Latest reports – Page 3431
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PropertyEU Archive
Prologis to develop 12,700 m[sup]2[/sup] warehouse in France for Rip Curl
Global logistics property owner and developer Prologis said Thursday that it is developing a new 12,700 m[sup]2[/sup] industrial warehouse in southwest France for Australia-based Rip Curl, a supplier of equipment and apparel for surfing and mountain sports.
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PropertyEU Archive
C&W names Laxton to new role of CEO of UK business
Real estate adviser Cushman & Wakefield has announced the appointment of Bryan Laxton to the role of CEO of its UK business with effect from 1 January 2009. Laxton will report to Paul Bacon, CEO of C&W EMEA (Europe, Middle East and Africa)and will be responsible for leading the firm's ...
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PropertyEU Archive
Hypo RE denies it withheld information on liquidity
Hypo Real Estate Holding, the German commercial property lender that is now receiving an EUR 50 bn bailout after an initial rescue package proved to be insufficient, denied a report in the Financial Times Deutschland (FTD) published Wednesday that it withheld information about its liquidity situation to German market regulator ...
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PropertyEU Archive
WestImmo provides EUR 48m financing for Northgate building in Romania
Westdeutsche ImmobilienBank (WestImmo) is to provide EUR 48 mln of financing for the Northgate Office Building in Bucharest. The borrower Creativ Invest is owned on a 50-50 basis by Marius Ivan and Tom Quinn. Between them the two shareholders have some EUR 450 mln of investments in the
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PropertyEU Archive
Carlyle acquires Salford Quays site for £30m development
Private equity firm the Carlyle Group announced on Friday that it had acquired a 3.4 hectare site in Salford Quays, near Manchester, ahead of a £30mln (EUR 37.6mln) regeneration project. The transaction was carried out in conjunction with its joint venture partner Abstract Carlyle acquires Salford Quays site for £ ...
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PropertyEU Archive
Redevco signs up retailers for malls in Erzurum and Ankara, Turkey
The Turkish arm of Dutch property developer and investor Redevco has signed up a number of tenants for two Turkish malls set to be inaugurated next year, leasing some 60% of the space in both developments.
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PropertyEU Archive
Gresham House announces new board of directors
London-based financial services and property investment trust Gresham House announced the resignation and replacement of four directors following an adjourned General Meeting of Shareholders last Thursday.
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PropertyEU Archive
C&W named retail agency team of the year at European Property Awards
Cushman & Wakefield was named as the Retail Agency Team of the Year 2008 at the European Property Awards held in Munich, Germany on Wednesday. Cushman & Wakefield previously won the award in 2006.
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PropertyEU Archive
HDG appoints Herold to lead UK and Europe acquisitions
HDG Mansur has appointed George Herold as head of acquisitions in UK and Europe, a position previously held by Richard den Hartigh. In his new role in HDG's London office, Herold will be responsible for leading the UK and Europe Acquisitions Group and sourcing acquisition and development opportunities that meet ...
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PropertyEU Archive
Egypt's Osoul Group develops 66,000 m[sup]2[/sup] coastal luxury resort in Montenegro
A partnership between Joud Real Estate Funds and Monte-Mena, both units of Egyptian developer Osoul Group, is developing a 66,000 m[sup]2[/sup] luxury resort on the coast of Montenegro known as Royal Montenegro Grand Resort. Details of the project were revealed Thursday by Colliers International Montenegro, which along with the Colliers ...
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PropertyEU Archive
JLL double winner at EXPO REAL in Munich
Property broker Jones Lang LaSalle won the 'European Office Agency Team of the Year' award and, for the second year running, the 'European Investment Agency Team of the Year' award at the 2008 European Property Awards ceremony at EXPO REAL in Munich. The awards were organised by UK property publication ...
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PropertyEU Archive
Commerz Real buys Frankfurt logistics development for EUR 16m
German property investor Commerz Real has acquired a logistics property which is to be built close to the Frankfurt International Airport. An exclusive lease for the property with a fixed term of at least ten years has been signed with express shipping group DHL Express Germany. The total investment volume ...
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PropertyEU Archive
Sauer-Danfoss leases a quarter of Panattoni logistics centre, Poland
International electronics company Sauer-Danfoss has signed a lease agreement for 18,750 m[sup]2[/sup] of production and warehouse space and 2,154 m[sup]2[/sup] in Panattoni Park Wroclaw, a logistics centre development by industrial real estate developer Panattoni Europe near Wroclaw, Poland.
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PropertyEU Archive
Nexity issues profit warning, citing property slowdown
French property group Nexity issued a profit warning on Thursday, its second in little more than two months, citing a sharper than expected downturn in the property market.
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PropertyEU Archive
EXPO REAL sees growth in visitors despite the credit crisis
EXPO REAL, the 11th International Commercial Property Exposition which took place in Munich from 6 to 8 October attracted 24,500 trade visitors this year, up from the 23,800 visitors seen at the 2007 edition of Expo Real, the organiser Messe München said. In both years, visitors from 77 countries ...
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PropertyEU Archive
DIC Asset to buy back up to 5% of shares
German commercial property investor DIC Asset said that it plans to buy back as much as 5% of its shares in a bid to support the net asset value per share of its stock. Frankfurt-based DIC said it might reacquire as many as 1.57 million shares on the stock exchange ...
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PropertyEU Archive
Hypoport processes record volume of EUR 3.8bn
Hypoport, the German internet-based financial services provider, has generated a record volume of transactions worth EUR 3.8 bn in the third quarter 2008. This represents an increase of more than 20% compared with the same quarter of 2007. The company said it had processed EUR 3.5 bn worth of ...
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PropertyEU Archive
Central bank rate cuts bring hope to commercial property market: CBRE
Rate cuts by the Bank of England and other central banks on Wednesday have improved prospects somewhat for the commercial property market, the UK office of global commercial real estate services firm CB Richard Ellis said in a statement Thursday.
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News
Los Angeles City seeks a wider view
UNITED STATES - Los Angeles City Employees’ Retirement System has approved two new real estate commitments totaling $45m (€33.1m) which will see the pension fund invest in REITS and Latin America.
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News
Dallas Police & Fire helps fund retail venture
UNITED STATES - Dallas Police & Fire Pension System is the capital source behind a global capital relationship with its real estate manager CDK Realty Advisors and RED Development, which will invest in retail property.
