Latest reports – Page 3690
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PropertyEU Archive
Sale of two Norwegian portfolios in the offing
Norway's largest financial services group DNB NOR is to sell two portfolios worth EUR 600 mln in the country's largest-ever property deal, according to the latest edition of Europroperty. Both portfolios are expected to attract a great deal of interest from both local and international investors.
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PropertyEU Archive
Trigranit ceo calls Hungary Europe's 'weakest link'
Sandor Demjan, chairman of Budapest-based real estate developer Trigranit, said Hungary could be Europe's 'weakest link' within 15 years unless it devotes more European Union funds to development, Magyar Hirlap reported, citing a speech by Demjan.
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PropertyEU Archive
Irish house builder targets Poland
Derry-based property and house-building group Taggart Holdings has targeted Poland as a possible first move into central Europe, Property Week reported. The group is already involved in a commercial development in Luxembourg. It is now also active in the US market following the acquisition of a small development site at ...
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PropertyEU Archive
Report casts shadow over Spain's property sector
No less than 75% of Spain's real estate companies may be forced to close their doors in the coming years, according to a study by specialist consultancy RR. Acuña y Asociados. The warning comes amid growing signs that Spain's real estate sector is cooling down. In the first three months ...
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PropertyEU Archive
Invesco buys 4-star Nice hotel
The hotel and leisure arm of fund manager Invesco has acquired the four-star Sofitel hotel in Nice, France, from an unnamed buyer. No financial details were disclosed. The 152-room hotel has been rebranded and leased to Spanish hotel operator NH Hotels, said property broker Christie + Co, which acted as ...
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PropertyEU Archive
Tishman Speyer to sell off Paris office assets
US-based Tishman Speyer, the global real estate owner, developer and investor, has put its three central Paris office properties up for sale for a sum in excess of EUR 600 mln, Europroperty reported. The firm is reportedly selling the 32,050 m[sup]2[/sup] Paris Bourse building opposite the Paris Stock Exchange, and ...
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PropertyEU Archive
AMB distrubution property fund to invest in European hubs
AMB Property Corporation has created a euro-denominated open-end fund to invest in distribution facilities near major airports, seaports and motorways in Europe. The AMB Europe Fund I will also seek opportunities in the major metropolitan areas of Europe. The target markets cover large portions of the Continent - Belgium, France, ...
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PropertyEU Archive
Magnat invests EUR 40m in Bucharest project
Magnat Real Estate Opportunities intends to develop 400 apartments on a 7,000 m[sup]2[/sup] plot of land in the Vacaresti district of Bucharest. The site was purchased through a local company in which Magnat holds a 75% interest. The total investment volume for the project will be EUR 40 mln.
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PropertyEU Archive
Edinburgh's Commercial Quay complex to get £500,000 facelift
The Commercial Quay port-side complex in Leith, Edinburgh, is set for a £ 500,000 (EUR 750,000) facelift. The 85,000 sq ft (8,000 m2) development, owned by GE Real Estate and Edinburgh-based firm WXV will be upgraded tom provide air-conditioned, open-plan, grade A office space, the companies said.
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PropertyEU Archive
Investors eye Vector's targeted £2.6 bn hotel assets
Private property investors are keen to snap up the £2.6 bn (EUR 3.8 bn) in hotel assets targeted by UK REIT Vector Hospitality before the firm was forced to call off its planned IPO last week, reported The Times, citing Vector director Richard Balfour-Lynn.
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PropertyEU Archive
Dolphin Capital, Eco embark on capital increases
Athens-based Dolphin Capital Investors and Austria's Eco Business-Immobilien have both announced plans this week to raise capital through share issues to fund their expansion programmes.
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PropertyEU Archive
Banimmo targets EUR 55m in June IPO
Belgian property group Banimmo is looking to raise EUR 55 mln from its Brussels IPO on 29 June. The firm is issuing new shares and has set a bandwidth of EUR 20 to EUR 23. Banimmo specialises in the renovation and upgrading of existing office and retail premises ...
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PropertyEU Archive
Gecina in EUR 70m logistics deal
French property firm Gecina says it had committed to the development of a EUR 790 mln logistics park in Louailles, Western France. The project involves the building of four logistics platforms of between 30,000 and 45,000 m[sup]2[/sup]. The first completions are expected in 2009.
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PropertyEU Archive
Immoeast expands in Romania
Austrian property company Immoeast is continuing its expansion in the Romanian retail property sector having raised EUR 2.8 bn in a capital increase last month to finance a EUR 6 bn investment programme in Central and Eastern Europe. The company's latest investment was the acquisition of the Euromall shopping centre ...
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PropertyEU Archive
Fonciere des Regions buys EUR 570m GE stake in Technical
French property company Fonciere des Regions has acquired convertible bonds from GE Real estate representing a 32.5% stake in the EUR 1.6 bn Technical portfolio. The stake lifts Fonciere's office portfolio by EUR 570 mln, with a gross yield of 7.4%, the company said.
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PropertyEU Archive
Icade signals EUR 331m in acquisitions
The board of Icade, the French real estate investment trust (SIIC), has backed the proposed acquisition next month of 66% of the Tour Descartes in La Defense, Paris for EUR 256 mln. The 41-storey Tour Descartes provides 66,000 m[sup]2[/sup] of floor space. It was built in 1985 to accommodate the ...
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PropertyEU Archive
Grupo Tremon, Boetzelen postpone IPOs
Spanish property developer Grupo Tremon has postponed its planned June IPO until September, citing a 'crisis of confidence' in the Spanish property market. The company said it needed more time to explain its plans to investors.
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PropertyEU Archive
Dublin gives green light to city's first Ikea
The Irish planning authority has given the go ahead for the construction of Dublin's first Ikea megastore in the regeneration area of Ballymun. Ikea can begin construction, but will not be allowed to open the new store until the planned upgrade of the nearby M50 motorway is completed, the planning ...
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PropertyEU Archive
Orco prices placing at EUR 115 per share
Luxembourg-based Orco Property Group intends to raise EUR 150 mln from the private placing of 1.3 million shares with institutional investors at EUR 115 per share to help fund the expansion of portfolio in the central European real estate sector. The net proceeds are expected to come to EUR 142 ...
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PropertyEU Archive
Macquarie tipped to sell Rome airports stake
Trading in the shares of Gemina and Macquarie Airports was suspended on Thursday amid speculation that Australia's Macquarie had agreed to sell its 45% stake in Rome's two airports to Gemina, an Italian holding company, for EUR 1.2 bn. The Italian Stock Exchange suspended trading in Gemina's shares for two ...
