Immo-news.net : the real estate information website

Henderson Global Investors has extended its £560 million Central London Office Fund I until December 2015. Nearly all of the fund’s 84 investors voted in favour of extending the fund from 2011 in order to take advantage of the strong London office market. Clive Castle, fund manager of the Central London Office Fund I said: “Pushing the expiry date of the fund fits in with our view of the...

MGPA, the private equity real estate investment advisory company, is pleased to announce that it has exchanged contracts for the acquisition of a real estate portfolio from Germany’s leading discount retail company ALDI SUED. The 140 properties will be managed by MGPA Europe Fund III. The properties, mainly located in the Southern and Western parts of Germany, are stores which will partially be...

Catella’s asset management division Amplion has established a new business unit in Sweden. Amplion has teamed up with three highly experienced real estate professionals Greger Hedlund, Magnus Edlund and Örjan Johansson, who will become partners in the new company. Greger Hedlund has been nominated as MD. Additionally Sara Östmark and Josefina Erenius have been nominated as asset managers....

Société de la Tour Eiffel’s in-house management company, Awon Asset Management, is to be rebranded Tour Eiffel Asset Management as from September 1, 2010. Tour Eiffel Asset Management comprises some 20 professionals dedicated to the asset management of the mother company’s property portfolio which comprises principally periurban offices located in the Paris area and throughout the regions,...

Echo Investment is to build Outlet Park Szczecin on Struga street in Szczecin, which will be the first facility of this type in the Pomeranian province. Outlet Park Szczecin will be built on the spot of the currently open PHS centre, where earlier the Astra shopping centre was planned to be built. “Since the time when the first concept was developed, we have carried out...

ING Real Estate Investment Management (ING REIM) has appointed Bruno Cohen as Chief Investment Officer (CIO) of ING Real Estate Investment Management France as of 1st of September 2010. From its Paris office managed by Silvio Estienne, ING REIM France manages a portfolio of real estate assets in the retail, offices, residential and logistic sectors with a total value of approximately EUR...

Forget drab, uninspiring conference rooms – Design Hotels™ presents five member hotels with amazing views, lavish gardens and state-of-the-art technology. From the north German port city of Bremen, to an urban resort in Jakarta, there are exciting meeting spaces to be discovered all around the world. In Turkey, Hillside Su (www.designhotels.com/hillside_su can cater to anything from summer BBQs...

ONE OF Leeds best-known city centre offices buildings has been sold by property consultants King Sturge in a multi-million pound investment deal. Kings Court, King Street, with its imposing entrance and prominent position on the corner of King Street with Quebec Street, has been sold for an undisclosed sum by the King Sturge Leeds-based Investment team acting for Alliance Trust Real Estate...

Westdeutsche ImmobilienBank AG (WestImmo) posted good results in the first half of 2010 in what continues to be a difficult general economic climate. At €81.5 mln., the operating result (earnings components less general administrative expenses) exceeded the figure for the first half of 2009 (€76.1 mln.) by 7.1%. Net interest income, which at €120.5 mln. was some 27% above the result for...

VARENA, Austria's most modern shopping center, in Vöcklabruck has opened its doors on Wednesday, August 25th 2010. It is the 24th mall of SES Spar European Shopping Centers. The company has invested €82 million in this location and created 750 jobs. It is the single largest private investment ever made in Vöcklabruck. With its exceptional architectonic presence the shopping center presents 80...

CB Richard Ellis (Scotland) has announced the completion of a letting at 169 Sauchiehall Street, Glasgow on behalf of London-based property investment company, Winston Group. Barratts, the leading footwear retailer, has renewed its lease to occupy the entire unit, extending to 2,800sq ft over two floors, on a new ten year lease at a rental of £137,500 pa. CBRE recently sold 169...

Through Hemsö, its joint venture with AP3 (the Swedish Third Pension Insurance Fund), Swedish listed property company Kungsleden AB (publ) is acquiring a property for a total investment of SEK 135 m. This property, a retirement home located in Uppsala, near Stockholm, will be constructed by Riksbyggen, with Hemsö taking possession when building is complete. The home will have 80 places...

Zachry Nuclear Engineering, a subsidiary of Zachry Nuclear, Inc., will be relocating its Connecticut facility from Groton, CT to nearby town Stonington, having just signed a new long-term lease for the 67,651- square-foot building at 14 Lords Hill Road. The impetus for the relocation was the company’s need for a larger one-story facility with an open floor plan. “This is a shallow...

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today it is expanding its coverage in Central California with the signing of Winston Global, Inc. The firm will now operate as NAI Central Cal. Located in Bakersfield, CA, NAI Central Cal is a full-service commercial real estate...

Echo Investment and ROCHE Poland have signed the second office space lease agreement in the Malta Office Park complex being developed in Poznań on Arcybiskupa Baraniaka street. ROCHE Poland is a leading manufacturer of drugs used in many fields of medicine, which operates in over 150 countries. In Malta Office Park Roche runs its IT Service Centre on an area of nearly 1,450 sqm. The newly...

Banimmo, the listed Belgian property company and Patric Huon, the CEO of Foruminvest Belgium have successfully negotiated with the Foruminvest Group to acquire a majority stake in three Walloon shopping center developments in Verviers, Namur and Charleroi. The Foruminvest Group will still keep an interesting financial stake in the future results in these Belgian projects. Immobilière Huon...

Chinese buyers are anticipated to replace Russian investors as major players in the prime central London market as the number of super-wealthy individuals continues to grow rapidly in the country, new research from CB Richard Ellis has revealed. Buyers with foreign currency are still enjoying attractive discounts on prime central London property as Sterling continues to remain weak....

RESULTS FOR THE HALF YEAR TO 30 JUNE 2010 Savills plc, today announces its unaudited results for the six months to 30 June 2010. Key Financial Information: ● Group revenue increased 23% (22% in constant currency) to £304.4m (2009: £247.6m) ● Group profit before tax recovered to £14.4m (2009: £0.1m) ● Underlying Group profit before tax* grew to £17.2m (2009: £2.5m) ●...

Bangkok – A 20% increase in supply expected in 2010 2010 will see the skyline change in Pattaya city with a 20% increase in supply due by the end of the year according to the new Pattaya City Condominium Market Report for the first half of 2010 by Colliers International Thailand. “Absorbing such an influx in demand will be challenging” pointed out Antony Picon, Senior Manager for...

Skanska has secured a contract to build a shopping center in Trondheim in Norway. The contract amount is NOK 477 M, approximately SEK 570 M, which is included in order bookings for the third quarter of 2010. The customer is KBS Kjøpesenter AS, a part of Realinvest AS. Skanska will develop the project together with the customer. The shopping center, comprising 63,000 square meters, will...