Latest reports – Page 3723
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PropertyEU Archive
Kristensen Salzgitter sells EUR 174m property portfolio
Denmark's Kristensen Salzgitter said it has reached agreement with an unnamed German property company to sell its entire property portfolio comprising about 5,800 apartments, 16 commercial leases and garages for EUR 174 mln. The portfolio is located in the cities of Salzgitter and Kassel, central Germany.
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PropertyEU Archive
French property returns top 20% mark across the board - IPD
Total returns on French property last year came in at 21.7%, the highest level since 1997, outperforming the 20.9% return from French equities and the very weak return of 0.9% on the French bond market. Real estate index provider IPD France said the performance was driven by strong capital ...
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PropertyEU Archive
LB Immo Invest to set up nursing-home and hotel funds
LB Immo Invest, a German investment company founded by HSH Real Estate, Real I.S. and Landesbank Hessen-Thuringen, has announced it will launch a special property fund investing mainly in nursing homes. The fund has a target size of EUR 500 mln. The fund will invest in some 50 nursing homes ...
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PropertyEU Archive
Ukraine property market pulling in billions in foreign investment
Ukraine's property market is booming and attracting billions of euros in investment from major foreign players, largely in the commercial real estate sector. Terry Pickard, managing director of the Ukrainean arm of NAI Global told Kiev newspaper Kyiv Post that the rush in the countries is the fiercest he’s ...
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PropertyEU Archive
Emaar may invest up to EUR 37 bn in Turkey
Dubai-based Emaar Properties and its Turkish partner Atasay could invest up to EUR 37 bn in Turkish real estate, Atasay's ceo Cihan Kamer and Emaar Turkey's general manager Ozan Balaban said during an interview on CNN Türk. The Dubai-based group Emaar announced last month the development of a landmark 1.7 ...
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PropertyEU Archive
Skanska wins EUR 50m Norway building contract
Construction company Skanska has won the contract for a NOK 400 mln (EUR 49.5 mln) construction project in the Norwegian city of Stavenger. The company said the order amount will be included in the order bookings for the second quarter of 2007. The project comprises a seven-storey office and ...
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PropertyEU Archive
Ile-de-France sees EUR 7.1 bn property investments in Q1 2007
The French Ile-de-France region in Paris attracted some EUR 7.1 bn of investment in real estate in the first quarter of 2007, according to a provisional survey by Immostat, an information centre set up in 2001 by four major real estate consultancies including CB Richard Ellis, Jones Lang Lasalle, DTZ ...
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PropertyEU Archive
Macquarie Goodman buys Rosemound for EUR 493m
Macquarie Goodman is buying Rosemound Developments for £336 mln (EUR 493 mln) to start a new fund investing in UK warehouse distribution centres. Rosemound, a leading industrial developer in the UK, will add projects worth about £1.7 bn upon completion to Macquarie Goodman's UK developments, the Sydney-based company said in ...
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PropertyEU Archive
Wessels buys the Bavarian stock exchange in Munich
Volker Wessels' investment vehicle Kondor Wessels and the Dutch building industry pension fund BPF Bouwinvest have jointed forces to buy the head office of the Bavarian stock exchange at Lenbachplatz in Munich. The acquisition price is EUR 21 mln, German newspaper Immobilien Zeitung reported. The stock exchange property is being ...
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PropertyEU Archive
Beni Stabili buys Milan retail property
Italian Beni Stabili has signed a preliminary agreement with Gruppo Zegna to acquire a retail property for EUR 28 mln. The building is located at Via Verri in Milan. The transaction is expected to be completed by the end of the year, Beni Stabili said in a press release.
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PropertyEU Archive
Sonae Sierra expands further in Greece
Sonae Sierra and Rockspring Property Investment Managers have bought a site from Athienitis Contractors Developers to develop the largest shopping centre in Larissa, central Greece. The project will involve an investment of EUR 48.5 mln. Rockspring acquired the site on behalf of the PanEuropean Property Limited Partnership,
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PropertyEU Archive
JLL chosen to lease new Moscow office centre
Russian real estate investment and development group Open Investments (OPIN) has appointed global advisor Jones Lang LaSalle as exclusive adviser for the leasing of its new office centre on Prospect Akademika Sakharova in central Moscow.
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PropertyEU Archive
Russia may return $50 bn in church assets
The Russian authorities will decide by the end of April whether to return to a number of property assets valued at up to $ 50 bn (EUR 37.2 bn) to the Russian Orthodox Church, Italian news agency Ansa reported. The move comes in the wake of a project commissioned by ...
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PropertyEU Archive
LP eyes international real estate portfolio
Laegernes Pensionskasse (LP), the Danish Doctors' Pension Fund, has disclosed a huge 56.4% return on its real estate investments last year, newspaper IPE Real Estate reported. The fund said the result was due to 'good developments in all the pension fund's property investments.'
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PropertyEU Archive
Sweden set to sell portfolio for EUR 972 mln
A state-owned shopping centre portfolio in Sweden could be sold for far above the opening price of SEK 9 bn (EUR 972 mln). Swedish newspaper Dagens Industri reported that there are currently four bidders left, and that a final offer for the CentrumKompaniet bidding contest is due within two weeks. ...
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PropertyEU Archive
Prologis set to enter Rome industrial market
Denver-based Prologis has unveiled plans to develop a 30,007 m[sup]2[/sup] new, state-of-the-art industrial warehouse near Rome. The ProLogis Park Anagni will be located on a plot of land the company just acquired in Anagni, some 50 km from Rome.
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PropertyEU Archive
CVC abandons Sainsbury buyout bid
Private equity group CVC Capital Partners has abandoned its £10 bn (EUR 14.7 bn) offer for UK retail chain Sainsbury. CVC was forced to throw in the towel after the family that founded Sainsbury stuck to its demand for 600 pence per share, rather than the 582 pence offer put ...
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PropertyEU Archive
Fonciere des Regions buyout of Beni Stabili gets go ahead
Italy's antitrust authority AGCM has given the green light for the buyout of Italian Beni Stabili by French Fonciere des Regions. Fonciere des Regions signed an agreement with Beni Stabili's chairman Leonardo Del Vecchio in February to take over about 35% of Italy's second-largest real-estate company. The French company said ...
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PropertyEU Archive
ING RE acquires retail park in Austria
ING Real Estate Investment Management has acquired the 'Shopping Centre 17' retail park development in Brunn am Gebirge, Lower Austria. The retail park is being added to the portfolio of ING's Real Estate Property Fund Central and Eastern Europe (ING PFCEE). The fund was launched in December 2006.
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PropertyEU Archive
LP eyes international real estate portfolio
Laegernes Pensionskasse (LP), the Danish Doctors' Pension Fund, has disclosed a 56.4% return on its real estate investments last year, publication IPE Real Estate reported. The fund said the result was due to 'good developments in all the pension fund's property investments.'
