Latest reports – Page 3423
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News
Grosvenor to buy a ride on the Chinese dragon
ASIA/UK – Grosvenor, the London-based group of international property investment, development and fund management businesses, has launched a $600m (€468.7m) China retail fund.
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PropertyEU Archive
Germans acquire Birmingham office from Irish banking group
Germany's largest listed property company IVG has acquired a six-storey office building in the English city of Birmingham from Bank of Ireland Private Banking for £30.5 mln (EUR 38 mln). The price reflects a net initial yield of about 6.4%.
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PropertyEU Archive
Morgan Stanley P2 Value fund to invest EUR 800m
Morgan Stanley's open-ended P2 Value fund will invest around $1 bn (EUR 804 mln) in property globally over the next 12 months, according to Walter Klug, a member of the board of Morgan Stanley Real Estate Investment GmbH, based in Frankfurt.
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PropertyEU Archive
Baltic Property to develop largest Polish waterfront project
Denmark's Baltic Property Trust has announced that it is launching the 'Young City' development in Gdansk, the biggest waterfront revitalisation project in Poland. The City of Gdansk, BPTO Infra and BPTO Gdansk Development have signed an agreement covering the construction of Young City.
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PropertyEU Archive
Three directors out as GPT Halverton focuses on stabilsation
GPT Halverton has confirmed that three of its senior directors have left the company as a result of a difference of opinion on the strategy the real estate investment fund and asset manager should pursue.
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PropertyEU Archive
Top deals Week 43 (20-24 October 2008)
The largest deal recorded by PropertyEU between 20 and 24 October was the agreement by French SIIC Compagnie La Lucette to sell five assets for EUR 155 mln.
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PropertyEU Archive
Rockspring shops in Cadiz for EUR 20m
UK investor Rockspring has acquired the Medianas Tres Caminos de Puerto Real retail park in Cádiz for some EUR 20 mln. The park has a gross retail area of 9,250 m[sup]2[/sup] and is let to retailers Media Markt, Lidl, Kiabi and Merkal. Property services firm Savills advised the buyer. The ...
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PropertyEU Archive
Vinci, Carrefour team up to build two retails parks in Seine et Marne
French property developer Vinci Immobilier is joining forces with investor Carrefour Property, the real estate arm of the French retail giant, to develop two retail parks in Nanteuil-les-Meaux and Mareuil-les-Meaux, in the Seine et Marne region of France. The investment amount was not disclosed.
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PropertyEU Archive
Lord Foster steps down from WAF jury as own project enters race
Norman Foster has stepped down from the World Architecture Festival Awards (WAF Awards) super jury because one of his own projects is in the running for the top prize.
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PropertyEU Archive
Shopping centres continue to boom in Europe - C&W
New shopping centres comprising a record 15 million m[sup]2[/sup] of retail floorspace are expected to open in Europe by the end of 2008, according to the latest European Shopping Centre Development Report from real estate adviser Cushman & Wakefield (C&W).
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PropertyEU Archive
Corpus Sireo fund shops in Gothenburg
Germany's Corpus Sireo said its Pan-European fund No. 4 has acquired a retail and office center near Gothenburg, Sweden, for an undisclosed amount. The property is located in the town of Partille, some 10 km northeast of Gothenburg, and provides 17,500 m[sup]2[/sup] of retail and office space as well as ...
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PropertyEU Archive
La Lucette sells five assets for EUR 155m
Morgan Stanley's French SIIC Compagnie La Lucette announced on Friday it has signed an agreement to sell a portfolio of three assets to an unnamed French insurance company for EUR 100 mln. The portfolio comprises two office and retail buildings with a surface of some 8,000 m[sup]2[/sup]. The properties, which ...
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PropertyEU Archive
London's American embassy goes on sale
London's American Embassy building in Grosvenor Square has been put on the market following the US Department of State's decision to acquire a new site on the South Bank of the River Thames. The building occupies the entire western end of Grosvenor Square and covers a gross area of some ...
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PropertyEU Archive
Occupier demand for logistics space remains buoyant - JLL
Occupier demand for European distribution warehousing remained buoyant during the first six months of 2008 athough investment activity was down 38% year-on-year at EUR 4.5 bn, according to Jones Lang LaSalle's latest European Logistics Report. Occupier demand in the European logistics sector in the first half saw an increase of ...
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PropertyEU Archive
Real I.S. invests EUR 67m in Amsterdam's AFM building
German investor Real I.S. has acquired an office property in Amsterdam for a total of EUR 67 mln. In a statement on Thursday, the Munich-based asset management firm said the building is earmarked for its institutional fund, BGV Bayerische Grundvermögen III SICAV FIS. The seller is Dutch private investor White ...
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PropertyEU Archive
Hines fund buys office project from Nexity
US investor Hines has acquired the Pointe Metro office project in Gennevilliers, in the northwestern suburbs of Paris, from Nexity Entreprises for an undisclosed amount. The property is earmarked for the Hines European Value Added Fund (HEVAF).
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PropertyEU Archive
RTM talks up share but trading suspended
Russian retail property developer OJSC RTM has said that its share price is not representative of the company's real value. RTM issued a short statement to emphasise this point on Friday as Russian stock exchanges halted trading due to sharp losses across the board.
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PropertyEU Archive
CdD, Eurosic complete acquisition of Terra Nova II
French state-owned bank Caisse Des Depots and listed property investment company Eurosic said on Friday that they have completed the purchase of the Terra Nova II office building in Montreuil sous Bois in a 50/50 joint venture for EUR 153 mln. The sale agreement was initially signed in July this ...
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PropertyEU Archive
Polish developer rejects claim of 'bankruptcy risk'
Warsaw-listed developer Echo Investments has challenged a suggestion it is among a large group of Polish companies at risk of being crushed by the credit crunch.
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PropertyEU Archive
First Industrial CEO resigns
Logistics developer and investor First Industrial announced on Thursday that Michael W. Brennan has stepped down with immediate effect as the company's President and Chief Executive and as a member of the company's board. First Industrial added that it has set up a committee to conduct the search for a ...
