Latest reports – Page 3600
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PropertyEU Archive
Forum Coimbra, retailers win MAPIC Awards 2007
Forum Coimbra, the shopping mall developed by Multi Development Portugal and Promotora Imobiliaria in Coimbra, Portugal has won the Mapic shopping centre award for 2007. The category for shopping centres was introduced for the first time this year.
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PropertyEU Archive
ING tipped to buy two Italian malls
ING is close to acquiring two shopping centres in Italy, newspaper Quotidiano Immobiliare reported last week. The Dutch financial giant is reportedly competing with Henderson for the two retail properties. The assets are being sold by a real estate fund owned by Schroders. They include 'Le Vele', the largest shopping ...
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PropertyEU Archive
Greene King buys New Century Inns for £33m
UK pub chain Greene King has bought New Century Inns (NCI) for about £33 mln (EUR 45 mln) including debt. The company said that the acquisition is part of a move to strengthen its position in the North and North East of England.
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PropertyEU Archive
Turkish retail sector remains strong, says Jones Lang La Salle
Turkey's retail sector continues to be the country's strongest property investment sector, with about EUR 370 mln in transactions completed thus far in 2007, according to Jones Lang LaSalle's latest Turkish Shopping Centre Market Update, released at the Mapic retail fair in Cannes this week.
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PropertyEU Archive
Hilton Garden Inn expands in Russia
Hilton Garden Inn announced on Friday that it has signed its first hotel agreement to launch the brand in the Russian city of Perm. The company will transform the existing Plaza Olympia hotel in the city to the new Hilton Garden Inn Perm which is scheduled to open ...
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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
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 ...
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PropertyEU Archive
Rynda acquires Unick portfolio
Real estate investment company Rynda Property Investors announced on Thursday that its French fund Rynda en Primeur has completed the purchase of the Unick portfolio for little over EUR 34 mln. The portfolio comprises 13 buildings of which 10 are located in major regional cities and three are in or ...
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PropertyEU Archive
Fonciere Atland shops in Toulouse
Euronext-listed Fonciere Atland has reached an agreement for the acquisition of seven offices for EUR 31 mln, excluding tax. The assets are being sold by Midi Fonciere, a subsidiary of Caisse d'Epargne Midi Pyrénées. They include a total area of 17,100 m[sup]2[/sup] of offices and about 8,700 m[sup]2[/sup] of ...
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PropertyEU Archive
STE sees Viseo building fully let by year-end
French SIIC Société de la Tour Eiffel (STE) said last week that developer Cibex has delivered its 11,800 m[sup]2[/sup] Viseo office complex. The building, which is located in Montbonnot, a decentralized science park north of Grenoble, will now be occupied by Schneider Electric Industries, Eaton, Thales and Tiempo. Some 55% ...
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PropertyEU Archive
ING REIM buys EUR 100m Antares building
ING REIM confirmed on Friday that it has acquired the Antares office building located in Boulogne-Billancourt, in the French Hauts-de-Seine region. The building was bought on behalf of ING Assurance from a fund managed by Schroder Property Investment Management. It provides about 10,200 m[sup]2[/sup] of space and is completely let ...
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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
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
Sacyr 'open to any offer' for its 33% stake in Eiffage
Spanish services and construction firm Sacyr Vallehermoso said on Wednesday that it is willing to sell its 33% stake in French public works firm Eiffage, after its takeover plan for the company failed earlier this year. 'We are open to receiving any offer,' said Sacyr chairman Luis del Rivero, in ...
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PropertyEU Archive
ING Real Estate shifts focus to major area development
ING Real Estate has redrawn its business strategy to focus principally on major regeneration projects in cities. Until now, the development arm of the Dutch property company has undertaken both small-scale and large-scale area development schemes.
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PropertyEU Archive
Santander in EUR 458m sale-and-leaseback deal with Ortega
Spanish financial giant Banco Santander confirmed that it has sold 10 historic properties to Grupo Pontegadea, the investment vehicle of Inditex chairman Amancio Ortega. The investment volume comes to EUR 458 mln. The bank added that the transaction will generate capital gains of EUR 216 mln. The Spanish lender has ...
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PropertyEU Archive
IPD UK monthly index continues to slide
Total returns on the IPD UK Monthly Index fell for the third consecutive month in October, dropping 1.5% month-on-month after sliding 1.2% in September. The October performance was the second-worst since the index began in January 1987, beaten only by the performance in May 1990, IPD Impulse said.
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PropertyEU Archive
Unibail-Rodamco to set up separate development company
Unibail-Rodamco, Europe's largest listed real estate company, aims to set up a new company for its retail development activities in December, Chief Operating Officer Michael Dessolain said in an interview with PropertyEU at the Mapic retail fair in Cannes. The new company, whose name has not yet been disclosed, will ...
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PropertyEU Archive
Gruppo Basso to develop first mall in Italy's Veneto region
UK-based asset manager Pantheon Retail will carry out the retail management of Gruppo Basso's Roncade outlet mall near Treviso, northern Italy, Gruppo Basso announced on Thursday. The shopping mall is being developed by Gruppo Basso's subsidiary Lefim, and is set to become the first retail outlet in Italy's Veneto region. ...
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PropertyEU Archive
Moscow ranks as Europe's most expensive retail location, says CBRE
After seeing prime retail rents rise by over 25% over the last 18 months, Moscow is now the most expensive retail location in Europe and the second most expensive in the world, according to the Global Retail Destinations Ranking from CB Richard Ellis (CBRE). Demand for prime space in Moscow ...
