All PropertyEU Archive articles 鈥� Page 1939
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PropertyEU Archive
Signs of cautious optimism in European occupier markets: JLL
Europe's economies continue to show encouraging signs of economic recovery, according to Jones Lang LaSalle's Q4 2009 European Property Clock. However, the time lag between the wider economy and European office occupier markets remains evident. There are also significant differences between markets in terms of their position in the rental ...
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PropertyEU Archive
Helaba finances CBREI office development near Paris
German lender Helaba has announced it is financing the development of two buildings in Noisy-le-Grand, near Paris with a loan of EUR 85.6 mln. The project is owned by CB Richard Ellis Strategic Partners Europe Fund III (SPE III), a pan-European fund managed by CBRE Investors.
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PropertyEU Archive
Munich and Hamburg dominate ULI city rankings
Munich and Hamburg occupy leading positions in ULI's 2010 rankings of European cities offering the best investment and development prospects. The two German cities again top the league for existing property performance and are ranked second and third in the list for new property acquisitions. They also rank second and ...
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PropertyEU Archive
ULI keynote: 'grim' outlook for European property industry
The outlook for the European real estate industry next year is, in a word, 'grim', says Ian Shepherdson, chief economist at research bureau High Frequency Economics and the opening keynote speaker at the ULI Paris conference on 3 February.
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PropertyEU Archive
PEPR leases 50,000 m[sup]2[/sup] to Grupo Carreras in Spain
Prologis European Properties (PEPR) has signed a new 12-year lease agreement with Spanish logistics company Grupo Carreras for a total of 48,400 m[sup]2[/sup] at the Prologis Park Pened茅s in Catalonia, Spain.
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PropertyEU Archive
Orient-Express buys 2 hotels in Sicily for EUR 81m
Global luxury brand Orient-Express Hotels has signed a binding agreement to purchase the Grand Hotel Timeo and the Villa Sant'Andrea Hotel in Taormina, Sicily, from Italy's Franza Group, the owner of the Framon hotel chain.
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PropertyEU Archive
Emerging Trends report: long haul ahead for European real estate
Europe's real estate industry is cautiously optimistic about prospects in 2010, but the road ahead will be long and arduous with no guarantee of a lasting recovery. That is the tenor of the Emerging Trends in Europe 2010 report, which will be presented at the annual ULI Europe trends conference ...
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PropertyEU Archive
Ulf Nilsson appointed head of Savills Sweden
International real estate adviser Savills has announced the promotion of Ulf Nilsson to CEO of its Swedish business. Ulf Nilsson, who has 25 years experience of property and financing transaction and advice, is also head of corporate finance in Sweden. He will be supported by head of valuation Lars ...
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PropertyEU Archive
Larry Smith enters the Baltic States
Property services firm Larry Smith Italia said that it has entered into a partnership agreement with Agents And Advisors (AAA) to provide retail real estate services in the Baltic states.
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PropertyEU Archive
Bouygues buys Urbiparc business park developer
French property developer Bouygues Immobilier said that it has completed the acquisition of Urbiparc, a Grenoble-based commercial real estate development company. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Deka Immobilien buys from Corio in France
Deka Immobilien has acquired a retail property Rue Sainte-Catherine, Bordeaux for EUR 68 mln. The building is fully let on the basis of long-term lease agreements.
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PropertyEU Archive
Metrovacesa closes sale of Metropark to Fortis
Spanish property company Metrovacesa said that it has completed the disposal of its Metropark park car unit to Interparking Hispania, a 90%-owned subsidiary of Fortis Real Estate. The company agreed on the sale of the subsidiary in December for a price of nearly EUR 100 mln.
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PropertyEU Archive
UK property upturn unsustainable: Ernst & Young ITEM Club
UK commercial property prices rose 3% in December, their highest monthly rise in 23 years, but the chances of a sustained recovery in 2010 and beyond are unlikely, according to the Ernst & Young ITEM Club.
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PropertyEU Archive
Odelstam named president of Skanska Commercial Development Nordic
Jan Odelstam has been appointed new president of Skanska Commercial Development Nordic (CDN), the Skanska business unit that develops office premises, volume retail properties and logistics properties in Sweden, Denmark and Finland.
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PropertyEU Archive
Norway's Verdispar starts construction of Croatian mall
Norwegian property investment manager Verdispar has begun the construction of Lumini shopping centre in Northern Croatia. The project, which represents an investment of EUR 45 mln, will be the first new generation shopping mall in the Varazdin region of Croatia. It will include 80 shops across 33,000 m[sup]2[/sup] of retail ...
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PropertyEU Archive
Junker to step down as COO of Sj忙ls酶 Gruppen
Sj忙ls酶 Gruppen has announced that J酶rgen Junker will step down from the position of chief operating officer at the Copenhagen-listed real estate firm on 1 October.
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PropertyEU Archive
JLL opens new office at La Defense in Paris
Jones Lang LaSalle has announced the opening of a new office in the Parisian business district of La Defense. The 20-staff office under the leadership of Eric Siesse became operational in the Berkeley building at the beginning of the year.
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PropertyEU Archive
Luecking named MD at Develica's fund manager
Develica Deutschland (DDL), the AIM-listed German property investor, announced that its fund manager, Develica Deutschland Management Limited (DDM), has appointed Lars Luecking as managing director with effect from 1 February 2010. Luecking joins DDM from Citi Global Markets and Hypo Real Estate (formerly HypoVereinsbank) where he spent 10 years collectively ...
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PropertyEU Archive
Pirelli RE, Fimit suspend merger study
Pirelli & Co. Group, Pirelli & Co Real Estate and Fondi Immobiliare Italiani (Fimit) said in a joint statement on Friday that they have suspended a merger study to create Italy's leading asset manager.
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PropertyEU Archive
Sansedoni unveils separation plan
Italian group Sansedoni has unveiled plans to separate its business into two real estate units to resolve a dispute among its shareholders. The company said last week that its key shareholders have signed an agreement in principle which envisages the split-up of Sansedoni's activities by the end of June 2010.
