Latest reports – Page 3736
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PropertyEU Archive
Blackstone's IPO u-turn intrigues market
Reports that private equity group Blackstone is working intensively on an initial public offering of up to 10% of the firm continue to tantalise market watchers. It has been estimated that a public offering could value Blackstone at more than $20 bn. Yet, Stephen Schwarzman, Blackstone's ceo, is on record ...
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PropertyEU Archive
Malcolm Group leases logistics space in Glasgow's Westway
London-based property company Moorfield has clinched the single largest letting deal to date at its Westway complex in Glasgow. The Malcolm Group, described as Scotland's largest distribution company, has leased a total of 10,498 m[sup]2[/sup] (113,000 square feet) in Block K at Westway for £3.29 per square foot. Property advisor ...
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PropertyEU Archive
Halverton acquires Dutch offices for H20 fund
Halverton Real Estate Investment Management has completed its first acquisition in the Netherlands for its H20 fund which is focused on multi-let office buildings in Europe. The fund is currently backed by BGP UK Investments and its target is EUR 1 bn in property investments. The first Dutch acquisition is ...
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PropertyEU Archive
CapMan acquires warehouse in Tampere
Private equity real estate fund CapMan RE II has acquired a property located at Viinikankatu 49 in the Finnish city of Tampere. The complex, dating from 1968, comprises 10,000 m[sup]2[/sup] of almost fully let commercial and warehouse space. The financial details of the transaction were not disclosed. 'CapMan RE II ...
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PropertyEU Archive
Singapore commits EUR 75m to RE in provincial France
The government of Singapore has committed EUR 75 mln to Rynda en Primeur, a fund that invests in real estate in provincial areas of France. The fund is managed by Rynda Property Investors and has already acquired EUR 128 mln in assets. Singapore made the investment through its real estate ...
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PropertyEU Archive
Park Inn opens at Liege Airport
Rezidor Hotel Group has opened the first Park Inn hotel at Liege Airport - also the first Park Inn in the Benelux region. The Park Inn Liege Hotel has 100 rooms, increasing the total number of new Rezidor rooms opened in 2007 to 2,500. Between 2007 and 2009, Rezidor will ...
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PropertyEU Archive
Freeport recommends Carlyle EUR 227m takeover bid
Freeport, a UK developer and operator of retail outlet shopping centres in Europe, has backed a £155.3 mln (EUR 227 mln) offer from private equity firm Carlyle. The announcement of the 410 pence cash offer from CEREP Investment I SARL, which is owned by Carlyle, came as a surprise to ...
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PropertyEU Archive
W.P. Carey completes German sale and leaseback financing
W. P. Carey International has provided approximately EUR 31 mln in long-term financing through the sale and leaseback of three manufacturing facilities owned by Gortz+Schiele, a German manufacturer of precision engine blocks in Germany, the US and Mexico.
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PropertyEU Archive
Delek Global announces EUR 1bn AIM placement
Delek Global Real Estate (DGRE) is to issue 22% of its share capital to institutional investors in a private placement on London's Alternative Investment Market (AIM). The company is part of the Israeli group Belron International. It plans to offer the shares at 225p to 290p, valuing the company at ...
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PropertyEU Archive
Land Securities backs Global Cities exhibition
Land Securities, the largest real estate investment trust (REIT) in the UK, is sponsoring an international architecture-themed exhibition at London's Tate Modern gallery. The Global Cities exhibition will highlight the 'growing global influence of the world's mega-cities', Land Securities said in a statement. The exhibition will feature four leading ...
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PropertyEU Archive
KPMG merges RE, hedge fund and infrastructure activities in new unit
KPMG has brought its hedge fund, real estate and infrastructure businesses together in an 'Alternative Investment Group'. Tony Rocker, the head of the new unit, said that the alternative investment market is at a turning point. 'The demand for assets and investment opportunities means the barriers between traditionally separate sectors ...
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PropertyEU Archive
Developers buy 'Ireland' on St Patrick's Day
An Irish business consortium has purchased the island of Ireland in 'The World' project off the coast of Dubai from real estate developer Nakheel Properties for AED 142 mln (EUR 29 mln). The announcement of the sale was timed to coincide with St Patrick's Day on 17 March.
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PropertyEU Archive
Re-born WTC tower wins special award at MIPIM
The new 7 World Trade Center in New York has been awarded the Special Jury Award at the prestigious awards ceremony held at the MIPIM property fair in Cannes.
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PropertyEU Archive
Orco receives permit for Berlin project at Cannes
The German unit of Luxembourg-based Orco Property Group has been presented with the construction permit for the Fehrelliner residential development. The project will comprise flats, lofts, penthouses and townhouses in Berlin Mitte.
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PropertyEU Archive
Primary Health Properties to raise funds for growth
Primary Health Properties has said that it will raise £38.6 mln (EUR 56.5 mln) to fund further growth. The financing will be raised through the issue of 9.3 million shares to institutional investors and qualified shareholders at a price of 430 pence per share.
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PropertyEU Archive
KarstadtQuelle denies plans to sell stores
German retailer KarstadtQuelle has denied that it had plans to dispose of stores. The company made the statement on Friday after the Financial Times Deutschland reported that up to 30% of its 90 department stores could be sold. 'These stores are not for sale or closure,' a KarstadtQuelle spokesman ...
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PropertyEU Archive
Balfour Beatty picked for Liverpool Project
British construction and engineering group Balfour Beatty has been awarded £111 mln (EUR 162 mln) in design-and-build contracts from privately-held property group Grosvenor for a multi-use development project in Liverpool. The Liverpool Paradise Project, next to Paradise Street in downtown Liverpool, makes up a significant portion of Grosvenor's 42-acre ...
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PropertyEU Archive
Mirland may expand to Russian hotels and logistics
Russia-focused property developer Mirland Development is considering expanding its activities in Russia to include hotels and logistics. The developer, which was floated on the London Stock Exchange in December 2006, pointed to a lack of first-class international hotels in Moscow, St. Petersburg and the other Russian cities with populations over ...
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PropertyEU Archive
AXA REIM acquires insurer's HQ for EUR 101 mln
AXA REIM has acquired the headquarters of insurance company Agis in the Dutch city of Amersfoort for the property fund AXA Immoselect. The investment volume for the transaction comes to approximately EUR 101 mln.
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PropertyEU Archive
The winners of the 2007 MIPIM Awards are...
Property developments in Belgium, Spain, Germany, the UK and Sri Lanka scooped the prizes at the MIPIM Awards in Cannes. The categories are: refurbished office buildings, business centres, shopping centres, hotel & tourist resorts and residential developments. Here is a list of the winners:
