Latest reports – Page 3428
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PropertyEU Archive
Redevco sells Istanbul office building to Avea
Dutch private property company Redevco has sold an office building in Istanbul to Avea, Turkey's fast-growing mobile communications company, for an undisclosed amount. The transaction was closed during the summer.
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PropertyEU Archive
Two Grosvenor funds join UK association
Two funds managed by international property group Grosvenor have joined the Association of Real Estate Funds (AREF) in the UK. AREF is the representative body for UK unlisted commercial real estate funds. The addition of the Grosvenor Shopping Centre and the Grosvenor London Office funds lifts AREF's membership to 68 ...
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PropertyEU Archive
Sonae Sierra achieves first in health and safety certification
Sonae Sierra has become the first European company in the shopping centre sector to receive the Occupational Health and Safety Assessment Series 18001 certification for its Safety & Health management system. The OHSAS certification was issued by TÜV Rheinland, a German firm that specialises in certification on a multi-national basis.
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PropertyEU Archive
Sistema-Hals readies plan to deal with credit crisis
Russian real estate firm Sistema-Hals has denied that it could face difficulty in financing its short-term debt. The company was responding to recent reports suggesting that Russian real estate developers are likely to be among the worst hit by the deteriorating financing environment.
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PropertyEU Archive
Kardan board approves merger with GTC RE
Amsterdam-registered investment company Kardan said on Thursday that its supervisory and management boards have approved the merger of the comapny with its real estate subsidiary GTC Real Estate. In a statement, Kardan said that the management believes the merger will create a larger holding company with a strengthened financial and ...
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PropertyEU Archive
Klepierre in EUR 71m asset swap with CNP Assurances
French shopping centre specialist Klepierre has purchased the commercial gallery in the Avenir shopping centre in Drancy from insurance group CNP Assurances for close to EUR 71 mln. According to an article in newspaper Business Immo, the deal is part of an asset swap between the two firms under which ...
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PropertyEU Archive
Rising yields to attract equity-rich investors - CBRE
Prime rents across Europe remained stable in the office and retail sectors during the third quarter of 2008, with rents in the industrial sector falling slightly, according to the latest CB Richard Ellis Rent Indices. However, whilst the annual rental growth rates for all three sectors are still in positive ...
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News
Financial stress showing on apartment complex
UNITED STATES- The Stuyvesant Town/Peter Cooper Village apartment complex in New York, which is backed financially by pension funds, is going through some financial stress.
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News
Mass PRIM makes additions in real estate
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has selected a new real estate consultant and added an office building to its real estate portfolio.
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News
GIC to invest in debt fund worth $2.5bn
UNITED STATES - Divco West Properties and LoanCore Capital have come together to form a $2.5bn (€1.8bn) investment fund which will target real estate debt opportunities at major institutional investors such as Singapore’s GIC.
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News
Federal Capital attains $230m in first fundraising
UNITED STATES - Federal Capital Partners has closed its first commingled fund with a capital raisin of $230m (€168.5m) through FCP Fund I.
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News
Buchanan Street Partners to be principal investor only
UNITED STATES - Buchanan Street Partners has shifted its business to focus solely on acting as a principal investor for all of its real estate investments.
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PropertyEU Archive
Savills US to lead distressed property unit
Savills has established a special service to focus on distressed property situations. The new unit is led by Savills US CEO John D Lyons, executive managing director Jeffrey Baker, senior vice president Fredric Leffel and senior vice president John Wilcox from the New York office.
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PropertyEU Archive
Commerz Real adds to Berlin holdings
German property investor Commerz Real has signed a contract to purchase an office development in the Charlottenburg district of Berlin for its ProCommerz institutional fund for EUR 14 mln. The Westend IV project is adjacent to an office building with 11,000 m[sup]2[/sup] of gross lettable area which Commerz Real acquired ...
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PropertyEU Archive
Moorfield fund buys Raven's stake in UK retirement village developer
London-based Moorfield Group has confirmed the conditional acquisition of a 75% stake in Audley Court, a developer and operator of retirement villages in the UK.
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PropertyEU Archive
LEED certificate panned for Ernst-August-Galerie in Hanover
Ernst-August-Galerie has opened in the German city of Hanover after a 22-month construction period. German inner-city shopping centre specialist ECE and HGA Kapital Grundbesitz und Anlage were the project partners in the EUR 230 mln development.
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PropertyEU Archive
Altarea opens Alsace shopping centre
Altarea, the French real estate developer and investor, held a special inauguration ceremony on Tuesday for its new Porte Jeune Shopping Center in the centre of Mulhouse, in the Alsace region of France. The ceremony was attended by Jean-Marie Bockel, mayor of Mulhouse and junior defence minister, Alterea's founder and ...
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PropertyEU Archive
Green acquires 27 care facilities in the Netherlands
Dutch firm Green Real Estate has acquired 27 properties from healthcare organisation Meavita Nederland in a sale-and-leaseback transaction. The financial details were not disclosed.
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PropertyEU Archive
HDG Mansur acquires office building in Farnborough
HDG Mansur Investment Services has announced the completion of the EUR 16.2 mln acquisition for a fund it manages of an office building in Farnborough, in the London commuter belt. The seller was Norwich Property Trust.
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PropertyEU Archive
Sarajevo to get first international mall in 2009
Shoppers in the Bosnian capital Sarajevo will get their first international-style shopping centre next year, according to property consultant Colliers International. The 11,900-m[sup]2[/sup] Alta Shopping Center is scheduled to open in the city's Central Business District in September 2009. The shopping centre will have a total built-up area of ...
