Latest reports – Page 3664
-
PropertyEU Archive
Signature Capital acquires Hamburg offices for EUR 60m
Dublin-based property investment firm Signature Capital has acquired the Raffay Smart City building in Hamburg for EUR 60 mln. Tenants of the modern office property include Peugeot, Smart and UCI Multiplex. The building has a total lettable area of 25,755 m[sup]2[/sup] over three floors, and existing leases have an average ...
-
PropertyEU Archive
IRE seeks additional funds to grow portfolio
AIM-listed property investor and developer International Real Estate (IRE) revealed at its AGM that the acquisition of a number of new sites has increased the company's portfolio of residential and mixed-use properties in Germany to around 282,000 m[sup]2[/sup]. IRE Chairman Rolf Nordstrom told shareholders on Friday that so far ...
-
PropertyEU Archive
Plaza sells stake in EUR 78 mln Lublin Plaza to Klepierre
Property developer Plaza Centers confirmed this week that it has completed the sale of its 50% stake in the Lublin Plaza Shopping and Entertainment centre in Poland to French property group Klépierre. Plaza has been solely responsible for the active management of the Lublin Plaza project, which opened fully let ...
-
PropertyEU Archive
GTC takes 75% stake in Bulgarian shopping mall
Developer Globe Trade Centre (GTC) has acquired 75% of the shares in the company building a shopping mall in the city of Stara Zagora, Bulgaria. The development is GTC's second investment of this type in Bulgaria, and is being carried out with the participation of a local partner holding the ...
-
PropertyEU Archive
Patrizia acquires 7 commercial properties in Germany
Patrizia, the Augsburg-based listed property company, has purchased seven commercial assets in Germany for almost EUR 50 mln on behalf of Patroffice - a news joint co-investment vehicle between Patrizia, Dutch pension fund ABP and Denmark's ATP Real Estate.
-
PropertyEU Archive
Liberty posts profit growth but sees capital growth slow down
UK retail REIT Liberty International reported first-half pre-tax profit of £ 67 mln (EUR 100 mln), up 16% on the year-earlier period. The company added that the period also saw a slowdown in capital growth. Capital growth in the company’s UK regional shopping centre portfolio slowed from 1.9% in the ...
-
PropertyEU Archive
Gecina buys logistics and industrial assets near Paris
French property company Gecina said it is acquiring three logistics and industrial assets in the Paris region with a combined surface area of 20,814 m[sup]2[/sup]. The acquisition price was not disclosed. Gecina said the portfolio is fully leased to leading companies under long-term contracts and all assets are within ...
-
PropertyEU Archive
ProLogis to launch $5bn European private equity fund
Industrial property developer ProLogis said it plans to launch a $5bn (EUR 3.7 bn) European private equity fund. The fund, which will be launched before the end of the year, will seek to raise equity against a $5 bn portfolio of properties owned or under development by ProLogis’s European arm, ...
-
PropertyEU Archive
Goldman outbids Merrill Lynch for Italian fund Berenice
US investment bank Goldman Sachs has outbid rival Merrill Lynch in the latest twist in a bidding war for Italian real estate fund Berenice. Through its Zwinger fund vehicle, Goldman said in a filing with the Italian stock exchange Thursday it has offered EUR 913 for each unit of ...
-
PropertyEU Archive
Morgan Stanley buys Hamburg portfolio for EUR 750m
US investment bank Morgan Stanley has acquired a portfolio of assets in the northern German city of Hamburg from developer Quantum, according to a report in Immobilien Zeitung. The portfolio comprises 11 objects including new developments with a total surface area of 215,000 m[sup]2[/sup].
-
PropertyEU Archive
Rodamco Europe EGM appoints board members
Dutch property firm Rodamco Europe said its EGM on Thursday approved the appointment of new executive and non-executive board members, following the successful completion of the Unibail’s public offer for Rodamco shares. Unibail-Rodamco announced on 11 July it had acquired 95.74% of Rodamco Europe’s shares.
-
PropertyEU Archive
Klepierre confirms FY double-digit growth
French property group Klepierre said cash flow from operations jumped 15.7% to EUR 257.1 mln in the first six months of 2007, equivalent to a 15.3% rise compared with the year-earlier period. The company also confirmed its forecast of double-digit growth in full-year cash flow from operations.
-
PropertyEU Archive
Commercial Estates get go-ahead for 300m Leeds village
UK property developer Commercial Estates Group (CEG) has been given the go-ahead for the development of a £ 300 mln (EUR 447 mln) village on a brown field site on the outskirts of Leeds. Outline planning permission was given on Thursday for the redevelopment of the 56-acre (227,000 m2) site, ...
-
PropertyEU Archive
Host Hotels European joint venture buys 3 Brussels properties
US company Host Hotels & Resorts said its European joint venture with Dutch civil service pension fund ABP and an affiliate of the government of Singapore’s real estate investment company GIC Real Estate have purchased three properties in Brussels.
-
PropertyEU Archive
Norwegian Property forecasts record Q2 pre-tax net
Norwegian Property said it expects to report pre-tax profit for the second quarter of NOK 1.142 bn (EUR 142.2 mln), compared with NOK 345 mln in the in the first quarter. The company said the lift in profit was due to a positive result from operations, strong rental growth ...
-
PropertyEU Archive
Ablon finalises EUR 50m Hungarian Post deal
Hungarian property firm Ablon Group said Hungarian Post on Thursday signed a 10-year lease contract with its unit Global Immo for around 24,000 m[sup]2[/sup] of office space with a total gross rental income of around EUR 5 mln a year. Ablon announced on June 16 that it had won ...
-
PropertyEU Archive
Henderson Global Investors launches Italian retail fund
Henderson Global Investors’ Italian fund management arm said it is launching its first fund following authorisation from the Bank of Italy. The closed-end fund for institutional investors, Fondo Azzurro, will target retail property investments and will invest in both existing properties and development schemes. Henderson Global Investors SGR ...
-
PropertyEU Archive
Colonia Real Estate buys back shares
Listed German investment company Colonia Real Estate announced last week it is to buy back up to 1,099,280 shares by the end of November, equivalent to 5% of its share capital. The shares will be used to finance future property acquisitions, the company said.
-
PropertyEU Archive
Casino property unit Mercialys H1 operating income up 26.5% on strong sales growth
Mercialys, the property unit of French food retailer Groupe Casino, said first-half operating income rose 26.5% from the year-earlier period to EUR 35.1 mln, driven by strong sales growth, as rental revenues increased 22.2% to EUR 48.4 mln. The company said the value of its portfolio had risen 20% ...
-
PropertyEU Archive
Deka buys Polish shopping centre for EUR 128m
German property investor Deka Immobilien said it had acquired the Forum Shopping Centre in Gliwice, Poland, for around EUR 128 mln. Deka said it bought the property from the Irish property group Quinlan Private and Norwegian conglomerate Borgestad Group. Deka said the Forum shopping centre is its sixth investment ...
