All PropertyEU Archive articles 鈥� Page 1864
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PropertyEU Archive
Cofinimmo disposes of 717,000 shares
Brussels-listed real estate firm Cofinimmo has disposed of 717,500 of its own shares in the market during August at an average price of EUR 92.56 per share.
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PropertyEU Archive
Skanska, KBS to develop 63,000-m[sup]2[/sup] mall in Trondheim
Norwegian firm KBS Kj酶pesenter, part of Realinvest, has contracted Skanska Norway to build a shopping centre in Trondheim. The construction contract amount is NOK 477 mln (EUR 60 mln).
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PropertyEU Archive
NCC to invest EUR 107m in Malmo mixed-use project
Finnish firm NCC has started the construction of Triangeln, a mixed-use development programme in central Malmo, Sweden. The company said that it plans to invest SEK 1 bn (EUR 107 mln) in the project, which consists of a shopping mall on two floors and housing and retail premises on the ...
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PropertyEU Archive
Kungsleden acquires retirement home for EUR 14m
Swedish listed property company Kungsleden is acquiring a retirement home located in Uppsala, near Stockholm, through Hems枚, its joint venture with the Swedish Third Pension Insurance Fund (AP3).
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PropertyEU Archive
Hansteen has EUR 300m firepower for distressed acquisitions
Hansteen, the UK REIT investing in continental European and UK real estate, has firepower totalling 拢254 mln (EUR 307mln) for 'distressed opportunities'.
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PropertyEU Archive
COLUMN: Widening real estate's capital-raising base
One very important lesson to emerge from the recent financial crises has been the need to reduce the over-reliance of the European property sector on bank lending as a primary mechanism for capital-raising.
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PropertyEU Archive
LaSalle completes major refurbishment of Lion Walk, Colcheste
LaSalle Investment Management has completed a major refurbishment of the Lion Walk shopping centre in Colchester. The 18,600-m[sup]2[/sup] shopping centre is home to 35 of Britain鈥檚 most popular retailers, the asset manager said.
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PropertyEU Archive
European listed sector poised for M&A surge
Europe's listed real estate sector is set for a new round of takeovers, signalling that the worst of the downturn may be over. 'This is the time for a new round of M&A to reach the industry. It will likely be a long-term process, similar to the last wave of ...
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PropertyEU Archive
MPC extends lease at Europoint II
MPC Real Estate Services has sealed a new lease agreement with Rotterdam's local authority for the Europoint II office complex.
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PropertyEU Archive
IFM leases 2,000m[sup]2[/sup] at Frankfurt Romeo & Julia office towers
IFM Immobilien has leased out nearly 2,000 m[sup]2[/sup] of office space in the Romeo & Julia twin towers in Frankfurt. The newest tenants are real estate firm Colliers (800 m2) and Baring Asset Management (400 m2). The law firm WilmerHale has increased its office space by 750 m[sup]2[/sup].
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PropertyEU Archive
IGD SIIQ's profit doubles in H1 2010
Listed Italian retail property specialist Immobiliare Grande Distribuzione (IGD) SIIQ saw its profit double to EUR 14 mln in the first half of 2010, largely as a result of lower writedowns on its Italian and Romanian property portfolio. The figure compares to a EUR 7 mln profit in the same ...
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PropertyEU Archive
MTH buys 184 Mac Geiz stores in Germany
Austrian firm Management Trust Holding (MTH) has acquired a portfolio of 184 discount stores in eastern Germany from the insolvent Mac Geiz household retail chain. The announcement of the sale of the operating and property businesses which employ a total staff of 1,300 was made on Friday by administrator Rainer ...
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PropertyEU Archive
HB Reavis brokers Slovakia's largest leasing deal of 2010
Slovakian real estate development firm HB Reavis said that it has sealed the country's largest office lease agreement so far this year with the letting of 8,500 m[sup]2[/sup] of Grade A office space in its Apollo Business Centre II in Bratislava.
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PropertyEU Archive
Metrovacesa gets extension on EUR 230m facility
Spanish debt-laden property company Metrovacesa has received a six-month extension on repayments of a EUR 230 mln syndicated credit facility granted in April this year. In a statement to the stock market regulator CNMV, the Madrid-based group said that the six financial institutions owning 65% of the company have decided ...
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PropertyEU Archive
ING RE Finance sees new business decline 40%
ING Real Estate Finance (ING REF) saw its new commercial real estate business fall 42% to EUR 4 bn in 2009 from EUR 7 bn the previous year, according to PropertyEU's annual survey of the top financiers in Europe. In terms of outstanding volume, however, ING REF still ranks among ...
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PropertyEU Archive
Fimit-First Atlantic merger to create EUR 8b asset manager
Italian real estate fund manager Fondi Immobiliari Italiani (Fimit) has signed a non-binding memorandum of understanding (MoU) about merging with First Atlantic Real Estate, the real estate fund management arm of Milan-listed private equity investment group Dea Capital.
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PropertyEU Archive
AEW sells Omega office building near Paris
Real estate investment manager AEW Europe has announced the sale of the Omega 7 office building located at Kremlin-Bic锚tre, in the southern suburbs of Paris, to insurance group La Mutuelle G茅n茅rale. The transaction was brokered by AEW on behalf of the owner, French bank Caisse des D茅p么ts. The financial details ...
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PropertyEU Archive
Fund of funds pioneers launch new firm
Anders Astrom and Tomas Otterud, the founders of Aberdeen Property Investors' real estate fund of funds business (API IIM) have joined forces to create Custor Capital, an independent investment firm focused on global customised real estate solutions for institutional investors.
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PropertyEU Archive
ING sells Canadian portfolio stake in EUR 1.5b deal
Dutch banking and insurance group ING announced on Friday that it has agreed to sell its 50% stake in the Canadian light industrial property portfolio, ING Summit Industrial Fund, to a joint venture between KingSett Capital and Alberta Investment Management Corporation (AIMCo).
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PropertyEU Archive
LGP acquires UK private hospital for EUR 20m
Legal & General Property (LGP) announced on Friday that, on behalf of the Property Unit Trust, it has acquired the BMI Woodlands Hospital in Darlington, UK from Bluesparkle.
