Latest reports – Page 3791
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PropertyEU Archive
PRUPIM steps into German market with EUR 20 mln buy
Prudential Property Investment Managers (PRUPIM) has moved into the German real estate market with the acquisition of the Glashaus project in Munich's district Parkstadt Schwabing. The office development was bought from German developer Paulus Immobilien on behalf of the M&G European Property Fund.
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PropertyEU Archive
North Real Estate signals 2nd Romanian investment
North Real Estate Opportunities Fund has announced it is investing EUR 60 mln in the development of Bucovina Shopping Centre in Suceava in Romania. The 55,000 m[sup]2[/sup] mall will be the largest in the area and will b anchored by France's Carrefour and a Mobexpert furniture superstore.
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PropertyEU Archive
Castellum sells last pure residential property for EUR 28.2 mln
Swedish real estate company Castellum has sold the last remaining pure residential property in its portfolio for SEK 255 mln (EUR 28.2 mln) to a new tenant owners association. Castellum said the property consists of a number of buildings, comprising 183 apartments with a total area of 13,700 m[sup]2[/sup]. Possession ...
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PropertyEU Archive
Colonia RE joins MSCI Germany index
Colonia Real Estate has been added to the Morgan Stanley Capital International (MSCI) Germany Small Cap Index. 'This reflects the successful growth of the company, the until today reached market capitalisation and therefore the resulting interest of investors, Cologne-based company said in a statement. Colonia is a listed real ...
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PropertyEU Archive
Veris snaps up 2 Irish property firms for EUR 8 mln
Property services group Veris has announced the acquisition of two rival Irish property management companies - Glenrye Properties Services and Premier Property Management for EUR 8 mln in cash and shares. Veris said the acquisitions will help it build on its integrated property services approach. Formerly known as Irish Estates, ...
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PropertyEU Archive
Patron Capital to acquire the Archipel portfolio
UK-based Patron Capital fund, in association with Bolton Square and Cleaveland, has acquired the Archipel portfolio, a set of office buildings comprising 33 assets with a total lettable area of 42,000 m[sup]2[/sup] in France. The portfolio was sold by the Edissimo property investment trust and managed by CAAM RE, the ...
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PropertyEU Archive
Plaza gets go ahead for EUR 749 mln mall in Bucharest
Plaza Centers, a developer of shopping malls in eastern Europe, has received permission to build a EUR 749 mln shopping and entertainment centre in the centre of Bucharest. Plaza, a subsidiary of Israeli public company Elbit Medical Imaging, holds a 75% stake in the Casa Radio project, while the Romanian ...
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PropertyEU Archive
Lualca and Ibercaja to invest EUR 130 mln in Reyal
The Spanish property company Lualca and the bank group Ibercaja have taken a 4.09% and 1.68% stake respectively in Reyal for a total investment of EUR 131 mln. The operation was concluded before Reyal boosts its capital by EUR 2.2 bn as a first-step to acquire real estate peer ...
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PropertyEU Archive
Leader Holdings sells German properties for EUR 133 mln
Leader Real Estate has announced it has signed a contract for the of properties in Germany for EUR 133 mln. The subsidiary of Israeli's Leader Holdings and Investments said the transaction was carried out in cooperation with its partners but it gave no details of the buildings, except to say ...
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PropertyEU Archive
Acciona wins EUR 7.2 mln contract for exhibition centre
Acciona has been awarded a EUR 7.2 mln contract for the first phase construction of an exhibition centre in Cuenca, near Madrid. In a statement, the company said its Acciona Infraestructuras subsidiary will construct a multi-purpose 3,702 m[sup]2[/sup] glass and steel pavilion, with completion expected in seven months.
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PropertyEU Archive
Iberdrola said to be mulling real estate sell-off
Spanish utility company Iberdrola is reportedly considering selling its real estate unit to help finance a EUR 17.2 bn bid for Scottish Power, according to a report in Spain's business daily Expansion. The newspaper said Iberdrola's chairman Ignacio Sanchez Galan has been opposed to the sell-off up to now because ...
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PropertyEU Archive
NH Hoteles to raise new share capital
NH Hoteles announced it will issue 16.37 million new shares at a minimum price of EUR 15.27, increasing its capital by around EUR 250 mln. The company will present the proposal to the CNMV, the Spanish national stock exchange commission, on December 28 for approval. The hotel chain did not ...
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PropertyEU Archive
KFN sells 12 buildings to Cortona for EUR 75 mln
Dutch property investor KFN has sold its Triangle portfolio to fellow Dutch company Cortona Estates for about EUR 75 mln, property advisor DTZ Zadelhoff said on Friday. The portfolio comprises 12 office buildings with a total of 42,800 m[sup]2[/sup] of lettable area. The buildings sold are in various locations ...
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PropertyEU Archive
Skanska to build EUR 70 mln post terminal in Oslo
Skanska, Scandinavia's largest construction company, has been awarded the contract to build a new post office terminal in Oslo for the Norwegian Postal Service (Posten). The contract amounts to NOK 570 mln (about EUR 70 mln). The assignment is for the new 150,000 m[sup]2[/sup] eastern terminal in Lorenskog, northeast of ...
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PropertyEU Archive
Plans for major Spanish residential-leisure complex revealed
Global Consulting Partners is planning to develop a major residential and leisure complex in Picon, a small town in the Castilla La Mancha region of central Spain. The company plans to build homes, retail stores, hotels and a golf course on 6.5 million m[sup]2[/sup] of land.
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PropertyEU Archive
Sacyr to get third board seat on Repsol
Repsol YPF, Spain's largest oil company, is to give construction company Sacyr Vallerhermoso a third seat on its board at the next annual general meeting in 2007, according to a media report. Sacyr Vallehermoso raised its stake in Repsol up to almost 17% in November as it moves closer to ...
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PropertyEU Archive
British pension fund buys into Bulgarian developer
Britain's Universities Superannuation Scheme (USS) has bought 250,000 shares of Bulgarian Land Development (BLD) for just over £213,000 (EUR 315,000), increasing its holding in the company to over 1.7 million shares.
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PropertyEU Archive
Skanska buys Slovakian construction firm
Swedish construction giant Skanska has acquired its Slovakian peer Stamart for an undisclosed sum from a group of private investors. The acquisition is subject to regulatory approval and barring any hitches Stamart will be consolidated into Skanska's accounts early next year.
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PropertyEU Archive
Dutch break real estate investment record
The EUR 7.8 bn record set in 2005 for annual real estate investment in the Netherlands has been surpassed in the last few weeks of November. Research by PropertyNL has shown deals worth a total of EUR 7.9 bn have already been transacted so far this year.
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PropertyEU Archive
ECM plans to raise EUR 88 mln in IPO
Czech property developer ECM Real Estate Investments expects to raise at least EUR 88 mln through an initial public offering (IPO) to finance expansion in Russia and in its home market. ECM is intends offer 1.275 million new shares along with 315,000 existing shares priced at a maximum of EUR ...
