Latest reports – Page 3709
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PropertyEU Archive
Law firm leases space in 'Hitler's London HQ'
Property consultant Nelson Bakewell's (NB) City Office has let the fourth floor of Ibex House in London to law firm Field Fisher Waterhouse (FFW). Ibex House is the iconic Grade I-listed building dating from the 1930's on the Minories - which is believed to have been Adolf Hitler's proposed headquarters ...
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PropertyEU Archive
Rodamco Europe ready 'more than ever' for merger with France's Unibail
Rodamco Europe saw its direct result after tax (rental income minus costs) rise by 2.6% to EUR 96.1 mln in the first quarter of 2007. Net profit per share surged 58% thanks to a 92% increase in the indirect result, reflecting a higher valuation of the portfolio. For full-year 2007, ...
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PropertyEU Archive
Keops sells 37 Swedish commercial properties
Danish Keops has agreed to sell 37 Swedish commercial properties to a subsidiary of the British listed property investment company Teesland IOG for a total of SEK 1.5 bn (EUR 160 mln). The disposal involves the remaining properties of the so-called Malmstaden portfolio which Keops acquired in November 2004. The ...
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PropertyEU Archive
Ixis AEW set to sell Greek properties
Ixis AEW Europe is planning to sell eight Greek properties leased to the DIY chain Praktiker, Greek daily Kerdos reported. The fund will sell the properties to Rockspring and Henderson for about EUR 160 mln. The deal would make it the biggest real-estate transaction in Greece after Lamda Development sold ...
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PropertyEU Archive
Henderson, MFI launch EUR 2 bn German shopping centre fund
Henderson Global Investors and Germany's Management für Immobilien (MFI) have announced the creation of a EUR 2 bn German shopping centre fund. The closed-ended fund will offer international and domestic investors exposure to high-end specialist retail property throughout Germany, the parties said.
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PropertyEU Archive
Electra Real Estate shops in Frankfurt
Electra Real Estate has bought 60% of a mixed-use residential and commercial building in Frankfurt's city centre for EUR 40 mln.The fully leased building has 62 rental apartments and 24,600 m[sup]2[/sup] of commercial space. The retail element is let to the Metro retail chain through 2013 at an annual sum ...
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PropertyEU Archive
Eur to double its property portfolio
Italy's Eur SpA is planning to double its property portfolio from the current EUR 670 mln to EUR 1.2 bn over the next five years, Eur said in a statement. The listed company manages assets in Rome's central Eur district and is 90%-owned by the ministry of economic affairs with ...
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PropertyEU Archive
Banuelos invests EUR 73m in Astroc
Enrique Banuelos, head of Astroc, invested some EUR 72.8 mln in Astroc shares over the last 15 days raising his stake in the company from 51.84% to 53.77%. According to Spain's stock market agency CNMV, Banuolos acquired about 2.3 million shares or 2% of the company following a correction of ...
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PropertyEU Archive
WDP doubles its French portfolio
Belgian closed-end real estate fund Warehouse de Pauw (WDP) has said it is to double its portfolio in France by investing EUR 35 mln in the realisation of two new projects in the North of the country. WDP said it has agreed with Van Maercke Immo France for the purchase ...
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PropertyEU Archive
Belgrade's office space rose by 40% since year-end 2005
Belgrade's total supply of speculative office space has increased by 40% since the end of 2005, according to the new Belgrade Office Market Overview issued by Colliers International Serbia. The total inventory of quality speculative office space in the Serbian capital is now 270,000 m2, of which some 145,000 m[sup]2[/sup] ...
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PropertyEU Archive
Bologna to start major urban regeneration project
Twelve military barracks, parts of two former military areas with a total of 600,000 m[sup]2[/sup] of space, were returned last Friday to the city of Bologna, northern Italy. Italy's Prime Minister Romano Prodi signed the transferral of properties to the city during a ceremony held in the city's Town Hall. ...
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PropertyEU Archive
Private equity may launch £9bn bid for retailer William Morrison
William Morrison Supermarkets, the UK's fourth-biggest food retailer, may 'soon' get a £9bn (EUR 13.18bn) takeover bid from private equity or property specialists, according to the Sunday Times. The newspaper said the England-based retailer might be the next target after buyout firms failed to take over rival Sainsbury last month. ...
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PropertyEU Archive
Jitters reverberate through Spanish property market
The mid-April crash in shares of Spanish development companies on the Madrid stock exchange has raised speculation about a slowdown in the residential market - and its impact on commercial real estate. Astroc led the decline and saw the value of its share price halve in just two weeks. If ...
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PropertyEU Archive
Oppenheim buys EUR 54.5m Skanska portfolio
German property investment company Oppenheim Immobilien is acquiring five properties in the Swedish cities of Gothenburg, Molndal, Malmo and Lund from Skanska for SEK 500 mln (EUR 54.5 mln). Skanska said the deal will result in a capital gain of SEK 184 mln (EUR 20.7 mln).
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PropertyEU Archive
Reig Capital sells Madrid office for EUR 84m
Lender Caja Duero has acquired the former head office of insurance company Winterthur from Reig Capital for EUR 84 mln. The building, currently vacant, is located at 6-8, Marques de Villamagna Street in Madrid. Reig Capital told PropertyEU that the property was acquired for EUR 69 mln in April 2006.
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PropertyEU Archive
Banimmo RE buys Antwerp Expo building
Belgian property company Banimmo Real Estate is taking over peer Bouwen en Wonen from Belgian company Artexis for an undisclosed amount. Bouwen en Wonen owns the 22,500 m[sup]2[/sup] Expo building, Antwerp's exposition centre. The property is currently let with a long-term lease contract to Mexico, a subsidiary of Artexis specialised ...
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PropertyEU Archive
Degi offloads assets for more than EUR 2.9 bn
Degi, the real estate investment arm of German insurer Allianz, has announced that its Grundwert open-ended fund is selling a commercial portfolio with a current market value of around EUR 2.45 bn to affiliates of the Whitehall Funds, real estate funds sponsored and managed by Goldman Sachs. Although the financial ...
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PropertyEU Archive
UK local authorities to sell £10 bn assets
UK local authorities in Sunderland, Newcastle and Birmingham are planning to sell real estate shares to developers, the Sunday Telegraph reported, citing property consultants and the Birmingham City Council. The sale would place assets worth some £10bn partly in private hands.
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News
Supply constraints drive Italy expansion
ITALY - Property adviser Savills is expanding its Rome office in a bid to capitalise on continuing strong investor interest in the Italian market.
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News
ING to significantly expand into Germany
GERMANY - ING Real Estate Management intends to significantly increase its presence in Germany in 2007, in order to profit from the continuing improving market fundamentals. In its annual report, ING Real Estate Group announced it also expects to ...
