All PropertyEU Archive articles 鈥� Page 1936
-
PropertyEU Archive
Prime rents in London's West End set to rise 40% by 2012
Cushman & Wakefield has forecast that prime West End rents will rise by 40% between now and 2012, marking a return to levels above 拢9 (EUR 10.2) per m[sup]2[/sup]. The adviser also foresees that lack of supply will lead to a return in pre-letting activity over the period.
-
PropertyEU Archive
British Land sees portfolio rise 8% in value in Q3
British Land saw the value of its total investment portfolio rise by 8.2% to 拢7.9 bn n the third quarter to end-December. Net asset value increased 18%, reflecting a return to IFRS pre-tax profit of 拢611 mln. In the same year-earlier period, the London-listed company booked a loss of 拢1.6 ...
-
PropertyEU Archive
Accor confirms sale of Portuguese hotel
French hotel group Accor has confirmed the sale of the Novotel Vermar hotel in Portugal to local hospitality company Axis. An Accor spokesperson said that the sale agreement was signed on January 29. The companies agreed not to disclose the transaction price.
-
PropertyEU Archive
Unibail-Rodamco eyes new acquisitions after Simon Ivanhoe deal
Unibail-Rodamco has indicated its appetite for acquisitions of 'jumbo' shopping malls has not been sated by the EUR 715 mln purchase of the Simon Ivanhoe portfolio.
-
PropertyEU Archive
Plaza Centers in US joint venture
Plaza Centers has announced that, Elbit Plaza USA, a new real estate investment joint venture with its parent company, Elbit Imaging, has entered into a framework and co-investment agreement with Eastgate Property to take advantage of real estate opportunities in the US. The new fund will primarily focus on the ...
-
PropertyEU Archive
ICSC鈥檚 Retail Connections a hit with international retailers
The International Council of Shopping Centers (ICSC)鈥檚 third Retail Connections in London last week, was 鈥榖est yet鈥�, according to international retailers. Retailers attending this year included Mango, Primark, The Deichmann Group, Foot Locker, FNAC, Levi Strauss, The Body Shop, Lindex, Camaieu and, for the first time, Abercrombie and Fitch. ...
-
PropertyEU Archive
Fabege sells property in Stockholm
Swedish property company Fabege has sold its Harpan 51 property on Gumhornsgatan/Linn茅gatan in Stockholm to Fastighets AB Kannan for SEK 142 mln (UER 14 mln). The 4,660 m[sup]2[/sup] property, which mainly comprises theatre premises and residential space, is being sold as a company, Fabege said in a press release.
-
PropertyEU Archive
LaSalle Investment Management sells Reading retail units
LaSalle Investment Management has announced the sale of 89 & 89a Broad Street, Reading to the Local Authority Mutual Investment Trust (LAMIT) for 拢7.5 mln (EUR 8.5 mln) or a net initial yield of 5.54%. The sale was made on behalf of the HSBC Bank Pension Trust (UK).
-
PropertyEU Archive
LaSalle secures 12-year lease for Le Viala property in Paris
LaSalle Investment Management has signed a 12-year firm lease with DCNS, a European provider of naval defence systems, for the 12,349-m[sup]2[/sup] Le Viala property located in Paris鈥� 15th arrondissement, 42 rue du Docteur Finlay. LaSalle was acting on behalf of LaSalle French Fund II.
-
PropertyEU Archive
Logiffine secures 17,700-m[sup]2[/sup] lease with Geodis
Logiffine has announced the leasing 17,700 m[sup]2[/sup] of a Logiffine logistics park development in Hem (Nord Pas de Calais), to Geodis Logistics. The lease covers a nine-year period. This transaction completes the leasing program of the Logiffine site in Hem.
-
PropertyEU Archive
Unibail-Rodamco sees 2010 as 'transition year' to renewed growth
Unibail-Rodamco reported on Monday that hefty declines in asset values pushed its losses for 2009 to EUR 1.46 bn from EUR 1.1 bn the year before. But the largest listed real estate group in Europe said 2010 would be a 'transition year' on the way to renewed growth.
-
PropertyEU Archive
AEW to invest EUR 3.5 bn in 2010
AEW Europe plans to broker up to EUR 3.5 bn worth of transactions this year in a further sign of recovery for the European property market. The figure compares to around EUR 2 bn worth of deals completed in the course of 2009. In a statement last week, the French ...
-
PropertyEU Archive
Prologis European Properties completes EUR 300m financing deal
Goldman Sachs and Deutsche Pfandbriefbank have announced the completion of a new EUR 300 mln financing facility with Prologis European Properties (PEPR). The transaction was arranged by Goldman Sachs as sole arranger, with Deutsche Pfandbriefbank acting as facility agent.
-
PropertyEU Archive
City of Florence puts EUR 500m portfolio on the market
The Municipality of Florence is seeking to sell EUR 500 mln worth of real estate in an attempt to free funds for investment in infrastructure. The disposal has already been approved by the city council, and is awaiting the final go-ahead by a council of municipality advisors.
-
PropertyEU Archive
AREA teams up with PMB to acquire Gartmore House in London
AREA Property Partners and Peter Beckwith's PMB Holdings have completed the acquisition of Gartmore House in the City of London from Hines European Value Added Fund (HEVAF). The financial details were not disclosed.
-
PropertyEU Archive
JLL and Salans advise seller in major Russian hotel deal
Jones Lang LaSalle Hotels and International law firm Salans said they advised Nairay Holdings in the first Russian hotel transaction of the year in the sale of the Sheremetyevo-2 Hotel to Wenaas Hotel Russia, part of Wenaasgruppen, one of the largest hotel real estate companies in Scandinavia. The newly acquired ...
-
PropertyEU Archive
Shell selects CBRE as European retail property advisor
CB Richard Ellis said it has been selected by Shell to provide transaction and portfolio management services across its European retail portfolio in one of the largest recent appointments in the European retail property sector.
-
PropertyEU Archive
Daniel Labbad appointed chairman of UK Green Building Council
Daniel Labbad, CEO Europe at Lend Lease is succeeding Peter Rogers as chairman of the UK Green Building Council. He takes up the position at a crucial time for the UK-Green Building Council as all political parties look towards the construction and property sector to deliver on sustainability targets. The ...
-
PropertyEU Archive
Schoutens named as chief development officer at Atrium
Atrium European Real Estate (Atrium) has announced the appointment of Thomas Schoutens as chief development officer. Schoutens comes to Atrium from Carrefour Group, the world鈥檚 second-largest retailer and the largest in Europe, which he joined in 2003.
-
PropertyEU Archive
ING Real Estate buys Dutch properties from Goodman
ING Real Estate European Industrial Fund (ING REEIF), managed by ING Real Estate Investment Management (ING REIM), has acquired two 'Grade A' logistics platforms in Tilburg and Roosendaal, the Netherlands for approximately EUR 42 mln from Goodman Group, on behalf of Goodman European Logistics Fund (GELF).
