Latest reports – Page 3480
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PropertyEU Archive
Pirelli RE swaps land for 34% stake in Warsaw project
Italian property company Pirelli Re said it has exercised an option on 720,000 m[sup]2[/sup] of buildable land in the Polish capital Warsaw, which it will contribute to an urban development initiative. Pirelli has a 34% stake in the project.
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PropertyEU Archive
Fortis Bank sells two buildings for EUR 94m
Belgian property group Befimmo said it has acquired two buildings in Belgium from Fortis Bank for an overall purchase price of EUR 94mln.
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PropertyEU Archive
Deka buys Polish office and commercial building for EUR 106m
Property fund manager Deka-ImmobilienFonds, part of Germany's DekaBank, said it has made its first investment in the Polish market, the acquisition of a commercial and office building in Wroclaw. The property, known as Bema Plaza, was acquired for the open-ended public fund Deka Immobilien for about EUR 106mln from Belgian ...
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PropertyEU Archive
Prologis pumps another EUR 42m into private equity fund
Prologis European Properties said on Wednesday it has invested a further EUR 42 mln in Prologis European Properties Fund II (PEPF II), a private equity fund set up to acquire assets from the company's development pipeline in Europe and conforming assets from third parties.
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PropertyEU Archive
Risanamento may consider Limitless offer for Falck site
Italian real estate developer Risanamento may look at an offer made by the Arab fund Limitless for its vast redevelopment of the Falck steel factory in Sesto San Giovanni, near Milan, Italian newspaper Il Sole 24 Ore reported on Thursday. The area has a book value of some EUR 300mln, ...
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PropertyEU Archive
Invista sees assets under management dip by EUR 630m
UK-based property investment manager Invista Real Estate said in a trading update that its assets under management fell by £500 mln (EUR 631mln) to £8.2bn in the five months to end-May, due to continuing investment outflows and the devaluation of the underlying property assets. The company said outflows from open-ended ...
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PropertyEU Archive
Fabege lets 4,200 m[sup]2[/sup] to government agency in Stockholm
Swedish property company Fabege said on Wednesday it has let about 4,200 m[sup]2[/sup] of its Getingen 15 property in central Stockholm to the Swedish Schools Inspectorate, a new government agency set to start operations in October. The lease runs for four years and the annual rental value is about SEK ...
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PropertyEU Archive
Acciona develops eco-offices in Zaragoza
Spanish property company Acciona Inmobiliaria said on Thursday it plans to develop the Oficinas Plaza, a new sustainable office complex in the Plaza de Zaragoza logistics park in Zaragoza, Spain. The scheme, which will provide 10,700 m[sup]2[/sup] of office space, will include solar panels covering an area of 120 m[sup]2[/sup]. ...
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PropertyEU Archive
Decline in Spanish home sales slows to 7.1% in April
Spanish house sales fell by 7.1% in April to 55,802 units compared with the previous year, according to government figures released on Wednesday by the National Statistics Institute (INE). The drop follows a decline of almost 40% in March, 24% in February and 27% in January.
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PropertyEU Archive
Segro sells Slough retail park for EUR 116m
UK-based logistics property player Segro said on Thursday it had completed the sale of the Bath Road Retail Park in the town of Slough to The Crown Estate for £92 mln (EUR 116 mln). The deal covers 18,068 m[sup]2[/sup] of A1 retail space and 626 parking spaces and reflects an ...
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PropertyEU Archive
IHG to open two new hotels in Istanbul
InterContinental Hotels Group (IHG) said on Thursday it had signed a deal with Turkish property investor ORA Istanbul Real Estate Investment and Development to open two new hotels in Istanbul, one of which will be Turkey's first Holiday Inn Express. The deal will take the total number of IHG hotels ...
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PropertyEU Archive
Castellum invests over EUR 100m in Swedish properties
Swedish property developer Castellum said on Thursday that a number of its subsidiaries had invested a total of SEK 768 mln (EUR 81.6 mln) in commercial properties and committed to new construction, extensions and refurbishment estimated at SEK 182 mln (EUR 19.4 mln).
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PropertyEU Archive
Eurohypo: covered bonds may be solution to CMBS collapse
Covered Bonds may be the solution to the lack of available financing for real estate as a result of the collapse in demand for asset-backed securities and commercial mortgage-backed securities (CMBS) in particular, German lender Eurohypo has said.
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PropertyEU Archive
Deka buys EUR 53m office building in Florida
Deka Immobilien, the property investment arm of Germany's DekaBank, said on Wednesday it has acquired the BAC Colonnade office building in Coral Gables, Florida, for around $83mln (EUR 53mln) from Crescent, a subsidiary of Morgan Stanley. The purchase does not include the adjacent 157-bed hotel which is part of the ...
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PropertyEU Archive
AMB completes Barajas logistics park in Madrid
AMB Property Europe, a subsidiary of AMB Property Corporation, celebrated the opening this week of the AMB - Barajas logistics park located just 500 metres from Madrid International Airport.
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PropertyEU Archive
Clerestory: equal terms essential as opp funds proliferate
The proliferation of private opportunity funds in the US and Europe targeting distressed property amid the fallout from the credit crunch is increasing pressure on managers to accept 'special terms' from investors, according to New York-based fund of funds manager Clerestory Capital Partners. 'This issue needs to be more widely ...
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PropertyEU Archive
ING RE acquires Czech retail park from Multi
ING Real Estate said on Wednesday that it has acquired a newly-built retail park in the Czech city of Pilsen, about 90 km west of Prague, for around EUR 16mln from the developer Multi. The property is earmarked for ING RE's Property Fund Central Europe.
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News
Experts question potential for Asian property
ASIA -The credit crunch and rising inflation have caused the real estate industry to question whether the rapid economic growth of Asia and double digit returns of its property markets can be sustained.
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News
RREEF sees three-year path to US market low
UNITED STATES – RREEF, the real estate investment giant, is predicting the US residential market still has a substantial way to go before reaching its lowest point.
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News
Washington State sinks $1.2bn into real estate and infrastructure
UNITED STATES - Washington State Investment Board is putting $1.2bn (€770.7bn) into a combination of real estate and infrastructure investments, and taking advantage of the need for debt liquidity in the market.
