Latest reports – Page 3628
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PropertyEU Archive
C&W appointed letting agent for Capital Square
Cushman & Wakefield has received the mandate from German property developer Hochtief to act as the exclusive letting agent for its 38,000 m[sup]2[/sup] Capital Square office development.
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PropertyEU Archive
Wichford buys Dutch and French office buildings
Wichford, a property investment company listed on the AIM segment of London Stock Exchange, is acquiring office buildings in France and the Netherlands for a combined investment of EUR 42 mln.
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PropertyEU Archive
King Sturge join forces with new Irish partner
King Sturge announced on Friday that it has launched a new joint venture with the Dublin-based commercial property advisor HT Meagher O'Reilly in a move aimed at enabling 'both firms to expand their range of services to their existing and new clients.
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PropertyEU Archive
Aisi Realty portfolio valued at $40.5m
Ukrainian property investor Aisi Realty said property valuer DTZ had valued it total portfolio at $40.5 mln (EUR 28.6 mln) as of 1 August 2007, without giving an earlier value. The valuation will be used to calculate the number of warrants to be issued under the terms of the Founding ...
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PropertyEU Archive
Erinaceous reshuffles top as it posts pre-tax loss
Erinaceous said it swung to pre-tax loss of £3.9 mln at June 2007 from a profit of £12 mln in June 2006. The 'property support services company, which published its half-year results on Thursday, said that it 'will not meet the market expectations for the full year', and announced it ...
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PropertyEU Archive
European Commission rounds off deal enquiry
The European Commission said on Friday that its inquiry into the proposed acquisition of 149 properties and four real estate companies by Citibank International and Corpus Immobiliengruppe will be completed on 29 October. The two companies are cooperating in the purchase through their investment vehicle CPI Capital Partners Europe. The ...
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PropertyEU Archive
Immofinanz pays dividend for first time
Austrian real estate company Immofinanz is to pay dividend for the first time after shareholders approved the board's motion to return 33 cents per share for the fiscal year ending 30 April 2007. Immofinanz said the total payout to shareholders will amount to EUR 150 mln.
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PropertyEU Archive
Unicredito mulls sale of Fimit stake
Bank Unicredito Italiano is reportedly considering selling the majority stake that smaller rival Capitalia owns in the real estate fund management firm Fimit. Bank Unicredito and Capitalia recently agreed to merge.
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PropertyEU Archive
Atlas Estates sells stake in Nove Vajnory Project
Property Investment company Atlas Estates has sold a 28.25% stake in a joint venture which owns the Nove Vajnory Project in Bratislava, Slovakia to its Slovak partner Eastfield for EUR 7 mln. As a result of the sale, Atlas will hold a 50% stake in the Nove Vajnory Project.
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PropertyEU Archive
Multi Development Italy opens I Petali di Reggio mall
Multi Development has announced that the last phase of its I Petali di Reggio shopping centre has opened. This phase includes six brands from the Inditex group, together with other national and international retailers. The 28,500 m[sup]2[/sup] mall will introduce totally brands into the Northern Italian city of Reggio Emilia, ...
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PropertyEU Archive
Great Portland sells Met Building for EUR 153m
Great Portland Estates (GPE) is selling the 110,000 square foot (10,219 m2) Met Building to Lazari Investments for £107 mln (EUR 153 mln). The sales price represents a net initial yield to the purchaser of 4.1%. Great Portland said the transaction price is in line with the property's book value ...
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PropertyEU Archive
Societe de la Tour Eiffel pre-lets CityZen
Societe de la Tour Eiffel, a French real estate investment company has pre-let its 6,800 m[sup]2[/sup] office development CityZen at Boulevard National in Rueil Malmaison, near Paris, almost a year prior to the planned delivery in mid 2008. The future tenant is Soletanche Bachy, subsidiary of the Vinci Group, and ...
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PropertyEU Archive
Riofisa presents EUR 175m mixed-use project for Plovdiv
Spanish listed retail specialist Riofisa has presented Civis, a new shopping centre to be developed in the Trakiya residential district of Plovdiv, the second-largest city of Bulgaria.
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PropertyEU Archive
DDC acquires land plots for Romanian development
Dawnay, Day Carpathian (DDC) has acquired two land plots covering a total area of 24,500 m[sup]2[/sup] in Arad, Romania for a multi-purpose development project.
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PropertyEU Archive
Aedes H1 operating profits up 22.5% to EUR 45m, net profit falls to EUR 16m
Italian real estate company Aedes said its operating profits rose 22.5% to EUR 45.1 mln in the first six months of 2007 as net revenues rose 28% to just under EUR 100 mln. The company said that both figures were in line with its business plan targets, although net profit ...
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PropertyEU Archive
Mapic 2007 awards: 42 projects from 19 countries presented
A total of 42 projects from 19 countries have been presented for the 2007 awards for Mapic, which will be held in Cannes, France from November 14 to 16. Half of the projects presented are for shopping centres, a new award category that has been added this year for those ...
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PropertyEU Archive
Warimpex to develop EUR 120m complex in St. Petersburg
Warimpex Finanz- und Beteiligungs has got approval from St. Petersburg's city authorities for the first development phase of its 85/15 joint venture project with St. Petersburg Airport. Warimpex will build the Airportcity business park on a 62,000 m[sup]2[/sup] site at the international Pulkovo 2 Airport.
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PropertyEU Archive
UBS buys Spanish mall for EUR 100m
Swiss bank UBS has bought the Metromar shopping centre near the Southern Spanish city of Seville for about EUR 100 mln. The mall was purchased by UBS from the Spanish developer Novaindes on behalf of the UBS Lux Real Estate fund. This is the first acquisition of a Spanish shopping ...
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PropertyEU Archive
Habitat to sell EUR 545m real estate by end-2008
Spanish real estate group Habitat is to dispose of EUR 545 mln worth of properties by the end of 2008 as part of an agreement reached with its creditor banks. Last year, the company borrowed EUR 1.74 bn to fund the takeover of its peer Ferrovial. Habitat said it has ...
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News
US pension fund capital flows to Europe
UNITED STATES - A significant amount of pension fund capital in the United States is still moving towards Europe as California State Teachers Retirement System and Los Angeles County Employees Retirement Association made new investments.
