Latest reports – Page 3799
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PropertyEU Archive
Foreign investment declines in Spanish real estate
Foreign investment in the Spanish real estate market amounted to EUR 3.07 bn in the first eight months of 2006, representing a decline of 16.2% compared to the year before, according to the Spanish Central Bank. At the same time investment by Spanish real states groups abroad almost doubled between ...
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PropertyEU Archive
Sonae Sierra's malls in ICSC finals
Two of Sonae Sierra's shopping and leisure centres, RioSul Shopping in Seixal, and Mediterranean Cosmos in Thessalonica, Greece, have been nominated for the 2007 European Shopping Centre Awards, the company announced on Friday.
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PropertyEU Archive
The winners of the Mapic 2006 Awards are...
Six retailers have been recognised from a shortlist of 28 of their peers for the 'dynamism displayed in their international expansion ' at the 11th Mapic Awards 2006 in Cannes, France.
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PropertyEU Archive
Russian retail market 'underestimated' - Mapic
The Russian retail market is being seriously underestimated, David O'Hara, general director of DTZ Moscow said during the Russian Breakfast event at Mapic. Many well-known investors are quicker to consider the prospects in the Warsaw, while the Russian capital has the potential to grow to challenge Paris for the retail ...
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PropertyEU Archive
Nedlloyd sells portfolio to Delta Lloyd
The real estate arm of Amsterdam-based financial services group Delta Lloyd has announced the finalisation of the acquisition of a large portfolio of Dutch properties from Nedlloyd Pension Fund for an undisclosed sum. The portfolio comprises 15 office buildings, about 435 homes and various retail properties in the Netherlands, including ...
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PropertyEU Archive
Savills Commerical opens Budapest office
Savills, the UK-based property advisor, has opened a new office in Budapest, Hungary. The team will be headed by Peter Chatfield, who previously worked for Colliers in Prague and before that for Jones Lang LaSalle in Hungary and Poland.
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PropertyEU Archive
ImmoEast in EUR 210 mln Romanian acquisition
ImmoEast, the largest listed property company in Austria, has announced the acquisition of a EUR 210 mln shopping centre development in Romania from Hungary's TriGranit. The new mall in the Romanian city of Cluj will comprise a total lettable space of 100,000 m[sup]2[/sup] and is scheduled for completion in November ...
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PropertyEU Archive
C & W wins European property award
Property advisor Cushman & Wakefield has been named European Retail Property Adviser 2006 at the inaugural EG Retail & Future Project Awards during MAPIC 2006 in Cannes.
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PropertyEU Archive
Portugal's number 2 retail centre opens
Viana Retail Center has opened its doors to the public. Developed by Bouygues Imobiliária, a Portuguese company active since 1999 in the real estate sector, this is the second retail centre in Portugal, and is one out of six projects with the retail-centre format that the company intends to expand ...
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PropertyEU Archive
Frankfurt Hoch Vier rental deal agreed
Bouwfonds MAB, the Netherlands-based developer, and Media Saturn have signed a letter of intent at Mapic in Cannes in relation to the letting of 7,800 m[sup]2[/sup] of retail space at the multifunctional Hoch Vier project in Frankfurt. Media Saturn is renting on the 3rd and 4th floors of the centre.
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PropertyEU Archive
Metrovacesa is willing to expand further but not in Eastern Europe
Metrovacesa, Spain's largest property company, is looking to expand in Europe as the national market grows increasingly overheated, COO Carlos Vara told Dow Jones Newswires at the Mapic retail property conference in France. Vara said the company is looking to grow through acquisitions in France, Germany, Italy, Belgium and Poland ...
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PropertyEU Archive
Mougin Investissements launches new concept
Mougin Investissements, a French-based real estate company, plans to develop its first 'Cite de l'Habitat' concept in the French city of Reims. The concept combines all the specialised contractors in the housing world - construction, renovation and fitting out - at one site.
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PropertyEU Archive
IERET buys office building in France
A subsidiary of the Pacific Investments Group has sold the Delta office building in Val d’Oise, France to Insight European Real Estate Trust (IERET). The four-storey building conprises18,000 m[sup]2[/sup] and includes a company restaurant and 512 parking spaces. The sale price was not disclosed. The rent is around EUR ...
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PropertyEU Archive
DEGI makes first institutional investment in Belgium
DEGI, the real estate investment company of German insurer Allianz Group, has purchased its first property in Belgium for its open-ended fund DEGI Global Business. The nine-storey property with 19,472 m[sup]2[/sup] of office space in Liege was purchased from Belgian company Confinimmo for EUR 31.3 mln. The property is located ...
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PropertyEU Archive
GE Real Estate set up new property company
US-based GE Real Estate has announced the creation of a new listed property company under the name of IPBM. François Trausch, president of GE Real Estate France, has been appointed president of the Board of Directors. Marc Henrion, manager of the corporate acquisitions and shareholdings department at GE ...
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PropertyEU Archive
Shopping centres outperform other real estate sectors, CBRE/IPD reports
The shopping centre sector last year outperformed the other real estate sectors in seven of the 13 countries surveyed in the third edition of the CB Richard Ellis/IPD European Shopping Centre Digest. In a further three countries, shopping centres were only outperformed by other retail property.
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PropertyEU Archive
Slough Estates to embrace UK-REIT, review US business
Slough Estates, the UK-based property investment and development company, has announced it is to begin the process to obtain real estate investment trust (REIT) status in the UK.
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PropertyEU Archive
Business Improvement Districts need active owners - Mapic
Business Improvement Districts (BID) perform best when they are owner driven rather than tenant driven, Matthew Bauer of the Madison Avenue Business Improvement District and Gary Reeves of the New West End Company said at Mapic, the international market for retail real estate, in Cannes.
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PropertyEU Archive
Milanofiori sells office development for EUR 91.25 mln
Milanofiori 2000, a subsidiary of Italian property investment group Brioschi Finanziaria, has sold two office projects in the south of Milan to the Polis Fund management company for EUR 91.25 mln, property advisor Savills has said.
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PropertyEU Archive
Inmocaral sees Colonial merger by early 2007
Luis Portillo, president of Colonial and Inmoracal, has said the merger of the two Spain-based companies should be completed by the first quarter of 2007 or the beginning of the second.
