Latest reports – Page 3528
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PropertyEU Archive
Unite's student residential fund NAV dips 1.8% in Q1
UK property firm Unite Group said the estimated net asset value of its UNITE UK Student Accommodation Fund fell by 1.8% in the first quarter of 2008. The funds NAV stood at £1.002 on 31 March, down from GBP1.020 at end-2007.This valuation is the result of an independent valuation ...
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PropertyEU Archive
ECE to build Volga Mall in Russia
ECE Projektmanagement, the German inner-city shopping centre specialist, has announced it is to build a modern shopping centre, comprising 60,000 m[sup]2[/sup] of gross lettable area, in the Russian city of Togliatti in the.
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PropertyEU Archive
Grainger to acquire 85% of FranconoRheinMain
The German subsidiary of UK property company Grainger said on Thursday that it has received acceptances of its tender offer representing about 85% of the share capital of Frankfurt-listed residential property company FranconoRheinMain.
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PropertyEU Archive
STE to build 18,000m[sup]2[/sup] of office for Alstom
Societe de la Tour Eiffel (STE) is set to launch the first phase of its major redevelopment program on the existing Alstom facility in Massy to the southwest of Paris. The SIIC company will invest EUR 50 mln to build a new 18,000 m[sup]2[/sup] office building on the 18-hectare site. ...
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PropertyEU Archive
Jelmoli confirms Pelham takeover approach
Swiss retailer Jelmoli on Thursday confirmed it had received an initial approach by its majority shareholder Pelham Investments, which may or may not lead to a public offer. The statement came after media speculation that Pelham, the investment vehicle of Swiss billionaire Georg von Opel, was looking to make an ...
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PropertyEU Archive
European property indices dip into red in March
European real estate stocks moved into the red – on a composite level - for the first time in 2008, according to the GPR 250 Europe Index and the EPRA/NAREIT Europe Index. Global Property Research (GPR) reported an overall dip of 1.6% for European property stocks, adding that the ...
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PropertyEU Archive
Unibail-Rodamco opens refurbished Les Quatre Temps mall
Unibail-Rodamco celebrated the opening ceremony this week of new areas in Les Quatre Temps shopping centre at La Defense, near Paris. After four years of extensive refurbishment of the mall, the Dutch-French property group said 15,000 m[sup]2[/sup] of new retail space has been added to Les Quatre Temps, France's second ...
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PropertyEU Archive
Central London investment slumps to three-year low
The fall-out of the credit crunch continues to affect the Central London commercial property investment market, according to the latest investment market figures from global property consultant Cushman & Wakefield. Just £2.83bn (EUR 3.59bn) transactions took place during the first quarter of 2008, which is significantly down on the total ...
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PropertyEU Archive
Commerz Real acquires Berlin hotel project
German property investor Commerz Real has signed the deed for the InterCityHotel Berlin Airport project in Berlin. IVG Development, the project development division of German investor IVG was the vendor.
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PropertyEU Archive
Sonae Sierra launches EUR 300m shopping centre fund
Portugal's Sonae Sierra announced on Wednesday that it has launched its second shopping centre investment fund, Sierra Portugal Fund (SPF), with a total equity of EUR 300mln. The fund is seeded with eight Portuguese shopping centres, representing a total market value of over EUR 425mln. Sonae Sierra said the ...
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PropertyEU Archive
Degi slashes expectations for G-REIT
Degi has drastically reduced its forecast for the German real estate investment trust (G-REIT). Initially, it was considered reasonable that the tax-friendly vehicle introduced in 2007 would see market volumes of EUR 50-60bn. But in a new report, Degi- the German property investment fund manager owned by UK-listed Aberdeen Asset ...
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PropertyEU Archive
Trigranit invests in Moscow shopping centre project
Budapest-based Trigranit Development Corporation, announced on Wednesday that it is investing in the development of Mozaica Shopping Center in Moscow. The investment volume was not disclosed.
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PropertyEU Archive
Alstria reports 170% increase in revenues in 2007
Hamburg-based Alstria office REIT has reported a 170% increase in revenues to EUR 82.6mln in its financial results for 2007. The company statement said that as a result of the substantial growth in investment properties from EUR 1.29 bn to EUR 1.69 bn, revenues increased from EUR 30.1mln in 2006 ...
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PropertyEU Archive
Potential for Irish retail weakening - CBRE
CB Richard Ellis have cast doubt on further growth in the Irish retail market. 'Considering the quantum of retail accommodation that has been developed in Ireland in recent years and the fact that consumer spending is now slowing, the potential for strong rental growth in the Irish retail sector is ...
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PropertyEU Archive
Sonae Sierra, Caelum agree Parklake Plaza joint venture
Portuguese shopping centre firm Sonae Sierra and Caelum Development, a specialist retail developer in Eastern Europe have established a 50:50 joint venture for the development of Parklake Plaza in Bucharest. The project is one of Europe's biggest shopping centres with a total gross investment volume, excluding VAT, of some EUR ...
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PropertyEU Archive
Rise in foreign companies setting up HQs in Amsterdam
More international companies chose to locate their European headquarters in the Amsterdam area last year than in previous years, according to the latest office market report by property adviser Cushman & Wakefield. Some 94 foreign companies, up from 86 in 2006, and 73 in 2005) opened offices in the ...
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PropertyEU Archive
Resolution acquires Oxford Street assets
UK-based property investor Resolution has acquired an office and retail scheme on Oxford Street in London from The Crown Estate, the property portfolio associated with the monarchy in the UK.
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PropertyEU Archive
Land Securities names demerger chiefs
Land Securities Group has announced the appointment of Sir Christopher Bland, Rick Haythornthwaite and Kevin O'Byrne as non-executive directors as the UK real estate investment trust proceeds with plans to demerge into three separate companies.
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PropertyEU Archive
CB Richard Ellis obtains new affiliate in Greece
Property consultants CB Richard Ellis (CBRE) has announced the signing of an affiliate agreement with Greek commercial real estate services company Atria group (formerly Lambert Smith Hampton Hellas).
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PropertyEU Archive
TCN buys retail & leisure park in Spain
The Spanish arm of Netherlands-based property group TCN has signed an agreement to purchase Les Mates retail & leisure park in El Vendrell, Spain. The 10,000 m[sup]2[/sup] centre is located next to the N340, the regional road which connects Barcelona with Tarragona.
