Latest reports – Page 3700
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PropertyEU Archive
Istithmar completes West End purchase
Istithmar PJSC, the investment house based in the United Arab Emirates, has completed the purchase of Marcol House, London, W1 and has re-branded the property as Cavendish Gate. The £64 mln (EUR 95 mln) transaction was originally announced in January. Debt funding for the acquisition was provided by German real ...
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PropertyEU Archive
Mirland forms jv for Moscow residential developments
Mirland Development Corporation has announced it is forming a joint venture with a local Russian company to develop up to three real estate projects in Moscow. On completion the developments will comprise over 200,000 m[sup]2[/sup] of mainly residential real estate.
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PropertyEU Archive
Fonciere Massena clinches EUR 460m office-resi deal
Fonciere Massena has agreed to buy a portfolio of 60 buildings for EUR 460 mln in a move that will increase the French property company's holdings five-fold. In a statement on Friday, Fonciere Massena said it will issue almost 37 million shares at EUR 12.50 each to fund the acquisition ...
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PropertyEU Archive
Orco give hospitality portfolio spa makeover
Orco Property Group has announced that its first Sensori spa will open in early June at the Adriana Hotel on Hvar Island, Croatia. The Sensori spa brand is being introduced to diversify Orco's MaMaison hospitality portfolio. In 2005, Orco invested EUR 50 mln in the Suncani Hvar hotels group, owner ...
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PropertyEU Archive
Builder raises EUR 262m in Warsaw's largest IPO this year
Poland's largest residential building company J.W. Construction raised 777 million zloty (EUR 262 mln) in the largest IPO on the stock exchange in Warsaw this year. The company priced almost 11 million new and existing shares at 71 zloty each. J.W. Construction, based in a suburb of the Polish capital, ...
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PropertyEU Archive
ECE invests EUR 150m in new Russian shopping gallery
ECE Projektmanagement is to build a shopping gallery with more than 60,000 m[sup]2[/sup] of leasable area in the Russian city of Yaroslavl, 250 kilometres north-east of Moscow. The project was announced on Friday at a joint press conference with Yaroslavl's mayor, Viktor Volonchunas, a day before celebration of the city ...
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PropertyEU Archive
Premira spends EUR 528m on conference centres
Europe's largest private equity firm Premira has acquired Hayley Conference Centres for £358 mln (EUR 528 mln) to expand its Principal Hotels business, Bloomberg has reported. Permira bought Hayley from its managers, who were backed by 3i Group, according to an emailed statement from the London-based firm on Friday.
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PropertyEU Archive
'REITs sector in Italy could grow to EUR 71 bn'
All major economies in Europe will have a tax-fiendly real estate investment trust (REIT) structure within two to three years, Nick van Ommen, ceo of European Public Real Estate Association (EPRA) forecast during the last day of Expo Italia Real Estate in Milan. 'About EUR 1,000 bn of the world's ...
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PropertyEU Archive
Welsh city backs EUR 1.5 bn regeneration scheme
The planning committee of Newport city council has decided to grant outline planning consent for a EUR 1.5 bn regeneration of a 242-hectare former steelworks site at Llanwern. Under the proposals put forward by regeneration specialist St Modwen Properties the land in the third largest Welsh city will be transformed ...
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PropertyEU Archive
Provada: international business masterclass
Masterclass: lessons in international business
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PropertyEU Archive
Italy to launch first public-private real estate fund
Italy's southern Campania region is launching a new public-private partnership to invest in real estate in the area, councillor Andrea Cozzolino said during the last day of Expo Italia Real Estate fair in Milan on Friday. The venture will be the first regional real estate fund with both public and ...
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PropertyEU Archive
SEB ImmoInvest buys KPN building for EUR 91m
SEB ImmoInvest has acquired a 22,000 m[sup]2[/sup] office development in the Sloterdijk district of Amsterdam for EUR 91 mln from the developer OVG Projectontwikkeling. Dutch telecom company KPN is to rent the entire building and will move its staff from offices in Amsterdam and Harlem there when it is completed ...
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PropertyEU Archive
Multi Corporation takes 100% ownership of Multi Turkmall
Multi Corporation has taken full ownership of Multi Turkmall in Turkey by giving its former joint venture partner Turkmall shares in Multi Corporation and an undisclosed cash amount. The joint venture has opened its first shopping centre Forum Bornova in Izmir and there are currently ten shopping centres and ...
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PropertyEU Archive
EUR 3 bn Yukos bidder disappears into the ether
Prana, the company that came out of the blue to bid EUR 3 bn to acquire the key assets of bankrupt Russian energy giant Yukos, has stunned the market again by pulling a disappearing act. Although Prana paid the equivalent of EUR 127 mln to take part in the auction, ...
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PropertyEU Archive
Delek acquires over 800 filling stations for EUR 342 mln
Delek Petroleum, a subsidiary of the Israeli delek Group, has acquired 800 fillng stations in the Benelux region from Chevron for EUR 342 mln. The deal, which requires regulatory approval, is scheduled for completion by 31 October 2007. Some 510 of the gas stations operating under the Texeco brand are ...
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PropertyEU Archive
Dragon-Ukrainian IPO raises $208m
Kiev-based investment bank Dragon Capital raised $208 mln (EUR 155 mln) from the IPO of its property investment arm Dragon-Ukrainian Properties and Development on London's AIM market, making it largest Ukrainian IPO to date.
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PropertyEU Archive
Aedes, Gefim form JV for Milan green development
Italian property companies Aedes and Gefim have formed a joint venture for the development of a revitalisation project on a former industrial site north of Milan. The 500,000 m[sup]2[/sup] 'green' development will include a 155,000 public park, 18,000 m[sup]2[/sup] of piazzas, gardens, yards, tree-lined streets and cycle paths.
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PropertyEU Archive
Irish Life buys UK mall for EUR 125m
Irish Life Assurance has purchased the Nicholsons shopping centre in Maidenhead, southeast England, from London-based private property investor Boultbee for £85 mln (EUR 125 mln). The Nicholsons centre provides 12,000 m[sup]2[/sup] of retail sales accommodation on a 1.77 hectare site. The key tenant anchors include Tesco Metro, Argos, Next, WH ...
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PropertyEU Archive
Pirelli RE may seek EUR 1 bn listing for funds in Amsterdam
Pirelli Real Estate may seek a listing on either Euronext in Amsterdam or on the main market in London for the office funds Berenice and Tecla, Italian newspaper Milano Finanza reported on Thursday. Earlier this week, Pirelli and Morgan Stanley said they will launch a public offer for the two ...
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PropertyEU Archive
Henderson Global eyes Continental Europe
UK property company Henderson Global has set its sights firmly on the Continental Europe property market, according to a report in the Wall Street Journal. The company is increasing its exposure to markets such as Germany and Spain, as well as Asia. Henderson MD James Darkins is cited as ...
