Latest reports – Page 3547
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PropertyEU Archive
Sony sells its European HQ in Berlin to Morgan Stanley-led consortium
Japanese consumer electronics group Sony is selling its European headquarters in Berlin's Potsdamer Platz to a consortium of US merchant bank Morgan Stanley, Germany's Corpus Sireo and Chicago-based The John Buck Company for an undisclosed amount. Market sources say the trio paid EUR 600 mln, significantly lower than the original ...
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PropertyEU Archive
Corio 2007 direct result beats forecast, no outlook for 2008
Dutch property group Corio said its direct investment result rose 2.7% to EUR 203.1 mln in 2007, slightly higher than a previous forecast that the figure would be in line with the EUR 197.7 mln seen a year earlier. However, Corio declined to give an outlook for 2008, citing ...
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PropertyEU Archive
Dawnay Day Carpathian invests EUR 172m
Dawnay Day Carpathian (DCC) has completed the acquisition of four developments and three investment transactions for a total of EUR 172 mln since end-June 2007.
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PropertyEU Archive
Trigranit starts construction of Bonarka City in Krakow
Budapest-based real estate developer Trigranit started construction on Thursday of its Bonarka City Center site in the Podgórze district of Krakow, Poland. The new project, on a total area of around 19 hectares, will require an investment of about EUR 500 mln. It will be carried out in three stages, ...
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PropertyEU Archive
Global RE transactions top EUR 668b - report
Over $1 tln (EUR 668 bn) in large commercial property transactions were recorded globally in 2007. Real Capital Analytics, a US-based real estate researcher, said the findings in its Global Capital Trends report indicated that the commercial real estate marketplace is much larger than previously estimated.
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PropertyEU Archive
Savills: corporate sector will drive Spain's office market in 2008
The office investment markets in Madrid and Barcelona will be driven by corporate transactions this year, according to a research report published by Savills. Real estate companies are expected to put large property portfolios on the market in a move aimed at reducing their liabilities. In 2007, Spain's main office ...
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PropertyEU Archive
Pirelli transfers management of Berenice to First Atlatic RE
Italian property giant Pirelli Real Estate said on Friday it has entered into an agreement with Milan-based asset manager First Atlantic RE to transfer the management of the office fund Berenice Fondo Uffici.
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PropertyEU Archive
Porto Investment signs EUR 29m financing for Budapest complex
Porto Investment Hungary said on Thursday it has signed a EUR 29 mln facility agreement with MKB Bank Zrt for the redevelopment of the Kozraktar complex in Budapest. The company, which was awarded the project in a public-private partnership (PPP) with the city of Budapest, expects construction to start in ...
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PropertyEU Archive
IPD: Sweden posts 14.9% property return in 2007
Commercial real estate performance analysis services IPD said that its Swedish Annual Property Index saw a total return of 14.9% in 2007, representing a fall of 1.3% on the year before, but maintaining double-digit returns for the third consecutive year. Property far outperformed the equity and bonds markets, which returned ...
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PropertyEU Archive
Cofinimmo sells long-lease rights on 21 properties for EUR 77m
Belgian listed property company Cofinimmo said it had sold its long-lease rights on a number of office buildings in the periphery of Brussels for EUR 77 mln, equivalent to a realised gain of 40 euro cents per ordinary share.
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News
Environment code to calculate property’s carbon emissions
GLOBAL - The Investment Property Databank (IPD) has launched a majorglobal initiative to help real estate owners measure and understand theenvironmental impact their buildings have, as officials believe suchdata will become a component of future real estate pricing andlegislation.
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PropertyEU Archive
Land Secs evaluates Trillium sell-off
Land Securities REIT, the largest listed real estate company in the UK, is studying the benefits of selling off its property outsourcing division, Land Securities Trillium. Analysts have valued the Trillium division at between £1 bn and £1.5 bn (EUR 1.3 bn to EUR 2 bn).
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PropertyEU Archive
Endurance Fund acquires shopping centre in Lublin
Orco Property Group's Endurance Fund have acquired Galeria Orkana in the Polish city of Lublin for about EUR 26.5 mln. The shopping centre was purchased from Warsaw-based Keen Property Partners by the Office sub-fund of the Endurance Fund.
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PropertyEU Archive
Fortress tipped as likely bidder for Mapeley
Fortress Investment Group has emerged as the most likely bidder for Mapeley, the commercial property company, after Mapeley admitted that it had received a takeover approach.
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PropertyEU Archive
Real estate crucial to sustainability - senior executives
Real estate and facility strategies play a central role in the corporate sustainability efforts, according to a new global survey of 1,254 senior business executives, including more than 300 CEOs. Nearly half of all respondents named as their leading sustainability priority a goal that is addressed primarily or solely through ...
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PropertyEU Archive
European fund platform helps lift GPT full-year results
Australian property firm GPT Group announced strong full year results as it posted a growth in global assets under management to $8.5 bn in the year to 31 December 2007. European asset growth was particularly notable, growing to $3.4 bn excluding $300 mln in assets held for future funds, following ...
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PropertyEU Archive
Kenmore completes 22,400 m[sup]2[/sup] of lettings in France
Kenmore European Industrial Fund (KEIF) said it has completed 23 new lettings in France over the past two months. The deals represent 22,414m[sup]2[/sup] of space and will generate a total annualised income of EUR.7 mln. Most of the lettings have been taken on three, six, nine-ear leases, standard in the ...
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PropertyEU Archive
Reita, CII work to enhance property investment knowledge
Reita, the UK education and awareness campaign for property investment and real estate investment trusts, has joined forces with the Chartered Insurance Institute (CII) to work on the extension of the diploma-level investment syllabus to include property investment as an asset class.
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PropertyEU Archive
Mipim introduces 'green day'
The challenges of sustainable development will be the subject of a special 'green day' at the Mipim international property fair in Cannes next month. Apart from the sustainable projects showcased in the exhibition area, Mipim has scheduled a series of conferences on sustainable development on the second day of the ...
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PropertyEU Archive
Hypo provides EUR 300m financing for Russia, Romania projects
The international arm of Germany's Hypo Real Estate Group announced the completion of over EUR 296 mln in funds for two separate development projects in Russia and Romania. The bank provided a $89 mln (EUR 56 mln) investment facility to Raven Russia on 29 January 2008. The funding was for ...
