Latest reports – Page 3748
-
PropertyEU Archive
UK Treasury to earn £1bn REIT 'windfall'
The British Treasury is to earn a £1 bn-plus 'windfall' in 2007 from the conversion charge that property companies must pay when they opt for tax-efficient real estate investment trust (REIT) status, according to a report in a British newspaper.
-
PropertyEU Archive
Sjaelso acquires Swedish development property for EUR 40m
Danish real estate company Sjaelso Gruppen plans to convert a 37,000 m[sup]2[/sup] development property it has acquired in the Swedish capital Stockholm for retail purposes. The company has entered into an agreement through its Swedish subsidiary IBI Sverige to acquire the property at Alvsjo, near one of the largest trade ...
-
PropertyEU Archive
Sodexho quashes rumour of JLL bid
French food and services group Sodexho Alliance has poured cold water on a newspaper report that it was about to make a $5 bn (EUR 3.8 bn) bid for global property advisor Jones Lang LaSalle.
-
PropertyEU Archive
Meinl set to develop EUR 200 mln Istanbul mall
Vienna-listed Meinl European Land has won a public tender to buy a 90,000 m[sup]2[/sup] plot of land in Istanbul for EUR 100 mln. Meinl is planning to develop a EUR 200 mln shopping centre with a lettable area of around 50,000 m[sup]2[/sup] on the site. The shopping centre will be ...
-
PropertyEU Archive
Third of Rotterdam development for offices - official
About 33% of the 400,000 m[sup]2[/sup] development planned in the vicinity of Rotterdam's central train station will be allocated to offices, it has emerged. Last week, a spokesperson for the municipality suggested the vast majority of the space would be used for offices, with the addition of 100 residences ...
-
PropertyEU Archive
Altarea to build Spanish mall
French group Altarea has announced it will invest EUR 31 mln in the development of the Family Village shopping centre in Salamanca, western Spain. Once completed, the mall will provide some 100,000 m[sup]2[/sup] of retail space and 600 parking spaces. The shopping centre specialist said that planning permission have been ...
-
PropertyEU Archive
Redilco, AMB start construction of Siziano park
Italian real estate company Redilco has begun development of the first phase of AMB Siziano business park near Milan in northern Italy. The park is being developed by a 50/50 joint venture between Redilco Group and AMB Property Corporation, a global developer and owner of industrial real estate.
-
PropertyEU Archive
Risanamento issues EUR 220 mln convertible bonds
Italian property company Risanamento, controlled 73% by Luigi Zunino, has successfully completed the issue of EUR 220 mln convertible bonds. Risanamento said in a statement that the proceeds will be used to further strengthen its property portfolio.
-
PropertyEU Archive
Fordgate spends EUR 1.2 bn on Dutch offices
Fordgate, the real estate investment arm of the Gertner family, has bought a major portfolio of Dutch offices from German private bank and closed-end fund initiation business Bankhaus Woelbern. The estimated price tag of EUR 1.2 bn for the portfolio consisting of 72 properties surpasses the EUR 1 bn paid ...
-
PropertyEU Archive
Interest in Repsol tower grows ahead of completion
Colonial's chairman Luis Portillo has said he is planning to enter the bidding to purchase the Repsol development in Madrid 'as soon as the details for the tender are announced'. His comment comes days after Sacyr's chairman Luis del Rivero revealed he is considering acquiring the skyscraper.
-
PropertyEU Archive
Adidas names JLL as global RE advisor
Adidas, the world's second-largest sporting goods company, has appointed Jones Lang LaSalle exclusively to provide transaction management and as preferred supplier for project management and consulting services across its global real estate portfolio. JLL already works for Adidas on over 50 projects worldwide, encompassing transaction management, property development, capital markets ...
-
PropertyEU Archive
CBRE purchases Italian EDConsulting
Global property advisor CB Richard Ellis Group (CBRE) has acquired EDConsulting, a real estate services company in Italy specialising in retail properties. The financial details for this transaction have not been disclosed.
-
PropertyEU Archive
Inmoracal, Colonial merger gets green light from shareholders
Inmocaral's shareholders have voted in favour of the planned merger with Inmobiliaria Colonial at an extraordinary general meeting. The Spanish group told the national stock market regulator CNMV that its shareholders have also voted in favour of a proposed EUR 6.2 mln capital increase.
-
PropertyEU Archive
Metrovacesa's board approves split-up plan
Spain's largest developer Metrovacesa said its management board has approved the proposal to split up the group by the end of the year. Under the plan agreed by Metrovacesa's majority shareholders, Rivero and his investor partner Bautista Soler will become 'reference shareholders' of France's Gecina, in which Metrovacesa holds a ...
-
PropertyEU Archive
TriGranit eyes Poland
Hungarian TriGranit will invest EUR 2 bn in Poland over the next five years, researchers at merchant bank Kempen & Co said, citing an article in Polish newspaper Parkiet. Budapest-based firm will start construction of an office building and a housing development this year. The combined valued of these two ...
-
PropertyEU Archive
Fabege in SEK 800 mln property exchange
Swedish property major Fabege has sold the Racketen 10 property in Alvik, western Stockholm to Carnegie Fastigheter Sverige for SEK 700 mln (EUR 75 mln). The transaction resulted in a realised change in value before tax for Fabege of SEK 60 mln. Fabege is to retain a small portion of ...
-
PropertyEU Archive
Russian Mian enters Bulgaria
Russian consortium Mian has entered the Bulgarian commercial property sector through the purchase of a 5,000 m[sup]2[/sup] plot of land in Sofia for EUR 10 mln. The group, with assets valued at EUR 670 mln, said it will develop an office complex with a 24,000 m[sup]2[/sup] build-on area on the ...
-
PropertyEU Archive
US investor buys into London hotel joint venture
Chicago-based private real estate investor Walton Street Capital has purchased a 50% interest in the joint venture that owns the Morgan Hotel group's two London hotels - Sanderson and St Martin's Lane. The stake was purchased from MHG's previous partner, Burford Hotels, for $52 mln (EUR 40 mln).
-
PropertyEU Archive
Metrovacesa may delist shares before split up
Metrovacesa's share price fell 8.4% as trading resumed after a suspension on Monday when plans to split up Spain's largest property company in two groups were announced. The plan valued Metrovacesa at EUR 76.7 per share, while the company's share price closed at EUR 118 last Friday.
-
PropertyEU Archive
Meinl expands further in Turkey
Austrian-based Meinl European Land (MEL) will pay about EUR 122 mln for 90,000 m[sup]2[/sup] of land on the Asian side of Istanbul, Turkish newspaper Vatan reported. MEL has been awarded the property by the state-run Emlak Konut Gayrimenkul Yatirim Ortakligi and may develop a shopping centre and a residential complex ...
