Latest reports – Page 3744
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PropertyEU Archive
US property derivatives market to launch
Four of the world's largest banks are teaming up to launch the first US commercial property derivatives market. The lenders, including Credit Suisse, Goldman Sachs, Merrill Lynch and Bank of America, will work together with the National Council of Real Estate Investment Fiduciaries (NCREIF) to create a trading platform ...
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PropertyEU Archive
Private equity groups face Sainsbury bid ultimatum
The private equity consortium at centre of the takeover speculation surrounding UK supermarket group Sainsbury is facing an ultimatum to make a formal bid in the next few days or back off. The UK's Observer newspaper reported on Sunday that the Takeover Panel is to call the consortium, consisting of ...
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PropertyEU Archive
Construction starts for Roncade's outlet centre
Gruppo Basso's subsidiary Lefim has begun construction of its EUR 80 mln Roncade Outlet Gallery near the Italian city of Venice. Roncade will be the first outlet centre in Italy's Veneto region.
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PropertyEU Archive
Lend Lease tipped to develop £5bn Olympic site
Australia-based property group Lend Lease is poised to win more than £5bn (EUR 7.3) of development work on the London 2012 Olympic Village and the adjoining Stratford City urban renewal project, The Financial Times newspaper has reported, citing the Olympic Delivery Authority's ceo David Higgins.
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PropertyEU Archive
Natixis, Eurohypo finance UBS purchases for EUR 350 mln
French bank Natixis and its German peer Eurohypo have provided a EUR 350 mln loan to UBS Wealth Management Continental European Property Fund for the purchase of two office buildings in Frankfurt, Germany. The assets, acquired last year, include the Alkame building and the 38-storey 43,000 m[sup]2[/sup] Skyper tower. The ...
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PropertyEU Archive
Inmoracal set to list up to 20% of SFL
Spanish property group Inmocaral is planning to list between 15-20% of its French unit Societe Fonciere Lyonnaise (SFL) on the Paris stock exchange to ensure more liquidity, Spanish daily La Gaceta reported, citing ceo Mariano Miguel. The company will place the stake to abide by new French regulations stating that ...
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PropertyEU Archive
Sanahujas make offer for Metrovacesa shares
Metrovacesa's majority shareholder the Sanahuja family has announced it will launch a cash offer for all Metrovacesa share that minor shareholders decide not to exchange for stock in Metrovacesa's French unit Gecina, as part of process of splitting up Metrovacesa.
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PropertyEU Archive
IIB and SEDCO sell prime London office for EUR 312m
Bahrain-based International Investment Bank (IIB) and the Saudi Economic Development Company (SEDCO), a private Islamic investment firm in Saudi Arabia, have announced the sale of the 25,000 m[sup]2[/sup] office building located at 33, Grosvenor Place in the prestigious Belgravia area of London for $409 mln (EUR 312.4 mln). The identity ...
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PropertyEU Archive
Corio purchases Turkish mall
Corio is to invest some EUR 50 mln in the purchase of Adacenter shopping mall currently under development in Adapazari, north-western Turkey. In addition, the company has been invited to take a 7% stake in the large-scale Acibadem project which is to be developed in the Asian side of ...
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PropertyEU Archive
Patron Capital raises EUR 895m for its LP III fund
London-based private equity investment advisory firm Patron Capital has announced the closure of its third private equity fund, Patron Capital L P III, with total commitments of EUR 895 mln. Launched last December, Fund III is focusing on investments in real estate across a range of property assets in western, ...
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PropertyEU Archive
GE RE acquires fourth mall in Slovakia
GE Real Estate has acquired a shopping centre in the western Slovak town of Nitra from local developer EuroMAX Slovakia for EUR 23 mln. The mall, anchored by local food chain Terno, provides some 15,000 m[sup]2[/sup] of retail space including 90 stores and a multiplex cinema.
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PropertyEU Archive
VER to invest up to 10% in real estate funds
Finnish state pension fund VER is planning to increase its exposure to real estate and private equity funds to as much as 10%, the fund's managing director Timo Loyttyniemi told IPE real estate. The EUR 10.3 bn fund increased its alternative exposure from 1.3% to 4.1% last year, and ploughed ...
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PropertyEU Archive
IPI share trading suspended after arrest
Italian real estate investor Danilo Coppola was arrested on Thursday for suspected money laundering and embezzlement in relation to a bankruptcy case. Coppola is the chairman and ceo of the Italian listed real estate company IPI. Trading in the company's shares was suspended. IPI stated it wasn't aware of the ...
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PropertyEU Archive
Befimmo's portfolio up EUR 745m in 2006
Brussels-based real estate investment firm Befimmo said the total value of its portfolio reached EUR 1.8 bn last year, up EUR 745 mln in 2005. The large increase in value follows the purchase last December of 90% of the state-owned Fedimmo's portfolio for EUR 725 mln. Befimmo said it is ...
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PropertyEU Archive
Eurohypo to plough EUR 1.5 bn in Turkey
Real estate mortgage bank Eurohypo is considering investing as much as EUR 1.5 bn in Turkey in 2007, according to ceo Bernd Knobloch. The bank, which entered the Turkish market 15 months ago, invested some EUR 600 mln last year, 2% of its total trade volume, he told the Turkish ...
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PropertyEU Archive
Czech National Bank paves way for RE funds
The Czech National Bank (CNB) has issued a long-awaited certificate to enable banks in the country to launch real estate funds for small investors, with the first one to be set up as early as March 2007 by Ceska Sporitelna Bank' investment vehicle Reico. Speculative trading in real estate has ...
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PropertyEU Archive
Henderson snaps up Parque Miramar
Henderson Global Investor has entered Spain with the purchase of 50% of the Parque Miramar site, including a shopping centre and retail warehouse park with a combined asset value of EUR 200 mln. London-based Henderson has been advised by global consultant Cushman & Wakefield.
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PropertyEU Archive
RCapital invests EUR 30m in Paris hotel
Luxembourg-domiciled property fund RCapital, headed by Umberto Ronsisvalle, has acquired the Holiday Inn Paris Opera hotel in the heart of the French capital for EUR 30 mln, Italian newspaper IlSOle24Ore has reported.
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PropertyEU Archive
Fintecna to auction 19 state buildings
Fintecna, a state-owned company operated by the Italian treasury, has put 19 real estate premises up for sale, Italian newspaper Il Sole24Ore has reported. The properties include the prestigious 11,500 m[sup]2[/sup] Litta building at Corso Magenta in Milan and Lavoro building - Palazzo del Lavoro, in Turin, designed by Pierluigi ...
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PropertyEU Archive
Invista buys Galaxy leisure centre
Invista Real Estate, the largest listed property investment manager in the UK, has acquired the Galaxy leisure complex in the southern English city of Luton for £21 mln (EUR 30.9 mln) on behalf of Invista Foundation Property Trust. The centre is home to a 10-screen cinema, a bowling alley and ...
