Latest reports – Page 3588
-
PropertyEU Archive
Construction begins on Volga Industrial Park
Construction on the Volga industrial park commenced this week, Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) announced on Tuesday. The class-A property, located in the Nizhny Novgorod region of Russia, will be part of the Kstovo industrial park.
-
PropertyEU Archive
JV acquires Evora retail project for EUR 55m
Portuguese asset manager Imorendimento has completed the acquisition of a retail project near Lisbon from Portuguese company Guedol for a total of EUR 55 mln. The Evora scheme, currently under development, has been acquired by a consortium of Imorendimento, UK Madford Developments and Resolution Property. The 24,800 m[sup]2[/sup] retail development ...
-
PropertyEU Archive
CA Immobilien acquires Vivico RE for EUR 1bn
Austria's CA Immobilien announced on Wednesday that it has bought the German project development company Vivico Real Estate from the German government for EUR 1.03 bn. The acquisition is still subject to regulatory approval from the Austrian competition authority.
-
PropertyEU Archive
Corio names new CEO
Dutch listed property company Corio announced on Tuesday that Gerard Groener will succeed Jan de Kreij as CEO on 1 May 2008. De Kreij, who is 65 years old, has led the company since May 2004.
-
PropertyEU Archive
Ablon clinches hotel management deal with Marriott
Guernsey-registered Ablon Group has agreed a 30-year management contract with hotel operator Marriott International for Ablon's Blaha Center hotel development in central Budapest.
-
PropertyEU Archive
Fabege spends EUR 244m to expand Stockholm portfolio
Swedish property company Fabege is buying two office buildings in central Stockholm from peer Niam for a total SEK 2 bn (EUR 212 mln). The first property, Trängkåren 7, comprises around 56,000 m[sup]2[/sup] of lettable space, of which 47,000 m[sup]2[/sup] is office space. The second property, Grönlandet Södra 13, comprises ...
-
PropertyEU Archive
Italian company snaps up Villa d'Este
Italian real estate company Finanziaria Lago has acquired a 65% stake in the landmark Gran Hotel Villa d'Este on Lake Como in Northern Italy for a total of EUR 260 mln. The 101,000 m[sup]2[/sup] luxury complex, comprising a hotel and two private villas, was sold by Finanziaria Regina, owner of ...
-
PropertyEU Archive
OCE divests Dutch HQ in sale and leaseback
The Dutch division of office products company OCE has divested its headquarters in the city of Den Bosch to NW Office Fund I in a sale-and-leaseback transaction. The property provides a total lettable area of 10,630 m[sup]2[/sup] and was renovated in 2005. The financial details of the transaction were not ...
-
PropertyEU Archive
AXA fund acquires office park in Eschborn
AXA Investment Managers Deutschland, on behalf of its AXA Immosolutions fund, has acquired the Taunus office park in Eschborn on the outskirts of Frankfurt from a joint venture between German bank BayernLB and the Kehrer family . The financial details of the transaction were not disclosed. The building provides some ...
-
PropertyEU Archive
Teesland recommends Valad's offer
Property fund manager Teesland has agreed to a £1.91 per share offer from Australian peer Valad for the remaining 28% of Teesland that Valad does not already own. The offer values Teesland at £240 mln (EUR 337 mln).
-
PropertyEU Archive
Town Centre Securities sells retail properties for £30m
Town Centre Securities, the Leeds-based property investment and development company, is selling retail properties at The Malthouse and Fisherton Street in Salisbury along with development property in West Yorkshire to retailer Sainsbury's for a total of EUR 42 mln. The deal represents a net initial yield of 5.2%.
-
PropertyEU Archive
Degi buys Sunshine portfolio in Germany for EUR 155m
German property fund Degi has purchased the Sunshine portfolio from IVG Institutional Funds for a total volume of EUR 155 mln. The portfolio comprises seven properties in Berlin, Hamburg, Munich and Dusseldorf, as well as the regional centres Bonn and Nuremberg.
-
PropertyEU Archive
Grosvenor, Capmark JV shops in Paris
UK property company Grosvenor and global financial services firm Capmark Investments have jointly acquired two landmark office buildings in the 17th arrondissement of Paris from Deutsche Bank's real estate unit RREEF. Developed in 2000 by Capital & Continental, the properties, Colisée III and IV, provide a total of 23,000 m[sup]2[/sup] ...
-
PropertyEU Archive
Deutsche Bahn to sell 490 properties
Deutsche Bahn announced on Tuesday that it is selling 490 train station buildings to a consortium consisting of London-based Patron Capital and Hamburg property firm Procom Invest. No financial details were disclosed.
-
PropertyEU Archive
Scenari Immobiliari: Italian real estate funds up 25% in 2007
Italian real estate funds are set to increase in value from EUR 19.36 bn in 2006 to EUR 24.2 bn by the end of 2007, according to the latest research report by Italy's research institute Scenari Immobiliari. This represents an increase of 25% year-on-year compared to 2006. Scenari Immobiliari is ...
-
PropertyEU Archive
Skanska to build shopping centre in Norway
The Norwegian unit of construction giant Skanska has been awarded the contract to build one of Norway's largest shopping centres, Amfi Steinkjer, on the outskirts of the city of Trondheim. The contract with by Amfi Bygg Steinkjer and Coop Steinkjer amounts to EUR 50 mln.
-
News
Two in three funds eye real estate
NORDICS - Nearly two-thirds of pension funds in Norway, Sweden and Denmark intend to invest in non-listed real estate in the future, according to a survey by Lymos BV Real Estate Capital Advisors.
-
News
ABP advised to sell Corio
NETHERLANDS - Dutch pension fund ABP should sell its 37% share in Corio to one of the developers circling the Dutch real estate firm, according to sector analysts.
-
News
Pension fund JV acquires €200m office
GERMANY - A three-way German office partnership involving ABP and ATP Ejendomme, the real estate subsidiary of the €49.6bn Danish pension scheme, has invested almost a third of its target capital with the €200m acquisition of two nationwide portfolios.
-
News
Green building ‘will define class A’
UNITED STATES - Tenant demand will eliminate non-green new-build real estate in the US, according to a report published by Prudential US’ subsidiary Pramerica Real Estate Investors.
