Latest reports – Page 3741
-
PropertyEU Archive
Metrovacesa's break-up gets green light
Spain's stock market regulator CNMV has given the go ahead to Metrovacesa's break-up plan. The CNMV said in a preliminary analysis that the plan 'is consistent with stock-market rules' but added that the associated share tender offers will require further scrutiny and authorization.
-
PropertyEU Archive
Work begins on Adidas warehouse
Construction work has begun on the new 33,444 m[sup]2[/sup] warehousing and distribution centre for sportswear manufacturer Adidas in the UK city of Manchester. The new centre at Trafford Park is part of an ongoing Adidas/Reebok integration plan in the UK. Building work on the 6.3 hectare is scheduled for ...
-
PropertyEU Archive
Safestore raises £209m in IPO
Safestore, the largest self-storage operator in the UK, has raised £209 mln (EUR 307 mln) from floating almost half of the company on the AIM list of the London Stock Exchange. The price of £2.40 per share values the entire Safestore business at £449 mln.
-
PropertyEU Archive
Irish to invest EUR 8bn in European property
Real estate investors in Ireland are expected to spend approximately EUR 8 bn on commercial property assets in Europe this year. Half of the transactions are already under way, according to Henry Cleary, head of real estate at Barclays Bank Ireland. Speaking at the bank's recent European real estate ...
-
PropertyEU Archive
Brinova buys 12% of Fabege
Sweden's property company Brinova Fastigheter has increased its stake in Fabege through the purchase of 2,250,000 shares from Investment Oresund. Brinova controls now 12.3% of Fabege.
-
PropertyEU Archive
Morgan Stanley moves RE business to funds unit
Investment bank Morgan Stanley is moving its real estate investment business, worth some $45 bn (EUR 34.2 bn), from its investment banking division to its money-management unit. News agency Reuters reported that an internal memo sent to Morgan Stanley staff indicated the move will allow the different investing groups to ...
-
PropertyEU Archive
Continental Europe to 'perform strongly' in 2007
Continental Europe is expected to perform strongly in 2007, according to the most recent 'Global Vision' report issued by ING Real Estate. Significant improvements in Continental Europe's real estate investment climate are forecast as a result of a recovering economy and healthy real estate market fundamentals.
-
PropertyEU Archive
CGG acquires Lisbon development
Germany's Commerz Grundbesitz Group (CGG) has acquired the Montijo Retail Park development located in the Montijo quarter of Lisbon through its open-ended property fund hausInvest europa. The transaction value comes to about EUR 30 mln. The Montijo project will cover 17,700 m[sup]2[/sup] of retail space with 350 aboveground and 450 ...
-
PropertyEU Archive
Mirax set for major expansion in Russia
Russia's Mirax Group aims to become the country's leading vendor of offices and business and luxury apartments by 2010, Mirax's chairman Andrei Kletsko told delegates at the Euromoney Conference in London. Kletsko said Mirax, which issued credit notes worth $100 mln last February, plans to create a real estate fund ...
-
PropertyEU Archive
DTZ launches European property fund of funds
DTZ Investment Management is launching a European property fund of funds targeting real estate value-added strategies in core and emerging pan-European markets. Aurora Europe Property Fund will aim to deliver an annual net return to investors of 8%-10%.
-
PropertyEU Archive
Fitzwilliam Securities in Dublin's largest single deal
Barry Lyons and Graham Kerry, partners in Dublin law firm Lyon Kerry, have snapped up 3,500 properties in Dublin in a deal said by market experts to be the largest single transfer of property in the Irish capital in the last 25 years. The portfolio, valued at some EUR 400 ...
-
PropertyEU Archive
Grosvenor buys French commercial portfolio
Grosvenor has acquired a portfolio of 10 commercial properties across France for EUR 24 mln. The assets, covering a total area of 11,000 m2, include six premises with 5,800 m[sup]2[/sup] in Metz, northeastern France, a 1,000 m[sup]2[/sup] building in Chartres and an additional 1,600 m[sup]2[/sup] premise in Morez, eastern France. ...
-
PropertyEU Archive
CBRE fund buys Paris office portfolio
CB Richard Ellis Strategic Partners Europe Fund II has acquired four office buildings in Romainville, a northeast suburb of Paris, from a fund managed by Westbrook. The financial details were not disclosed.
-
PropertyEU Archive
Deutsche Bank to finance Hotel Moskva renovation
Deutsche Bank will finance the reconstruction of the Hotel Moskva in the Russian capital, providing some $600 mln to the hotel's owner Dekmos, Deutsche Bank's vice-president Olga Podoinitsyna said Tuesday in a statement.
-
PropertyEU Archive
LST snaps up 285 Royal Mail assets
Land Securities Trillium (LST) has purchased a portfolio of 285 properties from postal authority Royal Mail for around £70 mln (EUR 103 mln). A total of 108 leasehold properties are vacant and LST will refurbish them with a view to securing new occupiers. The remaining 177 freehold properties will be ...
-
PropertyEU Archive
Spazio's net profit comes to EUR 101m
Spazio Investment, a Netherlands-based investment company targeting Italian industrial real estate assets, said its net profit reached EUR 101.8 mln during its first year as a publicly-listed company. 'The company is planning a strong acquisition programme in 2007 focusing on northern Italy,' Spazio's chairman John Duggan said Wednesday during a ...
-
PropertyEU Archive
Peel unveils £5.5 bn regeneration plan
UK-based property and transport company Peel has unveiled plans for a £5.5 bn regeneration plan in Liverpool, north-west England. The development will comprise almost two million m[sup]2[/sup] and include the creation of over 50 mixed-use buildings, many of which will have more than 50 storeys. The buildings will be self-sufficient ...
-
PropertyEU Archive
Chamartin to develop German malls
Spain's Chamartin plans to step up its presence in Germany with the development of shopping malls under the Dolce Vita brand. The construction company told PropertyEU it is seeking new opportunities in the German market, where it currently has 20 projects located mainly in Berlin. In addition, Chamartin said it ...
-
PropertyEU Archive
Sonae Sierra's net profit reaches EUR 270m
Sonae Sierra's net profit rose 23% in 2006 to EUR 270.6 mln, while EBITDA increased by 20% from EUR 125.7 mln to EUR 150.3 mln, the company said in its full-year 2006 report. The Portuguese commercial property group indicated it will remain focusing on the international expansion of its business ...
-
PropertyEU Archive
Prologis ranked No. 1 in Fortune list
Prologis has been ranked No. 1 in the real estate industry on Fortune's 2007 list of America's Most Admired Companies. Fortune ranked ProLogis first in six out of eight performance categories: innovation, people management, use of corporate assets, quality of management, financial soundness, and long-term investment. ProLogis was evaluated against ...
