Latest reports – Page 3563
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PropertyEU Archive
Government of Dubai fund eyes Colonial
Spanish property group Inmobiliaria Colonial said on Thursday that it has received a letter of interest from the investment fund of the government of Dubai, Investment Corporation of Dubai (ICD), regarding the possible acquisition of Juan Carlos Nozaleda's and Luis Manual Portillo's stakes in the troubled property group.
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PropertyEU Archive
Ablon purchases first plot of land in Warsaw
Hungarian property company Ablon has purchased a 5,290 m[sup]2[/sup] plot of land in the centre of Warsaw for an undisclosed sum. The company said it plans to build up to 13 floors of residential space at the site, occupying 17,000 m[sup]2[/sup] for a total development cost of EUR 40 mln. ...
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PropertyEU Archive
IEF Capital buys retail assets from Unibail-Rodamco for EUR 775 mln
IEF Capital, a joint venture of Bouwfonds Asset Management and Inflation Exchange Fund, said on Wednesday it has agreed to buy part of Unibail-Rodamco's Dutch retail portfolio for approximately EUR 775 mln. The transfer of ownership is scheduled to take place in April 2008.
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PropertyEU Archive
London, Stockholm, Dublin offer best growth prospects: Knight Frank
London's real estate market offers the best growth opportunities in Europe, followed by Stockholm and Dublin, according to property adviser Knight Frank's latest European city ranking.
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PropertyEU Archive
Development Securities and Blue form sustainability JV
UK-listed real estate and investment company Development Securities and Blue (Sustainable Living) have formed a 50-50 joint venture to pursue sustainable residential and mixed-use development opportunities in the UK. The partnership was brokered by Savills Corporate Finance.
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PropertyEU Archive
Orbis Accor sells Grand Hotel Lodz to private investor
Polish hotel chain Orbis has sold the Grand Hotel Lodz in the same-named Polish city to a private investor for EUR 20 mln. Dating from 1888, the landmark hotel is built in a neo-Renaissance style and has 160 rooms, three restaurants, a cafe and an amusement arcade.
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PropertyEU Archive
WDP opens Dutch office, buys second site in Venlo
Belgian property company Warehouses De Pauw (WDP) announced on Wednesday that it is opening a Dutch office to oversee the planned expansion of its portfolio in the Netherlands to EUR 250 mln in the near term. The office will open on 1 February and be located in Waddinxveen near The ...
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PropertyEU Archive
Kenmore buys land and property in France
Kenmore Property Group announced on Wednesday that it has completed two acquisitions in France for a total of EUR 12 mln in behalf of its French Office Fund.
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PropertyEU Archive
JLL books record net income of EUR 173 mln in 2007
Global property consultant Jones Lang LaSalle (JLL) reported a record net income of $256 mln (EUR 173 mln) for 2007, an increase of 46% over the year-earlier period. Revenue for the year amounted to $2.7 bn, up 32% compared with 2006, thanks to a strong performance in all operating segments.
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PropertyEU Archive
Demand fuels residential boom in Bratislava
The residential development market in Bratislava is currently experiencing a boom, according to a report on the real estate industry in the Slovak capital by Slovakian research company Symsite Research . Although the levels of development are not comparable with the pre-1989 peak, the report says that both the number ...
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PropertyEU Archive
Carrefour sells land in Turkey for EUR 267 mln
French retailer Carrefour has announced that its joint venture with Sasbanci in Turkey has sold a plot of land in Istanbul for EUR 267 mln to a joint venture between Apollo Real Estate and Multi Turkmall. The buyers will develop a Carrefour hypermarket on the site, which is expected ...
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PropertyEU Archive
WP Carey Group completes third sale-and-leaseback
New York-based investment firm WP Carey & Co said it has acquired a retail facility in the Polish city of Wroclaw for about EUR 9.5 mln. The complex will be leased back to German DIY group OBI.
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PropertyEU Archive
Imorendimento launches EUR 570m Iberian fund
Portuguese investment and asset management company Imorendimento is to launch a new a new property fund, Imo Pan Iberian Retail, focusing on the retail and logistics sectors in Portgual and Spain.
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PropertyEU Archive
French investor STE clinches three office deals
Property investor Societe de la Tour Eiffel (STE) has acquired three properties in France for a total of EUR 30 mln. Coming weeks after STE sold seven buildings to Henderson Global Investors for EUR 36 mln, the French company said the new acquisitions were in line with its investment strategy ...
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PropertyEU Archive
Eurohypo: Irish investors to move up value creation chain
Irish property investors will remain largely untouched by the current tightening of credit markets, thanks to high private wealth levels and close relationships with their bankers, according to a report published on Tuesday by real estate financier Eurohypo. As a result, they will remain a force to be reckoned with ...
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PropertyEU Archive
Investment in Continental European retail property hits EUR 28 bn
Investment in retail property in Continental Europe rose 7% to EUR 27.7 bn in 2007 compared with the previous year, according to research published on Tuesday by property adviser Jones Lang LaSalle.
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PropertyEU Archive
Buma sells Rondo business park to Credit Suisse
Polish developer Grupa Buma has sold the Rondo Business Park in Krakow to Credit Suisse Asset Management for an undisclosed amount. Rondo Business Park is a modern, A-class office complex with a total rentable area of 17,500 m[sup]2[/sup] and 500 parking spaces.
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PropertyEU Archive
AXA REIM buys two retail portfolios in Finland
AXA Real Estate Investment Managers (AXA REIM) said on Tuesday that it had bought two retail portfolios in Finland for a total EUR 200 mln. The Sveafastigheter and HGR portfolio, acquired on behalf of AXA REIM's European Retail Income Venture II fund (ERIV II), consists of 128 properties. The second ...
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PropertyEU Archive
Moscow office rents spike
The cost of renting office space in Moscow rose almost 42% in 2007, according to Jones Lang LaSalle's latest European Office Property Clock. Major Western European capitals also experienced significant increases, but not to the extent of the Russian capital. Office rents rose 21% in London, 16% in Madrid and ...
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PropertyEU Archive
Catella Germany names new director
Catella Germany has appointed Dirk Hoffmann to its board of directors, the company said on Tuesday. Hoffmann was previously spokesman of the board at mortgage bank Allgemeine Hypothekenbank Rheinboden and was recruited for his real estate financing expertise, Catella said.
