Latest reports – Page 3647
-
PropertyEU Archive
Qatari investor sells Paris conference centre for EUR 465m
Qatar-based Barwa Real Estate announced it has sold the International conference centre in the 19th arrondissement of Paris to an unnamed 'strategic investor' for EUR 465 mln. The Qatari group bought the centre last April at an auction organised by the government for EUR 404 mln. Barwa said it would ...
-
PropertyEU Archive
Colliers starts leasing of Southern Serbia's first mall
Colliers International Serbia said it has started the leasing of the Interspeed shopping centre in Serbia. Interspeed, located in the Presevo area, is the fist shopping mall in the whole of Southern Serbia, Colliers said. The centre is scheduled to open in the summer of 2008.
-
PropertyEU Archive
Royal BAM Group sells EUR 215m properties in the UK
HBG Properties, the property development arm of HBG UK and an operating company of Dutch building group BAM, has sold eight office properties to German investor IVG Immobilien for £146 mln (approximately EUR 215 mln).
-
PropertyEU Archive
Fincas Corral closes 170 Spanish offices in 2007
Fincas Corral, one of the leading real estate consultancy groups in Spain, has closed half of its offices in the country so far this year, according to an article on Thursday in Spanish newspaper Cinco Dias. The property advisor said the move marked 'an adjustment' to the current situation of ...
-
PropertyEU Archive
Balfour Beatty snaps up Cowlin for £ 52m
UK construction firm Balfour Beatty said it had acquired regional peer company Cowlin Group from the current management for £ 52 mln (EUR 76.7 mln) in cash. Cowlin has positive net cash balances of more than £ 20 mln, Balfour Beatty said.
-
PropertyEU Archive
XXI Century anticipates NAV of EUR 1 bn
XXI Century Investments, the Ukrainian real estate investment, development and property management company, has forecast that its net asset value (NAV) will come to $1.4 bn (just over EUR 1 bn) for the first six months of 2007. The figure is based on an estimated fair value of EUR 1.1 ...
-
PropertyEU Archive
Metrovacesa buys EUR 340m properties in Germany
Spanish real estate company Metrovacesa has acquired eight buildings in Germany for EUR 340 mln from Tishman Speyer. The assets include seven properties located in the heart of Dusseldorf's banking district and one in Frankfurt. The deal is believed to reflect a net initial yield of 5%.
-
PropertyEU Archive
Carrefour plans EUR 3bn property IPO in 2008
French retail giant Carrefour said Thursday it plans to sell off part of its enormous property portfolio via an Initial Public Offering (IPO) in 2008. The firm said it aims to raise EUR 3 bn from the bourse launch of its newly-created European real estate vehicle which will be called ...
-
PropertyEU Archive
ING Industrial Fund sees earnings per unit grow 11.5%
ING Industrial Fund said on Wednesday its distributable income rose by 35.2% to EUR 109.3 mln in the year ended 30 June, resulting in an 11.5% increase in distributable income per unit. Distributable income per unit before gains on sales of investments increased 11.3%.
-
PropertyEU Archive
Berlin reverberates to retail boom
International chain stores are flocking to Berlin like bees to honey, according to a new report by independent property advisor Winters & Hirsch. When the current revamp of Alexanderplatz is complete, the city's central square and public transport hub will boast some 165,000 m[sup]2[/sup] of sales floor, twice its pre-transformation ...
-
PropertyEU Archive
Multiplex to build UK's highest tower
Australian property group Multiplex has been chosen to develop the 63-storey Pinnacle Tower at Bishopsgate in London's financial district. The skyscraper project was initially called Helter Skelter but was renamed when the Shariah-compliant real estate company Arab Investment bought it from Germany's Difa last May.
-
PropertyEU Archive
Madison buys 40% of Corovest
Madison Property Fund Managers has acquired a 40% stake in Corovest, the investment manager for Jersey-registered closed-ended property company Ciref. Madison said the acquisition was a strategic move to broaden its international asset base. The financial details of the transaction were not disclosed.
-
PropertyEU Archive
Standard Life sells Edinburgh office
Standard Life Investments has sold 23 St Andrew Square in Edinburgh's city centre to Corob Holdings for £10 mln (EUR 15 mln). The deal reflects a net initial yield of 4.5%.
-
PropertyEU Archive
Multi, Meinl to develop Bulgarian mall
Dutch real estate company Multi Development and Austria's Meinl European Land are teaming up to build a EUR 168 mln shopping mall in Sofia. Forum Sofia, one of the largest development projects in Bulgaria, is scheduled for completion in late 2009. 'For Multi Development and Meinl European Land this is ...
-
PropertyEU Archive
Aurelius sells property in Hamburg
Aurelius Immobilien has sold the Silo and Fleethaus office buildings in Hamburg to Pramerica Real Estate Investors for over EUR 40 mln. The Silo property, developed in 2005, comprises 14,000 m[sup]2[/sup] of office space. The Fleethaus is a historical complex dating back to 1883. It provides 5,200 m[sup]2[/sup] of office ...
-
PropertyEU Archive
Develica lifts German holdings to EUR 1.5 bn
Develica Deutschland, the London-listed German real estate investor, has notarised contracts to acquire a mixed-use portfolio for EUR 45 mln, increasing the company's property assets to over EUR 1.15 bn. The latest transaction involves 12 properties in Central Germany with a floor area of 67,000 m[sup]2[/sup]. In a statement, the ...
-
PropertyEU Archive
Tragus Group mulls IPO
Tragus Group, the UK restaurant group that owns the Café Rouge, Bella Italia and Strada chains, is considering a £500 mln (EUR 737 mln) flotation next year, the online edition of The Times newspaper reported on Wednesday. Tragus, which is controlled by private equity firm Blackstone, is said to be ...
-
PropertyEU Archive
Oppenheim shops in Poland
German fund manager Oppenheim Immobilien-Kapitalanlagegesellschaft has bought three hypermarkets and a shopping gallery in Poland from GE Real Estate for EUR 132 mln. Jones Lang LaSalle represented GE Real Estate in the deal, while Cushman & Wakefield advised Oppenheim, newspaper Commercial Real Estate reported. The assets located in Gdansk, ...
-
PropertyEU Archive
Segro looks to Europe for further growth
UK property company Segro has set its sights firmly on continental Europe in the face of falling gains in its home real estate market. Unlike some of its highly leveraged counterparts who are moving into other European countries, Segro does not have financial difficulties as it has a £1.3 bn ...
-
PropertyEU Archive
German open-ended funds collect EUR 1.5bn in July
Germany's open-ended funds raised around EUR 1.5 bn in fresh shareholder capital in July, nearly EUR 500 mln more than the previous month, according to the latest figures from the association of German investment companies BVI. In July 2006, capital inflow into the funds amounted to EUR 83 mln.
