Latest reports – Page 3425
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PropertyEU Archive
Pramerica buys two office properties from Invista
Pramerica Real Estate Investors has acquired two office properties in the French city of Lyon from Invista European Real Estate Trust for a total of EUR 56 mln. The first property is located at Ecully in Lyon and comprises 11,448 m[sup]2[/sup] of office space let to IBM, BASF Agro and ...
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PropertyEU Archive
Commerz Real invests EUR 76m in Rotterdam development
Commerz Real has acquired an office development in the heart of the Dutch port city of Rotterdam for EUR 76 mln on behalf of the hausInvest europa open-ended fund. Construction of the 12-storey building began recently and is scheduled for completion in the summer of 2010. The seller was Dutch ...
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PropertyEU Archive
European investment activity stabilises in Q3 - CBRE
European commercial real estate investment activity remained stable in the third quarter of 2008 at EUR 26.4 bn, slightly below the EUR 27 bn registered in the second quarter of 2008, according to the latest research report issued by CB Richard Ellis. The figure brings the turnover for Europe's investment ...
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News
APG pushes forward to meet infrastructure target
NETHERLANDS – APG, the asset manager of the €193bn ABP pension fund, is pushing forward to meet its infrastructure investment target of €4.5bn for 2009, even though opportunities are now drying up in the asset class.
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PropertyEU Archive
EMEA performs best as global hotel sales decline 71%
About EUR 9 bn worth of hotels were traded globally in the first nine months of 2008, a 71% drop on the record levels recorded in the same period in 2007, according to Jones Lang LaSalle Hotels. All regions of the world have been affected by the turmoil in the ...
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PropertyEU Archive
Hypo's Dunne to focus on running Depfa unit
Hypo Real Estate, Germany's second largest property lender, has named its chief operating officer Cyril Dunne as the permanent CEO of Depfa Bank, the group's Dublin-based infrastructure and public lending subsidiary. The supervisory board of Hypo Real Estate appointed Frank Krings to replace Dunne as the group's chief operating officer.
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PropertyEU Archive
Plaza to repurchase up to 19 million shares
London and Warsaw-listed Plaza Centers is lauching a share buyback programme on London Stock Exchange this week which will see the mall developer repurchase up to 19.3 million shares, equal to 6.61% of the total of 292.4 million shares in issue.
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PropertyEU Archive
PSP Swiss Property to begin share buyback
PSP Swiss Property is to buy back up to 5% of its issued shares over the next three years. The company said it is opening a Second Trading Line on the SIX Swiss Exchange on 23 October to repurchase up to 2.3 million shares. The buyback programme will run until ...
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PropertyEU Archive
STE becomes sole owner of Nantes business park
Paris-listed Societe de la Tour Eiffel has become the sole owner of Parc du Perray in the French city of Nantes after signing a purchase agreement for the acquisition of an obsolete 1,500-m[sup]2[/sup] office building on the site.
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PropertyEU Archive
Sonae Sierra and Rockspring open Pantheon Plaza in Greece
Pantheon Plaza, a new shopping and leisure centre developed in partnership by Sonae Sierra and Rockspring Property Investment Managers, opens its doors to the public in the central Greek town of Larissa on Thursday.
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PropertyEU Archive
Irish acquire German shopping centre
A group of private Irish investors has acquired RastpfuhlCarre shopping centre in the German city of Saarbrucken from project developer ROLEG for about EUR 13 mln. Savills advised the buyers.
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PropertyEU Archive
Unite seeks to recover EUR 35m from Icelandic bank
Unite Group, the UK student accommodation specialist, is seeking to recover £30 mln (EUR 35 mln) that was placed on fixed-term deposit with the London branch of Icelandic bank Landsbanki. The funds were accrued following asset sales by the UNITE UK Student Accommodation Fund (USAF) in August this year.
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PropertyEU Archive
Redevco opens first C&A 'eco-store'
Real estate company Redevco has said that the renovated C&A clothing store which re-opens in the German city of Mainz on Wednesday sets new standards for sustainability management in the large city-centre retail sector. The 6,500-m[sup]2[/sup] building, originally constructed in 1961, has undergone an extensive overhaul in the last 12 ...
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PropertyEU Archive
Cluttons opens for business in Greece
London-based property consultancy Cluttons has expanded it its Mediterranean coverage with an associated office in Athens. Cluttons Greece, which will oversee the markets of Greece and Cyprus, and will focus primarily on high-end residential properties.
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PropertyEU Archive
Dublin office take-up strong in Q3
The Dublin office market performed 'surprisingly well' in the third quarter of 2008 and was above the average Q3 take-up in the last few years, according to the latest report on the Irish capital released by CB Richard Ellis. Some 58,562 m[sup]2[/sup] office lettings were signed in the third quarter, ...
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PropertyEU Archive
GVA unveils plans for first outlet centre in Slovenia
GVA Grimley Outlet Services has said that the phase one of the first retail outlet centre in Slovenia is due to open in autumn 2010. Ljubljana Outlet Centre is a joint venture between a local developer and Raiffeisen Leasing. The centre will provide 25,000 m[sup]2[/sup] of outlet space in ...
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PropertyEU Archive
Multi Turkmall opens Forum Ankara
Multi Turkmall has said its new Forum Ankara Shopping and Lifestyle Centre will likely attract more than 10 million visitors a year. The centre opened its doors to the public on 18 October.
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PropertyEU Archive
Finland proposes shifting Sponda stake to state-owned vehicle
Listed Finnish real estate company Sponda said on Tuesday that it has been informed that a proposal is to go before parliament in Helsinki to transfer the state's large stake in Sponda to Solidium, a wholly state-owned company. The state owns 38 million shares in Sponda, corresponding to more than ...
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News
US managers begin switch from deals to strategy
UNITED STATES - US real estate investment managers are shifting their focus away from deal-specific research to strategic portfolio analysis, more in line with their European counterparts, as a side effect of the current market uncertainty, according to the International Property Databank (IPD).
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News
Prupim phases sustainability push beyond the UK
UK/GLOBAL – Prupim, the real estate investment manager, is planning to expand its approach towards sustainability worldwide and address the performance of its international portfolio, with research due to start in North America next month.
