Latest reports – Page 3488
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PropertyEU Archive
Chamartin set to enter Italy with 10 shopping centres
Chamartin, a property developer active in Spain, Portugal and Germany, is entering the Italian retail market with the launch of a new shopping centre unit, Chamartin SircoManagement Italial. The Italian subsidiary, a joint venture between Italian developer Sirco Real Estate and Chamartin, will be led by Fabrizio Lombardo Pijola, former ...
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PropertyEU Archive
Intesa Sanpaolo postpones Immit IPO
Italian bank Intesa Sanpaolo has postponed the Initial Public Offering of its real estate investment trust Immit due to the turbulence in the financial markets. Immit had hoped to raise up to EUR 1bn from the IPO on Milan's Stock Exchange, but last week announced an extension to the offering ...
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PropertyEU Archive
AMB starts first phase of Le Havre logistics development
AMB Property France, an affiliate of global developer and owner of industrial real estate AMB Property Corporation, has started development on 41,500 m[sup]2[/sup] of distribution space near the French port of Le Havre. AMB Le Havre Logistics Park is a two-building, multi-phase development located in the Le Havre submarket. The ...
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PropertyEU Archive
EIRE: Opportunities and risks in southern Italian mall investments
'Colossal opportunities exist for the development of shopping centres in southern Italy,' according to Pietro Malaspina, CEO of Sierra Development Italy. Malaspina was speaking at a conference held last Thursday at the fourth annual edition of Expo Italia Real Estate, the trade fair focused on real estate in Italy ...
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PropertyEU Archive
Hilton to open 30 new hotels in the UK
Hilton Hotels announced on Friday that it has signed a strategic alliance with HLH Property to develop up to 30 new hotels in the in the UK over the next five years. This is the Hilton group's third major UK hotel deal with a property partner since it declared the ...
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PropertyEU Archive
UK property returns still falling - IPD
The IPD's UK Monthly Property Index saw a total return of -0.7% month-on-month in May 2008, slightly lower than the -0.5% return in April, but still continuing the broadly upward trend since the -3.7% return in December 2007.
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PropertyEU Archive
Hermes RE sells EUR 184m of West End office space
UK property company Hermes Real Estate has exchanged contracts for the sale of the freehold interest in 3/5 Burlington Gardens, London W1, to UK and US-based property company EPIC for over £75mln (EUR 95mln). The deal - reflecting a net initial yield of just over 4% - follows Hermes' successful ...
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PropertyEU Archive
Vasakronan buys and sells from National Property Board
Swedish property company Vasakronan has purchased the Uggleborg 12 property located at Vasagatan in Stockholm from the Swedish National Property Board for SEK 1.3bn (EUR 138mln). Additionally, the company has sold four assets with a total floor space of 14,800 m2, to the National Property Board for a total SEK ...
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PropertyEU Archive
Emerging markets guru to speak at first MIPIM Horizons
Emerging markets investor Mark Mobius is to give a keynote address at the inaugural MIPIM Horizons conference being held in Cannes in December. Mobius, executive chairman of Templeton Asset Management, will talk on the topic 'emerging markets growth' on 3 December. In total, MIPIM Horizons will feature over 150 conferences ...
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PropertyEU Archive
Pantheon Plaza project in Greece 85% let
Portuguese shopping centre specialist Sonae Sierra and London-based Rockspring Property Investment Management have said that their Pantheon Plaza project in the central Greek town of Larissa is 85% let more than four months before the planned opening.
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PropertyEU Archive
Hypo RE finances EUR 44m Invesco hotel fund buy
Hypo Real Estate Bank International said on Thursday is had provided a EUR 44mln financing facility for investment manager Invesco's European Hotel Real Estate Fund's acquisition of the Patio hotel in Aberdeen, Scotland. The city centre hotel, which will be rebranded Hilton Doubletree Aberdeen, has 168 rooms, meeting space, three ...
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PropertyEU Archive
Fonciere des Regions sells at La Defense for EUR 126.5m
French property giant Fonciere des Regions (FDR) has sold a 18,300 m[sup]2[/sup] office complex at La Défense to French bank and insurance group Groupama for EUR 126.5mln, excluding costs. The sale is expected to be finalised in July 2008. The asset, located in the Michelet district of La Défense, is ...
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PropertyEU Archive
Union Investment backs green council's sustainable development pledge
Germany's Union Investment will take sustainability issues into account when making real estate investments, according to Reinhard Kutscher, chairman of Union Investment's board of directors. 'It is important that we anticipate future trends so that we can assimilate them into emerging standards, which in turn will impact on property valuations,' ...
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PropertyEU Archive
IVG Development pre-lets 4,500 m[sup]2[/sup] in Budapest
IVG Development has achieved a large-scale pre-letting on its Infopark Building E project. The Hungarian subsidiary of the IT-supplier for the airline and aviation industry, Lufthansa Systems, has agreed to lease 4,500 m[sup]2[/sup] of high-quality office space within the Infopark business park in Budapest. Lufthansa Systems Hungária Kft is already ...
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PropertyEU Archive
Gecina finalises Rexel logistics buy
Gecina said on Thursday it had finalised the acquisition of three logistics platforms from electrical equipment distributor Rexel Group, under the conditions laid down in an agreement signed in March of this year. The French logistics assets, located in Lyons , Nantes and Toulouse, have a total surface area of ...
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PropertyEU Archive
German state sells in Germany to Whitehall Funds for EUR 3.4b
Germany's largest state, North Rhine-Westphalia, has sold its residential property company Landesentwicklungsgesellschaft NRW (LEG) to Goldman Sachs' Whitehall Funds for about EUR 3.4bn, marking Germany's largest deal since the credit crunch erupted last summer.
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PropertyEU Archive
Capnexi OPCI buys French offices for EUR 105m
Nexity Reim and Natixis Capital Partners's new joint venture, Capnexi, has bought a 17,000 m[sup]2[/sup] portfolio consisting of three assets at Puteaux outside Paris from German pharmaceutical group Bayer for EUR 105mln. In a statement, the two partners said that Bayer will lease back two of the buildings, or about ...
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PropertyEU Archive
OVG to develop TNT's HQ in Hoofddorp
Dutch developer OVG signed an agreement with local government officials at the Provada real estate fair in Amsterdam this week that will see international courier and mail firm TNT to base its headquarters in the 'greenest' office building in the Netherlands. TNT will be the 'launching customer' for the 70,000 ...
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PropertyEU Archive
Catella opens office in Poland
Property adviser Catella Property Group has expanded its European network by establishing a new subsidiary in Warsaw. The office is located in the centre of the Polish capital and started its operation on 2 June 2008. Catella said the main reasons for establishing the office were the booming Polish commercial ...
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PropertyEU Archive
Amsterdam sets 2015 target for 100% green homes
The Amsterdam city council said on Thursday that all new homes built in the city will be climate neutral by the year 2015, five years sooner than the target set by the current Dutch government. The council said project developers now have the 'know-how and experience' to build climate neutral ...
