Latest reports – Page 3715
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PropertyEU Archive
Record supply of new European shopping centre space due in 2007-2008
Russia has the largest shopping centre development pipeline in Europe by some distance, with approximately 4 million m[sup]2[/sup] due for completion in 2007-2008, according to Jones Lang LaSalle’s new shopping centre development report. Turkey is in second place with 2.2 million m2, just ahead of Italy (also 2.2 million m2) ...
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PropertyEU Archive
Riofisa to develop EUR 158m mall
Spanish shopping centre specialist Riofisa said it has acquired a 95,000 m[sup]2[/sup] plot of land from PortAventura in Costa Daurada, near Tarragona in Italy. The company added that it is planning to develop a EUR 158 mln shopping and leisure centre on the site. The PortAventura Village mall will provide ...
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PropertyEU Archive
Property & Building, Electra invest in $4bn Ukraine project
Property & Building, the real estate arm of Israeli investment firm IDB, and Israeli property investor Electra Real Estate have jointly bought land in Ukraine for a mixed-use project expected to raise $ 4 bn (EUR 2.9 bn) upon completion. Property & Building will own two-thirds of the project, with ...
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PropertyEU Archive
Poland registers new record with 2006 transaction volumes
Transaction volumes in Poland set a new record at around EUR 4.5 bn for 2006, the latest edition of the Warsaw City Report issued by global advisor Jones Lang La Salle said. Office vacancy reached an all time low of 5.4% whilst lagged construction activity is now booming in Non-Central ...
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PropertyEU Archive
Vastned sells Trinovium properties for EUR 45m
Dutch property company Vastned Offices/Industrial said it had sold a package of industrial and offices properties in the city of Nieuwegein for EUR 45 mln, EUR 5 mln below the latest published book price. The portfolio has been acquired by Laagraven Investment, for construction company Volker Wessels and the Kroon ...
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PropertyEU Archive
No solution in sight for Zlote Tarasy ownership wrangle
ING Real Estate still has no clarity on when it will be able to transfer a stake in the Zlote Tarasy (Golden Terraces) shopping centre in central Warsaw to Rodamco Europe. During a press tour of the shopping centre on Wednesday, Menno Maas, ceo of ING RE's Development division, conceded ...
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PropertyEU Archive
2007 may be a two-speed year for France
2007 will be a two-speed year for the French property market, according to a new report issued by global property advisor CB Richard Ellis. While demand in France is expected to accelerate in the first months of the year, the second half of 2007 is more uncertain, with presidential elections ...
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PropertyEU Archive
Winners of European shopping centre awards announced
Dundrum Town Centre in Ireland has won the award for the best new shopping mall at the 32nd annual conference of the International Council of Shopping Centers held this week in Warsaw. The award-winning project in the category very large centres is owned by Crossridge Investments. Silesia City Centre in ...
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PropertyEU Archive
Orco sees potential for new revenue from green buildings
The introduction of energy-performance certificates for European buildings is creating new business opportunities, according to Iain Sellers, regional operations director of developer Orco. 'We see potential for additional revenue streams,' he said during a panel discussion at the European conference of the International Council of Shopping Centers in Warsaw. 'For ...
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PropertyEU Archive
Morgan Stanley to buy 10 hotels from Hilton
Hilton Hotels Corporation has confirmed that it has reached agreement to sell up to 10 hotels - with a total of about 3,330 rooms - to a fund managed by Morgan Stanley Real Estate for approximately EUR 566 mln. A statement on the sale was issued by Hilton Hotels on ...
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PropertyEU Archive
Sponda plans logistics facility near St Petersburg
Finnish real estate investment company Sponda has purchased a 46-hectare site near St. Petersburg in Leningrad province through its subsidiary OOO Veika for approximately EUR 9.5 mln. Sponda said the move was part of its strategy to expand its property investment operations in Russia. The company plans to develop the ...
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PropertyEU Archive
First hotel REITset for launch
Vector Hospitality has announced it is to launch the first hotel REIT in the UK, with a portfolio valued at £2.6 bn (EUR 3.8 bn). The company, a partnership between the Alternative Hotel Group, Bank of Scotland Corporate and Richard Balfour-Lynn (RBS), is planning to raise about £2 bn through ...
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PropertyEU Archive
Rotterdam set to house the Netherlands' highest tower
Construction started on Wednesday on the Maastoren tower development in the Dutch port city of Rotterdam. At a height of 165 metres, the skyscraper is said to become the highest tower development in the Netherlands. The project is being developed by OVG on behalf of Deloitte, AKD Prinsen Van Wijmen ...
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PropertyEU Archive
JLL opens Finnish office
Jones Lang LaSalle has announced plans to expand in the Nordic region by opening an office in Helsinki, Finland. JLL will join forces with an experienced local team, which has up to now been operating under the GVA Finland brand name.
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PropertyEU Archive
Banuelos speaks out over Spanish market's fall
Enrique Banuelos, chairman of Spanish real estate company Astroc, said during a press conference in Madrid that the steep fall of Astroc's share price was mainly a consequence of the 'tremendous' revaluation of the company's stock over the last twelve months. Astroc's share price has gained more than 1000% since ...
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PropertyEU Archive
Hypo RE to finance British Ability Group
Hypo Real Estate Group will provide finance to the British Ability Group to set up a German retail portfolio, the bank said on Wednesday. Hypo will provide a credit line of EUR 100 mln. Ability Group will look for investment opportunities in Germany, where it has already purchased six supermarkets ...
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PropertyEU Archive
ICSC ' goes green'
Retailers must work together to help government policymakers create effective and workable regulations to make the industry more sustainable, Jaap Gillis, chairman of the European section of the International Council of Shopping Centers (ICSC), told the organisation's 32nd conference in Warsaw on Wednesday.
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PropertyEU Archive
WDP doubles French property portfolio
Closed-end real estate investment fund Warehouses De Pauw (WDP) has reached agreement with Van Maercke Immo France on the joint realisation of two new projects in Northern France. The deal will double WDP's total portfolio in the country to 140,000 m[sup]2[/sup]. WDP will invest a combined EUR 35 mln in ...
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PropertyEU Archive
Internet shopping set to grow fastest in CEE
The penetration of internet shopping is set to accelerate in Central and Eastern Europe, according to Mark Cliff, chief economist at ING Group. 'Long term, growth will be most rapid where penetration levels are now the lowest,' he said during his address Wednesday to the annual conference of the European ...
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PropertyEU Archive
Degi gains French ministry as tenant
German property investment company Degi (Deutsche Gesellschaft für Immobilienfonds) has gained the French health ministry as a tenant for its Tour Mirabeau office in central Paris. The Ministère de la Santé et des Solidarités will be renting 3,500 m[sup]2[/sup] of office space in the building. The agreement has a fixed ...
