All PropertyEU Archive articles 鈥� Page 1974
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PropertyEU Archive
Swedish hotel group buys hotel in Gothenburg
Swedish hotel group Rasta has acquired a 9,000-m[sup]2[/sup] hotel with 200 rooms in Gothenburg from the Brandel family. The sales price came to SEK 240 mln (EUR 23 mln). The hotel is located in the centre of the city.
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PropertyEU Archive
Green shoots of recovery emerge in CEE: JLL
Rental levels are beginning to bottom out in most of the core Central and Eastern European markets and stability should return during 2010 once the supply and demand levels rebalance, according to Jones Lang LaSalle.
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PropertyEU Archive
Prime real estate yields take a tumble in UK
Competition among investors for a limited supply of prime UK commercial real estate assets is leading to increasingly aggressive bidding. Prime yields fell 35 basis points in October to 6.58%, the largest monthly fall since at least 1993, Cushman & Wakefield said in its November Business Briefing on the UK ...
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PropertyEU Archive
Market pulse: prime rents stabilising
Real estate investors have received a welcome boost with the news that prime office rental levels stabilised in the majority of European markets during the third quarter of 2009.
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PropertyEU Archive
CA Immo issues EUR 135m of bonds, opens first retail centre in Hungary
Austrian property company CA Immo is issuing at least EUR 135 mln in convertible bonds in a bid to boost its finances. The company said that the volume may be increased to EUR 150 mln if bookrunners, Deutsche Bank and UniCredit, exercise a greenshoe option to buy another EUR 15 ...
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PropertyEU Archive
Rezidor, RHC to develop new 150-room hotel in Russia
Rezidor Hotel Group and Regional Hotel Chain (RHC) are teaming up to develop a new Park Inn hotel in Yaroslavl, Russia. The move is part of an agreement signed by the two business partners in March 2009 to develop at least 20 Park Inn hotels across the Russian Federation.
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PropertyEU Archive
Allianz RE reportedly buys La Colisee for EUR 160m
German investor Allianz Real Estate Germany has reportedly acquired La Colisee office building in Paris' La Defense business district from Morgan Stanley's French listed real estate investment arm La Lucette.
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PropertyEU Archive
AFI may transfer 20% of Russian unit to bondholders
Real estate developer Africa Israel Investments (AFI) could transfer up to 20% of its 71%-owned Russian property development unit, AFI Development, to its bondholders as part of a plan to restructure its debt.
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PropertyEU Archive
Quintain unveils EUR 204m rights issue
UK real estate group Quintain Estates and Development said on Thursday that it proposes to raise approximately 拢183 mln (EUR 204 mln) in a deeply discounted rights issue. The operation will involve the issue of 390 million shares at 49 pence per share. The price irepresents more than a 70% ...
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PropertyEU Archive
Grainger plans to raise EUR 265m
UK residential property group Grainger announced on Thursday that it is seeking to raise about 拢238 mln (EUR 265 mln) in a 2-for-1 rights issue. The issue price of 90 pence per share is a 67% discount on Wenesday's closing price.
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PropertyEU Archive
Mercator purchases Serbian mall for EUR 32m
Mercator-S, the Serbian arm of Slovenia's Mercator retail chain, has acquired a retail scheme with 30 shops in Belgrade, Serbia for around EUR 32 mln.
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PropertyEU Archive
Nexity's revenues from commercial division up by 61%
French construction and property group Nexity posted stable revenues of EUR 1.96 bn in the first nine months of the year, mostly driven by a 61% growth in its commercial property division, which reached EUR 370 mln so far this year. The increase in its commercial property activities compensated for ...
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PropertyEU Archive
EBRD mulls EUR 68m lending for development of Croatian mall
The European Bank for Reconstruction and Development (EBRD) is considering providing a EUR 68 mln long-term debt facility for the construction of a shopping mall in Split, Croatia.
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PropertyEU Archive
Future Capital raises EUR 72m for project in Montenegro
UK private equity group Future Capital Partners has raised a total of 拢65 mln (EUR 72 mln) from 38 clients for a new luxury real estate project in Montenegro. According to news website Portfolio Adviser, the 拢6 bn alternative investment boutique has temporarily closed its fundraising for the 拢150 mln ...
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PropertyEU Archive
C&W appointed to manage River Loft in Budapest
Cushman & Wakefield has been appointed to manage the 5,700-m[sup]2[/sup] River Loft office building in Budapest's 13th district. River Loft is owned by the Investec GLL Global Special Opportunities Real Estate Fund, an investment company formed by Investec Bank and GLL Real Estate Partners.
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PropertyEU Archive
Warimpex prepares expansion drive - do not use yet
CEE hotel developer- investor Warimpex has positioned itself to acquire land plots and properties at bargain prices in the current downturn for future expansion.
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PropertyEU Archive
PointPark Properties to open UK office
Bahrain-based Arcapita Bank's property arm PointPark Properties (P3) is opening an office in London. The move is in line with P3's international expansion plan. The logistics property developer and operator opened a branch in Frankfurt earlier this year.
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PropertyEU Archive
Airport Industrial sells prime Heathrow industrial estate for EUR 18m
The Airport Industrial Property Unit Trust, managed by Scottish Widows Investment Partnership, has completed the disposal of Mereside Park, Shield Road, Bedfont to Royal London Asset Management. The transaction volume of 拢16.2 mln (EUR 18.1 mln) reflects a net initial yield of 6.78%.
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PropertyEU Archive
Aberdeen completes lease agreement for 5,500m[sup]2[/sup] in Finland
Aberdeen Property Funds SICAV-FIS Pan-Nordic has completed a 5,500-m[sup]2[/sup] lease agreement with the IT company, Tieto, at a property located at Mattilanniemi 8, Jyv盲skyl盲, Finland. The fund has a value added profile and is aiming to provide excess returns to investors through active asset management.
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PropertyEU Archive
Luxembourg to offer buying opportunities in 2010: Savills
Luxembourg's office market will see some buying opportunities in 2010 as funds reassess their position, according to Savills. The market, which has seen a steep decline in office take up and a very small number of investment transactions, is set to return next year as GDP growth is forecast at ...
