Latest reports – Page 3655
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PropertyEU Archive
MWB Business Exchange opens four new UK centres
AIM-listed office workspace provider MWB Business Exchange has launched new centres in Newcastle, Manchester and two in the City of London. The company added that the move follows the signing of key operating and management agreements as part of its expansion into regional markets.
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PropertyEU Archive
Prologis set to buy former Peugeot car factory's site
Prologis is set to acquire a 263,000 m[sup]2[/sup] plot on the site of the former Peugeot car factory in the English town of Coventry for £40 mln (close to EUR 60 mln). Prologis is buying the property from the Barclay brothers, who purchased the entire 574,000 m[sup]2[/sup] area last March ...
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PropertyEU Archive
DDC to develop mixed-use complex in Transylvania
Dawnay Day Carpathian (DDC), UK-based retail property company that invests in Central and Eastern Europe, has acquired a 20,000 m[sup]2[/sup] plot of land in Cluj-Napoca, Romania for a mixed-use development.
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PropertyEU Archive
Hochtief, Deripaska to join forces for Olympics
Hochtief is to work together with Russian shareholder Oleg Deripaska on infrastructure projects in the Russian Black Sea city of Sochi, which hosts the 2014 Winter Olympics bid. Hochtief is in 'intensive talks' with Deripaska's company Basic Element in particular about the operation of airports in the region, Hochtief ceo ...
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PropertyEU Archive
Aareal provides EUR 275m financing to AMB
Aareal Bank has signed a EUR 275 mln multi-currency pan-European master facility with AMB Europe Fund I, FCP-FIS. The fund, managed by AMB Fund Management, is a Euro-denominated open-end commingled fund. It intends to invest in distribution facilities near major airports, seaports and highway systems, and in the major metropolitan ...
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PropertyEU Archive
Westerbury to sell off properties in merger deal
Westbury Property Fund, a Guernsey-registered commercial property and ports company, has agreed to dispose of the majority of its property portfolio for £142 mln (EUR 210 mln) as part of a complex merger with well-known UK road haulage group Eddie Stobart Holdings. The merger is being conducted through the acquisition ...
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PropertyEU Archive
Warburg Henderson's fund buys into German offices
Warburg-Henderson's asset manager HIH Hamburgische Immobilien Handlung has bought an office building in Germany on behalf of the pan-European fund Warburg-Henderson Multinational Plus. The transaction volume comes to EUR 70 mln. The office, located in Hamburg, was developed in 2003 and provides some 19,900 m[sup]2[/sup] of space. Major tenants include ...
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PropertyEU Archive
Modulus sells office campus Hardenburch Rijswijk
Modulus Vastgoedondernemingen has sold the Office Campus Hardenburch in Rijswijk, western Netherlands, to Henderson Global Investors for an undisclosed amount. The camps comprises seven office buildings, with a 95% occupancy rate. The total lettable floor area is 12,324 m[sup]2[/sup] and 146 parking spaces. Modulus is a development and investment company ...
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PropertyEU Archive
Ariston Real Estate acquires three German assets
Ariston Real Estate has bought three commercial assets in the southern Germany city of Freising for EUR 54 mln. The fully-leased properties cover a total of 28,376 m2, German newspaper Immobilien Zeitung reported. The deal reflects a yield of 7.6%. The assets, including a 9,000 m[sup]2[/sup] logistics building, generate an ...
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PropertyEU Archive
Icelandic bank to pay EUR 3bn for NIBC
Icelandic bank Kaupthing is to acquire struggling Dutch merchant bank NIBC for EUR 3 bn. The announcement came as NIBC released annual figures confirming it had suffered a EUR 137 mln loss on its exposure to the sub-prime mortgage market in the US. NIBC is owned by a consortium led ...
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PropertyEU Archive
Office take-up in Edinburgh jumps by 73%
Office take-up in Edinburgh rocketed by 73% year-on-year to 55,000 m[sup]2[/sup] in the first half of 2007, according to the latest research from Jones Lang LaSalle. Total take-up for the second quarter came to 37,000 m2, doubling the level of take-up in the first quarter.
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PropertyEU Archive
Orco snaps up office building in Prague's BB Centre
Luxembourg-based Orco Property Group has acquired an office building in the BB Centre in Prague from Czech developers Passerinvest through its Endurance Office and Retail Fund for an undisclosed sum. The property, known as 'Building E', represents the fund's largest acquisition so far, and comprises 14,600 m[sup]2[/sup] of office space, ...
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PropertyEU Archive
Vincci set to buy hotels from Acciona
Vincci Hoteles is negotiating with Acciona for the purchase of the developer's share of the hotels that the two companies jointly own, Spanish newspaper El Economista reported, without citing sources. The two companies each own a 50% stake in Altai Hoteles. Under the venture started in 2002, Acciona took care ...
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PropertyEU Archive
Citycon set to buy Finnish mall for EUR 330m
Citycon is acquiring one of the largest shopping centres in Finland from funds managed by London-based equity firm Doughty Hanson for about EUR 329 mln. The agreement on the sale of the Iso Omena shopping centre in Helsinki was signed on Tuesday and the transaction is expected to be completed ...
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PropertyEU Archive
Level One acquires German property portfolio for EUR 502m
Level One, the German residential and commercial real estate group, has acquired a mixed portfolio of properties in the east and south of Germany for EUR 502 mln. The portfolio includes more than 11,500 residential units that comprise a total of 790,000 m[sup]2[/sup] of lettable space, almost doubling the number ...
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PropertyEU Archive
RE investment drops in Hungary
The total investment volume in Hungarian commercial real estate dropped about 25% year-on-year to about EUR 750 mln in 2006, according to a new report by King Sturge. The property advisor said it expects the recent slowdown in activity to continue through the rest of 2007. The main causes of ...
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PropertyEU Archive
Redevco gets go-ahead for redevelopment in London
Amsterdam-based real estate company Redevco has received planning approval for the redevelopment of 120 Moorgate in the centre of London. The 10-storey office-led scheme, designed by the architecture firm Allies & Morrison, will be Redevco's first development in the City of London district. The property will provide 14,540 m[sup]2[/sup] ...
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PropertyEU Archive
Cushman & Wakefield launches Kiev operation
Property advisor Cushman & Wakefield has opened an office in the Ukrainian capital of Kiev. The new office will be headed up by Bud Moore, who moves from C&W's Moscow operation. Backed by a staff of 15, Moore will be offering a full range of property services covering brokerage, capital ...
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PropertyEU Archive
Niam opens Helsinki office
Swedish private equity firm Niam has set up an office in Helsinki to reinforce its presence in Finland. The company has appointed Pekka Salakka, who had previously been responsible for investments at CapMan Real Estate, to run the business. Salakka, who will officially become managing director of Niam Finland on ...
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PropertyEU Archive
ING RE buys Brussels offices
ING Real Estate has acquired two office buildings in Brussels for EUR 22 mln on behalf of the group's European Office Fund. ING bought Louise 375 building, a 4,434 m[sup]2[/sup] office located in one of the most prestigious streets of Brussels and part of the central business district. The premise ...
