tedi & Co., the current anchor ...
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PropertyEU Archive
Treveria severs ties with fallen Dawnay Day
Dawnay Day Treveria, the AIM-listed investor in German retail property, has severed its links with the Dawnay Day Group which collapsed in the summer. Treveria has dropped Dawnay Day from its name and internalised the asset management by appointing Treveria Asset Management (TAM), a wholly owned subsidiary of Treveria, to ...
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PropertyEU Archive
Gazeley develops 56,000 m[sup]2[/sup] facility for Ceva Logistics
Global logistics developer Gazeley has reached an agreement with Ceva Logistics for the development and leasing of a logistics facility of 56,000 m[sup]2[/sup] in Ontigola, Southern Madrid. Gazeley said that it will look for a 100,000 m[sup]2[/sup] plot of land where it will be building the property. The first stage ...
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PropertyEU Archive
RBS sells Kaufhof logistics portfolio
The Royal Bank of Scotland (RBS) has reportedly sold a logistics portfolio to an unnamed Luxembourg firm advised by UBS. The financial details of this transaction were not disclosed. The portfolio includes some 172,000 m[sup]2[/sup] of floor space across three properties located in the German cities of Cologne, Frechen and ...
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PropertyEU Archive
AMB leases 11,700 m[sup]2[/sup] in Milan
Industrial real estate developer and owner AMB Property Corporation said on Wednesday it has leased 11,700 m[sup]2[/sup] of its Milan development to Corriere Cecchi., a major Italian distributor of food products who is using the space to manage the global logistics of an olive oil products manufacturer.
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PropertyEU Archive
Quinlan Private Golub unveils plans for Bratislava mall
Quinlan Private Golub (QPG) has unveiled plans for the 60,000-m[sup]2[/sup] South City Shopping in Bratislava, Slovakia. Construction of the shopping centre will begin in 2010, with the opening scheduled in the third quarter of 2012.
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PropertyEU Archive
CBRE sets up loan & corporate recovery service
CB Richard Ellis has established a loan and corporate recovery service to advise clients during the market downturn. Mark Creamer, head of loan and corporate recovery, EMEA, CBRE said, 'As we move into a period of change we encounter challenges not seen across Europe for nearly two decades. Declining values ...
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PropertyEU Archive
Pik Group arranges $262m in short-term debt
Pik Group, the Moscow-based developer of residential property in Russia, has tapped the liquidity fund set up to help Russian businesses for a $262 mln (EUR 174.5 mln) short-term loan.
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PropertyEU Archive
BNP Paribas takes over Aberdeen's Belgian unit
French property manager BNP Paribas Real Estate Property Management has acquired Aberdeen Property Investors Belgium, a company managing over 1 million m[sup]2[/sup] of commercial real estate across the country.
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PropertyEU Archive
German property professionals more sombre than ever - King Sturge
The deterioration of the mood in the German real estate market continues unchecked, though the downward trend slowed in November, according to King Sturge's monthly Real Estate Economy index.
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PropertyEU Archive
WDP in EUR 23m capital increase to fund acquisitions
WDP, the Euronext-listed real estate investment company, has signed an agreement in principle to acquire three logistics sites in a sale-and-leaseback transaction from global parcel delivery firm DHL.
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PropertyEU Archive
Union Investment continues to invest in Germany
Hamburg-based Union Investment Real Estate has acquired the Step 9 office building in Stuttgart-Vaihingen for its Immo-Invest: Europa institutional real estate fund, in a transaction worth some EUR 13 mln. The vendor of the property, which was completed in 2004, is CLS. Step 9 is an efficiently designed building with ...
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PropertyEU Archive
Prologis closes $106m refinancing from bank syndicate
Denver-based logistics operator Prologis said it has closed on a $106 mln financing with a syndicate of four banks, comprising Bank of America, RBOS/ABN Amro, Sumitomo Mitsui and Bank of China. The company said the financing facility will mature by end-November 2011. Banc of America Securities served as sole lead ...
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PropertyEU Archive
Banks to take 54% stake in Metrovacesa
Metrovacesa's majority shareholder, the Sanahuja family, is to give creditor banks a 54% stake in the Spanish real estate giant in a debt-for-equity deal. The Sanahujas, owner of more than 80% of Metrovacesa, said earlier on Tuesday in a regulatory filing that they were in 'advanced' talks with the banks. ...
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PropertyEU Archive
GPR 250 Europe recovers some ground in November
The GPR 250 Europe index booked a loss of -13.8% for November, continuing the downward trend in the listed property sector. However, the latest performance is better than October when the index recorded its worst monthly low ever, of -22.4%.
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PropertyEU Archive
Klepierre raises EUR 356m via capital increase
French property company Klepierre said it has successfully completed a capital increase launched at the beginning of November to refinance the acquisition of the Scandinavian shopping centre group Steen & Strom. Klepierre has raised gross proceeds of EUR 356 mln via the issue of almost 24 million new shares. Total ...
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PropertyEU Archive
Berenice fund sells assets in Rome for EUR 175m
Italian closed-end real estate investment fund Berenice has sold two office assets in Rome to Immobiliare Caltagirone, a real estate firm owned by Italian contruction tycoon Francesco G. Caltagirone. The transactoin amount comes to EUR 175 mln.
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PropertyEU Archive
Sistema-Hals gets EUR 200m credit line, restructures debt
Russian real estate company Sistema-Hals has announced that it has secured a credit facility for RUB 7 bn (EUR 197 mln) from state-controlled lender VTB and changed the terms for existing agreements with the bank. Sistema-Hals denied in mid-October that it faced any difficulty in financing its short-term debt, and ...
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PropertyEU Archive
Maxim Gasiev becomes COO at Colliers International
Maxim Gasiev has been appointed chief operating officer (COO) at Colliers International. He is responsible for managing operating activities of the company, attracting new business, providing services to key clients and overseeing major projects.
