Latest reports – Page 3633
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PropertyEU Archive
GE bids for Santander properties - Expansion
GE Real Estate has reportedly offered EUR 4 bn for the properties being sold off by Spanish bank Santander in a sale and leaseback construction to fund its part of the EUR 71 bn consortium bid for Dutch bank ABN Amro.
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PropertyEU Archive
Standard Life acquires retail warehouses in Sweden
Standard Life Investments (SLI) announced on Friday that it has completed the purchase of three prime retail warehouses at Kungens Kurva, Sweden on behalf of its European Property Growth Fund (EPGF). Kungens Kurva is an out-of-town retail warehouse park located just 15 minutes drive from central Stockholm. The park has ...
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PropertyEU Archive
Hypo finances Moscow logistics joint venture
Hypo Real Estate Bank International has completed a EUR 32 mln financing for a joint venture between Brack Capital and Apollo Real Estate Advisors for the development of a 41,000 m[sup]2[/sup] logistics complex in Lobnia, near Moscow. The property is fully pre-let to an international tenant for a period of ...
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PropertyEU Archive
Gardens Group invests EUR 400m in Bulgarian scheme
Israeli property developer Gardens Group said it plans to invest EUR 400 mln in a mixed-use complex known as Garden City to be constructed near the village of Lozen in the district of Sofia. The complex will include houses, apartments, offices, a sports centre and schools. Gardens Group said that ...
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PropertyEU Archive
Llanera feels grip of the credit squeeze
Valencia-based property company Llanera risks falling victim to the combination of the global credit crisis and the current slowdown in the Spanish real estate market. The company's board held an emergency meeting on Friday to discuss the problems it is facing as it attempts to refinance EUR 304 mln of ...
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PropertyEU Archive
IVG buys two Munich assets
Germany's IVG Development has acquired two building projects in Munich from Aurelis Real Estate for an undisclosed amount. The sites in central Munich will provide 21,500 m[sup]2[/sup] and 6,600 m[sup]2[/sup] of office space respectively. Construction is due to start in the spring of 2008, with completion planned for the autumn ...
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PropertyEU Archive
Swiss advisor crosses into Germany
Swiss real estate advisor Wuest & Partner has opened a new subsidiary, W&P Immobilienberatung, in Frankfurt in response to what it said was the rising demand for such services in the German market. Wuest & Partner has offices in Geneva and Zurich.
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PropertyEU Archive
ING RE to open Romanian office
ING Real Estate said on Thursday that it is to open an office in Romania next month. Siep Hoeksma will be responsible for the start up of the new office in Bucharest and the establishment of a new organisation. Hoeksma has been working for ING Real Estate since 1980. He ...
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PropertyEU Archive
MWB hotel sale held up by 'market uncertainties'
British property investment company Marylebone Warwick Balfour (MWB) issued a short statement on Thursday to announce that the sale of its Malmaison and Hotel du Vin property portfolios is being put on hold 'as a result of the current uncertainties in the markets'.
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PropertyEU Archive
Redevco acquires Sud Ouest HQ
Redevco France is buying a 25,000 m[sup]2[/sup] complex in the historic heart of Bordeaux from the Sud Ouest newspaper group. The site, which occupies one hectare of land bordering the Rue Sainte Catherine, houses the newspaper's editorial and administrative offices. The total investment in the project exceeds EUR 100 mln ...
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PropertyEU Archive
Gebhard Real Estate AG places EUR 20 mln mortgage loan
German company Gebhard Real Estate has placed its first mortgage loan. The EUR 20 mln transaction marks the entry of Gebhard Real Estate into the market for mortgage loans secured by land register entries.
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PropertyEU Archive
Hypo takes stake in EUR 2.5 bn real estate loan
The international arm of Germany's Hypo Real Estate Bank has taken a 27% stake in a 3-month bridging loan of AUD 4.2 bn (EUR 2.5 bn) granted to Post Financier Pty for the acquisition of Investa Property Group, the largest sector-specific office trust in Australia. The loan was arranged by ...
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PropertyEU Archive
CBRE: green agenda gaining momentum in Irish property market
Incorporating sustainable and energy efficient designs will soon be an expectation as opposed to an exception in the Irish commercial property market, according to a report by real estate advisor CB Richard Ellis. While market players have yet to fully embrace sustainability and its potential implications, this is set to ...
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PropertyEU Archive
CapMan RE II to develop mall with Finesco Invest
CapMan RE II fund has entered into an agreement with Finesco Invest for the development of a shopping centre in the southern Finnish town of Hyvinkaa. CapMan RE II is the first private equity fund in Finland to focus on property development. The fund also makes selected investments in finished ...
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PropertyEU Archive
Jones Lang LaSalle forms Baltic alliance
Global property advisor Jones Lang LaSalle (JLL) has formed a partnership with Re&Solution, an independent real estate consultancy operating in Latvia, Lithuania and Estonia.
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PropertyEU Archive
Immofinanz's EBIT rises 26% in first half
Immofinanz, one of Austria's biggest listed real estate company said on Thursday its earnings before tax (EBT) rose 43.5% year-on-year from EUR 119.4 mln in the first half of 2006 to EUR 171.3 mln in mid-2007. Operating profit (EBIT) reached EUR 183 mln, up from EUR 144.9 mln, reflecting a ...
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PropertyEU Archive
Sainsbury's rules out property sell-off
Sainsbury's has given permission to the Qatari-backed Delta Two group to undertake due diligence of the UK retail chain's business in preparation of a possible takeover. But Sainsbury's ruled out the divestment of its substantial property holdings in a sale and leaseback operation.
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PropertyEU Archive
Tour Mozart wins 2007 Eco Building award
The Tour Mozart project by French developer Bouygues Immobilier has won the 2007 Grand Prix Eco Building Performance award for high-rise buildings. The other entrants during the Eco Building Performance fair from 18 to 20 September 2007 in Paris were the Bank of America tower in New York, designed by ...
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PropertyEU Archive
King Sturge links up with Irish advisor
King Sturge and Dublin-based property advisor HT Meagher O'Reilly have agreed a formal association. British-based King Sturge has a network of offices in Europe providing commercial and residential property advise, while HT Meagher O’Reilly has handled over EUR 2 bn worth of property transactions in Ireland. High profile deals that ...
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PropertyEU Archive
Rynda snaps up EUR 110m portfolio in France
Rynda Property Investors, acting on behalf of its French Rynda en Primeur fund, has purchased the Papillon office portfolio for about EUR 110 mln from Paris Office Fund II, a fund managed by AXA Reim France. The portfolio comprises seven properties across the French cities of Lille, Aix, Toulouse, Orleans ...
