Latest reports – Page 3661
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PropertyEU Archive
PBW Il buys Warsaw mall for EUR 140m
PBW II Real Estate Fund has acquired the 40,000 m[sup]2[/sup] Wola Park shopping mall in Warsaw from Canada's Ivanhoe Cambridge for more than EUR 140 mln. The property includes 3,250 m[sup]2[/sup] office space and 4,100 parking spaces. After Galeria Pestka Shopping Centre in Poznan (Poland) and Smichov Gate (Prague), Wola ...
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PropertyEU Archive
Nordic Land floated on AIM
Nordic Land Limited, a Jersey incorporated company established to invest principally in retail property in the Nordic Region, on Friday launched its ordinary shares on the AIM segment of the London Stock Exchange under ticker symbol NLD.
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PropertyEU Archive
Akron buys ABC Tower in Cologne
Austrian real estate investment company Akron has acquired the ABC Tower at Cologne airport from an unnamed private investor for about EUR 70 mln, according to a press release. The deal marks Akron's biggest acquisition of an office building in Germany to date.
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PropertyEU Archive
LaSalle, Morley acquire Italian asset for Encore+ fund
All Investment management and UK-based pension fund Morley have acquired a logistics centre in Magenta near Milan. The deal marks the first acquisition of the Encore+ fund in Italy. The purchase price comes to approximately EUR 31.5 mln for the first building phase of the development.
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PropertyEU Archive
DTZ invests in Boston-based FHO Partners
DTZ has acquired a preferred interest in FHO Partners, a privately-owned commercial real estate brokerage firm based in Boston, Massachusetts. The deal will enable DTZ to expand and strengthen its real estate advisory services in the US.
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PropertyEU Archive
Quinlan Private acquires Atruim from Tishman Speyer
Irish investor Quinlan Private has acquired the 'Atrium' office building in Amsterdam from Tishman Speyer. Reliable sources claim the purchase price amounted to EUR 200 mln. The Atrium is located on the premier Central Business District of the Netherlands, called 'Zuidas', and has a floor surface of approximately 32,000 m². ...
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PropertyEU Archive
King & Spalding represents Pramerica in shariah-compliant refinancing
King & Spalding, a leading international law firm, announced on Friday that it represented a Luxembourg based Shariah-compliant fund advised by Pramerica Real Estate Investors in connection with the EUR 75 mln acquisition and Shariah-compliant refinancing of a Luxembourg real estate portfolio.
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PropertyEU Archive
IVG REIT set for spring 2008 launch
German property investor IVG Immobilien plans to hive off EUR 3.5 bn of its assets into a tax-friendly real estate investment trust (REIT) which would be launched on the Frankfurt stock exchange in the spring of 2008, newspaper Financial Times Deutschland reported on Thursday. 'If the bourse climate is unfavourable ...
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PropertyEU Archive
AFI to develop industrial park in Varna
Africa Israel Investments, the Israeli conglomerate controlled by billionaire Lev Leviev, has acquired land with office buildings, comprising 40,000 m2, of space, in the Bulgarian Black Sea port city of Varna for EUR 76 mln. AFI has the right to develop a 160,000 m[sup]2[/sup] industrial park on the land. Leviev's ...
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PropertyEU Archive
Inrev conferences in September 2007
Click here to read about two conferences being hosted by the European Association for Investors in Non-Listed Real Estate Vehicles (Inrev) in September 2007.
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PropertyEU Archive
Warner acquires London office asset for EUR 65m
Warner Estate has confirmed the purchase of Cable House in central London from a private vendor for £44 mln (EUR 65 mln), reflecting a net initial yield of 5.51%. Cable House, at 56-62 New Broad Street, provides 57,000 square feet (over 5,000 m[sup]2[/sup] ) of Grade A office space. The ...
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PropertyEU Archive
European retail investment hits EUR 6.6bn in Q2
Retail real estate in Continental Europe attracted total investments of EUR 6.6 bn from April to the end of June this year, compared to EUR 5.5 bn in the same period last year, according to figures released by global property adviser Jones Lang LaSalle.
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PropertyEU Archive
New Star in EUR 130m German office deal
UK fund manager New Star Asset Management has bought an office and administrative complex in Stuttgart, Germany, for EUR 130 mln from Sachwert Rendite-Fonds Deutschland, a closed-end fund launched by Hamburg-based MPC Munchmeyer Peterson Capital.
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PropertyEU Archive
Gecimed to build hospital in Le Havre
Gecimed, the French healthcare real estate company, is to develop a 34,000 m[sup]2[/sup] hospital on a 8-hectare plot acquired from Generale de Sante in the western French port city of Le Havre. The new complex, with a capacity for 356 beds, is scheduled for delivery at the end of 2009. ...
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PropertyEU Archive
Global hotel investment to climb to EUR 80bn
Investment in the global hotel market will climb to $110 bn (EUR 80 bn), a 52% increase on the EUR 53 bn spent on hotels last year, according to the annual Hotel Investor Sentiment Survey released by the hotel division of property adviser Jones Lang LaSalle. The report also indicates ...
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PropertyEU Archive
Lewis Charles Romania debuts on AIM
Lewis Charles Romania Property Fund commenced trading on the Alternative Investment Market of the London Stock Exchange on Thursday after a placing of 20 million shares raised about £25 mln (EUR 37 mln).
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PropertyEU Archive
Segro completes EUR 2bn disposal of US unit
Segro, formerly known as Slough Estates, has completed the divestment of its American division, Slough Estates USA, for $2.9 bn (EUR 2 bn). The sale of Slough Estates USA was the culmination of a strategic repositioning of the group which began in 2004. Segro is a specialised investor and developer ...
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PropertyEU Archive
Evans Randall spends EUR 845m in July
Privately-owned merchant bank Evans Randall, which acquired London's landmark Gherkin tower for EUR 950 mln in a 50-50 partnership with Germany's IVG last February, has spent almost as much in transactions in July. As part of the company's strategy to acquire trophy buildings in the key financial hubs in Europe, ...
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PropertyEU Archive
Savills acquires US real estate investment bank
Global property adviser Savills has acquired Granite Partners, a US real estate investment banking firm, for an initial consideration of $54 mln (EUR 40 mln). Seventy-five percent of this sum is payable on completion of the deal. The remainder is subject to a five-year earn-out, with the total payable for ...
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PropertyEU Archive
Land Sec lets 7,000 m[sup]2[/sup] to City of London law firm
UK real estate company Land Securities has exchanged contracts with law firm Speechly Bircham for the pre-letting of 77,000 square feet (7,000 m2) of office space at the New Street Square development on New Fetter Lane in central London.
