Latest reports – Page 3784
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PropertyEU Archive
Prologis acquires French distribution centre
ProLogis European Properties (PERP) has acquired a 43,400 m[sup]2[/sup] distribution centre in Blois, Central France. It is fully leased under a long-term agreement to the logistics and distribution subsidiary of Redcats, a leading home shopping retailer, and will serve as the primary distribution hub for Redcats' mail-order line of home ...
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PropertyEU Archive
Kungsleden acquires 6 properties
Swedish listed property company Kungsleden has announced the acquisition of 6 properties, worth SEK 140 mln (EUR 15.4 mln), in Taby outside Stockholm. The properties have a lettable floor-space of 9,600 m[sup]2[/sup] and comprise 34% school 29% retail, 17% office premises and 19% industrial/warehouse.
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PropertyEU Archive
CBRE acquires EUR 30 mln Defense Bergeres building
CB Richard Ellis has acquired the 'Defense Bergeres' building in Nanterre, central France for the French Dynamique Bureaux company. This vacant office building, completely renovated in 2005, provides a lettable area of about 10,000 m[sup]2[/sup] and includes a restaurant and 254 parking spaces. The investment is of the order of ...
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PropertyEU Archive
Deal signed for new Amsterdam entertainment venue
Amsterdam's municipal authorities and three Dutch property companies have signed a deal to develop a new entertainment centre in the south-east of the city for approximately EUR 250 mln. Work on the GETZ centre is due to start in the first half of 2008. The name GEZT comes from the ...
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PropertyEU Archive
Bilboa acquires France's residential development
Spain's Balboa group has purchased a residential complex in central France. The asset includes a four-star hotel, a golf course and further plots of land to be developed in residential areas. The price for the acquisition was not disclosed.
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PropertyEU Archive
Aktiva to develop EUR 500 mln recreational centre
Italian real estate company Aktiva is to invest EUR 500 mln in the development of Romilia recreational and retail centre near Bologna, in northern Italy, the financial newspaper Milano Finanza has reported. The centre will cover an area of 3 million m2, of which 1.7 million m[sup]2[/sup] is green ...
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PropertyEU Archive
Masso to get 13% stake in Aisa
Masso group, owned by Barcelona's ex major Enric Masso, is to acquire a 13% stake in the Catalan property company Aisa, Masso has informed the news agency Europa press. Financing for the transaction, valued at about EUR 68 mln, should be guaranteed by a capital hike scheduled to get approval ...
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PropertyEU Archive
Halverton acquires offices for GO fund
Halverton Real Estate Management has acquired three further properties for its Go (German Office Partnership) Fund for approximately EUR 23.4 mln. The purchase price reflects a net initial yield of between 7.1% and 8.6%.
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PropertyEU Archive
Arlington gets RE mandate from EP pension fund
Arlington Securities has received a EUR 10 mln mandate from the pension funds of the members of the european Parliament (EP), the first time for the pension fund to invest in real estate. The money will be invested in Arlington's eurozone Fund of Funds, established by the company in July ...
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PropertyEU Archive
West Pioneer mines EUR 30 mln in London
West Pioneer Properties has raised around £20.4 mln (EUR 30.3 mln) by placing 25 million shares at 81.5p on the London Stock Exchange's Alternative Investment Market (AIM). The placing valued the company at over £61 mln (EUR 91 mln).
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PropertyEU Archive
German group slams REIT index plan
ZIA, Germany's central association for real estate organisations, has hit out at plans by the German stock exchange to mandatorily remove IVG Immobilien and other property companies that intend to convert to real estate investment trust (REIT) status from the main DAX indices and place them in a separate index.
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PropertyEU Archive
Rivero to sell part of his Metrovacesa stake
Metrovacesa's chairman Joaquin Rivero intends to reduce his holding in the Spanish property company, newspaper BolsaCinco has reported. Rivero raised his stake in the company to around 19% in September after launching a public offer for Metrovacesa in order to compete with the Sanahuja family, which is currently the largest ...
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PropertyEU Archive
Italy moves closer to approving 'REIT' legislation
Italy's Senate is to approve REIT legislation through the Finanziaria, the state annual budget, before the end of the week, Italian newspaper IlSole24Ore has reported. In November, the lower chamber 'Camera dei Deputati' drafted the 2007 budget law, containing an amendment over the SIIQs, the real estate investment trusts.
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PropertyEU Archive
Interesting Vastgoed buys two office properties
Interesting Vastgoed, a Dutch real estate company, has acquired two office properties in Almere and Capelle aan den IJssel in the Netherlands for a total investment volume of EUR 44 mln. The building in Almere, with about 12,000 m[sup]2[/sup] of lettable area, is entirely let to USG People. It has ...
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PropertyEU Archive
BBI Burgerliches Brauhaus to be REIT
BBI Burgerliches Brauhaus is likely to be listed as a German real estate investment trust (REIT) in the medium term, researchers at merchant bank Kempen & Co noted as Bavaria's VIB Vermogen announced it had reduced its holding in the company based in Ingolstadt, Germany from 94.45% to 28.63%. Germany ...
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PropertyEU Archive
Mirland raises EUR 213 mln in IPO
Mirland Development Corporation, the Cypriot-based real estate company, expects to raise £143.4 mln (about EUR 213 mln) through an initial public offer of 30 million new shares in London. The price is 478p per share. Trading in the shares on the Alternative Investment Market (AIM) is expected to begin on ...
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PropertyEU Archive
ULI seeks entries for Europe excellence awards
The Urban Land Institute (ULI) has issued a call for entries for its 2007 Awards for Excellence in development projects in both the public and private sectors in Europe, the Americas and the Asia Pacific region.
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PropertyEU Archive
TAS sells German sheds to Dutch investor
Hamburg-based real estate company TAS has sold two logistics properties in Germany to a Dutch investor. One of the sheds is in Hannover-Hainholz and the other is located in Hamburg-Stellingen. Together they have a total floor space of 35,500 m[sup]2[/sup]. The name of the buyer and the financial details were ...
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PropertyEU Archive
Africa-Israel building in Romania and Moscow
AFI Europe has announced it intends to build a 50,000 m[sup]2[/sup] shopping mall on a 8-hectare plot of land it has acquired in the western Romanian city of Arad. The mall, scheduled to open in 2009, is the latest in a series of projects AFI Europe has in Romania. In ...
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PropertyEU Archive
WTC Stockholm sold for EUR 332 mln
Swedish pension company Alecta has bought the World Trade Centre in Stockholm from property company Hufvudstaden. Alecta paid SEK 3 bn (about EUR 332 mln) for the shares in Vasaterminalen, Hufvudstaden's subsidiary which owns and runs the WTC centre and TWC Parkering.
