Latest reports – Page 3567
-
PropertyEU Archive
Trigon Invest sells Radisson hotel in Hamburg for EUR 40m
Berlin-based Trigon Invest has sold the Radisson SAS hotel in Hamburg to Azure Property. The transaction value comes to around EUR 40 mln. The hotel, the highest building in Germany when it opened its doors in 1973, offers some 560 hotel rooms. Azure Property intends to invest some EUR 40 ...
-
PropertyEU Archive
Gross mortgage lending hits record levels in 2007
According to the Council of Mortgage Lenders (CML) mortgage lending figures for 2007 were the highest ever, coming in at £ 362 bn (EUR 487 bn), up 5% from the 2006 figures of £ 345 bn (EUR 465 bn) and above CML's October 2007 forecast of £ 360 bn (EUR ...
-
PropertyEU Archive
Tesco plans to make competitive push in High Street retail
In order to expand its non-food range retail giant Tesco is planning to bring a new multi-level store at large sites in town centres. The department-style stores would compete with High Street retailers such as Marks and Spencer, BHS and Debenhams and sell appliances, clothing, electrical goods, toys as well ...
-
PropertyEU Archive
GE Real Estate acquires mixed-use portfolio in Germany for EUR 67m
GE Real Estate Germany has announced the purchase of seven mixed-use assets from a private individual for EUR 67 mln. The portfolio of office, warehouse, residential and retail properties is located primarily in Frankfurt, as well as in Bremen and Hannover. Positive prospects for rent increases and increasing returns on ...
-
PropertyEU Archive
Plaza Centers receives EUR 381m from sale of Arena Plaza in Budapest
London and Warsaw-listed Plaza Centers has announced it has received gross cash proceeds of approximately EUR 381 mln from the sale of Arena Plaza to UK-based Active Asset Investment Management (AAIM). Arena Plaza's 66,000 m[sup]2[/sup] of lettable area makes it Hungary's largest shopping and entertainment centre. Fully let upon opening ...
-
PropertyEU Archive
Skanska office index indicates need for more office space in CEE
About one third of companies located in Central Eastern Europe (CEE) will need more office space in the coming year, according to a survey carried out by Skanska in Poland, Hungary and the Czech Republic. The Swedish construction and development giant surveyed 600 companies with 50 employees and/or at least ...
-
PropertyEU Archive
SCPI Opera Rendement buys office project for EUR 67m
BNP Paribas REIM-managed property investment fund SCPI Opera Rendement has acquired Les Miroirs office property development in Courbevoie, in the French Hauts-de-Seine region, from unnamed sellers advised by AEW Europe. The transaction volume comes to about EUR 67 mln including costs.
-
PropertyEU Archive
LaSalle, Morley fund snaps up EUR 138m properties in France and the Netherlands
LaSalle Investment Management and Morley Fund Management announced on Tuesday that their pan-European open-ended fund Encore+ has acquired two properties in France and the Netherlands.
-
PropertyEU Archive
Qatari banks prop up Shard skyscraper project
Four Qatari banks have thrown their financial muscle behind the troubled Shard skyscraper development at London Bridge Station. Developer Sellar Property Group announced on Tuesday that Qatari Islamic Investment bank Qinvest is fronting the consortium. The other members are Barwa, Qatar National Bank and Qatari Islamic Bank. The four have ...
-
PropertyEU Archive
Echo Investment set to build shopping centre in Koszalin
Warsaw-listed Echo Investment has acquired an area of over three hectares in the north-western Polish city of Koszalin in order to build a modern shopping-entertainment centre. The centre will contain approximately 35,000 m[sup]2[/sup] of lettable space and a car park for around 1,000 cars. Construction is scheduled to begin ...
-
News
ABP to move back into listed
NETHERLANDS – ABP is to up its investment in listed property, just months after the €215bn Dutch pension scheme divested part of its listed portfolio in Europe and US.
-
News
Segro deal to realise Berlin airport city
GERMANY - Berlin Airport Authority and Segro have agreed the development of a 38-hectare business and logistics park next to Berlin’s Schönefeld airport after the London-listed property investor acquired the land for €34m.
-
News
French institutions to diversify real estate
FRANCE – As much as 60% of French institutional investors will diversify their real estate portfolios either geographically or into different investment strategies, the ratings firm MultiRatings has found.
-
News
CalSTRS expands industrial JV to Europe
UNITED STATES - California State Teachers Retirement System CalSTRS) and First Industrial Realty Trust have moved their industrial joint venture program to Europe for the first time.
-
News
'Mid-sized funds charge more' - INREV
GLOBAL - The larger the fund, the lower the management fee is the conclusion of an INREV survey of fees charged by 160 European non-listed real estate funds, except in funds with assets of €100—299m, as they levy the highest fees.
-
News
NEPR quits Finland for Russia
NORDIC/RUSSIA - One of Finland’s key international investors indicated the market was approaching saturation last week as it sold off its remaining 39 hotel assets.
-
News
ING Clarion redevelops mixed-use site
UNITED STATES - ING Clarion Partners and Panattoni Development Company have formed a joint venture to redevelop a former Boeing Company site as a major mixed-use project in Anaheim, California.
-
News
Alaska Permanent Fund resettles in Chicago
UNITED STATES - Alaska Permanent Fund Corporation has moved back into investing in the Chicago real estate market for the first time in several years, through the purchase of The Shops at North Bridge.
-
News
Private equity performs despite credit woes
GLOBAL - Institutional investors are maintaining their investment in private equity property funds as the credit crunch fails to quell enthusiasm for the asset class, according to private equity firm Preqin.
-
News
Cap rates stay low on in retail shopping
UNITED STATES - The Oregon Public Employees Retirement Fund has been able to pick up new purchases which suggests cap rates on grocery anchored shopping centers are staying low and have yet to be hit impacted by the changes in the debt market.
