Latest reports – Page 3788
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PropertyEU Archive
Allokton buys 9 properties ahead of listing
Allokton, the Stockholm-based real estate company, has bought nine properties from peer Solrosen Invest for more than SEK 600 mln (EUR 60 mln). The properties are in the Swedish towns of Falun and Borlange are mainly retail. They have a total lettable area of 42,000 m[sup]2[/sup].
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PropertyEU Archive
New EU members to boost retail and development
Bulgaria and Romania head the list of European countries with the highest percentage of shopping centre space coming on the market, with both countries recording increases of more than 150%, according to a new report by international property advisor Cushman & Wakefield. Romania has 470,000 m[sup]2[/sup] of new schemes due ...
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PropertyEU Archive
UK professionals welcome easing of REIT rules
The British government has eased the entry rules for new companies seeking to become real estate investment trusts (REITS) when the enabling legislation comes into force next January. The concession by chancellor Gordon Brown is a response to bitter objections voiced by property professionals to the original framework. Stricter rules ...
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PropertyEU Archive
Babcock, GPT call off European property IPO
Babcock & Brown, Australia's second-largest investment bank, and the Sydney-based property firm GPT Group have backed away from a plan to list a Pan-European retail property fund - just over two weeks after the initiative was announced.
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PropertyEU Archive
Multi Development enters the Slovakian market
Multi Development Czech Republic plans to develop a 16,000 m[sup]2[/sup] shopping and leisure centre in Slovakia in its first project in the country. The Netherlands-based company said on Thursday it has acquired a plot of land from the municipality of Presov in the east of Slovakia for the mall but ...
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PropertyEU Archive
Silfiducia to run 3 Portuguese office buildings
Real estate consultancy Silfiducia has been awarded a contract by Imopolis for the management of three office buildings in Chiado, near Lisbon, the website Vida Imobiliaria has reported. The assets include the Leonel office and residential building, the Terracos de Braganca and the Regata em Cascais office spaces. The buildings ...
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PropertyEU Archive
Caisse appoints IC to manage German portfolio
IC Immobilien Service, an IC Real Estate Group company, has been appointed as property manager of a portfolio of commercial properties owned by SITQ, a subsidiary of Caisse de depot et placement du Quebec (Caisse).
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PropertyEU Archive
Fabege to challenge tax ruling
Fabege is to appeal the decision by the Swedish tax agency to increase the tax assessment for the group to SEK 1.79 bn (EUR 199 mln) for the 2003 tax year. The ruling results in a total claim of EUR 66 mln.
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PropertyEU Archive
Ahold to slash stake in Swedish retail chain
ICA, the Scandinavian retail unit 60% owned by Ahold of the Netherlands, is to reduce its interest in the Swedish Netto Marknad chain to 5% from 50%. ICA said on Thursday it had reached an agreement with joint venture partner Dansk Supermarked about the move.
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PropertyEU Archive
Speculative development 'shows confidence' in Hungary
The Hungarian industrial property market has shown signs of recovery in the third quarter after a low level of development activity in the first half of the year, according to a report by property advisor CB Richard Ellis.
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PropertyEU Archive
Immoeast in EUR 40 mln Croatian buy
Immoeast, the Austrian property group, has announced its second significant acquisition this week, with the purchase of a office-retail property in Croatia for a total investment volume of EUR 40 mln. The property has a gross lettable area of 21,400 m[sup]2[/sup] and was bought together with Generali.
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PropertyEU Archive
Parcolog acquires warehouse in northern France
Logistics real estate company Parcolog has acquired a 15,210 m[sup]2[/sup] warehouse on a 20,234 m[sup]2[/sup] site near Lille, in Northern France, the monthly business Immo magazine reported. The transaction was undertaken on the basis of a 7.25% yield, for an asset completely let to MGF. The price of the transaction ...
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PropertyEU Archive
India's Yatra lists on Euronext
Yatra Capital, an Indian real estate company, debuted on the Euronext stock exchange in Amsterdam on Wednesday. The first placement was 50 cents above the introductory price of EUR 10 for the 10 million shares in the offering. Inclusive of the 50% leverage, the fund has an initial investment volume ...
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PropertyEU Archive
GE Real Estate, Dogus take stake in Turkish REIT
GE Real Estate Central & Eastern Europe and Istanbul-based conglomerate Dogus Holdings have acquired a 50.98% stake in the Garanti REIT for EUR 37.5 mln.
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PropertyEU Archive
Gagfah replaces Fielmann in MDAX index
Gagfah, Germany's largest listed residential landlord, is to replace retailer Fielmann in the MDAX index of 50 medium-sized stocks, Deutsche Boerse, the operator of the Frankfurt stock exchange has announced. The change will take effect on December 18.
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PropertyEU Archive
Flash Consult to build Romanian malls for EUR 140 mln
French investment company Flash Consult Invest has said it will build two shopping malls in Romania by 2009 for an investment of EUR 140 mln. Citing a report in local newspaper Ziarul Financiar, the Kempen & Co Property Daily said the malls, of 45,000 m[sup]2[/sup] and 55,000 m2, will be ...
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PropertyEU Archive
Patrizia buys residential units for EUR 300 mln
Patrizia has acquired a portfolio of 2,667 residential and 70 commercial units from HDI Gerling Lebensversicherung for about EUR 300 mln. The total net floor space in the portfolio adds up to around 195,000 m[sup]2[/sup]. The residential properties include a variety of complexes in top locations in western German conurbations.
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PropertyEU Archive
San Jose's Parquesol offer gets approval
Spanish construction company San Jose's EUR 917 mln takeover offer made for peer Parquesol has been approved by CNMV, the Spain's National Commission on Stock Exchange. The bid of EUR 23.1 a share is being made by Udramed, the investment arm rof Grupo San Jose.
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PropertyEU Archive
Homburg acquires 4 Dutch commercial properties
Homburg Invest has finalised the acquisition of four commercial properties located in the Dutch cities of Eindhoven, Sittard, Rotterdam and Tilburg. In a statement, Homburg said the buildings were purchased through limited partnerships controlled by Homburg.
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PropertyEU Archive
Sponda seals EUR 1.5 bn credit facility
Sponda, a Helsinki-based real estate company, has signed an agreement for a one-year syndicated credit facility for a total of EUR 1.5 bn. The credit facility is for purchasing the share stock of Finnish peer Kapiteeli, Sponda said.
