Latest reports – Page 3767
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PropertyEU Archive
ING REF arranges EUR 260 mln financing
ING Real Estate Finance (ING REF) has arranged a £174 mln (EUR 260 mln) credit facility for the acquisition of 88 Wood Street in London by a co-investment partnership. To date, 50% of the facility has been syndicated.
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PropertyEU Archive
NH Hoteles considers Sotogrande listing
NH Hoteles is looking to list up to another 49% of its luxury property unit Sotogrande in the next few months to finance acquisitions or cut debt, Spanish newspaper Expansion reported, citing NH Hoteles' chairman Gabriele Burgio.
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PropertyEU Archive
Pirelli RE to launch HVB bid
Carlo A. Puri Negri, managing director of Pirelli Real Estate, has confirmed rumours that the company intends to launch an offer for two property funds currently owned by Unicredito Italiano's German unit HypoVereinsbank (HVB). 'Pirelli RE will launch its offer for these property funds at the end of February or ...
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PropertyEU Archive
SLI makes first investment in Poland
Standard Life Investments (SLI), a leading property fund manager in Europe, has announced the completion of its first direct investment in the Polish property market through a joint venture with Panattoni Development Company (PDC).
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PropertyEU Archive
Amsterdam scraps 800,000 m[sup]2[/sup] of planned office space
The local authority in the Dutch capital has already scrapped 800,000 m[sup]2[/sup] of planned office space, alderman Maarten van Poelgeest revealed during the one-day PropertyNL Forum in Amsterdam last Thursday. Poelgeest, a leading member of green left GroenLinks party, announced shortly after taking charge of the planning department last year ...
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PropertyEU Archive
Immoeast completes biggest investment in Czech Republic
Immofinanz's subsidiary Immoeast has acquired an office portfolio in Prague for EUR 160 mln. The portfolio includes three properties in the BB Centrum office park providing a total lettable space of 73,700 m[sup]2[/sup]. BB Centrum is considered one of the most important office locations in the capital of the Czech ...
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PropertyEU Archive
NSI may form alliance with Habas
Dutch-based Nieuwe Steen Investments (NSI) may form a strategic cooperation with the Tel Aviv-listed Habas HZ Investments aimed at expansion of its real estate portfolio. NSI said in a press release that the investment company is willing to acquire a 20% of NSI' outstanding shares at a price of EUR ...
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PropertyEU Archive
IMW to acquire EUR 365 mln property portfolios
Berlin-based property company IMW Immobilien has signed a letter of intent for the acquisition of several property portfolios valued at EUR 365 mln from the Curacao-based Hofer 2 Corporation and its Amsterdam subsidiary Valbonne Real Estate. The portfolios consist of more than 7,200 residential and commercial units, with a total ...
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PropertyEU Archive
ULI issues call to arms over 'silver economy'
City planners and developers must adapt their plans to take account of the aging of the population in Europe, William Kistler, president of the Urban Land Institute Europe, said during the one-day PropertyNL Forum in Amsterdam on Thursday.
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PropertyEU Archive
Scarborough buys German portfolio for EUR 330 mln
Scarborough International Partners (SCP), a joint venture between the Scarborough Group and the Bank of Scotland, has acquired a mixed-use portfolio in Germany from a group of investors lead by the property investment and management company Beos GmbH. The transaction value comes to EUR 330 mln.
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PropertyEU Archive
Brookfield and Dawnay, Day join forces in Europe
Brookfield Asset Management and the Dawnay, Day have announced a joint venture to acquire and manage office properties in continental Europe. The new venture has completed its first acquisition by buying a pre-let office development in the German city of Dusseldorf for EUR 30 mln, Brookfield said in a press ...
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PropertyEU Archive
AAM picks up logistics centres for EUR 40 mln
Aaeral Asset Management (AAM) has acquired two logistics centres on behalf of its Aareal EuroLogistics Fund for EUR 40 mln. The properties cover respectively 12,500m[sup]2[/sup] and 41,000m[sup]2[/sup] and are located in Born, southern Netherlands. The centres let on long-lease leases to office-product maker Acco Brands Corporation, high-performance material supplier Saint ...
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PropertyEU Archive
Gecina to develop logistics park near Paris
SIIC-listed Gecina has reached agreement on the purchase of a 26-hectare plot of land from the development company IMC Promotion in the north of the greater Paris region. The site will house a 90,000m[sup]2[/sup] logistic park developed by CIBEX, Gecina said in a press release. The financial details of the ...
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PropertyEU Archive
Canary Wharf gets go ahead for 370,000 m[sup]2[/sup] development
The London Borough of Tower Hamlets has granted planning permission to Norquill for the development of 372,660 m[sup]2[/sup] of commercial office space on the North Quay site that is immediately north of One Canada Square, Canary Wharf. Norquill is the freeholder of the site and is wholly owned by the ...
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PropertyEU Archive
Acciona may form an alliance with Ballester
Acciona Inmobiliaria, the real estate unit of Spain's fourth-biggest builder Acciona, may form an alliance with Ballester to create one of Spain's ten largest real estate companies and list it on the stock exchange, Spanish newspaper El Economista said citing a source from the sector.
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PropertyEU Archive
Erik Paulsson may buy state-owned Vasakronan
Former Fabege's ceo Erik Paulsson is interested in buying the Swedish state-owned real estate company Vasakronan, newspaper Svenska Dagbladet reported, citing Paulsson.
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PropertyEU Archive
CAM sells 2.44% of Metrovacesa for EUR 308 mln
Savings bank Cajas de Ahorros del Mediterraneo (CAM) has sold a 2.44% stake in Metrovacesa for EUR 307.8 mln. The Spanish lender declined to reveal the profit it made through the share sale of a company that more than doubled its value last year. The shares were sold at EUR ...
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PropertyEU Archive
PRUPIM acquires Scottish mall for EUR 122 mln
Real estate investment manager PRUPIM has purchased the Wellgate Shopping Centre in the Scottish city of Dundee from HBG UK's property development unit through its M&G property fund for EUR 122 mln. HBG acquired the shopping mall in June 2003 and invested in a revamp scheme which included the creation ...
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PropertyEU Archive
Amec to develop EUR 455 mln project in Swindon
London-based Amec Developments has been appointed to develop a EUR 455 mln renewal project in Swindon in the south-east of England. The mixed-use site in Swindow Town Centre includes 55,000 m[sup]2[/sup] of office space, 25,000 m[sup]2[/sup] of retail space, a 13,000 m[sup]2[/sup] hotel and 450 residential units. Construction is scheduled ...
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PropertyEU Archive
Vornado submits $38 bn counter-bid for Equity Office
The prospect of the largest bidding war in the history of the real estate has moved one step closer after a group led by Vornado Realty Trust, the second largest real estate investment trust in the US, submitted a $38 bn (EUR 26 bn) counter-bid for peer Equity Office Properties, ...
