Latest reports – Page 3522
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PropertyEU Archive
PropertyEU at the ICSC Europe conference
PropertyEU is reporting live from the International Council of Shopping Centres European annual conference being held at the RAI convention centre in Amsterdam this week. PropertyEU's coverage will include news reports and Web TV interviews with industry leaders. You can keep in touch with events at the three-day conference via ...
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PropertyEU Archive
Raven Russia pre-leases 50% of Moscow warehouse’s 3rd phase
AIM-listed, Guernsey-based property investor Raven Russia has announced the pre-leasing of 50% of the third phase of its 200,000 m[sup]2[/sup] warehouse development at Istra, Moscow. Preliminary agreements have been signed to let 25,658 m[sup]2[/sup] of the total 50,000 m[sup]2[/sup] to Seacon Logistics for a seven-year term at a higher-than-expected rent. ...
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News
Pension funds eyed for regional infrastructure
UK - Pension funds could be targeted for investment in a £1bn (€1.25bn) UK regional fund, set up to invest in small-scale and transport infrastructure projects.
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News
NZ scotches CPPIB airport deal
NEW ZEALAND - Canada Pension Plan Investment Board (CPPIB)’s long-running attempts to acquire a stake in Auckland International Airport (AIAL) collapsed last week after the New Zealand government refused to approve its application under the Overseas Investment Act.
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News
Sponda goes to the docks
FINLAND - Finnish property firm Sponda has agreed a €12m deal with the Port of Helsinki to build a harbour service centre at Vuosaari.
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News
INREV plans Asian expansion
EUROPE - The European Association for Investors in Non-listed Real Estate Vehicles (INREV) is to expand into unlisted Asian property.
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News
Direct property is a winner for SPOV
NETHERLANDS - Direct property was the best returning asset class of the €2.4bn pension fund for public transport SPOV in 2007, generating a return of 11.4%.
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PropertyEU Archive
Erinaceous goes into administration
Erinaceous has called in administrators after the struggling listed UK property services group failed to reach a refinancing agreement with its creditors.
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PropertyEU Archive
M&B resumes talks with Punch Taverns
Pub chain Mitchells & Butlers (M&B) confirmed on Monday it is in talks with Punch Taverns to acquire its 869 Spirit-managed pubs. The pub group also said that three private equity firms are studying the acquisition of a minority stake in the company. The investors are Permira, Bain Capital and ...
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PropertyEU Archive
Grosvenor announces record profits in 2007
Grosvenor has announced 2007 pre-tax profits of £524 mln (EUR 657mln), an increase of 3% on 2006. The total return of 14.4% represented a drop of 1.1% on the previous year. Total assets under management increased by 17% to £ 12.9 bn (EUR 16.2 bn) while balance sheet net asset ...
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PropertyEU Archive
Alrov to develop luxury hotel in London's Regent Street
Tel Aviv-listed Alrov Group is to develop a 160-bed, five-star hotel at the Cafe Royal block on the southern end of Regent Street in Central London. The group, controlled by Israeli real estate businessman Alfred Akirov, signed a 125-year lease for Cafe Royal with The Crown Estate on Sunday.
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PropertyEU Archive
Shamil Bank raises EUR 57m for Turkish real estate
Bahrain-based Shamil Bank has announced that it has met its investment target of $90mln (EUR 57mln) for a Shariah compliant fund targeting Turkey's property market. The Shamil Bosphorous Modaraba is projected to provide investment returns of 60% over three years. Investments will focus on residential and mixed-use real estate developments ...
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PropertyEU Archive
Stam buys French office-industrial portfolio for EUR 64m
Stam Europe has bought the Mosaique 5 real estate portfolio for € 64 mln from SCPIs (French UCITs) managed by UFG REM. The portfolio comprises a total of 55,000 m[sup]2[/sup] of office, light industrial and warehouse space located in the Paris region and other major French cities.
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PropertyEU Archive
Barratt 'to sell commercial property arm'
UK-based housebuilder Barratt is expected to place its commercial property development division up for sale, according to a report from the Financial Times. The sale of Wilson Bowden Developments for a projected £250mln (EUR 313mln) would help offset the debt incurred on the £2.2bn (EUR 2.75bn) purchase of Wilson Bowden ...
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PropertyEU Archive
MWB defers sale of property units
UK property company MWB Group said it is postponing the sale of its hotel, retail and office units because of the 'current economic climate'. The group said the credit crunch makes the disposal 'less likely to be achieved at prices reflecting the current financial success and strong brand values'. It ...
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PropertyEU Archive
King Sturge opens new offices in Spain
Property adviser King Sturge is strengthening its presence in the Spanish market with the addition of new offices in Seville and Malaga. In both cities, King Sturge will offer consultancy services in the land, investment, agency and project management sectors.
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PropertyEU Archive
Italian property returns up 8% in 2007 - IPD
IPD said its Italian Property Index showed a total return of 9.2% for 2007, an increase of 8.0% compared to the previous year and the second-highest rise in the history of the index. Property far outperformed the bond and equities markets in 2007, which returned 2.0% and -4.7% respectively.
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PropertyEU Archive
RREEF acquires office property in City of London
A fund operated by RREEF, the property arm of Deutsche Bank, has acquired the 'Equitable House' office in the City of London for approximately EUR 40mln from the British financial and insurance company Prudential. The transaction reflects a net yield of 6.7%.
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PropertyEU Archive
JLL cautions Scotland on energy performance certs
Property adviser Jones Lang LaSalle (JLL) has warned that the introduction of Energy Performance Certificates (EPC) in Scotland next January could be highly problematic. From that date all commercial buildings over 50 m[sup]2[/sup] will be required to have an EPC when they are let or sold. For new buildings the ...
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PropertyEU Archive
Brioschi's Milanofiori Nord sale collapses
Italian property company Brioschi Sviluppo Immobiliare said on Monday that the sale of its Milanofiori Nord project to Polis Fondi Immobiliari has fallen through due to changed conditions in the real estate market. Brioschi and its minority partner in the project, Bastogi, had agreed in December to sell Milanofiori Nord ...
