Latest reports – Page 3427
-
PropertyEU Archive
Chris Gibson-Smith named interim CEO at British Land
UK property major British Land has announced the temporary appointment of Chris Gibson-Smith as CEO to replace Stephen Hester who leaves the company on 15 November to become chief executive of the Royal Bank of Scotland. Gibson-Smith will lead British Land until the search for a permanent CEO is ...
-
PropertyEU Archive
HSBC Trinkaus RE shops in Luxembourg
Düsseldorf-based HSBC Trinkaus Real Estate has bought an office project in the Findel central business district of the city of Luxembourg for EUR 81.5 mln, of which EUR 50 mln in equity. The property is earmarked for the new fund Trinkaus Europa Immobilien-Fonds Nr. 12 Luxemburg/Airport & Co. After completion ...
-
PropertyEU Archive
SNI buys 1,000 residential units from Gecina
France's Sociéte Nationale Immobilière (SNI), a unit of bank Caisse des Depots, has purchased around 1,000 housing units in the outskirts of Paris from French property firm Gecina. The apartments are located in Courbevoie (Hauts-de-Seine) and Saint-Michel-sur-Orge (Essonne), according to French media. The financial details of this transaction were not ...
-
PropertyEU Archive
European Data Centre market regains ground in Q2
Take-up in the European Data Centre market picked up in the second quarter of 2008 following the stagnation seen in the first three months of the year, particularly in the London market, CB Richard Ellis said on Friday. According to figures released by the broker, total market take-up for the ...
-
PropertyEU Archive
Sjaelso Gruppen to spend EUR 26m on share repurchase
Danish listed real estate firm Sjaelso Gruppen said on Thursday that it has repurchased 1.5 million of its shares for a total cost of DKK 143 (EUR 19 mln) since it began a share buyback programme in March this year. The company plans to have bought EUR 26 mln worth ...
-
PropertyEU Archive
Pirelli RE to develop new HQ for 3M in Pioltello
Italy's Pirelli Real Estate said it will develop the new Italian headquarters for US technology company 3M. The new head office is expected to house around 600 employees on completion in 2010. Designed by architectural firm Studio MCA, the project will be located within the Malaspina Business Park in Pioltello, ...
-
PropertyEU Archive
Activum hires Axel Kochsiek as head of asset management
Activum, the European real estate investor and 'turnaround' manager, hss appointed Axel Kochsiek as a partner and head of asset management. Kochsiek comes from Fortress Investment Group where he was head of the leasing strategies for Eurocastle.
-
PropertyEU Archive
Restaura SL sells 45% of R-SIIC
Spanish group Restaura SL has sold a 45% interest in its French real estate investment arm R-SIIC. The company, which previously held a 98.5% stake in R-SIIC, has disposed of a total of 71,068 R-SIIC shares, representing a 45% stake in the French firm. The stocks were bought by the ...
-
PropertyEU Archive
Macquarie sells Italian mortgage portfolio
Australian investment bank Macquarie Group said on Monday that it has signed an agreement to sell its portfolio of Italian mortgages worth $A2 bn (EUR 1.1bn). The transaction is expected to complete by 31 October 2008, it added.
-
PropertyEU Archive
Colonia RE secures EUR 30m refinancing
German property compnay Colonia Real Estate has secured a refinancing of one of its residential portfolios through a successful debt-buyback. The financing volume was more than EUR 30 mln. The company agreed the financing in May this year at a fix-rate mortgage with a German mortgage bank. The coupon is ...
-
PropertyEU Archive
Savills issues profit warning as brokers see transactions dry up
International property adviser Savills warned on Friday that its profits this year would be less than expected as a result of a 'sharp reduction in transaction volumes'.
-
PropertyEU Archive
Realkapital fund spends EUR 80m in France
Realkapital Partners has acquired an office building in Paris and a logistics scheme in Algers for its recently launched Realkapital European Opportunity II fund. The total acquisition price comes to EUR 80 mln. The company has bought six storeys within a 18-floor office building in the 12th arrondissement of Paris ...
-
PropertyEU Archive
Mann Group takes control of Polis Immobilien
Mann Immobilien-Verwaltung said it has tendered 53% of German property company Polis Immobilien following expiration of the offering period for the mandatory takeover offer. The company said it has bought a total of 2.2 million shares in the company, which specialises on office property across Germany.
-
PropertyEU Archive
Lehman managers eye $9bn private equity buy-out
Senior managers of Lehman Brothers' $9 bn global property private equity business are mulling a management buyout, according to an article in the UK real estate magazine Property Week. The paper reported that the senior team at Lehman Brothers Real Estate Private Equity is seeking to take control of the ...
-
PropertyEU Archive
St Martins appoints global markets research manager
St Martins, the property arm of the Kuwait Investment Authority, has announced the appointment of Cleo Folkes as research manager for global markets. Folks will advise the company on global investment strategy and provide input on the evaluation of individual investment opportunities. Folks has been head of research at Allsop ...
-
PropertyEU Archive
KanAm pulls out of OpernTurm trophy deal in Frankfurt
KanAm, one of the most active German open-ended fund managers, has pulled out of the acquisition of the OpernTurm trophy office tower development in the Frankfurt, Germany's banking and financial centre.
-
PropertyEU Archive
Unibail Rodamco mulls buyback of Coeur Defense - report
French property giant Unibail Rodamco is reportedly interested in buying back the Coeur Defense office tower at La Defense in Paris from bankrupt US investment bank Lehman Brothers at a significant discount. According to an article in the French weekly Challenges, the group has made an offer for the building ...
-
PropertyEU Archive
Robert Antista to lead Colliers office in Albania
Collier International Albania has appointed Robert Antista as its new managing director. Colliers is the only global real estate services provider to have an office in Albania. Its projects include the biggest retail park in the country, City Park, and the leading office project, Millennium Business Center.
-
PropertyEU Archive
Constructa sells Etap Hotel in Ile-de-France
French property company Constructa has sold the Etap hotel in Yveline, in the Ile-de-France region, to a consortium of private investors led by JCL Conseil et Développement. The buyers, which are investing via the Société Hôtelière Mantes Sully company, are purchasing the 80-room hotel for an undisclosed amount. The property, ...
-
PropertyEU Archive
PWC signs major office letting in Munich
PricewaterhouseCoopers (PwC) has signed an agreement to lease space at the new Skygarden office property in Munich. The company was advised by property brokers Savills and Colliers. PwC has taken a prelet of 17,500 m[sup]2[/sup] of office space from Vivico. It will relocate its 700 Munich-based staff from Elsenheimer Strasse ...
