Latest reports – Page 3599
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PropertyEU Archive
Dynamique buys 19 Bonsai Hotels
Dynamique Hôtels, a hotel investment company founded by CBRE Investors, has acquired a portfolio of 19 Bonsai Hotel sites providing about 1,000 rooms. The financial details were not disclosed. The hotels are located in the French cities of Avignon, Belfort, Caen, Calais, Cergy, Cherbourg, Colmar, Dijon, Martigues, Marseille, Vitrolles, Metz, ...
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PropertyEU Archive
Prupim enters Belgian market with EUR 40m acquisition
British real estate investment manager Prupim has acquired the long leasehold interest in the Woluwe Atrium office property in Brussels on behalf of the M&G European Property Fund. The purchase of the office complex from Belgian-Dutch financial services group Fortis for EUR 39 mln reflects a yield of about 5.7%. ...
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PropertyEU Archive
DIC plans capital increase to benefit from German market revival
German real estate investor DIC Asset said on Monday that it plans to launch a capital increase to fund further growth. The company will issue more than 2.8 million new shares at a price of EUR 21.90 each, near to last Friday's closing price of EUR 21.94. The proceeds of ...
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PropertyEU Archive
ICSC Europe announces finalists for 2008 Shopping Centre Awards
The International Council of Shopping Centers Europe (ICSC Europe) has released the list of finalists for the 2008 European Shopping Centre Awards. ICSC Europe, which presents awards every year to the best new and refurbished or extended retail developments in Europe, said that 22 shopping centres from 11 countries made ...
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PropertyEU Archive
Vastned Retail opens books to potential bidders
Dutch listed retail property fund Vastned Retail is to give potential bidders access to its books to carry out a due diligence investigation. 'The board of management and the supervisory board feel that the interests of all the shareholders to realise the highest offer possible is best served by this ...
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PropertyEU Archive
Philips pension fund centre of corruption probe
Philips Real Estate Investment Management, part of the Dutch electronic giant's pension fund, is at the centre of a major investigation into corruption and bribery in the Dutch property investment sector, it emerged last week. The company itself is not under suspicion, but a current and former employee have been ...
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PropertyEU Archive
Victoria takes a lease on 4,000 m² in Global Gate
German insurance company Victoria Versicherung has agreed a lease on around 4,000 m[sup]2[/sup] of space in the Global Gate office complex in Düsseldorf. From January 2008 about 270 employees will find their new office in the complex. Colliers Trombello Kölbel Immobilienconsulting acted exclusively as consultant and estate agent for Victoria.
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PropertyEU Archive
Realia sells another 5% of SIIC for EUR 36m
Spain's real estate company Realia, a joint venture between Fomento de Construcciones y Contratas (FCC) and Caja Madrid, is selling 5% of its French unit Sociedad SIIC to Dos Mil Doscientos Uno, for EUR 36 mln. The stake is being sold at a price of EUR 366 per share, which ...
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PropertyEU Archive
3i mulls stake in Dutch developer TCN
UK buy-out firm 3i is in talks to acquire a substantial stake in Dutch property company TCN Property Projects, according to a report in financial newspaper Financieele Dagblad. TCN confirmed on Friday the media reports to PropertyEU's sister publication PropertyNL.
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PropertyEU Archive
ICSC pushes Europe-wide standard for sustainable buildings
The International Council of Shopping Centers (ISCS) has called for the development and adoption of a Europe-wide BREEAM standard for the sustainable assessment of buildings in the wake of the European Commission's push for improved energy efficiency in buildings.
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PropertyEU Archive
Dutch pension funds discuss merger
ABP, the largest pension fund in the Netherlands, is holding exploratory talks with Dutch pension fund Cordares about a merger that would result in one of the world's largest collective schemes managing EUR 245 bn for almost four million members.
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PropertyEU Archive
TAG 9-mth net EUR 7 mln vs EUR 1.7 mln yr-earlier
German property investor TAG said Thursday its consolidated profit for the nine months to end-September came in at EUR 7 mln, compared with EUR 1.7 ml in the year earlier period. Revenues rose to EUR 58.3 mln, from EUR 57.6 mln a year earlier.
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PropertyEU Archive
JLL buys UK sustainability specialist
Jones Lang LaSalle announced on Friday the acquisition of Upstream, the UK's leading real estate sustainability services practice. The 30-strong London-based Upstream team already counts among its clients a significant and growing portion of the UK's leading occupiers, developers and investors.
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PropertyEU Archive
Unibail-Rodamco to accelerate greenfield projects
Unibail-Rodamco, Europe's largest listed real estate company, aims to develop retail greenfield projects, Chief Operating Officer Michel Dessolain said in an interview with PropertyEU at the Mapic retail fair in Cannes. Current new retail project represent a pipeline of 1.1 mln m[sup]2[/sup] including expansions and new developments, Dessolain added.
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PropertyEU Archive
Unibail-Rodamco holds 98.4% of Rodamco Europe
Franco-Dutch property giant Unibail-Rodamco said on Thursday that it has purchased a further 2,342,314 Rodamco Europe shares at an average price of EUR 96. This takes Unibail-Rodamco's stake in Rodamco to 98.4%.
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PropertyEU Archive
Continental European retail deals in Q3 total EUR 7 bn
The volume of retail transactions in continental Europe in the third quarter of 2007 stood at EUR 7 bn, according to figures from Jones Lang LaSalle released at MAPIC. Although the third-quarter figure was slightly down from the previous three month period, Jones Lang LaSalle noted it still represents ...
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PropertyEU Archive
Degi sells EUR 600 mln German portfolio to Oaktree
German property fund company Degi Deutsche Gesellschaft fur Immobilienfonds has sold a portfolio of 12 properties in its home market to companies or funds managed by US private equity firm Oaktree Capital Management.
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PropertyEU Archive
CEE will show best retail returns in 2008, says ING RE
ING Real Estate expects to see the best retail returns for 2008 in Central and Eastern European shopping centres, with strong rental growth likely to continue in France, Sweden and Finland. Good rental performance is also expected in the Netherlands, Italy and Germany, the real estate giant said in its ...
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PropertyEU Archive
Amsterdam's GETZ Centre wins MAPIC retail award
Amsterdam's GETZ Entertainment Centre project has emerged as the winner of the leisure category award of the EG Retail and Future Projects Awards 2007 issued at MAPIC.
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PropertyEU Archive
Redevco acquires Generali complex in Vienna
Redevco Central Europe is buying the Generali Center on Vienna's Mariahilfer Straße from insurer Generali Versicherung. The shopping and office centre, built in 1977 in a prime Viennese shopping location, comprises almost 5,000 m[sup]2[/sup] of sales area and over 8,900 m[sup]2[/sup] of office space. A car park offering 220 ...
