Latest reports – Page 3765
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PropertyEU Archive
TriGranit, Gazprombank join forces in Russian JV
Budapest-based TriGranit Development has teamed up with Gazprombank's real estate unit to enter the Russian market. The two companies have set up a new joint venture to build shopping malls, offices, hotels and logistics centres in cities including Moscow and Saint Petersburg, Hungarian newspaper Napi Gazdasag reported.
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PropertyEU Archive
Emerging trends report debuts at ULI event
The 4th annual Emerging Trends in Real Estate® Europe report is to be released at the Urban Land Institute's conference in Paris on February 7. The publication, a joint undertaking between ULI and PricewaterhouseCoopers, provides an outlook on European real estate investment and development trends, as well as 'real estate ...
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PropertyEU Archive
Budapest developer eyes AIM flotation
Hungarian property developer Ablon Group plans to raise up to EUR 151 mln by floating about a third of the company on the Alternative Investment Market (AIM) in London to fund its expansion in eastern Europe. The shares will be sold on February 7 at a price set between £2.38 ...
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PropertyEU Archive
Arberdeen acquires mixed-use property in Sweden
Aberdeen Property Investors has acquired a mixed-use property in the southern tip of Sweden in the latest of a series of significant moves in Scandinavia. The office and retail asset at Kometen 9 in Kristianstad was built in 1989 and provides 15,000 m[sup]2[/sup] of lettable area. The tenants include ICA ...
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PropertyEU Archive
Spanish retail adds 28 shopping malls in 2006
The Spanish property sector recorded a total of EUR 4.1 bn in transactions in 2006, of which EUR 2.3 bn was spent in the retail property segment. Spending in the retail segment which delivered 23 new shopping malls and five expansion schemes was EUR 300 mln higher than a provisional ...
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PropertyEU Archive
Grouppe Caisse d'Epargne to sell EUR 800 mln German portfolio
Grouppe Caisse d'Epargne, a network of French savings banks, has announced it intends to sell the German retail portfolio it acquired in 2005 through its Curzon/Iris property investment unit for a total of EUR 800 mln. Bids for the portfolio are expected to be received within days, the Financial Times ...
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PropertyEU Archive
Sonae Sierra to open two malls in Spain
Sonae Sierra, the specialist in the development of shopping malls, is to open two shopping centres in Spain in the autumn. The malls, in Ponferrada and Malaga, will involve an investment of EUR 158 mln, the Portuguese company said on Tuesday.
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PropertyEU Archive
Alpha Real buys office portfolio in Paris
Alpha Real Capital's Alpha Pyrenees Trust investment fund has acquired a portfolio of three office buildings from the investment manager Oppenheim for EUR 44 mln. The portfolio includes a 6,338m[sup]2[/sup] building in Saint-Cyr-l'Ecole near Paris, entirely let to the agricultural company Syngenta and a 5,933m[sup]2[/sup] building in the Descartes-Nobel park ...
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PropertyEU Archive
Sparkassen completes largest German purchase
Austrian real estate investment and development company Sparkassen Immobilien has acquired a mixed-use property portfolio comprising 53 apartment buildings and the Berlin-Mitte tax office. The assets cover an area of 188,000 m[sup]2[/sup] and are distributed across Berlin. This is the company's largest acquisition in Germany, a market which represents 22% ...
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PropertyEU Archive
Telefonica, O2 move into Munich skyscraper
Telefonica's 1,800 employees in Germany are moving to a Munich skyscraper. The move is designed to unify the headquarters of Telefonica Deutschland and telecom company O2. The Spanish telecommunications giant acquired 02 in a EUR 24.2 bn takeover in early 2006. The headquaters move is to be completed by February ...
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PropertyEU Archive
AIK acquires Brussels office
German property investment company APO Immobilien-Kapitalanlagegesellschaft (AIK) has entered the Belgium market through the purchase of the leasehold rights of an office building in Brussels from Belgian group Cofinimmo. The property is situated next to the Centre Culturel d'Auderghem in Souverain Plaza. The financial details of the transaction have not ...
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PropertyEU Archive
Inmoracal may raise EUR 700 mln in share issue
Spanish property giant Inmocaral may finance the acquisition of Riofisa by issuing EUR 600 mln to EUR 700 mln worth of new shares, Inmoracal's ceo Mariano Miguel told in an interview to the Spanish newspaper El Economista. It is understood that the company is also interested in increasing its stake ...
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PropertyEU Archive
Irish commercial property delivers returns of 28.5%
Commercial property in Ireland outperformed the local stock market in 2006 with overall returns of 28.5%, the highest since 1999, according to the latest Jones Lang LaSalle Irish Property Index. 'The property market last year experienced the type of growth level previously seen before the millennium and, in spite of ...
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PropertyEU Archive
RE investment in Europe tops EUR 230 bn
Turnover in the commercial real estate investment market in 2006 exceeded EUR 230 bn, more than a 40% increase on the turnover in 2005. Increased turnover was recorded in all of the 25 European countries covered by the survey, but the rate of growth differed significantly between countries, according to ...
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PropertyEU Archive
European retail real estate rings up EUR 26 bn
Retail real estate transactions in continental Europe reached a total of EUR 26 bn in 2006 - up 77% on 2005, and three times higher than the level in 2004, according to research by property advisor Jones Lang LaSalle (JLL). The number of transactions last year was up by two ...
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PropertyEU Archive
VastNed enters Turkey with buy of Istanbul mall
Dutch-based pan-European retail property investor VastNed Retail has entered Turkey through the purchase of the Elysium Shops shopping centre from developers Mimtur and Ofton for EUR 9.7 mln. The mall, located in the Sisli district in Istanbul, is newly built and provides 4,850 m[sup]2[/sup] of retail space on the ground ...
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PropertyEU Archive
Deutsche Land to issue EUR 75 mln shares
AIM-listed real estate company Deutsche Land has announced it intends to raise about EUR 75 mln through the issue of new shares to finance its ongoing investment programme. The move follows the EUR 217 mln acquisition of the Frankfurt Airport's Main Airport Center on 2 January.
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PropertyEU Archive
Arlington launches UK property fund of funds
Property investment and management company Arlington Securities has announced the launch of its UK Fund of Funds, which will become the second sub-fund in its Fund of Funds umbrella product. The new Arlington product will invest in funds with a low-to-medium risk profile and will target to outperform the HSBC/AREF ...
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News
BBC’s industrial sale not indicating strategy shift
REAL ESTATE - The BBC’s pension fund in the UK has denied that last week’s sale of 60,000 square foot of real estate on a northeast English industrial estate reflected a tactical move away from industrial as an asset sub-class.
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News
UBS replaces O’Keefe by Marcuse hire
REAL ESTATE - UBS has appointed AXA Real Estate Investment Managers CEO Paul Marcuse to head its asset management arm’s global real estate business. Marcuse, who will also join the asset management firm’s executive committee, replaces Jam...
