PSP Swiss Property – Continuing strong operating earnings as a result of the measures introduced last year. Full year’s forecast confirmed
21/08/2008
Land Securities sells 50% share in Empress State, Earl's Court
21/08/2008
AVIS-Immobilier lance une GARANTIE REVENTE trè attractive
21/08/2008
CBRE sells Brighton Office for Morley
20/08/2008
Miguel Hernández elected as Chairman of the ULI in Madrid
20/08/2008
Echo Investment's Bottom Line in the 2nd Quarter of 2008
20/08/2008
RICS: Lettings market shines bright in housing gloom
20/08/2008
Niam acquires 41 properties from Vasakronan for €750 million
20/08/2008
AMP NZ Office Trust (ANZO), New Zealand’s largest listed investor in prime commercial office property, has posted a 27.2 percent rise in distributable profit for the full year to 30 June 2008
20/08/2008
Brixton plc 2008 Half Year Results
20/08/2008
Best of et rendez-vous d'ImmoTele.net
20/08/2008
Colliers Albania the exclusive leasing agent for leading office project in Albania
19/08/2008
CBRE London Team strikes deal for ICE Futures Europe
19/08/2008
IC Increases Turnover and Operating Income, Depreciation on Real Estate Stocks Causes Mid-Year Loss
19/08/2008
Savills enters into Joint Venture with HNA Property Group
19/08/2008
Emaar Properties unveils eco-friendly Mushrif Heights
19/08/2008
Bilfinger Berger : Interim Report Q2 2008
19/08/2008
Asia Investments of Commerz Real Fund hausInvest global Top 1bn Euro
19/08/2008
Asteco response to media questions on Morgan Stanley's forecast for Property Values in Dubai
19/08/2008
IVG sells project development Europark Fichtenhain B in Krefeld to private investor
18/08/2008
Cls Holdinges PLC : sale of three properties in France
18/08/2008
Engel & Völkers Commercial sets sights on European cities
18/08/2008
Jones Lang LaSalle predicts Beijings future beyond the Games
18/08/2008
Deutsche EuroShop: H1 2008 with jump of revenue and earnings
18/08/2008
NCC to build about 135 apartments in Uppsala
18/08/2008
TIAA-CREF Opens Office in London
15/08/2008
The Dubai Mall unveils retail world’s most sophisticated multimedia systems
15/08/2008
Catella broadens its operations and recruits new personnel
15/08/2008
Union Investment acquires retail property in Tokyo
15/08/2008
Leasinvest Real Estate further expands its Luxembourg portfolio
15/08/2008
Public to be consulted on plans for £70 million development in Colmore Row Conservation Area
15/08/2008
Property continues its decline, rental growth slows, IPD shows
15/08/2008
Aareal Bank Group remains on course in the 2008 financial year
15/08/2008
Création de standing 'rêve d'Avenches'
15/08/2008
GPT Halverton concludes letting deal for the Dutch Active Fund in Rosmalen
14/08/2008
EXPO REAL 2008: Hot spot Russia
14/08/2008
Northern Logistic Property ASA - Results Q2 2008
14/08/2008
Suisse : Indice du marché des loyers homegate.ch - juillet 2008
14/08/2008
Brussels Office Review by DTZ
13/08/2008
DIC Asset AG with results for the first half of 2008
13/08/2008
One of the Great Houses of Scotland
13/08/2008
Heads of Terms signed with Logistics Buyer
13/08/2008
RICS UK housing market survey: some realism returns to the market
13/08/2008
Anders Danielsson appointed new President of Skanska Sweden
13/08/2008
Hypo Real Estate Group continues to be profitable in Q2
13/08/2008
Commerz Real steps up its real estate investments on the logistics market
13/08/2008
Home Staging : c’est l’été que se préparent les maisons qui se vendront à la rentrée
13/08/2008
Emaar Misr signs MoU with The Ritz-Carlton Company LLC to manage luxury beachfront resort in Marassi
13/08/2008
Union Investment erwirbt 'Wentzinger Hof' in Freiburg
13/08/2008
DM Properties expands into new territory
13/08/2008
The first Buddha-Bar Hotel and legendary Buddha-Bar restaurant / bar / lounge coming to Prague in December 2008
13/08/2008
MIPIM Horizons special keynote session with urban development expert Prof. Dr. Frauke Kraas
08/08/2008
The Düsseldorf office market in the first half of 2008 - Success unbroken
08/08/2008
Der Büromarkt Düsseldorf im ersten Halbjahr 2008 – Erfolskurs hält an
08/08/2008
Emaar to host special sales event on 08/08/08
08/08/2008
 
Menu
|
|
|
|
NEWS
PSP Swiss Property – Continuing strong operating earnings as a result of the measures introduced last year. Full year's forecast confirmed
For the reporting period January to June 2008, PSP Swiss Property has improved its earnings compared to last year's first six months: Net income excluding revaluations gains amounted to CHF 60.5 million (first half-year 2007: CHF 58.8 million). Corresponding earnings per share increased by 6.8% to CHF 1.42. Instrumental for...
BWG Homes delivers increased revenues and strong results
Operating revenues for the 2nd quarter 2008 amounted to NOK 937 million, up NOK 81 million (9.5 %) compared to the 2nd quarter 2007 (pro forma). EBIT for the quarter was NOK 112 million, up 9.1 %, and the EBIT margin was 12.0 %.
Despite a demanding market situation, the Group increased its operating...
Land Securities sells 50% share in Empress State, Earl's Court
Land Securities announces that it has completed the sale of its holding in Empress State, Earls Court, London, to a 50:50 Joint Venture with Liberty International PLC (Liberty).
The prominent 470,000 sq. ft (43,664 m2) building is let wholly to the Metropolitan Police at a current rent of £12.27m, with...
CBRE sells Brighton Office for Morley
CBRE has represented Morley Fund Management in the sale of their freehold interest in Mocatta House, Trafalgar Place, Brighton to Invista for £8.845 million reflecting a net initial yield of 6.75%.
The office measures 3,421 sq m (36,824 sq ft) over ground and 5 upper floors, with 63 car parking spaces...
Miguel Hernández elected as Chairman of the ULI in Madrid
Miguel Hernández, Director in DJ's Madrid office has been elected as Chairman of the Madrid branch of the Urban Land Institute (ULI). His election, which was contested with some of the leading figures in the Spanish property industry, is for a period of three years, starting in September 2008.
...
Echo Investment's Bottom Line in the 2nd Quarter of 2008
Echo Capital Group closed the 2nd quarter of 2008 with net profit exceeding PLN 31 million (15% growth as compared to the 1st quarter of 2008). Net income exceeded PLN 91 million and is equivalent to earnings of the 1st quarter of year. Accrued net profit after 2 quarters of 2008 equals PLN 54 million and the value of revenues...
RICS: Lettings market shines bright in housing gloom
The rental market boomed as housing sales in July diminished, says the RICS Lettings Survey published today. New instructions (an indicator of supply) to let increased at the fastest pace in the survey's history as many would-be-sellers found that becoming a landlord is a better option than selling in the current climate.
...
Niam acquires 41 properties from Vasakronan for €750 million
Niam will purchase a portfolio of 41 properties located throughout the 5 major cities in Sweden from AP Fastigheter for €750 million. The portfolio consists mainly of properties from AP Fastigheter's acquisition of Vasakronan.
Niam has signed an agreement to acquire a portfolio of properties from AP...
AMP NZ Office Trust (ANZO), New Zealand's largest listed investor in prime commercial office property, has posted a 27.2 percent rise in distributable profit for the full year to 30 June 2008
ANZO chief executive Robert Lang confirmed that as previously signalled, the 2008 full-year gross distribution of 8.385 cents per unit is 8.0 percent higher than in 2007 and is ANZO's highest-ever gross distribution derived from operating earnings.
Mr Lang said ANZO's gross distributions have grown at...
Brixton plc 2008 Half Year Results
Brixton continues to achieve positive rental growth against a market characterised by low and declining income growth levels.
The business model we use is unrivalled: attentive customer and asset management; a dominant position in the industrial and warehousing markets of West London at Park Royal and...
Best of et rendez-vous d'ImmoTele.net
Best of et rendez-vous : http://www.immotele.net/
Colliers Albania the exclusive leasing agent for leading office project in Albania
Millennium Business Center will be eight storey Class A office building in Tirana
Colliers International Albania has announced that it will be the exclusive leasing agent for the Millennium Business Center in Tirana, the leading office project in the country.
The Millennium Business...
CBRE London Team strikes deal for ICE Futures Europe
CB Richard Ellis has closed a deal for global trading company ICE Futures Europe. CBRE acted on their behalf in acquiring the entire fifth floor of 25,226 sq ft at Milton Gate, Chiswell Street, EC2.
ICE Futures Europe is the leading fully electronic regulated futures and options exchange for global energy...
IC Increases Turnover and Operating Income, Depreciation on Real Estate Stocks Causes Mid-Year Loss
IC Immobilien Holding AG raised its turnover to 9.716 million Euros during the first semester of 2008 (compared to 9.533 million Euros for the same period last year). The decisive factor here was the continued growth in the area of property and asset management services above all. The operating profit rose from 1.482 million...
Savills enters into Joint Venture with HNA Property Group
Under the JV, the management portfolio is expected to include HNA Plaza (an 85,040 sq.m. GFA complex comprising of Marriott Hotel, office and retail, with expected completion in October 2008) and Grand China Air Building (a 42,080 sq.m. GFA office building in move-in condition).
The management portfolio...
Emaar Properties unveils eco-friendly Mushrif Heights
Emaar Properties has unveiled the eco-friendly Mushrif Heights, an integrated community focused on sustainable development features. The AED 12 billion project is the latest addition to Emaar's rich property roster in Dubai including Downtown Burj Dubai, Arabian Ranches, Emirates Living, Dubai Marina and Warsan Estate. Sale of...
Bilfinger Berger : Interim Report Q2 2008
Bilfinger Berger will once again increase earnings in full-year 2008. The reported earnings charge in Civil is countered by strong growth in the earnings contribution from the Services segment.
Very positive development of the Services business segment continues to drive the Group forward. The segment...
Asia Investments of Commerz Real Fund hausInvest global Top 1bn Euro
The acquisition of an office building in Tokyo brings the real estate investments of Commerz Real on behalf of its hausInvest global open-ended real estate fund in Asia up to a total volume of approximately one billion euros. The Asian portfolio of hausInvest global, a globally investing fund, includes office properties and...
Asteco response to media questions on Morgan Stanley's forecast for Property Values in Dubai
From our studies of the property market, our research and our continued review of property supply and demand, Asteco's comments are as follows:
We believe there are a number of factors and strong indicators in the Dubai property market that bode well for the next 18 months to 3 years during which period...
IVG sells project development Europark Fichtenhain B in Krefeld to private investor
Already prior to completion, IVG Development, IVG Immobilien AG's project developer, has placed the entirely pre-leased project development Europa Europark Fichtenhain B in Krefeld. At present a four-storey office and administration building, a two-storey connecting wing and a facility for production, service, and receiving...
Cls Holdinges PLC : sale of three properties in France
The Board of CLS is pleased to announce that its wholly owned subsidiary Citadel Holdings plc (“Citadel”) has completed the sale of three properties in France, located at 1, 15 and 21 Avenue Edouard Belin, Rueil Malmaison in a western suburb of Paris.
The corporate structures owning the properties listed...
Engel & Völkers Commercial sets sights on European cities
Engel & Völkers Commercial is continuing to realize its international expansion strategy embarked upon four years ago. The licence assignment for Portugal and the opening of a subsidiary in the Czech Republic now brings the overall number of offices both in Germany and abroad to a total of 34. “Over the
coming three...
Jones Lang LaSalle predicts Beijings future beyond the Games
The paper outlines how planners and government bodies are collaborating to achieve their objectives via incentives, land zoning, expansion of new underground lines and integration of retail into these spaces. It also highlights a clear correlation between underground expansion and residential development opportunities. Lastly,...
Deutsche EuroShop: H1 2008 with jump of revenue and earnings
Revenue during the first six months of 2008 totalled €55.2 million, representing a 21% rise year-on-year (€45.6 million). Galeria Baltycka in Gdansk and Stadt-Galerie Hameln, which opened in October 2007 and March 2008 respectively, contributed significantly to this revenue increase. Revenue from
existing properties...
NCC to build about 135 apartments in Uppsala
NCC Construction has been commissioned to build about 135 apartments at the Mjölnaren property block in Uppsala. The customer is Uppsalahem AB and the project will be implemented on a partnering basis. The order value is estimated at approximately SEK 160 million (approx. €16 mln.). The partnering process and preparations for...
TIAA-CREF Opens Office in London
TIAA-CREF Asset Management, an asset management group of TIAA-CREF, today announced the opening of a new office in London, England, TIAA-CREF's first international office. Located at 33 Cavendish Square, the office will be staffed by local investment professionals who will extend TIAA-CREF Global Real Estate's activities in...
The Dubai Mall unveils retail world's most sophisticated multimedia systems
The Dubai Mall, one of the world's largest shopping and entertainment destinations, has unveiled the retail world's most sophisticated multimedia systems ever installed in a shopping mall. Building on the premise of assuring total ‘shopper-tainment', visitors are taken on a visual journey as a combination of dynamic and static...
Catella broadens its operations and recruits new personnel
Catella Corporate Finance Sweden is broadening its operations and strengthening its organisation through a number of new recruitments in both Stockholm and Gothenburg. Catella Corporate Finance is the market leader in Sweden as regards property-related transactions and is included in Catella Financial Advisory Group.
...
Union Investment acquires retail property in Tokyo
Hamburg-based Union Investment Real Estate AG has purchased the Solado Harajuku commercial building in Tokyo's Harajuku district for its open-ended real estate fund UniImmo: Global, in a transaction worth some €91 million.
The vendor of the property, which has a rental area of 1,380 m², is a local...
Leasinvest Real Estate further expands its Luxembourg portfolio
Leasinvest Immo Lux, 96,5% subsidiary of Leasinvest Real Estate, has acquired a strategically located office project at the avenue Monterey 35 in the City of Luxembourg. By this acquisition Leasinvest Real Estate will increase its Luxembourg portfolio by almost €10 million, after completion and delivery of the project.
...
Public to be consulted on plans for £70 million development in Colmore Row Conservation Area
Henderson Global Investors' property fund management arm is to hold a two day consultation event on 21 and 22 August to gather views on a proposed £70million redevelopment scheme at 55 Temple Row, opposite St Philip's Cathedral in central Birmingham. Following feedback from the consultation process, a planning application will...
Property continues its decline, rental growth slows, IPD shows
IPD, the world-leader in commercial real estate performance analysis services, today released the results for its UK Monthly Property Index for July 2008. The Index showed all property total returns fell to -1.3% in July 2008, just slightly less than in the preceding month when all property total returns stood at -1.5%.
...
Aareal Bank Group remains on course in the 2008 financial year
Aareal Bank Group's positive development continues during the course of the 2008 financial year, despite the persistently challenging market environment. In the second quarter of 2008 the international property specialist posted operating profit of € 48 million (Q2 2007: € 53 million), after € 27 million in the first quarter of...
GPT Halverton concludes letting deal for the Dutch Active Fund in Rosmalen
GPT Halverton concluded a large letting deal for its Dutch Active Fund (DAF) at Burgemeester Burgerslaan 40 in Rosmalen, The Netherlands.
The entire office complex was let to the Dutch energy company, Essent, for a 10 year term. The Rosmalen property will become the new head office for Essent from 1st...
Northern Logistic Property ASA - Results Q2 2008
Northern Logistic Property ASA released its results for second quarter and first half year 2008.
Highlights
* Rental income NOK 91 mill (NOK 76 mill), year to date NOK 182 mill (NOK 161 mill)
* Operating income before fair value adjustments NOK 78 mill (NOK 69 mill), YTD...
DIC Asset AG with results for the first half of 2008
DIC Asset AG presented its interim report for the first half of the 2008 financial year. DIC Asset AG was once again successful in generating a stable return, in a market environment that remains challenging. Rental income was the main contributor to this result, with another strong (70 per cent) increase, to € 67.7...
One of the Great Houses of Scotland
Yester Estate, Gifford, East Lothian - superb early 18th century house of national significance in 500 acres at the foot of the Lammermuir Hills.
'It is a house that possesses an odd fascination, not easily defined, though it may be connected with its secluded, quiet site. Yester…has shunned publicity. A...
Heads of Terms signed with Logistics Buyer
XXI Century Investments Public Limited (LSE: XXIC), one of Ukraine's leading real estate investment, development and property management companies, is pleased to announce that it has signed non-binding heads of terms with a major European developer (the "Buyer") regarding the prospective sale of Company's logistics portfolio in...
RICS UK housing market survey: some realism returns to the market
The average number of transactions per surveyor fell further in July as a lack of mortgage finance continued to weigh heavily on the market. However, sales expectations have improved, driven by sellers beginning to offer more realistic asking prices says RICS' UK housing market survey.
The RICS house...
Anders Danielsson appointed new President of Skanska Sweden
Anders Danielsson appointed new President of Skanska Sweden
Anders Danielsson has been appointed new President of Skanska Sweden. He will take office immediately, thus replacing Mats Williamson who recently assumed the position of President of Skanska UK
After joining Skanska in...
Hypo Real Estate Group continues to be profitable in Q2
Hypo Real Estate Group has presented its Q2 2008 results. The highlights are:
Adjusted pre-tax profit up to €40 million compared with Q1
Core capital ratio has increased to 8.6%
CDO effects of €145 million recognized in results
High-interest and high-margin new business in...
Commerz Real steps up its real estate investments on the logistics market
For the first time ever, Commerz Real acquired a logistics property for its hausInvest europa open-ended property fund. The total investment costs equal more than €50 million. Located in Harlow, 15 km north of London's orbital, the so-called Comet project development covers a gross lettable area of about 35,300 m².
...
Emaar Misr signs MoU with The Ritz-Carlton Company LLC to manage luxury beachfront resort in Marassi
Emaar Misr for Development S.A.E, the wholly-owned country subsidiary of Emaar Properties PJSC, has signed a Memorandum of Understanding (MoU) with The Ritz-Carlton Company LLC of Chevy Chase, Md., to manage a beachfront resort in Marassi, Egypt scheduled to open in 2012. The 6 km seafront land featuring the luxury resort is...
DM Properties expands into new territory
Having established its name as a respected specialist in luxury Marbella real estate over 25 years, DM Properties is now expanding its activities to the Western Hemisphere with the launch of www.dmproperties-int.com, their brand new international property website.
What has prompted this initiative? Has DM...
The first Buddha-Bar Hotel and legendary Buddha-Bar restaurant / bar / lounge coming to Prague in December 2008
The world-famous Buddha-Bar brand, an original vision from the adventurous and inventive spirit of its founder – Raymond Visan, prepares for the launch of the first Buddha-Bar Hotel in Prague. The brand new Buddha-Bar Hotels & Resorts group strives to exceed the highest standards of a five star hotel while enhancing every...
MIPIM Horizons special keynote session with urban development expert Prof. Dr. Frauke Kraas
MIPIM Horizons announces the participation of Prof. Dr. Frauke Kraas - international expert on urban development and Director of the geography department at the University of Cologne, Germany - in a special keynote session: "Megacities and Global Change: key challenges, action models and strategic solutions" - 2 December 12:00...
The Düsseldorf office market in the first half of 2008 - Success unbroken
The Düsseldorf office market was able to continue an unbroken run of success up to the end of the first half of 2008. In these first six months around 196,000 m² of office space were let in the city, which thus sets a new half-year record. In addition around 30% (+ ca. 45,000 m²) more space found new tenants than in the same...
Emaar to host special sales event on 08/08/08
Emaar Properties is hosting an exclusive sale of eight prestigious projects from its diverse portfolio on 08/08/08 to build on the appeal of the once in a lifetime date. To be held on a first-come-first-serve basis, the sale will take place on August 8, from 8am to 12pm and 2pm to 6pm at the Royale Ballroom of The Palace, The...
GE Real Estate Promotes Mark Hutchinson to President of Newly Created GE Real Estate International Business Unit
GE Real Estate, a leading global resource for commercial real estate capital, announced today that Mark Hutchinson has been promoted to president of the newly created GE Real Estate International, covering operations in Europe and Asia.
Hutchinson has broad experience as a global business leader, most...
Bovis Lend Lease wins A$344m retail redevelopment contract
Lend Lease Corporation Limited (”Lend Lease”) today announced that its subsidiary, Bovis Lend Lease Pty Limited (“Bovis Lend Lease”), has been awarded the contract for the redevelopment and expansion of The GPT Group's (“GPT”) major regional shopping centre, Charlestown Square, near Newcastle, Australia.
...
Bouwfonds European Residential Acquires Residential Property in Berlin
Bouwfonds Asset Management and Catella Germany acquired a high yielding residential property in an affluent area of Berlin for the account of the Bouwfonds European Residential fund.
The transaction price approximates EUR 13 million. Surrounded by greeneries, the asset encompasses 235...
Henderson launches Absolute Return Fixed Income OEIC
Henderson Global Investors completes its multi-strategy fixed income offering with the launch of the Absolute Return Fixed Income OEIC on Friday 8 August. The fund which is a ‘mirror' version of its offshore absolute return fixed income fund* complements both the SICAV and global fixed income absolute return fund. The...
Sonae Sierra announces additional closing of the Sierra Portugal Fund
Sonae Sierra has concluded an additional closing of the Sierra Portugal Fund (SPF) with investments made by two clients of Aberdeen Property Investors.
The investments result in a combined gross commitment which is in excess of €55 million, corresponding to an interest of approximately 18% in the SPF....
Colliers and Vondel announce major mixed use development in Novi Sad Park City features 45,000 m2 of TBA
Colliers International Serbia and the Dutch company Vondel Capital have announced a major mixed use development in the city of Novi Sad in the province of Vojvodina. It follows the recent opening of Colliers International Serbia's Novi Sad office.
Park City is a mixed-use project, consisted of four...
Panattoni Completes Major Retrofit and Leases Duluth Office Building
Panattoni Development Company, Inc. recently completed an extensive retrofit of an 86,000 square foot office building in Duluth, Georgia. The building, known as Park Summit is located at 2675 Breckenridge Boulevard. At the time of acquisition in 2007, the building was completely vacant.
According to Greg...
Frankfurt am Main: IVG Development startet Refurbishment 'Am Hauptbahnhof 18'
After acquiring the property at the prominent location facing the Frankfurt station in February, IVG Development starts the first building phase: At first the demolishing work will take place and in September 2008 the reconstruction is going to start.
IVG Development, the project developer of IVG...
World Bank award major opportunity for international investment in Croatia, says Colliers Croatia
Croatia was named the best reformer in Europe and second best globally
The award Croatia received from the World Bank last month, in which it was named best reformer in Europe and the second best globally, is a major opportunity for Croatia to build on the already significant levels of international...
Five new properties for the ING Real Estate French Residential Fund
The ING Real Estate French Residential Fund has taken delivery of five select residential properties in prime locations across France. The newly built rental properties offer investors attractive opportunities for long-term investment returns through active management in the second-largest residential market in Continental...
Colliers Kirinda wins 2008 ULI Awards for Excellence: Asia Pacific
Colliers International's environmentally-friendly restoration of Sri Lankan village of Kirinda previously won MIPIM double
The ground-breaking project created by leading global property consultants Colliers International that reconstructed the Sri Lankan village of Kirinda after the tsunami in a...
EbiSquare – Agreements signed with investor
La Société Générale Immobilière (Suisse) L.S.G.I. is the new investor in EbiSquare. This represents a decisive milestone on the road to realising the unique shopping and entertainment complex on the outskirts of the tourist metropolis of Lucerne.
The conclusion of the agreements on 17th July 2008...
Catella acquires Property in Stockholm
The Catella Real Estate AG investment management company, a fully owned subsidiary of Catella Property Fund Management AB, just acquired an office property in Stockholm. The building is earmarked for the Focus Nordic Cities open-ended property fund. The investment volume totals approximately Euro 30 million. The building was...
Parsvnath Nanocity – 11,000 acre - India's Silicon Valley – Knowledge City
Parsvnath Developers Limited (PDL), India's leading company in real estate and infrastructure space has announced an association with Mr. Sabeer Bhatia and HSIIDC jointly promoted Nanocity Haryana Infrastructure Limited to develop a knowledge city spread over an area of 11,000 acres in Panchkula near Chandigarh. The city named...
ING Real Estate lets space at 23 College Hill, EC4
ING Lionbrook Property Fund, advised by NB Real Estate and DTZ, has let three floors at its new development at 23 College Hill, EC4.
The period building has undergone a comprehensive refurbishment programme to provide four floors of Grade A accommodation, together with a striking new reception area and...
Kungsleden divesting properties for SEK 600 m
Listed Swedish property company Kungsleden AB (publ) is selling five properties to Northern Logistic Property ASA (listed on the Oslo stock exchange). The sale is of five warehouse and logistics properties, with the largest tenants being discount retailing group Runsven AB and women's wear retailer Lindex AB. The properties are...
The Address Hotels & Resorts unveils first property in Emaar Misr's Uptown Cairo
The Address Hotels & Resorts, the newly launched 5 star premium hotel brand of Emaar Hospitality Group LLC, has unveiled its first hotel property in Egypt – The Address, Uptown Cairo. Located in Uptown Cairo, a luxury master-planned community developed by Emaar Misr for Development S.A.E, the hotel also marks the international...
Buy this book
Professional Real Estate Development: The ULI guide To The Business visit our shop
Book Description
Thoroughly updated, the second edition of Professional Real Estate Development explains the nuts and bolts of the real estate development industry. You will learn how to develop and manage five...
Halogen appointed to Europe's largest retail & leisure scheme
Halogen continues to expand its European activities bringing the skills it has successfully developed in the UK to an increasing number of new international markets
Puerto Venecia is being developed by Eurofund Investments Zaragoza S.L, a joint venture by British Land and a private investors consortium....
Sistema-Hals completes first phase of world-class film studio in St. Petersburg
Sistema-Hals JSC (LSE, MICEX, RTS: HALS), one of the leading diversified companies on the real estate market of Russia and the CIS, has announced the completion of the first phase of construction of the RWS-St. Petersburg Film Studio in St. Petersburg. The new studio will be managed by Russian World Studios, one of the leading...
DTZ to advise on the administration of Dawnay Day's property portfolios
Global property adviser DTZ has been instructed to provide valuation and strategic advice for the receivership of the property portfolios of Starlight Investments and Insureprofit, part of Dawnay Day's real estate group. The portfolios are thought to have a combined value in excess of £300 million.
...
King Sturge appointed on new business park
Bristol based developers Canynge Bicknell have instructed King Sturge alongside local agents Greenslade Taylor Hunt to market their proposed new 10 acre business park in Street, Somerset.
A planning application has recently been submitted to Mendip District Council for approximately 140,000 ft² of space...
Lones Lang LaSalle completes fit-out project for GMAC-RFC
Jones Lang LaSalle's Project and Development Services (P&DS) team has completed the base build monitoring and fit-out project management for GMAC-RFC's offices and a Data Centre in Bracknell. The 93,000 sq ft project was negotiated as a pre-let from the developer and incorporates a state of the art 5,000 sq ft Data...
Successful closing of Even Rx Properties
Even Capital has announced the successful launch of Even Rx Properties SCA.
The fund, an unlisted closed ended Luxembourg investment vehicle, has a target size of EUR 300 million. Its objective is to generate rental income and capital growth through investments in primary health care property in Germany...
Hypo Real Estate Bank AG provides €138 million financing for GREP
Hypo Real Estate Bank AG, a member of Hypo Real Estate Group has provided a €138 million financing for GREP, a Luxembourg based real estate investment vehicle advised by Even Capital, the independent and highly specialized real estate investment advisor and asset manager with headquarters in Geneva. The deal closed on 16 May...
Vastned offices/industrial sells seven properties in the Netherlands
In the context of its strategic focus on liquid office markets, the pan-European property fund VastNed Offices/Industrial has sold seven properties in the Netherlands for € 11.2 million in total.
It concerns the following properties:
Emrikweg 11 in Haarlem and Schuttevaerweg 5 in Rotterdam, and...
Simon Nelson appointed European asset manager of ProLogis European Properties
ProLogis European Properties (Euronext: PEPR), Europe's largest owner of modern warehouse distribution facilities, today announced the appointment of Simon Nelson as Head of Asset Management, with effect from 1 August 2008.
Simon, who will be based in Amsterdam, was most recently responsible for European...
Emaar Properties records first half 2008 net profits of AED 3.315 billion (US$ 0.902 billion)
With domestic property sales as the prime driver, Emaar Properties PJSC recorded first-half 2008 net profits of AED 3.315 billion (US$ 0.902 billion), a marginal growth over half-year 2007 net profits of AED 3.279 billion (US$ 0.893 billion).
Net profits in the second quarter (April to June) of the year...
Skanska sells land in Warsaw for SEK 117 M, with gain
Skanska has sold land with building rights in Warsaw. The sales price amounts to SEK 117 M. The capital gain of SEK 94 M will be reported in the third quarter. The buyer is the Canadian investment fund, Capital Park.
The land with building rights is located in Wilanow on the outskirts of Warsaw, and...
Babis Vovos : Votanikos update
BVIC S.A. received the approval of the Environmental Impact Report for the shopping mall in Votanikos from the Municipal Council of Athens. This was the final approval necessary prior to obtaining the building permit, which management expects to receive shortly. Moreover, the tenant mix is expected to be concluded by the end of...
IPD UK Pooled Property Fund Indices Q2 2008 (Sponsored by HSBC and AREF)
Pooled Property Fund Returns Continue to Fall
IPD published its UK Pooled Property Fund Indices (Sponsored by HSBC and AREF), reporting a total return fall of -5.6% in Q2, 2008, a fourth consecutive quarter of negative performance and a record decline of -19.9% on a 12-month rolling basis.
...
Growth in income from property management and good net leasing but continued write downs on properties
Income from property management for the period, i.e. net income excluding changes in value and tax, amounted to SEKm 473 (442), equivalent to SEK 2.88 (2.70) per share. The improvement is 7% and is due to higher rental income and the effect of investments made but has also been limited by increased interest rate costs.
...
Colliers International officially launches its Novi Sad office
Colliers Serbia has officially opened its Novi Sad office. Colliers hosted a news conference attended by all the important provincial media, followed by cocktails. VIP guests and speakers at the event included Igor Pavlicic, Mayor of Novi Sad, Branislav Bugarski, Director of Vojvodina Investment Promotion (VIP) fund, as well as...
MIPIM Horizons opens the doors to Eastern Europe
Five months before the first edition of MIPIM Horizons, the world's property market dedicated to fast-growing countries, nearly 3,000 sqm of exhibition space has already been confirmed by companies drawn from 23 countries. To date, 45% of this space is dedicated to Eastern European companies. MIPIM Horizons will take place...
Emaar Pakistan showcases Canyon Views homes at Dubai roadshow on July 16
Emaar Pakistan, the country subsidiary of Emaar Properties, will host a roadshow in Dubai of Canyon Views, the company's first master-planned community in Islamabad, on July 16, 2008. The roadshow offers UAE residents a one-of-its-kind opportunity to purchase elegant villas and townhomes in Pakistan. Potential customers can...
RICS: Housing activity at all time low but opportunists enter the market
The average number of transactions per surveyor fell further in June but some would-be-buyers are again showing interest in the market, says RICS' UK housing market survey published today (15 July 2008). The RICS house price balance improved slightly for the second consecutive month but still remains a significantly depressed...
Turnover and rental income up again over prior year
Marked rise in Jelmoli mid-year turnover, both per comparable sales floor area and absolute
Jelmoli Zurich turnover (including Specialty Businesses) for the first half-year 2008 was 2.5% higher than in 2007 per comparable sales floor area. Two closures due to unprofitability were more than offset by the...
Pirelli RE property in Berlin declared for UNESCO World Heritage Site
Six housing estates in Berlin, including the Wohnstadt Carl Legien owned by Pirelli RE, together with joined venture partner RREEF, have been given the status of World Heritage by Unesco
The estates built in the 1920s (Garden city Falkenberg, Schillerpark estate, Carl Legien estate, Siemensstadt estate,...
ING Real Estate appoints Richard Price as CEO of its Asian investment management business
ING Real Estate announces the appointment of Richard Price as CEO of its Asian investment management business. Mr Price brings extensive experience to the business having lived and worked in Hong Kong and Beijing between 1993 and 2000 where he gained knowledge of all aspects of the direct real estate investment and development...
Sal. Oppenheim establishes real estate investment management company and expands team
Sal. Oppenheim Real Estate has combined its activities in the area of real estate investment management in a new company called 4IP Management AG in Zurich. A focused and specialized investment management company has been hived off with 4IP (For Indirect Properties), whose team can already look back on more than two years spent...
Redevco Finland acquires second property in Oulu
REDEVCO Finland has acquired a high-street retail property in Oulu from Oulun Osuuspankki (part of the OP-Pohjola Group of independent co-operative banks) for €18.7 million. The Pekurinkulma property is in Oulu's most prominent retail location, on the corner of two prime pedestrian streets Kirkkokatu and Kauppurienkatu.
...
Union Investment acquires real estate worth €1 billion in first six months of 2008
Union Investment Real Estate AG added significantly to its property portfolio in the first six months of 2008, investing some €1 billion in a total of 18 real estate projects and properties worldwide. Additional transactions worth €250 million are also close to completion.
"We have exceeded our targets by...
TriGranit Wins CNBC Europe Property Awards 2008
The results of the CNBC Europe & Africa Property Awards 2008 have just been revealed; TriGranit Development Corporation is delighted to announce that it has won the trophy in the category of Best Development in Hungary and Poland, for the Duna-Pest Residences in Budapest and the Oak Terraces in Katowice, respectively. The...
Valad raises a $322 million for french industrial fund
• Valad raises A$158m of equity and A$164m of debt for specialist French industrial fund
• Recycles approximately A$170m of assets
• Has raised approximately A$1.7bn across 6 funds this calendar year
Valad Property Group today announced the successful first close of its new A$822...
Jones Lang LaSalle is Appointed to Advise Argent on Future Management of Kings Cross Public Realm
Argent has appointed Jones Lang LaSalle to provide property management advice on the prestigious mixed use development at King's Cross. The 67 acre brownfield site, north of King's Cross and St Pancras International station, will comprise up to 4.9 million sq ft (45,5224 sq m) of offices, some 2000 new homes and serviced...
Leasinvest Real Estate builds new branch for Cegelec
Leasinvest Real Estate ('Leasinvest') has concluded, with Cegelec SA, a a real estate leasing agreement for a fixed term of 15 years for the construction and financing of its new regional branch situated at the business park 'Alpha Campus' in Zwijndrecht (Antwerp). The completion of the building is foreseen by 31 December...
Sonae Sierra wins three more awards
Alexa, the first shopping and leisure centre developed by Sonae Sierra in Germany, has just been distinguished with the “Silver Award” at the prestigious ICSC Solal Marketing Awards 2008 in the category “Grand Opening, Anniversary, Refurbishment or Extension”, an International Council of Shopping Centres (ICSC) award....
Colliers International officially launches its Novi Sad office tod in Serbia
Colliers International, the leading international property consultancy in Serbia, and the biggest in Southeast Europe, is holding the official launch party for its Novi Sad office today. Leading figures from public life are expected to attend. The event is taking place at Hotel Park in Novi Sad at 1100 and all media are...
Official opening of Logistics Park Varna in Bulgaria
The mayor of Varna, Kiril Yordanov, and Mario Zahariev, Chairman of the Board of Directors of FairPlay Commercial, participated in the opening of the first building of Logistics Park Varna (LPV) - Building A1. This is the first operational building in the complex, offering high-quality contemporary warehouses, administrative...
Corio acquires shopping centre project in Iskenderun (Turkey)
Corio has acquired the Iskenderun shopping centre, a project of 55,000 m² GLA in the city of Iskenderun-Hatay. Iskenderun is located in the South of Turkey in the province of Hatay.
The Yayla Group and Kalyoncu are the developers of the shopping centre. The total investment in the Iskenderun shopping...
ProLogis 2008 award for Colliers International team
The ProLogis European Performance Award has been given to Colliers International's Swedish logistics team. ProLogis is the world's largest manager, owner and developer of distribution facilities. The presentation took place at the Colliers International EMEA (Europe, Middle East and Africa) conference in Copenhagen, and was...
Commerz Real Expands its Commitment in France
Office Property South-West of Paris Acquired for hausInvest europa
Total investment volume of approx. 80 million euros
Commerz Real acquired the “Cap Sud” office property in Montrouge, southwest of Paris. Only recently completed, the property is earmarked for the hausInvest europa...
Land Securities Group PLC releases its fifth annual CR report
Land Securities Group PLC releases its fifth annual CR report This year's report showcases the achievements and activities of the Group, which is the UK's largest Real Estate Investment Trust and has a £14bn commercial property portfolio.
The report features six special case studies focusing on the...
Sonae Sierra announces new development in Leiria
Sonae Sierra just started the construction of LeiriaShopping, a new shopping and leisure centre which is the result of the expansion of current SC Continente de Leiria, and is scheduled to open in the spring of 2010.
With a Gross Lettable Area (GLA) of 43,200 m2, the new Shopping and Leisure Centre...
Colliers International Poland the exclusive agent in negotiations for new Hilton in Gdansk
Colliers International Poland represented Jan Wojcikiewicz Hotele Sp. z o.o. from Gdansk in the negotiation of a franchising agreement with Hilton, one of the most well-known brands in the world.
The grand opening of Hotel Hilton Gdansk is planned for the middle of 2010. This luxurious, five-star hotel...
Emaar Properties launches sale of Spanish-styled Warsan Estate town homes
Emaar Properties will open the sale of Spanish-styled town homes in Warsan Estate, the company's newest residential development set in close proximity to Emirates Road. The spacious three-bedroom town homes range in size from 2,463 to 2,864 sq ft and are set amidst elegant gardens and landscapes.
The 3.4...
Peab builds a double track in Östergötland
Peab has been commissioned to b |
