Latest reports – Page 3544
-
PropertyEU Archive
Raven Russia pre-leases 52,000 m[sup]2[/sup] Moscow warehouse
AIM-listed Raven Russia has reached a preliminary agreement to let 52,000 m[sup]2[/sup] in the second phase of a planned 200,000 m[sup]2[/sup] warehouse development at Istra, Moscow. The building is due for completion in April 2008. Raven Russia said global logistics operator DSV Solutions has agreed to lease all of the ...
-
PropertyEU Archive
Terrace Hill completes Hammersmith sale
AIM-listed property group Terrace Hill said on Wednesday it has completed the sale of its riverside property, Queens Wharf in Hammersmith, to a joint venture of Westcity and Byrne Estates for £30.75 mln (EUR 40 mln). In October 2006 Terrace Hill purchased an option to acquire the development site from ...
-
PropertyEU Archive
Fund managers encouraged to contribute data to INREV index
Some of Europe's largest institutional real estate investors have called on fund managers of non-listed property funds to bolster the INREV index by contributing data on their own vehicles.
-
PropertyEU Archive
Finnish property delivers total return of 11.3% in 2007
The total return on the Finnish property investment market rose by 1.3% to 11.3% in 2007, the highest figure since 1998, according to KTI Property Index.
-
PropertyEU Archive
Unibail-Rodamco to develop Stockholm shopping centre
Franco-Dutch property giant Unibail-Rodamco has signed an agreement to develop one of the largest shopping centres in Scandinavia. Known as the Mall of Scandinavia, the 100,000 m[sup]2[/sup] shopping centre is part of a large urban development scheme in Stockholm. The other elements are the new National Soccer Stadium, hotels, office ...
-
PropertyEU Archive
C&W leases 70% of Kutuzoff Tower in Moscow
C&W Stiles & Riabokobylko (C&W/S&R), the Russian unit of Cushman & Wakefield, has leased 70% of office space in the 20-storey Kutuzoff Tower office development. A range of tenants, including Coca-Cola Soft Drink Consulting, Egis, Autodesk, International Health Care Consulting, signed on for space in the 29,537 m[sup]2[/sup] Moscow ...
-
PropertyEU Archive
Sponda acquires two shopping centres in Moscow
Finnish real estate company Sponda has purchased two shopping centres in Moscow for a total of $109 mln (EUR 71.5 mln) from LR Russia. Built in 2004, the 9,000 m[sup]2[/sup] Sun Paradise I was bought for $66 mln. The shopping centre accommodates food, domestic appliance and cosmetics services retailers.
-
PropertyEU Archive
Capital & Regional sells 80% of Fix Trade Park
UK property asset manager Capital & Regional has sold an 80% stake in its £180 mln (EUR 235 mln) Fix trade park fund to a consortium led by Paradigm Real Estate and the Bank of Scotland.
-
PropertyEU Archive
Goodman acquires pan-European warehouse portfolio
Goodman's European Logistics Fund (GELF) has agreed to a sale-and-leaseback deal with German logistics provider Kuehne + Nagel for 22 warehouse assets at the cost of EUR 220 mln. The average leaseback period will be five years. In addition to the properties GELF has acquired 18.8 hectares of undeveloped land ...
-
PropertyEU Archive
European listed real estate resists global downturn
The FTSE EPRA/NAREIT Global Real Estate Index fell 4.2% in February, with only European real estate finishing 110 bps in the black. This was the second consecutive month Europe's index finished ahead. Both the Asia-Pacific region and North America started 2008 with significant declines, and recorded negative returns in February ...
-
PropertyEU Archive
Bank leases 7,000 m[sup]2[/sup] in office building in Riga
Colliers International has brokered a five-year leasing agreement between Latvian developer LNK Grupa and Nordea Bank Latvia under which the Aloja Business Centre will be the bank's headquarters from the latter half of 2009.
-
PropertyEU Archive
GPT Halverton shops in the Netherlands
GPT Halverton, on behalf of its fund Benelux Industrial Partnership Dutch, has acquired a mixed complex in the Dutch city of Dordrecht for an undisclosed amount. The fully-let property consists of nine assets for a total 6,900 m[sup]2[/sup] of business space and 2,100 m[sup]2[/sup] of offices as well as a ...
-
PropertyEU Archive
Capital & Regional sells 80% of trade park fund
UK property asset manager Capital & Regional has sold an 80% stake in its £180 mln (EUR 235 mln) FIX trade park fund to a consortium led by Paradigm Real Estate and the Bank of Scotland. The investors paid close to £55 mln for an 80% stake in FIX, which ...
-
PropertyEU Archive
HBoS eyes former brewery for new Edinburgh office
Halifax Bank of Scotland has entered into exclusive talks with Scottish & Newcastle to acquire a former brewery in Edinburgh for more than £100 mln (EUR 130 mln). A spokesperson for HBoS told PropertyEU that the financial giant plans to develop a new office complex on the site aimed at ...
-
PropertyEU Archive
Savills expands Paris office
Global property consultant Savills has brought in Nicolas Chereau and Katie Taylor to expand its Paris office agency and retail investment departments. Previously a director of Keops Paris Agency, Chereau has 10 years of experience in the Paris office market. Taylor joins the office from Savills London. She is ...
-
PropertyEU Archive
Endurance fund acquires office property in Bratislava
Endurance Real Estate Fund - Office Sub-fund, managed by Orco Property Group, has acquired the former Palace Hotel in Bratislava for an investment of EUR 12 mln from VUB Bank. Orco Slovakia plans to reconstruct the building, bringing approximately 3,000 m[sup]2[/sup] of office space and 800 m[sup]2[/sup] of commercial ...
-
PropertyEU Archive
Dubai sovereign fund resumes talks with Colonial's shareholders
Spanish property tycoon Luis Portillo and the Nozar group, the two main shareholders in Inmobiliaria Colonial, confirmed on Tuesday that the Investment Corporation of Dubai (ICD) has resumed talks with them about a potential bid for a controlling interest in the troubled Spanish property company.
-
PropertyEU Archive
Fabege buys in Stockholm
Swedish property company Fabege said on Tuesday it is teaming up with peer Peab to develop a project in Ulriksdal near Stockholm. Under the deal, Fabege will gradually acquire development rights for 50,000 m[sup]2[/sup] of office space. The financial details were not disclosed.
-
PropertyEU Archive
C & W Hellas appointed leasing agent for Thessaloniki mall
Property consultant Cushman & Wakefield has been selected by APN/UKA European Retail Property Group to serve as exclusive leasing agent and marketing and PR coordinator for City Gate shopping centre in Thessaloniki. City Gate is one of the largest retail and entertainment schemes in the city, with 35,000 m[sup]2[/sup] of ...
-
PropertyEU Archive
Rockspring's new TransEuropean fund spends EUR 150m
TransEuropean IV, a new closed-end, valued-added cross-border property fund established by Rockspring Property Investment Managers, has acquired eight assets in the Benelux, France and Spain for EUR 152 mln. London-based Rockspring said the fund purchased retail warehouses in the Dutch city of Hoorn and in Sandweiler in Luxembourg. The fund ...
