Latest reports – Page 3653
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PropertyEU Archive
Quintain Estates gets go-ahead at Wembley
Quintain Estates & Development has received the green light to develop a 10-storey mixed-use property at its Wembley regeneration project. The 57,000 m[sup]2[/sup] project, valued at £230 mln, will include a 441-bed Hilton hotel, a student hall of residence, five housing units and around 8,000 m[sup]2[/sup] of retail space.
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PropertyEU Archive
EPI sells mixed-use Berlin property
Curzon Global Partners /AEW Europe has announced that EPI Orange Holdings has sold 14,000 m[sup]2[/sup] of mixed-used property in Berlin to private clients of London-based Strategic Real Estate Advisors (StratREAL). EPI Orange Holdings is an investment company of European Property Investors, a pan-European value-added fund. Curzon Global Partners CEO Ric ...
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PropertyEU Archive
Tremon to reconsider listing
Spanish real estate company Tremon is considering reviving its plan to seek a listing on Madrid's stock exchange, Spanish newspaper Cinco Dias reported. The company's board is set to meet next week in Madrid to discuss the possible listing, which was originally signalled before the summer. Tremon planned to launch ...
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PropertyEU Archive
Prologis to invest EUR 900m in new fund
Prologis European Properties (PEPR) has announced it is to invest EUR 900 mln over the next three years in a new private equity vehicle. ProLogis European Properties Fund II will acquire assets from Prologis' EUR 3 bn development pipeline in Europe. A further 2,500 hectares of land is owned by ...
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PropertyEU Archive
C&W buys out its residential and hotel arms
Cushman & Wakefield is buying out RH International's 50% stake in the joint venture companies they formed together in January 2006. Cushman & Wakefield is acquiring C&W Residential and C&W Hotels for an undisclosed amount. 'This acquisition is aligned with C&W's aim to build a dominant presence in these sectors ...
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PropertyEU Archive
Immofinanz ups its stake in Immoeast subsidiary
Immofinanz has taken advantage of the recent sharp fall in share prices and purchased shares in its subsidiary Immoeast on the stock exchange. The Austrian property group says that its stake in Immoeast, which it founded as a subsidiary in 1999 to manage its activities in Central Europe, is set ...
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PropertyEU Archive
Expo Real 2007 grows further
The 10th edition of Expo Real, the international trade fair for commercial real estate, will this year host some 1,740 companies from 41 countries. The 2006 edition featured some 1,638 companies from 40 countries, about 100 less than the figure registered until August this year. The fair will grow by ...
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PropertyEU Archive
Pik hints at new acquisitions
Russian real estate developer Pik Group is planning to spend the proceeds raised through its share listing last June on acquiring new projects and repaying some of its debt, the firm's president said on Monday in an interview with business newspaper Vedomosti. Kirill Pisarev added that the company had already ...
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PropertyEU Archive
WDP targets EUR 150m portfolio in Romania
Euronext-listed Belgian logistics property investor Warehouses De Pauw (WDP) has begun its activities in Romania with the purchase of five sites close to Bucharest. Last month WDP announced that it would be focusing on Romania in the next phase of its strategic growth plan, and has set up WDP Development ...
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PropertyEU Archive
HBG Construction assigned to EUR 132m Liverpool development
Neptune Developments and Countryside Properties have announced the appointment of HBG Construction, a unit of the Dutch Royal BAM Group, to build the prestigious mixed-use Mann Island development in Liverpool City Centre. HBG has reported a value of £ 90 mln (EUR 132 mln) for the development, while Neptune says ...
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PropertyEU Archive
Invesco increases Spanish portfolio to EUR 190m
Invesco Real Estate has acquired the Brexta shopping centre in San Sebastian-Donostia, Spain for EUR 16 mln. The 12,760 m[sup]2[/sup] centre is situated in the historical area of San Sebastian. It has a current occupation of 94%, and tenants include Adolfo Dominguez, Lacoste, Lidl, Timberland and McDonalds. San Sebastian’s city ...
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PropertyEU Archive
Fidelity International to launch EUR250m Pan-European fund
Fidelity International said on Monday that it has made the first of a series of purchases for its planned Pan-European Real Estate Fund, which it intends to launch later this year. The fund has a warchest of approximately EUR 250 mln and it is anticipated that the majority of acquisitions ...
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PropertyEU Archive
Segro buys EUR 42m logistics portfolio in Lyon
UK REIT Segro, formerly Slough Estates, is continuing its expansion in Continental Europe with the acquisition of a 50,000 m[sup]2[/sup] portfolio of eight warehousing and light industrial buildings close to Lyon's airport. It has agreed to pay EUR 42.5 mln at an initial yield of 6.7%, rising to 7.5% when ...
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PropertyEU Archive
FDL spends EUR 90m on German residential
Fonciere Developpement Logements (FDL) has strengthened its presence in Germany with the purchase of a residential portfolio in the north of the country. FDL reached agreement with RAG to buy a 73% stake in Societe Gewo, owner of the portfolio of about 2,270 residential units across the Ruhr region. The ...
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PropertyEU Archive
Land Securities submits Victoria revamp plan
Land Securities submitted a proposal on Friday for the redevelopment of a 186,000 m[sup]2[/sup] area in Victoria, west London. A decision on the master plan by Westminster City Council is expected by next spring, the Financial Times reported. The project, involving an investment of about £2 bn (EUR 2.9 bn), ...
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PropertyEU Archive
Norwegian Properties to become largest Nordic RE player
Norwegian Properties is set to become the largest real estate company in the Nordic region following its NOK 3.3 bn (EUR 410 mln) bid for Norgani Hotels. Over 60% of Norgani's shareholders pre-approved the NOK 82.5 per share offer when it was announced on 14 August, and Norwegian Properties said ...
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PropertyEU Archive
Plaza Centers unveils 5th project in Romania
Plaza Centers is to develop a 25,000 m[sup]2[/sup] shopping and entertainment centre in the southern Romanian town of Slatina. The developer said the 20,000 m[sup]2[/sup] site it acquired in the town comes with an option to build about 10,000 m[sup]2[/sup] of residential accommodation, which Plaza may consider selling to a ...
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PropertyEU Archive
Babcock & Brown buys and sells in Germany
Australian investment bank Babcock & Brown has acquired a portfolio of six office and retail properties in Germany for EUR 380 mln. The 160,000 m[sup]2[/sup] portfolio was bought from a subsidiary of German property group Bayerische Bau und Immobilien Gruppe. It includes the Weißer Riese, Kustermannpark, and Pagodum properties in ...
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PropertyEU Archive
Mirland returns to profit on higher Russian rents
Mirland Development has reported a $60 mln (EUR 44 mln) profit for the first half of 2007, thanks to higher rental income. The Russian property company made a loss of $740,000 in the same period last year. Mirland said that it has invested just over $72 mln of the $293 ...
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PropertyEU Archive
British Land sees opportunities in credit squeeze
UK property major British Land has warned that the credit squeeze may be spilling over into the commercial property sector. Ceo Stephen Hester struck the note of caution as the second-largest real estate investment trust (REIT) in the UK posted results showing that underlying profits were up 7% to £76 ...
