All PropertyEU Archive articles 鈥� Page 1959
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PropertyEU Archive
Tashir invests $75m in Rio mall in Russia
Development company Tashir said it has opened a new shopping and entertainment centre in Belgorod, on the Russian border with Ukraine. The new 45,000 m[sup]2[/sup] complex, named The Rio mall, offers nearly 30,000 m[sup]2[/sup] of net leasable area and is anchored by a Nash food hypermarket. The company has invested ...
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PropertyEU Archive
Altarea-Cogedim teams up with Orion to build Paris mall
French property developer Altarea-Cogedim is joining forces with private equity group Orion Capital Managers to develop a new shopping centre in Villeneuve-La-Garenne, north of Paris. The project is a 50/50 joint venture between Altarea-Cogedim and a fund managed by Orion.
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PropertyEU Archive
Property looking cheap relative to other asset classes: API
Property markets in Europe have reached a turning point as the performance outlook continues to recover, largely driven by improving capital market conditions, and with the UK setting the trend for the rest of Europe, according to Aberdeen Property Investors (API).
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PropertyEU Archive
Unibail-Rodamco buys Le Sextant in Paris from CNP Assurances
Franco-Dutch listed property group Unibail-Rodamco has acquired Le Sextant office building in the 15th arrondissement of Paris from insurer CNP Assurances for an undisclosed amount. AEW Europe brokered the transaction on behalf of the seller.
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PropertyEU Archive
Hannover Leasing buys office building from MAB
German property fund manager Hannover Leasing said it has acquired an office building in Amstelveen near Amsterdam in the Netherlands for one of its closed-end property funds. The transaction price amounts to around EUR 19 mln. The property was bought from Dutch property development company MAB Development.
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PropertyEU Archive
German property professionals cautious on recovery: King Sturge
The King Sturge Real Estate Economy Index shows another increase of almost every climatic indicator for November. As with the October survey, the real estate experts polled are reticent in their assessment of the market situation because of the constant threat of more bad news.
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PropertyEU Archive
Frey's Parla Natura retail park opens its doors in Madrid
French listed commercial property company Immobiliere Frey said that its Parla Natura sustainable retail park has opened its doors in the Spanish capital. With around 18,000 m[sup]2[/sup] of photovoltaic panels on its roof, the property represents the largest green retail asset developed so far in Spain, Frey said. The project ...
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PropertyEU Archive
Four Seasons loan refinanced after 15 months: Hatfield Philips
Hatfield Philips, Europe's largest independent primary and special servicer, announced on Wednesday that the 拢1.2 bn (EUR 1.3 bn) Four Seasons Healthcare care homes (Four Seasons Loan) had been successfully restructured. In total, over 30 parties had to agree to the restructuring which took 15 months of hard negotiation and ...
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PropertyEU Archive
Direct investment in UK property to reach EUR 25b in 2009: JLL
Jones Lang LaSalle has said it expects total direct investment in commercial real estate in the UK to total around 拢22 - 拢23 bn (EUR 24-25 bn) by the end of 2009. This is comparable with turnover in 2001 and would represent a 10% increase on last year's total of ...
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PropertyEU Archive
Cushman & Wakefield predicts retail rental growth in 2011
Cushman & Wakefield is predicting that retail rental falls in most European markets should bottom out by mid-2010 although sustained rental growth is unlikely to be achieved until 2011.
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PropertyEU Archive
Consortium provides EUR 210m refinancing to Bicester outlet village
A consortium of banks has advanced a 拢190 mln (EUR 210 mln) loan to Bicester Village in Oxfordshire. Bicester Village is managed by Value Retail under the Chic Outlet Shopping Villages in Europe brand. The centre features over 130 luxury designer brands. WestImmo Bank said that after 14 years the ...
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PropertyEU Archive
Private investor acquires Canary Wharf office property for EUR 230m
A private investor based in Bermuda has contracted to acquire the long leasehold interests in 5 Churchill Place on the Canary Wharf Estate in London for 拢208 mln (about EUR 230 mln).
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PropertyEU Archive
PEPR gets EUR 93m financing from two banks
Euronext-listed Prologis European Properties said it has closed on about EUR 92.8 mln of secured financing with two European banks. The loan will be used to refinance outstanding debt.
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PropertyEU Archive
Vivacon sells residential portfolio and ceases PM activities
German listed real estate group Vivacon has announced the sale of a residential portfolio and the firm's 80% stake in property manager Curanis Holding to German firm Consus Property Group. The financial details were not disclosed.
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PropertyEU Archive
SEB adds Frankfurt and Rotterdam properties to ImmoInvest portfolio
SEB Asset Management has added two development projects in Germany and the Netherlands to the assets of the SEB ImmoInvest fund. Following the addition of Werfthaus, which was built on the banks of the river Main in Frankfurt, and the Maastoren office tower in Rotterdam, the open-ended real estate fund ...
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PropertyEU Archive
Atrium on takeover trail in Poland and Czech Republic
Developer Atrium European Real Estate is seeking acquisitions in Poland and Czech Republic, a spokesman for the retail developer confirmed. 'The company plans to use its funds to buy good quality income-producing assets. These two countries are particularly attractive, but we will look elsewhere if the assets are good.'
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PropertyEU Archive
DTZ awarded largest mixed-use management contract in CEE
Global real estate adviser DTZ has been awarded a 5-year contract by international developer Ballymore Properties to carry out retail property and asset management services for the new landmark 230,000-m[sup]2[/sup] Eurovea scheme in Bratislava, the largest mixed-use commercial development in Central Europe.
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PropertyEU Archive
Signs of stability in European office markets: CBRE
Take-up in the EMEA office market rose in the third quarter of 2009, despite continued low leasing activity levels compared to 2008, according to CB Richard Ellis' latest EMEA office market research. Across the region, aggregate take-up in Europe increased slightly in the third quarter of 2009, but leasing activity ...
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PropertyEU Archive
Sonae Sierra receives first safety & health cert for mall construction
Sonae Sierra has become the first company in Europe to obtain a Safety & Health certification for the management of the construction of a shopping centre.
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PropertyEU Archive
Colliers Romania opposes double commissions in investment transactions
Colliers International is the first Romanian investment team to announce publicly they will only charge fees to one side of a transaction with a commercial property.
