Latest reports – Page 3475
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PropertyEU Archive
Equable Properties buys Askon assets from Irish developer
Equable Properties said on Thursday it has signed a conditional agreement to acquire three property companies from private Irish developer Peter McCann in a reverse takeover for a total sum of £4.5mln (EUR 5.7mln).
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PropertyEU Archive
Sponda sells hotel property in centre of Helsinki for EUR 42m
Finnish real estate investor Sponda signed a binding agreement on Thursday to sell a hotel asset in the centre of Helsinki to a real estate equity fund managed by Exilion Capital for approximately EUR 42mln.
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PropertyEU Archive
Schneider Electric signs up as first tenant for Q Park Kazan
Energy management specialist Schneider Electric has signed up as the first tenant for the Q Park Kazan warehouse complex near Kazan in Russia, brokerage firm Cushman & Wakefield Stiles & Riabokobylko said on Thursday.
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PropertyEU Archive
Unicredit restructures real estate business
Italian financial group UniCredit (UCG) is pooling its real estate activities in a central unit which will be responsible for the group-wide real estate strategy. The new organisation will coordinate the management of more than 10,000 Unicredit buildings across 23 countries.
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PropertyEU Archive
Prologis opens new C&A logistics centre in Slovakia
Logistics developer Prologis said on Friday that retailer C&A and logistics firm Jobstl have kicked off the relocation of C&A's eastern European distribution operations to ProLogis Park Nove Mesto in Slovakia. C&A's new, 24,000-m[sup]2[/sup] distribution centre will provide warehousing and distribution for 120 the firm's stores across Slovakia as well ...
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PropertyEU Archive
Gecina buys Khapa building from Hines fund for EUR 157m
French property company Gecina has completed the acquisition from Hines European Development Fund of the 19,612 m[sup]2[/sup] Khapa office and retail building at the former Renault sites in Boulogne-Billancourt, in Paris' western crescent, for EUR 157mln.
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PropertyEU Archive
GE RE sets up new European investment management arm
GE Real Estate said on Thursday it had appointed Thierry Leleu as the European head of its newly set up global investment management operations. Leleu will work closely with both Joe Parsons, president and CEO of GE Real Estate Global Investment Management, and Olivier Piani, president and CEO GE Real ...
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PropertyEU Archive
Estavis sells two portfolios for EUR 61m
German company Estavis has sold two large real estate portfolios for a total price of EUR 61mln to a Swiss institutional asset management firm and a newly founded UK private fund. The sales will be included in the turnover and net income of the 2008/2009 financial year beginning on July ...
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PropertyEU Archive
Mark Preston new CEO of Grosvenor Group
Mark Preston has been appointed as the new chief executive of UK property group Grosvenor with effect from July 1, succeeding Jeremy Newsum who is stepping down after almost 20 years.
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PropertyEU Archive
Vasakronan sold to AP Fastigheter for EUR 4.3bn
The Swedish government has sold real estate firm Vasakronan to AP Fastigheter in a deal which values its assets at SEK 41.2bn (EUR 4.3bn), the company said on Thursday. The government intends to use the proceeds to pay off public debt.
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PropertyEU Archive
Segro sells office building in Warsaw to Commerz Real
UK REIT Segro has agreed the sale of Tulipan House in Warsaw to German investor Commerz Real for EUR 60mln. The transaction reflects an initial yield of 5.9% and encompasses 17,898 m[sup]2[/sup] of class 'A' office space. The property is earmarked for Commerz Real’s Hausinvest global fund.
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PropertyEU Archive
Metrovacesa incorporates Sacresa
Metrovacesa's shareholders approved a plan this week to merge the Spanish property company with its chairman's rental firm, Sacresa Terrenos 2. The move is the latest step in a deal agreed last year to end a year-long battle for control of the company between its main shareholding groups.
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PropertyEU Archive
Caltagirone-Generali consortium bids for MPS assets
A consortium of Roman entrepreneur Gaetano Caltagirona and insurance giant Generali has launched a non-binding offer for the 49% stake in the MPS real estate portfolio that the Italian financial group put up for sale last year. Italian paper Il Sole 24 Ore reported on Thursday that the MPS assets ...
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PropertyEU Archive
Major new waterside development for London
Wood Wharf Limited Partnership (WWLP), a joint venture formed in 2005 by British Waterways, Canary Wharf Group and Ballymore Properties, submitted an outline planning application to the London Borough of Tower Hamlets on Thursday for one of London's largest and most ambitious waterside developments.
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PropertyEU Archive
LaSalle-Morley fund completes acquisition at La Défense
LaSalle Investment Management and Morley Fund Management have announced the acquisition of three floors of the Tour Franklin at Paris's La Défense high-rise business district on behalf of their open-ended pan-European Encore+ fund.
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PropertyEU Archive
Niam-led consortium sells shopping centre in Finland
A consortium of investors led by private equity firm Niam has sold the Pasaati shopping centre in Finland to Kauppakeskuskiinteistot FEA, a fund managed by Aberdeen Property Investors Finland. The shopping mall was 30%-owned by Niam, with the remaining stake held by Goldman Sachs' Whitehall Real Estate Funds, Etera Mutual ...
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PropertyEU Archive
PIK acquires development site in Russia's Rostov region
Russian developer PIK Group said on Wednesday it has acquired a 61-hectare plot of land in the Rostov region which it intends to develop for residential and commercial purposes. The company expects to invest around $650mln (EUR 412mln) in the project, which will be completed by 2018.
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PropertyEU Archive
Constructa opens Lyon office
French property group Constructa is opening a new office in Lyon which will bring together its three business lines: management unit CAM, development subsidiary Constructa Promotion and property services unit Constructa Vente. The three companies will occupy the Carré Vendôme office in Lyon.
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PropertyEU Archive
Land Securities gets go-ahead for Northfleet Rise
UK property giant Land Securities has received approval from Gravesham Borough Council for its masterplan for Northfleet Rise, an area to the north of Ebbsfleet International station, part of Ebbsfleet Valley. The company said that outline planning permission for the development of the area around the station had been received ...
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PropertyEU Archive
Prologis expands space in Castel San Giovanni
Logistics space provider Prologis said on Thursday that it has acquired 25.707 m[sup]2[/sup] of distribution space within the Vailog Park in Castel San Giovanni, near Piacenza, from Italian developer and investor Realty Vailog. The investment amount was not disclosed.
