Latest reports – Page 3714
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PropertyEU Archive
Sanahujas poised to buy HSBC head office
The Sanahuja family is reportedly the frontrunner in the public auction to buy the £1bn HSBC head office in Canary Wharf, daily the Financial Times said. The Catalan family, through its investment vehicle Cresa, is said to have made the highest offer in the auction. The property was put on ...
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PropertyEU Archive
Barclays Capital to launch European RE fund
Barclays Capital, the investment arm of UK bank Barclays, is to launch a European real estate income fund. The Dublin-domiciled OEIC fund will offer investors exposure to tax-friendly real estate investment trusts (REITs) in Europe and the EPEU index, which tracks 47 European REITs and real estate shares.
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PropertyEU Archive
Foruminvest starts new development in Italy
Foruminvest Italia has recently signed an agreeement for the development of its third shopping centre in Italy. The shopping centre in Afragola, Italy's Naples region, will comprise over 35,000 m[sup]2[/sup] of retail space and restaurants, as well as about 2,500 parking places. The shopping centre will accommodate, among others, a ...
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PropertyEU Archive
UK investors keen on Turkish property market
Rod Thomas of UK property consultancy Axis Property International said UK investors are turning away from the overpriced Spanish property market and investing in Turkish real estate, which he says, is the 'most exciting and interesting choice' for European real estate investors.
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PropertyEU Archive
Caisse D'Epargne, Nexity agreement moves a step closer
Groupe Caisse d'Epargne's supervisory board has approved the new venture between its property arm Credit Foncier de France and Nexity, French daily La Tribune reported. Caisse d'Epargne will take a 38.2% stake in Nexity in exchange for 25% of Credit Foncier and other assets. Nexity will subsequently become the regional ...
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PropertyEU Archive
Icade takes over Opera Construction
Icade's subsidiary Icade Capri has agreed with the Danner family, Opera Construction’s majority shareholder, to take over 100% of Opera Construction for EUR 56 mln. Icade will purchase 1,741,424 shares, or 69.3% of Opera Construction at a price of EUR 22 per share and 140,000 share subscription coupons for a ...
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PropertyEU Archive
GTC raises EUR 210m through bond issue
Kardan has announced that its subsidiary Global Trade Center (GTC) has raised approximately EUR 210 mln through a bond issue. The proceeds will be used for the purchase of land and the construction of new real estate projects in Central and Eastern Europe. The offering was addressed to leading Polish ...
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PropertyEU Archive
Orco takes over Berliner GSG for EUR 440m
Orco Property Group, together with the Morgan Stanley Real Estate Fund V (MSREF V), is to take over state-owned Gewerbesiedlungs-Gesellschaft (GSG) for EUR 440 mln. With about 800,000 m[sup]2[/sup] commercial and light industrial space, GSG is the biggest provider of commercial property in the German capital and is presently owned ...
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PropertyEU Archive
White Estates buys in Amsterdam EUR 125m offices
White Estates Investments has agreed with Commerz Grundbesitz (CGI) on the acquisition of the Atlas office complex located in the center of Amsterdam-Zuidoost for EUR 125 mln. The complex is vacant at present, but the annual rent for the property could reach some EUR 15 mln. Atlas includes five office ...
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PropertyEU Archive
Homburg shops in the Baltic region with EUR 197m buy
Swedish company SEB has sold its real estate portfolio in Estonia, Latvia and Lithuania to Homburg Invest for EUR 197 mln. Homburg said in a statement that the transaction involves 63 properties, of which 47 will be occupied by SEB Group under long term leases and 16 of which are ...
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PropertyEU Archive
Stockholm sells EUR 1 bn commercial property
The gvernment of the city of Stockholm is to announce the sale of about EUR 1bn property assets next month, daily the Financial Times reported. More than 70 investors have reportedly made a bid for Stockholm's CentrumKompaniet, which owns 10 shopping centers. The city government will announce the winner on ...
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PropertyEU Archive
DIC Asset sells EUR 86m commercial portfolio
Frankfurt-based DIC Asset has sold a portfolio of ten commercial properties to two Luxembourg investors advised by Westcity PLC and AXA REIM for a price of approximately EUR 86 mln. The properties cover a total area of about 60,000 m[sup]2[/sup] and are primarily used as office buildings. They are mainly ...
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PropertyEU Archive
FCC wins EUR 85m Romanian contract
Spain's Fomento de Construcciones y Contratas (FCC) said its Austrian unit Alpine has won a EUR 85 mln contract to develop Petrom City office, the new headquarters of Romanian oil and gas company Petrom, a unit of Austria's OMV. The property will be located in northern Bucharest and construction will ...
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PropertyEU Archive
EC, EIB and nine EU countries launch infrastructure fund
The European Commission, the European Investment Bank and nine EU member countries launched a trust fund on Thursday dedicated to develop infrastructures in Africa, Italian news agency Ansa reported. Italy, Austria, Belgium, Spain, the Netherlands, Luxembourg, France, Germany and Greece, together with the European Commission, have furnished the fund with ...
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PropertyEU Archive
Bulgarian stock exchange plans new property index
The Bulgarian stock exchange (BSE) is planning to launch two new indices, including a REITs property index. The BG REIT index will be made up of publicly-traded real estate funds. The index will include between three and 30 REITs and will be calculated o the basis of their free float-adjusted ...
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PropertyEU Archive
German IC Immobilien mulls REIT listing
German IC Immobilien is planning to launch a new EUR 1 bn real estate investment trust under the name Fair Value Reit, Boersen-Zeitung reported. This will offer an exit possibility for its fund investors, the paper said, citing ceo Oscar Kienzle. Kienzle said that an Initial Public Offer (IPO) of ...
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PropertyEU Archive
Halverton buys Dutch logistics centre for EUR 6.7m
The Dutch arm of UK property firm Halverton Real Estate said it bought a logistics and distribution centre in the Dutch town of Nieuw Bergen for EUR 6.75 mln. The 10,800 m[sup]2[/sup] commercial space and 1,500 m[sup]2[/sup] office property will be added to Halverton's EB8 fund.
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PropertyEU Archive
ICSC conference coming to Amsterdam
The annual conference of the European section of the International Council of Shopping Centers is growing so much that it is to be hosted at a major convention centre in Amsterdam in 2008 rather than in a hotel as has been the case up to now.
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PropertyEU Archive
Retailers must adjust to 'political shopping'
The retail industry must adjust its strategies and policies in order to benefit from the rise of 'political shoppers', economist and writer Dr Noreena Hertz told the second day of the International Council of Shopping Centers European conference in Warsaw on Thursday.
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PropertyEU Archive
Bullring wins ICSC marketing award
The Bullring in Birmingham is the winner of the 2007 Solal Marketing Awards announced Thursday at the European conference of the International Council of Shopping Centers (ICSC) in Warsaw. The centre, which is owned by the Birmingham Alliance (Hammersons, Land Securities and Henderson Global Investors) and managed by Donaldsons, won ...
