Latest reports – Page 3508
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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 ...
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PropertyEU Archive
Orco to begin construction on flagship Zlota 44 project
Orco Property Group has announced that it has received the final building permit for its flagship Polish residential project Zlota 44, and that construction can begin immediately. The 192-metre high tower was designed by renowned Polish-born architect Daniel Libeskind. Located in central Warsaw the luxury apartment building boasts sustainable technology, ...
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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 ...
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PropertyEU Archive
Land Securities sells Turnstile House for EUR 55m
UK real estate giant Land Securities has completed the sale of Turnstile House in London for £43.5mln (EUR 55mln) to the international serviced residence group Ascott. The 7,750 m[sup]2[/sup] building is currently leased to Ascott, which operates it as a 192-bed serviced residence, trading as Citadines London Holborn-Covent Garden. The ...
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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 ...
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News
Austrian property outperforms, despite sector fall
AUSTRIA - Austrian real estate returns outperformed both equities and bonds in 2007, despite a decline in retail – the best performing sector.
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News
Sponda sticks with Russia despite Finnish optimism
RUSSIA – Sponda’s chief executive Kari Inkinen said the Finnish property firm was on course for its planned Russian expansion despite a fall in interim profits from the same period last year.
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News
Pirelli punts on Euro-property fund
EUROPE - Pirelli Real Estate is targeting international pension funds with an opportunistic pan-European property fund it plans to launch early next year.
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News
UK residential ready for institutions
UK - The UK residential market is ready for pension fund investors despite being fragmented and dominated by amateur property managers, according to property firm Nice.
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News
Market, not credit, deters UK buyers
UK - Property investors are willing to borrow given the right terms, but they’re still not convinced the UK market is cheap enough to buy in, according to Jones Lang LaSalle.
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PropertyEU Archive
Vacancy rate in Warsaw office market reaches record low
The vacancy rate in the Warsaw office market reached a record low of 2.4% in the first quarter of 2008, according to figures released by the Warsaw Research Forum, a group of six real estate market research and analysis specialists. The highest vacancy rate, 5.6%, was seen in the city ...
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PropertyEU Archive
Transimmeubles sells to HSBC
French development company Transimmeubles has announced the sale to HSBC Life Insurance of its Latitude Saint Georges office located in the ninth arrondissement of Paris. The financial details of this transaction were not disclosed. Together with Carval Investors, Transimmeubles completely refurbished the property which provides 2,350 m[sup]2[/sup] of space. The ...
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PropertyEU Archive
Skanska Q1 revenues up 18% to EUR 3.4b
Swedish construction group Skanska booked an 18% increase in revenue to SEK 31.5bn (EUR 3.4bn) in its first quarter report for 2008. The rise in revenue from construction follows an earlier announcement that operating income for the group amounted to SEK 1.08bn. This figure included a gain of SEK 643mln ...
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PropertyEU Archive
Gazeley builds 16,000 m[sup]2[/sup] logistics center for Zufall
German logistics and transportation company Zufall has signed a contract with logistics developer Gazeley to build a warehouse in Fulda, about 100km north-east of Frankfurt/Main. The new scheme will be built on a 27,800 m[sup]2[/sup] plot of land and will consist of 16,128 m[sup]2[/sup] of logistics space and about 660 ...
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PropertyEU Archive
Catella RE acquires portfiolio in Kiel
Global property consultant Catella Real Estate has acquired a commercial real estate portfolio in Kiel in the German state of Schleswig-Holstein for around EUR 27mln. The seller is a holding company controlled by a joint venture between Morgan Stanley's real estate funds MSREF and Pirelli Real Estate. The acquisition is ...
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PropertyEU Archive
Invesco RE buys into Spanish logistics
The real estate unit of investment management Invesco has acquired a logistics complex in Quer, 50km north of Madrid from Spanish energy giant Iberdrola for EUR 24.5mln. The property provides 29,000 of logistics space and is let to US management consulting services Conway on a longterm lease. The acquisition is ...
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PropertyEU Archive
HSH provides £122m financing for new Rothschild HQ
German lender HSH Nordbank said it has arranged and underwritten a £122mln (EUR 152mln) loan facility for the development of European investment bank Rothschild's new London headquarters.
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PropertyEU Archive
Skanska sells Stockholm office to AFA for SEK 495m
Swedish construction company Skanska said it has sold a 10,500 m[sup]2[/sup] office building in the Lindhagensterrassen area of Stockholm for SEK 495mln (EUR53mln) to health insurer AFA Sjukforsakringsaktiebolga in a deal that gives Skanska a capital gain of SEK 160mln. The building, whose tenants include transport company Storstockhoms Lokaltrafik, the ...
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PropertyEU Archive
Beni Stabili closes jv deal in Milan
A joint venture of Italian office-focused property firm Beni Stabili and construction company Greenway Costruzioni has completed the purchase of a 17,000 m[sup]2[/sup] plot of land in Milan for EUR 23mln. The acquisition was initially announced in February when Beni Stabili and Greenway Costruzioni said they were launching the new ...
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PropertyEU Archive
Skanska sells two Swedish office properties for EUR 80m
Swedish construction company Skanska said it has sold two office properties in Sweden for a total price of SEK 745mln (EUR 80mln) and a combined capital gain of SEK 265mln that will be recorded in the second quarter of 2008.
