Latest reports – Page 3665
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PropertyEU Archive
IVG in Paris deals worth EUR 323m
IVG Immobilien has sold one property and acquired two others in Paris in transactions worth a total EUR 323 mln, the German property company said on Thursday. The property that was sold is located in the Rive Gauche district of the French capital and fetched a price of EUR 165 ...
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PropertyEU Archive
Fonciere logistics unit buys 830,000 m[sup]2[/sup] in logistics assets for EUR590m
Fonciere des Regions subsidiary Fonciere Europe Logistique said it has agreed to acquire 830,000 m[sup]2[/sup] of logistics assets in two separate transactions for a combined EUR 590 mln. The company said the acquisitions would expand its asset base in France, mark its entry into the wider European market, strengthen ...
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PropertyEU Archive
Henderson, Canada Pension Plan buy Whitefriars shopping centre for EUR377m
Asset management firm Henderson Global Investors and investment manager Canada Pension Plan Investment Board (CPP), have agreed to acquire the Whitefriars Quarter shopping centre in Canterbury, Kent, from UK investment trust Land Securities for £ 253 mln (EUR 377 mln).
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PropertyEU Archive
Numisma buys German retal assets for EUR 450m
Numisma, a joint venture between the Guernsey based Pervaiz Naviede Family Trust (PNFT) and the Stenham Group, has taken over the entire retail assets of Germany's Distributa group for a sum of over EUR 450 mln. Numisma was advised by its asset manager McCafferty Asset Management.
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PropertyEU Archive
JLL reports record Q2 net profit of US$77.9m
Property consultancy Jones Lang LaSalle reported record second-quarter net profit of US$ 77.9 mln (EUR 56.8 mln), or diluted earnings per share of US$2.32, compared with net profit of $65.7 mln, or $1.94 per share, in the year-earlier period. Second-quarter revenues came in at $676 mln, up 33% ...
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PropertyEU Archive
Commerz Grundbesitz buys Japanese shopping mall
German property group Commerz Grundbesitz said it has acquired a fully-let shopping centre in Fukuoka, Japan, for its hausInvest global fund from Credit Suisse Asset Management for around EUR 55 mln. The Hakata shopping centre has a gross lettable area of about 9,700 m[sup]2[/sup]. The city of Fukuoka has ...
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PropertyEU Archive
Astroc confirms Agrupacio ‘merger’ talks
Spanish property firm Astroc Mediterraneo confirmed it is in talks with rival Agrupacion Activdades y Inversiones Inmobiliares (AISA). Astroc said it was in talks with Aisa over a possible ‘corporate move’, partly confirming earlier reports in Spanish newspaper El Pais and news agency Reuters that the two companies were in ...
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PropertyEU Archive
Italy adds 198 barracks worth EUR1.1b to disposable property portfolio
The Agenzia del Demanio, Italy’s public property agency, and the country’s Defence Ministry have signed a decree authorising the transfer of 198 former barracks to the state’s disposable real estate portfolio. The properties have been valued at EUR 1.1 bn.
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PropertyEU Archive
Land Securities in top-20 sustainable business list
UK property REIT Land Securities is the only British company to be named in the 2007 Sustainable Business List drawn up by SustainableBusiness.com. Now in its sixth year, the global list consists of 20 public companies that are having a substantial impact on the creation of an environmentally sustainable society.
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PropertyEU Archive
Bauwert invests EUR 240m in Opel site
Berlin-based Bauwert Property Group is buying the Opel automotive plant in Russelsheim and plans to invest around EUR 240 mln in the site over the next four years, Immobilien Zeitung reported on Wedesday. Bauwert plans to build a shopping centre, homes, offices, leisure facilities and a business hotel on the ...
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PropertyEU Archive
SNS Bank tenders 11 offices in the Netherlands
Dutch retail bank SNS Bank said on Wednesday it is putting 11 office buildings it owns in the Netherlands up for sale in August. The properties will be sold by tender and are located throughout the country in Ablasserdam, Arnhem, Ede, Groningen, Hilversum, IJsselmuiden, Nijmegen, Oosterbeek, Venlo, Zeewolde and Zuidlaren.
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PropertyEU Archive
Gecina net income advances 17% in first half
French property company Gecina said net income after value adjustments rose 80.8% to nearly EUR 1.2 bn in the first six months of 2007 compared with the year-earlier period. Excluding value adjustments, net income was 16.6% higher at EUR 180.3 mln.
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PropertyEU Archive
Plaza Centers buys fourth retail development in Romania
Emerging markets developer Plaza Centers has acquired a major retail development project in Iasi, Romania, the company's fourth in the country since starting operations there in November 2006. The acquisition price was not disclosed, but Plaza Centers said the expected development budget for the project is EUR 115 mln.
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PropertyEU Archive
First Industrial enters the Netherlands and Belgium
First Industrial Realty Trust, a provider of industrial real estate supply chain solutions, announced on Wednesday it is expanding into the Netherlands and Belgium. The Chicago-based company has hired a new managing director, Jan Scheers, to lead the expansion into these markets.
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PropertyEU Archive
Jove buys 4.9% stake in Spanish bank BBVA
Manuel Jove, the founder and former owner of Spanish property group Fadesa Immobiliare, has acquired a 4.9% stake in Spanish lender Banco Bilbao Vizcaya Argentaria (BBVA) for an investment of EUR 3.2 bn. The acquisition makes Jove the largest single shareholder in BBVA, Spain's seoond-largest bank.
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PropertyEU Archive
HSH Nordbank finances Dusseldorf 'Sky Office'
HSH Nordbank, the Hamburg-based lender to the transport and real estate sectors, is to finance the EUR 100 mln office development known as Sky Office in Dusseldorf. The project is being developed by Viterra Development, a subsidiary of Orco Germany, and is due for completion in September 2009.
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PropertyEU Archive
Epad launches tender for Tour Signal in Paris
Epad, the body which manages the development of La Defense business district in Paris, has launched an international tender for a new high-rise building in the area to be known as Tour Signal. Epad said the high-rise building would comprise at least 80,000 m[sup]2[/sup] and be a symbol of ...
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PropertyEU Archive
Premiumred sells office building in Prague
Premiumred Real Estate Development, the property development arm of Austria's Investkredit Bank, is selling the Smichov Gate office building in Prague to PBW II Real Estate Fund for EUR 44 mln. PBW II Real Estate Fund is an IXIS AEW Luxembourg fund dedicated to Central Europe.
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PropertyEU Archive
Toni Immobilien spins off office assets for EUR 60m
Munich-based private property investor Toni Immobilien Dr Krafft KG said it has sold three office buildings and five DIY markets in Eschborn, Hamburg and Leipzig to the Deutsche River Group for close to EUR 60 mln.
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PropertyEU Archive
Deutsche Euroshop share split set for 6 August
German shopping centre investor Deutsche Euroshop said on Tuesday it will carry out a 2-for-1 share split on 6 August 2007. The resolution for the split was approved by shareholders at the annual general meeting on 21 June.
