Latest reports – Page 3517
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PropertyEU Archive
Russia signs EUR 49m finance facility for Russian logistics plant
AIM-listed Raven Russia said that is has signed a EUR 49mln construction facility agreement with German bank HSH Nordbank. The facility will be used to finance the first phase comprising some 110,000 m[sup]2[/sup] of the 275,000 m[sup]2[/sup] Noginsk logistics project in Eastern Moscow.
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PropertyEU Archive
Generali, Pirelli RE mull stake in new MPS property unit
Italy's Generali Group and Pirelli Real Estate are interested in purchasing a stake in a new property company that Italian bank Monte Paschi di Siena (MPS) is setting up to manage its real estate portfolio, Italian news agency ANSA reported, without quoting sources.
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News
FSP outsources residential admin
DENMARK - Finanssektorens Pensionskasse, the Danish pension scheme for financial sector workers, has outsourced the administration of its Danish residential properties and leases to Dan-Ejendomme.
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PropertyEU Archive
Sonae Sierra's Freccia Rossa opens its doors in Italy
Sonae Sierra, AIG Global Real Estate Investment Corp and Coimpredil inaugurated the Freccia Rossa shopping and leisure centre in Brescia, Italy, on Tuesday. With a Gross Lettable Area (GLA) of 29,700 m2, Freccia Rossa represents a total investment of EUR 144 mln and is owned by a joint venture of ...
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PropertyEU Archive
Morgan Stanley's EurAsia fund raises EUR 250m
Morgan Stanley Real Estate Investment said on Tuesday that its EurAsia institutional property fund has raised more than EUR 250mln of equity in less than a year and expects to raise a further EUR 250mln during the third quarter of 2008. After reaching its first closing in the fourth quarter ...
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PropertyEU Archive
Morley, DTZ AM launch new French regional property fund
Morley and Paris-based DTZ Asset Management have announced the launch of Hexagone, a fund specialising in French regional real estate, to capitalise on investor demand for stable and high-quality French regional property.
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PropertyEU Archive
Banks mull action to acquire up to 30% of Colonial
Spanish banks Caja de Ahorros y Pensiones de Barcelona (La Caixa) and Banco Popolar said on Tuesday in a statement to the Spanish securities watchdog CNMV that they are still in talks with Inmobiliaria Colonial's core shareholders, Luis Portillo and Luis Nozaleda, to acquire a stake in the debt-laden company ...
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PropertyEU Archive
Land Securities get go-ahead for Old Bailey 'donut'
UK real estate investment trust Land Securities has received planning consent from the City of London's Planning and Transportation Committee to develop a property near the Old Bailey court complex in the British capital.
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PropertyEU Archive
Wragge & Co commits to Birmingham’s largest ever pre-let
Ireland's Ballymore Properties has concluded the pre-letting of approximately 250,000 sq ft (76,200 m2) of office accommodation to UK law firm Wragge & Co at Two Snowhill, the second office building at its 1 million sq ft mixed-use Snowhill development. The deal represents the largest ever pre-let in Birmingham’s city ...
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PropertyEU Archive
Metrovacesa leases 10,200 m[sup]2[/sup] in 1Q 2008
Spanish property giant Metrovacesa said on Tuesday that its shopping centre business has signed 37 new leasing contracts with first-class operators during the first quarter of the year. In total, Metrovacesa has rented 10,200 m[sup]2[/sup] of gross shopping centre space, which will boost annual rents by close to EUR 3 ...
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PropertyEU Archive
Bulgarian Land moves into commercial property
AIM-listed developer Bulgarian Land Development has made its first move into the commercial property sector with the purchase of an office building in Sofia. Until now the company has focused on development and investment in the residential sector.
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PropertyEU Archive
Generali to launch property unit in September 2008
Italian insurance giant Generali said it has approved the creation of Generali Immobiliare, a new company that will develop and coordinate the real estate activities for the entire group worth approximately EUR 23bn. All the Generali real estate divisions located in the countries where the group operates will report to ...
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PropertyEU Archive
Banks take control of three units of Erinaceous
A vehicle controlled by creditors of struggling UK property services group Erinaceous has acquired three of the company's businesses, the joint administrators have announced.
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PropertyEU Archive
IVG Funds acquires Milan office development
IVG Institutional Funds has acquired the new office development Edificio J in Milan for EUR 27mln from a Milanese developer. Savills acted for the vendor.
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PropertyEU Archive
Stenham UK3 fund secures its first investment
Global property fund manager Stenham said its Third UK Property Fund has made its first investment with the purchase of a one-third stake in a Grade A office building in London. The landmark property, located at 1 Victoria Street, Westminster, in London, is let to the First Secretary of State, ...
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PropertyEU Archive
PIK acquires major development site in Moscow
Russian residential developer PIK Group announced that the purchase of 11.35 hectares in Chertanovo, in the south of Moscow. The London-listed company said it plans to develop over 75,000 m[sup]2[/sup] of residential housing, the remainder to be assigned for the underlying infrastructure, including schools and a kindergarten. The location has ...
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PropertyEU Archive
Mercialys Q1 2008 revenues up +16.6%
Listed French commercial real estate company Mercialys has reported an increase of 16.6% in rental revenue in its first quarter figures compared to same period in 2007. The company said rental revenues grew to EUR 28.1mln at the end-March 2008. First quarter invoiced rents were also up 16.6% compared with ...
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PropertyEU Archive
IGD set to become first Italian SIIQ
Italian listed retail property company Immobiliare Grande Distribuzione (IGD) said it has decided to elect for the tax-efficient SIIQ status with retroactive effect to January 1, 2008. Opting for SIIQ status 'will result in the exemption of income from rental activities for the purposes of IRES (corporate income tax) and ...
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News
UK calls in green experts as EC targets shoppers
UK - The UK government is to examine existing buildings as part of a 'greening' agenda dominated to date by concerns over new-build standards.
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News
European retail needs 'further distinction'
EUROPE - Investors need to replace the distinction between Western and Eastern European real estate markets with one between mature and maturing Europe, ING Real Estate Development CEO Menno Maas said last week.
