Latest reports – Page 3615
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PropertyEU Archive
Colliers predicts increased office development in Minsk
The new Belarus office of real estate consultant Colliers International expects the construction of Class A office space to double to 52,000 m[sup]2[/sup] in the capital Minsk next year. Collier's market overview also forecasts that construction of Class B and C offices is to increase from 20,800 m[sup]2[/sup] this year ...
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PropertyEU Archive
France sees EUR 21bn invested in the year-to-date, CBRE report
About EUR 21.5 bn were invested in France during the first nine months of 2007, surpassing the EUR 18.5 bn of investment registered in the same period last year, according to the new Market View report published by CB Richard Ellis. Offices are still the most sought-after type of products ...
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PropertyEU Archive
Natixis buys industrial assets in Germany
Natixis Capital Partners announced on Monday that it has bought three German industrial real estate sites in the western German city of Neuss from the automotive company Pierburg. The financial details were not disclosed. The properties provide a total lettable area of about 80,000 m[sup]2[/sup] and are earmarked for Naxitis' ...
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PropertyEU Archive
Irish retail property market to get more competitive
The Irish retail sector continues to perform strongly but conditions are becoming more competitive, according to CBRE's Irish Retail Market Bulletin for the third quarter of 2007. The property advisor notes that impressive consumer spending was recorded in the first half of the year, with Irish retail sales growing at ...
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PropertyEU Archive
Alpha Beta launches first residential index fund
Alpha Beta Fund Management is launching the first UK Residential Index fund (UKRIF) for institutional investors in December. The fund is based on the Halifax House Price Index and gives pension funds, funds of funds managers and other investors access to Europe's single largest investment asset class, according to ABFM ...
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PropertyEU Archive
Blackstone buys 46 hotels across Europe
US private equity firm Blackstone is reportedly buying a portfolio of 46 hotels across Europe for EUR 620 mln. According to a report in the Italian financial newspaper Il Sole 24 Ore, the US company acquired the hotels in a bidding contest organised by Goldman Sachs' Whitehall funds and the ...
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PropertyEU Archive
DDC acquires another Romanian development site
Dawnay, Day Carpathian (DDC), the UK-based retail property investor focused on Central and Eastern Europe, has announced the acquisition of another multi-purpose development site in Romania. Valued at over EUR 9.5 mln, the acquisition is the last of the four Romanian deals DDC had in its pipeline at the time ...
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PropertyEU Archive
AMB Property buys distribution centres in Amsterdam
US giant AMB Property has acquired two connected distribution centres in the south-eastern part of Amsterdam. The financial details were not disclosed. The largest site provides an area of 18,500 m[sup]2[/sup] and has been bought from DHL. The smallest centre covers some 7,500 m[sup]2[/sup] and has been sold by Wereldhave. ...
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PropertyEU Archive
CAAM RE shops in Hauts-de-Seine
Crédit Agricole Asset Management Real Estate (CAAM RE), on behalf of SCPI Edissimmo, has acquired the headquarters of LeasePlan in Hauts-de-Seine, near Paris. The building offers some 17,000 m[sup]2[/sup] of office space. It was sold by the German company Bankhaus Wölbern for about EUR 81 mln, excluding taxes, according ...
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PropertyEU Archive
Peel starts development of Ramada hotel
UK's Peel Holdings announced last week that construction work has commenced on a new 103-bed Ramada Encore hotel, part of its Robin Hood business park at the Doncaster-Sheffield airport.
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PropertyEU Archive
Iceland's Baugur reportedly eyeing Saks
A consortium led by Icelandic investor Baugur is considering a $3 bn (EUR 2.1 bn) offer for US upscale department store chain Saks, UK newspaper The Times reported Friday.
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PropertyEU Archive
Sacresa transfers 7 malls and 5 hotels to Metrovacesa
Spain's Sacresa, the investment vehicle of the Sanahuja family, has transferred seven shopping centres and five hotels to the property major Metrovacesa, according to an article published in the Spanish paper Cinco Dias. The transferral is part of the separation process of the company's Spanish and French business agreed by ...
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PropertyEU Archive
King Sturge sees opportunities in Polish office markets
Property consultant King Sturge believes that regional office markets in Poland offer 'excellent' opportunities for occupiers, developers, investors and lenders. In an overview of Poland´s regional office markets, the consultant notes that, generally speaking, larger regional capitals have become accessible and offer great prospects for economic growth. This is seen ...
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PropertyEU Archive
Casino announces EUR 650m property disposals
French retail company Casino plans to unlock the capital tied up in its food store properties that no longer offer strong development potential. The move, which marks a new phase in Casino's property management strategy, is aimed at funding projects in France and abroad. The company said that it will ...
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PropertyEU Archive
IPD funds index post worst performance since 1992
UK pooled property funds booked their worst performance since September 1992 in the third quarter of 2007. The IPD' s All Pooled Funds Index shows that the funds returned a negative 1.3% in the quarter ending 30 September. This compares with a 2.0% return in the second quarter of 2007 ...
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PropertyEU Archive
Mercialys set to acquire five shopping centers
France's Mercialys said on Friday that its board has agreed to acquire five shopping centres located on La Réunion Island, near Madagascar, from Vindemia, a wholly-owned subsidiary of the Casino Group. The malls comprise 127 shops and mid-sized specialty stores, representing a total surface of 28,700 m[sup]2[/sup] and gross rental ...
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PropertyEU Archive
Blackrock-led joint venture buys Scottish site
Irish property investor Blackrock International Land said it has entered a joint venture to buy about 300 acres of farm land on the south side of Edinburgh for an initial EUR 7 mln.
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PropertyEU Archive
GE debuts in Russian property market with investment in new fund
Property firm GE Real Estate said it has made a $50 mln (EUR 35 mln) investment in Heitman Russia Property Partners, a new fund that will have $150 mln in equity. Along with GE Real Estate and two other institutional investors, fund manager Heitman is also taking a sponsor equity ...
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PropertyEU Archive
Carrefour set to sell 11 hypermarkets in southern Italy
French grocery retailer Carrefour plans to sell 11 hypermarkets and real estate assets in southern Italy, as well as 17 cash & carry centres in northern Italy, according to an article in the financial paper Il Sole 24 Ore. The deal is said to be worth more than EUR 1 ...
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PropertyEU Archive
Euronext-listed Yatra Capital raises EUR120m in new share offering
Euronext listed and India-focused property group Yatra Capital said it has raised EUR 120 mln in an offering of new shares.
