Latest reports – Page 3450
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PropertyEU Archive
JLL reshuffles European and Asian top spots
Jones Lang LaSalle announced on Tuesday that Christian Ulbrich, who leads its German business, is to become the new CEO of the European, Middle East and Africa (EMEA) division.
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PropertyEU Archive
OVG completes Dockworks park in Rotterdam
Dutch property company OVG said it has completed the development of the Dockworks business park in Rotterdam. The park provides 22,000 m[sup]2[/sup] of office space for the maritime industry. It comprises four buildings with 450 parking spaces. Two of the assets are fully let to several tenants and were sold ...
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PropertyEU Archive
Debt-saddled Aedes reportedly near refinancing deal
Milan-based real estate company Aedes Immobiliare is said to be close to sealing a deal with its banks to refinance its EUR 400 mln mountain of debt. According to Italian newspaper Il Sole 24 Ore, the success of the refinancing transaction is conditional on the Italian property fund manager raising ...
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PropertyEU Archive
Patrizia sells portfolio for EUR 78.5m
Augsburg-based Patrizia Immobilien has sold a total of 381 real estate units in Dresden and Munich in two indepent transactions for a total of EUR 78.5 mln. The Altmarktkarree 1 ensemble comprising 318 residential and 39 commercial units in Dresden was purchased by Patroffice, a company in which Patrizia holds ...
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PropertyEU Archive
Catalyst Capital picks new head of German acquisitions
Catalyst Capital has appointed Maureen Mahr von Staszewski as its new head of origination and acquisitions for Germany. This follows the recruitment of Hans Stuckart from German Fund CGI, who was appointed earlier this year as Catalyst's head of asset management.
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PropertyEU Archive
Prologis leases 36,000 m[sup]2[/sup] to Kuehne + Nagel in US
Prologis announced on Tuesday that it has signed major leasing deals in the US with Kuehne + Nagel, a German provider of global logistic services and one of Prologis' main customers. The first lease, totalling just under 20,000 m2, is at the Tahoe-Reno Industrial Center, a distribution park located along ...
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PropertyEU Archive
Ferrovial sells Belfast airport to ABN Amro
Spanish construction group Ferrovial has agreed to sell Belfast Airport to an infrastructure fund managed by ABN Amro for EUR 165.5 mln. The sale of the only major international airport in Northern Ireland will help reduce almost EUR 10 bn in debt Ferrovial took on when it acquired UK airport ...
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PropertyEU Archive
GPT Halverton closes EUR 28m of acquisitions
European real estate investment manager GPT Halverton has acquired a total of 11 neighbourhood retail park assets on behalf of its German Retail Partnership (GRP) fund for a total of EUR 28 mln. The 11 assets were acquired from nine separate vendors and are located across Germany.
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PropertyEU Archive
Delta Property buys 60,000 m[sup]2[/sup] of Dutch office space
Delta Property Investment, a unit of Delta Development Group, has acquired a portfolio of 11 office buildings across the Netherlands from Inflation Vastgoed. The transaction volume was not disclosed but the properties generate a total annual income of about EUR 7 mln.
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PropertyEU Archive
Wolbern Invest acquires HQ in Hamburg
German company Wolbern Invest has acquired the Tom Tailor headquarters in Hamburg. The transaction price comes to EUR 34 mln. The property was purchased on behalf of the firm's new closed-end fund 'Wolbern Deutschland 03'. Built in 1989, the office building is fully let to Tom Tailor with a rental ...
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PropertyEU Archive
SEB appoints new head of investment management
SEB has announced the recruitment of Peter Branner as the new head of SEB Investment Management. Branner joins SEB from Fortis in London where he held a position as chief investment officer. In his new role he will be tasked with continuing to develop the SEB mutual funds.
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PropertyEU Archive
HSH Nordbank to cut 600 jobs on cost clampdown
German bank HSH Nordbank plans to lay off staff of 600 in the next two years as the company seeks to reduce costs further in the challenging market conditions. In a statement on Tuesday to announce the group's H1 2008 results, HSH said it will shed about 400 jobs in ...
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PropertyEU Archive
C&W launches in Middle East with new Dubai office
Cushman & Wakefield is opening a new office in Dubai to serve the major regional markets of the UAE, the Gulf States, Kuwait and Saudi Arabia. From its new Dubai office, C&W will offer a full range of transaction and consultancy services to Middle Eastern and international clients and provide ...
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PropertyEU Archive
GE RE appoints president of new international unit
GE Real Estate announced on Monday that Mark Hutchinson has been promoted to president of GE Real Estate International, a new unit covering operations in Europe and Asia.
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PropertyEU Archive
Massimo de Meo leaves Fonciere des Regions
Fonciere des Regions (FdR) has announced that Massimeo de Meo is resigning from the management board and all his other reponsibilities within the group. Massimo de Meo had a key role in repositioning FdR's Italian unit Beni Stabili, and in setting up Fonciere des Murs Italy, the new arm focused ...
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PropertyEU Archive
Nanette shops in Budapest
CEE investor Nanette has signed a preliminary agreement to purchase a 3.24-hectare plot of free hold land, which is located in the 9th district of Budapest. The group plans to build approximately 1,800 apartments on the site, with a net saleable area of around 90,000 m[sup]2[/sup]. Total costs are estimated ...
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PropertyEU Archive
AXA REIM sets up Asian headquarters in Singapore
AXA Real Estate Investment Managers (AXA REIM) has announced the opening of its new Asian headquarters in Singapore. In a statement, AXA REIM said that it has invested nearly 25% of the $2 bn committed by its clients since the firm entered the Asian market 18 months ago. The new ...
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PropertyEU Archive
RED opens first Romanian mall
Romanian real estate developer RED said it has opened its first shopping mall in Romania in the north west regional city of Arad close to the Hungarian border. The Armonia Retail Park consists of 46,500 m[sup]2[/sup] of retail space anchored by a 13,000 m[sup]2[/sup] Carrefour superstore. The mall also comprises ...
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PropertyEU Archive
ING RE's Eurosiris fund of funds raises EUR 750m
Global multi-manager ING Real Estate Select said on Monday that its European fund of funds, Eurosiris, has raised EUR 750 mln from investors since launch in 2006. Eurosiris is ING Real Estate's first continental European property fund of funds and was designed to provide investors with balanced exposure to the ...
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PropertyEU Archive
Echo Investment to develop hotel in Lodz
Polish investor and developer Echo Investment has signed an agreement with Polish company Orbis to develop a four-star Novotel hotel in Lodz. Hotel Novotel will be located in the centre of the city, and will offer 162 rooms, a restaurant, bar, business center, conference rooms, play rooms for children and ...
