Latest reports – Page 3792
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PropertyEU Archive
SEB Immobilien spends EUR 110 mln on Dutch offices
SEB Immobilien-Investment has acquired two office buildings in the Netherlands for EUR 110 mln from project developer Eurocommerce. The properties are the 19,400 m[sup]2[/sup] Apollo office building in Diemen, near Amsterdam, and the 5,020 m[sup]2[/sup] Kroonveste office building in the eastern Dutch city of Arnhem.
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PropertyEU Archive
Amsterdam 'needs' 13,000 extra hotel rooms
To keep Amsterdam on the tourist map the city will need around 13,000 extra hotel rooms in the coming 10 years, This comes to 100 new hotels within the city limits, a report by consultancy ZKA carried out on behalf of the Stadsregio Amsterdam regional agency has concluded.
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PropertyEU Archive
Inditex denies coveting Astroc
Inditex, the fashion retail group, is negotiating for the acquisition of Spanish real estate company Astroc Mediterraneo, financial sources have told the Bolsa Cinco newspaper. President of Inditex, Amancio Ortega, is said to be in talks with Astroc to acquire between 5% and 10% of the property company's capital.
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PropertyEU Archive
Spanish builders go on diversification shopping spree
Spain's real estate companies are increasingly eyeing major acquisitions abroad to diversify in the face of a slow-down of their staple activity. Building homes has always been where the money has been made in Spanish real estate. Offices, sports centres, shopping centres are also lucrative, but the main market ...
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PropertyEU Archive
CGS signs deed for Hanover logistics centre
Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Germany's Commerz Grundbesitz Group, has signed the deed for the Aircargo Logistics Centre Langenhagen near Hanover, Germany,. The property is earmarked for the company's Euro Property 1 institutional property fund. The purchase price for the asset was approx. EUR 25 million, resulting in an ...
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PropertyEU Archive
Kungsleden negotiates EUR 220 mln divestment
Kungsleden, Sweden's listed property company, has announced it has signed a letter of intent in relation to the divestment of Swedish commercial properties worth about SEK 2 bn (EUR 220 mln). Thomas Erseus, the company's ceo, told PropertyEU that the negotiations involved about 100 office properties in the centre and ...
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PropertyEU Archive
Aisa invests EUR 42 mln in Madrid office space
The Aisa Group has acquired an office property in Madrid for EUR 42 mln and is looking for tenants, the Spanish real estate company has informed Spain's national stock exchange CNMV. The property covers an area of 15,164 m[sup]2[/sup] and consists of two seven-floor buildings. Each building includes retail units ...
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PropertyEU Archive
Vivacon sells EUR 180 mln residential portfolio
Vivacon, the German real estate company, has sold a large portfolio of residential properties to an international institutional investor for EUR 180 mln. The portfolio consists of 5,133 residential units with a total area of 305,700 m[sup]2[/sup] predominantly located in northern Germany and North Rhine-Westphalia on Germany's western border.
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PropertyEU Archive
Warburg-Henderson spends EUR 115 mln on warehouses
Anglo-German open-ended fund Warburg-Henderson KAG has acquired four new warehouse properties in France, Germany, Italy and Spain for a total of EUR 115 mln. The properties are intended for Warburg-Henderson's Pan-Europa Fonds Number 1 in a forward-funding deal with Gazeley, the property division of shopping centre chain Asda.
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PropertyEU Archive
Bennetton sells Madrid property for EUR 27 mln
Italy's fashion retail group Benetton has sold a building in Madrid for EUR 27 mln, according to a company statement sent to the American Security and Exchange Commission (SEC) . The filing said the property, which is not a retail premises, is located on the Goya de Madrid. The identity ...
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PropertyEU Archive
Qatar fund buys Milan hotel for EUR 100 mln
The Qatar Investment Authority (QIA) has bought Milan's landmark Excelsior Hotel Gallia for more than EUR 100 mln, according to Jones Lang LaSalle Hotels, which advised on the deal. The 250-room luxury hotel with an eye-catching art nouveau facade is located on the Piazza Duca d'Aosta.
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PropertyEU Archive
Ivanhoe Cambridge expands presence in Germany
Ivanhoe Cambridge, one of Canada's leading real estate firms, has acquired a 92.5% stake in the Dusseldorf Arcaden shopping centre project for an investment of EUR 173.5 mln. Construction of the mall began in October 2006 and it is due for completion in the autumn of 2008.
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PropertyEU Archive
India's Unitech announces London listing plan
Unitech, India's largest publicly traded real estate firm, has announced plans to raise over EUR 532 mln through a listing of its new real estate investment company, Unitech Corporate Parks, on the London Stock Exchange's Alternative Investment Market (AIM).
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PropertyEU Archive
Latvia, Bulgaria lead house-price league
Property prices in Latvia, Bulgaria and Denmark rose faster than anywhere else in the world in the third quarter of 2006, according to a survey by British estate agency Knight Frank. The global index, compiled by the realtor, looks at property markets in 32 countries. It shows global property ...
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PropertyEU Archive
Fabege proposes Klovern share dividend
The board of Fabege, one of Sweden's largest listed property companies, plans to propose at the Annual General Meeting next year that all the shares it holds in peer Klovern be paid out as non-cash dividend. Under the proposal, Fabege's shareholders will get one Klovern share for every two Fabege ...
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PropertyEU Archive
Patrizia wins bidding for EUR 1 bn German portfolio
Patrizia, a real estate company focused on the residential market in Germany, has won the right to purchase a portfolio of 6,805 German residential and commercial properties. The acquisition is the largest single transaction in the company's history.
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PropertyEU Archive
UN expert weighs into Spain's property price debate
Miloon Kothari, the UN special rapporteur for human rights on adequate housing, has added his voice to criticism of high house prices in Spain. During a visit to Barcelona, Kothari referred to 'unacceptable' housing conditions in Spain and said other European countries are experiencing the same situation.
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PropertyEU Archive
Scottish Power backs Iberdrola's EUR 17.2 bn bid
The board of Scottish Power, a major British energy supplier, has backed an EUR 17.2 bn bid from Spain's Iberdrola in a move that would create Europe's third-largesst utility group. In the event the deal goes ahead, it will trigger a payout of up to EUR 6 mln for ...
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PropertyEU Archive
Car dealer in property sale and leaseback deal
Pendragon, the UK-based car dealership, plans to raise £238.9 mln to reduce debt through a sale and leaseback deal of 81 of its properties to a joint venture owned by the Pendragon Group and NWPI. There will also be a five-for-one stock split.
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PropertyEU Archive
TK Development sells retail park in Warsaw
Euro Mall Holding, a subsidiary of Denmark's TK Development, has sold its Targowek retail park in Warsaw to Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft for DK 235 mln (EUR 29 mln). Targowek Retail Park, covering 24,500 m2, is next to Targowek shopping centre, which attracts 8 million visitors a year. ...
