Latest reports – Page 3624
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PropertyEU Archive
CBRE Investors picks up Newcastle development
CBRE Investors has bought an office and industrial development in Newcastle from Caddick Developments for some £25.3 mln (EUR 36 mln), newspaper Property Week reported on Thursday. The property investment firm has acquired the Gateway West development, a 13-acre site at the entrance of One North East, a 250-acre regeneration ...
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PropertyEU Archive
Bankers rub shoulders with brokers in investment market
In the rapidly expanding European investment market, international brokers are increasingly becoming high-quality service providers for complex mega deals. In that context, the big European real estate agencies are finding merchant bankers encroaching on their territory. There is also a growing role for specialised boutique advisers for some of the ...
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PropertyEU Archive
East catches up with West
Opportunity continues to knock in the New Europe as pioneering investors and developers are moving outside the region's capitals to tap new resources With GDP growing at twice the rate of its Western European neighbours, the general market sentiment in Central and Eastern Europe (CEE) is one of optimism. ...
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PropertyEU Archive
CBRE, JLL top ranking of European brokers
CB Richard Ellis heads the first PropertyEU ranking of European agents, with investment volume in Europe and the UK exceeding EUR 40 bn in 2006 and the number of agents totalling 3,802. Jones Lang LaSalle is a very close runner-up in terms of investment volume with EUR 40 bn. ...
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PropertyEU Archive
WP Carey, Voit in EUR 23m sale-and-leaseback deal
US firm WP Carey Group has said its non-traded REIT subsidiary CPA (R):16 Global has completed a EUR 23 mln sale-and-leaseback deal with German carmaker Voit. COPA has acquired Voit's headquarters in St. Ingbert, Germany, and is leasing it back to the German firm on a long-term basis.
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PropertyEU Archive
Overbury starts work on Deloitte City fit-out
Morgan Sindall's office specialist Overbury has started work on a £33 mln (EUR 47 mln) fit-out of two new office buildings for business advisory firm Deloitte in New Street Square, Central London. The phased 39-week fit out of 255,000 sq ft (24,000 m2) of accommodation follows recently completed schemes ...
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PropertyEU Archive
IVG bags top deal
The recent charge by private investors into European real estate slowed in August and September as the shockwaves of the credit crisis continued to reverberate throughout the sector. A large number of listed companies led by IVG Immobilien found their way back into PropertyEU's monthly ranking of cross-border real estate ...
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PropertyEU Archive
Alpha Real Capital buys Hamburg logistics centre
German real estate investor Alpha Real Capital has acquired the Olympus logistics centre in Hamburg from Thegus Grundstücks-Vermietungsgesellschaft Objekt Hamburg III, a subsidiary of Movesta Lease and Finance for an undisclosed sum. Olympus has been based in Hamburg since 1963 and uses 23,240 m[sup]2[/sup] of the warehousing space for the ...
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PropertyEU Archive
Zara boss, Banif snap up Coca-Cola German HQ for EUR 275m
Inditex chairman Amancio Ortega is teaming up with Santander's Portuguese private banking arm Banco Internacional do Funchal (Banif) to buy an office complex in the centre of Berlin. Banif's property unit, Banif Immobiliare, and Ortega, owner of fashion retail chain giant Zara, are buying the building from the US property ...
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PropertyEU Archive
St Modwen developing Worcester City football stadium
UK regeneration specialist St Modwen is developing a new 6,000-capacity stadium for Worcester City FC on a 3-hectare site on the edge of the city. With the move from the site in St. George's Lane that the football club has called its home for 102 years, Worcester City FC ...
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PropertyEU Archive
Credit crunch hits European real estate investment
The global credit crisis is starting to weigh on investment performance in the property sector, according to DTZ's latest European Quarterly research report. The global property consultant forecasts a drop in activity of 15% to 20% in the third and fourth quarter of the year, compared to the record EUR ...
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PropertyEU Archive
Bulgarian Property buys 2 properties
Bulgarian Property Development has purchased 2 properties for an investment of nearly EUR 2 mln. BPD is paying EUR 1.4 mln, excluding value-added tax, for a 53,676-m[sup]2[/sup] land plot in Ruse, Bulgaria, located within the new Ruse Industrial Park. BPD said it intends to construct about 18,000 ...
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PropertyEU Archive
Deutsche EuroShop, ECE open Galeria Baltycka in Gdansk
Deutsche EuroShop and ECE have announced that their Galeria Baltycka shopping center opened its doors on Thursday in the Polish city of Gdansk. The opening ceremony was attended by the mayor of Gdansk, Pawel Adamowicz. Galeria Baltycka will include some 39,500 m[sup]2[/sup] of retail space distributed across 200 retail units. ...
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PropertyEU Archive
Prasa buys 5% of Realia for EUR 90m
Spanish real estate company Prasa has bought a 5% stake in peer Realia for EUR 90 mln, according to a statement sent to the Spanish stock market regulator CNMV. Prasa bought the shares for EUR 6.32 each, below Realia's closing price on Wednesday of EUR 6.48.
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PropertyEU Archive
Commerz Real spends EUR 97m in Vienna
Commerz Real, which was created by the recent merger of Commerz Grundbesitz Gruppe and Commerzleasing, has acquired six office properties in Vienna's TownTown urban development project for EUR 97 mln. The properties are earmarked for Commerz Real’s open-end public property fund, Hausinvest Europa.
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PropertyEU Archive
Skanska invests EUR 61m in logistics projects
Swedish construction company Skanska has signed leases for four logistics projects in Sweden and Denmark. The investment volume amounted to EUR 61 mln. The facilities, totalling 50,000 m2, are in Gothenburg, Linköping and Burlöv in Sweden, and Stilling in Denmark. The leases were signed with Scan, TransFargo, Freja Transport & ...
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PropertyEU Archive
Town Centre becomes 17th UK REIT
Town Centre Securities has become the 17th UK property company to convert to a tax-friendly real estate investment trust (REIT) in the UK. The shareholders of the Leeds-based company approved new articles of association at an Extraordinary General Meeting on 1 October 2007 and HM Customs and Revenue accepted the ...
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PropertyEU Archive
Wereldhave sells Rijswijk building for EUR 43.6m
Dutch property firm Wereldhave has sold the Winston Churchill Tower office building in Rijswijk, near The Hague, for EUR 43.6 mln to an unnamed buyer. The company said it bought the building in 1974 and renovated it in 2002. The sale results in a surplus on disposal of EUR ...
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PropertyEU Archive
RAS Immobiliare buys Siemens' Italian HQ for EUR 85m
RAS Immobiliare has agreed with German electronics giant Siemens on the purchase of the company's Italian head office in Milan. The acquisition price comes to a total of EUR 85 mln. The office building was sold in a sale-and-lease-back transaction, news agency Radiocor said on Thursday. The property is earmarked ...
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PropertyEU Archive
HIH plans to dissolve 11 closed-end Behne funds
German property investor Hamburgische Immobilien Handlung (HIH) said it plans to dissolve 11 of its 27 closed-end property funds. Combined with five participation offers from BHF Bank, the value of the total package is estimated at between EUR 250 mln and EUR 300 mln. The underlying 200,000 m[sup]2[/sup] of property ...
