Latest reports – Page 3596
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PropertyEU Archive
London retains financial crown - DLA Piper
London will retain its position as the world's leading financial centre despite current market conditions, according to a survey of more than 100 of the leading real estate directors in the UK. The survey was conducted with chief executives, chief financial officers and directors who recently attended a real estate ...
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PropertyEU Archive
Expo Italia 2008 to focus on sustainability
Sustainability is set to be one of the main themes of the 2008 edition of Expo Italia Real Estate (EIRE), slated for 10-13 June at Milan's trade fair on the outskirts of the city. To that end, organisers say a special forum will be held to discuss the theme ...
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PropertyEU Archive
Meinl European Land to be booted off Vienna prime market segment
Vienna Stock Exchange has announced it has terminated its contract with Meinl European Land (MEL) to trade on the bourse's Prime Market segment. The decision came days after the country's Financial Services Authority said the company had provided misleading information about a share buyback. The exchange said that the company ...
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PropertyEU Archive
GPT Halverton buys light industrial asset portfolio for EUR 32m
GPT Halverton said it has acquired a portfolio of light industrial assets in North Rhine-Westphalia, Germany for its EB8 logistics fund, for EUR 32.2 mln. In total, GPT Halverton acquired five properties at two sites, totalling 82,500 m[sup]2[/sup] of net lettable area, in the towns of Loehne and Bad Oeynhauses. ...
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PropertyEU Archive
Rowan transfers property management to Imoplan and Skim
Rowan Asset Management announced on Friday that it has awarded a contract to a joint venture of Imoplan and Frankfurt-based Skim for the property management of the EUR 180 mln Andreas property fund in Germany. Rowan acquired the private equity German property fund in March 2006. The 100,000 m[sup]2[/sup] portfolio ...
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PropertyEU Archive
Santander books EUR 800m capital gains from office sale
Spanish bank Santander has sold an network of almost 1,200 bank premises to Sun Capital Partners, insurer Pearl Group and Drago Real Estate Partners for EUR 2 bn. The bank said it has booked EUR 800 mln in capital gains from one of the largest commercial real estate transactions in ...
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PropertyEU Archive
Top 5 deals of Week 47 (19-23 November)
Santander was once again at the centre of the major real estate deals of the week when it was announced on Friday that Sun Capital Partners is to buy 1,200 retail branches from the Spanish bank for EUR 2 bn. A week earlier Santander sold 10 office buildings for EUR ...
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PropertyEU Archive
C&W buys retail warehouse specialist Petch Hall
Property consultancy Cushman & Wakefield has acquired peer company Petch Hall, a retail warehouse specialist based in the North of England. No financial details were disclosed. The firm's owners, Chris Petch and Andy Hall, will both join C&W as partners and will be based at C&W’s Manchester office.
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PropertyEU Archive
Corio to sell office, industrial property
Dutch property firm Corio has confirmed it will sell off its office and industrial property portfolio. The move follows an investigation into the sell-off announced on 31 August. Corio said it still plans to complete the sale in the first half of 2008. The company has hired Jones Lang Lasalle ...
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PropertyEU Archive
Fabian Romania hires joint broker, PR firm
Fabian Romania has hired KBC Peel Hunt as joint broker to act alongside it current advisers Deloitte Corporate Finance and Shore Capital Stockbrokers. KBC Peel Hunt is part of the KBC financial services group.
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PropertyEU Archive
Gecina and Metrovacesa split, share-swap goes ahead
French property firm Gecina said Thursday it had gone ahead with the proposed share swap with and separation from Spanish property giant Metrovacesa, bringing to an end the dispute between Metrovacesa's three main shareholders, the Sanahuja family, Joaquin Rivero and Bautista Soler. Following the move, Rivero and Soler are ...
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PropertyEU Archive
AFI takes stake in Moscow tower project
AFI Development, a property developer focused on the Russian market, has taken a 51% stake in the Botanic Garden mixed use project in northern Moscow for about EUR 14 mln. The 187,000 m[sup]2[/sup] Botanic Garden development includes three residential towers with a total lettable space of 67,000 m2, 14,700 ...
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PropertyEU Archive
Telereal to snap up EUR 1bn RBS portfolio
UK property company Telereal is reportedly on the verge of acquiring real estate worth over EUR 1 bn from the Royal Bank of Scotland. The 200,000 m[sup]2[/sup] portfolio of 63 office and high-street bank properties, including the Queen's bank Coutts, generates an annual rent of more than EUR 65 mln. ...
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PropertyEU Archive
Aberdeen fund buys retail property in Belgium
Aberdeen Property Investors said on Thursday that one of its pan-European funds, Aberdeen European Balanced Property Fund, has acquired Zilverpand shopping centre in the Belgian city of Bruges from Vastgoed-beleggingsmaatschappij APF IV and Zilverpand. The 4,450 m[sup]2[/sup] mall consists of 25 units and is fully let. Cushman & Wakefield acted ...
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PropertyEU Archive
PIK acquires site in Perm
PIK plans to construct an urban area with 1.1 million m[sup]2[/sup] of net sellable space on an 124-hectare site the Russian residential developer has acquired in the Russian city of Perm. The development will be the first phase on a large site totalling 500 hectares which the local authorities in ...
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PropertyEU Archive
PPFs raise over £800m in Q3
Despite nervousness in the financial markets, UK pooled property funds (PPFs) continue to attract new investment, according to the Association of Real Estate Funds (AREF). AREF, which recently published its Investment Quarterly for Q3 2007, said that over £800 mln was raised in Q3 with increased inflows from existing pooled ...
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PropertyEU Archive
First Property H1 pre-tax profit £1.6m, up 167%
AIM-listed First Property Group on Thursday reported pre-tax profit for the six months to end-September were up 167% at £1.6 mln (EUR 2.22 mln), as diluted earning per share grew by 174% to 96p. The company said it would pay its first dividend, set at 0.15 pence per share. Revenues ...
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PropertyEU Archive
Orco unveils five projects across Europe
Orco Property Group has unveiled plans for five new development projects in Berlin, Bratislava, Budapest and Prague. The company announced at the Mapic fair in Cannes last week that it will transform a Unesco World heritage site on Andrassy Avenue in Budapest into a modern mixed-use project. The second Hungarian ...
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PropertyEU Archive
Chagala in Aksai residential joint venture
Kazakh real estate developer Chagala Group has signed a joint venture agreement with Maverick, a company based in the town of Aksai to renovate, own and operate a residential and recreational facility in the centre of the town. The joint venture company expects to become fully operational in the second ...
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PropertyEU Archive
Unibail-Rodamco names CEO of new development unit
Unibail-Rodamco, Europe's largest listed real estate company, has appointed Bertrand Julien-Laferriere to lead its new development unit, Unibail-Rodamco Development.
