Latest reports – Page 3608
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PropertyEU Archive
Scandinavian Property Development lists in Oslo
Shares in Scandinavian Property Development (SPDE) started trading on Oslo Stock Exchange on Thursday last week. 'This is an important step towards our aim of becoming a leading Scandinavian property development player,' said CEO Stein Haugbro. SPDE was established in 2006 and is managed by Aberdeen Property Investors. The market ...
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PropertyEU Archive
Babcock & Brown gets EUR 124m Hypo Real Estate facility
Hypo Real Estate Bank International and Hypo Real Estate Bank have provided a EUR 124 mln facility to Babcock & Brown Group for the acquisition of a portfolio of six retail assets in Austria and Eastern Europe. The assets are part of a portfolio of 10 properties Babcock & Brown ...
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PropertyEU Archive
ANF completes EUR 471m acquisition of B&B hotel premises
French real estate investment company ANF has completed the EUR 471 mln acquisition of 159 hotels from B&B, France's third largest budget hotel group. B&B will continue to manage the hotels after signing a 'triple net' lease for an initial global rent of EUR 27.3 mln. Leases are for ...
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PropertyEU Archive
Windows of opportunity
In late August, one of Spain's leading real estate consultancies Fincas Corral announced it had closed half of its 350 offices so far this year following the collapse of the thriving residential market. For a decade, the residential boom propelled several builders and developers into the international league, but the ...
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PropertyEU Archive
Barcelona in transition
For the past 10 years, Barcelona has seen a veritable building bubble with escalating prices due to a severe shortage of public space. The pace of development is slowing down, but there are still plenty of interesting new projects that should attract foreign investors, says Jordi Hereu, the socialist mayor ...
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PropertyEU Archive
Aldar & Al Maabar JV launch Abu Dhabi Plaza
Abu Dhabi-based property developer Aldar Properties and a joint venture in which it participates known as Al Maabar have launched their Abu Dhabi Plaza development project in Astana, Kazakhstan.
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PropertyEU Archive
Targetfollow secures £454m financing with Bank of Scotland
Privately-owned property company Targetfollow Group said on Friday that it has secured a deal with Bank of Scotland Corporate worth £454 mln (EUR 653 mln). The deal involves the funding of a portfolio of 10 UK-based properties across the cities of London, Birmingham, Norwich and Stockport.
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PropertyEU Archive
Northern Logistic Property buys DSV's HQ
Northern Logistic Property is paying DKK 395 mln (EUR 53 mln) to acquire the headquarters and main logistic hub of the Danish global transport and logistics company DSV in Brondby. The deal is being financed with a loan of DKK 316 mln. 'This is an important step in NLP's growth ...
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PropertyEU Archive
Retail's big bang
Opportunistic investors and strong demand for retail property assets are not the only factor forcing retailers to rethink their real estate strategies. The scale of expansion across Central and Eastern Europe as well as Southern Europe has also had an impact on how retailers are carving out market share. Rather ...
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PropertyEU Archive
King Sturge stresses good governance in sustainability battle
More efficient use of buildings and places will produce a far faster environmental payback than the onsite micro-generation of renewable energy, according to new research report published by King Sturge. The report stresses the importance of good governance in meeting the economic and social challenges facing by the property sector.
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PropertyEU Archive
Eurosic announces string of deals
French property company Eurosic said on Friday it has bought an office building at Boulogne-Billancourt, Hauts de Seine, from Oppenheim. The building has a leasable area of 6,800 m[sup]2[/sup] and is fully let to a single tenant until 2012. The total cost of this acquisition is EUR 37 mln. Espace ...
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PropertyEU Archive
Europ Invest floats outlet shopping ship project
Belgian-Italian real estate company Europ Invest has launched plans for a luxury cruise ship, complete with a 4,000 m[sup]2[/sup] outlet shopping 'village'. The ship will offer cruises from the Mediterranean to the Red Sea or the Nordic Sea, plus the possibility of shopping in the 100 retail units on the ...
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PropertyEU Archive
Multi opens three new malls in one week
Multi opened three large fully-let shopping centres in Turkey, Portugal and Belgium last week. The Stadsfeestzaal in Antwerp, Forum Mersin in Turkey and Forum Castelo Branco in Portugal provide a total of 110,000 m[sup]2[/sup] of retail floor space.
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PropertyEU Archive
Turkish delight
Turkey's economy and financial markets have continued to develop and stabilise in the last five years. Inflation rates of around 80% during the early 2000s have dropped to single-digit figures in the last two years and political uncertainty has subsided following the double elections in 2007. Despite negative factors such ...
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PropertyEU Archive
Dolphin Capital invests in Turkish resort schemes
Dolphin Capital Investors has announced two investments in the Turkish residential resort market following the sealing of a strategic partnership with Turkish property developer Kemer.
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PropertyEU Archive
KBC Peel Hunt provides £247m funding to L&S
Investment bank KBC Peel Hunt has raised £247 mln for London & Stamford Property, a new property investment company that is listing on AIM this week. The bank said the listing will be one of the largest real estate flotations on London's equity markets so far this year, despite the ...
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PropertyEU Archive
InBev completes Belgian-Dutch portfolio sale, sells German brewery portfolio
Belgian listed company InBev announced that it has completed the sale of a 90% interest in Immobrew, a subsidiary of InBev Belgium, to Cofinimmo. Immobrew owns 823 pubs in Belgium and 245 pubs in the Netherlands. The transaction value comes to EUR 419 mln, on a debt and cash ...
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PropertyEU Archive
Sponda snaps up St Petersburg property
Finnish commercial real estate company Sponda said on Thursday that it has bought an office property in St Petersburg for $ 11.5 mln (EUR 8 mln). The property is in a central location in the city's administrative district and comprises a total of 2,730 m[sup]2[/sup] of leasable office premises and ...
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PropertyEU Archive
Kiler Group unveils plans for Istanbul's new tower
Turkish property company Kiler Group announced on Thursday that it plans to develop a second skyscraper in Istanbul following its Sapphire tower in the city's Levent business district. The move is part of the company's two-year investment strategy aimed at investing $750 mln (EUR 520 mln) in construction projects, according ...
