All Real Assets articles in Web Issue – Page 79
-
PropertyEU Archive
Birmingham Development puts property on the market for £300m
Birmingham Development Company has appointed CB Richard Ellis to sell the 139,353 m[sup]2[/sup] Mailbox mixed-use scheme and its neighbour Cube development in Birmingham for £300 mln (EUR 441mln). Mailbox is reportedly the UK's largest mixed-use property comprising 27,499 m[sup]2[/sup] of offices, 38 shops, 15 restaurants, 144 flats, two hotels and ...
-
PropertyEU Archive
Office take-up rises 4% in Germany
Take-up in Germany's major eight office locations - Berlin, Cologne, Dusseldorf, Essen, Frankfurt, Hamburg, Leipzig and Munich - rose by 4% year-on-year, accounting for some 656,000 m[sup]2[/sup] in the first quarter of 2007, according to a survey prepared by commercial property consultant Atisreal.
-
PropertyEU Archive
Sacyr launches EUR 6.5 bn full bid for Eiffage
Spain's Sacyr Vallehermoso, Eiffage's majority shareholder with a 33% stake, has unveiled plans to launch an all-share offer of EUR 6.5 bn for the remaining 67% stake in the French public works and transport concessions group, a day after it was denied seats on the company's board. Sacyr is offering ...
-
PropertyEU Archive
AMB completes Fokker logistics centres at Schiphol
AMB Property Europe has announced the completion of the development of AMB Fokker Logistics Centres 3 and 4A next to Amsterdam's Schiphol Airport. The phase, which comprises 30,200 m[sup]2[/sup] of space, brings the total distribution space at AMB's Fokker Logistics Park to approximately 63,100 m2, or 75% of the total ...
-
PropertyEU Archive
Bank Millennium signs up to Poland's largest office leasing
Bank Millennium has signed the largest office space lease in Poland, agreeing to occupy at least 22,400 m[sup]2[/sup] in Warsaw. The Polish bank is leasing most of the space in both phases of the Harmon-Polifonia Office Centre being developed by Harmony Office Center and EKO-PARK. Property advisor Cushman & Wakefield, ...
-
PropertyEU Archive
Macquarie Office closes Berlin purchase
Australia's Macquarie Office Trust (MOF) has completed the acquisition of the Atrium Charlottenburg office property in Berlin for about EUR 84.7 mln. The transaction was announced last December as MOF's first acquisition in Europe. The property comprises 40,000 m[sup]2[/sup] of lettable area and the principle tenant is T-Systems, a division ...
-
PropertyEU Archive
ING RE opens office in Bucharest
ING Real Estate Investment Management has announced the formal opening of its new office in Bucharest, Romania. The opening will be followed by a seminar on real estate investment and development opportunities in Bucharest and Romania.
-
PropertyEU Archive
Orco buys Warsaw warehouse
Orco Fund Retail has acquired for an undisclosed amount a warehouse owned by Ozarow Business Center (OBC) in bankruptcy. The Polish Jones Lang LaSalle Capital Markets team advised the Trustee and Creditors' Councils on the sale.
-
PropertyEU Archive
Financial Dimensions eyes Turkish expansion
Financial Dimensions (FD) is planning to plough as much as $200 mln (EUR 147 mln) into Turkey over the next three years, newspaper Turkish Daily News reported. The London-based company will invest an initial amount of $50 mln in the eastern port of Bodrum to develop the Bay Peninsula project. ...
-
PropertyEU Archive
Equest moves into Macedonia
Equest Balkan Properties has announced the acquisition of its first property in the Republic of Macedonia. The office building known as Skopje Business Centre in the centre of the capital Skopje was purchased for EUR 7.8 mln.
-
PropertyEU Archive
London's old stock market gets facelift
Hypo Real Estate Bank and HSH Nordbank are providing £150 mln (EUR 220 mln) in construction financing to refurbish the office tower that housed the former London Stock Exchange. The 29,357 m[sup]2[/sup] property, located at 125 Old Broad St in London, will be redeveloped by a joint venture of GE ...
-
PropertyEU Archive
German investment market heading for new record
A total of EUR 12.13 bn was invested in commercial property in Germany during the first quarter of 2007, which points to a new record likely being reached in the full year. The investment market is more than 20% up on what was already a good result in 2006. If ...
-
PropertyEU Archive
Monteverde acquires London offices for EUR 100m
Spanish real estate company Monteverde has acquired an office building in London for about EUR 100 mln. The building at 6 Bevis Marks in central London is home to the world's ninth largest insurance broker Alexander Forbes, Spanish newspaper Cinco Dias reported. Developed in 1983 and refurbished in 1990, the ...
-
PropertyEU Archive
P&V buys Belgian holiday group for EUR 150m
Pierre & Vacances (P&V) is purchasing the Sunparks group, which operates four holiday villages in Belgium, for EUR 150 mln and debt. The move is part of P&V's strategy to expand its holiday village network in the country. P&V plans to sell and lease back the Sunparks sites before the ...
-
PropertyEU Archive
Deutsche EuroShop doubles profit in 2006
Deutsche EuroShop has announced record earnings for 2006, with consolidated profit increasing 106% to EUR 100.3 mln from EUR 48.7 mln in 2005. Germany's only public company that invests solely in shopping centers in prime locations forecast that its revenues in financial year 2007 will remain on a level with ...
-
PropertyEU Archive
Allreal to develop EUR 227m project
Real estate group Allreal has bought a 56,000 m[sup]2[/sup] plot of land in Wallisellen district in the Swiss canton of Zurich for an undisclosed amount. The land was sold by Plazza Immobilien, the real estate arm of Zurich-based Conzzeta Holding. Allreal said it is planning to invest EUR 227 mln ...
-
PropertyEU Archive
Spain's Prasa to invest EUR 300m in Warsaw
Spain's Grupo Prasa is planning to invest as much as EUR 300 mln in a project in Warsaw. The company submitted plans to local authorities to develop on a 5-hectare plot of land in downtown Warsaw on Thursday. Prasa doesn't have a building permit yet.
-
PropertyEU Archive
Dutch bank closes EUR 500m Pan-European CMBS
Dutch merchant bank NIBC has closed a EUR 493.6 mln multi-borrower Commercial Mortgage Backed Securities (CMBS) transaction. The transaction named Mesdag (Charlie) is the fifth CMBS arranged by NIBC, and the third from its Mesdag conduit programme.
-
PropertyEU Archive
Hines acquires office property in London
International real estate firm Hines has acquired Chichester House in London from Bishopswood Properties, a wholly owned subsidiary of GE Real Estate. The eight-storey, 6,503 m[sup]2[/sup] office and retail building is located in High Holborn district in central London. The property was purchased by Hines European Development Fund II (HEDF ...
-
PropertyEU Archive
British Land agrees City pre-letting with law firm
British Land has agreed non-binding heads of terms with law firm Charles Russell for the pre-letting of the majority of the Ludgate West development at Fleet Street in the City of London. Of the total of 12,000 m[sup]2[/sup] of leasable space, some 8,175 m2, or 68% of the total, arranged ...
