All PropertyEU Archive articles 鈥� Page 1840
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PropertyEU Archive
DTZ issues profit warning as recovery in Europe lags
DTZ has issued a profit warning, citing 'challenging trading conditions' for the UK & Ireland as well as its Continental Europe, Middle East and Africa (CEMEA) business.
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PropertyEU Archive
LaSalle secures 126,000 m[sup]2[/sup] of French leases in 12 months
LaSalle Investment Management has announced the signing of a six-year firm lease with the owners of an international financial newspaper for offices located at 46 rue La Boetie in Paris. The property is now also fully occupied.
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PropertyEU Archive
Prologis prices shares at $12.30 for offering
New York-listed Prologis, the global provider of distribution facilities, announced on Wednesday the pricing of 80 million common shares in a public offering at a price of $12.30 per share. The company has granted the underwriters a 30-day option to purchase up to an additional 12 million shares to cover ...
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PropertyEU Archive
Icade's turnover falls 12% so far in 2010
French commercial property group Icade saw its turnover drop by 12% to EUR 958.5 mln in the first three quarters of 2010, compared to EUR 1 bn in the same period a year before. In a statement, the real estate unit of Caisse des Depots said that the drop is ...
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PropertyEU Archive
CBRE, JLL report strong performances in Q3
The two largest global real estate advisory firms have reported strong performances for the third quarter of 2010 thanks to an increase in transaction and leasing activity.
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PropertyEU Archive
EMEA hotel investment to hit EUR 5.5b: JLL
The EMEA hotel investment market has demonstrated strong growth in the first three quarters of 2010, reaching EUR 3.97 bn, according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Vastned Retail places EUR 75m bond with US investor
Pan-European retail property fund Vastned Retail has placed a EUR 75 mln unsecured bond with a single major US institutional. This is Vastned Retail's first transaction in the US private placement market.
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PropertyEU Archive
Radisson Blu Krakow receives first hotel BS8901 cert
Union Investment has announced that its Radisson Blu Hotel in Krakow has been certified with the BS8901 standard. It is the first hotel in Poland, first Rezidor hotel and first hotel worldwide to obtain the standard.
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PropertyEU Archive
Demanio Agency reports strong interest for Caserma Piave
Italy's public real estate agency, Agenzia del Demanio said that there is strong interest from investors in the Caserma Piave property which is up for sale, with 24 expressions of interest during a first meeting with real estate investors.
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PropertyEU Archive
NBGI enters Poland with logistics buy
Standard Life Investments鈥� Select Property Fund has sold Panattoni Park Garwolin, a 25,940 m[sup]2[/sup] logistics property located in Garwolin, Poland, to NBGI Private Equity. The deal is NBGI's first in the Polish market.
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PropertyEU Archive
Poland leads recovery in CEE industrial market: JLL
Industrial investment and occupier activity saw an upswing in the first half of 2010 in the CEE region, although volumes remained below pre-credit crisis levels with recovery in the industrial investment market still fragile and uneven. That is one of the key conclusions of Jones Lang LaSalle鈥檚 latest European Industrial ...
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PropertyEU Archive
Multi wins tender for 100,000 m[sup]2[/sup] project in Gdansk
A consortium of Multi Development Poland and Multi Corporation has signed a preliminary shareholder agreement with the Municipality of Gdansk in relation to the development of the Hay and Crayfish Market in the city centre.
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PropertyEU Archive
Mercialys in talks to sell EUR 100m worth of retail assets
French SIIC Mercialys has announced that it has entered into exclusive negotiations to sell around EUR 100 mln worth of retail properties before the end of the year. The assets mostly consist of service malls, food stores, stand-alone restaurants, and co-ownership lots.
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PropertyEU Archive
Morgan Stanley liquidates P2 Value fund
Morgan Stanley said on Tuesday it is liquidating its P2 Value open-ended fund as it does not expect sustained high returns upon its reopening on 1 November. The fund's 34 properties will be sold over a period of three years and the proceeds paid out to investors. In the meantime ...
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PropertyEU Archive
Risanamento closes sale of Falck site for EUR 405m
Italian listed real estate developer Risanamento has signed the final agreement to sell the vast Falck development site in the Sesto San Giovanni outskirts of Milan for a price of EUR 405 mln. The agreement puts an end to nearly two years of negotations on the sale of the area ...
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PropertyEU Archive
Ascott REIT completes major European purchase
Singapore's Ascott Residence Trust said that it has completed the acquisition of 28 serviced residence properties in Europe and Asia for a total of S$970 mln (EUR 537 mln) from its parent group. The properties, including 3,347 units, are located in France, UK, Germany, Belgium and Spain, with two assets ...
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PropertyEU Archive
Europe's major retailers back on the growth track, says Klepierre
French SIIC Kl茅pierre saw retail sales increase by 1.2% during the first three quarters of the year as the retail market continues to improve across Europe. Retailers' appetite to is also starting to increase again, with Klepierre recently signing a number of new leases, including three rental agreements with H&M ...
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PropertyEU Archive
PropertyEU ranking: German financiers gain Dutch market share
German financiers Berlin Hyp and Deutsche Hypo have each moved up two notches in the annual ranking of leading property financiers in the Netherlands compiled by PropertyNL. The ranking, which is based on lending volume over 2009 and is compiled by the Dutch sister publication of PropertyEU, is headed by ...
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PropertyEU Archive
Paris and London lead in north-south market recovery: King Sturge
The latest European rents and yields survey from King Sturge confirms that London and Paris lead the recovery with prime office rents up on the previous quarter.
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PropertyEU Archive
Meyer Bergman buys Burlington Arcade for EUR 117m with Thor Equities
Real estate investment manager Meyer Bergman and US property investor Thor Equities have acquired Burlington Arcade in London's West End, for 拢104 mln (EUR 117 mln). The acquisition has been made through what is initially an 80/20 joint venture, but which provides Thor with an option to increase its stake ...
