Latest reports – Page 3621
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PropertyEU Archive
German government working on revision of G-REIT law
The German government is working on amendments to the legislation governing real estate investments trusts (REITs), German real estate journal Immobilien Zeitung reported earlier this week.
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PropertyEU Archive
Hypo Real Estate to finance Carlyle’s Piccadilly purchase
Hypo Real Estate Bank International, a member of Hypo Real Estate Group, is providing an investment and VAT acquisition facility to Carlyle European Real Estate Partners (CEREP), part of the Carlyle Group, a global private equity firm.
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PropertyEU Archive
Dutch corporation Ymere invests in Croatian housing
Dutch housing corporation Ymere is investing EUR 90 mln in the development of new housing in Osijek in Croatia. The project will be based on a financing structure that is widely used in the Netherlands for developing social housing, said Harry Platte, corporate strategy adviser at Ymere, in an interview ...
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PropertyEU Archive
AMB Europe credit facility upped to EUR 428m
ING Real Estate has increased its EUR 228 mln credit facility for the AMB Europe Fund by EUR 200 mln. The increase is intended to fund further acquisitions throughout most of Europe, including Central and Eastern Europe, ING Real Estate said.
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PropertyEU Archive
German open-ended funds make strong return
German open-ended funds (GOEFs) have made a strong return to the market this year, and with the current changes in Europe's investment environment, this trend looks set to accelerate, according to the EMEA research group at CB Richard Ellis. GOEFs made EUR 3.9 bn in cross-border purchases in Europe ...
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PropertyEU Archive
Skanska to build prison facilities in northern Sweden
Swedish construction giant Skanska has secured a EUR 46 mln assignment from Specialfastigheter Sverige to extend prison facilities in the Harnosand region, in northern Sweden. Skanka is extending the Swedish Prison and Probation Service's sites at Kumla, Hall and Saltvik.
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PropertyEU Archive
Orco raises EUR 100m at Expo for hospitality fund
Orco Property Group has raised about EUR 100 mln on the first day of the EXPO REAL property fair in Munich for its Central and Eastern European hospitality fund. In an exclusive interview with PropertyEU, Orco's president and ceo Jean-Francois Ott said the funds were raised from a large Dutch ...
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PropertyEU Archive
Scandic to build landmark hotel in Berlin
Hotel operator Scandic and Danish real estate developer Schaumann Properties have formed a partnership to develop a EUR 110 mln hotel with 572 rooms on Potsdamer Platz in Berlin. The hotel marks the first serious step in Scandic’s new international growth strategy, Scandic said in a statement. The hotel ...
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PropertyEU Archive
ING buys Romanian mall
ING Real Estate will announce today that it has reached agreement to acquire full ownership of the Felicia shopping centre in Iasi in Romania through the purchase of Belgian development company Felicia Invest. The total investment amounts to approximately EUR 40 mln. The acquisition marks ING RE’s first acquisition in ...
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PropertyEU Archive
'Exciting' Scandinavian market triggers Savills’ move into Norway
Savills, the London-listed real estate service provider with 180 offices worldwide, has made its first move into Norway by forming an association with one of the country’s top property advisors, Heilo Eiendom. Founded in 1994, Heilo specialises in the purchase, sale and development of retail properties and hotels. Its clients ...
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PropertyEU Archive
W.P. Carey steels itself for leaseback with Schuler
New York-based investors W. P. Carey, providers of long-term net leasing finance for companies worldwide, has just cut a EUR 52 mln deal with German manufacturing giant Schuler. Two of the investment firm’s real estate funds acquired Schuler’s global headquarters and largest production site in Göppingen, just outside Stuttgart. They ...
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PropertyEU Archive
Foreign investors dominate all European markets in H1 2007
Cross-border activity represented about 57% of all transactions (by value) in the first half of 2007, according to the new European Investment Report issued on Tuesday by CBRE. This compares with 47% in H1 2006.
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PropertyEU Archive
Strabag launches $1.9 bn IPO to fund CEE growth
Austrian builder Strabag on Monday launched its IPO of shares worth up to $ 1.9 bn to fund and consolidate its growth. Strabag is offering up to 28.2 million shares for between EUR 42 and EUR 48. The cash raised will go to making 'bolt-on acquisitions in CEE-markets to expand ...
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PropertyEU Archive
Prologis to develop Hamburg distribution centre
Prologis, ranked No. 1 in the real estate industry on Fortune's 2007 list of America's most admired companies, is to build a new industrial warehouse in northern Germany for Jack Wolfskin, a leading European provider of outdoor equipment, footwear and apparel.
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PropertyEU Archive
VastNed Retail gets 'opportunity of a lifetime' in Lille
Netherlands-based VastNed Retail has acquired a EUR 97 mln high-street portfolio in Lille, France's fourth largest city. Comprising 56 shops and over 100 apartments, the properties were bought from two private individuals at a net initial yield of 5% and have a total lettable area of 12,000 m[sup]2[/sup].
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PropertyEU Archive
OVG to develop ABB's European offices
Dutch developer OVG has won an exclusive contract to develop the European offices of ABB, the Swiss-Swedish engineering Group, Coen van Oostrom, CEO of OVG, said in an interview with PropertyEU. 'We are conducting a review of ABB’s sites throughout Europe together with the company's Swiss real estate division. We ...
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PropertyEU Archive
DTZ, Kenmore launch sustainable property fund
DTZ has teamed with Kenmore Property Group and Forum for the Future to launch Susteno, a sustainable investment fund, the companies said at EXPO REAL in Munich. The new fund is aimed at investors looking to take advantage of the growing impact of environmental issues in the commercial property sector. ...
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PropertyEU Archive
Infraserv Hochst to develop EUR 300 mln facility in Frankfurt
Infraserv Hochst is to develop a clean power plant in the Industriepark Hochst in Frankfurt, Germany, the company announced at the EXPO REAL congress on Tuesday. The waste-to-energy facility will be the largest of its kind in Germany and will account for an investment of roughly EUR 300 mln. The ...
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PropertyEU Archive
CBRE launches cross-border team for Central and Eastern Europe
CB Richard Ellis has further strengthened its cross-border investment capability with the creation of a new regional investment team dedicated to Central and Eastern Europe. Headed up by Frédéric Van der Planken, the team will work with CBRE’s 12 CEE offices to help clients take advantage of the region’s ...
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PropertyEU Archive
BBIG set to develop Munich skyscraper
Bayerische Bau und Immobilien Gruppe (BBIG) is develop a EUR 200 mln 23-storey tower in Munich, the company announced at the EXPO REAL congress on Tuesday.The complex will include a so-called Skyline skyscraper and four adjoining five- and seven-storey buildings.
