Latest reports – Page 3760
-
PropertyEU Archive
Dutch office market sees strong demand
The Dutch office market was characterised by increased demand and falling supply last year, according to a survey published Friday by property adviser Jones Lang LaSalle.
-
PropertyEU Archive
Skanska acquires Stockholm development
Swedish property group Skanska has acquired a plot of land for residential development in Stockholm from construction company Trelleborg Group. The purchase price will amount to about €33 mln and will be based on the assessed development level. Skanska said it will initially pay €11 mln, raising this amount to ...
-
PropertyEU Archive
Land Securities in EUR 756 mln bond issue
REIT-listed Land Securities has announced it will issue EUR 756 mln worth of bonds to reduce the company's debt. The bond will pay 5.12% interest semi-annually and the issue price is 99.898% with an expected maturity date of February 7, 2034, and a final maturity date of February 7, 2036.
-
PropertyEU Archive
Westbury to sell off UK assets
The EUR 267 mln Westbury Property Fund is to sell off about 90% of its property portfolio to focus on its ports business and development projects. The proposed sale, still subject to shareholders' approval, will involve 20 to 22 assets, ranging from multi-let offices, high-street and out-of-town retail to industrial ...
-
PropertyEU Archive
The Gherkin sold in largest UK office deal
Private investment bank Evans Randall has teamed up with German fund manager IVG Asticus to buy a 50% stake in insurer Swiss Re's Gherkin headquarters, located in the centre of London's financial district, for EUR 906 mln.
-
PropertyEU Archive
Oak, Skanska to build Europe's largest leisure development
Aim-listed Oak Holdings announced it has received planning approval for Europe's largest covered leisure development in Rotherham, south Yorkshire, England. The property development and consultancy company will team up with Skanska's UK unit, one of Europe's leading construction services groups, in the construction of YES!, a EUR 530 mln leisure, ...
-
PropertyEU Archive
FCC set for Romanian property venture
Spanish developer FCC is keen to enter the Romanian real estate market this year, according to its European manager Alcibiades Lopez Peron. After having carried out solely infrastructure projects in the country over the last two years, FCC now plans to develop several real estate projects and is already in ...
-
PropertyEU Archive
Prupim seals second Dutch property deal
British property manager Prupim has acquired a landmark office building in the central Dutch town of Amersfoort for EUR 47.5 mln on behalf of the M&G European Property Fund. The complex, which houses the headquarters of supermarket supplier Schuitema, was bought from Mondia Investments and represents Prupim's second deal in ...
-
PropertyEU Archive
Corio to refurbish French and Dutch malls
Property investment company Corio will invest EUR 67 mln in the redevelopment of 't Circus shopping centre in Almere, central Netherlands, and the Cote de Nacre mall in Caen, northern France.
-
PropertyEU Archive
Hilton expands in Germany
Hilton International plans to open up to 40 new hotels in Germany over the next two to three years as part of its European expansion strategy. The hotel group is looking at 15-20 locations for its upmarket Garden Inn format and a similar number for its lower-budget Hampton accommodations, senior ...
-
PropertyEU Archive
Berlin property market hits investment record
Investment in Berlin's property market reached a record EUR 4.3 bn last year, more than double the 2005 figure, according to a report published Thursday.by CB Richard Ellis. Foreign investors were the biggest buyers, ploughing a record EUR 3.3 bn into the markt and accounting for 76% of the total ...
-
PropertyEU Archive
Dawnay Day acquires Hungarian retail portfolio
In the largest sale-and-lease-back deal in the Hungarian retail market, property investment company Dawnay Day Group has purchased 22 Interfruct cash-and-carry stores from the Hungarian developer SCD Group for EUR 82.5 mln. The transaction value represents a net initial yield of 7.8%. International property consultant Jones Lang LaSalle advised Dawnay ...
-
PropertyEU Archive
Alpha Real purchases French properties
Property investment and management company Alpha Real Capital's French unit has acquired a mixed use portfolio from a private investor for EUR 19 mln. The properties, acquired through Alpha Real's investment fund Alpha Pyrenees Trust, are located in Val-de-Marne, south-east of Paris. The portfolio comprises a 6,500 m[sup]2[/sup] office ...
-
PropertyEU Archive
MSREF to 'double its German portfolio'
MSREF intends to at least double its EUR 4 bn property portfolio in Germany in 2007, Morgan Stanley's executive director Boris Schran told German financial newspaper Boersen Zeitung. Schran said the main driver behind expansion in this country was the attractive yield compared to other locations like London.
-
PropertyEU Archive
Neinver poised to develop EUR 125 mln mall
Construction has started for the Galeria Malta shopping mall, where Spanish property company Neinver plans to invest EUR 125 mln. The development will provide 52,000 m[sup]2[/sup] of shopping and entertainment areas, located on an eight-hectare plot near lake Malta in Poznan, central Poland.
-
PropertyEU Archive
Caisse d'Epargne to set up new property fund
Natixis, the corporate and investment banking venture between two French lenders, Groupe Caisse d'Epargne and Groupe Banque Populaire, may spend more than EUR 2 bn on acquisitions, chairman Charles Milhaud told daily Les Echos in an interview.
-
PropertyEU Archive
Credit Suisse buys office project in Stockholm
Credit Suisse Asset Management (CSAM) has acquired the Vasterport office development in Stockholm from the Swedish property development company NCC for about EUR 72 mln.
-
PropertyEU Archive
Ferrovial seeks expansion in Eastern Europe
Spanish construction company Ferrovial is considering various potential acquisitions in Eastern Europe, newspaper El Economista reported, citing unidentified sources close to the real estate group. Ferrovial's favourite countries in the area include Romania, the Czech Republic and Hungary. The group intends to expand initially in the construction and real estate ...
-
PropertyEU Archive
Threadneedle launches first UK authorised property trust
Threadneedle Investments, a leading UK retail investment fund manager, has launched its first UK authorised property unit trust. The Threadneedle UK Property Trust will target a 4% net yield return based on income and capital appreciation primarily through investments in direct property and property-related securities and collective investment schemes.
-
PropertyEU Archive
Bucharest set for further growth
The Bucharest market delivered sharp growth in 2006, with over 100,000 m[sup]2[/sup] in office take-up over the first six months alone, and 70% of space secured on a pre-let basis. This is one of the main conclusions of a new Emerging City Winners report by Jones Lang LaSalle. The global ...
