Latest reports – Page 3572
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PropertyEU Archive
BBEIF acquires strategic stake in Forth Ports
UK-managed Babcock & Brown European Infrastructure Fund (BBEIF) has acquired further shares in Forth Ports, bringing its current shareholding to 20.4%. The investment is BBEIF’s second in Forth.
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PropertyEU Archive
MWB says outlook for 2008 'extremely positive'
British property investor Marylebone Warwick Balfour Group said its outlook for 2008 is 'extremely positive' despite the credit crunch and uncertainty over consumer spending.
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PropertyEU Archive
ING Bank hit by probe over alleged real estate corruption
Dutch public prosecution officers raided an ING Bank branch in Weert in the Netherlands as part of an inquiry into alleged corruption and bribery in the real estate sector, according to a report in Het Financieele Dagblad. The report stressed that the bank, which is part of the ING Group, ...
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PropertyEU Archive
Apsys enters Russian retail sector through partnership with Sistema-Hals
Paris-listed real estate developer Apsys and Russian developer Sistema-Hals have formed a long-term strategic partnership to jointly develop and manage retail projects in Russia.
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PropertyEU Archive
Merrill, UBS face further subprime fallout
Merrill Lynch is expected to suffer $15 bn (EUR 10.1 bn) in losses stemming from soured mortgage investments, almost twice the company's original estimate, the New York Times reported Friday. The losses are prompting the company to raise around $4 bn in coming days from an outside investor, the newspaper ...
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PropertyEU Archive
JLL bolsters German retail management services operations
Property advisor Jones Lang LaSalle has bolstered its German retail management services operations with the acquisition of Dusseldorf-based Brune Consulting Management. Brune employs 30 people with mandates encompassing some 250,000 m2, including nine shopping centres. Its clients include several leading German and international investors.
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PropertyEU Archive
Lovells to advise on Equitable Life's EUR 1bn property portfolio
International law firm Lovells has won the competitive tender to advise Equitable Life Assurance Society on its £778 mln (EUR 1 bn) property portfolio. Partners Victoria Sutcliffe and Nicholas Cheffings will head up the Lovell's real estate team that will advise Equitable Life on all future real estate matters. Commenting, ...
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PropertyEU Archive
Morley/LaSalle fund buys part of La Defense tower
LaSalle Investment Management and Morley have acquired eight floors of offices in the Tour Franklin building in the La Defense district of Paris for their Encore+ fund. The office space was acquired from French-listed property group Gecina for EUR 84 mln and is fully leased to 15 tenants.
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PropertyEU Archive
Sistema-Hals joins forces with Saraya for Sochi development
Russian property developer Sistema-Hals has joined forces with Jordan-based real estate developer and asset manager Saraya to develop a resort complex In the Russian Black Sea city of Sochi.
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PropertyEU Archive
Quinlan Private in EUR 364m venture to develop London district
Irish private equity group Quinlan Private is to enter into a £275 mln (EUR 364 mln) joint venture with British insurer Aviva to develop a key area of London's prestigious PaddingtonCentral quarter. According to a report in Friday' s edition of The Irish Independent, the deal between Quinlan and Aviva's ...
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PropertyEU Archive
Standard Life invests in 4 properties, begins fund-raising for new tranche of fund
Property fund manager Standard Life Investors said it has begun fund-raising for a third tranche of equity for its European Property Growth Fund. The third round of fund-raising comes as Standard Life announced the second tranche of the fund had been fully invested following investments in four properties for approximately ...
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PropertyEU Archive
Redevco acquires first Polish portfolio for EUR 35m
Dutch property company Redevco has purchased the Komfort portfolio which consists of 18 properties with a total retail space of around 30,000 m[sup]2[/sup] for around EUR 35 mln. The Polish retailer, Komfort, will continue to occupy all the buildings as a tenant for 10 years.
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PropertyEU Archive
CLS takes £25m loss on sale of stake in London Bridge Quarter project
London-listed property investment company CLS Holdings has sold its 33% stake in the London Bridge Quarter project to Zijaj Limited for £30 mln (EUR 40 mln). The stake comprises two property developments, the 72-storey skyscraper known as the Shard of Glass and New London Bridge House, both adjacent to the ...
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PropertyEU Archive
BVIC Group signs EUR 80m sale-and-leaseback deal
Athens-listed construction company and developer BVIC Group said it had signed an EUR 80 mln sale-and-leaseback deal with Emporiki Leasing and ATE Leasing. The 20-year agreement covers all of the lettable area, and common area, as well as the parking spaces of the development under construction at 340 Syggrou Avenue, ...
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PropertyEU Archive
Castellum units launch EUR 25m in construction projects
Swedish property developer Castellum said two of its wholly-owned subsidiaries had started construction on two new properties in Gothenburg set to cost EUR 25 mln, and acquired four commercial properties for EUR 15 mln.
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PropertyEU Archive
Teesland announces closing of Nordic Aktiv Fund 2
Teesland iOG, part of the Australian Valad Property Group, has announced the successful first closing of its commercial property Nordic Aktiv Fund 2. Following on from Nordic Aktiv Fund 1, the second fund raised EUR 90 mln, including Valad's EUR 7.5 mln co-investment. The fund will invest in high- yielding ...
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PropertyEU Archive
Union Investment buys Italian shopping centre from Carrefour
German property investor Union Investment Real Estate said it had acquired the Centro Commerciale Carrefour shopping centre in the Italian city of Pavia from French food retailer Carrefour for EUR 74 mln. The German firm plans to add the shopping centre, its first in Italy, to its open-ended real estate ...
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PropertyEU Archive
Blackrock-Lagan JV kicks off work on EUR 70m retail park
The joint venture set up by Dublin-based Blackrock International Land and Lagan Developments of Northern Ireland is set to start construction of its new 16,000 m[sup]2[/sup] Navan Retail Park on its 11.6-hectare site in Navan, 50 km outside Dublin. The project is expected to cost more than EUR 70 mln.
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PropertyEU Archive
Unibail-Rodamco unveil plans for asset sell-off
Franco-Dutch property giant Unibail-Rodamco has unveiled plans to sell off non-core parts of its Dutch and Belgian property portfolio. The company said the sell-off will include high-street shops, smaller shopping centres and offices, in line with plans to focus on ‘large-scale premium assets’.
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PropertyEU Archive
Evans Randall launches £1 bn fund for credit crunch 'opportunities'
Evans Randall, the UK investment banking and private equity group, has launched a fund to 'swoop' on high-quality commercial real estate assets being sold off by owners due to liquidity issues sparked by the credit crunch.
