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Articles

European Retail Investment Sees Strongest Quarter Since 2007

European retail investment saw a record quarter in Q4 2012, with activity increasing to €13.5 billion, 50% up on quarterly average over the last three years.

Billion-forint investment in Alkotás Point - Change of owner, complete rejuvenation of award-winning office building

The new owner of Alkotás Point is investing the record sum of almost HUF 1 billion in a series of major development projects in 2012 and 2013. The Chicago-based investment manager Heitman, which purchased the office building last January thru its Hetiman European Property Partners IV fund (HEPP IV), has forged ahead with the building’s reconstruction and the incorporation of environmentally friendly solutions despite the economic crisis. The improvements to this complex of buildings, also known as the western gateway of Budapest, will continue in 2013.

Prologis Forms €2.4 Billion Joint Venture with Norges Bank Investment Management in Europe

New Venture Seeded with 4.5 Million Square Metre Prologis Class-A Portfolio; Completes European Recapitalization Ahead of Schedule Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced the signing of a definitive agreement to form Prologis European Logistics Partners Sàrl, a euro-denominated joint venture. The venture will acquire a portfolio of high-quality distribution facilities wholly owned by Prologis in 11 target European global markets.

AFI Europe posts €19.1m in revenues for first nine months

AFI Europe brought in €19.1m in rent from AFI Palace Cotroceni for first nine months of 2012, an increase of 10 percent compared with the same period last year.

Rott Haus invests in two micro-power plants

Rott Haus Consulting invested €2.5m in two micro-hydropower plants near Cugir in Romania’s Alba county.

KFC opens restaurant at Electroputere Parc

KFC opened its second restaurant this month in the city of Craiova at the Electroputere Parc shopping center.

Lidl opens stores in Cluj and Galati

Lidl opened two new locations in the cities of Cluj and Galati, expanding its regional network to 154 stores.

Cora to open fourth Bucharest location

The retailer Cora Romania, owned by Louis Delhaize group, will open a new hypermarket in Bucharest on Tuesday.

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Adina Camara

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