All PropertyEU Archive articles 鈥� Page 1886
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PropertyEU Archive
Bank JV to invest EUR 300m in Austria's highest tower
A consortium of Bank Austria's real estate arm Bautr盲ger Austria Immobilien and Wiener Entwicklungsgesellschaft f眉r den Donauraum (WED) has started the development of the DC Tower in Vienna.
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PropertyEU Archive
Metric picks up Northern Irish retail park for EUR 34m
Metric Property Investments has exchanged contracts to acquire Damolly Retail Park, Newry, Northern Ireland for an initial payment of 拢28.4 mln (EUR 34 mln). The vendor is private property firm Corbo.
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PropertyEU Archive
Union Investment buys office asset in Sweden for EUR 58m
Hamburg-based fund manager Union Investment is acquiring an office property in Sweden for SEK 555 mln (almost EUR 58 mln). The vendor is listed Swedish real estate company Fabege. The property at P盲ronet 8 in Solna Strand in the municipality of Stockholm comprises 21,600 m[sup]2[/sup] of office space.
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PropertyEU Archive
Aberdeen trades assets in Denmark
Aberdeen Property Investors (API) has acquired a landmark office building in greater Copenhagen for around DKK 300 mln (EUR 40 mln). Located in the Tuborg port area, the property offers 11,000 m[sup]2[/sup] of office space in Hellerup and is earmarked for API's Property Fund Denmark. The vendor is the Danish ...
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PropertyEU Archive
Foreign buyers drive Italian retail investment
Some EUR 2.5 bn of Italian retail assets is up for grabs in Italy as developers look to cash in on rebounding property prices, according to Davide Dalmiglio, head of JLL's retail capital markets in Italy. 'Despite the large availability of product, as little as 10-15% of total stock corresponds ...
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PropertyEU Archive
GE Capital to halve property portfolio
GE Capital Real Estate has unveiled plans to shrink its real estate holdings worldwide on the back of mounting losses in its commercial property portfolio.
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PropertyEU Archive
High energy costs scare off retailers, says Douglas
Retail property owners and investors are ramping up asset management strategies to maintain shopping centres performance in a difficult economic environment across Europe, but costs continue to be a big concern for centre management and their tenants.
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PropertyEU Archive
Generali to step up real estate exposure
Italian insurance giant Generali is looking to invest up to EUR 300 mln in the Italian market this year as part of plans to increase the weight of its real estate exposure.
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PropertyEU Archive
Moody's assigns Corio Baa1 rating
Moody's Investors Service has assigned Dutch REIT Corio a Baa1 long-term issuer rating with a stable outlook. Executives of the retail property specialist have had regular meetings with Moody鈥檚 in recent months as part of a ratings application process aimed at broadening its funding base.
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PropertyEU Archive
Immofinanz sells portfolio in Germany for EUR 100m
Vienna-listed Immofinanz has sold a German portfolio of 28 properties to Bauen und Wohnen (Buwog) for EUR 100 mln. This is the first major acquisition by Bauen und Wohnen, an Austrian firm, in the German property market.
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PropertyEU Archive
WestLB sales process to start on 30 September
German bank stabilisation fund Soffin has said the process to sell the wholesale bank West LB must begin by 30 September. Meanwhile, WestLB is seeking to auction its real estate financing unit Westimmo.
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PropertyEU Archive
Qatari investor acquires Land Secs development for EUR 300m
Qatar-based Barwa Real Estate is to acquire the Park House development in Mayfair, London from UK REIT Land Securities for 拢250 mln (EUR 299 mln) .
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PropertyEU Archive
Immac invests EUR 31m in Austrian nursing homes
Hamburg-based fund manager Immac said that it has invested around EUR 31 mln in the purchase of four properties in the Austrian federal state of Carinthia for its new nursing centre fund, Austria VIII.
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PropertyEU Archive
Allianz RE takes 75% stake in Paris mall from Hammerson
Allianz Real Estate has exchanged conditional contracts to acquire a 75% interest in Hammerson's Espace Saint Quentin shopping centre, Saint Quentin-en-Yvelines near Paris. Hammerson, a real estate investment trust in both the UK and France, said it will continue to manage the asset which will be held in a 75:25 ...
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PropertyEU Archive
Panattoni starts development of Lodz business park
Panattoni Europe said on Thursday that it has started development of its Panattoni L贸dz business centre in Poland. This is Panattoni's first investment of this type, offering office space and logistics accommodation for small business units.
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PropertyEU Archive
WP Carey completes second leaseback deal with Eroski
New York-listed WP Carey & Co has acquired two warehouse logistics facilities in Elorrio and Mallorca from Spanish retail group Eroski for EUR 43 mln.
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PropertyEU Archive
P3 to build 63,000-m[sup]2[/sup] Slovakian facility with Inva Group
Arcapita Bank's European logistics property arm PointPark Properties (P3) has signed a partnership agreement with the local developer Inva Group for the development of a new logistics park in eastern Slovakia. The new facility, called PointPark Kolice, will consist of three buildings offering 63,000 m[sup]2[/sup] of A-quality distribution space on ...
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PropertyEU Archive
Echo unveils EUR 1.2b investment plan
Warsaw-listed Echo Investments is planning 56 new real estate projects over the next five years for a total investment of PNL 5 bn (EUR 1.2 bn). The projects include 13 commercial centres, 16 office buildings, 26 residential projects and a hotel.
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PropertyEU Archive
Patrizia buys EUR 125m worth of German apartments
Listed German property firm Patrizia has announced that one of its subsidiaries is acquiring a total of 50,000-m[sup]2[/sup] of residential real estate on behalf of its special funds. The investment volume comes to more than EUR 125 mln.
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PropertyEU Archive
AMB Property leases 8,900m[sup]2[/sup] in Hamburg development
New York-listed industrial space specialist AMB Property Corporation has leased the remaining 8,900 m[sup]2[/sup] of its AMB Hausbruch Industrial Center A in Hamburg, Germany. Kuehne + Nagel, a global leader in international forwarding, will use the space to accommodate its expanding business requirements. Kuehne + Nagel is now the sole ...
