Latest reports – Page 3796
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PropertyEU Archive
Astroc acquires 49.99% of Landscape
Astroc, the leading Spanish real estate company, has concluded agreements for the acquisition of 49.99% of Landscape, the real estate subsidiary of Banco Sabadell. Investment vehicles Alramaev and Courrent Assets, owned by various companies, are buying the remaining shares. Alramaev will get 45.01% and Courrent Assets will hold 5.1%.
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PropertyEU Archive
Credit Foncier launches bid for Locindus
Credit Foncier de France, a Caisse d'Epargne subsidiary, has launched a EUR 300 mln public offer for Locindus. The bid of EUR 37 a share represents a 12% premium to the latest price and a 48% premium to the published Net Asset Value at cost. The bid will likely succeed ...
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PropertyEU Archive
Develica acquires German offices for EUR 34.6 mln
Develica Deutschland, the AIM-listed specialist German property fund, has announced that it has exchanged contracts for the acquisition of three office properties in Darmstadt for a total of EUR 34.6 mln, reflecting a yield of 6.01%.
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PropertyEU Archive
ULI Germany presents leadership awards
Bernd Knobloch, chairman of the board of Eurohypo, was among the winners of the leadership awards presented by the Urban Land Institute (ULI) Germany on Wednesday evening at a ceremony in Frankfurt am Main.
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PropertyEU Archive
Capital & Regional in EUR 50 mln 'big box' acquisition
Capital & Regional has said that its joint venture with Hahn, a German property group, has purchased a portfolio of 'big box' stores in Germany for EUR 50 mln.
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PropertyEU Archive
Mondura puts off IPO
Mondura Liegenschaften, a German property company, has postponed selling shares in an IPO, according to a report in FT Deutschland which cites unidentified sources. The newspaper said that the company originally planned the IPO for the end of this year, but doesn't think it can raise what it needs in ...
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PropertyEU Archive
Colonial muscles in on EUR 1 bn Hercules portfolio
Colonial Real Estate has taken a first stake of 4.8% in OCM German Real Estate Holding, the 100% owner of the EUR 1.1 bn Hercules real estate portfolio. Colonial acquired the interest through its subsidiary CRE German Office and it said it plans further acquisitions.
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PropertyEU Archive
Barings to shun eastern Europe in property hunt
Barings Asset Management is not about to follow the pack and invest large-scale in the east European property market since increasing its exposure to international property. Instead the company's Dublin-domiciled Multi Manager Property Fund is to play it safe by focusing on western and central Europe, according to David Coombs, ...
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PropertyEU Archive
DIC Asset invests EUR 37 mln in retail parks
Frankfurt-based real estate company DIC Asset has reached agreement with Rheinische Grundbesitz & Beteiligungs on the takeover of five retail parks under construction in the Rhine-Neckar region of Germany. DIC Asset said more acquisitions are planned.
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PropertyEU Archive
Keops sells 68 properties for almost EUR 314 mln
Keops, a Danish property developer and investor, has entered into a conditional agreement with Essex Invest Sverige for the sale of 68 Swedish residential properties for SEK 2.85 bn (EUR 313.85 mln). The agreement relates to
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PropertyEU Archive
Bouygues Immobilier sets up low-cost house building unit
Bouygues Immobilier, the property division of France's Bouygues, has set up a new subsidiary, Maisons Elika, to build private homes targeted at households with a net monthly income of less than EUR 2,500. Maisons Elika has already started five projects and aims to build 1,000 houses a year by ...
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PropertyEU Archive
Berlin rules out housing sell-off to ease debts
Berlin's re-elected coalition of Social Democrats (SPD) and the Left Party-PDS have decided against selling any of the city's stock of 270,000 homes to ease its massive debts. Berlin has the highest per capita debt of any German state.
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PropertyEU Archive
TK Development sells retail park in Czech Republic
Euro Mall Holding, a subsidiary of TK Development, has entered into an agreement for the sale of a 10,600 m[sup]2[/sup] retail park in Ostrava, the Czech Republic, to GE Real Estate Central Europe. The selling price is expected to amount to about DKK 120 mln (EUR 16 mln) and construction ...
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PropertyEU Archive
Invista Europe to raise £166.2 mln in IPO
Invista European Real Estate Trust has announced it will raise about £166.2 mln (EUR 240.3 mln) by a public offering of 83.1 million shares at £2 each. The company said it will receive £126 mln and shareholders will get the remaining £40.2 mln.
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PropertyEU Archive
Alta Fides plans IPO
Alta Fides is planning an initial public offering (IPO) on the Frankfurt stock exchange before the end of this year, the Stuttgart-based real estate company has announced. Alta Fides' main business activities are project development and trading in real estate, and it's subsidiary Profecto focuses on utilising non-performing loans.
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PropertyEU Archive
CA Immo buys Hesse's Leo II portfolio for EUR 770 mln
Austrian real estate company CA Immo has announced the acquisition of the Leo II portfolio in the German state of Hesse for about EUR 770 mln. The portfolio consists of 36 state-owned properties and 170 homes that have been sold in a sale-and-lease-back agreement.
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PropertyEU Archive
Cordares ponder pooling real estate and pension funds
Cordares, the Amsterdam-based pensions provider, has said it is considering setting up direct real estate pooled funds with pension funds to initially target the Danish, German and Belgian markets, the website of Investment and Pensions Europe (IPE) reported. Cordares real estate director Geert de Nekker told IPE the move would ...
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PropertyEU Archive
APN buys Bucharest mall for EUR 104 mln
APN Property Group, an Australian manager of property funds, bought Bucharest's City Mall for EUR 104 mln, Daily Ziarul Financiar reported. The price paid for the city's third-largest mall is the highest ever for a single property in the Romanian capital, the newspaper said, citing an APN report. APN's purchase ...
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PropertyEU Archive
ING RE acquires Warsaw shopping centre
ING Real Estate Investment Management has acquired the 6,500 m[sup]2[/sup] shopping gallery in the established King Cross Shopping Centre Praga in Warsaw, Poland, for nearly EUR 40 million. The property was acquired from the centre's developer and manager, King Cross Group from Italy.
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PropertyEU Archive
Economic growth pushing office demand - Savills
Strengthening economic activity has translated into improved demand in European office markets and a higher take-up level over the first half of 2006. Incentives are becoming less generous and real positive rental growth is recorded in most markets, according to a survey of the European office markets by Savills' ...
