Latest reports – Page 3625
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PropertyEU Archive
Ibus buys 2 German retail portfolios
Dutch property company Ibus has acquired two retail portfolios in its first commercial property acquisition in the German market. The portfolios include a total of 34 real estate assets across 30 locations in Schleswig-Holstein, Mecklenburg-Western Pomerania, Hamburg and Lower Saxony. The properties have been bought through a sale and lease ...
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PropertyEU Archive
Carlyle set to buy Air2 tower at La Defense
Private equity group Carlyle is rumoured to be buying the Air2 skyscraper at La Defense, Paris, for an undisclosed amount. French newspaper Business Immo reported Wednesday that the US firm is set to acquire the 75,000 m[sup]2[/sup] of office in Paris' business district from developers Bouygues Immobilier and Meunier Immobilier. ...
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PropertyEU Archive
Citycon completes EUR 99m rights issue
Finnish property firm Citycon has completed its rights issue and raised around EUR 99 mln. The firm offered a total of 27,594,782 shares for subscription in accordance with shareholders' pre-emptive subscription rights, and approximately 99 per cent of the offered shares were subscribed for in the primary subscription. The secondary ...
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PropertyEU Archive
Fadesa sells hotels and land for EUR 118m
Fadesa Inmobiliaria said that it has sold six hotels and a plot of land in Spain to its former chairman Manuel Jove for a total of about EUR 118 mln. The properties, located mostly in Galicia, include the Portazgo, As Galeras, Balneario de Villalba, Husa Valles, Front Maritime-Husa Barcelona hotels ...
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PropertyEU Archive
British Land shelves sale of super mall
British Land has halted the attempt to sell its 75% stake in Meadowhall Shopping Centre in Sheffield due to the uncertainty in the financial markets. Meadowhall is one of only six super regional shopping malls in the UK.
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PropertyEU Archive
Buschl Group launches EUR 300m Agfa Park project
Buschl Group has launched the AGFA Park project, currently the largest development project in Munich. The project consists of a residential and commercial park which will be created on the 100,000 m[sup]2[/sup] site formerly owned by Agfa. The new buildings being built include several commercial buildings, an underground car park, ...
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PropertyEU Archive
Cordea Savills opens office in Sweden
Real estate advisor Cordea Savills has opened a new office in Stockholm. The new office, lead by a team including Hakan Blixt, Olle Hallfors and Johan Eliasson, will be focusing on the Baltic States. Cordea Savills has to date handled transactions in Finland and Sweden of about EUR 200 mln. ...
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PropertyEU Archive
Paris tops hotel room sales survey
Paris leads the field in hotel room sales according to the lastest survey by UK-based company TRI Hospitality Consulting. The review of European hotel chains shows that Paris had the best rate and revpar during August with revenue per available room (revpar) up 15.7% to EUR 163.53. London was ...
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PropertyEU Archive
Epra expects more listed real estate
Around 10% of European real estate stock will be floated in the next five to ten years, claims Nick van Ommen, the outgoing CEO of the European Public Real Estate Association (EPRA). Currently the figure is less than 7% of a total figure of more than EUR 7 tln.
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PropertyEU Archive
Bulgaria to build first green buildings within 3 years
The first 'green' buildings in Bulgaria will be constructed within the next three years, forecasts Atanas Garov, managing director of Colliers International Bulgaria.
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PropertyEU Archive
JP Morgan announces strategic new appointments
Investment bank JP Morgan has announced four new appointments in its French and Italian real estate structured finance business. In a coup for the company, all four appointees were previously with ABN Amro. According to Jon Rickert, head of European real estate structured finance at JP Morgan, the strategic ...
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PropertyEU Archive
Unleveraged players see benefits in credit crisis
The global credit crisis is good news for the more established real estate players with ready access to equity, according to Jean Francois Ott, CEO of Orco Property Group. 'The credit crunch may slow the market down,' he said in an exclusive interview in the upcoming edition of PropertyEU Magazine.
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PropertyEU Archive
Unibail-Rodamco names two to supervisory board
Rencently-merged property group Unibail-Rodamco is to add two new members to its supervisory board. The company has said it will propose the appointment of Mary Harris and Alec Pelmore at the AGM in April 2008. Previously a Partner with McKinsey & Cie in their Singapore and Amsterdam offices, Mary Harris ...
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PropertyEU Archive
Paris tops hotel room sales survey
Paris leads the field in hotel room sales in the latest survey by UK-based company TRI Hospitality Consulting. The review of European hotel chains shows that Paris had the best rate and with revenue per available room (revpar) during August. Revpar was up 15.7% to EUR 163.53. London was close ...
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PropertyEU Archive
Hypo completes Depfa takeover
Germany's Hypo Real Estate Group has completed the EUR 5.7 bn acquisition of Dublin-based Depfa Bank to create a major new provider of commercial real estate and public sector lending. The largest takeover in Irish history was approved by the Irish High Court on Tuesday, days after Depfa's shareholders gave ...
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PropertyEU Archive
Icade to take 95% stake in Mr Bricolage
French construction group Icade is to increase its stake in the French property company Mr Bricolage. The takeover on 1 January 2008 will see Icade Group take control of 95% of the capital of Mr Bricolage. The deal will involve 32% by converting the BRS (Bonds Redeemable in Shares) it ...
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PropertyEU Archive
HDG fund sells Swedish property for EUR 80m
The Shariah-compliant HSBC Amanah Global Properties Income Fund has sold an office building in Kista, Stockholm to Morley's European Property Fund for EUR 80 mln. The property is let to telecommunications giant Ericsson, according to a statement released by HDG Mansur, manager of the HSBC Amanah fund.
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PropertyEU Archive
CBRE fund acquires eight buildings in Germany
CB Richard Ellis Strategic Partners Europe Fund III has acquired its first assets in Germany with the purchase of eight properties in Hamburg, Dusseldorf, Frankfurt and Munich. The portfolio comprises a total area of 69,000 m2, of which more than 60% is office space and around 20% is residential. The ...
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PropertyEU Archive
AAIM bets on Germany's rebound
UK property fund manager AAIM plans to launch a new pan-European fund shortly after having built up a EUR 2 bn portfolio across Continental Europe over the last year. The new fund will have about the same size as its £2 bn (EUR 2.8 bn) older brother Symmetry.
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PropertyEU Archive
Tishman Speyer sees flight to quality in German market
The global credit crunch will have an impact on the most sought-after type of assets in Germany, says Eric Adler, managing director of European acquisitions at Tishman & Speyer in an interview in the upcoming edition of PropertyEU. 'In the last period, people didn't care anymore about what they were ...
