Latest reports – Page 3793
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PropertyEU Archive
Big three team up in new EUR 250 mln Italian fund
Italy's Gruppo Aedes has joined forces with German real estate company IVG Immobilien and GE Real Estate Italia on Petrarca, a new EUR 250 mln closed-ended real estate fund that will specialise in office properties. The fund is for institutional investors and is managed by Aedes BPM Real Estate.
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PropertyEU Archive
Fraport to pay EUR 650 mln to secure runway extension
Fraport, the owner of Frankfurt airport, has signed a Letter of Intent (LOI) with chemical company Celanese/Ticona, under which the latter has agreed to close its chemical plant at Kelsterbach by the middle of 2011 to allow the building of a new runway. All aeronautical obstacles are to be removed ...
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PropertyEU Archive
Lewis Charles Sofia fund buys Bulgaria land
Lewis Charles Securities, via its Sofia Property Fund, has purchased a plot of land with a build up area of 26,866 m[sup]2[/sup] on one of the hills in Veliko Tarnovo, Bulgaria. for EUR 2.42 mln. 'This is a large centrally located plot in an area which is attracting increasing ...
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PropertyEU Archive
Woman earns real million from virtual real estate
Anshe Chung of the Second Life virtual world claims to be the first online character with a net worth of $1 mln, thanks to a thriving business selling virtual real estate to other gamers.
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PropertyEU Archive
Qatari group eyes Chelsea barracks
A Qatari state company is in talks with Britain's Ministry of Defence to acquire Chelsea Barracks in London. Qatari Diar Real Estate and Investment is conducting the talks, Qatari foreign minister Sheikh Hamad bin Jassim told the Trade Arabia business information news website has reported, Sheikh Hamad is also the ...
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PropertyEU Archive
Grupo Sanchez to build 30,000 homes in Brasil
Spanish property company Sanchez Group has presented its plans for a major Brazilian tourist project during the Lisbon real estate fair SIL. The project consists of 30,000 tourist homes to be built in Natal, in the north-east of Brazil, Sanchez's commercial director Francesc Mora, Sanchez told Spanish news agency EFE.
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PropertyEU Archive
Teesland launches Nordic Aktiv fund
Teesland, the UK and European property fund and asset managemer, has launched the EUR 850 mln Nordic Aktiv fund to invest in the four Nordic countries - Denmark, Sweden, Finland and Norway. The fund will focus on acquiring high-yielding mixed commercial properties with a strong emphasis on multi-let buildings, ...
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PropertyEU Archive
Martinsa's Fadesa offer gets approval
The EUR 4.04 bn takeover offer made by Spanish property company Martinsa for peer Fadesa has been approved by Competencia, the Economy and Housing Ministry's competition agency. The offer now requires the consent of CNMV, the National Commission on Stock Exchanges.
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PropertyEU Archive
New mall opens in Malaga
The Spanish minister of Public Works Magdalena Alvarez attended the opening of the new 67,454 m[sup]2[/sup] Vialia shopping centre in Malaga this week. The project was developed by Riofisa and Adif, through its subsidiary Necsa, and it has required an investment of EUR 82 mln. The two-level centre is ...
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PropertyEU Archive
First Indian real estate firm to list on Euronext
Yatra Capital is to be the first Indian real estate company to list on the Euronext stock exchange following the placing of 10 million ordinary shares of EUR 10 each. This gives it an initial market capitalisation of EUR 100 mln. Once bank borrowings are taken into account it will ...
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PropertyEU Archive
Rodamco unmoved by partial opening at Zlote Tarasy complex
The retail part of the delay-plagued Zlote Tarasy multifunctional complex in the centre of Warsaw is to open on February 7 next year, developer ING Real Estate declared in an upbeat statement released on Monday evening.
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PropertyEU Archive
DEGI buys German offices for EUR 22.5 mln
DEGI, the real estate investment arm of German insurer Allianz Group, has purchased an office project in Bad Homburg near Frankfurt am Main for a total investment volume of around EUR 22.5 mln. The five-storey office building, comprising 7,800 m[sup]2[/sup] of lettable space and 236 parking spaces, is already ...
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PropertyEU Archive
DIC acquires EUR 205 mln Hamburg portfolio
Frankfurt-based DIC Group has acquired the 'Primo 3' portfolio from the City of Hamburg in a deal with a total investment volume of EUR 205 mln. The portfolio consists of 52 commercial properties with a total floor space of around 176,000 m[sup]2[/sup]. The transaction is subject to the approval ...
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PropertyEU Archive
Multiplex to set up EUR 356 mln property fund
Multiplex Capital has announced it intends to launch a new fund to invest in European real estate. The fund has an initial portfolio of 67 German properties valued at EUR 356 mln. Multiplex Capital is the fund management division of Australia's Multiplex Group.
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PropertyEU Archive
Banks appointed to value Colonial merger
International banks Citigroup and Calyon have been appointed by property companies Inmoracal and Inmobiliaria Colonial to value and decide on the stock exchange rate for their mega merger.
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PropertyEU Archive
ING RE in 2nd largest single Dutch office deal of 2006
ING Real Estate Development has sold the Acanthus office building in Amsterdam's south-eastern business district to Credit Suisse Asset Management for about EUR 174 mln - the second largest single office transaction in the Netherlands this year.
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PropertyEU Archive
North Real Estate in major Romanian buy
North Real Estate Opportunities Fund has announced the acquisition of a retail park in Romania for EUR 83 mln. The deal involving the 50,000 m[sup]2[/sup] European Retail Park Sibiu in Transylvania is thought to be one of the largest real estate deals in Romania to date, Freeman European News reported. ...
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PropertyEU Archive
Ferrovial to sell real estate unit
Grupo Ferrovial has begun talks with several parties interested in buying its real estate subsidiary, Spanish newspaper Cinco Dias reported, citing unnamed sources close to the discussions. Family-owned property company Lubasa has previously expressed interest and is believed to be in pole position to buy the subsidiary, the paper said.
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News
ING launches Eurosiris fund of funds
REAL ESTATE - ING Real Estate Select has launched a fund for investors who want to allocate their assets in continental Europe, it announced.
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News
Virginia Retirement System invests in commingled
REAL ESTATE - The Virginia Retirement System has approved investments in three new commingled funds. The total amount invested is $410m. It made two commitments to core commingled funds. One of these was a $175m commitment to the Strategy Proper...
