Latest reports – Page 3617
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PropertyEU Archive
European real estate sets new Q3 record - CBRE
Commercial real estate investment activity in Europe reached a record level in the third quarter of 2007 despite the credit squeeze that emerged over the summer, property advisor CB Richard Ellis Group said in a market report published on Wednesday. Total investment in European real estate rose 24% to approximately ...
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PropertyEU Archive
Gemany sees 52% jump in commercial property investment
Investment in commercial property in Germany totalled EUR 45 bn in the first three quarters of 2007, an increase of 52% percent on the same period last year. If residential portfolios and non-performing loans are also included in the investment total, the figure so far this year climbs to almost ...
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PropertyEU Archive
Sir Stuart Lipton wins ULI Nichols Prize
Leading London developer Sir Stuart Lipton has been awarded the 2007 Urban Land Institute (ULI) J.C. Nichols Prize for Visionaries in Urban Development. Lipton is the first non-American to win the $100,000 (EUR 70,500) prize, which honours the legacy of American developer J.C. Nichols, a founding ULI member considered to ...
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PropertyEU Archive
King Sturge wins Prague office contracts
The Prague office of property advisor King Sturge has been selected as representative for two high-profile office developments to be built in the Czech capital. Orco Property Development’s Vysocanska Gate will add 11,000 m[sup]2[/sup] of high-quality office space to the market. Located in Prague 9 it is set to be ...
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PropertyEU Archive
Dublin office market soars to new high
In a new report on the Dublin office market over the first nine months of 2007, property consultants CB Richard Ellis (CBRE) claim that take-up has already exceeded the annual average. The report indicates that over 200,000 m[sup]2[/sup] of office space has been signed so far this year compared to ...
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PropertyEU Archive
ANF buys B&B hotel portfolio for EUR 471 mln
French property investment company ANF has paid EUR 471 mln for a portfolio of 159 B&B Hotel and Villages Hotel properties operated by the B&B Group. Financing approximately 60% of the purchase price will allow the company to build up its equity base in order to pursue further expansion.
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PropertyEU Archive
Blackrock Intl Land acquires site in Edinburgh
Dublin-based Blackrock International Land has announced a 50:50 joint venture purchase of 121 hectares of agricultural land on the south side of Edinburgh. Having worked together on the development of two properties in Scotland last year, Blackrock is teaming up again with Applecross Properties and Esk Properties in this new ...
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PropertyEU Archive
Deutsche RE secures EUR 231m refinancing
Hamburg-based Deutsche Real Estate has secured a seven-year, EUR 231 mln refinancing arrangement with the London office of ABN Amro bank at comparable rates to the previous EUR 185 mln credit facility it replaces. The new deal gives the company about EUR 40 mln in additional liquidity.
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PropertyEU Archive
Warimpex to develop 4-star hotel in Poznan
Warimpex has acquired a site to build a hotel in the Polish city of Poznan. As the building permit is included in the contract construction can begin immediately and is projected to be underway by the end of 2007. The site is located close to the city's historic old town ...
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PropertyEU Archive
Bank of Ireland launches new European Retail portfolio
Bank of Ireland Group has launched the EUR 150 mln European Retail Property Portfolio to purchase prime retail properties in targeted European markets. The fund is seeking individual investors willing to accept an element of risk and to invest a minimum EUR 50,000 by the 31 January 2008.
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PropertyEU Archive
Kenmore buys near Frankfurt
Kenmore's European Industrial Fund (KEIF), has acquired the European plant site and German headquarters of CompAir, a gas and air compression company, in Simmern, west of Frankfurt. KEIF paid UK commercial property investor London & Lothian EUR 14.2 mln for the property, reflecting a net initial yield of 7.02%. The ...
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PropertyEU Archive
RBS to sell off another EUR 1.1 bn of UK property assets
The Royal Bank of Scotland (RBS) is planning to convert more of its UK property portfolio by selling another £800 mln (EUR 1.148 bn) of assets in a sale-and-lease-back deal. RBS has hired commercial property consultants Cushman & Wakefield to market a portfolio of 60 buildings, mainly its own offices, ...
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PropertyEU Archive
Prologis raises EUR 500m with bond issue
Prologis European Properties (PEPR) has raised EUR 500 million though an unsecured bond issue by Prologis International Funding, a fully-owned subsidiary of PEPR, in the Euro bond market. The issue, due 2014 is PERP's first issue of unsecured notes.
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PropertyEU Archive
Teesland Advantage Property Income Trust's NAV falls in Q3
Listed UK commercial property investment company Teesland Advantage Property Income Trust (TAP) has reported that its net asset value (NAV) per ordinary share was 113.0 pence (EUR 1.62) as at 30 September, compared to 119.28 pence (EUR 1.71) at 30 June. The NAV figure incorporates the external portfolio valuation at ...
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PropertyEU Archive
Unibail-Rodamco, ING agree interim deal on Zlote Tarasy
French-Dutch property giant Unibail-Rodamco has reached an interim settlement with ING Real Estate over a long-running conflict on the transfer of the ownership rights to Warsaw mall Zlote Tarasy. In a short statement released on Tuesday evening, the recently merged Unibail-Rodamco group said it will pre-pay ING Real Estate ...
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PropertyEU Archive
Nanette purchases 45,000 m[sup]2[/sup] site in Zagreb
Amsterdam-based residential developer Nanette has signed a final agreement through subsidiaries to purchase 45,000 m[sup]2[/sup] in Laniste, a suburb in the Croatian capital Zagreb. Nanette plans to build 1,300 apartments, with a total developed area of 90,000 m[sup]2[/sup]. The investment volume will be about EUR 98 mln, and sales are ...
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PropertyEU Archive
Multi to develop new EUR 300m mall in Rotterdam
Dutch real estate company Multi Vastgoed has announced that it is to develop a second underground shopping mall in Rotterdam in collaboration with ABN AMRO Bank. With an estimated investment value of EUR 300 mln, it will be the biggest inner-city redevelopment project in the Netherlands and Multi claims it ...
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PropertyEU Archive
JER Partners acquires UK hotel portfolio
JER Partners, the private equity investment arm of real estate investors J.E. Robert Companies, has announced the acquisition of Morethanhotels for an undisclosed sum. Morethanhotels owns and manages a portfolio of 11 Express by Holiday Inn hotels. It also owns two development sites close to the Birmingham NEC exhibition centre ...
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PropertyEU Archive
Record third quarter for Dusseldorf office market
Real estate consultants Colliers Trombello Kolbel claims it broke two records for letting during the third quarter in its recently released report on the performance of the Dusseldorf office market for the period. First no less than 149,000m[sup]2[/sup] of office space was let in the city during the period - ...
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PropertyEU Archive
Network Rail seeks property development partner
Network Rail, the owner and operator of Britain's rail infrastructure, is looking for a property partner to help with the regeneration of stations across London and the South East. The project is valued at £500 mln, the Financial Times newspaper reported.
