News : property

Balder to acquire three-property package from Fabege

5/17/2013 8:00 AM EST - Fabege

Fabege has divested the following properties: Skeppshandeln 1 in Hammarby Sjöstad, Murmästaren 7 on Kungsholmen and Fiskaren Större 3 on Södermalm. The buyer is Fastighets AB Balder. The divestment will take the form of the sale of companies at an underlying property value of SEK 815m.

The Skeppshandeln 1 project property is essentially fully let and is being sold while under construction, which Fabege will...

DIO appoints Crest Nicholson as Development Manager for Arborfield Garrison Re-d...

4/29/2013 8:06 AM EST - Defence Infrastructure Organisation

The Defence Infrastructure Organisation (DIO), the Ministry of Defence’s (MOD) property and services provider has selected Crest Nicholson as its Development Manager for the redevelopment of Arborfield Garrison.

Located in Berkshire, the site offers a unique opportunity to deliver a high-quality sustainable development of some 2,000 new homes, associated supporting uses and major infrastructure.

DIO previously...

Catella advised Finnkino Oy in sale and lease back transaction of Coca-Cola Plaz...

3/28/2013 8:15 AM EST - Catella - Corporate Finance

Catella has advised Finnkino Oy in the sale of the Coca-Cola Plaza in the central business district of Tallinn, Estonia, in a sale and lease back transaction. The buyer is BPT Baltic Opportunity Fund, the most recently launched real estate fund from BPT, Baltic Property Trust.
Coca-Cola Plaza is the largest combined cinema and retail complex in Estonia. Constructed in 2001, the complex has a lettable area of...

Local Sibauma Area Brazil www uv10 com 3

Brazil’s Sibauma Set to Rival Neighbouring Pipa for Upmarket Tourism

3/25/2013 3:02 PM EST - PCF

Ever since it was discovered by surfers back in the 1970s, Brazil’s Pipa has been a tourism success story. Trendy eateries, boutique hotels and world-class beaches with dolphins at play attract the wealthy élite, but local agent uv10.com says neighbouring Sibauma is now snapping at Pipa’s heels.

Samantha Gores, Sales Manager for uv10.com, says, “Despite its...

Meisho Hills Marbella www spanishhotproperties co uk 1

Marbella Confirmed as Europe’s Second ‘Greenest’ City

3/23/2013 6:09 AM EST - PCF

The European Environment Agency has released a detailed study into those European cities at high risk of urban flooding. Marbella sits second bottom of a table of 578 cities with only 22.51% of its area ‘sealed’ by buildings, concrete or tarmac – only Sweden’s Norrkoping is ‘greener’ at 21.6%.

During heavy rainfall, cities covered with impermeable surfaces are less...

Park Hyatt at Canyamel www mallorca-sothebysrealty 1

Hyatt Hotels Corporation Plans Mallorca Debut

3/21/2013 8:47 AM EST - PCF

Park Hyatt, a brand of the American Hyatt Hotels Corporation, has plans to launch in Canyamel on Mallorca’s eastern coastline. Set to open in 2015, it will be the first Hyatt-branded hotel on this Balearic Island.

As part of a management agreement with Spanish real estate development company, Cap Vermell Hotel Proyectos y...

Cutting Deals: Trends in the Manufactured Home Dealers Industry

11/19/2012 2:44 PM EST - IBISWorld

Despite a recession-induced setback, this industry continues to adapt to a more competitive housing market
By IBISWorld Industry Analyst Deonta Smith

Despite a recession-induced setback, the Manufactured Home Dealers industry continues to adapt to a more competitive housing market. To effectively compete against traditional homes, marketing strategies...

Fabege sells property on Kungsholmen

11/18/2012 9:00 AM EST - Fabege

Fabege has divested the Klamparen 10 property in Stockholm. The buyer is KLP Eiendom and the sale will take the form of a company divestment at an underlying property value of SEK 962m. The property comprises about 21,000 sqm of lettable area, primarily office space. The largest tenants are the Swedish National Agency for Education and the Swedish Civil Contingencies Agency.

The property is fully let except for 850...

SAVVY HOMEOWNERS TURN HOMES INTO HOTELS TO OFFSET RISING COST OF LIVING

11/14/2012 7:41 AM EST - Vive Unique

Inflation levels jumped to a 5 month high of 2.7% in October (significantly above the 2% inflation target) as the rising cost of living continues to hit UK families.

The Office of National Statistics also reported a sharp rise in the Retail Price Index (which includes housing costs) from 2.6% to 3.2%, as mortgage rates continue to rise. Mortgage repayments, last month, soared to a 42 month high, affecting 1.5...

New lettings in Fabege

10/26/2012 11:00 AM EST - Fabege

Fabege and ProfilHotels are jointly refurbishing and developing the Central Hotel on Vasagatan 38. The hotel is being renovated and expanded by approximately 600 sqm, and the former Restaurang Biffi will also be integrated into the hotel operation. The let space will total approximately 3,540 sqm. The new lease is for 15 years, with an annual rent of SEK 12.4m.

Fabege has also signed a 15-year lease agreement with...

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