Latest reports – Page 3761
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PropertyEU Archive
Scamp buys two London offices
Investment and development company Scamp Holdings has purchased two office buildings in London for EUR 98 mln. The properties provide some 11,600 m[sup]2[/sup] of lettable area and were acquired from Pinder Fry Investment Fund and a private client of property investment consultant Lewis & Partners. The deals reflect a 5% ...
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PropertyEU Archive
Pradera European Fund expands further in Italy
Property management company Pradera announced it has acquired the Tuscia shopping centre in Viterbo, central Italy, on behalf of its Pradera European Retail fund II. The exact price of the transaction was not disclosed, but head of Italy at Pradera Roberto Limetti told PropertyEU that the 'transaction is valued sat ...
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PropertyEU Archive
Alstria Office purchases German portfolio
Property company Alstria Office has acquired a German portfolios consisting of eight office buildings from the real estate fund UBS (D) Euroinvest. The financial details of the transaction have not been disclosed.
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PropertyEU Archive
Vastned O/I share issue generates EUR 50 mln
Vastned Offices/Industrial announced yesterday it has successfully placed 1,683,502 ordinary shares for a total value of EUR 50 mln. The shares were sold at a price of EUR 29.70 each, which is equivalent to the share closing price on Tuesday, the Rotterdam-based property investor said in a press release. Vastned ...
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PropertyEU Archive
Multi Development's Polish mall gets approval
Gdansk-based Multi Development Poland announced it has received planning approval for the construction of the Forum Koszalin shopping centre on the southern edge of the city of Koszalin in northern Poland. Multi Development said in a press release that the mall will be the biggest retail and leisure centre in ...
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PropertyEU Archive
Credit Foncier eyes Hungarian expansion
Credit Foncier de France, the real estate financing arm of Paris-based Groupe Caisse d'Epargne, will make a EUR 150 mln offer for Hungary's Ella Bank, French daily La Tribune has reported, citing an unidentified source. Credit Foncier began talks with the lender a year ago, the newspaper said. It is ...
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PropertyEU Archive
Orco plans Slovakian development
Luxemburg-based Orco Property Group intends to invest about EUR 20 mln developing a modern mixed-use complex in Bratislava, the capital of Slovakia, on the Stein Brewery site acquired last December. The project, covering a 1.6-hectare area, will include residential premises, civil infrastructure and possibly a hotel.
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PropertyEU Archive
TriGranit targets Russian real estate
Budapest-based TriGranit will spend EUR 5.5 bn developing Russian real estate and is considering an initial public offering in Moscow. 'Russia is a difficult and complicated market, but it is developing fast and opportunities are enormous', the property developer said.
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PropertyEU Archive
C&W continues European expansion
Cushman & Wakefield's global turnover rose by 23% in 2006 to a record $1.5 bn (EUR 1.1 bn), compared to a 21% increase in 2005. Turnover from operations in Europe, the Middle East and Africa rose by 29.4% to EUR 321 mln, with profits increasing by 52.2%.
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PropertyEU Archive
Multi Development starts Forum Como
Dutch project developer Multi Development has started construction of Forum Como, a project regenerating a former industrial area in the city of Como in northern Italy. The complex is scheduled to open in 2010.
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PropertyEU Archive
Strategic Value Partners buys EUR 210 mln portfolio
American hedge fund Strategic Value Partners has purchased a German mixed-use portfolio for about EUR 210 mln. The Capri assets comprise eight properties spread across Berlin, Hamburg, Essen and Lubbenau providing a total space of 235,000 m[sup]2[/sup]. Approximately 48% of the properties are residential units, 34% consists of commercial business ...
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PropertyEU Archive
Atlassib set to develop hotels in Romania
Romania-based Atlassib group is in talks to acquire two plots of land in Bucharest, on which the group intends to develop two four-star Ramada hotels in spring 2007. 'We are in the final stages of negotiation to acquire a plot of land in the centre of the capital and another ...
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PropertyEU Archive
SCBSM buys EUR 150 mln property company
French Societe Centrale des Bois et Scieries de la Manche (SCBSM) is acquiring a real estate company with a property portfolio of about EUR 150 mln, newspaper Business Immo has reported. Some 45% of the portfolio comprises shopping centres in the Paris region, 24% of retail parks and 28% of ...
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PropertyEU Archive
TKP invests EUR 52 mln in Standard Life's retail fund
Insurer Aegon's subsidiary TKP Pensioen announced it has invested EUR 52 mln in Standard Life's EUR 2.8 bn UK shopping mall fund, therefore becoming the first overseas investor in the retail fund. TKP's head of real estate Robert-Jan Tel said that the Netherlands-based pension group is willing to further invest ...
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PropertyEU Archive
Germany set to reform open-ended property funds
The structure of Germany's open-ended property funds is set to change radically in the wake of a draft bill submitted by the German finance ministry to reform the investment act which currently regulates the criteria of this type of fund. Under the new legislation existing open-ended property funds will ...
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PropertyEU Archive
St James, Tesco's revamp scheme gets approval
Tesco, the largest supermarket group in the UK, and St James Investment have received planning consent from the local authorities for a 10.8-acre regeneration scheme to be developed in Woolwich town centre.
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PropertyEU Archive
Jones Lang La Salle opens Romanian office
International property advisor Jones Lang La Salle yesterday announced it has opened a new office in Bucharest, Romania. The new addition follows seven other new offices opened over the last year in Dubai, Rome, London Heathrow, Zaragoza in Spain, Kiev in Ukraine and Kazakhstan capital's Almaty.
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PropertyEU Archive
Urbas set to merge with Costa Rey, Guadahermosa
Urbas' shareholders have approved its merger with Spanish real estate groups Costa Rey and Guadahermosa. The property group also approved a plan to raise about EUR 46 mln through the sale of 71.8 million new shares at a nominal value of EUR 0.64 each, the company said in a regulatory ...
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PropertyEU Archive
Rodamco Europe divests Frankfurt shopping centre
Rodamco Europe has agreed to divest 'Zeilgalerie' shopping center in Frankfurt, Germany to Signature Capital, an Irish based real estate company, for EUR 42.5 mln. The selling price represents a net initial yield of 5.3% and is 'well above latest book value', Rodamco Europe said in a press release.
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PropertyEU Archive
Keops to sell EUR 943 mln of Swedish assets
Denmark-based Keops has announced it intends to sell real estate assets for a total amount of EUR 943 mln during the first quarter of 2007. Since 2004, the Danish property developer and investor has acquired Swedish real estate with a total value of EUR 2.6 bn . The acquisitions in ...
