Latest reports – Page 3473
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PropertyEU Archive
C&W to manage Bulgaria's largest shopping centre
Bulgarian developer Interservice Uzunovi has appointed the Athens office of C&W to manage Mall Varna, Bulgaria's largest shopping centre which opened last month. Mall Varna, located in the city of Varna on Bulgaria's Black Sea coast, offers 33,000 m[sup]2[/sup] of commercial space, including more than 100 retail stores plus food ...
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PropertyEU Archive
Dolphin appoints Kempinski to manage Greek golf resort
AIM-listed Dolphin Capital Investors (DCI) has appointed Kempinski Hotels, Europe's oldest luxury hotel group, to manage the Lavender Bay Golf Resort near Volos. The new project, which is scheduled to open in 2011, is expected to be among the first integrated leisure resorts of this kind to be launched in ...
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PropertyEU Archive
Corio acquires new shopping centre project in Turkey
Dutch property group Corio has acquired Iskenderun, a 55,000 m[sup]2[/sup] shopping centre project located in the Southern Turkish city of Iskenderun-Hatay. The shopping mall, which is being developed by construction firms Yayla Group and Kalyoncu, was bought for EUR 116mln, reflecting a net initial yield of 8%. In a statement, ...
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PropertyEU Archive
Open Investments buys Hotel Novoslobodskaya in Moscow
JSC Hotel Novoslobodskaya, a fully-owned subsidiary of Russian real estate firm Open Investments (OPIN), has raised its stake in Moscow's Hotel Novoslobodskaya from 69% to 100%. The property, which is located in Moscow's city centre, was sold at an auction organised by the City Government for an undisclosed amount. The ...
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PropertyEU Archive
Conwert sees value in redevelopment projects in Vienna
Vienna-listed property firm Conwert Immobilien Invest expects to complete 232 new loft apartments with roughly 19,000 m[sup]2[/sup] of usable space in Vienna by the end of 2009. The company said it will create a valuable addition to the housing supply in the capital by redeveloping older properties. According to the ...
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PropertyEU Archive
LAP launches new retail JV with Bank of Scotland
Listed retail property investor London & Associated Properties (LAP) announced on Tuesday that it has signed a new £74mln joint venture with the Bank of Scotland Corporate to acquire quality shopping investments across the UK where the initial yield is set to be above the cost of capital.
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PropertyEU Archive
Savills: crunch spreads to Europe and Asia
International property services company, Savills, said the effect of the credit squeeze on property was spreading across Europe and even into Asia, in its trading update for the half year ended 30 June 2008 published on Tuesday. The update showed business in the UK and US Commercial Capital Markets was ...
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PropertyEU Archive
C&W: Moscow ranks 2nd in European office take-up by law firms
European office take-up by law firms was a total of 164,000 m[sup]2[/sup] over the six months to March 2008, according to the latest EMEA Legal Business Briefing of global real estate consultant C&W. This figure is up 3% up on the previous half year, and compares favourably with the 7% ...
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PropertyEU Archive
Sponda purchase Moscow office property for $185m
Finnish real estate investor Sponda has purchased the Ducat II office property located in the centre of Moscow for $185 mln (EUR 118 mln) from LR Ducat Holding. In a statement, the company said it aims to achieve a net yield of more than 9 % on the asset. The ...
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PropertyEU Archive
OVG deliver Gouda office to Centric IT Solutions
Dutch developer OVG Projectontwikkeling said on Monday it has delivered a new head office in Gouda, the Netherlands to the IT company Centric. The property, which was constructed in less than 18 months, ranks among the Netherlands' ten most sustainable buildings, having reached a score of 203 in the Greencalc ...
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PropertyEU Archive
Sol Melia to open new hotel in Austria's highest building
Spanish hotel chain Sol Melia said on Monday it is set to start construction of ME Vienna, a new hotel that will be located at the 60-floor DC Tower 1 in the Donau-City district of the Austrian capital. At 220 metres, the skyscraper will be Austria's highest structure, Sol Melia ...
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PropertyEU Archive
Commerz Real shops in France
German investor Commerz Real has acquired the Cap Sud office property in Montrouge, southwest of Paris, from German property company IVG Immobilien for EUR 80mln. This new seven-storey building is earmarked for Commerz Real's hausInvest europa fund. Completed in March 2008, it has a gross lettable area of 12,454 m2, ...
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PropertyEU Archive
Aberdeen fund acquires two office buildings in Copenhagen
Aberdeen Property Fund Denmark has acquired two office buildings in Copenhagen for a total of DKK 263mln (EUR 35mln) from a company owned by the Centerplan group.
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PropertyEU Archive
High Court rejects UBS counterclaim against HSH Nordbank
London's High Court of Justice has rejected UBS's counterclaim against HSH Nordbank in relation to losses suffered on the North Street 2002-4 Collateralized Debt Obligations (CDOs). HSH Nordbank launched a $500mln claim against UBS in February this year, making the Swiss bank the first financial institution to be sued by ...
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PropertyEU Archive
Atisreal: German investment volume down over 50% in H1
Some EUR 13.bn of commercial real estate investment deals took place in Germany in the first half of 2008, down 53% on the year-earlier period, according to the latest figures from consultant Atisreal. Portfolio sales accounted for some EUR 5.8bn or 45% of the total, a decline of 64% compared ...
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PropertyEU Archive
C&W: Paris and London defy banking sector slowdown
Paris and London both recorded increases in banking sector office take-up in the first quarter of 2008, defying the slowdown in the rest of Europe where take-up fell 6% compared with the last quarter of 2007 as the credit crunch continued to take its toll, according to the latest research ...
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PropertyEU Archive
Eurohypo board gives go-ahead to purchase of Essen Hyp
German bank Eurohypo said on Monday its board has given the green light to the acquisition of Hypothekenbank in Essen (Essen Hyp) from its parent company, Commerzbank, for an undisclosed amount. The bank said the decision represents 'a decisive step towards the merger of Essen Hyp and Eurohypo.' Commerzbank announced ...
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PropertyEU Archive
Savills: Lyon shows buoyant investment market
The office market in the French city of Lyon is set to remain the focus of investor interest, according to a new research report by international property services firm Savills. The investment market in Lyon, located in central-east France, is remarkably dynamic despite the difficult economic climate, Savills said.
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PropertyEU Archive
CBRE to manage Romerpassage in Mainz
Property consultant CB Richard Ellis has been appointed manager of the Romerpassage retail and office complex in Mainz by owned by Credit Suisse, CBRE said in a press release on Monday. The mall comprises around 17,000 m[sup]2[/sup] of retail, office and residential space.
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PropertyEU Archive
Statuto hires CBRE to sell Milan's San Donato site
Gruppo Statuto, the private company owned by Italian entrepreneur Giuseppe Statuto, has appointed CB Richard Ellis to market the sale of its San Donato site in Milan for an initial price of EUR 110mln, newspaper Il Sole 24 Ore reported on Monday.
