Latest reports – Page 3565
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PropertyEU Archive
JLL acquires German retail adviser
Property adviser Jones Lang LaSalle (JLL) has announced the acquisition of Kemper's Group in Germany. JLL expects to complete the transaction by May 2008, subject to approval by Germany's Monopolies and Mergers Commission. The acquisition will increase the number of JLL employees in Germany to 500.
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PropertyEU Archive
Raven Russia lets part of new Moscow logistics centre
AIM-listed warehouse property company Raven Russia has announced that Interleasing, a Russian logistics operator specialising in the pharmaceuticals industry, is leasing 34,000 m[sup]2[/sup] of completed space at Raven Russia's 200,000 m[sup]2[/sup] logistics development in the Istra district of Moscow.
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PropertyEU Archive
PIK Group purchases land in Moscow region
Moscow-based PIK Group has announced the acquisition of a 127-hectare site on Kalyzhskoe shosse, a developing area of the Moscow region about 4-5 km from the Moscow Ring Road. The company plans to develop a township of approximately 1 million m[sup]2[/sup] of net sellable area. The project will include social ...
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PropertyEU Archive
Bouwfonds and Catella launch European residential fund
Bouwfonds Asset Management and Catella Germany have signed a joint-venture agreement to establish a new open-ended pan-European residential fund. The core fund will target institutional investors and very high-net worth individuals in Germany.
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PropertyEU Archive
Luxembourg fund acquires Milan logistics park
Property fund Holding Cinque has sold a logistics park in Paullo, Milan to Sireo Immobilienfonds No.4 SICAV for EUR 31 mln. The transaction reflected a gross yield of 6.5 %. The vendor was advised by Savills while Redilco represented the purchaser.
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PropertyEU Archive
Banco Santander sells Madrid head office
Banco Santander, Spain's largest bank, has sold its head office in Madrid to British investor Propinvest for EUR 1.9 bn in a sale-and-leaseback deal. Banco Santander, which acquired ABN Amro Bank last year together with Fortis and Bank of Scotland, will lease the building back for a period of 40 ...
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PropertyEU Archive
Conwert buys back shares for future acquisitions
Austrian property company Immobilien Invest said it planned to buy back up to 10% of the company’s issued share capital in the first half of 2008. The company said it would purchase as many as 8,535,927 shares at a price between EUR 8 and EUR 11 per share, for a ...
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PropertyEU Archive
Cofinimmo boasts top Belgian property portfolio at end-2007
Belgian real estate investment trust (REIT) Cofinimmo closed 2007 with the leading property portfolio in Belgium, according to a ranking of the top 100 portfolios in the country published for the fourth consecutive year by local newsletter Expertise News. With a property portfolio value of EUR 2.73 bn at ...
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PropertyEU Archive
Colliers opens White Fir Resort in Bulgaria
Colliers International Bulgaria said it has opened the ski and spa apartment lodge known as White Fir Resort. The lodge was developed by London-based MSI Developments while Colliers is providing management services, including the leasing of 135 one-, two- and three-bedroom apartments.
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PropertyEU Archive
PIK Group buys into major Moscow residential development
Russian residential real estate developer PIK Group said it has acquired 100% of the shares in CJSC Monetchik, a co-investor in a major residential development in the Kuntzevo region of Moscow. Financial details were not disclosed.
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PropertyEU Archive
DTZ bags DuPont as new client for 250 EMEA properties
International property adviser DTZ has been awarded an exclusive mandate to provide lease and management services for the entire property portfolio of multinational chemicals and healthcare company DuPont in Europe, the Middle East and Africa (EMEA).
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PropertyEU Archive
Cushman & Wakefield buys Australian affiliate Laing+Simmons
Real estate services firm Cushman & Wakefield said it has acquired its long-term Australian affiliate Laing+Simmons Commercial. Deal terms were not disclosed. Sydney-based Laing+Simmons will immediately begin operations as Cushman &Wakefield.
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PropertyEU Archive
Engel East Europe divests non-core activities in Germany and Canada
Engel East Europe, the Central and Eastern European residential property developer listed on the AIM segment of the London Stock Exchange, said it planned to discontinue non-core activities in Germany and Canada and would dispose of land holdings in these countries.
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PropertyEU Archive
Toolbank buys building in St Modwen’s Glasgow development
A 25,000 sq ft (2,323 m2) building on the Hillington, Glasgow development launched by UK regeneration specialist St Modwen Properties has now been pre-sold to tool supply company Toolbank, which will relocate from central Glasgow.
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PropertyEU Archive
Cushman & Wakefield exclusive leasing agent for Moscow business centre
Russia-focused development company MirLand Development has retained the Russian arm of real estate services firm Cushman & Wakefield as exclusive agent for the leasing and marketing of the MirLand Business Centre in Moscow (Phase II). The business centre offers Class B office space, and is located between Leningradsky Prospekt ...
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PropertyEU Archive
Henderson Global appoints new head of property investment
Henderson Global Investors, with EUR 14 bn of direct real estate assets under management globally, said it has promoted Mike Sales to head of property investment as Patrick Bushnell prepares to leave the position at the end of March. Up to now, Sales has held responsibility for all UK ...
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PropertyEU Archive
'Stock market crash will boost allocation to real estate'
Interest in real estate as an asset category will likely increase in the wake of the current stock market crash, according to Gaetan Clermont, CEO and managing director of CB Richard Ellis' Belgian operation. 'Allocations to real estate will improve,' he said at the Investors Forum 2008 held Thursday in ...
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PropertyEU Archive
Norgani Hotels hires Roar Ingdal as CEO
Oslo-based Nordic hotel operator Norgani Hotels said on Thursday it had appointed Roar Ingdal as its new ceo, effective no later than 1 May of this year. Ingdal is currently ceo of Royal Caribbean Cruise Lines (RCCL). Norgani said the new ceo's mandate will be to expand the business in ...
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PropertyEU Archive
SEB Asian Property Fund invests in Singapore office property
SEB Asset Management has made another investment in Asia for its recently launched real estate fund SEB Asian Property Fund SICAV-FIS. The fund acquired some 10,310 m[sup]2[/sup] , or 12 floors, of Anson 79, a Grade A office building in Singapore for SGD 215 mln (EUR 102 mln). The 23-storey ...
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PropertyEU Archive
Kungsleden acquires over EUR 106m of public properties
Listed Swedish property company Kungsleden said on Thursday that it is signing a letter of intent with the City of Vasteras for the acquisition of 13 public properties. The acquisition price of these properties is SEK 1.05 bn (EUR 106 mln), including transaction costs. The total rental value is SEK ...
