Latest reports – Page 3763
-
PropertyEU Archive
Advisors see UK property boom ending
The commercial property boom in the UK may be finally ending, as new data suggests that prices started to fall in the latter part of 2006.
-
PropertyEU Archive
HSBC to sell Canary Wharf HQ
Banking giant HSBC is planning to sell and leaseback its headquarters building at Canary Wharf for £800 mln (EUR 1.2 bn). The deal is being touted as the biggest ever in Britain, with some observers saying the sale price may reach as much as £1bn.
-
PropertyEU Archive
Toyoko in European hotel joint venture
Japanese hotel group Toyoko Inn has teamed up with Irish investor Frank Gormley of Howard Euroscape to expand the chain in Europe. The first phase of the contract is worth EUR 100 mln and involves the acquisition and development of five sites that will be leased back to Toyoko Inn, ...
-
PropertyEU Archive
EOP shareholders advised to back Blackstone
Shareholders of Equity Office Properties (EOP) have been advised to accept the enhanced buy-out offer made by private equity group Blackstone for EOP.
-
PropertyEU Archive
Develica acquires retail properties for EUR 48 mln
AIM-listed German property company Develica Deutschland has exchanged contracts to acquire a fully-let retail investment portfolio for a total of
-
PropertyEU Archive
Irish banks to sell off more branches
The Bank of Ireland is poised to sell off more of its branches to investors in sale-and-leaseback deals, Irish business newspaper Sunday Business Post reported on the weekend.
-
PropertyEU Archive
ABN Amro sells office in central Amsterdam
Dutch bank ABN Amro has sold its office building on Dam Square, central Amsterdam, to a group of private investors for EUR 32 mln, or almost EUR 10,000 per square metre.
-
PropertyEU Archive
Kenmore buys European assets for EUR 202 mln
UK-based Kenmore has acquired five European properties for a total value of EUR 202 mln. The acquisitions include six office buildings providing 33,221 m[sup]2[/sup] in Oslo, Norway (EUR 52.4 mln), 21 mixed-use assets in the Helsinki Economic area, Finland (EUR 32 mln), a 13,000 m[sup]2[/sup] retail warehouse close to Helsinki ...
-
PropertyEU Archive
City Inn targets European capitals
City Inn, the privately owned UK hotel company, plans to open new hotels in the major European capitals within the next few years. 'We are looking at cities like Paris, Rome, Madrid and Barcelona,' Sandy Orr, executive chairman of City Inn, said at a press conference announcing a new City ...
-
PropertyEU Archive
ULI extends deadline for excellence awards
The Urban Land Institute (ULI) has extended the deadline to submit entries for its Award for Excellence programme to February 23. The awards recognise best practices in Europe, the Americas and the Asia Pacific region along the full development process of a project, from design to management of the completed ...
-
PropertyEU Archive
Homburg steps up battle for Canadian REIT
Homburg Invest has entered a binding agreement to acquire just under three million shares, representing approximately an 11% stake, in Montreal-based Alexis Nihon Real Estate Investment Trust for an undisclosed sum. Homburg already held 8.6% of Alexis Nihon following several transactions last month. This leaves Homburg with a holding of ...
-
PropertyEU Archive
Russia to lead property growth in 2007
The economies of Central and Eastern Europe are expected to strengthen further in the next year, with the Czech Republic, Poland and Romania delivering strong growth. At the same time, Russia is expected to remain 'the major regional powerhouse' in 2007, according to a report by international property advisor Jones ...
-
PropertyEU Archive
AEGON adds hotel rooms to its property portfolio
AEGON Scottish Equitable has become the first major pension provider to offer a direct hotel room purchase through a pension fund. The Edinburgh-based unit of the Dutch insurance giant AEGON has added GuestInvest, the UK buy-to-let hotel company, to its Self Invested Personal Pension (SIPP) investments, in what is said ...
-
PropertyEU Archive
Credit Suisse buys Swedish offices for EUR 72 mln
Credit Suisse Asset Management (CSAM) has agreed to pay Sweden's NCC Property Development SEK 658 mln (EUR 72.4 mln) for the Vasterport office project in Stockholm. The project comprises approximately 20,000 m[sup]2[/sup] of office space and will be sold in the form of a company. Credit Suisse is scheduled to ...
-
PropertyEU Archive
Prasa buys 3% of Metrovacesa at EUR 95 per share
Spanish property group Prasa has acquired a 3% stake in peer Metrovacesa at EUR 95 per share from Metrovacesa's chairman Joaquin Rivero and board member Bautista Soler, Spanish newspaper Cinco Dias has reported.
-
PropertyEU Archive
Groupe Caisse d'Epargne set to buy 4-6% of Icade
Groupe Caisse d'Epargne, a network of French savings banks, has denied reports in French newspaper Le Monde that it aims to become the majority shareholder of Icade.
-
PropertyEU Archive
Warner Estate to buy JS Real Estate
Britain's Warner Estate has agreed to pay 700 pence a share for JS Real Estate in a deal that values the AIM-listed property company at £114 mln (EUR 173 mln). Warner said in a statement on Friday that the acquisition would improve its position ahead of conversion to a real ...
-
PropertyEU Archive
Chelmsford gets EUR 2.27 bn facelift
The Borough Council of Chelmsford in eastern England has unveiled plans for a EUR 2.27 bn revamp of the town, including new homes, offices and up to 100,000 m[sup]2[/sup] of retail space. The scheme, named Chelmsford Tomorrow, aims to transform Chelmsford into 'the leading regional centre in the East of ...
-
PropertyEU Archive
Repsol set to invest EUR 300 mln in Madrid HQ
Oil company Repsol will invest about EUR 300 mln in an industrial estate in Madrid which will house its new headquarters, Spanish national newspaper El Pais reported, without disclosing the source of its information. The oil and gas company has acquired a 30,000 m[sup]2[/sup] plot of land from its affiliate ...
-
PropertyEU Archive
Warimpex issues EUR 110 mln shares
Warimpex Finanz- und Beteiligungs, a hotel property investor in central and eastern Europe, announced it has raised EUR 110 mln through an Initial Public Offering to help expansion of its fund in Europe. Warimpex has sold 10 million shares at a price of EUR 11 each, the company said ...
