All PropertyEU Archive articles 鈥� Page 1953
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PropertyEU Archive
LaSalle sells Wren Retail Park in Torquay for EUR 27m
LaSalle Investment Management has announced the sale of Wren Retail Park in Torquay for 拢24.4 mln (EUR 27.4 mln) to Aviva Investors Pensions Limited, on behalf of The Torquay Unit Trust. The transaction represents an initial yield of 5.5%.
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PropertyEU Archive
SEB purchases office building in Birmingham for EUR 35m
SEB Asset Management has acquired an office building in Birmingham for the open-ended real estate fund SEB Immoinvest. The total investment costs come to EUR 35.1 mln.
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PropertyEU Archive
RDG buys Italian shopping gallery for EUR 46m
Riqualificazione Grande Distribuzione (RGD), a 50/50 joint venture between Italian property companies Beni Stabili and IGD, has signed a preliminary agreement to acquire the Ducale shopping mall in Vigevano, near Pavia in Northern Italy. The transaction price amounts to EUR 46 mln, excluding costs.
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PropertyEU Archive
Henderson fund sells UK retail park to Aberdeen
Henderson Global Investors' Caspar fund has sold the Four Pools Retail Park in Evesham to Aberdeen Property Investors for 拢15.6 mln, reflecting a net initial yield of 6.79%. The bulky consented park, which extends to around 76,436 sq ft, includes Homebase, Halfords and Pets at Home within its line-up ...
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PropertyEU Archive
Capman acquires city-centre property in Helsinki
The Capman Hotels RE fund has signed an agreement to acquire the Vanhaj盲mer盲 real estate company with a property located in central Helsinki from Helsinki-listed property company Sponda.
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PropertyEU Archive
DHL agrees major warehouse lease in Belgium
CB Richard Ellis said it has secured the leasehold interest on behalf of DHL Supply Chain for a new purpose built warehouse facility in Bornem, near Brussels in what the property adviser says is a huge boost to the Belgian warehouse market.
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PropertyEU Archive
Banimmo completes two further divestments
Brussels-based real estate firm Banimmo has completed the sale of two assets for EUR 20 mln, achieving its annual sales objective. The sales relate to, on the one hand, the retail centre in Eeklo and, on the other hand, a small office building located in Brussels which, given its size, ...
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PropertyEU Archive
JLL brokers major transaction in the British Midlands
Jones Lang LaSalle has acted for Capital One Bank which sold Loxley House on Station Street in Nottingham to Nottingham City Council for 拢22.5 mln (EUR 25.1 mln).
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PropertyEU Archive
Land Securities buys site in Glasgow shopping district
Land Securities announces has completed the purchase of the property known as 'The Atlas Site' on Glasgow's Buchanan Street directly opposite its Buchanan Galleries shopping centre, jointly owned with Henderson Global Investors, for just under 拢10 mln (EUR 11.2 mln).
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PropertyEU Archive
Gherkin subtenant paying highest rent in City: Wallace
Financial investor Sutherland Group has signed a tenancy agreement as a subtenant at the Gherkin for what has ended up being the highest rent in the City of London this year, according to adviser Wallace.
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PropertyEU Archive
New mixed-use development launched in Wroclaw
Centrum Metropol, a new mixed-use project located in the heart of the Polish city of Wroclaw, was officially launched in mid-December. The development will consist of a mid-scale business hotel under the Hilton Garden Inn brand together with modern office, retail and convenient residential facilities. McCarthy-Harte is the investor and ...
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PropertyEU Archive
Happy New Year
The first PropertyDay of 2010 following the Christmas break will be published on 4 January. The PropertyEU team wishes you a Prosperous New Year.
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PropertyEU Archive
Invista Trust sells Portman House stake
Invista Foundation Property Trust Limited has exchanged unconditional contracts to sell its 21.6% share in the joint venture that owns Portman Square House, London W1 for 拢23.11 mln. The deal is part of the disposal of the entire long leasehold property interest. Completion of the transaction is expected on 31 ...
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PropertyEU Archive
Nico Veldhuis to leave Multi
Multi Corporation announced on Wednesday that Nico Veldhuis is stepping down as vice chairman of the pan-European retail developer's Turkish operations to become an independent project manager.
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PropertyEU Archive
ING RED sells seven court buildings to Dutch State for EUR 200m
ING Real Estate Development (ING RED) is selling seven court buildings in the Netherlands to the Dutch State for about EUR 200 mln. The properties were developed by ING RED at the request of the State in the 1990s and leased on a long-term basis to the Rijksgebouwendienst, the Dutch ...
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PropertyEU Archive
Mutuelle M茅dicis buys EUR 25m worth of projects
French pension fund Mutuelle M茅dicis has acquired four development projects in France from sellers JCA, Hill & Associ茅s and Cirmad for a total of EUR 25 mln. The High Environmental Quality (HQE) projects will provide 7,500 m[sup]2[/sup] of space on completion in 2010 and 2011. Adyal advised Mutuelle M茅dicis on ...
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PropertyEU Archive
New fund acquires Rotunda leisure scheme for 拢42m
Derwent London Plc have completed the sale of The Rotunda leisure scheme in Kingston Upon Thames to a new fund established by Curo Property Fundsfor 拢42 mln, reflecting a net initial yield of 7.46%.
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PropertyEU Archive
Hammerson picks up EUR 450m mall development in Marseille
Hammerson has acquired Les Terrasses du Port, Marseille, one of the largest shopping centre developments anticipated in France in the next few years. The vendor is Foruminvest, a private developer based in Holland. The initial capital commitment, including acquisition costs, is expected to be approximately EUR 50 mln in the ...
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PropertyEU Archive
Realia sells stake in Nervion Plaza mall for EUR 94m
Spanish property company Realia has sold its majority interest in the Nervion Plaza shopping centre in Seville, Spain to Henderson Global Investors for around EUR 94 mln.
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PropertyEU Archive
Evans Randall kicks off new European drive with acquisition in Moscow
Evans Randall, the privately held UK investment banking and private equity group, has acquired Silver City, a prime office complex in central Moscow, as part of a renewed programme of prime property acquisitions in Europe. Silver City is a 41,650 m[sup]2[/sup] complex of grade A offices completed in 2007, located ...
