Latest reports – Page 3542
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PropertyEU Archive
Cannes hotels
PropertyEU Magazine is being distributed at the following hotels in and around Cannes.
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PropertyEU Archive
Europa Capital sells Polish retail portfolio
Real estate fund management group Europa Capital has sold a portfolio of 14 retail shopping centres and supermarkets in Poland to Balmain European Retail Properties for EUR 52 mln. The deal represents an initial yield of 7.6%, Europa Capital said.
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PropertyEU Archive
Pirelli RE to consolidate its German business in 2008
Italy's Pirelli RE has said it will focus on consolidating its German business this year. It will also seek more investment opportunities in Bulgaria and Romania, while targeting further developments in Poland. The Italian real estate giant plans to increase its EUR 15 bn in assets under management in Germany, ...
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PropertyEU Archive
Delta to open Montenegro's first international-style mall
Montenegro will shortly have its first international-style shopping mall, with the planned opening this summer of Delta City in the capital city of Podgorica. The project is being developed by Serbian property firm Delta Real Estate and will have a gross lettable area of 24,000 m2, according to a statement ...
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PropertyEU Archive
Financial advisors back property fund withdrawal stop
Some 50% of independent financial advisors believe the move towards suspending withdrawals from property funds is a ‘sensible measure to safeguard the interests of investors,’ according to REIT information provider Reita.
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PropertyEU Archive
Carrefour to make real estate its second business
Carrefour is to sell EUR 1.5 bn of property to private and institutional investors this year as part of the French hypermarket group's new strategic plan to make real estate its second core business. 'Property will become a new area of expertise,' Carrefour said during the presentation of its 2007 ...
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PropertyEU Archive
GIC, Orchard launch £300m 'Special Situations' UK fund
GIC Real Estate, the property investment arm of the Singapore government, is teaming up with UK commercial property investment manager Orchard Street, to launch a £300 mln ‘Special Situations’ fund which will invest in commercial property in all main sectors of the UK market.
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PropertyEU Archive
SEB ImmoInvest makes first investment in Prague
German property fund SEB ImmoInvest has acquired the Andel Park Building B in Prague for EUR 71.5 mln, marking its first venture into the Czech Republic. The seller is Austria’s Immoeast.
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PropertyEU Archive
London Heathrow still world's most expensive industrial location
London’s Heathrow airport region has kept its title as the world’s most expensive industrial location, according to a new report from Cushman & Wakefield.
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PropertyEU Archive
Cefin, Valad join forces in Romania
Real estate developer Cefin RE Romania, part of Italy's Cefin Group, is teaming up with Australian investment fund Valad, formerly Teesland iOG, to develop five to seven industrial parks in Romania by 2010. The partners are contributing EUR 200 mln each to the new Cheuro joint venture, which will develop ...
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PropertyEU Archive
Grupo San Jose to list in 2008
Spanish developer San Jose said on Friday it plans to list this year as part of its merger process with listed company Parquesol. In a statement, the company said following the merger, the new group will be called Grupo San Jose, and will be divided into six main business areas: ...
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PropertyEU Archive
Realkapitaal launches EUR 200m CEE residential fund
Private equity fund manager Realkapitaal Partners is looking to raise EUR 200 mln with its new CEE Residential Fund to be launched at the MIPIM trade fair in Cannes this week. The first closing will be in April 2008.
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PropertyEU Archive
Pirelli RE hopes to close Arcandor deal by end-month
Pirelli Real Estate CEO Carlo Puri Negri said on Monday that he hopes Arcandor's sale of 49% of the Highstreet portfolio to a consortium of Deutsche Bank, Pirelli RE and the Borletti Group will close by end of March. Pirelli RE expects to hold a 20% stake in the joint ...
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PropertyEU Archive
International investor buys office complex in Dusseldorf
An international property investment management company has acquired an office complex in the north of Dusseldorf from a closed-end property fund managed by DG ANLAGE in Frankfurt. The purchase price for the property amounted to a double-digit million figure and the stockholders expect provisional liquidation proceeds of 2.4 times the ...
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PropertyEU Archive
Vastned Retail rejects takeover bid, receives offers for portfolios
Dutch-listed property company Vastned Retail said on Thursday it has rejected a bid for the entire company because it was too low. 'The offer provides insufficient scope for the conclusion of a definitive transaction on attractive conditions', Vastned said. The company did not give additional details regarding the bidder.
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PropertyEU Archive
EBH snaps up Point Hotel in Edinburgh
Northern Irish investment company WG Mitchell has sold the Point Hotel in the centre of Edinburgh for more than £20 mln (EUR 26 mln). The three-star 139-bedroom hotel in Bread Street was acquired by Jersey-based private company EBH. The deal also includes the neighbouring bar, The Chanter.
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PropertyEU Archive
Largest UK retail-led regeneration scheme opens in Belfast
The largest city centre retail-led regeneration scheme in the UK opened in Belfast on Thursday. Paul Sargent, managing director of Multi Development UK said the 75,000 m[sup]2[/sup] Victoria Square shopping centre involved a capital investment of £400 mln (EUR 523 mln). The yield was around 5% this time last year ...
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PropertyEU Archive
Aedes to launch EUR 1.2 bn REIT by end-2008
Italy's Aedes Immobiliare plans to launch a EUR 1.2 bn real estate investment trust (REIT) by the end of 2008, CEO Luca Castelli said in a statement on Thursday. Failing that, the real estate group intends to buy a listed company and convert it to REIT status, known as SIIQ ...
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PropertyEU Archive
Vinci, Fortis to create the world's largest parking manager
Vinci and Fortis Bank have signed a memorandum of understanding to merge their public parking businesses. The deal involves the parking lots managed by Vinci Park, a unit of Vinci Concessions, and Interparking, part of Fortis Real Estate. Both parties would hold a stake in the new company, with Vinci ...
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PropertyEU Archive
Rising interest rates halt Europe's booming housing markets - RICS
The majority of housing markets in Europe slowed sharply or slid backwards during the second half of 2007 in response to inflation-induced interest rate rises, according to the research report European Housing Review 2008 commissioned by RICS. According to the report, the prime cause has been the general rise in ...
