Latest reports – Page 3719
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PropertyEU Archive
London's old stock market gets facelift
Hypo Real Estate Bank and HSH Nordbank are providing £150 mln (EUR 220 mln) in construction financing to refurbish the office tower that housed the former London Stock Exchange. The 29,357 m[sup]2[/sup] property, located at 125 Old Broad St in London, will be redeveloped by a joint venture of GE ...
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PropertyEU Archive
Sacyr launches EUR 6.5 bn full bid for Eiffage
Spain's Sacyr Vallehermoso, Eiffage's majority shareholder with a 33% stake, has unveiled plans to launch an all-share offer of EUR 6.5 bn for the remaining 67% stake in the French public works and transport concessions group, a day after it was denied seats on the company's board. Sacyr is offering ...
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PropertyEU Archive
Orco buys Warsaw warehouse
Orco Fund Retail has acquired for an undisclosed amount a warehouse owned by Ozarow Business Center (OBC) in bankruptcy. The Polish Jones Lang LaSalle Capital Markets team advised the Trustee and Creditors' Councils on the sale.
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PropertyEU Archive
Lucette purchases Paris office for EUR 110m
France's Compagnie la Lucette has acquired the Atrium office building in Paris from the Allianz group for EUR 110 mln, French property newspaper Business Immo reported. The 12,000 m[sup]2[/sup] property is located in Place des Vins de France in the twelfth arrondissement of Paris. It is wholly let to the ...
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PropertyEU Archive
AMB completes Fokker logistics centres at Schiphol
AMB Property Europe has announced the completion of the development of AMB Fokker Logistics Centres 3 and 4A next to Amsterdam's Schiphol Airport. The phase, which comprises 30,200 m[sup]2[/sup] of space, brings the total distribution space at AMB's Fokker Logistics Park to approximately 63,100 m2, or 75% of the total ...
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PropertyEU Archive
ING RE opens office in Bucharest
ING Real Estate Investment Management has announced the formal opening of its new office in Bucharest, Romania. The opening will be followed by a seminar on real estate investment and development opportunities in Bucharest and Romania.
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PropertyEU Archive
Financial Dimensions eyes Turkish expansion
Financial Dimensions (FD) is planning to plough as much as $200 mln (EUR 147 mln) into Turkey over the next three years, newspaper Turkish Daily News reported. The London-based company will invest an initial amount of $50 mln in the eastern port of Bodrum to develop the Bay Peninsula project. ...
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PropertyEU Archive
German investment market heading for new record
A total of EUR 12.13 bn was invested in commercial property in Germany during the first quarter of 2007, which points to a new record likely being reached in the full year. The investment market is more than 20% up on what was already a good result in 2006. If ...
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PropertyEU Archive
Societe de la Tour Eiffel invests EUR 16 mln in two French assets
Societe de la Tour Eiffel (STE) is investing about EUR 16 mln in the development of two sites across France. At Le Bourget Airport, 12 km northeast of Paris, the French property company has acquired a two-hectare site and will develop with Nexity Geprim 10,000 m[sup]2[/sup] of offices and business ...
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PropertyEU Archive
Bank Millennium signs up to Poland's largest office leasing
Bank Millennium has signed the largest office space lease in Poland, agreeing to occupy at least 22,400 m[sup]2[/sup] in Warsaw. The Polish bank is leasing most of the space in both phases of the Harmon-Polifonia Office Centre being developed by Harmony Office Center and EKO-PARK. Property advisor Cushman & Wakefield, ...
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PropertyEU Archive
Birmingham Development puts property on the market for £300m
Birmingham Development Company has appointed CB Richard Ellis to sell the 139,353 m[sup]2[/sup] Mailbox mixed-use scheme and its neighbour Cube development in Birmingham for £300 mln (EUR 441mln). Mailbox is reportedly the UK's largest mixed-use property comprising 27,499 m[sup]2[/sup] of offices, 38 shops, 15 restaurants, 144 flats, two hotels and ...
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PropertyEU Archive
Polish Shopping Centre Fund develops three malls
The Polish Shopping Centre Fund is developing three Focus Park malls in the country and has seven other projects in the pipeline. The EUR 1 bn fund was established in November 2005 by Parkridge CE Retail and Morley Fund Management, which acted on behalf of the three Norwich Union Life ...
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PropertyEU Archive
Inmocaral raises EUR 219m through share issue
Inmocaral Group is to issue shares for a total value of EUR 219.3 mln in a move aimed at facilitating the share swap agreed with Spanish peer Colonial. The property company will issue 52.46 million new shares at a price of EUR 4.18 per share.
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PropertyEU Archive
Macquarie CountryWide shops in Europe with EUR 351m retail buy
Australian REIT Macquarie CountryWide has acquired seven shopping centers in Germany and Poland for a total of EUR 351 mln in its first foray into Europe. This is the first major transaction for Steven Sewell, who was appointed ceo last September. Sewell said in a statement the company is planning ...
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PropertyEU Archive
EBRD buys Belgrade mall
The European Bank for Reconstruction and Development (EBRD) is boosting its partnership with Globe Trade Center and will invest EUR 23.6 mln in a shopping mall in Belgrade, Italian news agency Ansa reported. The shopping mall, co-financed by Raiffeisen Zentralbank Oesterreich, will provide some 30,000 m[sup]2[/sup] of office and retail ...
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PropertyEU Archive
Warburg-Henderson buys office-retail building in Scotland
Warburg-Henderson KAG has acquired an office and retail property in Glasgow's for its Pan-Europa Fonds Nr. 3. for around EUR 50 mln. The property at 95 Bothwell Street on an island site in the city's central business district was constructed in 1931. It provides 12,750 m[sup]2[/sup] of lettable space ...
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PropertyEU Archive
GE to buy EUR 1 bn of French assets in 2007
GE Real Estate is planning to invest more than EUR 1 bn in acquisitions of commercial properties across France this year, GE Real Estate France's president François Trausch said in a statement. GE Real Estate owns about EUR 5 bn of assets across the country and the company is targeting ...
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PropertyEU Archive
Dutch province buys HQ from CGI for EUR 111m
The province of South Holland has bought its headquarters in The Hague from German open-ended fund Commerz Grundbesitz-Investmentgesellschaft (CGI) for EUR 111.71 mln. The sale will come into effect on 1 April next year when the provincial authorities' lease on the building expires. The provincial authority investigated whether it was ...
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PropertyEU Archive
DnB NOR seeks to create 'largest Nordic broker'
Norwegian financial services group DnB NOR has put forward an offer to acquire the shares of Swedish real estate broker Svensk Fastighetsformelding for SEK $440 mln (EUR 47.8 mln). Noting that the board of the Swedish company is recommending the offer, DnB NOR said a takeover would create the ...
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PropertyEU Archive
MPs back development by Dutch 'REITs'
The lower house of parliament in the Netherlands has backed a proposal to allow tax-friendly property vehicles FBIs develop for their own account. FBI’s are the Dutch equivalent of a real estate investment trust (REIT). Under the legislation, which still has to be approved by the Dutch senate, FBIs would ...
