Latest reports – Page 3486
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PropertyEU Archive
Electro-Stocks lets 1,000 m[sup]2[/sup] of office space in Barcelona
Spanish industrial machinery and equipment company Electro-Stocks has agreed to lease about 1,000 m[sup]2[/sup] of space in the ATO building in Barcelona's Zona Franca district.
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PropertyEU Archive
ING RE appoints country managers for Hungary, Czech Republic
ING Real Estate has appointed Pal Baross and Bohumil Mach as country managers for Hungary and the Czech Republic respectively.
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PropertyEU Archive
Hochtief wins FM contract for Mercedes-Benz plant
Hochtief Facility Management has won a contract to provide technical facility management for a Mercedes-Banz plant in Bremen, northern Germany. The value of the contract was not disclosed.
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PropertyEU Archive
Italease receives 15 offers for EUR 500m portfolio
Shares in Banca Italease, Italy's leasing services and financial bank, rose as much as 4.54% to EUR 6.9 per share in early trading on Tuesday on speculation that the company received more than 15 offers for the real estate portfolio it is putting up for sale. According to market rumours, ...
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PropertyEU Archive
Sponda issues EUR 130m hybrid bond
Finnish listed property group Sponda has issued a EUR 130m hybrid bond to Finnish institutional investors to improve the company's equity ratio. Sponda said earlier that the long-term target was an equity ratio of 33% and that it would strengthen its solidity during 2008.
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PropertyEU Archive
Colliers appointed leasing agent to Mall of Montenegro
Developmer Gintasmont has appointed Colliers as the exclusive leasing agent for the Mall of Montenegro project in the Montenegrin capital Podgorica. Gintasmont is a sister company of Gintas Group from Turkey.
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PropertyEU Archive
JLL: German investors biggest foreign players in UK
German investors were the biggest foreign players in the UK in the first five months of 2008, accounting for EUR 878mln or 19% of the EUR 4.5bn total transaction volume in the country, according to new research by property consultant Jones Lang LaSalle. Among the biggest investors were Pramerica, Deka, ...
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PropertyEU Archive
JLL buys US tenant rep for EUR 464m
Global property adviser Jones Lang LaSalle (JLL) is set to expand its business significantly with the acquisition of Dallas-based peer The Staubach Company in a deal worth $727mln (EUR 464mln). The Staubach Company was founded by former Dallas Cowboys football star Roger Staubach in 1977 and now employs 1,600 staff ...
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PropertyEU Archive
RICS France president to head C&W valuation team
Philippe Guillem, president of RICS France, has joined Cushman & Wakefield as partner and managing director of its valuation team in France. He will work closely with senior adviser Paul Waroquiers. Guillem, 50, was head of CBRE Valuation International before becoming president of RICS France in 2006.
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PropertyEU Archive
Deka strikes again in London with EUR 100m buy
Deka Immobilien, the property arm of Germany's Deka Bank, has acquired the Old Jewry office and retail building in London's financial district for around £80mln (EUR 101.4mln). The nine-storey building was developed by Standard Life Investments and delivered in February. It will be integrated into Deka's European fund Deka-ImmobilienEuropa.
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PropertyEU Archive
Afirma shares rise by 30% on hopes of debt refinancing
Shares in Afirma, the Spanish property company formerly known as Astroc, soared by as much as 30% to EUR 1.73 on Tuesday on hopes the company would successfully refinance EUR 667mln worth of debt this month. The rise compounds share price gains of over 50% by Afirma on Monday. In ...
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PropertyEU Archive
Zublin Development to build 'dancing towers' in Hamburg
Zublin Development, a subsidiary of Austrian builder Strabag, is to build two office towers and a building housing a hotel in Hamburg's St Pauli district. The 40,000 m[sup]2[/sup] project was acquired from a joint venture formed by Pirelli Real Estate and Morgan Stanley Real Estate. It will have an investment ...
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PropertyEU Archive
Europa Capital raises EUR 750m for investment programme
Europa Capital announced on Tuesday that it has received EUR 750mln of equity capital commitments for two new investment funds. The injection will give London-based Europa Capital in excess of EUR 2.5bn in spending power for its European property investment programme.
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PropertyEU Archive
Tishman Speyer sells Dusseldorf asset to VastNed
Property developer and investor Tishman Speyer has sold a 7,400 m[sup]2[/sup] office building in Dusseldorf to Dutch real estate fund VastNed for an undisclosed amount. The building, located in the Kennedydamm business district between the city centre and the airport, is fully let to insurer Victoria Versicherungen.
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PropertyEU Archive
WP Carey to open Amsterdam office
International financing and investment firm WP Carey announced plans on Tuesday to open a second European office in Amsterdam to establish a European base for the management of its growing European property portfolio. The existing London-based team will continue to focus on the investment side of the firm's European business. ...
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PropertyEU Archive
Jelmoli says spin-off plan progressing well
Swiss retailer Jelmoli said on Tuesday it has made 'significant progress' in implementing a strategic plan that will result in the group being split into separate listed real estate and investment firms. The strategic plan was drawn up following the collapse late last year of a EUR 2bn sale-and-leaseback of ...
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PropertyEU Archive
Citigroup: more consolidation expected in French market
France's SIIC 4 legislation introducing a requirement for shareholders to own a maximum of 60% in SIICs from January 2009 is expected to trigger merger and acqusition activity in the country and pave the way for further consolidation in the French real estate sector, according to a new research report ...
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PropertyEU Archive
Milan hotel and office sector to get boost from Expo 2015
Milan’s chamber of commerce expects more than 200 new hotels, with more than 24,000 rooms between them, will be built to house visitors to the Universal Exposition in 2015.
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PropertyEU Archive
Demand for out-of-town retail space in Spain persists: Savills
Spain is set to see a sustained level of demand for out-of-town retail space due to the expanding retail warehousing concept, according to a report by property consultant Savills.
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PropertyEU Archive
Klepierre secures new loan of EUR 750m
Klepierre, the French shopping centre and office property group, has raised bank financing of EUR 700mln which will primarily be used to repay a EUR 600 bond with 6.125% coupon interest that matures on 10 July.
