All PropertyEU Archive articles 鈥� Page 1958
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PropertyEU Archive
IVG hives off German property management
German listed property company IVG Immobilien announced on Tuesday that it is transferring its German property management activities to two specialist partner companies in order to focus on its core investment and fund activities. Outside Germany, management of IVG assets is largely handled by third-party service providers.
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PropertyEU Archive
Recovery in property markets nears take-off: ING REIM
Parts of Continental Europe are close behind the UK and some Asian countries that are poised to lead the way to recovery in commercial real estate, according to ING Real Estate Investment Management鈥檚 annual global research study.
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PropertyEU Archive
Threadneedle buys 13 UK properties for EUR 36m
Threadneedle UK Property Trust has purchased 13 properties in the UK from AIM-listed Conygar Investment Company for 拢32.8 mln (about EUR 36 mln).
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PropertyEU Archive
Panattoni leases 7,200 m[sup]2[/sup] of space in Polish park
Industrial group Panattoni Europe said it has leased a further 7,200 m[sup]2[/sup] of space in Blonie park near Warsaw to pharmaceutical company Poltraf. Panattoni Park Blonie II provides over 24,000 m[sup]2[/sup] of space and is leased to a number of tenants including Logus, Indykpol, OSG and MPM Product.
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PropertyEU Archive
Sun Investments buys Russian mall for $30m
Sun Investments Partners has reportedly acquired a 20,000 m[sup]2[/sup] shopping centre project and the adjacent plot of land offering 12,000 m[sup]2[/sup] in central Novosibirsk, Russia from developer Rid Group. The transaction price amounts to some $30 mln (EUR 20 mln), Russian newspaper Kommersant has reported.
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PropertyEU Archive
The Crown Estate buys 50% of Land Sec's Princesshay mall
The Crown Estate has exchanged contracts to acquire a 50% stake in Princesshay Shopping Centre in Exeter, UK from Land Securities for close to 拢100 mln (EUR 111 mln).
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PropertyEU Archive
Credit Agricole acquires Carlyle's Evergreen complex in Paris
French banking group Credit Agricole has purchased the Evergreen office development in Montrouge (Hauts-de-Seine), Paris. The vendor was The Carlyle Group's first European real estate fund, Carlyle Real Estate Partners I (CEREP I). The financial details were not disclosed.
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PropertyEU Archive
Vastned Retail finalises acquisition of Lelystad scheme
Pan-European retail property firm Vastned Retail has finalised the acquisition of the city centre development 'De Promesse' in the Dutch city of Lelystad for EUR 20 mln.
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PropertyEU Archive
Luurt van der Ploeg appointed to Multi's executive board
Multi Corporation has appointed Luurt van der Ploeg to the executive board. He will be responsible for all areas of financial management, budgeting, treasury, tax, shareholder relations and corporate governance affairs.
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PropertyEU Archive
Horizon awarded asset management of Dutch assets
Real estate investment firms AEW and Akron Group have awarded the asset management of the Rembrandt portfolios in the Netherlands to Horizon Investment Management.
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PropertyEU Archive
CBRE Investors' Le Mermoz wins Simi award
CBRE Investors' Mermoz office building located in Bourget, France was named the best development of the year in the category of new office buildings at the Simi property fair in Paris. Designed by architects Jo毛l Friant et Jacques & Eric Haour, Le Mermoz offers nearly 21,000 m[sup]2[/sup] of office space ...
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PropertyEU Archive
Delta RE begins construction of Serbian retail park
Belgrade-based property development company Delta Real Estate has started construction of Delta park, the first retail park in Serbia and the surrounding region. The company plans to invest a total of EUR 25 mln in the project, which will create up to 600 new jobs.
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PropertyEU Archive
Union Investment purchases shopping centre project in Belgium
Union Investment Real Estate has signed a purchase agreement for the shopping centre 'K' located in Kortrijk, Western Flanders, Belgium. Foruminvest, the vendor and developer of the centre, remains responsible for the scheme until the opening and will remain involved in the management of the centre afterwards.
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PropertyEU Archive
Colony invests in German NPL portfolio
Investment vehicles managed by private international investment firm Colony Capital have completed the acquisition of a portfolio of non-performing loans from BAG Bankaktiengesellschaft in Hamm, Germany.
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PropertyEU Archive
Unibail-Rodamco to leave Dutch REIT regime
Franco-Dutch real estate group Unibail-Rodamco is to leave the Dutch equivalent of the tax-efficient real estate investment trust (REIT) regime. The Dutch system is known as the Fiscale Beleggingsinstelling (FBI).
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PropertyEU Archive
Ikea to invest EUR 106m in Russian mall
Sweden furniture manufacturer Ikea has unveiled plans to invest $155 mln (EUR 106 mln) in the development of a new shopping and entertainment centre in the Voronezh region of Russia, newspaper Kommersant has reported. The 176,000 m[sup]2[/sup] shopping centre will be built on a 100-hectare land site in the region's ...
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PropertyEU Archive
Crossrail acquires 18/19 Hanover Square in compulsory purchase
London's Crossrail has acquired 18/19 Hanover Square in London from Great Portland Estates plc (GPE). The acquisition was carried out via a compulsory purchase order (CPO) under the Crossrail Act 2008 to enable the development of the Bond Street Crossrail station.
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PropertyEU Archive
SLI buys West End office buildings for EUR 45m
UK property fund manager Standard Life Investments has purchased two properties in the West End of London on behalf of its Pooled Property Pension Fund. The leasehold interest of the properties - 42, 44-48 Wigmore Street and 5 Welbeck Street - was acquired from Minerva (City) for 拢40.75 mln (EUR ...
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PropertyEU Archive
Mirax trims Federation Tower from 94 to 64 floors
Mirax Group Corporation has announced it is to reduce Tower East of the Federation business center in Moscow from 94 to 64 floors. The original plan for the Federation Tower envisaged it becoming the tallest tower in Europe.
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PropertyEU Archive
Skanska to build hotel in Trondheim for EUR 65m
Swedish construction giant Skanska has secured an assignment from Star Property to build a Clarion Hotel in Trondheim, Norway. The contract value is NOK 550 mln (almost EUR 65 mln). The new hotel will comprise 31,000 m[sup]2[/sup] of space, have 400 rooms and a large conference hall. Construction will ...
