All PropertyEU Archive articles 鈥� Page 1968
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PropertyEU Archive
C&W appoints new head of Russia
Global property adviser Cushman & Wakefield (C&W) has appointed Tim Millard as the new General Director of its 140-strong Moscow office, with effect from 1 January 2010. Millard, who has worked at C&W in Russia since 2003, will succeed Mark Stiles, the co-founder along with Sergey Riabokobylko of Stiles & ...
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PropertyEU Archive
CBRE appoints new COO for the Nordics
CB Richard Ellis said it has appointed Morten Fossum to the position of Chief Operating Officer (COO) of its rapidly expanding Nordics business. The appointment represents another building block in the strategic development of the company's Nordics platform after the opening of a CBRE office in Helsinki, Finland in June.
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PropertyEU Archive
Atlas sells Slovakian assets to fund development
London-listed Atlas Estates has signed an agreement with Cyprus-headquartered Pottertry to sell its entire long-term investment assets throughout Slovakia. The portfolio consists of a 50% stake in three mixed-use developments in the country.
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PropertyEU Archive
Positive signs for large retail lot sizes: CBRE
Investment in European retail property reached EUR 5.1 bn in the third quarter of 2009, marking the end of the EUR 4.2 bn activity plateau reported in each of the three previous quarters. This brings total retail investment activity over the first nine months to EUR 13.7 bn - exactly ...
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PropertyEU Archive
Retail is first choice for investors in Germany: Savills
The retail sector has dominated the property investment market in Germany this year, representing around 35% of transactions as investors remain encouraged by the stable consumer climate, according to property adviser Savills.
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PropertyEU Archive
Fashion House outlet in Gdansk opens second phase
Fashion House Outlet Centre Gdansk opened its second phase on Wednesday, which will add a further 50 outlet units by July 2010. The project will create a further 200 jobs and will consist of a built area of 10,000 m[sup]2[/sup] with a GLA of 7,200 m[sup]2[/sup]. This will bring the ...
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PropertyEU Archive
Two more hard years for retail occupier market: King Sturge
The European retail occupier market faces at least two more years of hardship, according to King Sturge's latest research on the sector. Noting that there are early signs of activity in European retail investment markets, the international broker warned the retail sector is 'seriously out of kilter' with any investment ...
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PropertyEU Archive
EDF takes over 10,000 m[sup]2[/sup] of office space in Carre Vert
Jones Lang LaSalle's Paris office said it has advised UK home and business energy supplier EDF on leasing 10,300 m[sup]2[/sup] of office space within Le Carre Vert office building at Levallois in the north-western suburbs of Paris.
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PropertyEU Archive
IGD's net profit drops 64% to EUR 15m
Italy's real estate investment trust IGD Siiq saw net profit drop by 64% in the first nine months of the year to EUR 15 mln from EUR 41 mln in the same period a year before.
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PropertyEU Archive
Union Investment reports 17% increase in AUM
German investment fund manager Union Investment said its assets under management (AUM) have increased 17% since the start of 2009, bringing total property fund assets to a new record of EUR 18 bn. Total assets in the four retail real estate funds and two institutional funds passed the EUR 18 ...
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PropertyEU Archive
Spanish retail pipeline to dip further in 2010: Savills
The Spanish property market has reacted quickly to the downturn by cutting retail development in 2009, property adviser Savills said at the Mapic retail real estate fair in Cannes.
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PropertyEU Archive
Realia swings to loss of EUR 43m
Spanish property company Realia swung to a net loss of EUR 43 mln in the first nine months of the year on the back of devaluations in its property portfolio. The company posted a profit of EUR 39 mln in the corresponding period a year before. Its turnover dropped by ...
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PropertyEU Archive
Delancey acquires Royal Mint Court for EUR 57m
The Crown Estate has exchanged contracts to sell the freehold interest in Royal Mint Court, London, to a fund advised by Delancey for 拢51 mln (EUR 57 mln). Royal Mint Court, one of the largest in the City, comprises around five acres on the site of the former Royal Mint ...
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PropertyEU Archive
Time-Hotels finalises acquisition of 9 hotels in France
Time-H么tels, part of La Financiere Patrimoniale d'Investissement group, has completed the acquisition of Compagnie G茅n茅rale H么teli猫re, the owner of a portfolio of nine hotels in France, French business newspaper Business Immo has reported. The financial details of the transaction were not disclosed. The portfolio, which was sold by Sopalia Compagnie ...
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PropertyEU Archive
Adagio City opens first apartment hotel in Germany
Adagio City Aparthotel, a joint ventre between French hotel chain Accor and holiday group Pierre & Vacances, has opened an establishment in Berlin, its first in Germany. The hotel, located near the Kurf眉rstendamm high street, comprises 133 apartments.
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PropertyEU Archive
Jan Doets joins US industrial developer IDI as adviser
Jan Doets, a former chairman of ING Global Real Estate, has been recruited by US industrial property developer IDI as an adviser to the firm's investment management group. 'Jan Doets' experience as the former director of ING Global Real Estate from 1996 to 2005 provides extra depth to advise in ...
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PropertyEU Archive
MAB and Neinver announce joint venture at Mapic
MAB Development and the Spanish outlet operator Neinver have signed an agreement in principle at the Mapic retail trade fair in Cannes to cooperate on the development of factory outlet centres (FOCs) in France and Germany. The combination of Neinver's knowledge of management, concept design and leasing in FOCs and ...
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PropertyEU Archive
LaSalle appoint Uwe Rempis head of asset management in Northern Europe
Uwe Rempis has been appointed head of Asset Management Northern Europe of LaSalle Investment Management. Uwe Rempis has been involved both in asset management and acquisition for a number of LaSalle's German and European funds in Northern Europe. Based in Munich Uwe reports to Insa von J眉rgensonn, head of Portfolio ...
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PropertyEU Archive
Robert Bonwell named CEO of JLL's EMEA retail business
Jones Lang LaSalle has appointed Robert Bonwell to the newly created post of CEO of the broker's EMEA Retail Business. The move is part of a string of appointments designed to strengthen the EMEA management board and 'take advantage of opportunities as the region emerges from the recession', the company ...
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PropertyEU Archive
CEE retail markets in restructure and recovery mode: JLL
The five Central and Eastern European economies have been far from immune to the effects of the economic crisis, but they are expected to grow and gather momentum from 2010 onwards, according to the report 'CEE Retail in 3D' published by Jones Lang LaSalle at Mapic in Cannes.
