Latest reports – Page 3771
-
PropertyEU Archive
Delta purchases Theodorpark centre
Delta Development's German property unit Delta Immobilienentwicklung has purchased the Theodorpark Logistics Centre development in Germany from the global developer AMB Property Corporation for an undisclosed sum.
-
PropertyEU Archive
Bob Burns sells Villa Feltrinelli
Russian billionaire Viktor Vekselberg has acquired a 50% stake in the historic Villa Feltrinelli building for EUR 40 mln. The Villa was sold by the American investor Bob Burns to Vekselberg's energy company Renova. It is understood that the front-runners in the bid for the Villa were Viktor Vekselberg, who ...
-
PropertyEU Archive
Skanska to build in Norway and the Czech Republic
Skanska, the Swedish construction giant, has been awarded a contract for the construction of a EUR 34 mln office complex from Nonnen Utbygging, a subsidiary of the real estate company Entra Eiendom. The development, located in Bergen, Western Norway, comprises two buildings of 14 and 11 storeys, with a total ...
-
PropertyEU Archive
Fraport to develop Frankfurt Airport area
Fraport's real estate subsidiary has started the construction of its Monchhof property development area, which stretches along the southern bank of the Main river near Frankfurt Airport in Germany.
-
PropertyEU Archive
Hypo RE bank to finance DGAG's purchase by Pirelli
Hypo RE Bank will finance the purchase of 96.83% of Deutsche Grundbesitz (DGAG) by Pirelli RE, the bank has said in a press release. Hypo RE has already provided Pirelli RE with financing of EUR 290 mln and will provide the further EUR 900 mln in the next few months.
-
PropertyEU Archive
Custom House in 1st French purchase
Irish investment fund Custom House Capital has entered the French market with the purchase of two office developments in Marseilles from Bouygues Immobilier for EUR 55 mln. The Plein Ouest building is located in the new district Saumaty Seon and provides an area of 11,072 m[sup]2[/sup] with 290 parking spaces. ...
-
PropertyEU Archive
Riofisa bets on Bulgaria
Riofisa, the Spanish shopping centre developer, has said it will invest EUR 72 mln in a mixed-use construction project in Sofia, Bulgaria. The development, to be started in 2008, will cover an area of 54,000 m[sup]2[/sup]. This adds to other four major international investments by Riofisa, and is its third ...
-
PropertyEU Archive
Bedford to get retail makeover
St Mowden Properties has submitted plans to the Bedford Borough Council for a retail-led regeneration scheme in the centre of Bedford, Southern England. The proposals include the development of 117,348 m[sup]2[/sup] of retail space comprising a department store, a 130-room hotel as well as a new bus station, Property ...
-
PropertyEU Archive
Skanska to build office in Crown Place
Sweden's Skanska was awarded a contract to develop a EUR 95.4 mln building at Crown Place, central London, from Greycoat Crown Place Partnership.
-
PropertyEU Archive
Simoga buys Porto plot for EUR 60 mln
Real estate firm Sociedade Imobiliaria de Gaia (Simoga) has invested about EUR 60 mln in the purchase of a two-hectare plot of land in Porto, northern Portugal. The company intends to invest about EUR 175 mln on the site to build a mixed-use development, Simoga's commercial manager Maria Massada said ...
-
PropertyEU Archive
Endesa control saga continues
Spanish construction and energy group Acciona has announced it has increased its stake in Endesa to 21%, and said it wants to own as many shares as possible to exert a major influence on the running of the utility company. Acciona can hold a maximum of 24.9% stake in Endesa ...
-
PropertyEU Archive
Puma captures 2nd largest office building in Frankfurt
Puma Brandenburg, an investor in German real estate, has acquired a Frankfurt office complex from the Deka Immobilien open-ended fund for EUR 199 mln. The building, with an area of 88,000 m[sup]2[/sup] and 1,500 parking spaces, is the second largest office building in Frankfurt.
-
PropertyEU Archive
Belgium may raise EUR 250 mln with office sales
The Belgian government plans to raise between EUR 200 mln and EUR 250 mln through the sale of office buildings in a sale-and-lease back agreement, Belgian newspaper De Tijd reported. The government will retain a 10% stake in the sold buildings. The transactions are expected to close before the elections ...
-
PropertyEU Archive
CAAM RE sells the Archipel portfolio
Credit Agricole Asset Management Real Estate (CAAM-RE) has completed the sale of its mixed-use Archipel portfolio through its property investment fund SCPI Edissimmo for EUR 127.5 mln. The portfolio comprises 64 assets for a total lettable area of about 164,000 m2, including 24% for office use and 76% for commercial ...
-
PropertyEU Archive
Cofinimmo sells six properties for EUR 231.5 mln
Belgian real estate company Cofinimmo has disposed of six office buildings for a total of EUR 231.5 mln, an average of 12.8% above the investment value. The buyers were three German funds and a Belgian investor, but Cofinimmo did not identify them by name.
-
PropertyEU Archive
31,000 unit Blackstone portfolio in demand
Pirelli RE, GAGFAH, and Deutsche Annington are interested in buying a portfolio of 31,000 German residential units from Blackstone, newspaper Financial Times Deutschland (FTD) has reported. The portfolio is spread across the Schleswig-Holstein, Bremen and North Rhine-Westphalia regions.
-
PropertyEU Archive
Slough Estates to build Polish office building
Slough Estates has signed a EUR 20 mln contract with Hochtief Polska Budokor Branch for the construction of the Tulipan House office building in the Warsaw's Mokotov district. The 4-storey property will provide an area of 18,000 m[sup]2[/sup] and a two-level parking. Completion is scheduled for April 2008, Polish newspaper ...
-
PropertyEU Archive
German real estate investment hits EUR 49 bn
Commercial real estate transactions in Germany reached a record EUR 49.4 bn in 2006, approximately 109% more than the previous year. The strong rise 'reflects the unbroken confidence, particularly among foreign investors, in Germany,' the German section of real estate advisor Atisreal said.
-
PropertyEU Archive
Rodamco Europe sells office building for EUR 75 mln
Rotterdam-headquartered Rodamco Europe has announced the sale of the Robeco-huis office building to the German property investment fund KanAm Grundinvest for around EUR 75 mln. The transaction reflects a net initial yield of 5.3 %, the company said in a press release.
-
PropertyEU Archive
Pirelli RE to raise stake in Germany's DGAG
Pirelli RE has completed the purchase of 96.83% of Deutsche Grundvermoegen (DGAG), and said it intends to buy a further 2.54% in the German company, through an agreement with the entrepreneurs Abert Buell and Cornelius Liedtke. The total investment by Pirelli in the property group comes to EUR 465 mln.
