All PropertyEU Archive articles 鈥� Page 1829
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PropertyEU Archive
Klepierre's Odysseum wins 2010 Mapic Award
Odysseum in the French city of Montpellier has been named best shopping centre at the 2010 Mapic Awards last week. The Odysseum scheme is a 50/50 joint venture between Klepierre and Icade and the largest shopping centre opened in France so far this year.
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PropertyEU Archive
Value-added funds to target Italian retail in 2011: C&W
The Italian retail market will see more activity next year from value-added investors, claims Stephen Screene, head of Capital Markets Group at Cushman & Wakefield in Milan.
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PropertyEU Archive
Dassault to launch EUR 26m capital increase
French SIIC Immobiliere Dassault is to carry out a EUR 26 mln capital increase to fund the acquisition of an office building at 127 avenue des Champs-Elys茅es in Paris. The company will issue roughly 1.7 million new shares at a price of EUR 15 per share. The subscription period runs ...
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PropertyEU Archive
Fornebu to sell Stavanger project for EUR 35m
Norwegian listed property company Fornebu Utvikling (FBU) has signed a preliminary term agreement for the sale of its Hinna Park project company in Stavanger for NOK 287 mln (EUR 35 mln).
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PropertyEU Archive
Gatehouse acquires IHG global HQ for EUR 37m
Gatehouse Bank has completed the acquisition of InterContinental Hotels Group麓s global headquarters in Denham, Buckinghamshire in the UK for 拢32.5 mln (EUR 37 mln). The vendor was Tritax Property Fund.
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PropertyEU Archive
Pension scheme acquires Copenhagen office
Danish pension scheme PKA has acquired a combined office and retail project in central Copenhagen for about EUR 81 mln. The vendor is Sweden's NCC Property Development.
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PropertyEU Archive
Alpha seeks to strengthen TK Maxx partnership
Cologne-based Alpha Industrial is working on enlarging its partnership with discount retailer TK Maxx through a second major distribution centre project in Continental Europe. In October Alpha handed over a 45,000-m[sup]2[/sup] distribution centre to TK Maxx in Bergheim, Germany.
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PropertyEU Archive
Banimmo to build office property in Ghent
Belgian listed property company Banimmo has been selected for the construction of an office building for the Flemish Environment Agency (VMM) in Ghent.
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PropertyEU Archive
Redevco breaks ground for first project in China
Redevco Asia, co-owner of Wuhan Tiandi Riverview Plaza, has broken the ground for a new shopping centre in Jiang鈥檃n District in Wuhan with its partner Shui On Land. The complex will offer 109,000 m[sup]2[/sup] of retail space spread across more than 250 stores, and will also provide 1,900 parking spaces.
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PropertyEU Archive
London's West End remains most expensive office market: CBRE
London's West End continues to be the world's most expensive office market, according to CB Richard Ellis' semi-annual Global Office Rents survey. The CBRE rankings track occupancy costs for prime office space in 175 cities around the globe. Hong Kong's Central Business District (CBD) continued in second place and also ...
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PropertyEU Archive
Premier Inn recruits King Sturge for London expansion
The UKs largest budget hotel operator, Premier Inn, has appointed King Sturge as a retained agent for Greater London to assist in their strategy for growth to add to its existing portfolio of 48 hotels within the M25. King Sturge will join existing retained agent Cropper & Co.
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PropertyEU Archive
Reico's fund shops in Prague
The real estate investment arm of Czech bank Ceska Sporitelna has bought a mixed-use building on Prague's Wenceslas square for nearly one billion Czech koruna (EUR 41 mln). CS Real Estate Fund, which is managed by the bank's investment arm Reico, has purchased the building from an unnamed US-based private ...
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PropertyEU Archive
Nigel Roberts to leave JLL
Jones Lang LaSalle has confirmed that Nigel Roberts, director and chairman of EMEA Research, has decided to leave the firm after a career spanning nearly 30 years. Roberts intends to pursue client-side opportunities.
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PropertyEU Archive
Invesco Real Estate sells French asset for EUR 14m
Invesco Real Estate (IRE), has announced the sale of a Parisian office property for EUR 14 mln on behalf of its client, the iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund of Bayerische Versorgungskammer (BVK), to BNPPREI Management on behalf of a 鈥楽CPI鈥� under management, Accimmo Pierre.
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PropertyEU Archive
Plaza Centers raises EUR 15m from Polish investors
Plaza Centers, a leading emerging markets property developer, has raised a total of PLN 60 mln (around EUR 15.2 mln) following the completion of the first tranche of a bond offering to Polish institutional investors. The bonds have a three-year maturity and bear an interest rate of six month Polish ...
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PropertyEU Archive
Tag to launch EUR 174m takeover bid for Colonia
Hamburg-based Tag Immobilien is launching a EUR 174 mln voluntary takeover offer for Cologne-based competitor Colonia Real Estate. In a statement last week, the company offered to pay EUR 5.5 for each Colonia share, representing a 30% premium on the company's average weighted market price for the past three months.
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PropertyEU Archive
Pradera fund acquires three Polish malls for EUR 40m
Pradera Europe has agreed the purchase of three shopping centres in Poland from UK-listed Carpathian for a total of EUR 40.2 mln on behalf of its Pradera Open-Ended Retail Fund (POERF).
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PropertyEU Archive
Top 5 markets account for bulk of European retail deals: CBRE
European retail investment volume reached EUR 7.3 bn in the third quarter of 2010 and was heavily concentrated in only a small number of markets, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Helical Poland secures EUR 72m financing for Gliwice mall
Helical Bar's Polish arm has secured construction financing for Europa Centralna, its flagship retail project near Gliwice in Poland. The company was granted a loan of EUR 72 mln from Aareal Bank for the 67,000 m[sup]2[/sup] scheme which will open in late spring 2012.
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PropertyEU Archive
AEW Europe/Tristan fund confirms logistics transaction
AEW Europe and Tristan Capital Partners have confirmed that a subsidiary of European Property Investors Special Opportunities (EPISO), an opportunistic property fund they co-advise, has sold five logistics assets located in Rugby and southwest London to London & Stamford Property Plc for 拢123 mln (EUR 144 mln).
