Latest reports – Page 3675
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PropertyEU Archive
EIB buys stake in Bulgaria's EUR 566m project
Equest Investments Balkans (EIB), an investment company focusing on Southeast Europe, said it has acquired a 33.5% indirect stake in Rila Samokov, owner and developer of a large-scale development project in the Borovets mountain resort area in Bulgaria. The transaction price comes to EUR 30 mln, the company said.
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PropertyEU Archive
Bouygues sells its future head office for EUR 155m
France's Bouygues Immobilier has sold two office developments in the new Seine Ouest business district in Issy-les-Moulineaux on the outskirts of Paris to property investment company SCI Naropa Properties, a wholly-owned subsidiary of Spain's Naropa Properties group. The transaction price comes to EUR 155 mln. The development includes Bouygues Immobilier's ...
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PropertyEU Archive
Hahn Group begins marketing new retail fund
German retail property group Hahn announced on Tuesday that it has started marketing activities for its new 'Pluswert fund 143'. The fund invests in a portfolio consisting of four hypermarkets and a retail warehouse centre in five German cities. Pluswert fund 143 holds EUR 29 mln in equity, has a ...
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PropertyEU Archive
Aberdeen's AIPP completes EUR 624m investment programme
Aberdeen Property Investors has made its fifteenth and final investment for Aberdeen Indirect Property Partners (AIPP), Europe's largest pan-European pooled property fund of funds. The fund, which was the first of its kind in Europe backed by a group of pan-European institutional investors, was launched in February 2005 and has ...
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PropertyEU Archive
Todd Mansfield appointed new chair of ULI
Todd Mansfield, chairman and ceo of the US development firm Crosland, has been appointed the new chairman of the Urban Land Institute (ULI). Crosland, headquartered in Charlotte, in the US state of North Carolina, is one of the leading real estate development companies in the southeast of America. As ULI ...
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PropertyEU Archive
Immoeast set to launch EUR 6 bn investment programme
Immoeast, one of the largest listed property companies in Austria, is launching a new investment programme with a volume of EUR 6 bn for the year 2007-2008. 'We'll maintain our pace of growth and even increase it a little,' ceo Karl Petrikovics said. After completing the EUR 5 bn investment ...
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PropertyEU Archive
PSP Swiss Property sells 3rd party unit to Bilfinger Berger
Swiss office and commercial real estate investor PSP Swiss Property has sold the property management unit it has handled for third parties to German construction and services company Bilfinger Berger. Neither PSP nor Bilfinger Berger would reveal the value of the transaction, but the business is to be operated under ...
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PropertyEU Archive
Inrev recruits 250th member in EUR 400bn non-listed industry
Membership of the European Association for Investors in Non-listed Real Estate Vehicles (Inrev) has reached 250 just four years after the organisation was founded.
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PropertyEU Archive
'Walkie Talkie' gets go-ahead
UK real estate giant Land Securities has received planning approval from the secretary of state Hazel Blears for its 155-metre tower and adjoining buildings at 20 Fenchurch Street in the City of London. This 39-storey building, christened 'Walkie Talkie' because of its concave shape, entered the spotlight last March when ...
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PropertyEU Archive
CA Immo aquires Viennese portfolio worth EUR 141m
Austrian commercial real estate investor CA Immo has acquired a portfolio of 16 properties and seven apartment ownership shares in Vienna with an effective area of around 60,000 m[sup]2[/sup]. About 15,000 m[sup]2[/sup] of this has been completed, with the remainder under construction or at the project planning stage. The company ...
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PropertyEU Archive
DTZ acquire Donaldsons in EUR 72m deal
Real estate advisor DTZ has confirmed the acquisition of UK-based property consultancy Donaldsons. DTZ said that the transaction involves an initial consideration of £39.8 mln, plus a deferred consideration of up to £8.8 mln - totalling £48.6 mln (almost EUR 72 mln). The deal had been variously reported to be ...
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PropertyEU Archive
Hammerson buys into French retail parks for EUR 50m
Hammerson has agreed to acquire two retail park developments in France, representing a total investment of about EUR 50 mln. The company said it has exchanged contracts to acquire the freehold of a proposed development, St Omer Retail Park, for EUR 30 mln. The project will be developed by the ...
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PropertyEU Archive
BRC criticises new UK legislation on vacany tax
The British Retail Consortium (BRC) has called the UK government's consultation on its proposed tax reform bill a 'sham.' It said that 'Gordon Brown is desperately trying to portray his government as business friendly', but at the same time it 'continues to ignore representations from a range of business groups ...
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PropertyEU Archive
Dusseldorf real estate deals rise by 150% in H1 2007
Transaction levels in the Dusseldorf real estate market reached a new record of EUR 908 mln during the first half of 2007, from EUR 367 mln a year earlier. This figure represents a 147% increase year-on-year, a new research report issued by property consulting company Colliers Trombello Kolbel shows.
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PropertyEU Archive
Raven Russia to develop EUR 82m logistics park in Moscow
Guernsey-based property investment company Raven Russia has said it has agreed to develop a 109,000 m[sup]2[/sup] logistics and distribution complex south of Moscow in a 50-50 joint venture with Russian construction group Stroitelnaya Kompaniya Felix (SKF). The scheme is to be built on a 17.9 hectare site 21km south of ...
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News
Hilton delisting likely after Blackstone acquisition
GLOBAL - Hilton Hotels could de-list early next year after Blackstone last week agreed to acquire the hospitality group for $26bn (€19bn).
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News
UK investors sell in dwindling market
UK - Rising interest rates will significantly slow leveraged investment in UK real estate at least until 2008, according to a report published by Jones Lang LaSalle (JLL). Despite investment in the first half of 2007 above €27bn – matc...
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News
Asian property ‘world’s strongest performer’
ASIA - A softer-than-expected landing and supply limitations will continue to boost real estate rental growth across Asia, according to a report published by RREEF. Deutsche Bank’s real estate subsidiary said expansion of the financial serv...
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News
Glasgow fund monitors underperforming managers
UK - The £9.73bn (€14.4bn) Strathclyde Pension Fund has put Edinburgh-based Baillie Gifford and Isle of Man’s Capital International under watch because of underperformance. Baillie Gifford manages £1.57bn or 16.1% of the t...
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News
Stockbridge brings in executives to take on RREEF
UNITED STATES - Several former executives RREEF North America are hooking up with Stockbridge Capital Group in September in a bid to build an operation rivaling their former employer. Steve Steppe, former chairman of RREEF’s North America op...
