All PropertyEU Archive articles 鈥� Page 1835
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PropertyEU Archive
Sonae Sierra explores emerging markets
Portuguese developer Sonae Sierra is looking to expand in a number of emerging markets in the Mediterranean basin, South America and Asia. 鈥榃e want to continue our international growth, and therefore we need to be more aggressive in the search for opportunities in emerging markets,鈥� CEO Ferando Guedes de Oliveira ...
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PropertyEU Archive
Futureal Group opens first shopping in Romania
Hungarian investor-developer Futureal Group has announced the opening of Gold Plaza Baia Mare, the first modern shopping and entertainment center in the North Western Romania. Gold Plaza is a joint development undertaken by Futureal and Austrian listed company Immofinanz.
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PropertyEU Archive
Gecina targets EUR 9b portfolio by 2014
French property company Gecina is pushing ahead with plans to nearly double its office property portfolio from EUR 5.5 bn at present to roughly EUR 9 bn in the next three years.
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PropertyEU Archive
Helaba lifts pre-tax earnings to EUR 284m for first 9 months
German financier Helaba said on Tuesday that it overcome the adverse valuation effects experienced in the second quarter and increased group net profit for the first nine months of the business year to almost the previous year's level.
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PropertyEU Archive
Pakistani family buys 5-star hotel in London
Savills and Gerard Nolan & Partners, on behalf of a UK property company, have sold St James's Hotel & Club, 7 - 8 Park Place, London for a price in the region of 拢55-拢60 mln (EUR 64-70 mln) to Pakistan's billionaire Mansha family.
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PropertyEU Archive
Great Portland spends EUR 52m in London jv reshuffle
London-listed Great Portland Estates has announced it is acquiring four properties in the UK capital for a total of 拢45 mln (EUR 52 mln) from its joint venture with Capital & Counties Properties.
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PropertyEU Archive
Aareal books EUR 94m operating profit for first 9 months
Aareal Bank Group said on Tuesday that it has continued to perform well during the current financial year, posting consolidated operating profit of EUR 33 mln for the third quarter - in a business environment that continues to be challenging.
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PropertyEU Archive
Aareal, Helaba post strong figures in 'challenging environment'
German real estate financiers Aareal Bank and Helaba posted strong earnings figures on Tuesday despite what Aareal described as a continuing challenging business environment.
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PropertyEU Archive
Aberdeen AM joins ISA as founding member
Aberdeen Asset Management has become the latest organisation to join the International Sustainability Alliance (ISA) as a founding member, bringing the number of founding members to 22.
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PropertyEU Archive
German fund acquires Brussels Nespresso HQ
Savills, the international real estate advisor, has confirmed the acquisition of the Nespresso HQ in the CBD of Brussels by HFSB Metropolen Westeuropa, a German fund administered by Hansainvest Hanseatische Investment, Hamburg. Initiators and managers of the fund are APG Hanseatic Funds Asset- und Fondsmanagement and S. Boehme & co.
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PropertyEU Archive
SNS Property Finance terminates Dutch activities
After retreating from its international markets, SNS Property Finance (SNSPF) is now gearing up to terminate its Dutch activities. The news follows fresh losses during the third quarter at the Dutch property unit of SNS Reaal after higher loan impairments and operating costs.
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PropertyEU Archive
UBM buys Hotel Symphony in Amsterdam Zuidas
Vienna-listed property company UBM Realit盲tenentwicklung has acquired the Hotel Symphony in Amsterdam from Philips' pension fund for an undisclosed price. Symphony Hotel will be operated by Intercontinental Hotel Group as a business hotel under the Crowne Plaza brand.
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PropertyEU Archive
Tony Horrell appointed CEO of Colliers International UK
Tony Horrell has been appointed CEO of AIM-listed Colliers International UK with immediate effect. Until the beginning of this year, Horrell was international director and head of Jones Lang LaSalle's Capital Markets group in Europe.
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PropertyEU Archive
Invesco RE plans Asia fund for German investors
Invesco Real Estate is gearing up to launch an Asia fund for German institutional investors in Q1 2011, Robert Stolfo, Director of Business Development in Germany, told PropertyEU in an interview. The fund aims to raise between EUR 200 -250 mln in equity and will be registered as a Luxembourg-based ...
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PropertyEU Archive
Redevco to start construction of Magnesia mall in Turkey
Redevco Turkey is to start construction of the 17,000-m[sup]2[/sup] Magnesia Shopping Center in the first quarter of 2011. Manisa is one of the most industrialised provinces in Turkey's Aegean Region and has a total population of 1.3 million.
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PropertyEU Archive
Fabege transfers a property to housing development jv
Fabege has transferred a property in 脰stermalm to joint-owned housing development company. As announced earlier, Fabege and Oscar Properties Invest have formed the joint venture for the development of tenant-owner flats in Stockholm.
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PropertyEU Archive
RREEF invests in Forum Mittelrhein in Koblenz
RREEF Investment has reached agreement with developers ECE Projektmanagement and Strabag Real Estate on a 94.9% stake in the company established to realise the Forum Mittelrhein shopping centre in Koblenz. Total investment in the project is put at around EUR 145 mln. The stake will be added to RREEF鈥檚 ...
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PropertyEU Archive
MPS plans EUR 1.5 bn mortgage-backed sale
Italy's Banca Monte Paschi di Siena is planning to sell EUR 1.5 bn of securities in the country's first residential mortgage-backed securities operation since the start of the credit crisis. Market regulator Consob last week authorised Italy's oldest bank to go ahead with its offer of asset-backed securities, planned for ...
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PropertyEU Archive
FdR gets EUR 270m refinancing for CB 21 tower
French listed property group Fonciere des Regions (FdR) has received a EUR 270 mln refinancing loan for its CB 21 tower in the Paris business district of La Defense. The loan was granted by a syndicate of German banks including Bayerische Landesbank (BayernLB), Berlin-Hannoversche Hypothekenbank (Berlin Hyp) and Deutsche Genossenschafts-Hypothekenbank ...
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PropertyEU Archive
Vastned acquires store in Istanbul for EUR 30m
Vastned Retail has acquired its seventh prime high street premises in the heart of Istanbul for EUR 29.5 mln, including purchase costs, from Yapi Kredi Bank (YKB). The pan-European retail property fund now has a EUR 90 mln-plus portfolio in Turkey.
