Latest reports – Page 3636
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PropertyEU Archive
Collier's Kirinda development lined up for new award
Following on from the award it received at MIPIM last March, property consultants Colliers International's reconstruction of the Sri Lankan village of Kirinda has been selected as a finalist for the 2007 CNBC International Property Awards in Las Vegas. Colliers created the project to restore the village in a sustainable ...
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PropertyEU Archive
Chagala buys more land in Atyrau
Kazakh real estate developer and operator Chagala Group has announced that it has acquired 8,000 m[sup]2[/sup] of land in Atyrau, completing the land purchase phase for a mixed-use complex planned by the company in the heart of this major city in western Kazakhstan. The planned complex will consist of apartments ...
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PropertyEU Archive
Aberdeen fund spends EUR 140m in Gothenburg
Aberdeen Property Funds Pan-Nordic has agreed to acquire a 100,000 m[sup]2[/sup] real estate portfolio in Sweden for EUR 140 mln. The portfolio in Gothenburg and Mölndal consists largely of offices, but includes some residential units and retail space.
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PropertyEU Archive
Parkridge opens its first Polish mall
Pan-European commercial property developer has opened a 42,000 m[sup]2[/sup] shopping centre in Rybnik, Poland. The scheme is the first of six Polish centres to be opened in under the Focus Park brand, and is fully let to retail tenants including C&A, Orsay, Alma and Vistula and the cinema operator Multikino. ...
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PropertyEU Archive
Edinburgh House buys retail portfolio in Germany
British real estate company Edinburgh House has bought a 14-asset retail portfolio in Germany for about EUR 30 mln. The properties are leased to tenants including Edeka, Peek & Cloppenburg, Vodafone and Reno. The investment boosts the company's portfolio in the country to EUR 1 bn, newspaper Immobilien Zeitung reported.
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PropertyEU Archive
Norwegian Property, Aberdeen wrestle for Norgani
Oslo-based Norwegian Properties has increased its offer for Norgani Hotels to NOK 91 (EUR 11.60) per share, valuing the fifth largest hotel owner in Europe at EUR 462 mln. The enhanced offer for the Oslo-based hotel company is being tabled through single-purpose vehicle Oslo Properties. The new bid represents a ...
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PropertyEU Archive
Credit crisis cuts into Shard development
Property company CLS has warned that construction of the Shard tower in the British capital may be delayed because the turmoil in the financial markets has driven up the cost of borrowing. The 72-storey glass-covered skyscraper, designed by Renzo Piano, is also known as London Bridge Tower. Its proposed height ...
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PropertyEU Archive
IPD reports 15-year low for UK property returns
According to the latest UK Monthly Index from the Investment Property Databank (IPD), the country's commercial property delivered no monthly return in August for the first time in almost 15 years. While the year-to-date total remains at 4.6%, the income return of 0.4% was cancelled out last month by a ...
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News
Sacramento County eyes REITs and value-added
UNITED STATES - Sacramento County Employees Retirement System is expected to discuss two additional real estate investment strategies at its board meeting in October which could see the fund invest a further $125m (€90.6m).
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MagazineThe human factor
As in other asset classes, falling returns in real estate have increased the focus on manager-specific risk, as Greg Wright explains
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MagazineInteresting times
As the use of debt moves up the agenda, the focus on interest rates volatility is intensifying. Edward Barker and Gerbert van Grootheest explain
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News
CalPERS approves infrastructure pilot program
UNITED STATES - California Public Employees Retirement System has approved a pilot program to invest up to $1.5bn (€1.44bn) in infrastructure on a global basis.
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Magazine
Know your tenant
As real estate prices rise, attention is turning to rental income – where many potential pitfalls await. So has the time come to systematically assess global real estate income risk? Simon Marx reports
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PropertyEU Archive
Prem Group buys hotel portfolio in France and Belgium
The Prem Group has bought a portfolio of three and four-star hotels under the Holiday Inn, Holiday Inn Express and Crowne Plaza brands in France and Belgium for about EUR 65 mln. Prem, the hospitality group of real estate developer Paddy Kelly, has acquired the nine assets in a joint ...
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PropertyEU Archive
Multi opens La Vache Noir in Paris
Dutch retail specialist Multi Development inaugurated La Vache Noir shopping centre on the southern outskirts of Paris last week. The 51.1 million m[sup]2[/sup] space is part of one of the region's largest regeneration projects, which includes new housing, a hotel and a cinema in the down-at-heel town of Arcueil.
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PropertyEU Archive
Sonae Sierra to refurbish Centro Colombo
Sonae Sierra said on Friday it is to refurbish Lisbon's Centro Colombo, a shopping and leisure centre which was developed in a 50/50 joint venture with ING RE. Representing an investment of EUR 31 mln, the refurbishment project will continue through to November 2008. The centre, which opened in September ...
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PropertyEU Archive
Development Secs buys Hammersmith Grove site
London-listed development and investment company Development Securities has agreed to purchase an initial 39% stake in a site at Hammersmith Grove from London Underground for £19 mln (EUR 28 mln) in cash and debt. The site is a surface car park, but Development Securities said that it has applied to ...
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PropertyEU Archive
Santander to get binding offers for EUR 4 bn portfolio
Spanish financial giant Banco Santander has received several informal offers from foreign banks for its EUR 4 bn property portfolio, according to Spanish newspaper Cinco Dias. The paper added that Santander hopes to collect binding offers by the end of this month. Santander announced last June that it was to ...
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PropertyEU Archive
Russia's RBI to invest EUR 360m in regional expansion
RBI Holdings, a Russian property developer and investor active in the city of St Petersburg, plans to invest $500 mln (EUR 360 mln) in the next two years to acquire land plots in other Russian regions as it launches an expansion strategy designed to make it a national player.
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PropertyEU Archive
Rutley to complete EUR 163 mln purchase
Rutley European Property said it will complete the purchase of a large commercial portfolio on 1 October at the latest. The portfolio consists of 19 properties across France, Germany and the Netherlands and is being acquired for EUR 163 mln, reflecting a gross initial yield of 6.79%. It is made ...
