Latest reports – Page 3657
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PropertyEU Archive
JLL sees 'cautious investment market' in Scotland
The Scottish office of property advisor Jones Lang LaSalle has predicted increasing caution by commercial property lenders in Scotland as their exposure remains significant and the 'rising cost of debt bites harder'. Direct real estate investment in the UK reached a record £27 bn during the first half of the ...
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PropertyEU Archive
Sal. Oppenheim buys bank HQ in Frankfurt
Cologne-based private bank Sal. Oppenheim has acquired the headquarters of the mortgage bank AHBR in the west of Frankfurt, German property newspaper Immobilien Zeitung has reported. Sal. Oppenheim intends to extend the building for a total investment of EUR 100 mln.
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PropertyEU Archive
Foreign investors continue 'love affair' with UK
Foreign investors accounted for over 45% of the UK real estate investment market in the first half of 2007, according to new research from Jones Lang LaSalle. This equates to £12.5 bn of the £27 bn transacted in the UK in the first six months of this year. ...
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PropertyEU Archive
RREEF acquires UK shopping centre for EUR 30m
RREEF, the property arm of Deutsche Bank, has exchanged contracts with London & Associated Properties (LAP) for the acquisition of the Saxon Square shopping centre in the Dorset town of Christchurch in the UK for just over £20 mln (EUR 30 mln). LAP said in a statement that ...
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PropertyEU Archive
Spazio Investment to acquire major Milan freight terminal
Spazio Investment has submitted a binding offer to acquire one of the largest freight terminals in the Milan area from Ortensia for EUR 31.5 mln. The 29,200 m[sup]2[/sup] asset is on a 150,000 m[sup]2[/sup] plot of land in Melzo, about 20 km east of Milan. The property includes 3,000 ...
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PropertyEU Archive
Anglo Irish, Alanis purchase Liverpool's Metquarter shopping centre
Anglo Irish Bank Private Banking and Alanis Capital, the investment firm run by the family of Dublin financier John McCormack, have acquired the Metquarter shopping centre in Liverpool from a joint venture for a sum believed to be in the region of EUR 120 mln. The 12,600 m[sup]2[/sup] scheme, which ...
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PropertyEU Archive
Edinburgh House takes German portfolio to EUR 1bn
Private real estate investment company Edinburgh House Estates has increased the total value of its holdings in Germany to EUR 1 bn following the recent acquisition of a EUR 30 mln retail property portfolio.
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PropertyEU Archive
Central London investment reaches record EUR 8.6b in 2Q 2007: Knight Frank
Investment volumes in Central London offices reached record levels in the second quarter of the year, advisor Knight Frank said in its 'Central London Quarterly' report. Turnover hit £ 5.8 bn (EUR 8.6 bn), which is the largest quarterly total on record. The majority of activity was in the City ...
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PropertyEU Archive
Bow Bells set to become Bank of Ireland's new London HQ
The Bank of Ireland is planning to move its London headquarters to Bow Bells House in the City and has signed a long lease for the 67,000 sq ft (6,220 m2) of offices in the heart of London. The Bank will pay a rent of around £65/sq ft (about EUR ...
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PropertyEU Archive
C&W appointed to market Media City
Peel Media has appointed international property agent Cushman & Wakefield to assist in the development and promotion to potential occupiers of Media City in Manchester, UK. Work is already underway onsite at Salford Quays, near Manchester, to transform 200 acres (81 hectares) of former dockland into an internationally significant creative ...
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PropertyEU Archive
Continued boom predicted for Berlin hotel market
Berlin´s attraction as a tourist destination in the growing city break segment means that the city is also becoming a magnet for domestic and foreign investors in hospitality real estate, according to a new report from Winters & Hirsch, a property consultancy based in the city. Records have been broken ...
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PropertyEU Archive
Colliers report on Bulgaria's dynamic retail property sector
Commercial real estate firm Colliers International Retail has just published their overview of the Bulgarian retail real estate sector in 2007 to date. It confirms that retail continues to be the most dynamic commercial real estate sector in the country, with demand remaining high. Set against the economic background of ...
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PropertyEU Archive
Hypo RE provides EUR 174m financing for Macquarie CountryWide
Hypo Real Estate Bank International, a member of Hypo Real Estate Group, announced that it has agreed to provide a EUR 174 financing facility to Macquarie CountryWide Trust to finance the purchase of five shopping centres in Poland from Simon Ivanhoe. The transaction was completed on 3 July 2007.
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PropertyEU Archive
VastNed and Fortis announce Dutch retail deals
Dutch property companies VastNed Retail and Fortis Vastgoed Ontwikkeling have announced the conclusion of agreements concerning three retail development projects in the Netherlands. VastNed will be acquiring a shopping centre in Hendrik-Ido-Ambacht and a number of shops in the centre of Lelystad from Fortis, while Fortis has taken an option ...
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PropertyEU Archive
Adler, AIG buy 12 offices in Germany
Germany' s Adler Real Estate and AIG Global Real Estate have jointly acquired a portfolio of 12 high-quality office properties located in Berlin, Frankfurt, Munich and other cities throughout Germany. The portfolio provides a total net rentable area of 54,000 m[sup]2[/sup]. The financial details of this transaction have not been ...
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PropertyEU Archive
Moscow to sell Gorky Park
The city of Moscow is planning to sell a majority stake in Gorky Park, a recreation centre in central Moscow, by the end of 2007, Russian newspaper Kommersant reported. The park, which was opened in 1982, covers around 100 hectares in central Moscow. According to Kommersant, its market value is ...
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PropertyEU Archive
Herkules Grundbesitz buys EUR 21m hotel in Germany
Danish real estate investment company Herkules Grundbesitz has acquired a Novotel hotel and conference center in Krefeld, Western Germany. The transaction price comes to EUR 21 mln. The property is leased to Accor with a long-term lease through 2026. The hotel features 155 rooms as well as 13 conference areas ...
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PropertyEU Archive
Grupo Detea to build Bulgaria's biggest mall to date
The Bulgarian Foreign Investment Agency has reported that Spanish real estate company Grupo Detea will build the country's largest retail centre so far. According to the agency it is investing EUR 50 mln in the construction of a shopping mall in the southeastern part of the city of Sofia, opposite ...
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PropertyEU Archive
Deutsche RE shops in Frankfurt
Hamburg-based Deutsche Real Estate has bought the Schillerpassage building in Frankfurt/Main from several private banks including BHF bank for approximately EUR 29 mln. The asset provides some 8,700 m[sup]2[/sup] of offices on the upper floors, which were refurbished between 1990 and 1992. Occupancy rate for the asset stands at 53%. ...
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PropertyEU Archive
ZBI sells mixed-use portfolio for EUR 420m
Erlagen-based Zentral Boden Immobilien (ZBI), through its real estate funds Wohnungsfonds I, II and III, has sold about 6,000 houses and 400 commercial units to Citcor Residential Holding, which is a joint venture between Citigroup Property Investors (90%) and CorpusSireo (10%). The transaction price is between EUR 420 mln and ...
