Latest reports – Page 3613
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PropertyEU Archive
Sponda to design shopping centre in Vaasa
Finnish property investment company Sponda has been selected from a list of three candidates to design a new 40,000 m[sup]2[/sup] shopping centre in the Finnish city of Vaasa. The city government will partner Sponda in designing and developing the shopping centre that will replace Vaasa's disused bus station. The project ...
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PropertyEU Archive
IHG to relaunch Holiday Inn brand worldwide
InterContinental Hotels Group (IHG) has announced a worldwide relaunch of the Holiday Inn brand, comprising Holiday Inn, Express by Holiday Inn and Holiday Inn Express. According to the company, all Holiday Inn hotels open or under development are expected to have implemented the relaunch programme by the end of 2010, ...
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PropertyEU Archive
Eurocastle sells FIP holding in Italy for EUR 169m
Eurocastle Investment is to sell its entire holding of Real Estate Fund Units (FIP) in Italy for EUR 169 mln. The transaction, which is expected to close before the end of the month, will generate a net gain of approximately EUR 15.7 mln. The sale is in line with Eurocastle's ...
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PropertyEU Archive
Spazio buyback continues
AIM-listed Spazio Investment has purchased a further 200,000 ordinary shares as part of the buyback programme the company announced on 19 September. The shares were purchase at an average price of EUR 11.90 through Credit Suisse Securities.
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PropertyEU Archive
EFC reports EUR 1 bn of Eastern Europe investments
The European Finance Center (EFC) has announced it carried out deals with a total value of EUR 1 bn in the last three months, according to a report in Israeli financial newspaper Globes. EFC directly represents Israeli investors in real estate, infrastructure and energy with OTP Bank in Eastern Europe. ...
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PropertyEU Archive
AWG Property sells La Galleria shopping centre
AWG Property, advised by Savills, has sold La Galleria Outlet Centre near Bergamo to Italian retailer and real estate developer Gruppo Percassi for an undisclosed sum. The 11,243 m[sup]2[/sup] centre, comprises 48 units over two floors and 1,100 external car parking spaces. Gruppo Percassi's plans for the centre have not ...
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PropertyEU Archive
Deutsche Land reports increase in H1 profits
AIM-listed real estate company Deutsche Land has announced profits after tax of EUR 6.2 mln for the six months to 31 July 2007, up from EUR 100,000 for the same period last year. The company said the increase was helped by higher rental income of EUR 9.8 mln - up ...
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PropertyEU Archive
ING RE to expand Castel Guelfo Outlet City
ING Real Estate Development plans to expand the Castel Guelfo Outlet City near Bologna with a further 11,500 m[sup]2[/sup] of retail space. Opened in 2004, the Castel Guelfo mall today provides 55 shops over some 11,500 m[sup]2[/sup]. About 50 new shops will be added to the centre to provide a ...
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PropertyEU Archive
Cordea Savills launches EUR 500m Nordic Retail Fund
Cordea Savills is launching its Nordic Retail Fund to offer institutional investors exposure to the retail sector in Sweden, Finland, Norway and Denmark, as well as Estonia, Latvia and Lithuania. The international property fund manager said the Nordic and Baltic States 'offers favourable economic and investment characteristics where attractive risk-adjusted ...
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PropertyEU Archive
First Property reports 'transformational' year
First Property Group has issued a trading update that indicates the last year was 'transformational' for the AIM-listed company. It was set up in 2000 to provide property services that now include asset management and trading as well as online sales and marketing and facilities maintenance. First Property's asset management ...
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PropertyEU Archive
Europa Capital sells City Point to Morley
Europa Capital has sold City Point distribution park in Warsaw to fund manager Morley for almost EUR 72 mln. The park is said to be the largest metropolitan distribution park in Central Europe.
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PropertyEU Archive
Irish group launches fund with French acquisitions
Dublin-based wealth management company Custom House Capital had completed the acquisition of three commercial investment properties in France for a total of EUR 135 mln.
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PropertyEU Archive
Prologis savours European awards
Prologis said on Tuesday it had been honoured to receive the 'European Deal of the Year' award for its acquisition of Parkridge last February, and a 'Green' award for its sustainable development of Prologis Park Pineham in Britain.
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PropertyEU Archive
Antwerp's Stadsfeestzaal opens its doors
With the completion of the Stadsfeestzaal shopping mall in Antwerp's city centre, Dutch developer Multi Corporation has added a 'jewel' to its real estate portfolio, according to managing director Marleen de Wolf.
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PropertyEU Archive
Orco fund enters Russia with EUR 141m investment
Cushman & Wakefield Residential has announced that it has secured one of Orco Group's funds as the funding partner to undertake development at the Otrada Equestrian Centre in Moscow in a deal worth $200 mln (EUR 141 mln).
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PropertyEU Archive
AXA Immoselect completes first Czech acquisition
AXA Real Estate Investment Managers (AXA REIM) has acquired a 100% share in the Oregon House office building in Prague from Portland Trust, part of the Apollo Real Estate Group, for EUR 40 mln.
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PropertyEU Archive
Grosvenor acquires office asset in France
France's Compagnie Lebon has completed the sale of an office building in the ninth arrondissement of Paris to British privately owned property company Grosvenor for EUR 44 mln. The agreement on the sale was reached at the end of July.
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PropertyEU Archive
Second court appearance for lawyer-property investor
Michael Lynn, the solicitor and owner of investment company Kendar Holdings, re-appeared in Dublin's High Court yesterday where he was given two weeks to draw up an affidavit listing all the properties he owns. His court appearance follows a turbulent week in which the 39-year-old property developer, who owes some ...
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PropertyEU Archive
New Property Investments buys first properties
New Property Investments, a property investor focused on Central and Eastern Europe, has announced its first investments since it raised EUR 25 mln in an IPO on the junior AIM market of London Stock Exchange in August. The company acquired four properties in Romania for a total of almost EUR ...
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PropertyEU Archive
Norgani Hotels CEO Eva Eriksson steps down
Following the recent acquisition of hotel property company Norgani Hotels by Oslo Properties, Eva Eriksson has decided to resign as CEO of the hotel group. Eriksson was a key executive at Norgani since September 2006 when she was chief investment officer. She was appointed CEO in June this year.
