Latest reports – Page 3686
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PropertyEU Archive
Dolphin Capital becomes largest RE investor on AIM
Dolphin Capital has raised EUR 450 mln through the placing by Goldman Sachs International and Morgan Stanley of 178 million shares at 170 pence each on London Stock Exchange’s Alternative Investment Market (AIM). The British property company said it is now the largest real estate investment company on AIM.
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PropertyEU Archive
Segro buys into logistics in France
Slough Developments France, a subsidiary of real estate company Segro, has bought a 22,000 m[sup]2[/sup] industrial and logistics building from the Imprimerie Nationale group for an undisclosed amount. The property is located in Bondoufle, northern France. The complex, situated on a 9.5 hectare site, has building rights for an additional ...
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PropertyEU Archive
Union Investment buys Luxembourg offices for EUR 67m
German real estate investment company Union Investment Real Estate has acquired the Da Vinci office building near Luxembourg airport in a deal said to represent a total investment of over EUR 67 mln. The property, which Union Investment purchased from German-Swiss developer Somaco, will become part of its UniImmo: Europa ...
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PropertyEU Archive
Blackstone sells IBC tower in Frankfurt to SITQ
Private equity group Blackstone has sold the tower in Frankfurt housing the Investment Banking Center (IBC) to Canadian company SITQ Caisse de Dépots et Placements for an undisclosed sum. Montreal-based SITQ already purchased parts of the building in 2005.
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PropertyEU Archive
Morgan Stanley set to launch $30 bn real estate fund
Morgan Stanley Real Estate has raised a total of $ 8 bn (EUR 6 bn) in equity capital for its MSREF VI International fund among institutional and retail investors in North America, Europe, the Middle East and Asia. Just over 20% of the total equity raised has been invested.
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PropertyEU Archive
Construction starts on Multi's Les Arcades Rouge mall
Work started Thursday on the development of the Les Arcades Rougé shopping scheme in Cholet, in the heart of the Pays de la Loire region in the Northwest of France. Les Arcades Rougé is being developed by Multi Development France and was designed by architects T+T Design and A+ Architecture. ...
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PropertyEU Archive
EBay leases office space in Amsterdam
Online auctioneer EBay has hired 1,550 m[sup]2[/sup] of office space and 30 parking spaces in the former Renault building on the Wibautstraat in Amsterdam. The building is now full let. Other tenants include financial daily Het Financieele Dagblad and the paper’s subsidiary radio station BNR. US firm EBay owns ...
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PropertyEU Archive
Green light for revamp of Frankfurt old town
The municipal authorities in Frankfurt have approved plans for an overhaul of the city's main high street Zeil and a partial revamp of the old town. The cost of the Zeil renovation is put at EUR 11.8 mln, while that of revamping the old town will run to some ...
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PropertyEU Archive
Kenmore buys Sheffield office scheme for EUR 20m
Scottish property firm Kenmore has acquired a 62,000 sq ft (5,970 m2) office scheme in Sheffield from Priority Sites for EUR 19.9 mln. The property is being redeveloped and is due for completion in June.
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PropertyEU Archive
Segro to extend Polish warehouse complex
Segro, the UK real estate company formerly known as Slough Estates, has acquired a 24-hectare (97,120 m2) site for the extension of its Tulipan Park Stryków, a warehouse development near Lodz, Poland's second-largest city. The park now covers an area of 85 hectares (343,980 m2) and is expected to comprise ...
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PropertyEU Archive
Layden buys 30 Bank of Ireland branches for EUR 94m
Privately-held property firm Leyden Group paid EUR 94 mln for 29 Bank of Ireland branches and a call centre at an initial yield of 3.9%. The properties will be leased back to the Irish bank with 15-year breaks. The annual income from the deal is EUR 4.6 mln, with a ...
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PropertyEU Archive
Metro 'not likely to sell its real estate'
German retailer Metro is not likely to sell its real estate portfolio, according to analysts at investment bank Morgan Stanley. The bank added that the size of Metro's real estate assets has been inflated. Morgan Stanley values Metro's property assets at EUR 2.4 bn, well below the EUR 10 bn ...
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PropertyEU Archive
Hypo finances EUR 41 mln Cordea Savills deal
Hypo Real Estate Bank International said on Thursday it had completed the financing for property fund manager Cordea Savills' EUR 41 mln purchase of a retail park in Sweden. The bank said the funds were used to finance the purchase of the operating company that owns the Solbacken Retail Park ...
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PropertyEU Archive
Pirelli RE raises offer for Tecla, Berenice funds
Pirelli RE and Morgan Stanley have, through their vehicle Gamma Real Estate, upped their offer for the closed-end real estate funds Tecla and Berenice. Gamma RE has launched a new offer of some EUR 685 for each quota of the Berenice fund and EUR 678 for each quota of the ...
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PropertyEU Archive
Unibail, Rodamco merger now official
The way has been cleared for the merger of Rodamco Europe and Unibail after 80% of Rodamco Europe investors tendered their shares, the two property groups said in a joint statement on Thursday. The merger was conditional on Unibail tendering at least 60% of Rodamco's shares. Unibail's exchange offer ran ...
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PropertyEU Archive
Colonial hints at FCC stake sale
Spain's Inmobiliaria Colonial may sell its 15% stake in construction company Fomento de Construcciones y Contratas (FCC) to reduce debt amounting to EUR 8.1 bn, news website El Confidential reported. An undisclosed shareholder of the company said Colonial is considering the possibility to significantly cut down its debt. Colonial has ...
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PropertyEU Archive
Summit Germany raises EUR 150m
Summit Germany has raised a further EUR 150 mln through the issue of 120 million shares at EUR 1.25 per share, the real estate investment trust said on Thursday. The issue reflects a market capitalisation of EUR 345 mln. The offer was taken up by international investment institutions, most of ...
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PropertyEU Archive
ING RE announces first closing of its Italian Retail Fund
ING Real Estate has announced the first closing of its ING Real Estate Italian Retail Fund. The fund, an unlisted semi-open ended investment vehicle, has a target size of EUR 1 bn. At first closing the fund has already had commitments for nearly one-third of the target capital, and the ...
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PropertyEU Archive
McArthurGlen builds designer outlet near Munich
UK developer McArthurGlen is to build a factory outlet centre in Salzburg, Austria, an hour's drive from the German city of Munich. Together with the Vienna Insurance Group, McArthurGlen will convert a two-storey warehouse to accommodate the new complex, which will have a lettable area of 28,000 m[sup]2[/sup] providing room ...
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PropertyEU Archive
Beni Stabili completes acquisition of FIP for EUR 181m
Italian property company Beni Stabili has completed the acquisition of the Fondo Immobili Pubblici No. 1 portfolio for a total of EUR 181 mln. The company first announced the deal at the beginning of May. The portfolio, which was put on the market last March, received about 40 bids from ...
