Latest reports – Page 3737
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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
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
Banif acquires Paris office
Group Santander's Banif Banque Privée unit has purchased a building in the 12th arrondissement of Paris from international property group Tishman Speyer for EUR 125 mln. The property, acquired in partnership with another investor, comprises about 24,000 m[sup]2[/sup] of office space and 339 parking spaces, French newspaper Business Immo reported. ...
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PropertyEU Archive
HDG buys in Germany, launches Bristol project
HDG Mansur's London office has completed the acquisition of two office buildings in Germany on behalf of the HSBC Amanah Global Properties Income Fund for EUR 48.5 mln. HDG Mansur purchased the 23,600 m[sup]2[/sup] portfolio from German developer Calliston.
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PropertyEU Archive
Beni Stabili completes Comit Fund disposal
Beni Stabili has sold a property in Milan for EUR 22 mln, realising a EUR 12 mln capital gain. The asset, originally bought for EUR 6.9 mln, was previously part of the Comit portfolio, the company said in a press release. The transaction is part of Beni Stabili's ...
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PropertyEU Archive
India's Reliance eyes Carrefour stake
Reliance Industries, India's largest private sector group, may buy a 13% stake in French retailer Carrefour, the Financial Times has reported, citing an unnamed person familiar with the situation. The 13% stake is owned the Halley family, the French company's largest shareholder. The family is said to be divided ...
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PropertyEU Archive
Actys to manage Irish group's Dutch portfolio
Actys is to takeover the management of the entire Dutch property portfolio of the Irish investor Blackrock International Land. The portfolio consists of office buildings in
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PropertyEU Archive
Evan Randalls seeks partners to buy trophy buildings
UK investment bank Evan Randalls is actively seeking joint venture partners to buy 'super trophy' real estate investments over the coming year in the wake of its joint purchase last month of the Gherkin in London for EUR 950 mln. The joint venture route will enable the company to acquire ...
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PropertyEU Archive
Warehouse developers eye multimodal hubs
Multimodal hubs are growing in importance as warehousing locations. That was one of the key conclusions of a seminar entitled 'Logistics warehouses in Europe: the next challenges' held at the Mipim property fair in Cannes yesterday. At present, most goods are transported by truck, but the costs of road transport ...
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PropertyEU Archive
Gazit Globe acquires Dusseldorf commercial centre
Israeli Gazit-Globe has bought a 10.000 m[sup]2[/sup] commercial centre in Düsseldorf, Germany, for EUR 20 mln. The acquisition 'is in line with our strategy of establishing a leading business platform in Germany with a focus on urban areas,' Gazit-Globe Europe's president Amir Gal said in a statement. 'This acquisition marks ...
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PropertyEU Archive
HDG to acquire logistics centres in Rotterdam
International property company HDG Mansur has committed to the purchase of two large logistics developments in the Dutch city of Rotterdam. One of the projects will provide 20,000 m[sup]2[/sup] of lettable space. The other will have 30,000 m[sup]2[/sup]. The financial details of the sale on completion transaction were not disclosed.
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PropertyEU Archive
Beni Stabili looks for opportunities to spend EUR 1 bn
Beni Stabili could invest up to EUR 1 bn for acquisitions as it is actively looking for new opportunities in the property sector, ceo Aldo Mazzocco has told analysts. Mazzocco said that the debt-equity ratio of the group will remain at a good level during this anticipated acquisition spree. The ...
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PropertyEU Archive
Travelodge invests in London hotels ahead of Olympics
Budget hotel chain Travelodge said that it was investing £140 mln (EUR 205 mln) to build 20 new hotels and 3,500 rooms in London in time for the 2012 Olympic Games, in an expansion it says will make it the city’s largest hotelier. The expansion will double the ...
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PropertyEU Archive
PEPR adds 15 distribution facilities to portfolio
Prologis European Properties (PEPR) quoted on the Euronext stock exchange said that it would purchase a portfolio of properties for a total of EUR 215.4 mln from its founder, Denver-based Prologis. The properties acquired consist of 15 newly constructed and fully-leased distribution facilities in Belgium, the Czech Republic, France, Germany, ...
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PropertyEU Archive
Macquairie fund moves into National Car Parks
An infrastructure fund of Austrialia's Macquairie Bank agreed to purchase the car-parking facilities of National Car Parks for £790 mln (EUR 1.15 bn) from private equity firm the 3i Group. National Car Parks is the market leader in the U.K. with 850 car parks providing a total of ...
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PropertyEU Archive
Green debate gets real at Mipim
A marginal topic just two years ago, sustainability was very firmly on the agenda at this year's Mipim property fair. In one of a series of talks on the link between sustainability and property at this years event, chaired by the Intelligent Building Group, the discussion moved to a ...
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PropertyEU Archive
Immofinanz invests in Romanian mall
Austrian property company Immoeast, a unit of Immofinanz, has acquired a shopping centre project in Costanta, Romania for an investment of EUR 185 mln. Construction of the 90,000-m[sup]2[/sup] space will begin in the summer of 2007, with completion expected in the autumn of 2008. The transaction is ...
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PropertyEU Archive
Ernst & Young hired for three G-REIT launches
Professional services firm Ernst & Young has secured three engagements to help three German real estate companies float on the stock market and convert to a tax-efficient real estate investment trust (REIT). German legislators are working out the fine print of the legislation and the German or G-REIT is likely ...
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PropertyEU Archive
Office property takes off as EU economy recovers
Demand for office space in major cities across Europe has continued to rise in the last six months, and this trend is expected to continue into 2007, according to the European Office Market Review by the international advisor GVA Worldwide. Improvement in economic conditions across the continent is boosting the ...
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PropertyEU Archive
DEGI purchases Parisian properties in trade-off
DEGI International Fund has acquired five connected office buildings and two residential properties located at 4-8, rue Condorcet in the ninth arrondissement of Paris, for EUR 142 mln. The portfolio provides some 25,137 m[sup]2[/sup] of space let entirely to gas company Gaz de France. The transaction was part of a ...
