Latest reports – Page 3662
-
PropertyEU Archive
European real estate equities continue to slide
The FTSE EPRA/NAREIT Global Real Estate Index had another poor month in July. The index fell 6.2%, while the global equity markets were down 2.8% and the bob market added 1.4%.
-
PropertyEU Archive
Degi acquires three Romanian office assets for EUR 110m
Degi, the real estate investment arm of German insurer Allianz, has entered into a conditional agreement to acquire three office properties in Bucharest from AIM-listed European Convergence Property Company (ECPC) for about EUR 110 mln. The final price, after transaction costs, will be decided after a post-closing audit.
-
PropertyEU Archive
AMB completes 171,000 m[sup]2[/sup] logistic portfolio in Hamburg
AMB Property Corporation has acquired a 44,000 m[sup]2[/sup] logistics complex at Hamburg port for its recently formed AMB Europe Fund 1. Since entering the market the fourth quarter of 2005, AMB has assembled one of the largest portfolios in Europe's second largest sea port, with more than 171,000 m[sup]2[/sup] owned ...
-
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.
-
PropertyEU Archive
Sparkassen divests stakes in Vienna department stores
Austrian-listed property company Sparkassen Immobilien has divested its 75% stake in Vienna department store Steffl to Hans Schmid Private Trust, the owner of the other 25%. Both sides agreed not to disclose the financial details. Steffl provides 12,500 m[sup]2[/sup] of retail space, plus a further 1,400 m[sup]2[/sup] of restaurants and ...
-
PropertyEU Archive
Development Secs sells London property for EUR 102m
Development Securities, the London-listed development and investment company, has sold the long leasehold interest in the 23,000 m[sup]2[/sup] Building 1000 at the company's Royals Business Park to the London Borough of Newham for £75 mln (EUR 102 mln). Newham's back office staff will occupy 14,000 m[sup]2[/sup] of the building. The ...
-
PropertyEU Archive
Eurobank spends EUR 22m in Belgrade
Greek real estate investment company Eurobank Properties has acquired Reco Real Property, a Serbian company that owns a prime mixed-use office and retail building in the centre of Belgrade. The acquisition price for the shares of Reco was agreed at EUR 22. 63 mln on a liability-free basis. Eurobank will ...
-
PropertyEU Archive
Inland announces trading update
UK developer Inland, which specialises in buying brownfield sites and enhancing their value by obtaining planning permission, announced a trading update this week ahead of its preliminary results for the year ended 30 June, which will be announced on 1 October. The company said that it was continuing to make ...
-
PropertyEU Archive
Gecimed checks into French care homes
Healthcare property specialist Gecimed has moved into the elderly care home sector with the purchase of a portfolio of three facilities from Medica France. One of the homes is close to Paris, while the other two are in the southwest of France. Together, the properties comprise 280 beds in a ...
-
PropertyEU Archive
Kenmore buys two UK properties for EUR 104m
UK-based commercial property investor and developer Kenmore has announced the sale of two UK properties for £70 mln (EUR 104 mln). The first is Maersk House, an 8,300 m[sup]2[/sup] office building in the City of London, which Kenmore have sold to private Irish investors for £56 mln (EUR 83 mln). ...
-
PropertyEU Archive
Office sector outperforms all-property returns in Q2
Offices continue to be the best performing property sector, having recorded returns of 3.3% in the second quarter of 2007, followed by the retail sector with 1.5%. All-property returns for Q2 remain in line with the previous quarter at 2.1% - only marginally below the 2.3% recorded in the first ...
-
PropertyEU Archive
Immofinanz proposes first dividend payout
Announcing strong results for its 2006/07 trading year, the board of property company Immofinanz is to propose a payout of EUR 150 mln to its shareholders in their first ever dividend. Immofinanz chairman Karl Petrikovics said that the company was following an international trend in responding to the demands and ...
-
PropertyEU Archive
Standard Life sells Scottish shopping centre for EUR 97m
Standard Life Investments has sold the Regent Centre in Hamilton, Lanarkshire, Scotland to an unnamed Northern Irish investor for £65.55 mln (EUR 97 mln). Based on the initial annual income generated by the centre of around EUR 5.9 mln, the transaction reflects a yield of 5.72%.
-
PropertyEU Archive
IVG spends EUR 209m on German offices
IVG Immobilien has acquired a portfolio of 11 office buildings in Germany from Hamburg-based real estate company Robert Vogel for EUR 209 mln. Ten of the buildings are in Hamburg and one is in Munich.
-
PropertyEU Archive
Invista's assets grow to EUR 15 bn in first half
In its unaudited interim results for the six months ended 30 June, Invista Real Estate Investment Management announced that its assets under management had increased by nearly 11% since the end of last year, to £10.2 bn (EUR 15 bn). Over 70% of this growth was attributable to net funds ...
-
PropertyEU Archive
Delek, Ahouvi acquire largest ever Swiss portfolio
Delek Global Real Estate (DGRE) and Israeli investor Igal Ahouvi have acquired a CHF 3.4 bn (EUR 2 bn) portfolio of 88 investment properties in the largest property portfolio sale in Switzerland. AIM-listed DGRE bought the assets together with Delek's Israeli parent Delek Belron International and a subsidiary of the ...
-
News
ABP discloses budget hotels move after prime acquisition
NETHERLANDS - Dutch pension fund ABP has expanded its base in European hospitality sector with the acquisition of three high-end Belgian hotels.
-
News
IVG sees Parisian charm in €323m deals
GERMANY – IVG Immoblien, Germany’s largest quoted real estate firm, has completed €323m worth of transactions in Paris which included selling an office building on the city’s “Rive Gauche” for €165m and buying two others for €158m.
-
News
Canada pension plan in UK shopping spree
UK - A 50—50 joint venture involving the Canada Pension Plan Investment Board and fund manager Henderson Global Investors has acquired the UK’s Whitefriars Quarter shopping centre for £253m (€375m).
-
News
Texas Teachers consider making money from casinos
UNITED STATES – The Teacher Retirement System of Texas is thinking of investing $550m (€398.1m) into real estate – a move which could include putting money into casinos.
