Latest reports – Page 3447
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PropertyEU Archive
Union Investment buys logistics park for EUR 21m
German property company Union Investment has acquired the Ten Brinke logistics park in the German city of Bremerhaven for around EUR 21 mln. The property is earmarked for Union Investment's institutional real estate funds Immo-Invest: Europa fund. The asset was acquired from Ten Brinke Logistics. It covers an area of ...
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PropertyEU Archive
Redevco signs lease with H&M in Brugg, buys retail park
Dutch retail specialist Redevco has signed a lease agreement with H&M for a retail unit in Brugg, Switzerland. The unit, part of a former UBS branch acquired in January 2008, is located in the main shopping street and opposite the train station. Refurbishment work started at the beginning of June, ...
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PropertyEU Archive
Harbert JV to develop retail warehouse in Malaga
Alabama-based alternative asset manager Harbert Management Corporation (HMC) has announced that its European Real Estate Fund II has entered into a joint venture with Doric Malaga to develop a 17,000m[sup]2[/sup] retail warehouse in the Spanish city of Malaga. airport. The project, which is scheduled to open in late 2009, is ...
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PropertyEU Archive
Big Yellow REIT completes EUR 407m refinancing
The board of UK self storage company Big Yellow confirmed on Tuesday that it has completed the £325 mln (EUR 407 mln) financing of its portfolio. The real estate investment trust, or REIT, announced at the start of the month that it has arranged the loan with Germany's HSH ...
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PropertyEU Archive
Trigranit starts development of Emonika project
Hungarian developer Trigranit said that it has started construction of the City Center Emonika mixed-use project in Slovenia. The scheme will include new railway and bus stations, a passenger hall, business and residential towers, a hotel and congress center, new parking spaces and a 60,000 m[sup]2[/sup] shopping-entertainment center. The company ...
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PropertyEU Archive
Atrium names development officer for new management team
Atrium European Real Estate, the Vienna-listed shopping centre property company formerly known as Meinl European Land, has appointed Dominique Beghin as chief development officer. This follows the hiring of Nils-Christian Hakert as chief operating officer earlier this month.
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PropertyEU Archive
Prologis strengthens Italian team with new appointment
Prologis has boosted its Italian team with the hiring of Daniele Sotti, who will immediately start work as leasing officer with responsibility for the leasing of the Global distribution facilities group's existing facilities in the country. Sotti previously worked for Tecnologisitica France, TNT and DHL, where he held the post ...
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PropertyEU Archive
German fund manager buys Boston office tower
Munich-based fund management group GLL Real Estate Partners has acquired a 16-storey office tower in the financial district of Boston on behalf of European institutional investors for $167 mln (EUR 118 mln). The vendor of the property at 200 State Street was Broadway Partners, a private real estate investment and ...
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PropertyEU Archive
Fortis shops for EUR 50m
Dutch real estate asset manager Fortis Vastgoed Vermogensbeheer has acquired a retail development in Vleuterweide Centrum, the Netherlands, from a joint venture of developers Multi Vastgoed and Fortis Vastgoed Ontwikkeling for EUR 50 mln. The mall, located near the city of Utrecht, consists of 15,000 m[sup]2[/sup] of retail space, 2,500 ...
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PropertyEU Archive
Hansainvest acquires trade park in Finland
Hansainvest, a part of the German Signal-Iduna Group, has signed agreements with Finland's YIT Construction and Etera Mutual Pension Insurance Company to buy more than 20,000 m[sup]2[/sup] of commercial and storage space at a trade park in the Finnish city of Espoo. The total transaction volume comes to EUR 30 ...
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PropertyEU Archive
JER appoints Barnes as head of European asset management
JER Partners (JER), the private equity commercial real estate investment division of the J. E. Robert Companies, has announced that Chester Barnes has joined the firm as managing director, head of European asset management. Barnes will be responsible for overseeing the asset management activities of JER' s European private equity ...
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PropertyEU Archive
Zublin sells properties in Winterthur and Bern
Swiss property company Zublin said on Monday that it has sold its buildings located in Winterthur and one of its office properties in Bern for CHF52 mln (EUR37 mln) net of costs. The sale is in line with the group's strategy to focus on the cities of Zurich and Geneva, ...
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PropertyEU Archive
IPD Index shows UK property return still declining
The Investment Property Databank (IPD) has said that there is no end in sight to declining values in the UK commercial property sector. The IPD's UK Monthly Property Index for August showed a slight improvement with total returns falling -1.1% in August compared with -1.3 in July. Declines in ...
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PropertyEU Archive
JLL set to cut 80 jobs in England
Jones Lang LaSalle (JLL) is to make up to 80 staff redundant in England because of the challenging financial and economic climate. In a statement on Monday, the international property services firms said it has 'taken the difficult but necessary decision to make 60 - 80 redundancies affecting employees based ...
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PropertyEU Archive
Alpha Bank provides EUR 50m financing to Argo RE fund
Argo Real Estate Opportunities Fund, a closed-end fund focused on the CEE region, said on Monday that it has received a EUR 50 mln refinancing facility from Greece's second largest lender Alpha Bank. The company said it will use the proceeds of the financing to improve the group's capital structure ...
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PropertyEU Archive
Colonial seals EUR 7bn debt restructuring deal
Spanish real estate company Colonial has reached a binding agreement with its banks to restructure its EUR 7 bn mountain of debt. In a statement on Monday, the company said that banks Calyon, EuroHypo, Goldman Sachs and Royal Bank of Scotland have agreed to extend the maturity date on a ...
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PropertyEU Archive
Supernova to build EUR 500m mall in Zagreb
Supernova Holding has said it will invest EUR 500 mln in the development of a shopping and entertainment centre in Zagreb. The Austrian investment group will develop the mall in Buzin, on the outskirts of Zagreb, via its Croatian unit Supernova Hrvatska. The scheme will have a surface area of ...
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PropertyEU Archive
Wolfhard Leichnitz to resign as CEO of IVG
German listed property company IVG has announced CEO Wolfhard Leichnitz is to leave the company at the end of September for personal reasons. Leichnitz's functions will be performed by other board members until the appointment of a successor.
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PropertyEU Archive
APF, CdD JV invests EUR 80m in French assets
Dutch fund manager APF International is putting its eighth real estate fund on the market. The fund will focus on investment in France where APF International has just established a joint venture with Paris-based Caisse des Dépôts et Consignation. The partnership has purchased four office buildings in the country for ...
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PropertyEU Archive
Israelis to develop 8-hotel all-season resort in Bulgaria
Tel Aviv-listed Asim Real Estate and Israeli real estate group Tidhar have entered a partnership with the Bulgarian Investment Group to develop an all-season resort in Razlog, a ski town in south-western Bulgaria, the Sofia Echo has reported.
