Latest reports – Page 3443
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PropertyEU Archive
Bouygues starts development of Eqwater complex
French builder Bouygues Immobilier said it has started the development this week of its Eqwater office complex in Issy-le-Moulineaux, in the outskirts of Paris. The project was acquired earlier this year by German investor Deka Immobilien. Designed by American architect Arquitectonica, Eqwater will provide around 16,500 m[sup]2[/sup] of office space ...
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PropertyEU Archive
Gecina dusts off share buyback plan
Paris-listed property company Gecina said on Wednesday that its board has proposed re-launching the share buyback programme that was blocked by French financial regulator AMF last December. The share buyback is crucial for the resumption of the planned demerger from Spanish real estate group Metrovacesa. Gecina said it expected to ...
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PropertyEU Archive
DTZ to rate Royal Mail Group Property
Royal Mail Group has awarded its rating contract to DTZ for over 2,500 UK properties following an extensive tender process. As national rating adviser, DTZ will help Royal Mail seek savings from what is one of the UK's largest property estates. Martin Gafsen, group property director of Royal Mail Group ...
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PropertyEU Archive
Argo fund opens Romania's second largest retail park
Aim-listed investor Argo said on Wednesday that its private equity fund and local developer Omilos Group have completed the first phase of the ERA Shopping Park development in Iasi, Romania. The scheme is the first of two retail parks that Argo Capital Partners Fund 1 plans to operate in the ...
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PropertyEU Archive
Trigranit invests EUR 220m in Arena Center
Budapest-based property developer Trigranit said on Wednesday that it has started the development of its Arena Center project in the Lanite district of Zagreb, Croatia. The development, located on a site of 175,000 m2, is expected to cost around EUR 220 mln. The grand opening is planned for spring 2010.
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PropertyEU Archive
Catella seeks opportunities in distressed Spanish market
Catella Property Group said it has opened a new office in Madrid to take advantage of opportunities in the distressed Spanish property market. 'In 1992 Catella's property arm started in Sweden in what was then a distressed Swedish property market,' said Johan Ericsson, Group CEO of Catella Property Group. 'The ...
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PropertyEU Archive
Vinci signs major redevelopment contract with GE RE
GE Real Estate France has awarded the contract for the redevelopment of the Tours du Pont de Sevres complex in Boulogne-Billancourt on outskirts of Paris to French developer Vinci Immobilier. The cost of the redevelopment was not disclosed.
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PropertyEU Archive
Prologis to develop sustainable facility for M&S
Logistics facility giant Prologis said it is developing a new 102,190 m[sup]2[/sup] distribution facility for UK retailer Marks & Spencer with sustainable design and construction features. Prologis said the facility would be built to achieve a minimum rating of Very Good under the BRE Environmental Assessment Method (BREEAM), the UK's ...
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PropertyEU Archive
UK pension funds continue to bet on property - report
UK pension funds are keeping faith with the commercial property sector despite the market turbulence, according to a new report released by global real estate investment manager Prupim. The research conducted by Prupim in cooperation with the Pensions Management Institute (PMI) indicates that 25% of UK pension funds are planning ...
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PropertyEU Archive
Nick Friedlos to take reins at Mapeley
London-listed Mapeley has announced that Nick Friedlos, currently the company's chief financial officer, is to be appointed as CEO with effect from 1 January 2009. He will succeed Jamie Hopkins who is moving to London-based private property company Chester Properties. Hopkins will remain on the board of Mapeley as ...
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PropertyEU Archive
CBRE seals EUR 66m worth of deals in the Netherlands
CB Richard Ellis has completed on more than EUR 66 mln of deals as part of two logistics transactions in the Netherlands. In the first deal, CBRE acted on behalf of Kenmore Property Group in the sale of a major asset at Veghel, near Eindhoven in the south-east logistics hub ...
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PropertyEU Archive
Redevco wins two IPD EuroProperty Awards
Dutch property developer and investor Redevco saw its Redevco Central Europe and Redevco Germany funds awarded IPD EuroProperty investment awards on Monday for real estate performance compared to their peers. Redevco topped the list of IPD EuroProperty award winners, as it was the only group to receive more ...
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PropertyEU Archive
Montenegro's first international-style mall to open
Delta City Podgorica, Montenegro’s first international-style shopping mall, is set to open on 1 October. The mall comprises a total of 75 shops, including international retailers like Zara, Marks & Spencer, Navigare, Pull & Bear, Gant, Bershka, Bata and Via Spiga, said Colliers International, the exclusive leasing agent for the ...
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PropertyEU Archive
Sovereign funds may plough EUR 492 bn into global property
Real estate professionals who are eagerly awaiting a mass influx of investment by the world's massive sovereign wealth funds (SWFs) may get their wish over the next seven years. CB Richard Ellis (CBRE) says the funds may be on the verge of ramping up their property investments in massive fashion. ...
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PropertyEU Archive
Deka appoints head of real asset management in France
German investor Deka Immobilien said on Tuesday that it has appointed Marlene Raffault as new head of real estate management in France. Raffault will be responsible for setting up and managing the asset management activity of the Deka Group in the country, where the investor currently has a portfolio worth ...
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PropertyEU Archive
La Fors retires from LaSalle Investment Management
LaSalle Investment Management has announced that Robert La Fors, a former managing director of its Amsterdam office and a founding member of the European Public Real Estate Association (EPRA), is retiring after 11 years at LaSalle and 30 in the property industry.
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PropertyEU Archive
Multi's Victoria Square crowned by Irish award
Multi Development has been named Developer of the Year at the All Ireland Retail Property Awards in Dublin for the company's EUR 500 mln Victoria Square development in Belfast. The 75,000 m[sup]2[/sup] scheme was picked as the winner by readers of Shopping Centre Ireland magazine through an online public ...
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PropertyEU Archive
Equest sells City Centre Sofia Mall for EUR 100m
Equest Balkan Properties (EPB) has announced the sale of its City Center Sofia Mall, a 23,000-m[sup]2[/sup] retail mall located in Bulgaria's capital city, to Heitman European Property Partners III for EUR 101.5 mln. The sale price is in line with valuation by CB Richard Ellis in June 2008 and represents ...
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PropertyEU Archive
Reita: ban short selling of property stocks
Reita, the UK's education and awareness campaign for property investment and real estate investment trusts, has called on Britain's Financial Services Authority to extend the ban on short selling of stocks to the commercial property sector. The organisation suggested that the ban in the financial sector could tempt short sellers ...
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PropertyEU Archive
Hansteen tools up to look for distress in UK
Hansteen Holdings, the AIM-listed pan-European property investor, has said it is adopting a guarded approach to further acquisitions in Continental Europe and will instead concentrate its efforts on bargain hunting in the UK real estate market.
