All PropertyEU Archive articles 鈥� Page 1971
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PropertyEU Archive
CBRE Investors purchases Lidl in London for EUR 7.8m
CB Richard Ellis Investors has announced the purchase of a Lidl food store at Bridge Street, Pinner in London for 拢7.07 mln (EUR 7.8 mln). The purchase represents a net initial yield of 4.15% per annum with immediate reversion on the settlement of the outstanding rent review to above 5% ...
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PropertyEU Archive
Koreans to buy HSBC's Canary Wharf HQ for EUR 863m
The National Pension Service of Korea (NPS) has agreed to acquire HSBC's headquarters in Canary Wharf, London for 拢772.5 mln (EUR 863 mln) in cash.
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PropertyEU Archive
Land Securities calls for more action on carbon emissions
Land Securities, the UK鈥檚 leading commercial property company, is leading the call for action on reducing carbon emissions with the introduction of Display Energy Certificates across its London office portfolio.
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PropertyEU Archive
Marcol, Advent JV finalises German clinic deal
US private equity investor Advent International and UK property group Marcol have completed the acquisition of Median Kliniken, Germany's largest private rehabilitation care provider. The acquisition, which has received approval from the European Commission, will see the two business partners take control of 27 rehabilitation and acute clinics at 19 ...
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PropertyEU Archive
British Land apppoints two non-executive directors
British Land has announced the appointment of Richard Pym and Dido Harding as non-executive directors from 1 January 2010. Pym is chairman of Bradford & Bingley and BrightHouse Group. Harding is Convenience director at Sainsbury's.
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PropertyEU Archive
Sofia Property Fund may buy back site
Lewis Charles Sofia Property Fund, a London-listed vehicle focused on investment in Bulgaria, said on Wednesday that it is proposing shareholders to make 'certain amendments to its articles of incorporation' which would allow it to obtain funding to exercise a buy-back option on a 100,000 m[sup]2[/sup] site in Sofia, Bulgaria.
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PropertyEU Archive
Pie Factory bags Toasted Productions
Toasted Productions has become the latest media company to set up home in The Pie Factory, MediaCityUK located at Salford Quays in the UK. The media production company, whose clients include ITV, Universal Records, Girls Aloud, 4Music, iTunes Music Festival, Unilever and Manchester Airport have joined the likes of 24-7(Visual ...
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PropertyEU Archive
Big brokers scale up IT investment
Top global brokerage firms are planning a wave of IT investment to streamline their operations, PropertyEU reports in the November edition of the Magazine.
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PropertyEU Archive
Spanish property regime a missed opportunity: EPRA
The new Spanish regime for property investment (SOCIMI) fails to capture the benefits of a true real estate investment trust (REIT) structure and is a missed opportunity for the Spanish Government, according to the European Public Real Estate Association.
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PropertyEU Archive
McArthurGlen develops more than 135,000 m[sup]2[/sup] of new outlet retail
McArthurGlen, a leading developer, owner and manager of designer outlet villages in Europe, will open more than 135,000 m[sup]2[/sup] of new retail space across Europe in 2010 and 2011. This total includes three new schemes: La Reggia Designer Outlet near Naples, which will open in February 2010, as well as ...
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PropertyEU Archive
Aker Solutions agrees on option to buy EUR 43m of assets
Norwegian property company Scandinavian Property Development (SPDE) said it has entered into an agreement with Aker Solutions that gives the latter the right to purchase the commercial properties NB2/3 at Hinna Park, Stavanger and the area K2 at Fornebu in Southern Norway .
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PropertyEU Archive
Deka acquires Gemini in largest Czech deal of the year
Deka Immobilien has completed the acquisition of the Gemini office scheme in Prague from Austria's Sparkassen Immobilien for EUR 110 mln. Property adviser King Sturge, which acted for Deka, said it was the largest investment deal in the Czech Republic so far this year, accounting for 40% of the total ...
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PropertyEU Archive
Prime office yields continue to stabilise across Europe: JLL
Prime office yields across Europe continued to stabilise during the third quarter of 2009 and the bottom of the investment cycle is in sight, Jones Lang LaSalle has said in its latest Prime European Office Yields Tracker.
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PropertyEU Archive
Kenmore Property Group goes into administration
European real estate investment and fund manager Kenmore Property Group (KPG) has gone into administration. The board has appointed Rob Caven and Martin Ellis of the UK office of financial and business adviser Grant Thornton as joint administrators of 21 companies within the group, it was announced on Thursday.
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PropertyEU Archive
Europa Capital announces further letting at Office Campus
Europa Capital Partners, advisor to the Europa Fund, has announced the conclusion of a letting of 2,493 m[sup]2[/sup] to Fujitsu Technology Solutions at its Office Campus Gasometer project in Vienna. Fujitsu will take occupation in early December following fit-out and will join other global corporations on the occupier roster which ...
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PropertyEU Archive
Pirelli RE and Fimit mull merger to create new asset manager
Italian conglomerate Pirelli & Co. is considering merging its real estate arm with fund manager Fimit to create a 'new entity in the asset management and real estate services sector'.
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PropertyEU Archive
Cushman & Wakefield posts profit in third quarter
Property advisor Cushman & Wakefield made a profit of EUR 2.1 mln for the third quarter of 2009. The result was EUR 3.4 mln down on the same period last year but a major improvement on the second quarter of 2009 when the global real estate services company suffered ...
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PropertyEU Archive
Hilton expands Romanian portfolio with new hotel in Oradea
Hilton Worldwide has announced the signing of a management agreement with Calipso, a listed company owned by the Sif Banat Crisana investment group, to open a Doubletree by Hilton hotel in Oradea, Romania.
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PropertyEU Archive
Valad reports strong leasing, upturn in sales to owner-occupiers
Valad Property Group has reported strong leasing performance across its European platform in the third quarter. During the three month period, the fund and asset manager of multi-let commercial real estate let 680,000 square feet in the UK alone at a total rent of 拢2.2 mln per annum. This compares ...
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PropertyEU Archive
Hypo Group posts EUR 574m net loss in Q3
Hypo Real Estate Group, posted a net loss of EUR 574 mln for in the third quarter of 2009, marking the German real estate lender's fifth consecutive quarterly loss. The performance in the July to September period brings the banking group's net loss for the first nine months of the ...
