Latest reports – Page 3507
-
PropertyEU Archive
Goodman in CEE expansion drive
Australian listed property trust Goodman Group announced on Thursday that it plans to increase the pace of development of warehouses in Hungary, Czech Republic, Romania and Slovakia. The expansion in the area will be led from Goodman's CEE head office in Budapest, it added. With robust economic growth, strong consumer ...
-
PropertyEU Archive
Deutsche Postbank to sell EUR 1bn portfolio
Deutsche Postbank is selling the bulk of its real estate, worth some EUR 700 - 800mln, in a sale-and-leaseback deal which would replicate the move announced by its owner, Deutsche Post, in April. Deutsche Postbank has hired investment bank Morgan Stanley to sell the Victor portfolio consisting of ...
-
PropertyEU Archive
VIB Vermogen acquires five properties
German real estate portfolio manager VIB Vermogen has purchased five properties in southern Germany for its real estate portfolio. The properties have a total investment volume of EUR 22.7mln and will be built on the 84,900m[sup]2[/sup] land VIB acquired in the first quarter of 2008. The company said the logistic ...
-
PropertyEU Archive
Sjaelso buys 25,000 m[sup]2[/sup] office building in Solna
Danish property company Sjaelso Gruppen has acquired a 25,000 m[sup]2[/sup] office building in Solna, in the outskirts of Stockholm, for SEK 290mln (EUR 31mln) from Swedish property company Vasakronan. The deal also includes a 50,000 m[sup]2[/sup] land plot which Sjaelso, in partnership with the Solna municipality, will transform into a ...
-
PropertyEU Archive
Raven Russia pre-lets 100% of logistics development in Moscow
AIM-listed warehouse property company Raven Russia has pre-let the balance of its 55,000m[sup]2[/sup] warehouse development with EGL in Moscow to global logistics operator Nippon Express. The company said it had agreed to let a further 24,130m[sup]2[/sup] for a seven-year term at a rent ahead of expectations. The building to the ...
-
PropertyEU Archive
Epra charts divergence in RE corporate governance
Corporate Governance standards among listed property companies diverge widely across Europe, according to new study published by the European Public Real Estate Association (Epra) on Wednesday.
-
PropertyEU Archive
Guardian Managers acquires another office asset in Warsaw
Guardian Managers has purchased the Batory Office Complex in Warsaw on behalf of the Guardian New Europe Emerging Cities Fund. The deal includes the existing Batory Office Building I, which is fully let on long-term leases and the Batory Office Building II which is currently under construction. Jones Lang LaSalle ...
-
PropertyEU Archive
Sainsbury's beefs up its real estate division
UK retail group Sainsbury's has strengthened its real estate team after carrying out £2bn of asset management transactions since March 2007. The bulk of the activity relates to joint ventures with Land Securities and British Land, the UK's two largest real estate investment trusts.
-
PropertyEU Archive
Fonciere des Regions sells to France Telecom
Leading French property company Fonciere des Regions has signed an agreement with its largest tenant, France Telecom, regarding the sale and lease of some 155 properties in France.
-
PropertyEU Archive
Dynamique buys 100th French hotel
Dynamique Hotels, the hotel investment company created by CB Richard Ellis Investors, said on Wednesday that it has acquired the Balladins de Sarcelles hotel in Sarcelles, in the northern outskirts of Paris, for an undisclosed amount. The property is 100th hotel acquired by Dynamique Hotels since the company was created ...
-
PropertyEU Archive
Icade boosts its healthcare portfolio
French property developer Icade has acquired two healthcare assets in Nantes for EUR 73mln from nursing home operator Vedici. The company bought the Polyclinique de l'Atlantique in Saint Herblain, France's leading maternity clinic with total capacity of 269 ...
-
PropertyEU Archive
Land Securities partners with Lindner Group
UK REIT Land Securities has announced the formation of a partnership between its Trillium property outsourcing business and German property company Lindner Group to drive Trillium's expansion into the German Public Private Partnership (PPP) market.
-
PropertyEU Archive
Redevco Belgium acquires prime retail unit in Antwerp
Redevco Belgium has reached an agreement to acquire a 1,665m[sup]2[/sup] retail unit from the local authority in Antwerp. Folllowing the deal Redevco will own the entire 12,100m[sup]2[/sup] building at Meir, Antwerp's main shopping street in the commercial heart of the city. The property is fully let to the Inno Galeria ...
-
PropertyEU Archive
CAT Cargo lease 2,000m[sup]2[/sup] at Vievis in Lithuania
CAT Cargo Logistics have agreed to lease 2,000m[sup]2[/sup] of space in the Vievis Logistics Centre in Vievis, Lithuania. The centre includes 19,000m[sup]2[/sup] warehousing space and some 900m[sup]2[/sup]. Vievis opened in late 2007 and RIMI Lietuva and Girtekos Logistika also lease premises there.
-
PropertyEU Archive
Positive outlook for Spain's market - King Sturge
The commercial property market in Spain continues to be attractive although a lack of transparency and high-quality office space continue to remain obstacles according to a report released by property consultants King Sturge. Booming retail growth is expected to slow although it will continue to outperform over the next five ...
-
PropertyEU Archive
Sponda to invest EUR 200m in Tampere mall
Finnish real estate company Sponda plans to invest up to EUR 200mln in the development of Ratina shopping centre in Tampere. The company said it has bought a plot of land from the city of Tampere for the development of the centre, whose construction is due to start this year. ...
-
PropertyEU Archive
DIC Asset posts strong Q1 results
Frankfurt-based DIC Asset has posted total revenues of EUR 39.1mln for the first quarter of the 2008 financial year. The figure represents an increase of EUR 21.8mln on the same period last year. Operating profits also increased from EUR 9mln in the first quarter of 2007 to EUR 10.2mln in ...
-
PropertyEU Archive
Standard Life forward funds Polish retail park
Helical Poland, a unit of UK real estate group Helical Bar, has entered into a forward funding agreement with Standard Life for its latest retail development in Opole, Poland. Standard Life has agreed to provide EUR 70mln of equity for the construction of the Turawa retail park, located 40km to ...
-
PropertyEU Archive
HHR Euro acquires Crowne Plaza Amsterdam
HHR Euro has acquired Crowne Plaza Amsterdam City Centre hotel for EUR 72mln in the third significant hotel deal in the Dutch capital in the space of a few days. Jones Lang LaSalle Hotels acted for the vendor, a joint venture between private investors (owning 83%) and Intercontinental Hotel Group ...
-
PropertyEU Archive
LSR Group to build EUR 181m project in Moscow
Real estate developer LSR Group's subsidiary ZAO Mosstroirekonstruktsiya has entered into a contract to acquire plots of land totalling 1.8 hectares at Leningradskoye Shosse in Moscow for an undisclosed amount. The plots were valued by DTZ at EUR 68mln, LSR said in a statement. The company plans to build a ...
