All PropertyEU Archive articles 鈥� Page 1542
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PropertyEU Archive
Cross-border investor buys airport hotel in Ireland
Property adviser Savills has sold Cork International Airport Hotel in the Republic of Ireland to an international investor on behalf of receiver Grant Thornton. The name of the buyer was not disclosed.
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PropertyEU Archive
More retailers to attend Mapic
Some 2,400 retail brand representatives are expected to attend the Mapic retail property trade fair in Cannes this year, up from nearly 2,300 last year.
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PropertyEU Archive
GBW resi portfolio attracts dozens of bidders
GBW's residential portfolio has received over two dozen expressions of interest following the launch of the sale process late October by Bavarian bank BayernLB, well-informed market sources confirmed to PropertyEU on Monday.
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PropertyEU Archive
Blackstone joins forces with Canadians to buy Gecina's debt
US-based Blackstone Group has teamed up with Canadian investor Ivanhoe Cambridge to buy loans backed by a 12% stake in Paris office landlord Gecina. Blackstone's Real Estate Partners Europe III fund and Ivanhoe Cambridge, which forms part of Caisse de Depot et Placement du Quebec, have acquired about 40% of ...
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PropertyEU Archive
Deka sells office building in Brussels
The investment arm of Deka Group has sold a building located at 83 Avenue Marcel Thiry in Brussels to Ghent-based developer Immogra. Financial details were not disclosed.
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PropertyEU Archive
Euro-Shop Index reveals rising industry confidence: ICSC
Shopping centre executives are more optimistic than at any time over the past six months that the retail market is showing tentative signs of recovery as retailers head into the all-important festive season, according to ICSC鈥檚 monthly Pan European Shopping Centre Executive Opinion Survey (known as the ICSC Euro-Shop Index).
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PropertyEU Archive
ICG-Longbow eyes listing in London
ICG-Longbow intends to list a vehicle that will invest in senior UK real estate debt on London Stock Exchange. The IPO of ICG-Longbow Senior Secured UK Property Debt Investments (SSUP) is designed to raise a minimum of 拢100 mln (EUR 125 mln) and is capped at 拢250 mln.
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PropertyEU Archive
Foreign property investors rediscover Japan
Several heavyweight international real estate investors have turned to Japan as the market continues to exhibit economic recovery and some compelling real estate fundamentals in the aftermath of last year's devastating earthquake.
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PropertyEU Archive
Turkish property market shows signs of maturity
The Turkish market has undergone a major transformation in the past decade, according to Herman Kok, international research director at Multi Corporation. 鈥楾urkey used to be a hyper-inflationary economy and highly volatile. But it has left that phase behind it in the past 10 years. Since 2002, the government has ...
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PropertyEU Archive
Office take-up in Western Europe down 10% on 2011: BNPPRE
Office take-up in Western Europe is down 10% on last year on a rolling year basis to Q3 2012, according to BNP Paribas Real Estate (BNPPRE).
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PropertyEU Archive
Corio writes down EUR 140m on portfolio in first 9 months
Listed shopping centre owner Corio reported total devaluations of EUR 140 mln, or 2%, of its operational portfolio over the first nine months of 2012.
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PropertyEU Archive
IGD SIIQ secures EUR 18m loan
Italian listed property company Immobiliare Grande Distribuzione (IGD) SIIQ has secured an EUR 18 mln loan from Mediocredito Italiano, part of the Intesa Sanpaolo banking group.
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PropertyEU Archive
Heitman teams up with Grainger in EUR 230m German resi JV
Global real estate investment firm Heitman has teamed up with Grainger, the UK's largest listed residential owner, in a joint venture that will invest in a 3,000-unit German rented residential portfolio currently wholly owned by Grainger.
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PropertyEU Archive
Acron enters Austria with EUR 88m mixed-use buy
Zurich-based investor Acron has entered the Austrian market through the acquisition of the multifunctional Wien Westbahnhof A3 commercial property in Vienna for EUR 88 mln. The vendor was the infrastructure arm of the country's national rail company 脰BB.
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PropertyEU Archive
Haskoll to masterplan Norway's largest retail and leisure area
Norwegian Property, one of Norway's biggest property companies, has appointed international architects Haskoll to draw up a retail design overview of Aker Brygge, the country's most important retail and leisure area which attracts over 12 million visitors a year.
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PropertyEU Archive
Comment: The new norm
Four years into the crisis, there is no escaping the stark reality. Consumer spending power remains pressured across Europe, borrowing constraints are holding back new retail developments and a growing supply of existing stock around the Continent is becoming obsolescent. Add to that the acceleration of ecommerce sales and we ...
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PropertyEU Archive
Ecommerce fuels Turkish logistics sector
The further expansion of international retail brands and ecommerce in Turkey are helping fuel demand for logistics developments, according to Anthony Labadie, managing director for Turkey at CBRE. 鈥楲ogistics will be a major market in the future for Turkey,鈥� he predicted. 鈥楾he infrastructure was not there in the past, ...
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PropertyEU Archive
Santander finances student housing project in London
Wood Lane Studios, a new specialist housing project for postgraduate students in London, has received a 拢65 mln (EUR 82 mln) development and investment funding package from Santander Corporate Banking.
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PropertyEU Archive
London & Stamford tables merger offer to Metric shareholders
London & Stamford has tabled an offer to acquire the shares in Metric after the two UK REITS reached a final agreement on a merger. Under the deal, Metric shareholders will receive 0.94 ordinary shares in London & Stamford for every Metric share. This will result in Metric shareholders owning ...
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PropertyEU Archive
Finnish state sells stake in Sponda for EUR 148m
Government-owned investor Solidium is selling its remaining 15% holding in Sponda to Finnish investor group Oy Palsk for around EUR 148 mln, reflecting a capital gain before tax of EUR 71 mln.
