All PropertyEU Archive articles – Page 1151
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PropertyEU Archive
US REIT NorthStar closes €540m Frankfurt Trianon tower deal
US REIT NorthStar Realty Finance has finalised the acquisition of the iconic Trianon office tower in Frankfurt for €540 mln, reflecting a yield of 8%.
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PropertyEU Archive
DTZ adds to valuation team in Hungary
International real estate advisor DTZ has hired Gáspár Kubinyi as senior surveyor in its valuation department in Hungary.
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PropertyEU Archive
Pbb debuts on stock exchange, IPO priced at bottom of range
German lender Deutsche Pfandbriefbank (PBB) made its debut on the Frankfurt stock exchange on Thursday with a price of €11.45 a share, up 6.5% on the issue price.
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PropertyEU Archive
COMMENT: Letter from London
Columnist and author Peter Bill comments on the remuneration of top real estate executives in the UK; Transport for London's new office which is being built near Queen Elizabeth Olympic Park; and clever Scottish fund managers.
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PropertyEU Archive
German resi market books record €17b sales in H1 2015
Germany’s residential market posted record half-yearly figures of €17.2 bn in the first six months of 2015, more than double the volume for the same period in 2014, according to research by NAI apollo.
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PropertyEU Archive
Italy's Beni Stabili sells Milan hotel for €101m
Italian REIT Beni Stabili has finalised the sale of the Boscolo hotel in Milan's Corso Matteotti 4 to an unnamed buyer for a price of €101.5 mln.
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PropertyEU Archive
ING arranges €109m loan finance for TH Real Estate JV
ING has agreed to underwrite two loans totalling €109 mln to finance the acquisition of two Polish retail assets by a joint venture of TH Real Estate and Neinver.
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PropertyEU Archive
DREF buys student residence in Kiel for €20 mln
Deutsche Real Estate Funds (DREF) has acquired a student residence in the northern German university city of Kiel with a market value of €20 mln.
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PropertyEU Archive
Warburg-HIH buys Berlin office project for €50m
Warburg-HIH Invest Real Estate has signed the acquisition of the first phase of the Palais Behrens project in Berlin from a joint venture of Frankonia Eurobau, and life insurers Provinzial NordWest, Westfälische Provinzial Versicherung and SV Sparkassen Versicherung.
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PropertyEU Archive
Vacancy rates in Moscow shopping centres at 7% and rising
Vacancy rates in Moscow shopping centres have risen to 7% as the turbulence in the Russian economy begins to filter through to consumer spending, according to Colliers International.
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PropertyEU Archive
Citycon offloads Finnish grocery stores for €76m
Nordic shopping centre specialist Citycon has disposed of a portfolio of 13 grocery stores in Finland for around €76 mln.
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PropertyEU Archive
Union Investment to bankroll prime Dublin office development
Union Investment is to forward fund the development of Burlington House, Dublin’s largest new speculative office building.
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PropertyEU Archive
COMMENT: Somewhere between a rock and a hard place
There is no getting away from the fact that increased competition, and substantially higher costs, will have an important bearing on the competitive landscape for real estate lending in Europe going forward, writes Joe Valente, European head of research for real estate at JP Morgan Asset Management in a commentary.
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PropertyEU Archive
IVG IF inks first club deal in UK with London office buyer
Germany's IVG Institutional Funds (IVG IF) has acquired an office property at 11 Baker Street in London from AUB (Baker street) Development Ltd, a subsidiary of Bahraini bank Ahli United.
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PropertyEU Archive
Secure Trust Bank launches €140m UK conversion fund
Secure Trust Bank has launched a £100 mln (€140 mln) property fund focused on the conversion of commercial to residential assets.
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PropertyEU Archive
Derwent London buys vacant London office for €185m
Derwent London has exchanged contracts to buy the freehold of Aldgate Union in London's Whitechapel High Street E1, from the Royal Bank of Scotland for £132 mln (€185 mln).
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PropertyEU Archive
€200m London resi tower sells out in 4 hours, says developer
Maine Tower in London’s Canary Wharf, a 41-storey resi tower by Galliard Homes in joint venture with Cain Hoy and Frogmore, has sold out off plan in just four hours after the launch of the development.
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PropertyEU Archive
Corestate JV to invest €432m in Vienna resi project
Swiss investor Corestate Capital is joining forces with Austrian partner Soravia Group to develop four high-rise buildings in Vienna representing a total investment volume of €432 mln.
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PropertyEU Archive
McAleer & Rushe sell UK regional hotel portfolio for 6.9% yield
UK construction firm McAleer & Rushe has sold a regional portfolio of Jurys Inn hotels to four separate purchasers for £80 mln (€112 mln), reflecting a blended net initial yield of 6.9%.
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PropertyEU Archive
Tristan sells German office assets for €70m
A fund advised by Tristan Capital Partners has sold six office properties in Germany to investors including US group Ares for €70 mln.


