Latest reports – Page 3593
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PropertyEU Archive
Trump's £1 bn masterplan rejected
Donald Trump's masterplan for a £1 bn (EUR 1.4 bn) golf resort in Aberdeen, Scotland, has been rejected by Aberdeenshire councillors, according to BBC News. Last week, the American billionaire's controversial project received outline planning approval from a first committee of the Aberdeenshire council, but on Thursday it was rejected ...
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PropertyEU Archive
Nexity wins management contract for 77 Citigroup properties
French property company Nexity said that its Nexity-Saggel unit has been awarded a property management contract from Citigroup covering 77 public services sites in France. The bidding contest was organized by DTZ Asset Management. The properties are located in the Paris region, Rhone-Alpes region and Eastern France.
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PropertyEU Archive
Hypo RE finances EUR 360m of European loans
German bank Hypo Real Estate said that it has provided loans over the last month worth a total of circa EUR 360 mln. The financing facilities consist of an EUR 45 mln multi-country loan to the AIM-listed Ablon Group, on 13 November 2007, to refinance a portfolio of two office ...
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PropertyEU Archive
Quinlan Private sets up EUR 450m JV in Hungary
Irish property investor Quinlan Private announced on Thursday that it is teaming up with Hungarian real estate developer SCD Group in a EUR 450 mln development programme at Lake Balaton, Western Hungary. The investment programme will be led by SCD and QP's development arm in Central and Eastern Europe, Quinlan ...
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PropertyEU Archive
AEW Europe-Curzon's Central European fund raises EUR 377m
AEW Europe/Curzon has announced that its Central European fund PBW II raised equity of EUR 377 mln following the final closing. PBW II is the follow-on fund to the successful value-added central European closed-end PBW I with an existing portfolio of about 200,000 m[sup]2[/sup] of assets in Budapest, Warsaw and ...
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PropertyEU Archive
M&B mulls property spin-off
UK pub chain Mitchells & Butlers said on Thursday that it is considering transferring its property assets into a real estate investment trust and added it has received a proposal from R20, the investment vehicle of UK-based property tycoon Robert Tchenguiz, regarding the new tax-efficient vehicle. The move is ...
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PropertyEU Archive
Beos acquires Carlswerk complex
Berlin-based Beos, on behalf of an international group of investors, has acquired the Carlswerk mixed-use complex in Cologne-Mülheim in an off-market transaction from NKT Cables. Financial details were not been disclosed.
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PropertyEU Archive
French state sells Paris property for EUR 142m
The French government announced on Thursday that it has sold the 7,000 m[sup]2[/sup] Montesquieu property in the seventh arrondissement of Paris for EUR 142 mln. The building, which currently houses the French foreign aid ministry, has been sold to a French unit of a Russian company listed in London and ...
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PropertyEU Archive
JLL acquires Group Tetris in France
Jones Lang LaSalle said on Thursday that it has acquired Group Tétris, an office design, site management and business relocation company in France. The purchase is aimed at reinforcing JLL's 'ability to support businesses throughout the entire lifecycle of their real estate projects'. Financial details of this transaction were not ...
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PropertyEU Archive
Rugby's 'exit REIT' makes offer for property investor
Rugby Estates Investment Trust (RugbyReit) has made an offer worth £21.5 mln (EUR 30 mln) to aquire the entire share capital of George Philip Properties Group (GPPG) from private investors. GPPG has assets in London and Northern Ireland valed at £26.7 mln which generate a rental income of £1.1 ...
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PropertyEU Archive
Canadian pension fund buys 50% of London office complex
Land Securities is selling a 50% stake in its Thomas More Square Estate in London for £131.5 mln (EUR 184 mln), just four months after acquiring the property for £250 mln from Axa REIM and GIC, Singapore's investment arm. In a statement on Thursday, Land Securities said the stake is ...
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PropertyEU Archive
IVG buys Clearstream HQ in Luxembourg for EUR 350m
German property company IVG Immobilien is buying the Luxembourg headquarters of Clearstream International, Deutsche Boerse Group's securities settlement and custody provider, for EUR 350 mln. The complex in the Kirchberg area of Luxembourg City comprises four buildings, and Clearstream is to lease back the two it is using. Deutsche Boerse, ...
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PropertyEU Archive
Cofinimmo buys office building in Brussels
Belgian listed property company Cofinimmo has acquired an 8,000 m[sup]2[/sup] office building in Brussels for EUR 14 mln. The four-storey property at Boulevard de la Woluwe 102 was previously occupied by Hewlett Packard but is now vacant. Confinimmo said the property would be entirely renovated, taking into account the possible ...
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PropertyEU Archive
ING Real Estate acquires North Port Mall in Yokohama City.
ING Real Estate has added to its Asian Retail Fund with the purchase of the 56,300 m[sup]2[/sup] North Port Mall in Yokohama City. The nine-storey, fully-let shopping centre opened last April and was acquired from a special purpose company operated by a real estate fund operator. The financial details were ...
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PropertyEU Archive
Quintain, Lend Lease plan new business district in London
British property company Quintain and Australian-listed Lend Lease have announced the launch of a new business district at London's Greenwich Peninsula. The cornerstone to the scheme is the agreement with Transport for London to take a 20-year lease on 12,500 m[sup]2[/sup] of space in the new Peninsula Central business district.
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PropertyEU Archive
Commerz Real makes first acquisition in South Korea
Commerz Real, the German property asset manager, has purchased the Choongmuro Tower in the South Korean capital Seoul for its open-end real estate fund Hausinvest Global. The purchase from Movie ABS, a subsidiary of Merrill Lynch, was the first by Commerz real in South Korea. The financial details were not ...
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PropertyEU Archive
Top rents in London's West End surpass City
Top prime rents in the London's West End core business district are nearly double those in the City of London - the largest ever disparity between the two main markets in the British capital, research by property advisor CB Richard Ellis has established.
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PropertyEU Archive
GPT Halverton purchases office building in Berlin
GPT Halverton has acquired an office complex in Berlin for its H2O fund from Hippon Verwaltungsgesellschaft, a joint venture of IVG Development and Provinzial Versicherung. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Goodman creates EUR 950m European logstics fund
Australian property group Goodman has merged its Celogix Property Fund into the Goodman European Logistics Fund (GELF) to create one of the largest logistics fund in Europe. The combined fund has 45 logistics assets in nine European countries and a gross value of EUR 950 mln.
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PropertyEU Archive
Patrizia spends EUR 200m on German real estate
Listed property company Patrizia has acquired residential and commercial properties in Germany for EUR 200 mln on behalf of its Patroffice co-investment joint venture with the Dutch pension fund ABP and the real estate unit of Denmark's ATP pension company.
