Latest reports – Page 3482
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PropertyEU Archive
KanAm US-grundinvest fund books 6.3% return
Germany's open-ended KanAm US-grundinvest Fonds posted a total return of 6.3% in the 2007/2008 fiscal period, its fifth anniversary year, the company said on Tuesday. After an extended period of limited activity, the north American property market again offered a string of opportunities, as reflected in the seven acquisitions the ...
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PropertyEU Archive
Nanette finds partner for Budapest development
London-listed residential property developer Nanette said it has sold 50% of its stake in the special purpose vehicle Taltoring that acquired a 151,000 m[sup]2[/sup] plot of land in Budapest last April. The land is currently designated for military use but Taltoring is working to have the zoning changed to allow ...
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PropertyEU Archive
Eurosic buys office complex in Boulogne-Billancourt
French listed property investment firm Eurosic said on Tuesday that it has signed an agreement to acquire an office project in the Trapeze district of Boulogne-Billancourt. The development is being acquired from Nexity Entreprises for around EUR 60mln.
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PropertyEU Archive
Jelmoli settles dispute over failed EUR 2bn sale
Swiss retail group Jelmoli has reached a settlement with the Israeli-UK consortium of investors which pulled out of the EUR 2bn deal to buy 88 Jelmoli department stores last year. Jelmoli said that consortium member Delek Blenheim Group will pay Jelmoli CHF 21.5mln (EUR 13.2mln) as final settlement of all ...
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PropertyEU Archive
Gazeley expands into Eastern Europe
Logistics space provider Gazeley, which was recently acquired by Dubai World, has appointed Tomasz Oczkowski as country manager for Poland and plans to open a new office in Warsaw at the beginning of July in a move to strengthen its position in the fast-growing Central and Eastern European market.
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PropertyEU Archive
TK Development takes full control of CEE operations
Danish property company TK Development has taken full control of its activities in Central and Eastern Europe by acquiring the 10% it did not already own in Euro Mall Holdings. TK Development paid DKK 96mln (EUR 13mln) to the Investment Fund for Central and Eastern Europe for the stake in ...
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PropertyEU Archive
Prologis leases 19,600 m[sup]2[/sup] to electronics wholesaler in Slovakia
Denver-based Prologis said on Tuesday it has leased 19,600 m[sup]2[/sup] of warehouse space to electronics distributor-wholesaler NAY Elektrodom in Slovakia. NAY Elektrodom will occupy a new premises under construction at Prologis Park Bratislava, a distribution facility being developed 24 kilometres northeast of Bratislava. NAY Elektrodom plans to use the facility ...
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PropertyEU Archive
Morley, DTZ regional fund completes first acquisition
UK asset manager Morley and DTZ Asset Management have completed the first acquisition for their French Regional Property Fund, Hexagone. The new investment vehicle has acquired Sapphire, a portfolio of six French regional properties for EUR 84mln from a private fund. At the same time, the fund has been approved ...
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PropertyEU Archive
Skanska to develop Malmo police station
Swedish construction and real estate group Skanska is to develop and build a new 16,000 m[sup]2[/sup] police station in Toftanas in northeastern Malmo, Sweden. Skanska's investment in the project amounts to about SEK 300mln (EUR 32mln).
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PropertyEU Archive
Uplace to create city-within-a-city in Brussels
Uplace, a new real estate company, said its launch project will involve the redevelopment of a derelict post-industrial site in Machelen, at the Vilvoorde viaduct of the Brussels beltway. Company founder Bart Verhaeghe said the project will create a city-within-a-city in the Belgian capital that will bring the Brussels-North region ...
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PropertyEU Archive
C&W to advise publisher on Warsaw move
Global real estate consultant Cushman & Wakefield has won a tender to become the exclusive advisor for publishing company G+J Gruner+Jahr Polska, part of á leading European publishing group, in the relocation and renegotiation of its office lease.
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PropertyEU Archive
Curzon/AEW Golf Day goes virtual
Real estate investment manager Curzon/AEW Europe has announced that it is transforming this year's installment of its annual Golf Day into an online auction.
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PropertyEU Archive
LB Immo acquires Budapest office
Hamburg-based property investor LB Immo has acquired an office building in in Budaörs, Hungary, for an undisclosed amount. Cushman & Wakefield advised the company on this off-market acquisition. The vendor is hmh Holding, an international developer.
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PropertyEU Archive
Omnium Finance buys 49.9% of Uffi AM and Laforet
French investor Omnium Finance is buying a 49.9% stake in property companies Uffi Asset management and Laforet Immobilier. The remaining 50.1% stake is being retained by the two companies' shareholding group led by Michel K. Moubayed.
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PropertyEU Archive
Modus invests EUR 127m in retail assets
Manchester-based retail real estate firm Modus Properties has acquired a portfolio of retail properties worth more than £100mln (EUR 127 mln). Bank of Ireland funded the deal, but further details of the transaction were not disclosed.
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PropertyEU Archive
DTZ to manage Tulipan House office building in Warsaw
Tulipan House, part of the Segro Group, has appointed DTZ in Poland to provide property management services for the Tulipan House office building in Warsaw. The scheme, which offers 17,800 m[sup]2[/sup] of modern office space over four levels, is situated in a proven business centre in Mokotow. According to ...
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PropertyEU Archive
Irish Life acquires Brussels property from Herpain-Urbis
Herpain Urbis acquired the Geneve 4 office scheme in Brussels from social services firm Securex before selling it to Irish Life Assurance a short time later for an undisclosed sum. CBRE advised Irish Life on this transaction. Herpain Urbis is the property development firm formed from the merger of Herpain ...
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PropertyEU Archive
Cofinimmo shares admitted to Euronext Paris
Belgian real estate company Cofinimmo announced on Monday that its shares have been admitted to trading on Euronext Paris. The investor in office, pub and nursing home properties has been listed on the stock exchange in Brussels (now Euronext Brussels) since 1993 and has a current market capitalisation of EUR ...
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PropertyEU Archive
JC Flowers nears 20% stake in Hypo RE
US buyout firm JC Flowers has said that it has received offers from shareholders to tender almost 20% of the share capital of German bank Hypo Real Estate. The New York-based company held 18.54% of Hypo RE on 20 June.
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PropertyEU Archive
BPT Hansa sets up German HQ for Wartsila
Danish investor Baltic Property Trust (BPT) and German property company bauwo Grundstucks have agreed to develop an extension to the headquarters of Wartsila Deutschland. The German company is part of the listed Finnish Wartsila Corporation, which focuses on the marine and energy markets.
