Latest reports – Page 3534
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PropertyEU Archive
Central London jv arranges EUR 288m financing
Great Capital Partnership (GCP), the central London joint venture between Great Portland Estates and Liberty International, has arranged a £225mln (EUR 288mln) credit facility to fund asset repositioning and investment projects.
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PropertyEU Archive
Eurasia-Ukraine gets EUR 75.6m refinancing of Kiev acquisition
Kiev-based company Eurasia-Ukraine has received a EUR 75.6 mln loan from German property lender Eurohypo to refinance the acquisition of the Iceberg Business Centre in Kiev. Eurasia-Ukraine purchased the business centre in May 2007 for EUR 104 mln.
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PropertyEU Archive
Nanette buys into first Ukrainian project
London-listed residential real estate group Nanette has announced it has acquired a stake in its first development project in Ukraine. Nanette, which is registered in the Netherlands, is already active in Poland, Hungary, Croatia, and Romania. Nanette's announcement came on the same day as PIK Group, a Moscow-focused residential developer, ...
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PropertyEU Archive
French throw weight behind EPRA's EU REIT group
The European Public Real Estate Association (EPRA) announced on Tuesday that the listed French property industry has decided to back EPRA's campaign to lobby for a tax-efficient pan-European real estate investment trust (REIT).
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PropertyEU Archive
Emaar Properties seeking bargains in Europe and US
Dubai-based developer Emaar Properties is seeking investment opportunities in Europe and the US, where property prices have become 'attractive', according to a report on news agency Reuters. 'A property whose price was $100 in the US now costs $10 and we expect it to become $5,' Emaar Properties chairman Mohamed ...
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PropertyEU Archive
Nordic pension funds to bulk up on non-listed real estate
Some 59% of pension funds in Norway, Sweden and Denmark plan to increase their holdings in non-listed real estate over the next five years, according to a survey put together by Lymos BV Real Estate Capital Advisors. The average planned increase in investment allocations to the sector was 12%. ...
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PropertyEU Archive
Colliers International Poland becomes partnership
Colliers International Poland has changed its company structure to a partnership as part of an expansion process. After 11 years in Poland, Colliers is now managed by 12 partners. 'The introduction of the partnership model is also a moment for setting new goals for the company,' the proeprty adviser said.
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PropertyEU Archive
EPI Russia 1 acquires St Petersburg business centre
Finnish real estate fund EPI Russia 1 has acquired the Kellerman business centre in St Petersburg. The total value of the investment is expected to amount to some EUR 150mln after the development potential in the property has been realised, Finnish bank Evli said in a statement issued earlier this ...
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PropertyEU Archive
BAA, Morley sell airport assets for EUR 340m
The Airport Property Partnership (APP), a 50-50 joint venture between British airport group BAA and clients of Morley Fund Management, has agreed to sell a portfolio of 33 property assets to private airport hotel group Arora Family Trust for £265mln (EUR 340mln).
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PropertyEU Archive
Eurohypo focusing on new business with ROE above 20%
Frankfurt-based real estate bank Eurohypo has said it is focusing on more profitable new financing commitments as mega-deals - typical of the real estate business in recent years - are likely to be few and far between in 2008. With the securitisation market seen as slow to pick up again ...
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PropertyEU Archive
Sovereign wealth funds in 'non-interference' pledge
Singapore and Abu Dhabi have moved to reassure the world that they will not use the massive financial clout of their state-owned investment vehicles to political advantage. The governments of Singapore and Abu Dhabi agreed several policy principles on sovereign wealth funds (SWFs) during a special meeting with the US ...
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PropertyEU Archive
TAGs consolidated profit up five-fold, revenues rise 36% in 2007
Hamburg-based real estate company TAG Tegernsee has reported consolidated earnings before taxes increased nearly fivefold in 2007, rising to EUR 31.1 mln from EUR 6.4 mln, while revenues increased 36% to EUR 146.1 mln. In preliminary indications on its performance in 2007, TAG pointed to strong growth in all business ...
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PropertyEU Archive
Cofinimmo buys Brussels office property, closes Medimur acquisition
Belgian listed property company Cofinimmo has agreed to buy a Brussels office building known as Omega Court. Cofinnimo said an exact investment price for the acquisition had not yet been set and would depend on the rental situation in the building at the end of July 2008. It noted ...
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PropertyEU Archive
Leasinvest to acquire 50,000 m[sup]2[/sup] logistics development near Brussels
Listed Belgian listed real estate fund Leasinvest Real Estate said has it reached an agreement to acquire a 50,000 m[sup]2[/sup] logistics development near Brussels in the second half of 2009. The agreement is conditional on a number of conditions involving obtaining necessary authorisation, environmental legislation and the provisional completion ...
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PropertyEU Archive
Top 5 deals in week 12 (17-21 March 2008)
German real estate investment company KanAm Grund heads the ranking of top deals for week 12 as it agrees to buy four Class A office buildings in Moscow from a consortium led by Otkritie Financial Corporation and Deutsche Bank for an investment volume of EUR 900mln.
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PropertyEU Archive
Grainger/Helical jv unveils mixed project in London
UK listed residential property company Grainger has said its joint venture vehicle with property development and investment group Helical Bar has exchanged contracts with the London borough of Hammersmith & Fulham for a major mixed use development. The planned development is in an area around Hammersmith Town Hall and Grainger ...
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PropertyEU Archive
Master plan architects chosen for Orco's Wertheim project
Listed property company Orco Germany said Berlin-based architectural firm Kleihues + Kleihues has been chosen to design the master plan for its Wertheim site in Berlin's Leipziger Platz. The architectural firm was one of nine invited to participate in an urban design competition launched in September 2007 by Orco and ...
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News
Size mattered in UK property correction – L&G
UK - The speed with which the UK real estate market has corrected in recent months is partly because of the huge changes in its investor base, according to Legal & General’s latest fundamentals briefing in London on Tuesday.
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News
E&Y turns its spotlight on Germany
GERMANY - Real estate investors expect Germany to be the best performing European real estate market in 2008, according to a survey by Ernst & Young Real Estate.
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News
Maryland State to double real estate allocation
UNITED STATES - Maryland State Retirement Agency is doubling its targeted allocation for real estate from 5% to 10%.
