Latest reports – Page 3537
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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 ...
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News
Ilmarinen to finance Sponda’s Russian expansion
FINLAND/RUSSIA - Finnish pensions provider Ilmarinen has signed a deal to part-fund property firm Sponda’s aggressive Russian expansion strategy.
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News
ING shuffles European managers for healthcare launch
NETHERLANDS - ING Real Estate Investment Management (ING REIM) has shuffled its European management team ahead of the launch of the firm’s first healthcare property fund.
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News
West Sussex mulls overseas move
UK - West Sussex local authority pension fund has reappointed Cushman & Healey in a £340,000 deal to manage its direct property portfolio.
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News
CPPIB renounces rights to acquire Auckland airport
CANADA/NEW ZEALAND – THE Canada Pension Plan Investment Board (CPPIB) has headed off government attempts to block foreign ownership of strategic infrastructure assets, by gaining 57.7% shareholder approval for a carefully worded bid for a minority stake in Auckland International Airport.
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News
Developing Europe keeps investors local
EUROPE - Turkey and Russia now outclass other European property markets for both development and investment, indicating a shift away from “Old Europe” towards new holdings and developments, suggests a report co-published by the Urban Land Institute and PwC.
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News
Sustainability standards possible in two years
EUROPE - Global reporting standards on real estate sustainability are achievable in two years, delegates were told at the British Property Federation’s first ever international sustainability session at last week’s MIPIM convention in Cannes.
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News
Snippe resigns from Philips scheme’s board
NETHERLANDS - Jan Snippe, member of the management board of the €14.6bn Philips pension fund has resigned, a company spokesman has confirmed.
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PropertyEU Archive
High-end hotels in CEE 'continue to offer opportunities'
The boutique hotel sector in Central and Eastern Europe (CEE) is proving immune to the worst effects of the current credit crisis, according to James Doran, director of sales and marketing at MaMaison Hotels and Apartments, a brand of Orco Property Group. 'I'm not saying we’re recession-proof, but especially on ...
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PropertyEU Archive
Fintecna buys ASL portfolio in Italy for EUR 203m
Italy's state-owned real estate firm Fintecna Immobiliare has acquired a portfolio of former ASL properties across Italy's Liguria region for a total EUR 203 mln. The real estate company was vying with the Malacalza Group in the bidding to acquire the assets, which were recently put up for sale with ...
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PropertyEU Archive
Otkritie, Deutsche Bank JV sells 4 Class-A offices in Moscow
A consortium led by Otkritie Financial Corporation and Deutsche Bank has agreed to sell four Class A office buildings with a total 101,000 m[sup]2[/sup] of space in Moscow's central office district Paveletskaya to the German real estate investment company KanAm Grund Kapitalanlagegesellschaft mbH (KanAm Grund). The properties are earmarked for ...
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PropertyEU Archive
Trigranit plans resort complex on Albania's Adriatic coast
Hungary-based property developer Trigranit is planning to build a coastal resort in northwestern Albania. The multimillion euro greenfield investment project will comprise all the essentials of a seaside town: hotels, residential villas, restaurants, a hospital and other public utilities as well as a road network. While political instability and severe ...
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PropertyEU Archive
Metrovacesa looks at possible merger
Spanish property company Metrovacesa is looking at several foreign real estate companies for a possible merger by the end of 2008 or beginning 2009, CEO Jesús García de Ponga told Spanish newspaper La Razón. De Ponga said that Metrovacesa is studying six or seven companies with a gross asset value ...
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PropertyEU Archive
Epra mulls setting up second EU REIT lobby group
The European Public Real Estate Association (Epra) is poised to establish a separate group to lobby for an EU-wide version of the tax-transparent real estate investment trust (REIT) rather than join the existing EU REIT Coalition which is spearheaded by the European Property Federation (EPF) in Brussels.
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PropertyEU Archive
Kelleher to sell half of prestigious Dublin property for EUR 165m
Irish property developer Garrett Kelleher is selling half of the former Department of Justice building in central Dublin to clients of Dolmen Securities for EUR 165 mln, making it the largest Irish property deal so far this year, according to the Irish Independent newspaper.
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PropertyEU Archive
Martinsa Fadesa granted 9-day postponement of debt payment
Spanish property company Martin Fadesa has announced that its creditor banks have agreed to delay the payment date of its approximately EUR 362 mln debt until 26 March. The company is attempting to restructure its entire EUR 5.1 bn debt load and has agreed with almost all its creditors, who ...
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PropertyEU Archive
Protego acquires €452m shopping centre in Helsinki
Protego Real Estate Investors has acquired the Kamppi Shopping Centre in Helsinki on behalf of the Nordic Retail Fund from Boultbee for €52.5 mln. Reported as the largest single asset transaction in Europe this year the deal reflects a net initial yield of 4.5%, increasing to circa 6.0% in 2012.
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PropertyEU Archive
ACI Real Estate, Ferretti in EUR 1 bn Dubai project
ACI Real Estate, an affiliate of Germany’s Alternative Capital Invest, has made a strategic agreement with luxury motor yacht manufacturer Ferretti Group to develop a luxury waterfront residence in Dubai valued at over EUR 1 bn. The project will be called Marine Legends.
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PropertyEU Archive
Passive investors still waiting for 'saviour'
Many property investors in Europe are wearing 'rose-coloured glasses' and have not adjusted to the changed market reality, according to Ric Lewis, CEO of AEW Curzon Partners.
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PropertyEU Archive
Cargo-Partner leases 16,000 m[sup]2[/sup] from Prologis in Budapest
Cargo-Partner has agreed to lease 16,000 m[sup]2[/sup] of industrial space at Prologis Park Budapest-Gyal. The logistics services group has operated in Hungary since 1994 and decided to move its headquarters and primary distribution centre in the country to the state-of-the-art Prologis facility. CB Richard Ellis acted as adviser in the ...
