All PropertyEU Archive articles 鈥� Page 1892
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PropertyEU Archive
Goodman, SWIP seal distribution centre leasing
Global property group Goodman and Scottish Widows Investment Partnership (SWIP) have let a new 22,400-m[sup]2[/sup] distribution centre at Hoddesdon Commercial Park, in Hertfordshire, to Wincanton.
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PropertyEU Archive
Crocus Group opens Russia's largest mall
Russia's Crocus Group announced the opening this week of its Vegas retail and leisure centre in Moscow. With over 300 shops and a 400,000 m[sup]2[/sup] surface area, the property represents Russia's largest shopping mall, Crocus said.
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PropertyEU Archive
Forever 21 chooses Dublin for first European store
Property advisor Savills have announced that US fashion giant Forever 21 has chosen to locate its first European store in the Jervis Shopping Centre in Dublin in one of the largest retail leasing deals in Ireland over the past three years.
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PropertyEU Archive
GTC buys 50% of Warsaw mall project
CEE commercial property developer Globe Trade Centre (GTC) has completed the acquisition of a 50% stake in a shopping centre project in the Wilanow district of Warsaw owned by Polish listed company Polnord.
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PropertyEU Archive
NSI rasies EUR 55m to fund acquisitions
Listed Dutch real estate firm Nieuwe Steen Investments (NSI) raised EUR 55 mln in a private placement on Thursday to fund the acquisition of several properties.
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PropertyEU Archive
Vasakronan sells EUR 565m housing portfolio
Sweden's largest property company Vasakronan said it has divested its Dombron residential property unit to one of its four shareholders, the Fourth Swedish National Pension Fund. The transaction volume amounts to SEK 5.4 bn (EUR 565 mln), making it one of the largest residential portfolio deals ever in Sweden.
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PropertyEU Archive
C&W advises on largest Moscow office leasing in two years
Russian oil company TNK-BP has signed a lease of 37,700 m[sup]2[/sup] of office space at DS Development's Nordstar Tower business centre in Moscow. Property advisor Cushman & Wakefield described the transaction which it advised on as the largest office letting in the Russian market for two years.
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PropertyEU Archive
Morgan Stanley appointed to sell ING REIM - report
ING Bank has reportedly appointed Morgan Stanley to market its EUR 64 bn ING Real Estate Investment Management business. The sales process will start in the next few weeks, according to reports in UK real estate publication Estates Gazette and Private Equity Real Estate (PERE).
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PropertyEU Archive
Catella Property closes Brussels office
Catella Property Group is closing its loss-making office in Brussels as part of a move to reduce its transaction advisory business in Belgium 'for the time being'.
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PropertyEU Archive
Immofinanz buys Polus Center Constanta from Trigranit
The recently merged Austrian group Immofinanz has confirmed the purchase of 85% of the Polus Center Constanta mall project in Romania from Budapest-based developerTrigranit. Although financial details were not disclosed, the property is said to have been sold for a nominal sum of EUR 1 and the assumption of EUR ...
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PropertyEU Archive
L&S to convert to REIT status by September
AIM-listed London & Stamford (L&S) is heading closer to its aim of converting to REIT status after posting a nearly 20% rise in its Net Asset Value per share in the year ended 31 March.
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PropertyEU Archive
European listed real estate suffers further declines in May: GPR
Listed European real estate returned - 6% in May, following a - 2.3%return for the month before, according to GPR 250 Europe index. Switzerland (1.4%) and Sweden (0.3%) were the only European country components in the indices with a positive result.
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PropertyEU Archive
Gregory Van der Elst joins Deloitte RE
Gregory Van der Elst has joined the Transaction Advisory and Corporate Finance service line of Deloitte Real Estate. Van der Elst gained an extensive experience in management, finance and real estate first with Cap Gemini, then as property investment surveyor and recently as manager infrastructure and real estate at KPMG.
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PropertyEU Archive
SLI's Long Lease carries out EUR 185m worth of deals
European property fund manager Standard Life Investments (SLI) has completed a series of acquisitions totalling 拢155 mln (EUR 185 mln) in the UK on behalf of its Long Lease property fund.
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PropertyEU Archive
Tamar fund sells two Finnish assets for EUR 21m
Tamar European Industrial Fund, formerly known as Kenmore European Industrial Fund, has exchanged contracts to sell two warehouse and light industrial assets in Finland. The investment volume of EUR 20.7 mln reflects a net initial yield of 7.5% and is about 8% above the March 2010 valuation.
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PropertyEU Archive
Skanska embarks on EUR 31m green project in Uppsala
Skanska has started onsite construction of a 12,500-m[sup]2[/sup] office and retail project in the Swedish city of Uppsala. The Uppsala Entr茅 project is being developed and constructed by Skanska Sweden for an estimated investment of SEK 300 mln (EUR 31 mln).
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PropertyEU Archive
Invesco concludes acquition of three hotels for EUR 90m
Invesco Real Estate (IRE), the global cross-border property investment manager, announced that it has concluded the acquisition of three hotels in Paris and Rome, for an investment of EUR 90 mln. This brings to 13 the number of hotels owned by the firm's dedicated pan-European hotel fund and represents ...
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PropertyEU Archive
C&W advises Sonae on Portuguese sale-and-leaseback
Cushman & Wakefield has announced that it advised Sonae Retail Properties on the sale-and-leaseback transaction of a logistics platform in Portugal. UK fund manager Aprirose Real Estate Investment acquired the 50,000-m[sup]2[/sup] of logistics space for an undisclosed price.
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PropertyEU Archive
German fund inflows fall in April: BVI
Germany's open-ended property investment funds raised a total of EUR 100 mln in new equity in April, down from the EUR 500 mln inflows seen in March and the EUR 1 bn booked in February, according to the latest figures from fund industry body BVI.
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PropertyEU Archive
Multi splits Turkish arm as group refocuses on development
Multi Corporation, the largest independent developer in Europe, has formally announced that it has split its Turkish business, Multi Turkmall, into separate development and fund units.
