All PropertyEU Archive articles 鈥� Page 1963
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PropertyEU Archive
Hines Italia to grow AUM to over EUR 2b
The Italian fund management unit of US real estate developer Hines has unveiled plans to increase its assets under management to more than EUR 2 bn by mid-2010.
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PropertyEU Archive
Vodafone to invest EUR 300m in new Milan HQ
International mobile phone operator Vodafone said it plans to invest around EUR 300 mln in the development of a new sustainable headquarters in Milan, northern Italy. The new complex, offering some 67,000 m[sup]2[/sup] of office space, will house the group's 3,000 workers that Vodafone currently employs in over 10 different ...
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PropertyEU Archive
Grant Thornton sells former Midland Bank HQ for 拢40m
Grant Thornton, administrator of Poultry Developments, has sold the former Midland Bank headquarters at 37-45 Poultry, in the City of London, for 拢40 mln (EUR 44 mln) to a private family trust. The deal was handled by law firm DLA Piper, who advised Grant Thornton on the sale.
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PropertyEU Archive
Niam acquires property in Kista for EUR 46m
Swedish private equity group Niam has acquired an office property in Krista, northwest of central Stockholm, from European Property Fund SICAV at a significant discount. The deal was based on a property value of SEK 485 mln (EUR 46.5 mln), 35% less than the price the fund paid for the ...
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PropertyEU Archive
Wealthy investors call bottom of property market: Barclays Wealth
High net worth individuals (HNWIs) have renewed confidence in residential and commercial real estate, according to the latest Barclays Wealth Insight report.
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PropertyEU Archive
NY still most expensive retail market: CBRE
Prime retail rents began to stabilise in many markets across the world in Q3 2009, as economic and retail indicators started to show signs of greater stability and retailer confidence gained positive momentum.
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PropertyEU Archive
Karimpol to start construction of Warsaw's Equator II project
CEE real estate developer Karimpol has announced that it is poised to start the second phase of development of its Equator office project in Warsaw. The development, providing some 21,000 m[sup]2[/sup] of modern A-class office space, has already been granted a building permit. Construction work will be carried out by ...
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PropertyEU Archive
Iberdrola rents out Oriente tower in Lisbon
The real estate arm of Spanish energy group Iberdrola said it has completely rented out the first tower of its Torres Colombo development project in Lisbon.
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PropertyEU Archive
Insurance company acquires Finnish mall for EUR 25m
Fennia Mutual Insurance Company has acquired Joensuu Shopping Centre in Finland from YIT Construction. The total value of the agreement is EUR 25.5 mln.
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PropertyEU Archive
Nomos-Bank buys PIK's $262m loan
London-listed Russian residential developer PIK has announced that Russian bank Nomos-Bank has bought its $262 mln (EUR 174 mln) loan from Vneshekonombank (VEB). PIK and Nomos-Bank said they plan to finalise restructuring terms by 15 January.
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PropertyEU Archive
Istil RE buys Kiev's Leipzig hotel for $35m
Istil Real Estate, the property development arm of Kiev-based Istil Group, has finalised the acquisition of Grand Plaza, the owner of the Leipzig historical building in central Kiev from Ukrainian company Gelegen. The acquisition price amounts to around $35 mln (EUR 23.5 mln), newspaper Kyiv Post has reported.
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PropertyEU Archive
Banco Sabadell buys private clinic for EUR 55m
Spanish lender Banco Sabadell has acquired the new Quiron Vizcaya private clinic in Bilbao, Northern Spain in a EUR 55 mln sale-and-leaseback agreement with Spanish healthcare operator Quiron Group. The financial institution said the property is earmarked for its Sabadell BS Inmobiliario FII real estate fund.
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PropertyEU Archive
UBS RE fund sells Zurich offices for EUR 90m
Munich-based UBS Real Estate Kapitalanlagegesellschaft has sold two office properties located at Zurich Airport to insurance group Swiss Life. The transaction volume of CFH 136 mln (EUR 90 mln) was 16% higher than the latest appraisal value for the properties.
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PropertyEU Archive
Sustainability remains on agenda, says RICS
The attempt to raise profitability remains the key factor driving the interest in sustainable buildings globally, according to the latest Global Property Sustainability Survey, released by the Royal Institute of Chartered Surveyors (RICS).
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PropertyEU Archive
Union Investment issues last call for Prime Property Award entries
Union Investment has issued a last call for entries to its Prime Property Award competition which recognises sustainable real estate investment in Europe. The deadline for entries is 15 December.
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PropertyEU Archive
Two Irish banks urge support for toxic property loan scheme
Bank of Ireland and Allied Irish Banks have urged their shareholders to back proposals to sell toxic real estate loans to Ireland's new bad bank scheme. The banks estimate they could receive a combined total of EUR 28 bn if the National Asset Management Scheme, or Nama, applies a discount ...
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PropertyEU Archive
Dubai collapse leads to double dip fear for property
Hatfield Philips, an independent European primary and special servicer, has warned that Europe may suffer a 'double dip' in the commercial real estate market in 2010 as a result of the crisis in Dubai.
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PropertyEU Archive
Multi opens Forum Palermo
Multi Development has opened Forum Palermo, the first major retail project in the capital city of Sicily. The 65,000-m[sup]2[/sup] project with 124 units has been developed by Multi Development-C Italia and will be managed by Multi Mall Management Italy.
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PropertyEU Archive
Terrace Hill sells Covent Garden project for EUR 18m
UK property developer and investor Terrace Hill said on Friday that it has sold the freehold interest in its Kean House development in Covent Garden, London to a major UK institution for a total of 拢16 mln (EUR 18 mln). The investment volume reflects a net initial yield of 6.4%.
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PropertyEU Archive
SLI unveils EUR 198m pan-European recovery fund
Standard Life Investments (SLI) has unveiled plans for a new closed-ended pan-European real estate recovery vehicle for the advisory market. The UK property fund manager aims to raise up to 拢75 mln in equity for the fund and through borrowings will seek to leverage the property portfolio by 60% to ...
