Latest reports – Page 3577
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PropertyEU Archive
NSI carries out first international deal
Dutch property investor Nieuwe Steen Investments (NSI) has moved outside its home market for the first time with the acquisition of a shopping centre in Switzerland. The company has reached agreement with a Swiss seller on the purchase of the Herti mall in Zug for CHF 35 mln (EUR 21 ...
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PropertyEU Archive
Wichford moves to LSE's main market
Wichford, the UK property investment company, has confirmed it transferred from AIM to the main market of the London Stock Exchange at the end of December.
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PropertyEU Archive
DIC sells four properties in Hamburg
Listed German real estate investor DIC Asset said it sold several co-investment properties in Hamburg at end-December to various investors for a total volume of EUR 31 mln. One office property from the value-added segment of DIC's portfolio was sold to an international institutional investor for over EUR 25 ...
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PropertyEU Archive
AREIM Fund 1 acquires 25,000 m[sup]2[/sup] in Stockholm suburb
AREIM Fund 1 purchased the Borgarfjord 3 and 5 properties from SEB Trygg Liv in late December. The properties are located on Torshamnsgatan in the Kista suburb north of Stockholm and contain a combined 25,000 square meters of office and commercial space. The tenant at Borgarfjord 5 is Sony Ericsson, ...
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PropertyEU Archive
Grainger buys farm and residential estate in Staffordshire
Grainger, the UK's largest listed residential property owner, has exchanged contracts to purchase The Ranton Estate, an agricultural and residential complex in Staffordshire, from its trustees for almost EUR 47 mln. The estate produces an annual rent of just over EUR 1 mln.
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PropertyEU Archive
Skanska to expand Tallinn shopping centre
Swedish construction company Skanska has been awarded a EUR 33 mln contract to continue the expansion and renovation of the Rocca al Mare shopping centre in the Estonian capital Tallinn. The customer is Rocca al Mare Kaubanduskeskus, owned by Finnish real estate company Citycon.
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PropertyEU Archive
Homburg acquires Baltic portfolio for EUR 185m
Homburg Invest has finalised the acquisition of the Baltic portfolio from SEB Group for EUR 185 mln. The transaction was concluded in late December after being announced in April last year. The portfolio consists of 54 properties located in Estonia, Latvia and Lithuania.
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PropertyEU Archive
FTSE EPRA/NAREIT index down 4.8% in December
The FTSE EPRA/NAREIT Global Real Estate Index fell again at the end of 2007, finishing at -4.8% in December. Global equity markets (-5.5%) also headed down, while the bond market was neutral for the month. All three real estate regions fell back in December. Asia-Pacific real estate fell 5.2%, Europe ...
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PropertyEU Archive
Colonial plays down talk of further asset sales
Troubled Spanish property giant Colonial said on Wednesday it had not taken any steps to sell its 15% stake in Spanish construction company FCC. The company's statement was issued in response to a report in newspaper Cinco Dias that cited unnamed sources close to Colonial's board as saying it might ...
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PropertyEU Archive
Banimmo lists in Paris
Belgian real estate company Banimmo listed on Euronext Paris at the end of December to enable it to opt for SIIC status, the French equivalent of a real estate investment trust (REIT). From its head office in Brussels, Banimmo is active in Belgium, France and Luxembourg both in the office, ...
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PropertyEU Archive
Jelmoli serves arbitration notice on Delek consortium
Jelmoli has begun legal proceedings against the Israeli-led consortium that pulled out of the EUR 2 bn deal to buy a portfolio of 88 properties from the Swiss department store group. AIM-listed Delek Global Real Estate (DGRE) confirmed on Wednesday that it received notification on 31 December of the commencement ...
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PropertyEU Archive
Brixton spends EUR 96m at Heathrow
Brixton plc, the UK-listed warehouse and industrial property investor, has made two investments in its core Heathrow market for a total of £71 mln (EUR 96 mln). In the largest of the two deals, Brixton acquired Heathrow Gateway, Feltham, from an unnamed vendor for EUR 86.5 mln.
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PropertyEU Archive
Sjaelso sells retail and residential projects
Danish real estate company Sjaelso Gruppen has announced the sale of two retail projects in Sweden, 75% of a residential project in Poland and 50% of a new residential investment company. Sjaelso said it expects profit before tax of DKK 700 mln (EUR 94 mln) for 2007 in light of ...
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PropertyEU Archive
IVG to launch REIT early in 2008
German property investment company IVG Immobilien said it plans to launch a real estate investment trust (REIT) through an initial public offering early next year. The future REIT would be made up of German office properties worth around EUR 3.5 bn, IVG said in a statement. It will hold a ...
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PropertyEU Archive
Colonial replaces Portillo, sells asets amid stock market plunge
Luis Portillo has resigned as chairman of Spanish property giant Inmobilaria Colonial after the firm's shares went into freefall just days before market trading for 2007 closed. Colonial shares lost almost 40% in value in the two days to 28 December, prompting the company to issue a statement that Portillo ...
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PropertyEU Archive
CapMan reports FY 2007 net of EUR 24.2m
Finnish property investor CapMan reported net profit for full-year 2007 of EUR 24.2 mln on Thursday, up from EUR 12.4 mln a year earlier. Profit attributable to shareholders was EUR 18.6 mln, up from EUR 11.5 mln, representing full-year earnings per share of EUR 0.24, compared with EUR 0.15 a ...
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PropertyEU Archive
DDC enters Croatian market with supermarket deal
Retail property investment company Dawnay, Day Carpathian (DDC) has acquired six supermarkets in Croatia for a total sum of EUR 53.7 mln, representing an initial yield of 7.65%. The deal is DDC's first in Croatia. DDC said it will acquire four Croatian special-purpose vehicles that own the stores and will ...
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PropertyEU Archive
Unibail-Rodamco buys into Austrian retail complex
Unibail-Rodamco has reached agreement with private family trust Hans Dujsik Privatstiftung on the acquisition of 140,400 m[sup]2[/sup] in Shopping City Sud in Vienna, Austria's largest retail and leisure complex. Financial details were not disclosed. The transaction is expected to close n the second quarter of 2008 and will give Unibail-Rodamco ...
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PropertyEU Archive
London retains position as top legal centre
London reaffirmed its position as Europe's legal hub over the first nine months of 2007, accounting for 47% of the total office space let to law firms in 16 top legal centres, according to the latest EMEA Legal Services Business Briefing published by real estate consultant Cushman & Wakefield.
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PropertyEU Archive
Hansa Invest set to buy Hammerson's One London Wall
German fund manager Hansa Invest is reportedly set to buy the 125-year leasehold interest in the new City of London development, One London Wall, from UK developer Hammerson and Japanese construction firm Kajima. According to UK real estate publication Property Week, Hansa Invest is spending some £145 mln for the ...
