Latest reports – Page 3457
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PropertyEU Archive
JER Catalyst sells two buildings in Brussels
JER Catalyst has sold two building in the centre of Brussels to a private Belgian investor for an undisclosed sum. The first building comprises 2,400 m[sup]2[/sup] of space and features a striking facade on Rue de Namur 72-74. The property includes commercial premises on the ground floor with 400 m[sup]2[/sup] ...
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PropertyEU Archive
Degi invests in Frankfurt
German property investment company Degi has bought a building on Zeil, Frankfurt's main retail street, for over EUR 30 mln. The fully let commercial building was sold by Nassauische Sparkasse (NASPA), which will remain in the building as a long-term tenant. Degi was advised by Kempers Jones Lang LaSalle Frankfurt.
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PropertyEU Archive
Foxtons mulls signing up Rothschild for business review
BC Partners, the new owner of UK estate agent chain Foxtons, is considering hiring investment bank NM Rothschild to carry out a review of the agent's business amid the credit crunch and the price correction in the British housing market, the Financial Times reported on Tuesday in its online edition. ...
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PropertyEU Archive
Cohen & Steers launches global hedged RE fund
New York-based investment manager Cohen & Steers has launched the Global Real Estate Long-Short Offshore fund. The fund manager, Todd Voigt is supported by a team of analysts and traders in New York, London, Brussels and Hong Kong.
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PropertyEU Archive
Gazeley buys 105,000 m[sup]2[/sup] plot in Kassel
Logistics developer and operator Gazeley is boosting its operations in Germany with the acquisition of a 105,000 m[sup]2[/sup] plot in Kassel. In a statement, Gazeley said it has reached an agreement with Kassel's municipal association to acquire 10.5 hectares of industrial land in the Güterverkehrszentrum GVZ logistics park. The company ...
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PropertyEU Archive
Tesco closes £605m sale-and-leaseback deal
UK retail giant Tesco has completed four sale-and-leaseback transactions in the latest phase of its ongoing £5bn disposal programme aimed at releasing value from its UK property portfolio. The £605mln (EUR 760mln) disposals consist of 13 Tesco stores with total floor space of 158,000 m2, accounting for around 2.4% of ...
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PropertyEU Archive
Wolbern Invest buys Albert Heijn headquarters in Zaandam
German investor Wolbern Invest has entered into an agreement to acquire the headquarters of Dutch supermarket chain Albert Heijn for EUR 76mln. The office building, located in the Dutch city of Zaandam, provides 29,100 m[sup]2[/sup] of space and 400 parking spaces and is fully leased to Albert Heijn on a ...
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PropertyEU Archive
Akron starts construction of 46,000 m[sup]2[/sup] logistics centre in Ukraine
Austrian real estate firm Akron has started the development of the 46,000-m[sup]2[/sup] Baltic Logistics Park in Kiev. The property is located 13 km from Kiev city and will include around 3,000 m[sup]2[/sup] of office accomodation. Akron, which was advised by Colliers International Ukraine, said that 80% of the financing will ...
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PropertyEU Archive
Institutional investors buy into Q-Park
European parking group Q-Park said on Friday that it has welcomed seven new shareholders to its ranks. Several Dutch pension funds (St. De Samenwerking/Pensioenfonds Slagersbedrijf, St. Pensioenfonds Beroepsvervoer over de Weg, St. Pensioenfonds Grafische Bedrijven, St. Pensioenfonds Woningcorporaties, St. Spoorwegpensioenfonds and St. Pensioenfonds Openbaar Vervoer) have acquired stakes in the ...
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PropertyEU Archive
Unite sells £179m of student housing
Unite, the largest manager of student housing in the UK, has exchanged contracts to sell eleven assets for £179mln, or a net initial yield of 5.8%. The properties are being sold in two separate transactions to Liberty Living, the student accommodation arm of Brandeaux Fund Management, and Swanbourne. In the ...
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PropertyEU Archive
Kungsleden acquires properties for EUR 40m
Listed Swedish property company Kungsleden has bought eight commercial properties located in six locations in central Sweden for SEK 365mln (EUR 39mln), including transaction costs. The seller was Stampen, Sweden's largest newspaper group.
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PropertyEU Archive
Degi fund shops in Prague
Degi, part of Aberdeen Property Investors, has completed its second investment in Prague with the purchase of the fully let mixed-use complex Andel Palace in Prague. The purchase price amounts to around EUR 57mln. The property will be added to the Degi International open-ended property fund. The seller, which was ...
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PropertyEU Archive
UK government approves London's Doone Street scheme
The UK Secretary of State, Hazel Blears, has approved Coin Street Community Builders' proposals for a residential and leisure centre on London's South Bank. The Doon Street scheme will include a 144 metre high residential tower, public uses at ground level, a new town square with lift and stairs to ...
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PropertyEU Archive
AFI Development receives go-ahead for EUR 5bn scheme
Russian developer AFI Development has received approval from the City of Moscow for its $7.6 bn (EUR 5 bn) Kuntsevo project. The work will be carried out by its wholly-owned subsidiary ZAO Armand.
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PropertyEU Archive
Sjaelso sells 275 apartments to Essex for EUR 121m
Danish property firm Sjaelso Gruppen has signed a final agreement with Essex Invest for the sale of 275 residential units in Greater Copenhagen for DKK 900mln (EUR 121mln). The assets are at different stages of development and comprise 30,000 m[sup]2[/sup] of space, of which Sjaelso has sold 50-95% to individual ...
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PropertyEU Archive
Henderson completes EUR 85m sale of Dutch retail portfolio
Henderson Global Investors has said its EUR 1bn European retail shopping centre fund, Herald, has completed the sale of the Hurdle portfolio for EUR 85mln to a private Dutch property company. The portfolio comprises five retail parks located in the Dutch cities of Assen, Drachten, Emmeloord, with two in ...
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PropertyEU Archive
Japanese fund targets Russian real estate
Japanese financial group Aruji is setting up a YEN 200 bn (EUR 1.2 bn) real estate investment fund focused on the Russian market. Aruji president Takuij Asaga said Aruji Real Estate Investment Fund is the first financial product designed to raise capital in Japan for investment in Russian real estate.'
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PropertyEU Archive
Commerz Real buys Munich office for EUR 50m
Commerz Real said on Thursday that it has acquired an office property in Munich for an investment volume of EUR 50 mln. The building was completed in 2004 and is earmarked for the company's hausInvest europa open-ended real estate fund. The seller was not disclosed.
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PropertyEU Archive
Catella appoints new CEO for Amplion Asset Management
Property services firm Catella Property Group is strengthening the group's asset management services with the appointment of Timo Nurminen as CEO of Amplion Asset Management.
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PropertyEU Archive
Colliers: 'Heathrow the most expensive warehouse space in the world'
London's Heathrow submarket is the most expensive warehouse space in the world, property services firm Colliers International said on Friday in the latest Global Industrial report. Prices in London's submarket have reached the $26.92 per sq ft per year (£13.50 per sq ft per year), according to Colliers' research.
