Latest reports – Page 3764
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PropertyEU Archive
New residential tower highest building in Amsterdam
The municipal authorities of Amsterdam have signed an agreement with developers De Principaal, BAM Vastgoed and Woonmaatschappij Markant to build a residential tower at Arena Boulevard to the south of the Dutch capital.
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PropertyEU Archive
Curzon/IXIS invests EUR 2.5 bn in Europe
Curzon/IXIS AEW Europe announced it has exceeded the EUR 2 bn investment threshold in Europe for the second consecutive year. In 2006 total investments reached EUR 2.5 bn, of which 48% was deployed in France. The cumulative disposals amounted to EUR 1.7 bn, of which 69% in France.
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PropertyEU Archive
Europe leads record investment growth
Global investment volume in commercial real estate rose by 33% last year to a record EUR 491 bn, according to the International Investment Atlas of property advisor Cushman & Wakefield. The growth was particularly strong in Europe and Asia with increases of 50% and 48% respectively.
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PropertyEU Archive
Plans for Ulster's highest skyscraper unveiled
Developer McAlister Holdings has submitted plans for a new 37-floor landmark tower in the heart of the city of Belfast which would become the tallest building in Northern Ireland, and second in Ireland only to the U2 tower in Dublin, website Belfast Today reported.
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PropertyEU Archive
Eurohypo to finance property deals in Romania
German bank Eurohypo plans to grant loans worth a total of EUR 200 mln for property deals in its first year of business in Romania, financial newspaper Ziarul Financiar reported. Globally Eurohypo targets the commercial rather than the residential property segment and it will do the same in Romania, a ...
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PropertyEU Archive
Macquarie, GCI join forces in Paris office
Macquarie Global Property Advisors (MGPA) and Generale Continentale Investissements (GCI) have teamed up to acquire a 32,000 m[sup]2[/sup] office complex development currently under construction in Saint-Denis, northern Paris, for EUR 113 mln. The Balthazar complex, acquired from French property company Fonciere Dixence, is being developed by construction group Sogelym Steiner.
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PropertyEU Archive
Rental growth lifts France's Klepierre
A strong increase in rents from shopping centre properties helped lift Klepierre's total revenues in 2006 by 16% to EUR 568.6 mln. The office segment also turned in a strong performance with rents on a constant basis up 11.9% thanks to a high occupancy rate of 98.7%.
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PropertyEU Archive
Atlas Estates buys three assets in Eastern Europe
Atlas Estates, a property investment company which focuses on central and eastern Europe, has acquired three properties in Romania, Poland and Slovakia for a total of EUR 23 mln. The purchase includes a 32,000 m[sup]2[/sup] plot of land in Romania for EUR 14.39 mln, and a 6,000 m[sup]2[/sup] office building ...
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PropertyEU Archive
Finnish REIT comes a step closer
Finland came a step closer to introducing its own legislation for real estate investment trusts (REITs), after the commerce committee of the Finnish parliament issued a positive report on Wednesday regarding the introduction of a Finnish REIT.
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PropertyEU Archive
New residential tower highest building in Amsterdam
The municipal authorities of Amsterdam have signed an agreement with developers De Principaal, BAM Vastgoed and Woonmaatschappij Markant to build a residential tower at Arena Boulevard to the south of the Dutch capital. The 47-storey tower, designed by architects Wiel Arets and Van Aken, will contain a total of 382 ...
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PropertyEU Archive
Meinl buys EUR 150 mln mall in Ukraine
Austria-based Meinl has entered Ukraine with the purchase of a 60,000 m[sup]2[/sup] shopping centre in Odessa, in the south of the country, for EUR 150 mln. The mall is scheduled for completion in the first quarter of 2009. The initial yield is slightly above 12%, the development company said in ...
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PropertyEU Archive
Immoeast buys Bucharest office complex
Austrian property company Immoeast has acquired the Victoria park office complex in Bucharest for EUR 60 mln. The centre, which was developed by Liebrecht & Wood of Belgium, is located north of Bucharest and provides 20,000 m[sup]2[/sup] of office space. Immoeast has invested a total of EUR 355 mln in ...
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PropertyEU Archive
MSREF set to purchase Hamburg offices
Morgan Stanley Real Estate Funds (MSREF) is set to acquire an office portfolio in Hamburg, Germany, from German property investor Dieter Becken for EUR 670 mln, FT Deutschland has reported. The paper said on Wednesday US investment bank Morgan Stanley 'may be buying' the Berliner Bogen and Deichtorcenter office complex ...
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PropertyEU Archive
MGPA opens Paris ofice
Macquarie Global Property Advisors (MGPA) has opened a new office in Paris to strengthen its presence in Europe where it has been increasingly active in recent years. Its MGP Fund II, an umbrella fund for two funds investing in Asia and Europe, closed in September 2005 with equity commitments of ...
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PropertyEU Archive
M&S unveils 'novel property deal'
Retailer Mark & Spencer has unveiled a property deal through which the company will inject £500 mln (EUR 757 mln) into its final-salary pension fund. The retailer, headed by Stuart Rose, said it would transfer assets valued at about £1.1 bn (EUR 1.66 bn) to a partnership with pension trustees ...
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PropertyEU Archive
Record office take-up in Warsaw
2006 was a record year for the office property market in Warsaw as 412,000 m[sup]2[/sup] was taken up, according to the Warsaw Research Forum, a consortium of real estate agencies including CB Richard Ellis, Colliers International, C&W, DTZ, Jones Lang LaSalle and King Sturge.
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PropertyEU Archive
CBRE sells Savills stake
CB Richard Ellis has announced the closing of the sale of its 19.2% stake in the international property advisor Savills. The US property advisor has sold nearly 25.9 million shares of Savills common stock on the open market through an offering managed by the finance services group Credit Suisse Securities, ...
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PropertyEU Archive
LaSalle, Morley buy EUR 325 mln European portfolio
LaSalle Investment Management and Morley Fund Management have purchased a mixed-use portfolio of five properties in Paris, Madrid, Stockholm and Germany for EUR 325 mln. The transaction value reflects a net initial yield of 5.8%.
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PropertyEU Archive
Metrovacesa chairman seeks new investors
Metrovacesa's chairman Joaquin Rivero has contacted Inmocaral's boss Luis Portillo and Prasa's Jose Romero as he seeks new investors for Spain's largest property company, Spanish newspaper Cinco Dias has reported. Rivero is willing to sell part of his stake in Metrovacesa to the other real estate investors to convince them ...
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PropertyEU Archive
Eurosic to issue EUR 400 mln shares
Eurosic plans to become one of the ten largest listed property companies in France by 2011. The company, which is the property arm of Grouppe Caisse d'Epargne, intends to have a EUR 1 bn property portfolio by the end of 2007, and a EUR 3 bn portfolio before 2011, researchers ...
