Latest reports – Page 3609
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PropertyEU Archive
FTSE UK property index dips 0.6% in October
The FTSEpx All Property TR index fell by 0.6% in October, hit by the cooling in the UK property market, which has started to affect the values of the underlying properties in the index, said index manager MSS. While the decline in asset values of UK commercial property had been ...
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PropertyEU Archive
Pensus, Orchards form European property fund venture
European property investment and advisory company Pensus said Thursday it had formed a joint venture with Australian property fund manager Orchard Funds Management. The joint venture, Pensus Funds Management, will be headquartered in London and gives Orchard its first access to the European property market.
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PropertyEU Archive
Two famous architects choose Turin for Italy's highest towers
Two of Italy's most famous architects were in the northern Italian city of Turin this week to present their skyscraper projects for the city. Renzo Piano is proposing a 200-metre high tower which would be located in the city centre, next to the Porta Susa station. The project, destined ...
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PropertyEU Archive
JLL reports Q3 net of $46.5m, on 35% higher revenues
Property consultancy Jones Lang LaSalle on Thursday reported record third-quarter net
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PropertyEU Archive
Metrovacesa unveils results of buyback tender
Metrovacesa said on Thursday that after the buyback tender ended on October 24, about 58.8% of its shareholders have decided to retain their Metrovacesa shares. Another 41.2% have decided to swap their Metrovacesa's shares for Gecina's, including Bautista Soler, Joaquín Rivero, Caja Castilla la Mancha, and Prasa.
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PropertyEU Archive
ING RE buys Brussels office tower from Union Investment for EUR 142m
Dutch property giant ING Real Estate said on Thursday it had acquired the Bastion Tower in Brussels from Hamburg-based Union Investment Real Estate for EUR 142 mln. ING said the property was jointly acquired on a 50/50 basis by its ING Real Estate European Office Fund and the Australia-based ING ...
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PropertyEU Archive
Ciref, Modus set to launch £1.5bn retail JV
Listed property investment and development company Ciref announced on Thursday that it is planning to raise between £20mln (EUR 29 mln) and £30mln of equity to fund a retail joint venture with UK's Modus Properties.
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PropertyEU Archive
Beni Stabili sells Rome asset
Italiian property giant Beni Stabili Gestioni has announced the sale of a real estate complex located in Rome. The transaction value comes to EUR 35 mln. The office property was owned by Beni Stabili's real estate fund Immobilium 2001. The company said that the sale yields capital gains of almost ...
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PropertyEU Archive
Eurohypo's CEO calls on banks to consider environmental criteria when financing real estate
Real estate banks should give even greater consideration to environmental protection and energy efficiency issues when financing commercial real estate, according to Eurohypo’s ceo Bernd Knobloch. Knobloch, who was speaking at the Building Eco Value conference in Berlin, claimed that ‘the ecological and economic pressure to consider questions of sustainability ...
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PropertyEU Archive
SFL, IDF sell EUR 41m property in Paris
Societe Fonciere Lyonnaise (SFL) and IDF have sold a property at Avenue Kleber, in the XVI arrondissement of Paris, for EUR 41 mln. The building, acquired by UK firm Pembroke, provides some 3,400 m[sup]2[/sup] of office space leased mostly to Givaudan France, a leading company in the flavours and fragrance ...
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PropertyEU Archive
JLL property index up 2.9% in Q3
The Jones Lang LaSalle overall property index was up 2.9% in the third quarter of 2007, slightly higher than the 2.7% booked in the second quarter. In the nine and twelve months to end-September, the index rose 8.7% and 14% respectively. Capital values increased by 1.9% in the third quarter ...
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PropertyEU Archive
SGAM AI buys 53% stake in Tour de Lille
SGAM Alternative Investments, acting for its new SCPI Pierre Entreprise, has acquired a majority stake in the Tour de Lille for an undisclosed amount. The 120-metre high office tower has been bought from a property company managed by the Archon Group. This is the first acquisition made by SGAM AI ...
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PropertyEU Archive
Value of IPD UK Index Property Derivatives traded now over £10bn
The total traded value on the IPD UK Index now stands at £10.6 bn (EUR 15 bn), according to data released on Thursday by the Investment Property Databank and the Investment Property Forum. The value of trading to date across all IPD indices, including the latest trades on the French ...
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PropertyEU Archive
Delta opens Belgrade’s biggest shopping centre
Serbian property firm Delta on Thursday opened the largest shopping centre in the Belgrade region of Serbia. The 87,000 m[sup]2[/sup] Delta City mall boasts major anchor tenants, including Zara, Marks & Spencer, Esprit, New Yorker, Bestseller and Sport Impuls. The mall also features a Maxi supermarket, a Ster Cineplex, a ...
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PropertyEU Archive
Skanska reports 9 mths net of EUR 310m, on turnover of EUR 10.8b
Swedish construction giant Skanska on reported net profit of EUR 310 mln for the first nine months of 2007, up from up EUR 303.5 mln a year earlier. This translates in to earning per share of EUR 0.74, compared with EUR 0.72. Total revenues came in at EUR 10.8 bn, ...
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PropertyEU Archive
Magnat moves up to General Standard at Frankfurt
German real estate company Magnat has completed its upgrade to the regulated market segment. According to the company announcement, all 52,850,000 bearer shares were admitted to the General Standard at the Frankfurt Stock Exchange, with trading starting on 31 October 2007. The prospectus was approved by BaFin - the German ...
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PropertyEU Archive
Skanska sells stake in Maputo Harbour
Swedish construction and property company Skanska said on Wednesday that it is divesting its remaining 12% shareholding in the Maputo harbour project in Mozambique to South African company Grindrod for SEK 105 mln (just over EUR 11 mln). Skanska Infrastructure Development developed the harbour as a Public Private Partnership jointly ...
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PropertyEU Archive
C&W appointed MAPIC's first 'retail knowledge partner'
Global real estate consultant Cushman & Wakefield has become the first retail knowledge partner of MAPIC, the annual international retail real estate market in Cannes. The conference is set for an all-time record number of participants in 2007, with numbers up by 15% on the same time last year. MAPIC ...
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PropertyEU Archive
European office property markets unchanged
The European composite score for office property markets remained constant, at 63, according to Moody's 2007 Semi Annual Assessment of Office Property Markets. Despite this, the data shows a general trend that markets across Europe (with some exceptions) are improving and the composite score reflects a strong yellow market. ...
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PropertyEU Archive
Hypo completes EUR 145m financing for Moscow logistics park
Hypo Real Estate Bank International has provided a EUR 145 mln financing facility to RosEvroDevelopment in relation to the Krekshino Logistics Park in Moscow. The transaction was completed on 22 October 2007. The construction and investment financing facility will assist with phases 2 and 3 of the Krekshino Logistics Park ...
