Latest reports – Page 3601
-
PropertyEU Archive
Intesa Sanpaolo set to launch EUR 1 bn SIIQ
Intesa Sanpaolo's management board this week approved the launch of a real estate investment trust, known in Italy as Societa di Investimento Immobiliare Quotate (SIIQ). In a statement, the company said that the new investment vehicle will have a real estate portfolio of about EUR 1 bn. Intesa Sanpaolo added ...
-
PropertyEU Archive
Boetzelen secures EUR 128m financing for retail expansion
German real estate investor Boetzelen said Thursday it had secured financing of EUR 128 mln from German bank Coralcredit. Boetzelen plans to use the funds to expand its retail property portfolio.
-
PropertyEU Archive
C&W wins European retail advisor accolade
Cushman & Wakefield has been named European Retail Property Adviser of the Year for the second consecutive year at the EG Retail & Future Project Awards at the Mapic retail real estate fair in Cannes. UK real estate magazine Estates Gazette launched the awards in 2006 to recognise excellence ...
-
PropertyEU Archive
British Land NAV dips 3% in Q2
UK property firm British Land said its net asset value per share dipped 3% in the second quarter to end-September, wiping out first-quarter gains and leaving net asset value per share unchanged at 1682 pence for the first half. The total value of the company's property portfolio dipped by ...
-
PropertyEU Archive
Segro agrees EUR 160m leaseback with DHL
UK-based Segro is purchasing 36 logistics buildings in France for just under EUR 160 mln from global express delivery company DHL in a sale-and- leaseback deal. The properties provide a total annual rent of EUR 11.2 mln, representing a net initial yield of 7%. Segro said the portfolio offers 'both ...
-
PropertyEU Archive
CBRE: impact of credit squeeze set to deepen in Q4
The full impact of the credit squeeze has yet to be seen in the property investment market, according to John Welham, head of EMEA retail investment at CB Richard Ellis. Welham, who was speaking at the presentation of the European Shopping Centre Digest 2007 at the Mapic retail fair in ...
-
PropertyEU Archive
Teorema looking to raise EUR 341m via London IPO
Russian property developer Teorema is planning an initial public offering of global depositary receipts (GDRs) on the London Stock Exchange, to finance the expansion of its property portfolio. The company is looking to raise $500 mln (EUR 341 mln) through the IPO before the end of this year. 'The ...
-
PropertyEU Archive
London & Stamford disposes of Belgian holdings
London & Stamford Properties has sold its portfolio of Belgian warehouse units in the first transaction since the company's EUR 408 mln flotation on the AIM junior market of London Stock Exchange last week. The sale to Belgian-based real estate investment trust Ascensio for just over EUR 30 mln leaves ...
-
PropertyEU Archive
Linstow launches largest retail development in Baltics
Linstow Centre Management has launched its 250,000 m[sup]2[/sup] Riga Retail Park development to coincide with the annual Mapic retail real estate trade fair in Cannes. The property development company, which focuses on North Eastern Europe, said it would be the largest retail development under single ownership and management in the ...
-
PropertyEU Archive
EPI leases De La Gardie shopping centre to Lindex
Finnish real estate equity fund Evli Property Investments (EPI) Baltic I has signed a long-term lease agreement with Swedish fashion chain Lindex for De La Gardie shopping centre in Tallinn. The lease covers three floors of premises and includes most of the 2,100 m[sup]2[/sup] rentable area. Lindex also has an ...
-
PropertyEU Archive
Immofinanz issues EUR 750m convertible bonds to cut debt
Listed Austrian real estate company Immofinanz said on Wednesday that it is to issue EUR 650 mln in convertible bonds to help reduce the company's bank debt and to bring about a 'stark reduction' in financing costs. There is an option to increase the bond issue by EUR 100 mln.
-
PropertyEU Archive
Skanska wins EUR 246m construction contract in UK
Swedish-based developer Skanska has been awarded a GBP 174 mln (EUR 246 mln) contract to redevelop Manor Hospital in Walsall, a large industrial town in the British West Midlands. Skanska itself will invest a total GBP 8.2 mln in the 33-year PFI scheme, giving it a 50% interest in the ...
-
PropertyEU Archive
Rental growth boosts Colonial nine-month profit
Spanish real estate company Immobiliaria Colonial reported net profit rose 7.2% to EUR 356.8 mln in the first nine months of 2007 compared with the year-earlier period on revenues of EUR 629.4 mln. Operating profit before interest amounted to EUR 662.6 mln, an increase of 4.5%, while net asset value ...
-
PropertyEU Archive
C&W: retail rental rates on the rise in Moscow
Property consultant Cushman & Wakefield's latest Retail Market Snapshot for Moscow reveals that the average rental rate in shopping centres increased to $2,000 per m[sup]2[/sup] per annum in October, up from $1,850 in September. The highest rent rates were registered in the Central Disrict and Third Ring Road District (TRD) ...
-
PropertyEU Archive
CHC bullish over Solihull investment property
Dublin-based wealth management company Custom House Capital (CHC) is predicting strong equity returns for its investors following the completion of Portland House, a state-of-the-art, sustainably developed office building in Solihull, UK. The property was purchased in 2006 for about EUR 34 mln at an initial yield of 5.25%.
-
PropertyEU Archive
Demolition begins at Wembley redevelopment
UK regeneration specialist St Modwen and its joint venture partner Rotch Property Group have begun demolition work at the £75 mln (EUR 105 mln) mixed-use redevelopment at Wembley Central train station. Due to be completed by Christmas, the site will then be redeveloped into a public square, forming a central ...
-
PropertyEU Archive
DTZ creates new Poland & Central Europe position
Global property adviser DTZ has created a new senior managerial position within its Northern European management structure in response to rapid growth in the region, particularly the shopping centre development boom.
-
PropertyEU Archive
Tommy Hilfiger moves to Dusseldorf's Media Harbour
Tommy Hilfiger is moving its German headquarters in Dusseldorf to the city's Media Harbour district. The fashion firm is leasing 5,000 m[sup]2[/sup] in the Alte Mälzerei (Old Malthouse) at the Media Harbour from next year. Colliers Trombello Kolbel Immobilienconsulting acted for Hilfiger as consultant and estate agent in the transaction.
-
PropertyEU Archive
Land Securities to split into three separate companies
Land Securities, the largest real estate investment trust (REIT) in the UK, confirmed on Wednesday that it plans to split into three separate listed companies: retail, London and outsourcing. Land Securities has investment property assets valued at £15 bn (EUR 21.2 bn) but its shares, like those of its ...
-
PropertyEU Archive
Rakeen showcases Uptown Tbilisi project at Mapic
UAE property developer Rakeen is showcasing its Uptown Tbilisi mixed-use development in the Georgian capital Tbilisi at the Mapic retail trade fair currently taking place in Cannes, France. It is the first time Rakeen is taking part in the exhibition.
