Latest reports – Page 3497
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PropertyEU Archive
Norwegian Property stops Norgani talks; unveils rights issue
Norwegian Property (NPRO) said on Monday its board of directors has decided to cease negotiations with the consortium of unnamed buyers regarding the sale of Norgani Hotels. In a statement, NPRO said it plans to maintain ownership of Norgani but added it will continue to investigate disposal possibilities as the ...
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PropertyEU Archive
Meinl to change name to Atrium European Real Estate
Austrian-listed developer Meinl European Land (MEL) said its board has proposed to change the company's name to Atrium European Real Estate, following a EUR 800mln buyout in March by Israeli property company Gazit-Globe and US investor CPI Capital Partners Europe. The new name is conditional upon regulatory and shareholder approval ...
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PropertyEU Archive
SandpiperCI sells hospitality unit
SandpiperCI, the company resulting from the £401mln takeover last year of CI Traders by Sandpiper, said on Monday that it has exchanged contracts with LGV Capital to sell its hospitality division for an undisclosed amount.
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PropertyEU Archive
McArthurglen, Inter Ikea Centre join forces in Poland
Shopping centre developer and manager Inter Ikea Centre Group is teaming up with designer outlet specialist McArthurGlen in a joint venture aimed at builidng a McArthurGlen-branded designer outlet village in the Targowek area of Warsaw, Poland. This is the first project to be carried out by the partnership, Mc ArthurGlen ...
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PropertyEU Archive
Plaza Centers to develop Polish shopping centre
Emerging markets developer Plaza Centers has acquired a 17,000 m[sup]2[/sup] site in Leszno, Poland, for the development of a major new shopping and entertainment centre. This is the second acquisition by Plaza in the country since the company listed its shares on the Warsaw Stock Exchange in October last year.
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PropertyEU Archive
Nordics focus on asset management
Real estate owners in the Nordic region are increasingly focusing on asset management to boost the performance of their buildings now that a sustained period of yield compression and capital values increases has ended.
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PropertyEU Archive
Ferrovial clinches EUR10b debt refinancing deal for BAA
Spanish construction group Ferrovial said on Monday it has received bank approval to restructure the debt of its British subsidiary, the airports operator BAA.
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PropertyEU Archive
Colliers launches regional sustainability initiative
Property services firm Colliers International said on Monday it has launched RISE, a Regional Initiative for Sustainability and the Environment, and appointed Erin Inglish to the post of Regional Sustainability Advisor. RISE will serve as a platform for the introduction and integration of sustainability into the company's daily operations, consulting ...
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PropertyEU Archive
AffiParis acquires Tour Bercy for EUR44m
French property investment firm AffiParis has acquired the Tour Bercy in Paris for EUR 44mln from Affine, its largest shareholder. The building is located on the banks of the river Seine on a major thoroughfare very close to the Gare de Lyon train station.
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News
Investors pull back from emerging markets
GLOBAL - Investors are pulling back from emerging markets as the credit crunch dents both global transaction volumes and occupancy.
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News
Vietnam gains ground in global rent rise
VIETNAM - Ho Chi Minh City has seen the world’s fastest office rent rises in the 12 months to March, with occupancy costs rising 94%, according to CBRE’s Global Market Rents survey.
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News
Asian retail is 'sound'
ASIA - ING Real Estate has described the Asian retail market as “fundamentally sound” and announced the acquisition of 80% stakes in two Korean hypermarket developments, in a joint venture with an unnamed local insurance firm.
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News
Germans abandon bricks for unlisted funds
GERMANY - Cross-border investment in German real estate is pushing German pension fund investors to abandon bricks and mortar for unlisted funds, according to INREV.
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News
Smaller funds need to be more active - NAEV
EUROPE – Smaller pension funds may need to be more active in their handling of real estate assets than larger pension funds, suggests evidence presented at the recent IPE Real Estate Forum.
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PropertyEU Archive
Trigranit begins work on EUR 510m development in Romania
Hungarian Developer Trigranit said the cornerstone has been laid for a major mixed-use development in Cluj Napoca, Romania. The development, known as Cartierul Tineretului, will see the creation of a new residential district in Cluj Napoca on a 230-hectare site.
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PropertyEU Archive
SPDE receives planning approval for Fornebu project
Norwegian listed property company Scandinavian Property Development (SPDE) said its Fornebu Senter shopping centre development in Norway has received planning approval from the Bærum Municipal Council, paving the way for the draft of the development plan for the 24,000 m[sup]2[/sup] centre. SPDE said it expects to start construction of the ...
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PropertyEU Archive
Spanish developers call for action on housing crisis
Spanish real estate developers have called on the government to take financial measures to combat the downturn in the housing sector. Jose Manuel Galindo, president of Madrid's real estate developer association Asprima, told news agency Europa Press that the Spanish government should help guarantee stable economic growth in the country.
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PropertyEU Archive
Cofinimmo secures tenant for 75% of Brussels building
Belgian listed property company Cofinimmo said it has secured an information technology company as a tenant for 75% of the total building space in its Woluwe 102 office building in Brussels. Cofinimmo said it had signed a nine-year lease with the tenant for the space in the building, which is ...
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PropertyEU Archive
DTZ: Balkan logistics on the rise
Real estate consultant DTZ said in a research note on Thursday that the Balkans are set to become a key logistics hub in the trade between Western Europe and Asia. The firm said businesses and investors alike appear keen to take advantage of emerging opportunities, noting that the 25 EU ...
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PropertyEU Archive
Swedwood completes EUR 135m complex in Portugal
Swedwood Group, Ikea's wholly-owned industrial unit, inaugurated its first industrial complex on the Iberian peninsula on Friday. The project in Paços de Ferreira in northern Portugal involves an investment of more than EUR 135mln and has created around 550 jobs.
