Latest reports – Page 3742
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PropertyEU Archive
GTC expands further in Croatia
Polish developer Global Trade Centre (GTC) is expanding its Croatian portfolio with the purchase of a 12,000 m[sup]2[/sup] plot of land in the capital city of Zagreb to build a 24,000 m[sup]2[/sup] modern office and shopping complex. The investment value comes to EUR 42 mln.
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PropertyEU Archive
Hypo RE signals German expansion
Hypo Real Estate Holdings intends to increase its business portfolio considerably to become Germany's major specialist for large-volume financing, ceo Georg Funke told German daily Handelsblatt. He said the real estate financing group will expand its infrastructure and asset-based financing, as well as its asset management and securitisation operations. Funke ...
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PropertyEU Archive
Rynda acquires office in Lille
Real estate investment company Rynda Property Investors has acquired a multi-let office in Lille, northern France, from a French subsidiary of Quintain Estates and Development for EUR 19.7 mln. The property was purchased on behalf of Rynda's French fund Rynda en Primeur and is almost fully let, Rynda said.
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PropertyEU Archive
Knight Frank set to invest $1bn in Russia
Property advisor Knight Frank is setting up a fund to invest about $1bn (EUR 762 mln) in offices and shopping centres across Russia's major cities, newspaper Vedomosti has reported. Knight Frank's Rutley Capital Partners will join forces with Duet Private Equity, GVA Sawyer and some other partners to launch the ...
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PropertyEU Archive
Hilton unveils major European expansion plan
Hilton Hotels Corporation (HHC) plans to open 1,000 new hotels in Europe over the next decade. The move is line with its major expansion plan which is expected to add some 2,000 new hotels worldwide, HHC's Tom Keltner told delegates at the International Hotel Investment Forum in Berlin. Hilton will ...
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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 ...
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PropertyEU Archive
IVG to develop offices in Glasgow
IVG's subsidiary Asticus Real estate is to develop two office buildings with a total area of 22,000 m[sup]2[/sup] in Glasgow, Scotland's largest city. The project is to be developed in partnership with the Scottish commercial property company Ediston Properties and will involve an investment of about EUR 110 mln. Completion ...
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PropertyEU Archive
Gazit to develop up to 20 malls in Bulgaria
Tel-Aviv listed Gazit-Globe is planning to spend $260 mln to develop shopping centres in Bulgaria. The company told news agency Reuters it will build between 15 and 20 malls over the next five years in the country. Property acquisition and construction will be managed by the company's unit Gazit Globe ...
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PropertyEU Archive
Delek poised to invest up to £2.2 bn in Europe
Israeli conglomerate Delek Belron has said it is in negotiations for or considering buying some £2.2 bn of real estate in western Europe and Canada. These deals include participation in the purchase of the Marriott Hotels chain and the highway service station operator RoadChef, both in the UK. Listed on ...
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PropertyEU Archive
Cross-border deals swell Europe's investment volumes
Europe has become the world's most active real estate investment market, according to a report issued by global advisor Jones Lang LaSalle. European investment volumes in property rose 44% to $305 bn (EUR 232 bn) in 2006, of which 61% cross-border transactions. Inter-regional investment rose from 34% to 39% of ...
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PropertyEU Archive
Metrovacesa break-up hits Gecina's IPO plan
French Gecina may suspend its plan to consolidate its residential assets in a dedicated unit called Resico to be floated on the stock market. The possible suspension is a result of the 'complex separation agreement between Metrovacesa's main shareholders', Gecina said in a press release on Tuesday. Its shares fell ...
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PropertyEU Archive
Alstria mulls REIT conversion
Hamburg-based Alstria Office is planning to sell shares in an initial public offer (IPO) on the Frankfurt stock market before the summer, the company said. Alstria is seeking to expand its portfolio significantly in the upcoming years and said it will invest between EUR 500-750 mln in property over the ...
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PropertyEU Archive
Corio to issue $1.2 bn senior notes
Dutch property company Corio is to issue $1.21 bn of senior unsecured notes through a private placement to about 30 institutional investors. The senior notes will consist of four tranches with maturities of 7, 10, 12 and 15 years, with a weighted average maturity of about 11 years.
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PropertyEU Archive
Turkey set to raise up to $1 bn from land sale
The Turkish government could raise as much as $1 bn (EUR 761 mln) through the sale of 95,000 m[sup]2[/sup] build-on land in Istanbul's Levent district. Possible buyers include Turkish firms Zorlu Group and Global Yatirim, as well as Israeli tycoon Sami Ofer, Italian news agency Ansa reported. Dubai's Emir Mohammed ...
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PropertyEU Archive
CGI buys Milan business centre for EUR 125m
German open-ended fund Commerz Grundbesitz-Investmentgesellschaft mbH (CGI) is to acquire the Edison Business Centre development located in Milan's office district of Sesto San Giovanni for EUR 125 mln.
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PropertyEU Archive
Doughty Hanson sells business park in Prague
European real estate fund manager Doughty Hanson & Co has sold its Nove Butovice business park in Prague to Czech and Slovak Property Fund BV for EUR 89.5 mln. The site, acquired and developed by Doughty Hanson in 2001, comprises three office buildings with 27,000 m[sup]2[/sup] of space. The site ...
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PropertyEU Archive
LaSalle fund acquires three German DIY stores
LaSalle Investment Management has acquired three DIY stores in northern Germany from retailer Max Bahr. The properties, each providing approximately 10,000 m2, were acquired for the LaSalle German Retail Venture in a sale and leaseback transaction. The purchase price was between EUR 30 mln and EUR 35 mln.
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PropertyEU Archive
Mercialys outlines EUR 955 mln development plan, eyes retail parks
Mercialys, the dedicated property subsidiary of French retailer Gruppe Casino, plans to spend EUR 470 mln on developing new Casino supermarket outlets over the next three years. It will also carry out renovation and extension at existing Casino sites, involving investment of EUR 485 mln up to the end of ...
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PropertyEU Archive
NSI's founder sells stake to Israeli Habas
Nieuwe Steen Investments' founder and chairman Jo Roelof Zeeman has sold its 12% stake to Israel-based Habas Group. Zeeman has raised EUR 95 mln from the sale at EUR 22.24 per share. The interest will be transferred into a new Dutch subsidiary company of Habas, NSI's ceo Anka Reijnen said.
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PropertyEU Archive
GTC to develop retail and offices in Zagreb
The Croatian unit of Globe Trade Centre plans to develop a retail and office complex, Avenue Mall, on a 12,000 m[sup]2[/sup] plot of land it has acquired in Zagreb, the capital of Croatia. The 24,000 m[sup]2[/sup] property will be constructed on Slavonska Avenja, the main entrance road to the city ...
