Latest reports – Page 3616
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PropertyEU Archive
Italian REITs seen trading on exchange by spring 2008
Italy's own version of real estate investment trusts (REITs) are expected to begin trading on the Milan stock exchange in spring 2008, Luca Lombardo, the head of the small and mid-caps market of the exchange, said in an interview with Italian financial newspaper Finanza & Mercati.
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PropertyEU Archive
Strabag starts trading in Vienna at EUR 50 per share
Austrian construction company Strabag started trading on Friday on the Vienna stock exchange at EUR 50 per share. On Thursday, the company set the final price of its initial public offering (IPO) at EUR 47, the top end of the EUR 42-48 price range announced last week. The Austrian builder ...
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PropertyEU Archive
Pantheon in jv with Kenmore, Revcap for retail outlet in France
French outlet specialist Pantheon Retail has signed a joint venture agreement with UK property companies Kenmore and Revcap for the development of the new 'Parc du Cubzac' retail outlet in Gironde, southern France.
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PropertyEU Archive
Jeremy Helsby replaces Aubrey Adams at Savills' helm
The board of real estate advisor Savills announced on Thursday the retirement of its CEO Aubrey Adams and the appointment of Jeremy Helsby as its new group chief executive. The appointment becomes effective on 7 May 2008.
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PropertyEU Archive
Balfour Beatty acquires Covion for £33m
International engineering, construction and services company Balfour Beatty has announced the acquisition of facilities infrastructure service provider Covion for £ 33 mln (EUR 47 mln). The deal will allow Balfour Beatty to strengthen its position in the private-sector facilities management market. Covion was one of the fastest growing companies in ...
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PropertyEU Archive
Avans leases space in Galeria Podlaska
Poland's largest electronics chain, Avans, has signed an agreement with Quinlan Private Golub to lease approximately 730 m[sup]2[/sup] of retail space in Bialystok's Galeria Podlaska. The new shop will be Avans' fourth in the city and its biggest so far. The chain has over 600 shops throughout the country. Avans ...
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PropertyEU Archive
Beni Stabili approves share buy-back plan
Italy's Beni Stabili said on Wednesday that its board has approved a EUR 220 mln buy-back programme of the company's own shares. The Italian real estate group plans to purchase up to 191 million of its own shares in the coming 18 months. The company will buy back shares when ...
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PropertyEU Archive
Take-up in Warsaw reaches 91,400 m[sup]2[/sup] in Q3
Leasing activity in the Warsaw office market amounted to 91,400 m[sup]2[/sup] in the third quarter of this year, a historically high level but down on the volumes seen in the first and second quarters, according to figures issued on Wednesday by the Warsaw Research Forum. New leases accounted for about ...
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PropertyEU Archive
Essent buys 9 assets in the Netherlands
Dutch energy company Essent has bought a real estate portfolio including nine office and business properties. The assets were acquired via a sale-and-leaseback transaction with a joint venture of Utrecht's Top Vastgoed Beleggingen and Stolwijk's Burgland Vastgoed. Financial details of the transaction have not been disclosed.
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PropertyEU Archive
Rutley European Property buys European portfolio
Germany's Apo Immobilien KAG (Aik) has sold a real estate portfolio comprising 19 commercial properties located in eight major city centres in Germany, France and the Netherlands to the British group Rutley European Property. The assets are mostly offices and retail units with a total area of 79,000 m[sup]2[/sup].
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PropertyEU Archive
Cofinimmo buys Belgian tennis club operator
Cofinimmo has acquired 98% of the shares of La Rasante Tennis Club SA, a 100% subsidiary of the Aspria Group, for EUR 34.8 mln. La Rasante owns the Royal La Rasante sports club in the Brussels municipality of Woluwe-Saint-Lambert, which comprises 11,481m[sup]2[/sup] of built surface, including 4,442 m[sup]2[/sup] of parking. ...
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PropertyEU Archive
Olinda Fondo Shops buys EUR 60m portfolio in Northern Italy
Olinda Fondo Shops, a listed real estate investment fund managed by Pirelli RE, has bought a commercial real estate portfolio for EUR 60 mln. Pirelli REsaid on Thursday that the assets, valued by CB Richard Ellis at EUR 60.35 mln, have been bought from Erice, a company owned 60% by ...
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PropertyEU Archive
Tishman Speyer sells Access tower in Frankfurt
Spain's property major Metrovacesa has acquired the Access Tower in Frankfurt-Niederrad, Germany, for an undisclosed amount. The 20-storey office tower was sold by US investor Tishman Speyer. The building provides some 20,500 m[sup]2[/sup] of space and in late 2006 achieved full lease when about 7,000 m[sup]2[/sup] was let to Marsh ...
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PropertyEU Archive
Mundicenter opens new mall in Torres Vedras
Portuguese retail group Mundicenter said that its new Arena shopping centre opened its doors this week in Torres Vedras. The company spent more than EUR 42 mln to develop the three-storey mall. The Arena centre provides about 90 retail units, 15 restaurants, a health club as well a five-screen cinema ...
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PropertyEU Archive
Kungsleden invests in retirement homes in Germany
Swedish listed property company Kungsleden AB has signed an agreement with Merkur Development of Germany for the construction of five retirement homes in Germany. The total investment will amount to about SEK 519 mln (EUR 57 mln) including transaction costs, with the property yield estimated at 6.75%.
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PropertyEU Archive
ING RE poaches COO from Morgan Stanley
ING Real Estate announced on Thursday that Dawn Prideaux de Lacy has been appointed to the new position of Chief Operations Officer (COO) for ING Real Estate Investment Management, effective 29 October 2007.
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PropertyEU Archive
Bothwell Bridge Business Park to begin new phase
Jones Lang LaSalle (JLL) has confirmed the intentions of Bothwell Bridge Estates Limited in the UK to add 12,000 m[sup]2[/sup] of high-quality office space to the development. The office development's second phase will include the construction of four office pavillions. The two-storey office suites will range in size from 254 ...
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PropertyEU Archive
Gecina acquires logistics warehouse in southern France
French real estate player Gecina has added a 31,000 m[sup]2[/sup] logistics warehouse to its portfolio. Located in the Ecopôle logistics park in Saint-Martin de Crau, southern France, the warehouse strengthens the company’s position on the strategic Lille-Paris-Lyons-Marseille route. Carried out as a sale-and-leaseback operation with Maisons du Monde, the property ...
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PropertyEU Archive
Mirland acquires remaining stake in Moscow tower development
Mirland Development Corporation announced on Wednesday that it is taking full ownership of its major Moscow skyscraper project. The Cypriot-based developer of residential and commercial property in Russia said it is to obtain the remaining 21% interest in a Russian company that has the leasehold rights on the land to ...
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PropertyEU Archive
ULI and FT create sustainable property awards
The Urban Land Institute (ULI) has teamed up with London-based business newspaper the Financial Times in creating a new award for sustainable real estate. The Financial Times & Urban Land Institute Sustainable Real Estate Awards will be presented for the first time at a ceremony in London in June 2008, ...
