All PropertyEU Archive articles – Page 1218
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PropertyEU Archive
Unibail-Rodamco raises outlook after 8.3% profit rise in 2014
Unibail-Rodamco, Europe’s largest listed commercial property company with €35 bn of assets, reported net profit increased by 8.3% to €1.07 bn in 2014 from €986 mln a year earlier.
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PropertyEU Archive
Citycon buys €75m Danish mall project at 6.25% yield
Nordic listed retail specialist Citycon has expanded its presence in Denmark with the acquisition of the Straedet mall project in Copenhagen from local developer TK Development in a forward-funding deal expected to be worth €75 mln.
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PropertyEU Archive
Deka sells Birmingham office for €32m
Deka Immobilien has sold an 5,900 m2 office in Birmingham for €32 mln.
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PropertyEU Archive
Allianz appoints new CIO after Pridgeon's departure
Allianz Real Estate has appointed Olivier Téran as chief investment officer following the departure earlier this month of former investment head Charles Pridgeon.
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PropertyEU Archive
Gazit-Globe's Atrium appoints new CFO
Atrium European Real Estate, the CEE listed retail specialist controlled by Israel's Gazit-Globe, has appointed Ryan Lee as its new group chief financial officer.
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PropertyEU Archive
Japanese investor buys Berlin mall
Nis Arb Edo, a Japanese investment company backed by institutional equity, has acquired the Stilwerk shopping centre in Berlin from Dutch asset manager Amelia Asset 1 for an undisclosed amount.
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PropertyEU Archive
Internos JV seeks to bring institutional investors to UK resi market
Internos Global Investors has formed an alliance with Catalyst for Homes (C4H), a community interest company, to explore the formation of a range of investment vehicles that will enable institutions to invest in the UK residential rented market.
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PropertyEU Archive
APG invests €155m in new JV for Australian student housing
Dutch pension fund asset manager APG has entered into a joint venture with a UK developer to build high-end student accommodation in Australia.
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PropertyEU Archive
Neinver and Colony target €200m at European logistics
A joint venture between Spanish mall operator Neinver and US private equity group Colony Capital has acquired a portfolio of 16 logistics sites in Spain and Portugal in a sale-and-leaseback transaction.
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PropertyEU Archive
European investment at highest level since 2006
Investment in European real estate is at its highest level for eight years, according to the latest research published by CBRE.
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PropertyEU Archive
Qataris to take control of Canary Wharf for €3.5b
Qatar Investment Authority (QIA) and North American investor Brookfield Property Partners have won the long-running battle for control of the 730,000 m2 Canary Wharf office estate in London for £2.6 bn (€3.5 bn).
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PropertyEU Archive
WP Carey acquires UK auto trade portfolio for €308m
Sale-and-leaseback specialist WP Carey has acquired a portfolio of 73 car dealerships across the UK for £230.5 mln (€308.5 mln).
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PropertyEU Archive
L&G, Dutch pension fund launch €500m London office JV
Legal & General Capital and Dutch pension fund manager PGGM have launched a £375 mln (€500 mln) joint venture focusing on London offices.
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PropertyEU Archive
TwentyTwo RE refinances French portfolio for €794m
Powerhouse France, an investment vehicle managed by TwentyTwo Real Estate, has completed a €793.5 mln refinancing of its portfolio of more than 7,000 French residential properties.
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PropertyEU Archive
Rockspring, Verdion buy Berlin airport site for €85m logistics project
Rockspring Property Investment Managers has completed the purchase of 16 hectares of fully serviced logistics development land immediately north of the current Schönefeld airport in Berlin.
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PropertyEU Archive
UK players take early lead in dealmaker rankings
M&G Real Estate and L&G Property – investors linked to two major UK insurers – have taken an early lead in PropertyEU’s provisional ranking of 2014 top dealmakers in European real estate.
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PropertyEU Archive
M&G Real Estate forward-funds UK warehouse project
M&G Real Estate is acquiring a 72,500 m2 distribution warehouse in the UK in a forward-funding deal with the developer IM Properties. The investment volume of £81 mln (€108 mln) reflects a net initial yield of 5.14%.
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PropertyEU Archive
Blackstone acquires 160,000m2 of German logistics
Blackstone Real Estate Partners Europe IV has acquired three assets totalling 160,000 m2 in Germany for its European logistics company, Logicor.
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PropertyEU Archive
Prologis Europe reports almost €1b of acquisitions in 2014
Prologis Europe is poised to shift its focus to southern Europe for acquisitions of existing logistics assets after buying almost €1 bn of new assets in 2014, the company’s president Philip Dunne told PropertyEU in an interview.
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PropertyEU Archive
Blackstone, senior management sell Valad Europe for €145m
Australia's Cromwell Property Group has acquired Valad Europe from senior management and Blackstone for €145 mln. The purchase price reflects an EBITDA multiple of approximately 6.4 times.


