Latest reports – Page 3536
-
PropertyEU Archive
European prime rents to remain stable - NB Real Estate
Prime rents remained stable or edged upward slightly in most European cities during 2007 despite the global financial turmoil in the latter part of the year, UK property consultant NB Real Estate has confirmed in its European Real Estate Guide 2008.
-
PropertyEU Archive
Minerva, Lend Lease end agreement on Croydon scheme
Minerva, the UK listed property investment and development company, has announced its arrangement with Lend Lease Europe on the Park Place shopping centre development in Croydon will end on 17 April. Under the agreement signed in 2005, Lend Lease was responsible for development and asset management of the 90,000 m[sup]2[/sup] ...
-
PropertyEU Archive
Balfour Beatty acquires Dean&Dyball for £45m
UK construction, services and investment group Balfour Beatty said on Wednesday it has acquired Dean & Dyball, a regional civil engineering and building business, for £45 mln (EUR 57 mln). 'The acquisition of Dean & Dyball is the latest stage in our strategy of building leading positions in regional UK ...
-
PropertyEU Archive
Patrizia sells 85 residential and commercial assets
Patrizia Immobilien announced on Wednesday that it has notarized the sale of 79 residential units and six commercial units located to the southwest of Munich. The assets, comprising 7,800 m2, were acquired by a private investor for an undisclosed price. But Patrizia said the sale generated a factor of around ...
-
PropertyEU Archive
Deutsche Bank's RREEF shops in Lyon
Deutsche Bank's RREEF investment funds have acquired the Gerland Plaza business park development in the French city of Lyon for EUR 42 mln. The park consists of five buildings with a total of 14,700 m[sup]2[/sup] of office space and 280 parking spaces, newspaper Business Immo reported. Delivery of the project ...
-
PropertyEU Archive
DIC Asset's revenues grow by 113% in 2007
German property company DIC Asset said it invested EUR 1.2 bn across 126 properties in 2007, raising its total real estate assets by 71% to EUR 2.2 bn. DIC Asset's revenues came to EUR 236 mln last year, up 113% over the previous year's figure of EUR 111 mln. Rental ...
-
PropertyEU Archive
Dolphin Capital records 107% rise in 2007 NAV
AIM-listed Dolphin Capital Investors has announced a 107% rise in net asset value and profit before tax of EUR 574 mln. The company said in its preliminary results for 2007 that it has achieved considerable market share on its target resort markets of Southeast Europe (SEE) and is already believed ...
-
PropertyEU Archive
Alting shops in Barcelona
Spain's Alting Grupo Inmobiliario has bought two properties in Barcelona for a total EUR 47 mln from an unnamed vendor. The assets, located in Barcelona's Turó Parc and Sant Gervasi districts, consist of a 5,250 m[sup]2[/sup] fully-let residential building and a commercial property leased to several tenants. The commercial asset ...
-
PropertyEU Archive
Stam Europe fund raises EUR 700m at first close
Stam Europe's new investment fund Stam REI III has reached its first closing. The value-added fund has raised equity from 14 investors including UK, Dutch and Irish pension funds and now has a war chest of some EUR 700m, Stam said in a statement issued during MIPIM in Cannes.
-
PropertyEU Archive
Baneasa shopping centre opens fully let
The opening of Baneasa Shopping City in Bucharest heralds the arrival of several multinational fashion brands in Romania, according to the developer. The 85,000 m[sup]2[/sup] shopping centre was fully let before the official opening last Friday. The four anchor tenants are Peek & Cloppenberg, Solmar, Inditex and Azadea Group.
-
PropertyEU Archive
XXI Century begins work on mixed-use project in Sevastopol
AIM-listed Ukrainian investment and development company XXI Century Investments has announced the start of construction of a mixed-use development in the Ukrainian city of Sevastopol. The total site area of about 91,000 m[sup]2[/sup] will comprise the 45,000 m[sup]2[/sup] Kvadrat shopping centre and a 46,000 m[sup]2[/sup] residential complex.
-
PropertyEU Archive
Orco presents sustainable apartment project in Warsaw
Listed real estate company Orco Property Group has presented the energy efficient Feliz Residence project to be built in Warsaw. The two four-storey buildings will comprise a total of 40 fully fitted-out apartments ranging in size from 55 to 137 m2, including two luxury penthouses with private lifts. All the ...
-
PropertyEU Archive
High-street retail resists credit crunch
The European high street retail market is showing no signs of being affected by the current credit crunch, Boris van Haare-Heijmeijer, partner retail services at Cushman & Wakefield said at the MIPIM trade fair in Cannes. ‘Top quality high-street locations are still going for top prices. There may be a ...
-
PropertyEU Archive
GE RE buys Barcelona office project
GE Real Estate Iberia has acquired an office development from real estate company Afirma for EUR 50 mln. The new Meridian project is located in the northern part of Barcelona, near the Nou Barris district. The property will consist of 24,000 m[sup]2[/sup] of office space and about 300 parking spaces. ...
-
PropertyEU Archive
Land Secs closes EUR 1.45 bn Trillium jv
UK REIT Land Securities Group has announced the successful closing of Trillium PPP Investment Partners (Trillium). Trillium was a £1.136 bn (EUR 1.45 bn) joint venture vehicle that allowed third party investors to gain exposure to Land Securities Trillium's Public Private Partnership contracts. Half of Trillium’s initial £1.136 bn (EUR ...
-
PropertyEU Archive
Generali transfers EUR 700m in assets to Scarlatti fund
Generali Property Investors, the property arm of Italian insurance giant Generali, has transferred 17 office buildings worth some EUR 700m to its real estate fund Scarlatti. The fund has now reached a size of some EUR 1.4bn. The properties were transferred by Generali Properties, which is headed by CEO Giovanni ...
-
PropertyEU Archive
Fewer British investors focusing on Germany: Colliers
UK property investors will shift their focus back to the opportunity-rich London market this year leaving less British capital for German real estate, according to property adviser Colliers Trombello Klbel Immobilienconsulting.
-
PropertyEU Archive
Deloitte relocates to new Kiev HQ
Deloitte has secured a new headquarters in Kiev, moving from the Leonardo Business Center to an office building on Zhylianska Street. Due to expansion plans that could see the company triple in size over the next three to five years it was considered necessary for Deloitte to have their own ...
-
PropertyEU Archive
Central Europe's industrial sector experiencing strong growth
The industrial property market in Central Europe (CE) is undergoing a growth boom, according to commercial real estate consultancy Cushman & Wakefield. Over a quarter of total modern industrial space on the region’s markets was completed in 2007 alone. The 2.2 million m[sup]2[/sup] of leasable space added last year brings ...
-
PropertyEU Archive
Metro mulls sale of Kaufhof department stores
Germany's leading retailer Metro could consider the sale of its Kaufhof department stores. Chairman Eckhard Cordes said on Tuesday at the presentation of the company's annual results that 'Galeria Kaufhof is a successful company, but it is not a strategic part of Metro Group'. The company added they will consider ...
