Latest reports – Page 3610
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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 ...
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PropertyEU Archive
Sponda acquires logistics property
Finnish commercial real estate company Sponda has purchased a logistics property from the Lutheran Parish Union of Helsinki for EUR 17 mln. The property is located in the Roihupelto district of Helsinki and provides 11,000 m[sup]2[/sup] of leasable warehouse, production and office space. The entire property is leased to ...
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PropertyEU Archive
SCS / IPD Irish Q3 results show offices best performer
Total returns in Irish commercial property picked up in the third quarter to 3.3% quarter-on-quarter compared to 3% in the second quarter according to the SCS/IPD quarterly index 2007.The index also found that offices regained their crown as the best performing sector in Q3, with a total return of 4.2% ...
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PropertyEU Archive
Fabege in further Stockholm acquisition
Listed Swedish real estate company Fabege is paying about EUR 56 mln for the 23,000 m[sup]2[/sup] Getingen 15 office property in central Stockholm. Fabege said on Wednesday that the acquisition is being carried out by the purchase of the property holding company from Swedish peer Linco Fastighets. The building contains ...
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PropertyEU Archive
Spain to tackle illegal coastal devopment
Spain's environment minister Cristina Narbona has presented a EUR 5 bn proposal to demolish hotels, apartments and other properties built illegally along a 700-kilometre stretch of the country's coastline. The plan requires local authorities to conclude agreements with developers who have ignored regulations for decades to build facilities for the ...
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PropertyEU Archive
Retail outlook robust despite financial jitters: Axa
Investment volumes in European retail real estate remained high in the first half of 2007 reaching EUR 21.6 bn, according to the latest European Retail Investment Strategy 2007-2009 issued by AXA Reim. The reviews authors add that although this figure represents a slight slowdown on the euro 27 bn achieved ...
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PropertyEU Archive
Skanska develops office in Warsaw, sells in Stockholm
Swedish construction and property giant Skanska is developing a 20,000 office project in central Warsaw. Atrium City is located on the main thoroughfare of Al Jana Pawla, where the construction group has already completed four other office projects and a hotel. The scheme is scheduled for completion in spring 2009. ...
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PropertyEU Archive
Fabege buys and sells in Stockholm
Swedish property company Fabege has signed an agreement with the City of Stockholm to acquire the Apotekaren 22 block in Norrmalm for EUR 85 mln. The property comprises almost 30,000 m[sup]2[/sup] of lettable space and a 3,000 m[sup]2[/sup] car park. In addition, Fabege is buying out the freehold of Bocken ...
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PropertyEU Archive
Colliers Croatia opens new head office in Zagreb
Colliers International announced yesterday that Colliers Croatia is to relocate to spacious new offices in downtown Zagreb, part of an ambitious expansion programme initiated by the firm’s new management team headed by Tomislav Perovic and Vedrana Likan. The two assumed their positions this year, together with commercial talent Hrvoje Omazic, ...
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PropertyEU Archive
CBRE sees 54% increase in Q3 revenues
Global property advisor CB Richard Ellis Group has reported its third quarter revenue this year increased 54.2% to $1.5 bn, and diluted earnings per share increased 23.1% to 48 dollar cents compared to the third quarter of 2006. Excluding onetime charges, the diluted earnings per share for the third quarter ...
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PropertyEU Archive
Economic slowdown predicted by Standard Life Investments
The turbulence in the credit market which began in the summer could trigger a recession in the US next year, warns Global Insight, the monthly investment overview published by Standard Life Investments. The investment house also forecasts a drastic slowdown in other economies; both trends seriously impacting public sector finances.
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PropertyEU Archive
Mirland acquires development site in Kazan
Mirland Development Corporation, one of Russia's largest residential and commercial property developers, is to buy a market trading pavilion, covering some 0.8 hectares, in the Russian city of Kazan. Mirland is paying just under EUR 1 mln for the site, with a further EUR 111,000 being paid to the city ...
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PropertyEU Archive
Colliers to manage Europolis logistics park in Poland
Europolis Real Estate Asset Management has chosen Collier International to manage Poland Central logistics & business park in Wola Bykowska. The logistics & business center has been designed as a European distribution hub which will serve regional cities in Poland as well as Central and Eastern Europe. The site has ...
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PropertyEU Archive
Hahn and Wegner complete mall in 12 months
German-listed Hahn Group and its partner, Wegner Holding, said they have completed the construction of the Monkhof Karree shopping mall in Lubeck 'in a mere 12 months'. The project's investment volume came to EUR 25 mln. The Mayor of Lübeck, Bernd Saxe, officially opens the shopping centre in Lubeck's newly ...
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PropertyEU Archive
IC Real Estate to manage 41 bank properties
Germany's IC Real Estate Group said on Tuesday it is to asset and property manage 41 properties by Sparkasse Sudholstein savings bank in Schleswig-Holstein. The bank divested the 48,000 m[sup]2[/sup] portfolio through a sale-and-leaseback transaction by selling them to the IC Real Estate and IC's real estate investment trust (REIT), ...
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PropertyEU Archive
PIK launches new building design
Russian residential developer PIK Group has begun construction of a new building design, the KOPE tower, in response to what the company calls the widening gap between supply and demand in the Russian housing market. The high-rise building has 25 storeys, each with 6-7 apartments of different sizes, ranging from ...
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News
Industry optimistic for Danish REITs
DENMARK - Denmark could be the next European market to introduce real estate investment trusts (REITs), if lobbying by the Danish Property Federation (DPF) proves successful.
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News
Land is the new property, say planners
UK - Greenbelt and brownfield land earmarked for development is rapidly emerging as a sub-asset class in an otherwise overvalued real estate market.
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News
Macro growth boosts Nordic retail
NORDICS - Pension funds have an irrational attachment to office real estate when they should be looking to outperforming retail, according to fund manager Cordea Savills.
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News
Credit squeeze claims Swiss super-deal
SWITZERLAND - The credit squeeze claimed one of its first major deals last week when a consortium led by London-listed Israeli property firm Delek announced it had pulled out of the planned CHF 3.5bn (€2.8bn) acquisition of property firm Jelmoli’s 88-property Swiss portfolio.
