Latest reports – Page 3795
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PropertyEU Archive
Reyal to invest EUR 350 mln in Madrid
Reyal Grupo, Spanish property group, intends to invest EUR 350 mln in the construction of 196 homes, a five-star hotel and a shopping centre at Paseo de la Castellana, in Madrid. The project, named Castellana 200, is likely to be completed in the end of 2009, said Rafael Santamaria, ...
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News
Fountain founder Sonden joins SocGen
EUROPE - Erik Sonden, the former head of European real estate investment banking at Deutsche Bank who co-founded Fountain Capital partners in 2002, has joined Société Générale. Sonden told IPE Real Estate: "I joined S...
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News
Citigroup hires Findlay-Shirras
EUROPE - Citigroup Property Investors has hired Alasdair Findlay-Shirras from Henderson Global Investors as director of business development for Europe. "It is my pleasure to announce that Alasdair Findlay-Shirras has joined Citigroup Propert...
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PropertyEU Archive
ING Real Estate launches Eurosiris Fund of Funds
ING Real Estate Select has launched a new fund called Eurosiris to meet what it describes as the escalating investor demand for additional property sector investment into continental Europe. The target fund size is EUR1 billion invested over the next three years, but there will be no limit to the ...
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PropertyEU Archive
Westbrook buys Paris hotel for EUR 101.5 mln
Westbrook has acquired hotel Concorde Saint Lazare in Paris from SOVAFIM, a land and property development company, for EUR 101.5 mln. Located in the 8th arrondissement of the French capital, the hotel was built in 1889 at the same time as the Saint-Lazare train station. The hotel comprises 15,000 m2, ...
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PropertyEU Archive
Spain's Sando to build 1,000 homes in Warsaw
Sando Immobiliara has bought the former bus terminus on Chemska street in Warsaw to develop 1,000 homes priced at around EUR 2,348 per m2, according to Polish magazine Gazeta Wyborcza.
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PropertyEU Archive
Telford Shopping Centre on market for EUR 679 mln
Jones Lang LaSalle UK has been appointed by Universities' Superannuation Scheme (USS) to market Telford Shopping Centre in Shropshire, UK for about £460 mln (EUR 679 mln). Property Week reported that USS has decided to sell the 92,902 m[sup]2[/sup] shopping centre because it wants to reduce its exposure to large ...
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PropertyEU Archive
Middle East investor to acquire London tower site
A consortium led by Middle Eastern investment firm Arab Investments is the frontrunner to acquire the site for the proposed 288-metre 'Helter-Skelter' tower in London, Property Week has reported. Arab Investments has made a £200 mln offer for a site in Bishopsgate this week.
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PropertyEU Archive
Diligentia sells Stockholm mall for EUR 440 mln
Sweden's Diligentia has sold the Sturegallerian shopping mall in the central business district of Stockholm to Abu Dhabi Investments for a total of SEK 4 bn (EUR 440m). Diligentia indicated it received a higher price from the sale than it had initially hoped for, but the management did not want ...
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PropertyEU Archive
Inmoracal to take stake in FCC
Inmoracal's manager Luis Portillo intends to take a 15,05% stake in FCC through Acciona. The share is valued around EUR 1,475 mln, Spanish economic magazine Negocios reported. 'The success of the operation will bring relief to Esther Koplowitz, the major FCC shareholder, and will add value to the Acciona group ...
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PropertyEU Archive
Aberdeen launches new Euro shopping fund
Aberdeen Property Investors has launched a new fund for international institutional investors. The Aberdeen European Shopping Property Fund is a closed-ended fund with a defined term of 10 years.
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PropertyEU Archive
Fabege gets Klovern shares to settle property transaction
Fabege, one of Sweden's largest listed property companies, has obtained 46.18 million shares of its peer Klovern as part payment for 46 properties sold to Klovern in September. Fabege now hold the equivalent of 27.7% of the capital and votes in Klovern.
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PropertyEU Archive
Germans 'selling assets too cheaply' - MAB executive
With all the current interest from foreign investors in the German property market, Germans may be selling their assets too cheaply, Jan G. F. Eijkemans, managing director international of Bouwfonds MAB, has warned.
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PropertyEU Archive
Premier invests EUR 27 mln in Valencia
Premier, a French-based property company, has opened an office in Valencia to further reinforce its position in the Spanish residential market. The company plans to develop an average of 250 buildings per year in the area. The first step is an investment of EUR 27 mln in the development of ...
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PropertyEU Archive
Cordea Savills clinches EUR 320 mln Italian portfolio deal
European property fund manager Cordea Savills has exchanged contracts for the purchase of an Italian property portfolio from Beni Stabili for EUR 320 mln.
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PropertyEU Archive
Eco Business Immobilien issues shares to fund acqusitions
Eco Business Immobilien, the listed Austrian property company, is to issue 2.5 million new shares, at EUR 12.80 a share, to raise EUR 32 million to the fund its international ambitions. The company said it is looking at Germany and the CEE markets in particular for acquisitions.
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PropertyEU Archive
CGD and Iberdrola cooperate in Portugal
Caixa Geral de Depositos and Iberdrola Inmobiliaria have signed a cooperation agreement for the management of projects in the Portuguese real estate market. The agreement was signed in Madrid through the subsidiaries Imocaixa, Iberdrola Inmobiliaria and Gestao Imobiliária, and regards both the finance and the development of projects in the ...
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PropertyEU Archive
C & W advises on largest Russian letting ever
VimpelCom, the first Russian company to be listed on the New York stock exchange, is to let the entire 31,600 m[sup]2[/sup] of offices in Moscow's Hermitage Plaza from developer Forum Properties.
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PropertyEU Archive
Germany is 'number one on everyone's radar screens'
Germany is the most popular location in Europe for foreign investors at the moment, said Roger Barris, managing director and European head at Merrill Lynch London, in remarks on Wednesday at an Urban Land Institute panel discussion in Frankfurt am Main.
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PropertyEU Archive
G-REITs will be a 'disappointment, but that's okay'
German real estate investment trusts (G-REITs) will be a disappointment for the first couple of years after they are introduced in January 2007 - but that's okay, said Struan Robertson, Managing Director and Head of Real Estate Europe and Middle East at Morgan Stanley London.
