All Real Assets articles in Web Issue – Page 196
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PropertyEU Archive
Skanska to develop EUR 48m residential scheme in Gothenburg
Swedish construction company Skanska is to develop and construct a new housing scheme in Gothenburg. The company purchased the land and building rights from Diligentia and said its total investment in the land and project development will amount to EUR 48 mln (SEK 450 mln). The residential project will provide ...
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PropertyEU Archive
JER Partners acquires Marriott hotel in Munich
JER Partners has entered the German hotel market with the acquisition of the Marriott Munich hotel, a 4-star business and conference facility, from an unnamed vendor . The hotel, which has a long-term management agreement with Marriott, consists of 348 guest rooms, nine conference rooms, a Grand Ballroom and three ...
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PropertyEU Archive
Credit Agricole, AXA, Groupama mull buy of Sacyr's stake in Eiffage
Credit Agricole, AXA, Groupama are considering teaming up in a consortium to acquire Sacyr Vallehermoso's 33.2% stake in French services and construction company Eiffage, Spanish news website El Confidencial reported. The move would be the easiest solution to Sacyr's embroilment with French securities watchdog AMF over control of Eiffage, the ...
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PropertyEU Archive
Grainger gets go ahead for green mixed-use scheme in Hampshire
UK residential property owner Grainger has announced that it has received planning permission for Newlands Common, its major residential led mixed-use development, located west of Waterlooville in South Hampshire. The development is a long-term project that has been designed as an exemplary sustainable urban extension.
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PropertyEU Archive
Banimmo raises its bid for North-Plaza
Belgian real estate company Banimmo has increased its offer for all of North-Plaza's property certificates from EUR 169 per share to EUR 192 per certificate. The offer values North-Plaza at EUR 29.2 mln.
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PropertyEU Archive
First Industrial in JV to invest in the Netherlands, Belgium
First Industrial Realty Trust, a provider of industrial real estate supply chain solutions, has formed a new joint venture, FirstCal Industrial Europe, LLC, with the California State Teachers' Retirement System (CalSTRS), the second-largest public pension fund in the United States with a EUR 119 bn ($175 bn) portfolio. According to ...
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PropertyEU Archive
CBRE expands further in the UK
CB Richard Ellis has strengthened its presence in the UK property market with the acquisition of Grenville Smith & Duncan (GSD), a commercial real estate services company with a leading market position in the central and northern regions of the UK. Founded in 1991, GSD has developed a strong reputation ...
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PropertyEU Archive
Plaza wins tender to develop major retail centre in Poland
Israeli retail property developer Plaza Centers announced that it has won a competitive tender and acquired a site from PKS Kielce, the local branch of the Polish National Bus Company, to develop a major new shopping and entertainment centre in Kielce, Poland. The project is expected to have a gross ...
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PropertyEU Archive
Segro completes sale of power generation plant
UK listed property company Segro said on Monday that it has completed the sale of its interest in the Slough Heat & Power plant to UK energy company Scottish and Southern Energy for some £49 mln (EUR 66 mln). The transaction was first announced in mid-November last year and was ...
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PropertyEU Archive
Warburg-Henderson shops in St. Denis
Germany's Warburg-Henderson KAG has acquired the Sequoia office building in St. Denis, near Paris, for some EUR 36 mln. The property is earmarked for Warburg-Henderson's European Core Property Fund No. 1. The building consists of about 7,300 m[sup]2[/sup] of space and 187 parking spaces. The Sequoia complex is entirely let ...
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PropertyEU Archive
Sanahuja family details Metrovacesa takeover offer
Metrovacesa's majority shareholders, Spain's Sanahuja family, announced on Monday in a statement to the Spanish stock market regulator CNMV the details of its takeover bid for Metrovacesa. The offer is part of a plan agreed in February 2007 to separate the company's French and Spanish assets. The Sanahujas, which hold ...
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PropertyEU Archive
Eurobank Properties acquire 100% of Kalampokis
Greek real estate investment company Eurobank Properties announced that it has purchased 100% of the shares of Greek property company Kalampokis Tours and Cargo for EUR 5.35 mln on a debt and liability-free basis.
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PropertyEU Archive
Renta Corporacion halves forecast for 2007 net profit
Catalan property company Renta Corporación Real Estate said that its 2007 figures will not meet expectations after the company was hit by the downturn in the credit markets. The company now expects net profit of EUR 33 mln - EUR 35 mln in 2007, almost half its previous estimate of ...
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PropertyEU Archive
Savills expects record results in 2007
International property services company Savills defied the property downturn on Tuesday with the announcement that it expects record results for 2007 as its business benefited from 'diversified activities and international presence'.
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PropertyEU Archive
Amsterdam to house new stadium by 2018
Amsterdam city council plans to build a new stadium for the city with capacity for about 80,000 people. The move, announced by council executive Carolien Gehrels, is aimed at boosting Amsterdam's bid to host the football World Cup in 2018 or the 2028 Olympics. According to an estimate made by ...
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PropertyEU Archive
Milligan bags EUR 60m Portuguese mall
UK retail company Milligan has secured its first Portuguese development and signed up an anchor store at the scheme. Milligan, run by former Jones Lang LaSalle international director John Milligan, teamed up with Lisbon-based Urban Developers to enter the Portuguese market in May.
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PropertyEU Archive
Sonae Capital sells construction firm for EUR 81m
Portuguese firm Sonae Capital, which is being spun off from the Sonae group, said it has agreed to sell its construction unit Contacto - Sociedade de Construcoes to Portugal's Grupo Soares da Costa for about EUR 81 mln.
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PropertyEU Archive
CBRE: Challenging times ahead for Irish residential sector
Property consultants CB Richard Ellis said on Tuesday that it expects 2008 to be a challenging year for some property sectors in Ireland. In its Outlook report for the Irish property market, the property consultant is relatively upbeat about prospects for the commercial property sector, but added that activity in ...
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PropertyEU Archive
Kristensen buys four buildings at the PRE park Kaiserslautern
Danish property company Kristensen Properties has acquired four fully-leased office buildings in the PRE park in Kaiserslautern, in the German Rhineland-Palatinate state. PRE Regionalentwicklung is selling the assets at a total price of EUR 33.25 mln. The office properties provide a total lettable area of 25,000 m[sup]2[/sup].
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PropertyEU Archive
GE RE buys office development in Toulouse
GE Real Estate France has acquired an office complex development consisting of three buildings in Toulouse, France, from French property company Fonciere Courtois and GA for an undisclosed amount. Le Galaxia project will be located next to the Toulouse-Bagnac airport and will involve a total of 15,000 m[sup]2[/sup] of space, ...
