All PropertyEU Archive articles 鈥� Page 1766
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PropertyEU Archive
VastNed clinches deal with Zara in Turkey
Listed retail specialist VastNed Retail has signed a 15-year lease with Spanish fashion giant Zara for its new property on 161 Istiklal Caddesi, the leading high street in Istanbul. Total annual rental income is put at EUR2.3 mln.
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PropertyEU Archive
Irish IPD avoid negative ground for 1st time in a year
Irish commercial property total return has avoided negative territory for the first time since Q1 2010, posting 0.0% in the first quarter of 2011, according to the SCSI/IPD Ireland Quarterly Property Index.
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PropertyEU Archive
Sponda scoops Helsinki's Fennia Quarter for EUR 122m
Finnish listed property company Sponda said it has signed an agreement with mutual life assurance group Suomi to acquire the Fennia Quarter located in Helsinki's Central Business District. The transaction amounts to a total of EUR 122 mln, including EUR 100 mln in cash and the remaining EUR 22 mln ...
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PropertyEU Archive
Belgian real estate delivers stable returns for 2010
Belgian commercial property delivered its highest return since 2008 last year, at 4.6%, according to the IPD Belgium Annual Property Index. The improving returns were delivered despite a third consecutive year of capital decline, at -1.2%, though this represents a considerable slowing of capital depreciation, by 140 basis points, from ...
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PropertyEU Archive
Foreign buyers take 35% of EMEA investment market
International investors across EMEA represented nearly 35% of transactional activity in the first quarter of 2011, up from 31% in the final quarter of last year, according to new data released by C&W.
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PropertyEU Archive
Segro to build new facility for Alcatel Lucent in Italy
Europe's industrial REIT Segro has agreed to develop a new 32,300 m[sup]2[/sup] campus facility for Alcatel Lucent at its Energy Park in Vimercate, Northern Italy. Alcatel Lucent has entered into a 10-year lease with Segro, generating annual rental income of 拢4.2 mln (EUR 4.7 mln).
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PropertyEU Archive
Mayfield makes new appointment to Dutch team
UK asset and property management firm Mayfield said on Friday that it is strengthening its presence in the Netherlands with the addition of Jeanne van Nunen to its team in Eindhoven, led by managing director Michiel Assendelft.
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PropertyEU Archive
Valad board backs Blackstone's takeover bid
US private equity firm Blackstone has agreed to acquire Australia's Valad Property Group in a deal which values the company at A$208 mln (EUR 152 mln). In a statement on Friday, Valad said it has been offered A$1.80 in cash per security, representing a premium of 56% over the closing ...
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PropertyEU Archive
IVG snaps up BTC Office Center in Warsaw
German investor IVG Institutional Funds said on Friday that it has acquired the BTC Office Center in Warsaw from local firm BTC Invest on behalf of one of its special funds.
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PropertyEU Archive
Catalyst Capital poised to clinch deal in Clichy
Catalyst Capital is believed to be close to clinching a deal for an office complex in Clichy near Paris. The complex, Front de Parc, is part of a CMBS loan that is due to mature in November 2011 and is currently being unwound.
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PropertyEU Archive
Sweden posts five consecutive quarters of growth
A positive economic outlook and continued market growth helped fuel a rise in transactional activity in the first quarter of 2011, according to international real estate advisor Savills.
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PropertyEU Archive
Skanska to construct office in Oslo
Swedish construction and property group Skanska has secured the mandate to build a new head office in Oslo for the Norwegian insurance company Gjensidiges Forsikring. The contract, awarded by property company Rom Eiendom, amounts to NOK 390 mln (EUR 50 mln).
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PropertyEU Archive
Prologis makes little progress on PEPR tender offer
Prologis' stake in the Euronext-listed closed-ended investment fund Prologis European Properties (PEPR) has changed only marginally since the company launched a mandatory cash tender offer of EUR 6.10 per unit on April 22.
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PropertyEU Archive
PEPR shareholder opposes EUR 1.2b bid by Prologis
Fir Tree Partners, a New York-based private investment firm that owns 4.3% of Prologis European Properties (PEPR), has said it opposes a EUR 1.2 bn tender offer by PEPR's parent company and largest shareholder, Prologis.
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PropertyEU Archive
PEPR completes 127,400 m[sup]2[/sup] of new leasings in Q1
Improving market conditions across Europe helped sustain a high level of leasing activity in the Prologis European Properties (PEPR) portfolio, pushing the total for the first three months of the year to 388,500 m[sup]2[/sup]. In a statement on Thursday to announce its first-quarter results, PEPR said it concluded 48 lease ...
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PropertyEU Archive
RREEF wins EUR 315m mandate from Korean insurer
Deutsche Bank's real estate investment management arm RREEF has scooped a KRW 500 bn (EUR 315 mln) separate account mandate from Korea's largest insurance business, Samsung Life, to invest in core real estate in gateway cities in Europe and the US. Samsung Life has been one of Korea's leading life ...
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PropertyEU Archive
Hammerson sells Three Spires for 拢33m
UK REIT Hammerson said on Thursday that it has exchanged contracts to sell Three Spires, Lichfield, to a client of Orchard Street Investment Management, who will complete the acquisition directly from St. Martins Property Investments. The transaction price amounts to 拢33 mln (EUR 37 mln), which is the same amount ...
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PropertyEU Archive
Hammerson receives 拢505m in new funding
UK REIT Hammerson said on Thursday that it has been granted a 拢505 mln (EUR 568 mln) five-year syndicated credit facility coordinated by BNP Paribas. The loan size was increased from 拢400 mln to 拢505 mln following an over-subscription.
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PropertyEU Archive
Real IS acquires Hollandia office in Amsterdam
German real estate fund manager Real IS has bought the Hollandia office complex in Amsterdam from ING Real Estate Investment Management. The transaction price was not disclosed, but is believed to be between EUR 37.5 and EUR 39 mln, reflecting a yield between 6.4-6.6%.
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PropertyEU Archive
Unibail-Rodamco appoints COO, CSO
Unibail-Rodamco has named board member Michel Dessolain to the position of Chief Strategy Officer, and Christophe Cuvillier to the Unibail-Rodamco management board as Chief Operating Officer.
