All PropertyEU Archive articles 鈥� Page 1740
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PropertyEU Archive
St. Modwen gets green light for EUR 80m project
UK regeneration specialist St. Modwen Properties and its partner Advantage West Midlands have secured planning permission from the Birmingham city council to develop a 拢70 mln (EUR 79 mln) town centre at Longbridge.
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PropertyEU Archive
Terrace Hill acquires foodstore development site
UK property developer and investment group Terrace Hill has exchanged contracts to acquire a development site in Sedgefield, County Durham. The site extends to 2.9 hectares. The acquisition is subject to obtaining planning for a 4,600 m[sup]2[/sup] foodstore and the signing of a pre-let. The financial details were not disclosed.
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PropertyEU Archive
Composition completes European acquisitions
Composition Capital Partners has finalised three residential and commercial property investments in Germany and the Nordics on behalf of its second Europe Fund, which is now fully invested. Financial details were not disclosed.
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PropertyEU Archive
Dutch portfolio sale looms after failed refinancing talks
A EUR 865 mln office portfolio in the Netherlands faces a potential forced sale after the collapse of refinancing talks between Eurohypo and the bondholders of the Opera Finance CMBS facility underpinning the assets.
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PropertyEU Archive
Goodman opens first warehouse at Krak贸w Airport
Goodman Group has opened its first warehouse at Krak贸w Airport Logistics Centre, with two tenants in place and a third set to move in next week. When construction began on the 14,000-m[sup]2[/sup] warehouse in October 2010, it was Goodman鈥檚 first speculative development in Central Europe in 18 months.
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PropertyEU Archive
IVG to transform Amsterdam office into budget hotel
German listed property group IVG Immobilien plans to convert an 8,200-m[sup]2[/sup] office building in the Sloterdijk district of Amsterdam into a 252-room Holiday Inn Express Hotel.
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PropertyEU Archive
Etalon to build residential neighborhood in St. Petersburg
Russian listed developer Etalon Group has acquired a 2.1-hectare land plot in the Moskovsky district of St Petersburg for a 50,000 m[sup]2[/sup] mass market residential neighbourhood project. This is the second new project the company has added to its development pipeline since its IPO on the London stock exchange in ...
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PropertyEU Archive
SPP buys Uppsala police station
Swedish savings and insurance company SPP, part of Norway's Storebrand Group, has announced the purchase of the Svartb盲cken 52:9 property in Uppsala, Sweden from Nordisk Renting. Although the acquisition volume was not disclosed, Swedish media reported a price of SEK 400-500 mln (EUR 50 mln).
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PropertyEU Archive
Helical Poland starts development of Europa Centralna mall
Helical Poland, a subsidiary of UK listed real estate investor Helicar Bar, has started the development of the Europa Centralna regional shopping centre and adjoining retail park near Gliwice, Poland.
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PropertyEU Archive
Hammerson gets London Wall consent
UK REIT Hammerson has received planning consent for its London Wall Place office development. The 46,000-m[sup]2[/sup] scheme, designed by MAKE architects, will require the demolition of the St Alphage House tower and podium in London to make way for two landmark office buildings.
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PropertyEU Archive
Hemfosa inks sale-and-leaseback deal with Saab
Cash-strapped Swedish carmaker Saab Automobile has signed a preliminary agreement to sell a 50.1% share in its property portfolio, including the company's factory in Trollh盲ttan, to a consortium of Swedish real estate investors led by Hemfosa.
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PropertyEU Archive
Real Estate Society of Romania officially launched
A number of international property consultants gathered in Bucharest last week to officially launch the Real Estate Professionals Society (REPS) in an effort to promote higher professional standards in the Romanian market.
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PropertyEU Archive
Prime Office relaunches IPO at lower issue price
German real estate investor Prime Office has announced that it is relaunching its IPO of shares for retail and institutional investors on Wednesday. Some 34.5 million shares are being offered at EUR 6.20 per share - a substantial reduction on the original range of EUR 7-9.50 cited in the lead ...
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PropertyEU Archive
NSI, Multi to redevelop Keizerslanden mall
Dutch listed closed-end real estate investor NSI and private development group Multi have signed an agreement with the city of Deventer for the redevelopment and extension of the Keizerslanden shopping centre. The total investment will amount to EUR 25 mln.
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PropertyEU Archive
HIH launches 1st Austrian fund
German closed-end fund manager Hamburgische Immobilien Handlung (HIH) has announced the launch of its first Austrian real estate investment vehicle. The HIH Global Invest 05 - 脰sterreich fund has a planned life term of 10.5 years and aims to distribute returns of 5.75% per annum, rising to 6.25% from 2020.
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PropertyEU Archive
British Land to place EUR 350m of bonds in the US - report
UK REIT British Land is planning to raise close to $500 mln (EUR 352 mln) by issuing bonds in the US private placement market, according to a news report in the Financial Times.
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PropertyEU Archive
Deutsche Pfandbrief provides 拢39m loan to Almacantar
German lender pbb Deutsche Pfandbriefbank has provided a 拢39 mln (EUR 44 mln) financing facility to a subsidiary of Almacantar for the acquisition of the Marble Arch Tower in London. The transaction was closed on 23 June 2011.
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PropertyEU Archive
Sveafastigheter buys Finnish portfolio for EUR 50m
Nordic private equity company Sveafastigheter said that Sveafastigheter Fund III has partnered with local asset management partner Mattila & Saxen Property Partners to acquire a portfolio of 10 retail properties in Finland for around EUR 50 mln.
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PropertyEU Archive
Hansainvest buys Helsinki office property for EUR 56m
German real estate investor Hansainvest is acquiring an office property in Finland from YIT Construction. At completion the total sale price of the Triotto office building located in K盲pyl盲is, Helsinki is expected to be about EUR 56.5 mln, including the plot to be purchased from the city of Helsinki.
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PropertyEU Archive
Union launches EUR 750m shopping centre fund
Union Investment is launching a new fund for European retail property. The planned total size of the new fund is EUR 750 mln, with debt finance accounting for 30% to 40% of the total.
