Latest reports – Page 3800
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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
Multi Development wins at Mapic
Multi Development, the Netherlands-based developer and investor, has won the EG European Retail Property Company Award 2006 at Mapic in Cannes. The jury, chaired by Nigel Woolnar (Chapman Taylor and chairman of the British Council of Shopping Centers) picked Multi as the most successful European cross-border developer from a ...
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PropertyEU Archive
Befimmo results lower than expected
Belgian asset management company Befimmo has said it is upbeat about 2007 following a substantial increase in the value of its portfolio in the last 12 months. The company reported net result of EUR 65,989 mln for the book year compared with EUR 64,852 a year earlier.
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PropertyEU Archive
Property trade-in for Italy's Ministry of Defence
The Italian Ministry of Defence can trade its residential portfolio with local government properties. A new amendment introduced yesterday in the 'Finanziaria', the State annual financial budget, allows the Ministry, directed by Arturo Parisi, to get rid of military properties through an exchange with property owned by the local government.
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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.
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PropertyEU Archive
Westbrook and Stam Europe acquire warehouse portfolio
Westbrook Partners, a Boston-based real estate company, and Paris-based commercial property group STAM Europe have teamed up to acquire a portfolio of seven French warehouses, comprising a total of 90,000 m2, for EUR 41 mln. Six of these assets are situated in the Paris region, and one in Lyons. ...
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PropertyEU Archive
Kardan in residential deal with Deutsche Bank affiliate
Kardan, the listed Dutch-based real estate company, has announced its real estate subsidiary, Globe Trade Centre, will develop residential property in Romania and Hungary together with RREEF, an affiliate of Deutsche Bank.
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PropertyEU Archive
St Martins acquires largest mall in Europe
St Martins Property, the UK-based property development and investment company, has agreed to buy Cevahir shopping centre in Istanbul for about EUR 750 mln. Cevahir, Europe's largest shopping centre, opened at the end of 2005. The six-storey mall has 320 units, which are let to national and international retailers, ...
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PropertyEU Archive
Alan Grupo Inmobiliario invests EUR 45 mln in residential complex
Alan Grupo Inmobiliario, the Spanish Real Estate company, is investing in the construction of a 14,000 m[sup]2[/sup] residential complex in Puerta de Hierro, in Madrid. The complex, called Residential Alborada, consists of 96 buildings and green areas amounting to 3,500 m[sup]2[/sup]. The company is investing EUR 45 mln in the ...
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PropertyEU Archive
Turkey offers great opportunities, Mapic hears
The risks of investing in Turkish real estate will loom less large as long as the presidential and parliamentary elections pass off in an orderly fashion and Turkey remains a stabile in 2008, Ali Zeki Pamir, director of DTZ Pamir & Soyeur told the Mapic international retail real estate fair ...
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PropertyEU Archive
Continental European retail investment may exceed EUR 20 bn in 2006
A total of EUR 14.6 bn was transacted in continental European retail real estate in the first nine months of 2006, almost matching the total of EUR 14.7 bn for all of 2005, according to new research published by Jones Lang La Salle at the start of the Mapic trade ...
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PropertyEU Archive
Hercesa acquires property in Romania for 800 houses
Hercesa, the Spanish real estate group owned by the Cercadillo family, has acquired a 18,000 m[sup]2[/sup] plot in Orhideer in the west part of Bucarest. The company said the site will house a 80,000 m[sup]2[/sup] residential area and announced the construction of 800 homes in the next few years. The ...
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PropertyEU Archive
Keller appointed to chair RICs Netherlands
Peter J. Keller MRE MRICS has been appointed the new chairman of the Dutch branch of the Royal Institution of Chartered Surveyors (RICS). Keller (49), the director of property management at residential property fund Vesteda, replaces Paul Stotesbury FRICS, who has led RICS Netherlands for eight years. RICS was established ...
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PropertyEU Archive
European shopping centre bonaza set to continue
Shopping centre completions continue at a record level in Europe, with 8 million m[sup]2[/sup] due to open in 2006-2007, property advisor Jones Lang LaSalle said in a report timed to coincide with the start of the Mapic retail real estate trade fair in Cannes, France. 2005 was also a ...
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PropertyEU Archive
Socialists set up working group to boost Spanish rental market
PSOE, the Spanish socialist party, has formed a working group to help boost the residential rental market in Spain, EFE, the national news agency, reported. The proposals made by the Grupo de Trabajo de Vivienda de Alquiler will apply to local, central and regional government level and will form the ...
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PropertyEU Archive
Skanska offers commission-free trading to small shareholders
Swedish construction company Skanska has offered its shareholders with holdings of between 1 and 199 shares to increase their holdings to one round lot (200 shares) or to sell their entire holding back to the company, without paying trading fees. The offer is being made in partnership with Swedbank Markets ...
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PropertyEU Archive
Glasgow's Forge mall sold for EUR 204 mln
An Irish investor has concluded the purchase of the Forge Shopping Centre in Glasgow from the Grosvenor Shopping Centre Fund for just under £138 mln (EUR 204 mln). The sale represents an initial yield of 4.85%.
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PropertyEU Archive
New 32,000 m[sup]2[/sup] mall opens in Madrid
The 32,000 m[sup]2[/sup] Espacio Torrelodones shopping mall opened its doors in Madrid on Tuesday. The centre features shops, restaurants and leisure facilities is owned by WestInvest and was developed by Multi Development Spain in cooperation with Eroski.
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PropertyEU Archive
Retail professionals gather in Cannes
A record 8,000 delegates are expected to attend when Mapic 2006, the international retail trade fair, begins in the French Riviera city of Cannes on Wednesday.
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PropertyEU Archive
EUR 3.3 bn Derwent London link-up may become REIT
Commercial property investor Derwent Valley and peer London Merchant Securities (LMS) have reached agreement on a recommended merger. The new entity will be called Derwent London and will focus on development, refurbishment and active management of properties in the Central London area. The group will have a combined portfolio valued ...
