All Real Assets articles in Web Issue – Page 189
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PropertyEU Archive
QPG's Dunlop wins Czech award
Roger Dunlop, CEO of Quinlan Private Golub (QPG) has been named Personality of the Year 2007 for the Czech Republic at the annual Central European property awards hosted by Construction & Investment Journal. The award was presented at a reception on 29 November at the Prague Marriott Hotel.
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PropertyEU Archive
CB Richard Ellis welcomes new Irish budget
The 2008 Irish budget has been welcomed by the property industry, according to property consultant CB Richard Ellis (CBRE). Characterising it as a prudent budget, the company declared it would support property market performance in the medium term. Marie Hunt, director of research at CBRE, Ireland commended minister Brian Cowen ...
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PropertyEU Archive
GLL buys shopping mall in Poitiers
Germany's GLL Real Estate Partners has announced the acquisition of Les Cordeliers shopping centre in the French city of Poitiers on behalf of its GLL Retail fund. Financial details were not disclosed.
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PropertyEU Archive
Ford reappoints C&W as real estate partner
Ford Motor Company has extended its contract with Cushman & Wakefield as its preferred real estate partner for the EMEA and APAC regions for a further two years.
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PropertyEU Archive
VGP launches IPO on Euronext and Prague Stock Exchange
VGP, the Czech real estate development and management group focusing on semi-industrial property in Central Europe, has allocated EUR 55 mln in shares through listings on Euronext and the Prague Stock Exchange. Priced at EUR 15.25 per share, the company offered more than 3.3 million new shares with just over ...
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PropertyEU Archive
Teorema postpones listing
Cypriot-registered real estate development and management company Teorema Holding postponed its IPO plans this week, blaming 'current market conditions'. Teorema Holding is the parent company of the Teorema Group, which owns over 80,000 m[sup]2[/sup] of commercial space in St. Petersburg in addition to 9,600 m[sup]2[/sup] of warehouse space. Future development ...
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PropertyEU Archive
Marbleton jv plans EUR 100m Ukraine retail portfolio
Marbleton Property Fund has teamed up with Alfa Bank Ukraine and Griffin Investment Partners to form a joint venture to acquire a EUR 100 mln portfolio of high-street properties in secondary cities in Ukraine. Each of the partners has so far committed EUR 10 mln to the venture called Metropolitan ...
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PropertyEU Archive
Orchard gets green light for EUR 107m Bulgarian mixed-use project
Sofia-based Orchard Developments has been granted a permit for the construction of Orchid MultiUse Complex, which includes the Grand Mall Varna, in the Bulgarian port city of Varna.
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PropertyEU Archive
Axa REIM acquires office property in Madrid for EUR 116m
AXA Real Estate Investment Managers, the property investment arm of the French financial group AXA, has acquired an office building in Madrid from Spanish property developer Oncisa for EUR 116 mln. The property was acquired for an unnamed client, AXA said. The parties were advised by Savills. AXA was also ...
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PropertyEU Archive
Balfour Beatty wins £350m British Energy contract
UK construction firm Balfour Beatty said it had won a seven-year contract with a potential annual value of £50 mln (EUR 69.5 mln) a year from British Energy Generation. The contract is for the facility management of British Energy's portfolio of eight nuclear power stations and two office complexes in ...
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PropertyEU Archive
Arcandor agrees massive property sale with Pirelli-RREEF syndicate
Arcandor, the largest department store owner in Germany, has signed a letter of intent to sell its 49% stake in the EUR 4.7 bn Highstreet real estate company to a syndicate of Deutsche Bank's RREEF unit, Milan-based Pirelli Real Estate and the Italian family-run Borletti Group. Arcandor said earlier it ...
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PropertyEU Archive
Livermore increases stake in Atlas Estates
Livermore Investments Group has announced that it has acquired 905,000 issued ordinary shares in Atlas Estates to increase its stake in the real estate investment and development company by 1.85% to over 10%. Both Livermore and Atlas are listed on London's junior AIM market.
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PropertyEU Archive
Plaza prepares public offering in Tel Aviv
Plaza Centers, a developer focused on Central and Eastern Europe, is filing a draft prospectus with the Israeli Securities Authority and Tel Aviv Stock Exchange (TASE) in connection with a potential public offering of unsecured non-convertible Series B Notes and a listing on TASE.
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PropertyEU Archive
Financial regulator blocks Gecina's share buyback
Paris-listed property company Gecina said on Thursday that its board will carry out a detailed examination of the ruling by French financial regulator AMF that a share buyback programme cannot go ahead. Buying back and cancelling almost 14 million shares was to be part of the process of demerging Gecina ...
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PropertyEU Archive
Irish developer launches office project in Bucharest
Irish-based real estate developer Moritz Group has announced the launch of Felix Plaza project, a 35,000 m[sup]2[/sup] office building with 24 floors and a heliport, in Bucharest.
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PropertyEU Archive
Kungsleden completes sell-off Orkla, DnB NOR, upgrades forecast
Swedish property company Kungsleden has completed the sale of 82 Swedish commercial properties to Norwegian asset manager Orkla Finans Kapitalförvaltning and Norwegian investment bank DnB NOR Markets. The company also upgraded its full-year 2007 profit forecast to SEK 1.8 bn (EUR 191 mln) from SEK 1.4 bn (EUR 148 mln).
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PropertyEU Archive
Council backs Trump's EUR 1.4bn Scottish golf resort plan
Aberdeenshire City Council in Scotland has reversed an earlier rejection of the plans by property magnate Donald Trump to construct a £1 bn (EUR 1.4 bn) golf resort in the area. The development is opposed by environmentalists and some residents who say it would have a negative impact on the ...
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PropertyEU Archive
Trigon Property to issue up to EUR 127m in shares to fund Baltic shopping centre
Estonian property developer Trigon Property Development said it plans to issue up to EUR 127 mln in shares to fund construction of a shopping centre development project near the Estonian capital Tallinn. Trigon is entering what is known as The Gate Tallinn Project through a strategic partnership with Chester Universal ...
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PropertyEU Archive
Colonial sells EUR 155m of assets to reduce debt
Spanish real estate company Inmobiliaria Colonial is carrying out a series of disposals to reduce the company's debt of EUR 8.9 bn. The property giant has agreed to sell an office building in Madrid to ING RE for EUR 80 mln and is selling assets in Barcelona to Spanish peer ...
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PropertyEU Archive
Eurobank Properties raises EUR 330m to fund expansion
Greek real estate investment company Eurobank Properties has raised EUR 329.4 mln through a capital increase to help finance expansion in its home country and foreign markets. Following the fundraising, Eurobank said it intends to continue bolstering its already significant presence in Greece, as well as expanding in countries of ...
