Latest reports – Page 3538
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PropertyEU Archive
Edinburgh's 40 Princes Street development half full
The 40 Princes Street development in Edinburgh's city centre is now half full, as Davis Langdon has agreed to a 10-year deal to lease 490 m[sup]2[/sup] of space on the fifth floor of the development. Redevco's £12 mln (EUR 15.6 mln) development already houses an H&M and a Mexx story ...
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PropertyEU Archive
Regus 2007 results boosted by strong showing in emerging markets
UK managed offices group Regus said it had not yet seen any sign of a slowdown in its business as it released 2007 figures Friday, but added that growth in emerging markets like Brazil, Russia, India and China should compensate for any slowdown that might occur in the US and ...
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PropertyEU Archive
Immoeast sells Andel Park B office property in Prague
Austrian listed property company Immoeast said it has sold its Andel Park B office property in Prague to German property fund company SEB Immobilien-Investment for about EUR 71.5 mln. Immoeast had purchased Andel Park B in 2005. The property has total lettable space of about 23,000 m[sup]2[/sup] ...
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PropertyEU Archive
Jones Lang LaSalle signs three-year transaction management agreement with BP
Jones Lang LaSalle said it has signed a contract to provide British Petroleum's European, Middle East, African and Asian operations transaction management services for a three-year term. With the agreement, Jones Lang LaSalle’s relationship with BP goes global, as it already provides the multinational with these services in the ...
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PropertyEU Archive
Crane Track wins special jury award at MIPIM
MIPIM has announced the winners of its 2008 awards, issuing accolades for green buildings, office buildings, residential developments, hotel and tourism resorts. The jury was presided by Barbel Schomberg, Managing Director of German property fund Deutsche Gesellschaft für Immobilienfonds.
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PropertyEU Archive
Dawnay Day refinances acquisition of six Croatian supermarkets
Dawnay, Day Carpathian, the AIM-listed retail property company that invests in Central and Eastern Europe, said it has refinanced the recent acquisition of six supermarkets in Croatia with a £40.5 mln (EUR 53 mln) debt facility. That represents a loan to cost of over 74%, the company said.
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News
CalSTRS buys into opportunistic projects
UNITED STATES - California State Teachers Retirement System has grown its opportunistic real estate portfolio by $154m (€100.2m) through two new commitments, including one to a new development project in Washington DC.
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News
Chicago Police eyes more real estate
UNITED STATES - Chicago Policemen’s Annuity and Benefit Fund has increased its allocation to real estate from 5% to 7%.
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News
New player to enter 'B-Class' real estate
UNITED STATES - Former principals of Somera Capital Management have created a new player in the real estate manager market called Pacific Retail Capital Partners
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News
ING Clarion pays $116.2m for apartments
UNITED STATES - ING Clarion Partners has closed one of the largest single apartment investments in some time and purchased a 217-unit in Hoboken, New Jersey, for $116.2m (€75.5m).
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News
Principal creates California JV
UNITED STATES - Principal Real Estate Investors has created a new joint venture with The Martin Group to invest in Californian real estate.
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PropertyEU Archive
Park Plaza developing four-star art'otel in London
Park Plaza Hotels, the AIM-listed owner and operator of four-star hotels in Europe and the Middle East, said it has reached a joint venture agreement with Aldersgate Limited, the property vehicle of the Reuben Brothers, to develop a new apart-hotel under the 'art'otel' brand in London’s trendy Hoxton neighbourhood. Park ...
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PropertyEU Archive
SEB wins Morningstar award for best German RE fund
SEB Immoinvest, the German real estate fund of asset manager SEB Asset Management Deutschland, has been awarded the Morningstar Fund Award Germany 2008 as that country’s best property fund, defending its title in the category. The performance prize was awarded on 13 March 2008 and honours those funds that ...
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PropertyEU Archive
Warsaw tops office rental growth market
Warsaw's office market achieved 59% rental growth last year, according to new research from brokerage firm Savills. While London, Paris and Dublin remained the most expensive office rental markets in Europe, Warsaw and Berlin boasted the most significant growth, the survey shows. Rental markets remain resilient, with an average 8.3% ...
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PropertyEU Archive
ING RE sees big demand for Asian real estate
It is still too early to assess the full impact of the global credit squeeze on European real estate markets, so some investors with a backlog of ready cash to spend are turning to the booming Asian property markets, Hein Brand, CEO of ING Real Estate Finance, said in an ...
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PropertyEU Archive
Morgan Stanley buys stake in CEE developer Adama
Morgan Stanley Real Estate said it has bought a stake in Eastern European developer Adama Holding Public. The real estate arm of the US investment bank did not disclose the size of the stake but said the transaction was made through its Special Situations Fund III. Adama is a ...
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PropertyEU Archive
Ask, Manchester council in EUR 980m city centre revamp
UK developer Ask Developments has teamed up with Manchester city council to rebrand the city's Central Spine at First Street and redevelop the entire 20-acre scheme at a cost of EUR 980 mln, the company announced at MIPIM.
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PropertyEU Archive
FIABCI goes to Amsterdam in 2008
The 59th edition of the FIABCI World Congress real estate trade fair will be held in Amsterdam on 29 May through 31 May this year. The theme of the congress will be ‘Water: threats, opportunities and possibilities’. Keynote speakers include Hernando de Soto, world-renowned Peruvian economist and specialist in informal ...
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PropertyEU Archive
Evans Randall distressed asset fund eyes Europe
Evans Randall's distressed retail asset fund is currently focused on the UK, but could very well be increasing its exposure to continental Europe later this year, CEO Michael Evans told PropertyEU TV at MIPIM.
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PropertyEU Archive
Commercial real estate booms in Germany
Total commercial real estate volumes in Germany will probably reach EUR 70-75 bn this year despite the credit crunch, as demand among institutional investors for German portfolios remains strong, property investment group Estavis estimates. Estavis released an upbeat edition of its investment barometer for Germany to coincide with the MIPIM ...
