Latest reports – Page 3773
-
PropertyEU Archive
Fadesa to develop EUR 187.5 mln housing projects
Spanish property group Fadesa has announced it will invest EUR 187.5 mln in three news housing projects in Spain. The projects will provide a total of 900 new homes spread across the cities of Granada, Southern Spain, Tenerife, in the Canarias island, and Guadalajara.
-
PropertyEU Archive
San Jose invests EUR 466 mln in Parquesol
Spanish property company Grupo San Jose has won approval for to take a 50.79% interest in peer Parquesol. The success of the bidding was guaranteed, given that Grupo San Jose and New GP Cartera, which owns a 54.77% stake in Parquesol, reached agreement for a 100% buy-out by San Jose ...
-
PropertyEU Archive
Newstone to invest EUR 80 mln in office development
Business property promoter Newstone will develop a 21,000 m[sup]2[/sup] office development in the Stade de France district of Saint-Denis, a northern suburb of Paris. The investment will amount to about EUR 80 mln. The operation will be carried out in partnership with a major Anglo-Saxon fund, French property newspaper Business ...
-
PropertyEU Archive
Sistema-Hals to develop Saint-Petersburg mall
Russian property development company Sistema-Hals JSC intends to develop a 100,000 m[sup]2[/sup] Hals Mart retail and entertainment complex in Saint Petersburg. The company said that Sistema-Hals Group's unit Hals-Invest Development has signed a 12-year EUR 144 mln credit agreement with the bank Eurohypo to finance the development of the shopping ...
-
PropertyEU Archive
Fondis acquires commercial portfolio in France
Ixis AEW Europe, the asset manager of the commercial property fund Fondis, has acquired the Emaux de Longwy commercial development from the property company Immobiliere Frey, in Meurthe-et-Moselle, Northern France.
-
PropertyEU Archive
DHCRE to re-develop London Howick Place
European real estate manager Doughty Hanson & Co Real Estate (DHCRE), through its DHCRE Fund II, has announced the purchase of Howick Place, London, in a joint venture with the AIM-listed property company Terrace Hill Group for EUR 37.5 mln.
-
PropertyEU Archive
Savills may buy shares back
International property advisor Savills may seek to buy back a 5% of its own shares when the Los Angeles-based real estate agency CB Richard Ellis puts its 19.2% stake in Savills on the market.
-
PropertyEU Archive
ING REIM ends 2006 with German top-five deal
ING Real Estate Investment Management (ING REIM) has completed the purchase of Frankfurt's landmark WestendDuo high-rise towers from the Australian Hochtief Group for EUR 240 mln. The complex is located on Bockenheimer Landstrasse in the heart of the central business district and is considered to be an architectural benchmark for ...
-
PropertyEU Archive
Tyne area to get retail makeover
Regional development agency One NorthEast, together with North Tyneside and Newcastle city councils intend to turn former industrial sites on the river Tyne in northeastern England, into retail and housing developments in an attempt to prompt business in the area and reverse its economic decline.
-
PropertyEU Archive
Generali sets up EUR 315 mln property fund
Italy's Generali Property Investments has launched the EUR 315 mln Scarlatti property investment fund to target institutional investors, Italian newspaper Newspages has reported.
-
PropertyEU Archive
Seligman introduces second real estate fund
Seligman, the New-York based investment manager, has introduced its second fund that will invest in real estate securities. The Seligman LaSalle Global Real Estate Fund will seek a total return through a combination of current income and long-term capital appreciation by investing in real estate securities of issuers located around ...
-
PropertyEU Archive
Vastned sells office portfolio for EUR 92.5 mln
Netherlands-based Intervest Offices has sold an office portfolio to a group of British private investors for EUR 92.5 mln. The portfolio includes five buildings, three in Zaventem, and one in Leuven and Kortemborg, the Netherlands, for a total area of 71,210 m[sup]2[/sup]. The value reflects a gross initial yield of ...
-
PropertyEU Archive
Price for Dracula's castle rises from the crypt
Dracula's castle may sell for as much as EUR 60 mln as Brasov County Council is seeking to purchase the legendary Transylvanian property to boost tourism revenue. The local government is in talks with the Habsburgo family, who put the fortress on sale seven months after getting it back from ...
-
PropertyEU Archive
ABN sells EUR 1 bn non-performing loans to Pirelli
Pirelli Re and GE, through GE RE Italy and GE Commercial Finance Services Italy, have been awarded a non-performing mortgage and corporate loan portfolio with a gross book value of around EUR 1bn by Banca Antonveneta and its subsidiary Interbanca, part of the ABN Amro Group.
-
PropertyEU Archive
Riofisa to develop EUR 22 mln logistics area
Spanish property company Riofisa will build a logistics development of 32,000 m[sup]2[/sup] in Ontigola, near Toledo, on behalf of the PSA Peugeout Citroen group. The project comes to a total investment of EUR 22 mln, the company said in a press release.
-
PropertyEU Archive
Kungsleden buys NMG for EUR 100 mln
Swedish listed property company Kungsleden has acquired the Swedish property company Nordic Modular Group (NMG) from the private equity firm 3i for EUR 100 mln. NMG lets over 150,000 m[sup]2[/sup] of premises in modular buildings, and has around 220 employees. In a press release, Kungsleden said that NMG sales came ...
-
PropertyEU Archive
IGD bolsters its presence in Southern Italy
Italian property company IGD has signed a preliminary agreement with Sviluppo Trapani for the purchase of a commercial gallery development in Trapani, Southern Italy, for EUR 54.67 mln.
-
PropertyEU Archive
GE Real Estate buys two properties for EUR 9.7 mln
GE Real Estate France has acquired two new office buildings from Toulouse-based property company GA for a total of EUR 9.7 mln. The transaction is part of the process started in 2005 whereby GA has been divesting its property portfolio to GE Real Estate France to concentrate on property management. ...
-
PropertyEU Archive
Jones Lang LaSalle on 'best US employer' list
Fortune magazine has added global property advisor Jones Lang LaSalle to its 10th annual list of the '100 best companies to work for'. Ranked 66th, Jones Lang LaSalle is the only real estate services company to appear on the prestigious index.
-
PropertyEU Archive
DIFA to pay 'over EUR 70 mln' for Hague tower
DIFA, the Hamburg-based fund manager, has purchased the Haagsche Zwaan skyscraper development in The Hague from OVG projectontwikkeling. While the financial details were not disclosed, PropertyEU understands that the transaction value is 'more than EUR 70 mln'.
