All PropertyEU Archive articles 鈥� Page 1930
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PropertyEU Archive
Segro eyes opportunities in Continental Europe
Segro has said it will likely deploy more of its capital in Continental Europe than in its UK base over the next two years.
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PropertyEU Archive
Multi sells Dutch office projects to focus on multifunctional malls
The Dutch arm of Multi Corporation has sold its portfolio of office projects to an investment company owned by Multi鈥檚 chairman Hans van Veggel.
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PropertyEU Archive
Pradera unveils international expansion
Pradera has announced an expansion into new international markets, including the UK, as part of a comprehensive reorganisation and rebranding of the global retail property investment specialist.
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PropertyEU Archive
Westimmo arranges EUR 120m financing for two Polish malls
German property lender Westimmo has provided MGPA's Europe Fund III with a EUR 119.8 mln financing facility for two modern shopping centres in Poland.
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PropertyEU Archive
Real Invest Austria buys nine assets for EUR 140m
Bank Austria Real Invest, the property fund specialist for Bank Austria, has acquired nine assets in recent weeks for a total investment of EUR 140 mln. Its open-ended fund, Real Invest Austria, purchased seven residential buildings, a retirement home and a research laboratory. All the assets are located in Vienna.
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PropertyEU Archive
Tag to take 15% stake in Estavis
Hamburg-based real estate group Tag Immobilien is acquiring a 15% stake for EUR 2.15 per share in listed German residential property specialist Estavis. The investment is being carried out through the issue of 1.4 million new shares.
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PropertyEU Archive
Barcelona office letting market to grow further in 2010
Barcelona's office market will see further growth in lettings activity in 2010 after seeing take-up in the last three months of 2009 double compared with the previous quarter. According to international real estate advisor Savills, large occupiers such as AXA and Cofely have paved the way for further activity, ...
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PropertyEU Archive
NPRO sells Oslo office building for EUR 22m
Listed firm Norwegian Property (NPRO) announced on Wednesday that it has entered into an agreement to sell an office building in the Oslo region for NOK 175 mln (EUR 22 mln). NPRO said the price is equal to the current valuation after re-measurement and 'reclassification of the property area in ...
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PropertyEU Archive
LGP acquires retail assets in Liverpool for EUR 23m
Legal & General Property (LGP) has purchased 46 Hanover Street and 51-57 Church Street in Liverpool from Grosvenor Developments for a total sum of about 拢20 mln (EUR 23 mln).
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PropertyEU Archive
Rockspring picks up Aberdeen mall at 7.9% yield
Capital & Regional, the UK co-investing property asset manager, announced on Wednesday that the Mall Fund has completed the sale of Aberdeen Shopping Centre to a client of Rockspring Property Investment Managers. The investment volume of 拢47.4 mln (almost EUR 54 mln) reflects an initial yield of 7.9%.
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PropertyEU Archive
ING REIM appoints new head of Asset Management in Hungary
IING Real Estate Investment Management (ING REIM) CEE has announced the appointment of Gijs Klomp as the new head of Asset Management Hungary & Romania.
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PropertyEU Archive
Cities combine brown and green at MIPIM
Remodelling brownfield sites and integrating sustainability into urban development strategies will be two of the key issues discussed by city administrators and real estate executives during MIPIM 2010, according to the organisers of the international property fair.
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PropertyEU Archive
Drivers Jonas sees 'grey' office market emerging in Frankfurt
The vacancy rate in the Frankfurt market rose to 17.4% by the end of 2009 and is likely to increase further as a result of the consolidation currently being witnessed in the finance and bank sector in the wake of the global financial crisis. That is one of the key ...
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PropertyEU Archive
Lease renewals rise in Dutch office market: Savills
Lease renewals accounted for 32% of the Dutch office leasing markets in Amsterdam, Rotterdam, Utrecht and The Hague in 2009, compared to 14% in 2008., according to Savills, The international real estate adviser says existing tenants are postponing relocation in an effort to focus on cost saving, while new tenants ...
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PropertyEU Archive
Icade completes La Lucette takeover, posts 70% rise in profits
French SIIC Icade said it has completed the purchase of the 94.5% stake in Compagnie La Lucette from Morgan Stanley's MSREF vehicle. The operation, which was first announced in December, envisaged the exchange of two Icade shares and EUR 32.5 in cash for 21 Lucette shares. As a result of ...
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PropertyEU Archive
Star Inn acquires Hotel Columbus in Bremen
European hotel operator Star Inn Hotels Group has acquired the leasehold interest of the Hotel Columbus in Bremen for an undisclosed amount. Christie + Co acted for the private investor who sold the property.
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PropertyEU Archive
Regus acquires BFI business centres from Affine
French property company Affine has announced the sale of its business centre unit, Business Facility International (BFI) to Regus. A Regus spokesperson said on Monday that the companies have agreed not to disclose the transaction price.
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PropertyEU Archive
Alstria Office enters JV to refurbish Hamburg's Kaisergalerie
Alstria Office REIT has agreed the terms of a joint venture with Hamburg-based developer and fund manager Quantum Immobilien to refurbish the Kaisergalerie in Hamburg. The asset is located in one of Hamburg's prime areas called Gro脽e Bleichen. Within the framework of the joint venture, Alstria sold a 51% stake ...
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PropertyEU Archive
Eurohypo appoints insider to head corporate banking Continental Europe
St茅phane Adolf is to head up the commercial real estate banking division for Continental Europe at German property financier Eurohypo. He succeeds Hartwig Glatzki who will take early retirement after 28 years at the bank.
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PropertyEU Archive
Vinci sells Lyon building to Banque de France
The real estate unit of French construction group Vinci has sold the Bayard office project in Lyon to the Banque de France. The financial details were not disclosed.
