All PropertyEU Archive articles 鈥� Page 1918
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PropertyEU Archive
Ballymore opens Eurovea Galleria in Bratislava
Irish developer and investor Ballymore Group announced that its multi-purpose Eurovea complex is opening to the public. Following the opening of the 5-star Sheraton Hotel Bratislava on Wednesday, the retail, leisure & entertainment part of the development opens on Friday.
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PropertyEU Archive
UK hotels may be checked into capex time bomb: Christie +Co
The lack, and misallocation, of capital expenditure could see a significant number of hotels miss the initial phase of a recovery that is moving ever closer, and also impact on their long-term viability, according to Christie + Co.
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PropertyEU Archive
London office market shows strong leasing levels: CBRE
New research from CB Richard Ellis shows there was no sign of a let up in tenant demand in Central London during February as take-up remained above the one million sq ft mark for the third month in succession.
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PropertyEU Archive
Investors target core Central European markets: CBRE
The Central & Eastern European (CEE) commercial real estate investment market recorded a provisional EUR 275 mln turnover in the first two months of 2010, according to the most recent research by CB Richard Ellis.
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PropertyEU Archive
Ikea's Port Lodz opens in Poland
Ikea Center Poland opened the EUR 200 mln Port Lodz shopping centre on Wednesday. The realisation of the project has taken about 16 months.
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PropertyEU Archive
Metric lists as UK REIT
Metric Property Investments has become the first new firm to IPO and list on London Stock Exchange as a real estate investment trust (REIT). The shares of the UK-incorporated specialist retail property investment company were admitted to trading on the exchange on Wednesday morning.
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PropertyEU Archive
Prologis leases nearly 70,000 m[sup]2[/sup] in Central Europe
Prologis European Properties has signed five new lease agreements in Central Europe, covering a total of 68,800 m[sup]2[/sup]. Three lease agreements were signed in Poland, the first with Viva Manufacturing Poland, a subsidiary of the Viva Group, for 24,400 m[sup]2[/sup] at Prologis Park Teresin. The new five-year lease renewal will ...
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PropertyEU Archive
Carpathian disposes of 2 finance-bleeding developments
AIM-listed CEE real estate investment firm Carpathian has entered into agreements to dispose of subsidiaries that own two debt-laden shopping centre development projects in the western Romanian cities of Arad and Cluj.
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PropertyEU Archive
Mercialys teams up with Carlyle to bid for Cap 3000 mall
French retail specialist Mercialys is joining forces with US private equity group Carlyle to launch a bid for the Cap 3000 shopping centre in Nice. Mercialys' chief operating officer Gery Robert-Ambroix told PropertyEU in an interview that the mall offers several opportunities to add value through redevelopment and extension works.
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PropertyEU Archive
Fabege in EUR 32m deal with new residential partnership
Fabege is transferring two properties to a new residential partnership with fellow Swedish real state company, Oscar Properties Invest, for a total consideration of SEK 315 mln (about EUR 32 mln).
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PropertyEU Archive
Real I.S. buys EUR 42m Paris office from Unibail-Rodamco
German investor Real I.S. said on Monday that it has acquired an office building in Paris for around EUR 42 mln. The seller is Franco-Dutch property group Unibail-Rodamco, according to a Real I.S. spokesperson. The acquisition was carried out on behalf of the company's Bayerische Grundvermogen III Sicav real estate ...
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PropertyEU Archive
FBU board approves EUR 42m unit buyback
The board of Oslo-listed real estate firm Fornebu Utvikling (FBU) has approved an offer to purchase the units held by all unit holders. The NOK 340 mln (EUR 42 mln) financing for the transaction is in place, the company, formerly known as Scandinavian Property Development, announced on Tuesday.
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PropertyEU Archive
JLL appoints capital markets head for Hungary and Croatia
Jones Lang LaSalle (JLL) has appointed Benjamin Perez-Ellischewitz as head of Capital Markets for Hungary and Croatia.
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PropertyEU Archive
Cushman & Wakefield to lead hunt for Battersea funding
Cushman & Wakefield is to lead the search for funding among investors in Europe, the US and Asia Pacific for the major redevelopment scheme at Battersea Power Station in London. Real Estate Opportunities, the firm behind the scheme, has awarded the property adviser the exclusive global mandate to secure the ...
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PropertyEU Archive
DTZ looks to Citi for global head of institutional capital
Real estate adviser DTZ has appointed David Schaefer head of DTZ Investment Management, Asia-Pacific and global head of Institutional Capital for DTZ Investment Management. He joins DTZ with immediate effect and will be based in Hong Kong.
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PropertyEU Archive
UK industrial supply tightest on record: King Sturge
Industrial occupier markets remain challenging and supply continues to rise as the UK economy emerges from one of the most difficult periods in decades, according to the latest edition of King Sturge's UK Industrial Floorspace survey.
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PropertyEU Archive
Natixis buys two German malls for over EUR 100m
Natixis Capital Partners has purchased two shopping centres in Flensburg and Saarbr眉cken from German retail giant Metro. The transaction was concluded on a sale-and-leaseback basis with Natixis' Captiva Capital Partners III ELP fund. The transaction price is said to be in the low three-digit million range. Helaba will provide financing ...
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PropertyEU Archive
Corio acquires Sardinian mall for EUR 103m in second deal in Italy
European retail property specialist Corio has acquired Le Vele shopping gallery and Millennium Entertainment centre in Cagliari on Sardinia for EUR 103.3 mln. The investment volume reflects a net yield of 7%.
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PropertyEU Archive
Beni Stabili to convert to REIT status by end-2010
French property group Fonci猫re des R茅gions plans to reduce its 68% stake in Beni Stabili to just 52% this year, allowing its Italian property arm to convert to the tax-efficient SIIQ status by the end of 2010, Christophe Kullmann, Chief Executive of Fonciere des Regions, told PropertyEU in an interview.
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PropertyEU Archive
Morgan Stanley raises EUR 275m for 'Phoenix' fund-of-funds
Morgan Stanley announced on Monday that its Alternative Investment Partners (AIP) division raised $370 mln (EUR 275 mln) in commitments for a fund dedicated to acquiring secondary interests in opportunistic and value-added private equity real estate funds.
