Latest reports – Page 3734
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PropertyEU Archive
Multi opens shopping centre in Wiesbaden
The German arm of Dutch-based Multi Development has opened a new shopping centre, Lilien-Carre, in Wiesbaden, the capital of the German state of Hesse. One third of the 26,000 m[sup]2[/sup] of available space has been let to retailers who did not have a previous presence in the city. The Lilien-Carre ...
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PropertyEU Archive
Tishman Speyer snapped up Telecom HQ
Global property owner Tishman Speyer has won a public tender for the Telecom head office located in Milan for EUR 82 mln. Tishman Speyer competed in the tender with other prominent groups such as Beni Stabili, Pirelli RE, the Carlyle Group, Generali Property Investments and Gruppo Ligresti.
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PropertyEU Archive
Immoeast buys mall for EUR 185m
Austrian listed real estate company Immoeast has bought a 90,000 m[sup]2[/sup] shopping mall project in the Romanian port city of Constance for EUR 185 mln. The mall will be developed by Hungarian builder Trigranit, in which Immoeast has a 25% interest. Construction is to start next summer, with completion scheduled ...
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PropertyEU Archive
Rayet unveils EUR 350m European hotel plan
Spanish property company Rayet and hotel company In Hotels & Real Estate have set up a joint venture to invest more than EUR 350 mln in luxury hotels in major European cities. A Rayet spokesperson told PropertyEU that the company is planning to develop or acquire five-star hotel sites in ...
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PropertyEU Archive
Spanish builder spends EUR 1.26bn on Hochtief stake
Actividades de Construccion & Servicios (ACS) is investing EUR 1.26 bn to acquire a 25% interest in construction company Hochtief from the company's largest investor August von Finck. Spain's biggest construction company offered EUR 72 per share for its German rival in a move to reduce its reliance on the ...
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PropertyEU Archive
Trenport acquires Peugeot site
The 66-hectare Peugeot site in Coventry, England, has been sold to Trenport Investments for a sum believed to be in the region of £60 mln (EUR 88.2 mln).
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PropertyEU Archive
Corio to give French offices EUR 120m facelift
Dutch listed property company Corio is to redevelop office building 'Le Newton' in Clamart, 10km southwest of Paris. The 12,000 m[sup]2[/sup] property was built in the mid 1960s and has been part of Corio's portfolio since 1999. Corio received planning permission to build a new 42,000 m[sup]2[/sup] modern office building ...
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PropertyEU Archive
Tesco, British Land unveil £650m joint venture
British retail giant Tesco has teamed up with UK's second largest property company British Land in a £650 mln (EUR 956 mln) sale and leaseback joint venture. The partnership involves 21 Tesco superstores, or about 3% of the total. Tesco aims to release value to fund its growth strategy.
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PropertyEU Archive
GE and Paradigm snap up 148 Kwik-Fit centres
GE Real Estate UK and Paradigm Real Estate Managers (PREM) have joined forces to acquire 148 Kwik-Fit garage services centres for £103.7 mln (EUR 151.6 mln). The portfolio, which is located across several UK town centres, has been purchased through a sale-and-leaseback transaction. The assets are let to Kwik-Fit UK ...
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PropertyEU Archive
LLC Arsenal's mall in Moscow gets approval
Moscow's mayor Yuri Luzhkov has granted approval to construction company LLC Arsenal for its retail complex development in the southern administrative district of the Russian capital. The scheme will be developed on a 1.1-hectare area and will comprise 34,220 m[sup]2[/sup] of retail space. It will include a Russkoe Bistro national ...
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PropertyEU Archive
Siberian Crown set for expansion in Russia
Restaurant chain Rosinter and Sun InBev, owner of the Siberian Crown beer restaurant chain, have signed an agreement to expand Siberian Crown in Russia. Under the deal, the chain will acquire sites in Samara, Togliatti, Sochi, Krasnodar, Kazan, and Tobolsk as well as in 'any other cities agreed upon ...
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PropertyEU Archive
CGG opens offices in Paris and Amsterdam
Commerz Grundbesitz Group (CGG) continues its international expansion by opening offices in Paris and Amsterdam. In France and the Netherlands, CGG already manages a real estate portfolio worth about EUR 4 bn. Altogether, the groups manages real estate assets valued at EUR 12 bn.
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PropertyEU Archive
Capital & Regional in £3 bn shopping spree
UK retail property company Capital & Regional is considering investing up to £3 bn (EUR 4.4 bn) on shopping centres to double the value of its flagship Mall fund. The British group is reportedly in talks with institutions to raise up to £500 mln to fund the first stage of ...
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PropertyEU Archive
ING RE sells German mall for EUR 100m
ING Real Estate Development has sold the Canstatter Carre shopping centre in the southern German city of Stuttgart to property fund Encore+ for about EUR 100 mln. The mall comprises 37,000 m[sup]2[/sup] of lettable area, including 15,000 m[sup]2[/sup] of office space and 730 parking spaces. The anchor tenants are food ...
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PropertyEU Archive
Dawnay Day set to invest EUR135m in Romania
Dawnay Day, a British investment and financial services group, has said it will invest EUR 135 mln in two real estate projects in Cluj-Napoca and Arad, western Romania, within the next two years, Romanian newspaper Ziarul Financiar has reported. The Cluj-Napoca project, located in the city centre, will include a ...
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PropertyEU Archive
Hansteen stakes out place in continental Europe
European property investor Hansteen has acquired £150 mln (EUR 221 mln) of property at yields in excess of 8% per annum since it was incorporated and listed on London Stock Exchange's AIM market in November 2005. Hansteen was established by Ian Watson and Morgan Jones who were previously founders ...
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PropertyEU Archive
IVG acquires French office
German property company IVG Immobilien has acquired a 25,000 m[sup]2[/sup] office development in Asnieres, central France, from peer Eiffage Immobilier. The so-called Front Office building, designed by the architecture company MP&A, is planned for delivery in 2009, French paper Business Immo reported. The financial details of this transaction have not ...
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PropertyEU Archive
Riofisa to develop Madrid business park
Spanish property company Riofisa has acquired a plot of land in Madrid's Fernando de Henares district and is planning to develop a new business park on the site for a total investment of EUR 81 mln. The park will include some 56,540 m[sup]2[/sup] of space for logistics, industrial and office ...
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PropertyEU Archive
Corio takes interest in two Istanbul malls
Corio, the Amsterdam and Paris listed property company, is to take stakes in two shopping centres under construction in Istanbul. The acquisitions fit into its strategy to build a critical mass in Turkey, one of its core markets, the company said. The first agreement involves Corio and Akis, a shareholder ...
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PropertyEU Archive
JLL forecasts sun for 12 key RE markets
With $5 of investment chasing every $1 of product, 2007 should be another strong year for investment markets, according to Tony Horrell, ceo of European capital markets at Jones Lang LaSalle. 'Returns will continue to be attractive as investor interest in established markets remains strong and tomorrow's emerging markets get ...
