All PropertyEU Archive articles 鈥� Page 1771
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PropertyEU Archive
LaSalle acquires commercial property in Germany
A specialist investment fund of the newly established LaSalle Investment Management Kapitalanlagegesellschaft (LaSalle KAG) has acquired a commercial property in Garmisch-Partenkirchen, Germany for an undisclosed sum.
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PropertyEU Archive
Carrefour shareholder opposes plans to spin off property arm
Investor advisory group Deminor has joined the opponents of French hypermarket chain Carrefour's plans to spin off its Dia discount stores and 25% of its Carrefour Property units. The minority shareholder said the spin-off of some of Carrefour's key assets would dismantle the French retailer.
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PropertyEU Archive
Stam sells office building in Paris
Asset manager STAM has sold a 6,470-m[sup]2[/sup] office building at 140 Avenue Jean Lolive, Pantin, in the north-east of Paris for EUR 15.2 mln. Stam was advised by Catella Property and international real estate advisor Savills.
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PropertyEU Archive
Investor focus on value-add in mature mall markets: DTZ
Investors are likely to increasingly focus on value-add opportunities in larger, mature European shopping centre markets in 2011 and 2012, according to DTZ Research's latest Property Times European Shopping Centre report.
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PropertyEU Archive
Kungsleden swaps property with Peab
Listed Swedish property company Kungsleden has announced that it is selling its participation in a development property in V盲ster氓s, west of Stockholm, to construction and civil engineering company Peab. The pair are currently joint 50% owners of Kokpunkten Fastighets, which owns the development property.
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PropertyEU Archive
Vastned O/I and NSI resume merger talks
Listed Dutch property groups VastNed Offices/Industrial (VNOI) and Nieuwe Steen Investments (NSI) have resumed discussions about a possible merger. Both companies stressed there was no certainty that the talks would lead to a transaction.
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PropertyEU Archive
INREV research calls for capital charge of up to 15%
The European association for Investors in Non-Listed Real Estate Vehicles (INREV) is calling for a capital charge of no more than 15% on insurance companies' real estate investments under the new Solvency II regime. The call follows a study commissioned by INREV which shows that current proposals for a capital ...
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PropertyEU Archive
Cofinimmo launches EUR 150m bond offering
Cofinimmo has announced the launch of an offering of senior unsecured convertible bonds. The initial amount is EUR 150 mln, with a potential increase by another EUR 50 mln if the extension option is exercised.
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PropertyEU Archive
NordLB turns EUR 236 mln profit in 2010
German state-backed landesbank Norddeutsche Landesbank, or NordLB, is back in the black, turning a profit of EUR 236 mln last year, compared to an after-tax loss of EUR138 mln the previous year.
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PropertyEU Archive
P3 opens office in Romania
International warehousing specialist PointPark Properties (P3) has opened a new office in Romania, which it said represents a 'natural' step in its planned expansion across Europe.
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PropertyEU Archive
Banks provide EUR 320m financing to Leipziger Platz project
German developer High Gain House Investments (HGHI) has received a EUR 320 mln financing facility from a consortium of banks led by DG Hyp for the construction of a EUR 450 mln mixed-use complex on Berlin's Leipziger Platz. The banking syndicate includes lenders Helaba, UniCredit Bank, and Eurohypo.
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PropertyEU Archive
CLS raises EUR 33m in Swedish bond issue
London-listed property company CLS has raised SEK 300 mln (EUR 33.4 mln) by issuing an unsecured and unrated bond in Sweden. The net proceeds of the bonds, due in 2016, will be used for general corporate purposes.
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PropertyEU Archive
Niam sells nine office properties in Finland for EUR 60m
Niam Nordic Investment Fund III and affiliates of the Whitehall Street Real Estate Funds have disposed of nine office properties in mid-sized cities across Finland. The buyers are Sveafastigheter Fund III and HGR Property Partners.
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PropertyEU Archive
Liebrecht & Wood opens EUR 60m Polish retail project
Belgian property developer Liebrecht & Wood has announced the opening of Morski Park Handlowy, the first Polish project combining an outlet centre with a traditional retail park. Located in Gdansk, the complex represents an investment of EUR 60 mln. Phase II is planned to open at the end of 2012.
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PropertyEU Archive
Russia's Etalon Group prices IPO in London at $7
Russian real estate developer Etalon Group has priced its IPO on the main market of London Stock Exchange at $7 (EUR 4.8) per global depository receipts (GDR).
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PropertyEU Archive
INREV appoints new management board
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board: Christian Delaire, CEO of AEW Europe; Matthew Ryall, head of Indirect Investment, Allianz Real Estate; and Neil Harris, senior Vice President, head of Asset Management, Europe, GIC Real Estate International.
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PropertyEU Archive
NAMA appoints receiver for some Derek Quinlan debt
Ireland's bad bank agency NAMA has called in statutory receivers to take charge of a number of properties owned personally by Irish businessman Derek Quinlan and members of his immediate family.
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PropertyEU Archive
International events boost growth in European cities: ULI
Cities in Europe are increasingly vying for major international entertainment or sporting events as a way to expedite development and investment that will provide an economic boost lasting far beyond the actual events, according to a new report from the Urban Land Institute (ULI).
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PropertyEU Archive
McArthurGlen opens Luxembourg designer outlet
Henderson Global Investors and McArthurGlen have officially opened the first phase of the recently renovated McArthurGlen Designer Outlet Luxembourg.
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PropertyEU Archive
GWS to float on Frankfurt exchange at EUR 19 per share
Berlin-based residential real estate company GSW has announced that its shares will float on the Frankfurt Stock Exchange at EUR 19 each on Friday. This is the lower end of the range of EUR 19 to EUR 23 announced at the start of April. The aim is to list in ...
