All PropertyEU Archive articles 鈥� Page 1837
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PropertyEU Archive
Prelios halves loss to EUR 30m so far in 2010
Prelios, formerly Pirelli & Co Real Estate, has reported a loss of nearly EUR 30 mln in the first nine months of 2010, compared to a loss of EUR 58 mln in the same period a year before. The figure mostly reflects heavy writedowns on its portfolio, accounting for roughly ...
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PropertyEU Archive
Sponda swings back to profit, signs EUR 650m of credit agreements
Finnish listed property company Sponda swung to an operating profit of EUR 133 mln in the first nine months of 2010, from a loss of EUR 37 mln in the same period a year before. Total revenue came in at EUR 174 mln, compared to EUR 179 mln in the ...
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PropertyEU Archive
Savills expands retail agency team in Frankfurt
Savills Immobilien Beratungshas employed retail agent Julia Milanovic at its Frankfurt office. Milanovic has three years of experience in commercial real estate and most recently worked for NAI apollo in Frankfurt. Marco Mallucci, head of Savills Frankfurt, said: 'Julia Milanovic will further strengthen our market position in Frankfurt and we ...
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PropertyEU Archive
Unibail-Rodamco gets agreement on Les Halles renovation
SCFHP, a subsidiary of Unibail-Rodamco and AXA, owner-operator of the Forum des Halles shopping centre, has announced that it has concluded an agreement with the City of Paris setting out the conditions of its involvement as a partner in a rezoning project for Paris' Les Halles district.
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PropertyEU Archive
Europa Capital makes two appointments
London-based real estate investment group Europa Capital has announced two new appointments. James Farmer joins from the Royal Bank of Scotland (RBS) as an associate supporting the acquisitions team active in 'Middle Europe'. The team which covers France, Germany, Austria and Switzerland is headed by Nic Fox.
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PropertyEU Archive
Sonae Sierra opens mall extention in Brazil
Sonae Sierra, through its subsidiary Sonae Sierra Brasil, has opened Parque D. Pedro Shopping first expansion, in Campinas, Brazil. The extension represents an investment of EUR 9.6 mln and is made up of a new boulevard with 34 new stores with 5,450 m[sup]2[/sup] of Gross Lettable Area (GLA).
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PropertyEU Archive
Norwegian pension giant buys stake in Regent St
Norway's giant government pension fund has made its first foray into the real estate sector by acquiring a chunk of Regent Street in London for 拢448 mln (EUR 511 mln).
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PropertyEU Archive
EBRD provides financing for Montenegrin hotel project
The European Bank for Reconstruction and Development (EBRD) said this week that it is providing finance for a EUR 74 mln project to refurbish and extend the Crna Gora hotel in Montenegro.
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PropertyEU Archive
Metro mulls sale of Saturn stores in France
German retail group Metro said that it has started negotiations with HTM Group, the owner of Auchan, for the sale of some or all of its Saturn stores in France. The move is part of a strategic review of the group's consumer electronics business in France which include the potential ...
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PropertyEU Archive
Savills recruits for office team in Hamburg
Savills Immobilien has recruited Sebastian Peters as Senior Consultant for its Hamburg office agency team. Peters, who started on 1 November 2010, has many years of experience in commercial real estate. A certified specialist in the real estate and housing sector, Kaufmann der Grundst眉cks- und Wohnungswirtschaft - EBZ, he started ...
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PropertyEU Archive
Catella fund spends EUR 12m in Munich
Catella Real Estate KAG announced on Thursday that it has acquired a 2,600-m[sup]2[/sup] core office property in Munich for its German open-ended fund Catella Max for EUR 12 mln. The vendor is UBS Real Estate's (D) Euroinvest Immobilien fund.
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PropertyEU Archive
Q3 capital growth in UK is shallowest of the year, delegates told
Modest rental uplifts over the third quarter failed to prevent the shallowest quarterly capital growth of the year, delegates at the IPD/IPF/PDIG Quarterly Q3 Briefing were told on Tuesday.
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PropertyEU Archive
Erste fund acquires Media Markt premises in Hungary
Erste Real Estate Fund has acquired a 4,400-m[sup]2[/sup] property in Szeged occupied by electronics retailer Media Markt in one of the few significant property transactions in Hungary this year. The vendor is Caelum Development. The parties agreed not to disclose the price.
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PropertyEU Archive
RREEF acquires office properties in Warsaw
RREEF Investment has acquired the Topaz and Nefryt office properties in Warsaw on behalf of its open-ended grundbesitz europa fund for EUR 80 mln. The vendor is the Polish project development company Globe Trade Centre.
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PropertyEU Archive
Skanska begins green office project in Budapest
Skanska is developing a new office property with a strong environmental profile in Budapest, Hungary. Skanska鈥檚 investment amounts to EUR 32.5 mln, about SEK 300 mln.
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PropertyEU Archive
ING REIM sees broad-based recovery in European prime rents
The decline in prime yields seen in major European commercial real estate markets this year, in anticipation of a recovery in occupier markets, could be justified by a genuine turnaround in 2011, but significant economic threats remain, ING Real Estate Investment Management has said in its latest European View research ...
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PropertyEU Archive
Patrizia sells Isartor Palais new building project
Patrizia Projektentwicklung, a subsidiary of German listed Patrizia Immobilien, has sold the Isartor Palais property located on the Munich Altstadtring. The buyer is a pension fund in northern Germany. The parties agreed not to disclose the price.
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PropertyEU Archive
TK takes option on shopping centre property in Denmark
Danish listed real estate company TK Development has entered into an option agreement to acquire a property zoned for a shopping centre scheme in Odense, Denmark. The agreement also covers parts of Karre 3 mixed-use scheme in the same area.
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PropertyEU Archive
MFI seeks opportunities in Turkey, Germany
German shopping centre developer Management fur Immobilien (MFI) is looking for its first investment opportunity in Turkey after several years of activity in the country as a leasing service provider. In an interview with PropertyEU, CEO Matthias B枚ning said that the Turkish retail real estate market offers value due to ...
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PropertyEU Archive
Helaba to remain picky as London office market takes off
German property financier Helaba has said it will remain selective as the office market in Greater London takes off. London is Helaba's second-largest foreign market after the US.
