Latest reports – Page 3776
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PropertyEU Archive
DIM Vastgoed mulls US shopping centre sell-off
The board of Dutch-based DIM Vastgoed is investigating what the total return for share would be if the company sold its entire real estate portfolio, consisting of 19 shopping centres in the US. DIM expects the sell-off would generate a higher return per share than the portfolio's intrinsic value of ...
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PropertyEU Archive
Tesco store acquisitions in Slovakia blocked
Slovakia's antitrust agency has banned the UK-based supermarket giant Tesco from purchasing four local stores owned by French peer Carrefour. The two retailers had designed a store-swap plan between them to exit markets in which they have low market shares. Carrefour was to swap 11 hypermarkets in the Czech Republic ...
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PropertyEU Archive
Ferrovial to sell airport assets
Ferrovial, the Spanish construction, infrastructure and services group, is in advanced talks to sell Budapest Airport to Hochtief, the German construction and infrastructure group, in a deal that should be completed by the end of January. The Spanish group acquired control of Budapest and Naples airports, as well as minority ...
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PropertyEU Archive
Commerzbank bundles real estate operations
Germany-based Commerzbank is bringing together its real estate operations into one line of business, board member Bernd Knobloch told German business daily Handelsblatt. In February, the real estate investment fund unit CGI will be moved to Commerzbank's commercial real estate unit, which comprises the recently acquired real estate bank Eurohypo ...
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PropertyEU Archive
EOP will consider rivals to Blackstone bid
The fate of the largest real estate deal in history remains uncertain after Equity Office Properties Trust (EOP) confirmed in late December that it will consider higher bids than the record-breaking $20 bn plus $16 bn in debt assumption tabled by the Blackstone Group in November.
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PropertyEU Archive
Meinl EL expands further in Poland
Austrian development company Meinl EL is to develop a 71,000 m[sup]2[/sup] multifunctional centre in Gdansk in a joint venture with Danish-based TK Development. The project will involve a total investment of EUR 100 mln and will be entirely financed by the Austrian group. TK Development will receive a fee for ...
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PropertyEU Archive
Acciona to complete 24.9% stake buy in Endesa
Madrid-based construction group Acciona plans to complete the transaction of a 24.9% stake in Endesa in the coming days, Spanish national news agency EFE has reported. The builder increased its stake in the utility with the purchase of an additional 3.5 million shares on December 29, and will reach its ...
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PropertyEU Archive
Mirland buys stake in Moscow skyscraper project
Mirland Development Corporation, the Cypriot-based real estate company, has completed the acquisition of a Cyprus-based company that holds 58% of a Russian group with leasehold rights in land to be used for Mirland's skyscraper development project in Moscow. The price for the acquisition comes to EUR 10 mln, of which ...
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PropertyEU Archive
REIT index unveiled on day 3 of trading on LSE
FTSE Group, the global index provider, has launched a new index to measure the performance of the nine UK property companies that converted to real estate investment trust (REIT) status on 1 January. The unveiling of the FTSE EPRA/NAREIT UK REIT index coincided with a ceremony at the London Stock ...
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PropertyEU Archive
CapMan RE fund makes new acquisition
The CapMan Real Estate I private equity fund has purchased a property in Helsinki days after announcing the sale of its existing portfolio to a joint venture company for EUR 377.5 mln. The property and lot at Kalevantu 20 in Helsinki was acquired from the Local Government Pensions Institution. The ...
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PropertyEU Archive
Metrovacesa to trade ex right 5 million shares
Metrovacesa will issue one bunus share for every 20 shares held. The total issue comes to a total of five million shares valued at a price of EUR 1.5, increasing its capital by around EUR 7.63 mln. Metrovacesa's shares will trade ex right as of tomorrow until January 19.
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PropertyEU Archive
Dutch architect awarded European projects and awards
Dutch architect company EEA has been awarded new project in London's Canning Town and a mixed-use project in Metz, France, as its founder Erick van Egeraat has won two architectural awards for the projects in Hungary.
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PropertyEU Archive
Tesco in EUR 661 mln property venture
Tesco has announced it is to raise £445 mln (EUR 661 mln) by selling 16 of its stores to a 50/50 joint venture establishment with the British Airways Pension Fund. The move is part of a scheme unveiled in April last year to realise up to EUR 5 bn over ...
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PropertyEU Archive
Affine purchases a 21,000 m[sup]2[/sup] warehouse in Lille
Affine, a French development and construction company, has purchased a logistic building, comprising 19,000 m[sup]2[/sup] of warehouse and 2,800 m[sup]2[/sup] of office space, on a 6-hectare plot of land in Leers in the industrial zone of eastern Roubaix. The financial details of the acquisition were not disclosed.
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PropertyEU Archive
Consum acquires 53 supermarkets
Spanish cooperative Consum has acquired 53 Supersol supermarkets and two logistics buildings owned by the Dinosol supermarket chain in Catalonia, the two companies announced in a joint press release. The financial details of the acquisition were not disclosed.
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PropertyEU Archive
Immofinanz acquires Gerling headquarters in Cologne
German property company Immofinanz has acquired a 50% stake in a project in Cologne in a joint venture with the German developer Frankonia. The project consists of several office buildings with a total area of 140,000 m2, including the 47,000 m[sup]2[/sup] underground parking lot.
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PropertyEU Archive
Paref invests EUR 7 mln in logistics
Paris Realty Fund (Paref) has acquired two buildings from a private property company for a total of EUR 7.25 mln, excluding taxes. The assets are located in Ulis and Cauffry, Northern France.
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PropertyEU Archive
Tishman Speyer secures 2nd largest leasing deal in Paris
Tishman Speyer has announced it has secured the second largest leasing deal of 2006 in Paris at its landmark office building Lumiere. Natixis, a major player in the French financial market, has leased 19,500 m[sup]2[/sup] of office space, 1,100 m[sup]2[/sup] of archives and 200 parking spaces at Lumiere, taking the ...
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PropertyEU Archive
Spazio Investment buys EUR 32 mln real estate assets
Spazio Industriale, a subsidiary of the real estate investment company Spazio Investment, has acquired several real estate assets in northeast Italy for a total of EUR 32 mln. The company said it exercised its option to acquire an additional 71,000 m[sup]2[/sup] of build-on area in the Eastgate Park area designated ...
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PropertyEU Archive
Affine purchases four buildings in France
Concerto Developpement, a subsidiary of French real estate investment vehicle Affine, has acquired the industrial site of the French automotive equipment maker Epeda. The site comprises four buildings with a total of 26,000 m[sup]2[/sup] on a seven-hectare piece of land.
