All PropertyEU Archive articles 鈥� Page 1914
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PropertyEU Archive
EBRD mulls EUR 51m financing for Galeria Burgas development
The European Bank for Reconstruction and Development said that it is considering providing a EUR 51 mln loan to CEE property developer Globe Trade Centre for the development of the Galeria Burgas shopping centre in Bulgaria.
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PropertyEU Archive
Lloyd Fonds acquires Dutch office project
Dutch developer OVG Projectontwikkeling is selling its office development for financial advisory group KPMG in The Hague to the German Lloyd Fonds. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Corio appoints new CFO and COO
Listed retail specialist Corio plans to appoint Ben van der Klift as Chief Financial Officer (CFO) and Francine Zijlstra as Chief Operational Officer (COO) with effect from 1 May 2010. The proposal will be put to the general meeting of shareholders (AGM) on 23 April 2010. The current CFO Jan ...
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PropertyEU Archive
Second strongest take-up in City ever: CBRE
Take-up of office space in the City of London in the first quarter was the highest on record since 2000, according to research from CB Richard Ellis (CBRE).
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PropertyEU Archive
ILG buys Munich retail property for EUR 65m
German investor ILG Fonds said that it has acquired the Landshut Park retail property in the German region of Bayern from Dutch real estate developer Ten Brinke Projectontwikkeling. The transaction amounts to a total of EUR 65 mln, of which EUR 42 mln of equity.
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PropertyEU Archive
KGAL buys EUR 78m office project for new Austrian fund
German fund manager KGAL said that it has acquired the LX2 office project in Vienna on behalf of its newly-established Property Class Austria 7 fund. The property, which will offer 15,500 m[sup]2[/sup] of total surface, is located in the centre of the city, directly across the project from the new ...
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PropertyEU Archive
Secondary property to suffer from bond yield rises: CBRE
Measures taken to restore public finances are most likely to affect secondary property rather than prime, according to a new report published by CB Richard Ellis.
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PropertyEU Archive
DIC capital increase four times oversubscribed
Listed German real estate firm DIC Asset has announced that its recent rights offer was more than four times oversubscribed. DIC's issued share capital increased from EUR 31 mln to just under EUR 40 mln. The issue proceeds for the company totalled EUR 47 mln.
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PropertyEU Archive
Sweden's Catena pulls out of Norway to focus on home market
Swedish property company Catena said it is retreating from the Norwegian property market with the sale of a portfolio consisting of four commercial properties in the Oslo region. The move is part of the company's strategy to increase its exposure to the Swedish property market.
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PropertyEU Archive
Savills represented Corio in Le Vele deal
Real estate advisor Savills has confirmed it represented retail specialist Corio in the acquisition of Le Vele & Millennium, Cagliari, Sardinia from Schroder European Property Investments for EUR 103 mln.
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PropertyEU Archive
European volumes up 10% over last four quarters: DTZ
The volume of commercial real estate investment across Europe in the first quarter of 2010 fell 29% quarter-on-quarter to EUR 16.3 bn, according to global property adviser DTZ.
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PropertyEU Archive
Tashir buys Europark mall in Moscow for EUR 44m
Russian holding company Tashir has completed the acquisition of the Europark shopping centre on Rublevskoe Highway in Moscow for around $60 mln (EUR 44.5 mln).
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PropertyEU Archive
Orco books further losses after writedowns
Orco Property Group reported a net loss of EUR 250.6 mln in 2009 on revenues down 16% at EUR 251 mln. The decline reflected a 12% writedown of the real estate portfolio by EUR 232 mln to EUR 1.81 bn. Over the past two years, Orco has seen ...
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PropertyEU Archive
ING RED in talks to sell Spanish shopping centre management arm
ING Real Estate Development is in talks with a number of potential investors to sell its Spanish shopping centre management unit, called Auxideico Gesti贸n, according to well-informed sources.
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PropertyEU Archive
Cerberus, Whitehall get green light to IPO Berlin resi firm
US private equity firm Cerberus Capital Management and Goldman Sachs' Whitehall vehicle have been given the green light by the Berlin Senate to IPO the GSW residential company.
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PropertyEU Archive
Retail sector dominates corporate sale: CBRE
The corporate real estate sales market in Europe has undergone a significant shift since the early years when it was dominated by city centre office disposals.
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PropertyEU Archive
JLL named as one of World's most ethical companies
Jones Lang LaSalle has been named by the Ethisphere Institute as one of the World鈥檚 Most Ethical Companies for 2010. The only real estate firm to be recognized, Jones Lang LaSalle secured a place on the list by implementing business practices judged to be instrumental to the firm鈥檚 success, ...
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PropertyEU Archive
JLL advised Corio on EUR 1.3b Multi shopping centre deal
Jones Lang LaSalle has confirmed it advised Corio on the purchase of a EUR 1.3 bn shopping centre portfolio developed by Multi Corporation.
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PropertyEU Archive
Nama acquires 60% of REO's EUR 1.5b debt pile
Jersey-registered Real Estate Opportunities has announced that the Irish bad bank scheme Nama is acquiring 60% of its outstanding debt from Irish lenders.
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PropertyEU Archive
British Land lets 10 Triton Street to Aegis
British Land has signed a total of 465,000 sq ft of new lettings at its recently completed London office developments since the announcement of its third quarter results in February, with an additional 154,000 sq ft under offer. Together the new lettings increase the Group's overall office occupancy rate from ...
