Latest reports – Page 3730
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PropertyEU Archive
Greece calls for companies to build EUR 1.1bn properties
Greece's government is calling for companies to participate in tenders for public development projects worth about EUR 1.1 bn in 2007, said Italian newsagency Ansa, citing the country's economic affairs minister Giorgios Alogoskoufis.
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PropertyEU Archive
Warsaw set for Central Europe Meeting Point
Warsaw will be home to the Central Europe Meeting Point (CEMP) in April, an event set up to foster relations between Western property professionals and the main players from the Central and Eastern European countries. The CEMP, to be held at the Marriott Hotel in Warsaw from 18-20 April ...
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PropertyEU Archive
Hochtief to manage 80 Varde Partners assets
Hochtief Facility Management (HTFM) will take over the management of a mixed-use portfolio of the international financial investor Varde Partners in the coming four years. The portfolio comprises 80 German real estate assets covering some 420,000 m[sup]2[/sup] of leasable space, Germany property newspaper Immobilien Zeitung reported.
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PropertyEU Archive
Mandarine makes acquisition in European expansion drive
Mandarine Group, a Paris-listed property company, has acquired the Luxembourg-registered real estate company Mandalux for about EUR 111 mln. Mandalux's capital consists of 4 million shares in companies active in Morocco and Switzerland. The French company will focus on building, marketing and managing of developments in these two countries. The ...
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PropertyEU Archive
CA Immo, UBM to plough EUR 250m in Warsaw complex
CA Immo International and UBM are to develop a 200,000 m[sup]2[/sup] office and warehouse complex in Warsaw's Ursynow district. The Poleczki Business park development is located on a 14-hectare plot and will comprise 17 buildings, including office blocks, a car park and a 3-star hotel with conference facilities. Total investment ...
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PropertyEU Archive
Four skyscrapers set to change Madrid's skyline
Four Spanish property companies are to plough about EUR 1.2 bn into the development of mixed-use towers in Madrid's Ciudad Deportiva district, the plot of land that formerly housed Real Madrid's training center. The four 200-metre structures will change the skyline of the Spanish capital by 2008.
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PropertyEU Archive
Warburg-Henderson launches EUR 1bn European fund
Warburg-Henderson has set up a new European fund, European Core Property Fund No. 1, with a target size of EUR 1 bn. The fund made its first acquisition in Hamburg on Wednesday when it bought a mixed-use office and commercial asset in the town centre. The property is rented to ...
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PropertyEU Archive
Alstria reveals details of IPO
Hamburg-based Alstria Office has announced that it is offering 25.4 million shares, with a price range from EUR 16 to EUR 17.50 a share, in its IPO to retail and institutional investors in Germany and Luxembourg. The offer period runs from 28 March to noon on 2 April.
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PropertyEU Archive
Sama Dubai snaps up Istanbul's largest state-owned plot
Sama Dubai has acquired a 46,000 m[sup]2[/sup] plot of land owned by Istanbul's Transport Authority in the Levent district of the city for $705 mln (EUR 528 mln), Italian news agency Ansa reported. The company, a subsidiary of Dubai Property Group, launched a bid significantly higher than the ones made ...
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PropertyEU Archive
DCM may put EUR 1bn property in G-REIT
Fund manager Deutsche Capital Management (DCM) may become the first company to float a German real estate investment trust (G-REIT), Financial Times Deutschland reported, citing unidentified people from the banking industry. The German lower house of parliament, Bundestag, passed legislation last week to introduce the investment vehicle and the ...
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PropertyEU Archive
Capital Park acquires EuroCentrum in Warsaw
Polish development company Capital Park has acquired the EuroCentrum, a 1.8 hectare mixed-use development site in central Warsaw that includes the 20-storey Alpha Building office tower. Colliers International advised the seller 8 Star.
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PropertyEU Archive
Morgan Stanley fund takes stake in Russian developer
Morgan Stanley Real Estate's Special Situations Fund III has acquired a 25% stake in RBI Holdings, a St Petersburg-based developer active in the residential and retail sectors. The fund made the investment though a dedicated capital increase. The final details were not disclosed. Although Morgan Stanley has had a continuous ...
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PropertyEU Archive
Commerz Grundbesitz invests in 2nd Lyon logistics project
Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), has signed the deed for a logistics project located in Isle d'Abeau near Lyon. This is the second logistics property in Lyon that CGS has purchased since November 2006. The Isle d'Abeau property, intended for CGS's institutional property funds CGS-Immo-Spezial, was sold by Italian wholesale company Caserta ...
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PropertyEU Archive
Catella moves into 'booming' Russia
Phenomenal growth in the Russian real estate investment market and large assignments from clients has led Catella Property Group to open a new office in Moscow. The Swedish property advisor and provider of asset management services said that the Russian market is 'booming' and on the verge of taking off ...
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PropertyEU Archive
Fadesa bets on Morocco
The Moroccan government has granted Spanish property company Fadesa approval to develop a tourist resort on the Atlantic coast of Spain opposite the Canary Islands.
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PropertyEU Archive
Atlas Estates buys EUR 76m property in Warsaw
Property investment company Atlas Estates has bought the Millennium Plaza building in Warsaw for EUR 76 mln, reflecting an initial yield of 8%. The 28-storey property provides some 37.300 m[sup]2[/sup] of office and commercial space. The company also acquired 50% of a 20,640 m[sup]2[/sup] plot of land in Budapest for ...
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PropertyEU Archive
Skanska develops new Stockholm office
Sweden's Skanska is to develop a new office building comprising 30,000 m[sup]2[/sup] of space at Lindhagensterrassen in Stockholm. The investment amounts to EUR 91 mln. The property will be occupied by the insurance company Skandia.
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PropertyEU Archive
Multi Corporation boss De Haan to step down
Arnold de Haan is stepping down from his role as ceo of Multi Development on 1 May 2007. He has agreed to serve as a senior advisor to Multi and its shareholder Morgan Stanley Real Estate Fund V International 'for a certain period', the company said in a four-line press ...
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PropertyEU Archive
Axa Reim buys EUR 55m logistics property
Axa Reim is acquiring two logistic centres in France on behalf of its European Logistics Income Venture fund for EUR 55 mln. The assets, developed by Panhard Developpement, provide some 70,000 m[sup]2[/sup] of logistics space. They are located in Chelles and Brie-Comte-Robert in the northern French region of Seine-et-Marne, French ...
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PropertyEU Archive
Protego and EFM plan EUR 1.65bn Nordic retail fund
Protego Real Estate Investors is seeking to raise EUR 585 mln in equity for its Nordic Retail Fund. When this sum is combined with gearing of up to 65%, the fund will grow to about EUR 1.65 bn. The core plus Euro-denominated fund will invest in a diversified portfolio, primarily ...
