Latest reports – Page 3468
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PropertyEU Archive
XXI Century begins construction of Lviv project
London-listed XXI Century Investments has announced the receipt of a construction permit for its 88,4000 m[sup]2[/sup] mix-use project in the western Ukrainian city of Lviv. Demolition of the existing buildings on the land plot have been completed and the foundation works have begun.
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PropertyEU Archive
Credit Suisse buys office property in Austria for EUR 24.5m
Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft has acquired a 11,600 office building in Austria for EUR 24.5mln. The seller was San Diego-based Westcore Properties, which opened a European office in the Swiss city of Lausanne last year.
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PropertyEU Archive
Wichford completes rent reviews with Trillium
Wichford, the listed UK property company focused on buildings occupied by government bodies, has announced the completion of an agreement on new leasing conditions for 16 of its buildings. The agreement, first announced on 30 May, was reached with Land Securities Trillium, which acted on behalf of the tenants.
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News
Germans top poll of European property optimism
GERMANY - German investors have topped a three-market poll of European investor sentiment.
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News
‘Reform planning process or face blackout’
UK - Opposition to planning reforms threatens to squeeze private-sector investment out of UK infrastructure, according to employers’ body the Confederation of British Industry (CBI).
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News
Choose carefully, says SEB, after UK re-entry
UK/GERMANY - Investors are investing cautiously in UK logistics as they wait for the market to fall further, according to SEB, the German fund management arm of the Swedish bank.
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News
German firms hide risk in partial disclosure
GERMANY - Two-thirds of listed German property companies are more opaque – and therefore riskier – than their reports suggests.
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News
ING hires despite talent shortage
NETHERLANDS/ASIA - ING has appointed a regional veteran to head its Asian fund management operations against growing international competition for regional talent.
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PropertyEU Archive
DEPFA Bank opens up Warsaw branch
Depfa Bank, a Dublin-based subsidiary of Germany's Hypo Real Estate Group, said it has opened a branch office in Warsaw. The branch in the Polish capital is headed by Pawel Pilatkowski and has a total staff of five. Defra has had a Warsaw presence since 2005, when it ...
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PropertyEU Archive
Schmengler gets MD post at Deka Immobilien
Thomas Schmengler is to replace Gerhard Gminder as managing director of Deka Immobilien with responsibility for the group's global property purchases and sales on 1 September. Gminder is leaving the company voluntarily on 31 July 2008to follow other career options, Deka said.
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PropertyEU Archive
SEB acquires office property in Poland
SEB Asset Management Deutschland has acquired an office building in the Polish city of Lodz for its SEB ImmoPortfolio Target Return Fund mutual fund from the Polish subsidiary of Dutch-based electronics giant Philips. The parties agreed not to disclose the purchase price.
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PropertyEU Archive
Minerva gets share boost from Limitless offer
Minerva, the listed UK property development and investment company at the centre of takeover rumours for months, saw its shares rally to above 120p on Monday after the board confirmed it had received a proposal from Limitless amounting to 160p per share.
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PropertyEU Archive
Catella acquires Stockholm office building for EUR 30m
The Munich-based Catella Real Estate AG said that it has acquired a Stockholm office property for about EUR 30mln. The building was acquired from Swedish pension fund Alecta, and has been earmarked for the Focus Nordic Cities open-ended property fund.
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PropertyEU Archive
Commerz Real steps back into London office market
Germany's Commerz Real has returned to the UK property investment market as a buyer after an absence of more than two years with the acquisition of the Athene Place office building in London. The investment volume of EUR 124mln reflects a net initial yield of about 5.8%. Commerz Real, the ...
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PropertyEU Archive
Skanska sells land for SEK 117m in Warsaw
Swedish construction company Skanska has sold a 38,000m[sup]2[/sup] plot of land with building rights in Warsaw for SEK 117mln (EUR 12.3mln) to the Canadian investment fund, Capital Park. The deal, which represents a capital gain of SEK 94mln, will be reported in the third quarter. The land is located ...
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PropertyEU Archive
Spain's Martinsa Fadesa to file for administration
Spanish property company Martinsa Fadesa said on Monday it would file for administration after failing to raise funds and meet debt payments, marking one of the biggest corporate failures in the country's history, Reuters and Bloomberg reported.
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PropertyEU Archive
Meinl buyout gets the go-ahead from shareholders
An EUR 800mln investment by Israeli property company Gazit-Globe and US investor CPI Property Investors (CPI) in Austrian-listed property developer Meinl European Land (MEL) has been approved by Meinl shareholders in an extraordinary general meeting.
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PropertyEU Archive
Patrick Burgess to replace Robert Finch as chairman of Liberty International
UK real estate investment trust (REIT) Liberty International said Patrick Burgess would replace Sir Robert Finch as the chairman of its board, effective 31 July. Finch is stepping down after three years as chairman of the company, explaining in a statement that he now wanted to ...
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PropertyEU Archive
SEB AM re-enters UK market with EUR 63m acquisition
German asset manager SEB Asset Management said that it has taken advantage of favourable market conditions to re-enter the British market, acquiring a Grade A logistics property in West Moor Park in Doncaster for about EUR 63mln and indicating that it also sees good purchase opportunities in the London office ...
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PropertyEU Archive
Valad's German Fund leases 17,000 m[sup]2[/sup] in largest deal in Dusseldorf this year
Network communications firm Nokia Siemens Networks has signed a deal with the Valad German Aktiv fund, managed by the Valad Property Group, to take 17,000m[sup]2[/sup] of office, high tech and warehouse space in Dusseldorf. The joint venture company will move into Heltorfer Strasse 20 - 22, situated on a business ...
