Latest reports – Page 3695
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PropertyEU Archive
GE RE makes acquisitions in Spain and Sweden
GE Real Estate Iberia has acquired a logistics warehouse development from Mafort, a Valencian property company, in the Masiá Balo de Ribarroja industrial park, only 15 km from the centre of Valencia. The transaction value is EUR 44 mln. The project comprises a 44,000 m[sup]2[/sup] logistics warehouse that is scheduled ...
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PropertyEU Archive
Dawnay Day Sirius completes EUR 206m buy
Dawnay Day Sirius (DDS), a real estate company established by Dawnay Day and Sirius Facilities to focus on German commercial real estate, has completed the acquisition of 20 properties with 390,000 m[sup]2[/sup] of combined lettable space. The properties, representing the company's initial portfolio, have been independently valued by property advisor ...
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PropertyEU Archive
Citycon buys into retail properties in northern Sweden
Finnish commerical property company Citycon hass completed the acquisition of a 75% stake in the Swedish real estate company Balticgruppen Handel for SEK 490 mln (EUR 53 mln). Balticgruppen Handel owns a shopping centre in Strömpilenand and a retail property in Umeå, northern Sweden. Both assets feature extensive expansion and ...
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PropertyEU Archive
CGG steps up Milan presence
Commerz Grundbesitz Group (CGG) has invested EUR 60 mln in an office building located in the north of Milan. The property is earmarked for the Group's open-end property retail fund, hausInvest europa. Built in 1989, the premise comprises a lettable floor space of 23,000 m2, as well as 341 parking ...
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PropertyEU Archive
'Hamburg is transforming into lively metropolis'
A new spirit of cooperation between politicians and the business community is helping transform the city of Hamburg into a lively new metropolis, according to Alexander Otto, ceo of Hamburg-based project developer ECE. 'There was a lot of mistrust in the past, but a lot has happened in recent years ...
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PropertyEU Archive
KarstadtQuelle poised to sell Highstreet stake
KarstadtQuelle is planning to raise some EUR 1 bn from the sale of its stake in the real estate company Highstreet. The sale will be completed by the end of September, German newspaper Immobilien Zeitung reported. Highstreet is a joint venture between real estate investment fund Whitehall (51% stake) and ...
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PropertyEU Archive
Epra names new ceo
The European Public Real Estate Association (Epra) has appointed Philip Charls (58), as its new chief executive officer, with effect from 1 October 2007. Charls, currently general manager of the Dutch Chamber of Commerce for Belgium and Luxembourg, will succeed Nick van Ommen (60) who has led Epra as ceo ...
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PropertyEU Archive
Fonciere des Murs snaps up 102 Quick restaurants
French property group Fonciere des Murs is acquiring 102 properties in France from Belgian fast-food chain Quick for a total of EUR 316 mln. The transaction is a sale-and-lease back agreement under which Quick will rent the assets back for a minimum of 12 years, renewable three times for a ...
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PropertyEU Archive
German students win ULI European design competition
A team of students from IREBS University Regensburg and Hafencity University in Hamburg have won the first European Student Design Competition organised by the Urban Land Institute. The award-winning concept for a new development at Hamburg's waterfront was announced on Wednesday at the ULI Trends Conference in Hamburg.
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PropertyEU Archive
European property returns hit 6-year high
The huge inflow of investment into European commercial real estate and rising prices for offices and malls helped push returns for the sector last year in euro terms to 14%, up from 13% in 2005. This is the highest level since 2001, the London-based Investment Property Databank (IPD) said.
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PropertyEU Archive
Orco launches capital increase
Orco Property Group is planning to place up to 1.3 million new shares with institutional investors to finance expansion in Central and Eastern Europe. The price of the share issue will be announced on 14 June 2007. Citigroup Global Markets is acting as sole global co-ordinator, sole bookrunner and ...
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PropertyEU Archive
Hilton Hotels launches new venture in Russia, UK and America
Hilton Hotels Corporation (HHC) is teaming up with three major developers to introduce more than 15 new hotels in the Caribbean and Central America, 25 hotels in Russia and at least 15 hotels in the UK by 2012. HHC has agreed to work with Caribbean Property Group for development within ...
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PropertyEU Archive
Proudreed spends EUR 83m across France
Proudreed has acquired 22 commercial properties across France for a total of EUR 83 mln. The transaction represents a yield of 8.09%, French newspaper Business Immo reported. Jean-Pierre Raynal, president of Proudreed France, said that the yield may come to 9.71% after reduction of the current vacancies in two ...
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PropertyEU Archive
Standard Life makes first acquisitions in Sweden
Standard Life Investments has made its first acquisitions in Sweden on behalf of its European Property Growth Fund (EPGF) for EUR 35 mln. The first transaction involved a terrace of four retail warehouse units in the north of Stockholm. The buildings provide a total of just over 4,000 m[sup]2[/sup] of ...
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PropertyEU Archive
HDG to list Shariah property fund in Dubai and London
HDG Mansur, an investment company with EUR 1.7 bn of property assets, is to sell shares in its Shariah-compliant Al-Umran Global Property Fund (AGPF) on the Dubai International Financial Exchange. The fund will also trade though global depositary receipts on the London Stock Exchange. HDG expects the listing to raise ...
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PropertyEU Archive
Oregan snaps up Victoria office complex
Irish company Oregan Financial is paying some £70 mln (EUR 103 mln) fo the office block at 10-18 Victoria Street in London's West End. The transaction value reflects an initial yield of 4.2%. The 7,350 m[sup]2[/sup] property is fully let to the British secretary of state for a further 19 ...
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PropertyEU Archive
XXI Century to build 13 hotels
XXI Century Investments has signed an agreement with France's Accor Group for the construction of 13 hotels in Ukraine. The two partners will complete four five-star hotels in Kiev by 2010 along with nine three-star hotels in other Ukrainian cities.
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PropertyEU Archive
The first pan-European salary & benefits survey
Following the success of previous surveys undertaken in the UK and Asia, RICS and Macdonald & Company have launched the first annual salary and benefits survey in continental Europe.
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PropertyEU Archive
Natixis to sell EUR 220m HQ in Paris
Natixis has announced it is selling its headquarters to an unnamed private investor for an estimated EUR 220 mln. The company added that the deed of the sale is due to be signed in September 2007. The properties are located at 45,51 and 24 Rue Saint Dominique and 18 Rue ...
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PropertyEU Archive
Realia raises EUR 783m in IPO
Spain's Realia has raised EUR 783 mln in an initial public offering that missed the company's goal of EUR 7.9 to EUR 9.7 per share because of the slowing property market in the country. Realia, the first Spanish developer to seek a listing this year, sold its shares at a ...
