All PropertyEU Archive articles 鈥� Page 1969
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PropertyEU Archive
Shopping centre rents highest in Russia and UK: JLL
Russia and the UK command the highest prime shopping centre rents in Europe at EUR 2,000 per m[sup]2[/sup] per annum, according to new research released on Wednesday at Mapic by Jones Lang LaSalle.
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PropertyEU Archive
Hines receives green light for development of Warsaw tower
The Polish office of US property developer Hines has started preliminary work for the project to build a 160-metre high tower on ul. Grzybowska in Warsaw. The firm told PropertyEU that it has been granted permission to begin construction and will now start demolition works on the site, while beginning ...
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PropertyEU Archive
Stabilising Dutch economy will steel retail investors: Savills
Signs that the Dutch economy has hit the bottom of the cycle and appears to be stabilising will spark renewed interest from investors wishing to take advantage of price readjustments before a full recovery, property adviser Savills said.
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PropertyEU Archive
Menno Maas regrets split-up of ING Real Estate
Menno Maas, outgoing CEO of ING Real Estate Development, regrets that ING Real Estate's former business model which integrated development, asset management and finance has been abandoned. Nevertheless, he understands the reasoning behind ING's decision to integrate the development unit into ING bank and wholeheartedly supports the strategic review which ...
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PropertyEU Archive
Multi opens Europe's largest mall in Istanbul
Multi Development has opened Forum Istanbul, the largest shopping centre in Europe and Multi's most ambitious project to date. The inauguration of the 175,000 m[sup]2[/sup] scheme at a special ceremony on Tuesday is the latest milestone in Multi's roll-out of 10 projects across Europe this autumn.
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PropertyEU Archive
MPL opportunity fund takes stake in leisure facility
Fund manager Managing Partners Limited (MPL), through its British Property Opportunities Fund, has taken a substantial stake in the Rotunda Building, a prime leisure destination in the heart of Kingston-upon-Thames in the UK. The leisure complex attracts over 2.8 million visitors per year. The investment provided the fund with ...
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PropertyEU Archive
Outlets take off as general retail slows
Retail brands in Europe are increasingly introducing an outlet centre strategy or expanding in the sector as other retail markets are slowing down, according to GVA Outlets.
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PropertyEU Archive
Redevco to redevelop Korenmarkt in Ghent
Redevco Belgium is to redevelop 14,000 m[sup]2[/sup] of the complex located on Korenmarkt in Ghent. Part of the complex will be demolished and rebuilt, and the remaining parts thoroughly refurbished.
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PropertyEU Archive
Eurocommercial buys two shopping centres for EUR 100m
Amsterdam-listed Eurocommercial Properties has announced it is acquiring two existing shopping centres in France and Italy for a total of EUR 100 mln, reflecting a combined net yield of 6.5%.
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PropertyEU Archive
Horus Capital sells Moscow properties for $270m
Russian lender Binbank and Bin Group have acquired a number of office and retail buildings in Moscow from UK-based Horus Capital for a reported sum of $270 mln (EUR 180 mln). According to a news report in Russian paper Commercial Real Estate, the two investors have purchased half of Horus ...
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PropertyEU Archive
WestImmo places second EUR 500m Pfandbrief
Westdeutsche ImmobilienBank (WestImmo) has placed its second EUR 500 mln benchmark mortgage Pfandbrief on the capital market. The coupon amounts to 2.5 %. The Pfandbrief runs until June 2013 and the yield mark-up is 23 basis points above swap-mid.
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PropertyEU Archive
Aberdeen halts withdrawals from Degi International fund
Aberdeen Immobilien (formerly Degi) has suspended both the redemption and issuance of fund shares for its Degi International fund with immediate effect, the fund manager said on Tuesday. Issuance of Degi Europa fund shares has also been suspended. Degi said the measure had been taken to safeguard ongoing business operations ...
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PropertyEU Archive
Risk aversion remains across Europe: DTZ
Commercial real estate investors across Europe show little willingness to move up the risk curve, according to DTZ's latest European Quarterly report. Over the third quarter, commercial real estate investment activity remained focused on the main liquid and transparent markets of Western Europe.
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PropertyEU Archive
Minerva rejects unsolicited offer from South African investor
London-based developer Minerva has rejected an unsolicited takeover offer from KiFin, a company controlled by South African businessman Nathan Kirsh. Minerva's board described the 50 pence per share offer as 'an opportunistic and unwelcome attempt to acquire Minerva at a price which significantly undervalues the company and its future prospects'.
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PropertyEU Archive
Estcapital appointed to manage Venice's property fund
The management arm of Italy's Estcapital has won an auction organised by the municipality of Venice for the management of some of the city's property assets. A partnership of SGR Estcapital and Unicredit Corporate Banking has emerged ahead of 11 bidders including Pirelli Real Estate for the creation and the ...
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PropertyEU Archive
Redevco expands focus to Asia
Retail property specialist Redevco has started to explore investment opportunities in Asia following its expansion in recent years in Eastern Europe. Redevco said China and India in particular are enjoying rapid economic expansion in Asia. Initially, the firm will focus on participating in new development projects in major cities in ...
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PropertyEU Archive
Russian hotel group files for bankruptcy
Russian hotel operator Heliopark Group and its property management arm Heliopark Hotel Management have filed for bankruptcy in a Moscow court after failing to repay creditors.
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PropertyEU Archive
Skanska brings pension funds together to buy projects
Construction giant and developer Skanska announced on Tuesday that it is selling two ongoing projects to a group of pension funds in one of the largest property transactions in Sweden this year. Skanska's investment in the two properties amounts to SEK 1.25 bn (EUR 122 mln). The company estimated that ...
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PropertyEU Archive
Starwood buys City Tower in London
US private investment firm Starwood Capital Group Global has confirmed that funds it manages have purchased the City Tower building in the City of London from Prupim. Financial details were not disclosed. The building at 40 Basinghall Street consists of 13,200 m[sup]2[/sup] over 21 floors, and houses some 40 ...
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PropertyEU Archive
Buyside sceptical on Continental valuations: JP Morgan
Listed real estate companies in Europe need to increase their focus on property appraisals and their disclosure as a new survey shows widespread scepticism on property valuations, according to JP Morgan. The survey carried out by property analysts Harm Meijer and Osmann Malik at JP Morgan's European Equity Research division ...
