Latest reports – Page 3541
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PropertyEU Archive
Wal-Mart may sell Gazeley property business
Wal-Mart owned UK supermarket group Asda has appointed UBS to explore ‘strategic options, including a sale’ for its property development business Gazeley.
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PropertyEU Archive
CEE to drive shopping centre market in 2008 - JLL
The European shopping centre market is set for another huge growth spurt in 2008 and 2009, driven by Central and Eastern European markets, according to a new Jones Lang LaSalle report.
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PropertyEU Archive
Carillion to build Europe's tallest residential tower
UK construction group Carillion has been awarded the GBP 155 mln (EUR 203 mln) contract to build Europe’s tallest residential development in the northern city of Leeds.
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PropertyEU Archive
Price correction pending in major European cities - DTZ
Spain is probably the next European real estate market to undergo a price reduction, according to property advisor DTZ. 'But I think markets such as France and Germany are fairly static at the moment, as vendors there have not accepted there has been a move in pricing,' John Slade, managing ...
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PropertyEU Archive
Plaza buys seventh Romanian development site
Shopping and entertainment centre development Group Plaza Centers has acquired a 31,000 m[sup]2[/sup] site in Targu Mures, Romania - it’s seventh project in the country.
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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 in retail services at Cushman & Wakefield said at the MIPIM property trade fair in Cannes.
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News
APG and ATP back INREV index campaign
EUROPE - European pension funds have lent their weight to a campaign organised by the European Association for Investors in Non-listed Real Estate Vehicles (INREV), aimed at increasing transparency among unlisted property funds.
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News
Finland peers down from 10-year peak
FINLAND - Finnish real estate delivered the market’s strongest performance in a decade last year, returning 11.3% –an increase of 1.3% over the previous year, according to figures published by KTI.
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News
UK industry defends 'pretty good' valuers
UK - Fund managers have shored up the value of property indices against claims they adequately fail to reflect the market.
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News
UK property set to stabilise in summer
UK – The Real Estate Investment Trust Association (Reita) has become the latest industry body to forecast a mid-year pick-up in the UK property market.
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News
Fortis forms car pool with Vinci
EUROPE - Insurer Fortis is in exclusive talks with French firm Vinci to pool the firms’ European carpark assets in a joint venture.
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News
M&S to 'pre-fund' scheme with more property
UK – British retailer Marks & Spencer (M&S) today announcedit will top up its property-backed partnership with its £5.2bn(€6.76bn) UK pension fund with another £400m.
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FSP raises the ceiling on property
DENMARK- Finanssektorens Pensionskasse, the Danish pension scheme forfinancial sector workers, is adding a hefty slice of property exposureto the unit-linked scheme now used by all new members.
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Philips fund ups real estate sale as experts mull liability
NETHERLANDS – The €14.6bn Dutch pension fund of electronics giantPhilips has further dismantled its real estate portfolio, a processinitiated following an investigation started into the alleged realtyfraud within the fund.
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PropertyEU Archive
Henderson raises EUR 245m for retail mall fund
Asset management firm Henderson Global Investors said on Monday it had raised EUR 245 mln from institutional investors for the third closing of its European Outlet Mall Fund. The investors include Allianz, BNP Paribas, the Cordares European retail property fund and CBRE Investors’ clients.
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PropertyEU Archive
Alstria office REIT posts 170% increase in revenues
Hamburg-based Alstria office REIT reported a 170% increase in revenues to EUR 82.6 mln in its preliminary financial results for 2007. The company also reported a rise in net asset value to EUR 871 mln, which is up around EUR 473 mln (or 119%) compared to the previous year. According ...
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PropertyEU Archive
PropertyEU live from MIPIM
PropertyEU is reporting live from the MIPIM real estate fair in Cannes this week. Whether you are attending the fair or staying at home, you can follow the news from Cannes as it unfolds through our newsletter and PropertyEU website.
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PropertyEU Archive
Nieuwe Steen acquires Philips pension fund property
Dutch property fund Nieuwe Steen Investments has bought eight properties in the Netherlands from the Philips pension fund for a total EUR 143 mln. The portfolio comprises more than 73,000 m[sup]2[/sup] of office and retail space centred on the central urban conurbation. The rent revenues total EUR 11.2 mln. Half ...
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PropertyEU Archive
Union Investment buys Las Palmas building in Rotterdam
Union Investment Real Estate has strengthened its investment portfolio in the Dutch Randstad with the acquisition of the Las Palmas building in Rotterdam from real estate developer OVG for an undisclosed amount. The Hamburg-based company said that Las Palmas is the first investment object for its open-ended real estate fund ...
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PropertyEU Archive
Autogrill buys two duty-free retail firms for EUR 1b
Italian foodservice operator Autogrill said on Monday it has sealed two retail deals in Spain and the UK for a total of EUR 1 bn. The food and catering group has raised its stake in Spanish-based airport duty free retailer Aldeasa to 99.90% from 49.95%. The Milan-based group has also ...
