All PropertyEU Archive articles 鈥� Page 1888
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PropertyEU Archive
PIK retreats from commercial property development
London-listed developer PIK Group has divested its commercial real estate unit, Storm Properties, to refocus on the residential market in and around Moscow.
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PropertyEU Archive
Realty Lab hired to sell 10,000 m[sup]2[/sup] of retail in Padua
Realty Lab, the Milan-based real estate brokerage firm, is looking for a buyer for a 10,000-m[sup]2[/sup] retail project being built by a local developer adjacent to the long-established Piazza Grande shopping centre in Piove di Sacco, 20 km south-east of Padua, Northern Italy.
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PropertyEU Archive
French govt to offload 1,700 properties
The French government has announced plans to divest 1,700 real estate assets in the next three years in a bid to reduce the country's public debt.
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PropertyEU Archive
Redevco buys in Madrid for EUR 27m
Dutch privately held investor Redevco has acquired a retail unit in the Salamanca district of Madrid for around EUR 27 mln. Located at Goya street, the property offers around 2,300 m[sup]2[/sup] of retail space and is leased to fashion retailer Zara with a long-term rental agreement.
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PropertyEU Archive
Risanamento sells Falck to Korean consortium for EUR 405m
The management board of listed Italian real estate developer Risanamento has approved the sale of the Falck development site in Milan to Bi & Di Real Estate for EUR 405 mln. In a statement, Risanamento confirmed that it has received an offer from Bi & Di on behalf of a ...
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PropertyEU Archive
Eroski sells to ING RE for EUR 50m
Spanish supermarket group Eroski said it has sold the Bilbondo shopping centre to the Iberian value-added fund managed by ING Real Estate Investment Management for EUR 50 mln. Located in Basauri, Vizcaya, the centre offers an Eroski hypermarket and a retail gallery with over 50 shops. Eroski has leased back ...
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PropertyEU Archive
Maturing European logistics market attracts institutional investors: CBRE
Changes in the characteristics of the European logistics property market have continued to boost the scale and quality of investable stock and are contributing to the sector's rise as an institutionally acceptable investment medium, according to latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Banimmo clinches pre-lettings for two renovated buildings
Belgian real estate firm Banimmo has announced the repositioning of two assets in its portfolio on the basis of long term pre-letting agreements. Both buildings, located in the Da Vinci Park in Brussels, were rented when acquired. Banimmo said the objective was to carry out renovation or restructuring work in ...
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PropertyEU Archive
Doughty Hanson receives first BREEAM rating in Italy
Mac 567, the new office complex developed by Doughty Hanson in Milan, has become the first Italian project to boast a BREEAM sustainability certificate.
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PropertyEU Archive
Invista sells Science Park buildings to Legal & General
Invista Real Estate Investment Management has sold three properties in Cambridge Science Park to Legal & General Property on behalf of a client. The buildings were acquired on behalf of LGP鈥檚 UK Property Trust for 拢17.75 mln (EUR 21.4 mln), representing a net initial yield of 7.775%.
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PropertyEU Archive
Parsitalia starts development of Rome's Eurosky tower
Italy's Parsitalia Real Estate has started the construction of the Eurosky tower in the Eur business district of Rome, Chief Executive Luca Parnasi said during a presentation of the project at the Expo Italia Real Estate fair in Milan last week. The scheme, which is set to become Italy's tallest ...
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PropertyEU Archive
EPISO fund sells London office to Hermes at 7.1% yield
European Property Investors Special Opportunities (EPISO) has sold an office asset in southwest London to the UK asset manager Hermes Real Estate. The investment volume of 拢58 mln (EUR 70 mln) reflects a net initial yield of 7.1%.
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PropertyEU Archive
Resolution acquires Polish mall for EUR 51m
European real estate investor Resolution Property has purchased Galeria Pomorska in the northern Polish city of Bydgoszcz for EUR 50.75 mln, reflecting an initial yield of 10%.
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PropertyEU Archive
Hammerson buys Leadenhall Court from receiver for EUR 79m
Hammerson is acquiring the long leasehold interest in Leadenhall Court, a City of London office building, for 拢65 mln (EUR 79 mln). The UK REIT announced on Friday that it had exchanged conditional contracts with Alan Bloom and Alan Hudson of Ernst & Young, joint receivers over the property which ...
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PropertyEU Archive
Commerz Real strikes again in Poland
Commerz Real has acquired the Harmony Office Center in Warsaw for its open-ended real estate fund hausInvest europa. The total investment volume for the office scheme, which has a gross lettable area of about 19,300 m[sup]2[/sup] and was completed in 2008, approximates EUR 56 mln. It is let in its ...
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PropertyEU Archive
Goodman, CBRE Realty in European alliance
Goodman Group, the Sydney-listed logistics developer-investor, has teamed up with CB Richard Ellis Realty Trust for a EUR 880 mln investment drive in logistics assets in the UK and Continental Europe.
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PropertyEU Archive
Cordea Savills appoints John Luke as director of institutional business
Cordea Savills, the international property fund manager, has appointed John Luke as director of institutional business with a focus on distribution in Ireland, the Nordics and the Benelux region. He will be based in the firm's London office and will report to Michael Flynn, executive director of institutional business.
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PropertyEU Archive
Meyer Bergman buys second London retail asset
Meyer Bergman has acquired the Exchange Shopping Centre, Ilford from the Mall Fund for around 拢71 mln (EUR 86 mln). The investment volume reflects a net initial yield in excess of 8.2%.
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PropertyEU Archive
Vastned receives first BREAAM In-use certificate
Dutch listed property company Vastned received the first BREEAM In-Use certificate for a building in Germany at the Provada real estate fair in Amsterdam this week. This is the first time that an existing building has been certified under the BREEAM In-Use methodology.
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PropertyEU Archive
'Silver lining' in property markets hard to find: ULI Germany summit
The million-dollar question as to where to find the 鈥榮ilver lining鈥� in the ongoing economic and property crisis in Europe is no closer to being answered, said Bernhard Hansen, chairman of ULI in Germany and CEO of German property group Vivico Real Estate, as he opened ULI Germany鈥檚 Urban ...
