Latest reports – Page 3725
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PropertyEU Archive
ICSC conference to discuss mall expansion strategies
More than 650 delegates from 30 countries have registered to attend the International Council of Shopping Centers' European conference in Warsaw from 25 to 27 April. The conference will provide 'an ideal platform for delegates to discuss how to create a strategy for expansion and to find a solution for ...
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PropertyEU Archive
Amsterdam's office market reaches turning point
Amsterdam's office market has reached a turning point according to research by real estate advisor Savills. After the stability that has characterised the city's rental levels in the last three to four years, 2006 signalled the turning point for Amsterdam’s office market, with rents starting to increase and rising an ...
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PropertyEU Archive
GTC set to build 12 shopping centres
GTC Romania said it is planning to develop about 10 to 12 shopping centres in Romania within the next four years. The company also said it is starting the construction of three shopping malls in Buzau, Piatra Neamt and Suceava in Romania under the common brand Galleria. Completion for the ...
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PropertyEU Archive
Dolphin takes over largest Cypriot developer
Dolphin Capital Atlantis is acquiring a 80% stake in Aristo, the largest holiday-home development company in Cyprus for EUR 245 mln. Aristo owns the 1,000-hectare site Venus Rock, the largest sea-front residential resort development in Europe, as well as three our of 12 new preliminary licenses for residential resorts granted ...
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PropertyEU Archive
German G-REIT congress in Frankfurt
The fourth annual German G-REIT congress will be held in Frankfurt on 13 April to discuss the topic 'It's a Go for the G-REIT - but what are the next steps?' Leading players in the German real estate sector will give an overview of their future plans. Participants can ...
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PropertyEU Archive
Bilfinger Berger wins EUR 80m construction contact
German construction company Bilfinger Berger said it has won a contract to design, build and operate a justice and civic centre in Wiesbaden, Germany. The project, worth EUR 80 mln, will be financed by Hessische Landesbank, with the bank's subsidiary OSB acting as project developer. The management contract runs for ...
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PropertyEU Archive
Bellway gets £1.2bn Leeds regeneration plan
Bellway Homes has signed a contract with Leeds City Council for a £1.2 bn (EUR 1.76 bn) 20-year regeneration scheme that will transform some of Leeds' most deprived areas. Members of Leeds City Council's Executive Board agreed on Friday to back a strategic partnership with developer Bellway that will deliver ...
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PropertyEU Archive
VIB Vermogen buys EUR 37m in logistics assets
VIB Vermogen, a German company specialising in commercial real estate, has purchased two logistics properties in Neufahrn, near Munich, and Wackersdorf in southern Germany for EUR 37 mln. The properties, which are completely let, generate an annual rental income of about EUR 2.8 mln. The deal reflects a rental yield ...
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PropertyEU Archive
ING RE sells Belgian project to Redevco
ING Real Estate is selling the retail part of the Genk Stadsplein/Sint Martinusplein project to Redevco Belgium. The scheme provides some 30 retail units with a total surface of 16,000 m[sup]2[/sup]. It is nearly fully let (99%) to national and international retailers such as H&M, JBC, GB, Zara, C&A, ICI ...
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PropertyEU Archive
DIC Asset grabs German portfolio for EUR 460m
DIC Asset has acquired a mixed-use property portfolio from SEB Immobilien-Investment for about EUR 460 mln, including transaction costs. DIC Asset's chairman Ulrich Holler said the company is planning to make further investments this year of at least EUR 1 bn. 'The purchase of this valuable portfolio is the start ...
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PropertyEU Archive
Reem Investments to plough $1bn in Morocco
Abu Dhabi-based Reem Investments plans to invest $1 bn (EUR 745 mln) in the construction of the Atlas Garden tourist and real estate complex near Marrakech, Morocco. The 200-hectare scheme will include three hotels with more than 2,500 beds and an 18-hole golf course, residential areaa, a trade centre and ...
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PropertyEU Archive
Klepierre could be hit by Carrefour property move
French property company Klepierre could be badly affected if Carrefour moves to sell off its estimated EUR 20 bn property holdings, said analyst Boudewijn Schoon at Dutch merchant bank Kempen & Co. The analyst noted that Klepierre’s recent share price losses were more than likely due to the uncertainty surrounding ...
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PropertyEU Archive
Hotel Majestic on the market for EUR 500m
The bidding period for the central Paris Hotel Majestic has ended and the winner of the prestigious property, a few steps from Avenue des Champs-Elysees, could be made public as soon as today. The hotel and conference centre was used as Hitler's Paris head office, and was returned after the ...
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PropertyEU Archive
Retail dominates Portuguese property market rise in 2006
Total property returns in Portugal rose to 12% in 2006, the highest return since 2002, and way above bond returns of 0.2% and inflation of 2.5%. The rise in property returns was dominated by the retail sector, which saw returns rocket by 15.9% last year, driven by strong investor demand ...
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PropertyEU Archive
Sweden to scrap real estate tax in 2008
The Swedish government has presented a plan to modify the country's controversial real estate tax, an issue that analysts said helped the current centre-right coalition win last year's national elections. The 'Alliance for Sweden' coalition made it one of its central election promises to reform the real estate tax last ...
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PropertyEU Archive
IVG weighs EUR 1.5bn REIT launch
German property investment firm IVG may float German commercial properties worth EUR 1.5 bn in the form of real estate investment trusts (REITs), Financial Times Deutschland reported, citing IVG ceo Wolfhard Leichnitz.
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PropertyEU Archive
Sacyr taunts French Eiffage
Spanish construction group Sacyr said it has raised its stake in France's Eiffage just under the one-third level which would trigger a full takeover bid, but added it is not planning to cross that threshold. Sacyr Vallehermoso has a 33% interest in Eiffage and 29% of voting rights.
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PropertyEU Archive
Gecina buys 55,000 m[sup]2[/sup] French logistics warehouse
French property firm Gecina said it had acquired a 55,000 m[sup]2[/sup] logistics warehouse in Trappes - Elancourt, west of Paris. The asset is fully leased to two leading global logistics firms, Gecina said. The new acquisition takes Gecina's total logistics property holdings to 690,000 m2, with a further 300,000 m[sup]2[/sup] ...
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PropertyEU Archive
Colony says Carrefour can raise EUR 30bn from property sell-off
French supermarket operator Carrefour could raise more than EUR 30 bn from the sale of its property holdings, according to Thomas Barrack, founder of US private equity firm Colony Capital. This is way more than the French retailer says the holdings are worth. Colony and French billionaire Bernard Arnault last ...
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PropertyEU Archive
ING UK Real Estate NAV up 26% in 2006
Dutch financial group ING's UK property arm, ING UK Real Estate said its net asset value per share increased by 26%, in the period from the company's incorporation in September 2005 to end-2006, due to continued favourable conditions on the UK commercial property market. The Guernsey-registered closed-ended investment company made ...
