Latest reports – Page 3521
-
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 ...
-
PropertyEU Archive
Bristol Alliance reaches 85% let milestone at Cabot Circus
Land Securities and Hammerson, the Alliance partners responsible for developing the UK's largest regeneration scheme, Cabot Circus in Bristol, said that they have secured lease agreements with another eight retailers at the city centre retail and leisure destination. The latest signings bring the scheme to 85% let ahead of its ...
-
PropertyEU Archive
Russian hotel firm enters Europe
Central European Hotel Investment (CEHI), a company owned by the Russian investor Alexander Klyachin, has acquired European operator Austrian Hotel Company (AHC) for an undisclosed amount. The deal marks the entry of the Russian firm into Europe. AHC owns twenty three-four star hotels with 1,875 rooms located in 17 cities ...
-
PropertyEU Archive
Thematic centres set to increase in Western Europe
Refurbishment and redevelopment of outdated shopping centre stock is set to increase in importance in Western Europe in tandem with the falling population in the region, according to Menno Maas, CEO of ING Real Estate Development. Maas, who was speaking on Wednesday at the ICSC Europe conference in Amsterdam, illustrated ...
-
PropertyEU Archive
Cordea Savills to launch EUR 1bn Turkish opportunity fund
European real estate fund manager Cordea Savills said on Wednesday that it plans to launch a EUR 1bn Turkish opportunity fund. The Cordea Savills Turkish Property Ventures Fund will be a Luxembourg FCP vehicle with a planned life of five years. The fund will seek returns of 20% per annum ...
-
PropertyEU Archive
German investment turnover falls 29% in Q1, Artisreal
A total of EUR 8.58bn was invested in Germany in the first quarter of 2008. This represents a fall of 29% on the equivalent period last year, property consultant Atisreal said in its latest research published on Wednesday. Of this figure, portfolio sales accounted for EUR 4.98 bn (58 %) ...
-
PropertyEU Archive
Hilton teams up with London & Regional in Russian hotel development venture
Global hotel chain Hilton has entered into a franchise agreement with ZAO Russkaya Kompaniya Razvitiya, a wholly-owned subsidiary of London & Regional group, to introduce the Doubletree by Hilton hotel product in Russia. This agreement forms part of a Strategic Development Alliance with the UK developer which is expected to ...
-
PropertyEU Archive
German property returns continue to improve: IPD
IPD said on Wednesday that its German Annual Property Index showed an All property total return of 4.5% for 2007, a 3.2% jump on last year's 1.3% return. Property outperformed Bonds in 2007, which returned 2.5%, but underperformed Equities which returned 22.3%. In 2007 the income return on All Property ...
-
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. ...
-
PropertyEU Archive
UK property returns continue to improve: IPD
IPD said that its UK Monthly Index showed a total return of -0.8% month-on-month in March 2008, a very slight improvement on the -1.0% month-on-month return seen in February and continuing the upward trend since the -3.7% return seen in December. Capital values fell by 1.3% in March after a ...
-
PropertyEU Archive
White Estate 'buys part of Corio office portfolio'
Amsterdam-based private investor White Estate has reportedly acquired part of the office and business space portfolio put up for sale by listed Dutch property company Corio. Market sources say that the transaction price for the deal which was signed last week was in the region of EUR 350mln. This indicates ...
-
PropertyEU Archive
AMB acquires 15,329 m[sup]2[/sup] distribution centre at London Heathrow
AMB Property Europe, the European arm of NYSE-listed AMB Property Corporation, has raised its UK profile through the purchase of AMB North Heathrow Distribution Center 1 from an unnamed UK institution. The 15,329 m[sup]2[/sup] centre is fully leased to Deutsche Post. The centre is located just over three kilometres north ...
-
PropertyEU Archive
Risanamento gets EUR 150m loan from Intesa Sanpaolo
Italian property company Risanamento said on Tuesday it has reached an agreement with bank Intesa Sanpaolo regarding a EUR 150mln credit facility. In a statement, the company said it expects the agreement to be signed in the next few days.
-
PropertyEU Archive
Pirelli RE postpones business plan to 2H 2008
Italian real estate company Pirelli Real Estate has postponed the announcement of its three-year business plan to the second half of 2008 because of uncertainty in the market. 'Trusting that a clearer picture will emerge in the second half of the year allowing better guidance, the new board of directors ...
-
PropertyEU Archive
Jelmoli reports record 2007 earnings
Jelmoli Group posted a record net profit of CHF 920.8 mln (EUR 581.75 mln) in 2007, up nearly 412% on the previous year, thanks to a one-off gain from the disposal of home furniture wholesaler Dipl. Ing. Fust and a strong operational performance. Operating profit for the year amounted to ...
-
PropertyEU Archive
C&W designated leasing agent for office property in Katowice
Global real estate consultant Cushman & Wakefield has been appointed the leasing agent for the Francuska Office Centre in Katowice, Poland. Warsaw-listed Globe Trade Centre is the investor and developer of the two Class A city-centre office buildings. Total office space will be 21,500 m[sup]2[/sup]. The first building is scheduled ...
-
PropertyEU Archive
Ian Sutcliffe to head UK property at Segro
Segro, the flexible business space real estate investment trust, announced on Tuesday that Ian Sutcliffe is to be appointed managing director of the group's UK Property division. Sutcliffe is also joining Segro's board. He stepped down as chief executive of the UK arm of house builder Taylor Wimpey at the ...
-
PropertyEU Archive
Zlote Tarasy wins 'Retail Destination of the Year'
Warsaw's Zlote Tarasy shopping centre, developed by ING Real Estate, was named 'Retail Destination of the Year' at the annual World Retail Congress in Barcelona last week.
-
PropertyEU Archive
Shift in Czech luxury residential market - Ceres
Rising demand and a lack of supply are creating a wealth of investment opportunities in the high-end residential market in Prague and the Czech regional markets, according to Prague-based Ceres Group, a global provider of services for international investors in the luxury residential market. Ceres held a press briefing on ...
-
PropertyEU Archive
Tesco agrees third sale-and-leaseback deal
UK retail giant Tesco gave information on Tuesday of a £207mln (EUR 257mln) sale-and-leaseback deal with Prupim, the property arm of UK insurer Prudential. The news came during the during the presentation of Tesco's preliminary results.
