Latest reports – Page 3520
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PropertyEU Archive
Park Plaza to operate 20 Russian hotels
Hotel operator Park Plaza Hotels (PPH) said its wholly-owned unit, Park Plaza Hotels Europe (PPHE), has signed 20-year management contracts with Russian developer Ferens Management for the operation of up to 20 new hotels in Russia. PPHE will also help identify and plan the new hotels. Ferens is owned by ...
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PropertyEU Archive
Germany's major office markets have good first quarter
The six largest office markets in Germany recorded a strong first quarter in 2008, according to a new report published on Wednesday by Colliers PropertyPartners. Take-up in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich and Stuttgart rose by about 6.6% to 698,800 m2, compared to the previous quarter. Munich was the strongest ...
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PropertyEU Archive
Land Securities mulls sale of EUR 372m Bullring stake
UK REIT Land Securities confirmed it is considering the sale of its 33% stake in the Bullring shopping centre in Birmingham. The sale of one-third of the 120,000 m[sup]2[/sup] landmark shopping centre in Britain's second city is expected to attract bids of more than £300mln (EUR 372mln).
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PropertyEU Archive
Ukraine and Russia top retailers' list of emerging markets
India, Ukraine, Russia and Malaysia are the most popular emerging markets for international retailers, according to a new survey by CB Richard Ellis on global emerging markets. International clothing retailers are most active in Ukraine, the survey found, with Russia in third place after Malaysia. Ukraine was the second favourite ...
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PropertyEU Archive
PropertyEU survey of retail pipeline in Europe
PropertyEU asked leading developers about their committed retail pipeline in Europe. Here are the results:
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PropertyEU Archive
Instanbul, Ankara to face oversupply of retail stock by 2010
Turkey's largest cities will face oversupply of retail space by 2010, according to Koray Ozgul, managing director of retail investor and developer Corio. Ozgul, who was speaking at the ICSC Europe conference in Amsterdam, said that a total 2.5 million m[sup]2[/sup] of shopping centre space will be added to the ...
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PropertyEU Archive
Shopping centre industry will see limited impact from credit crunch
The impact of the credit crunch will be more limited on the shopping centre industry compared to other real estate asset classes, according to Guillaume Poitrinal, CEO of Unibail-Rodamco. ‘A number of factors will mitigate the impact of the credit crunch, such as the visibility of the cash flow in ...
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PropertyEU Archive
ICSC Europe announces winners of the 2008 European Shopping Centre Awards
The International Council of Shopping Centers Europe (ICSC Europe) announced the winners of the 2008 European Shopping Centre Awards on Thursday. Shopping malls from Austria, Belgium, Germany, the Netherlands, Poland, Switzerland, UK and, for the first time Latvia, picked up a total of 11 awards in the categories of Small ...
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PropertyEU Archive
Trigranit looking for co-development partners for large projects
Hungarian developer Trigranit says it is looking for co-development partners in large-scale inner-city projects to offset the risks caused by the turmoil in the financial markets. 'Trigranit is growing very fast but we also have to take into account the financial turmoil in the market. Therefore when we are looking ...
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PropertyEU Archive
Retail pilot study launched for Europe-wide certification
The first pilot project aimed at facilitating the introduction of the BRE Environmental Assessment Method (BREEAM) for European retail property will be launched in July this year, according to Clare Lowe, principal consultant for BRE Global. The pilot project will run for 12 months and will be reviewed in July ...
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PropertyEU Archive
UK rental growth to slow in 2008/9 - JLL
Property advisor Jones Lang LaSalle said in a new research report on Thursday that it is now clear rental growth will be weaker in 2008/9, with the extent of the slowdown defined by the impact on occupier demand. The UK commercial property market continues to feel the impact of nervous ...
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PropertyEU Archive
IEF Capital completes EUR 741m retail acquisition
IEF Capital and other unnamed buyers have completed the acquisition of part of Rodamco Europe's Dutch high-street retail portfolio for EUR 741mln.
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PropertyEU Archive
Cross-border retail investment rises to 50%
The European shopping centre sector attracted EUR 25.7bn worth of investment in 2006, according to Rene Tremblay, chairman of the International Council of Shopping Centers (ICSC) and president and CEO of Canadian shopping centre developer and manager Ivanhoe Cambridge. Cross-border investment accounted for half of that figure, he added.
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PropertyEU Archive
Martifer to invest EUR 800m in Portuguese resort
Portugal's Martifer Group plans to invest up to EUR 800mln in the development of the Costa do Sal resort in Vagos, Northern Portugal. The Portuguese company wil develop a five-start hotel, a shopping centre, 500 apartments, and two golf courses in an area of 400 hectares. The project is carried ...
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PropertyEU Archive
Schroder Property acquires logistics centre in Milan
Schroder Property Investment Managers said on Wednesday that one of its funds has signed a purchase agreement for a 65,000 m[sup]2[/sup] logistics site located in Santa Cristina, about 40 kilometres south of Milan.
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PropertyEU Archive
Orco unveils new project in Prague
Central European investor and developer Orco said on Wednesday that it has received the occupancy permit for the first phase of its Palace Archa scheme in the centre of Prague. Palace Archa is in the former SOB bank building situated in downtown Prague.
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PropertyEU Archive
Norwegian Property disposes of non-core asset in Oslo
Norwegian Property has entered into an agreement for the sale of Okernveien 9 at Toyen, Oslo. The gross property value is NOK 215 mln (EUR 27 mln). The buyer DTZ Realkapital Corporate Finance will syndicate the property to a consortium of investors. Confirmed satisfactory financing is condition precedent to closing. ...
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PropertyEU Archive
ICSC to respond to new energy performance proposals
The European Commission has invited the European branch of the International Council of Shopping Centers (ICSC) to respond to new proposals for the Energy Performance Building Directive (EPBD) by the end of this year. Speaking on the first day of the ICSC Europe conference in Amsterdam on Wednesday, Stina Soewarta, ...
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PropertyEU Archive
Dublin office market healthy despite economic clouds, CBRE
Occupier activity in the Dublin office market remains healthy, irrespective of economic conditions or funding issues, according to property consultants CBRE. The latest research by the company found that over 45,000m[sup]2[/sup] of letting activity was signed in Q1 2008 which is 10% higher than the five-year average for Q1. The ...
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PropertyEU Archive
Encore + to acquire retail park in Metz
LaSalle Investment Management and Morley Fund Management announced that its European open-end flagship fund Encore+ has signed an agreement to acquire Metzanine, a new generation retail park on the outskirts of the city of Metz, France for an undisclosed sum. MAB Bouwfonds, the developers of the 18,137 m[sup]2[/sup] site was ...
