Latest reports – Page 3701
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PropertyEU Archive
Wichford acquires 3 UK properties for £30m
UK property investor Wichford has acquired three UK properties for a total of £30.5 mln (EUR 45 mln), and that it is in advanced talks on the acquisition of properties in France and Germany worth around £110 mln.
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PropertyEU Archive
Al Fajer showcases Dubai development in Italy
Dubai-based El Fajer is using the Expo Italia Real Estate to showcase its Jumeihra Business Centre Tower development in downtown Dubai. Al Fajer ceo Shahram Abdullah Zadeh said Dubai is attracting a lot of interest from European investors, especially from Germany and the UK, and he wants to spark demand ...
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PropertyEU Archive
'Shopping malls will revive historic city centres'
Shopping malls are not plagues for Italy's city centres but rather instruments able to pump life back into Italy's increasingly desolate historic areas, Fabio Bandirali, director of EuroHypo Italia and president of Italy's shopping centre organization CNCC, has said on the third day of the Expo Italia Real Estate (EIRE) ...
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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 ...
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PropertyEU Archive
Investor demand slowing down in mature CEE markets
Investor demand for property in Central and Eastern Europe fell in the first quarter of 2007, in particular in Poland, Hungary and the Czech Republic, according to the latest capital markets update from property adviser DTZ. The volume of transactions across the region amounted to EUR 2.3 bn, marking a ...
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PropertyEU Archive
CPB: yield gap in CEE fully eliminated by 2009
The existing yield gap in countries in Central and Eastern Europe (CEE) compared to the western part of Central Europe will be fully eliminated in the next 12 to 18 months, according to Michael Ehlmaier, ceo of property adviser CPB. 'There is simply no objective reason any longer as to ...
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PropertyEU Archive
Cofinimmo buys EUR 25 mln plot in Antwerp port
Belgian property company Cofinimmo has acquired a development site in the port of Antwerp for around EUR 25 mln. The site will be used for the development of a 10,000 m[sup]2[/sup] office building and 200 parking spaces. The company expects the intitial rental yield to be between 6.1% and 7.1%.
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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
Mitsubishi to pay EUR 153m for London offices
Japanese property giant Mitsubishi Estate has exchanged contracts with life assurance company Meiji Yasuda for the acquisition of River Plate House in Finsbury Circus, London for 25 billion yen (EUR 153 mln). The office building provides 20,000 m[sup]2[/sup] of lettable space over nine floors and is let to Mizuho Corporate ...
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PropertyEU Archive
Belgravia Property buys former Ahold HQ
Dutch property company Kadans Vastgoed has sold Fort Zaan, the former headquarters of retailer Ahold, to Belgravia Property Investment Management for an undisclosed sum. The six-storey building in the Dutch town of Zaandam provides 8,100 m[sup]2[/sup] of lettable area and 200 parking places. Kadans Vastgoed has split the entire plot ...
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PropertyEU Archive
Keops ceo sells 29% stake to Icelandic investor
Icelandic investment firm Fons Eignarhaldsfelag has bought a 29% stake in Danish real estate company Keops. The 52 million shares were sold by Keops ceo Ole Vagner through his holding company for DKK 1.25 bn (EUR 167 mln), or DKK 24 per share. Fons now holds a 32% stake in ...
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PropertyEU Archive
Derwent to sell EUR 221m property before REIT conversion
Derwent London plans to sell off £150 mln (EUR 221 mln) of property as the newly merged company adjusts its portfolio to focus exclusively on the UK capital. Chairman Robert Rayne explained to the annual shareholders meeting on Wednesday that the majority of the non-core assets will be sold after ...
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PropertyEU Archive
Private equity firm buys French homebuilder for EUR 601m
French private equity firm PAI Partners is to pay EUR 601 mln for a 49% stake in Kaufman & Broad, the largest homebuilder in Paris. The interest is being sold by its struggling American parent KB Home for EUR 55 a share. PAI is also buying stock from Kaufman & ...
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PropertyEU Archive
ING Real Estate makes EUR 50m acquisition in France
ING Real Estate Investment Management has added to its French commercial portfolio through the EUR 50 million acquisition of the Marques Avenue Romans factory outlet for its Retail Property Fund France Belgium. The 11,850 m[sup]2[/sup] scheme consists of two fully let units and almost 500 parking spaces in the centre ...
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PropertyEU Archive
CGS acquires mixed-use property in Frankfurt
German property fund Commerz Grundbesitz-Spezialfondsgesellschaft (CGS) is to acquire the mixed-use Depot Sachsenhausen development in Frankfurt for EUR 45 mln from a joint venture of several development companies. Depot Sachsenhausen is a former tram depot that incorporates three historic building units with a total floor space of 13,000 m[sup]2[/sup] and ...
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PropertyEU Archive
Polish shopping centre group condemns building restrictions
The Polish Council of Shopping Centers has denounced plans to introduce restrictions for new shopping malls throughout the country. The plans pose a major threat to new developments, the council warned in a one-page advertisement published Wednesday in Polish newspapers.
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PropertyEU Archive
Astroc boss sells stake to Nozar at discount
Enrique Banuelos, chairman of Astroc Mediterraneo, has agreed to sell a 17% stake in the Spanish real estate company to peer Nozar for EUR 261 mln, or EUR 12.40 a share - just about 20% less than the company's current share price. The transaction will increase Nozar’s holding in Astroc ...
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PropertyEU Archive
Kenmore buys Astoria building in Rennes
Kenmore Property Group has made the first acquisition on behalf of its French office fund with the purchase of the Astoria office building in Rennes from local developer Prodim in a forward funding deal. The 2,900 m[sup]2[/sup] office development is scheduled for completion in January 2008. The purchase price was ...
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PropertyEU Archive
Genoa to get EUR 250m leisure and shopping complex
The Italian city of Genoa is to be home to a new shopping and leisure centre as well as a new stadium by 2011, Italian Gruppo Giacomazzi Real Estate announced at the Expo Italia real estate fair in Milan. This futuristic project, presented for the first time at the fair, ...
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PropertyEU Archive
Commerz Grundbesitz to merge with CommerzLeasing
CommerzLeasing und Immobilien (CLI) and Commerz Grundbesitz Gruppe (CGG) are to integrate their activities before the end of the year. The merger
