All PropertyEU Archive articles – Page 1308
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PropertyEU Archive
Beni Stabili seeks buyer for heavily-discounted Italian package
Rome-based asset manager Beni Stabili Gestioni Sgr has launched the disposal of a value-add portfolio of five office and logistics properties for a 30% discount to the assets’ acquisition price before the financial crisis, PropertyEU has learned.
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PropertyEU Archive
Hoang loses latest round in Tour Eiffel takeover bid
Businessman and professional poker player Chuc Hoang has failed in his latest attempt to block a rival bid in the protracted shareholder battle for control of €700 mln Paris office REIT Société de la Tour Eiffel (STE).
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PropertyEU Archive
Schroders closes purchase of Manchester office tower
Three vehicles managed by Schroder Property Investment Management have completed the acquisition of the highest skyscraper in Manchester for £132 mln (€161 mln).
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PropertyEU Archive
‘Remarkable’ improvement in lenders’ sentiment – DTZ survey
Lenders to European commercial real estate are much more optimistic than they were a year ago as they become less averse to risk and their workout of legacy loans nears its end, according to DTZ’s latest Money into Property report.
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PropertyEU Archive
Segro gets green light for hotel and spec industrial unit in Uxbridge
European listed logistics specialist Segro has secured planning consent for 501 Riverside Way, a 37,240 sq ft (3,460 m2) pre-let hotel with adjoining restaurant, together with a speculative 26,430 sq ft industrial unit.
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PropertyEU Archive
Aareal Bank provides £300m financing for two UK hotels
Aareal Bank provided a £300 mln (€372 mln) loan to Metropole Hotel Holdings for the refinancing of two Hilton Metropole Hotels in London and Birmingham.
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PropertyEU Archive
CBRE GI adds Polish mall to its basket at 7.9% yield
The European Shopping Centre Fund (ESCF), managed by CBRE Global Investors, has acquired a shopping centre in the central Polish city of Plock at a yield of 7.9%.
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PropertyEU Archive
US Fortress exits Gagfah investment in €740m deal
US private equity firm Fortress Investment Group has ended its 10-year holding in German listed real estate firm Gagfah by selling over 60 million shares for around €740 mln ($986 mln).
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PropertyEU Archive
Northwood acquires Four Seasons in Prague
Northwood, a global real estate investor established by a former CEO of Blackstone Real Estate, has acquired the Four Seasons Hotel in Prague from international real estate private equity group Avestus Capital Partners.
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PropertyEU Archive
Fund manager Genesta gains AIFM status
Nordic real estate fund manager Genesta has gained AIFM (Alternative Investment Fund Manager) status in Luxembourg, allowing it to raise equity across the European Union.
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PropertyEU Archive
La Française hires ex-DTZ AM boss to run new value-add JV
Paris-based asset manager La Française is creating a new platform dedicated to managing French value added and core/core plus mandates for institutional investors.
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PropertyEU Archive
UPDATE: Commerzbank portfolio sale is biggest deal of its kind this year
Commerzbank's sale of three loan portfolios in Spain, Portugal and Japan for a combined total of €5.1 bn marks the biggest deal of its kind this year.
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PropertyEU Archive
Confidence boosts LTVs in UK property lending: Laxfield
Improving confidence in the UK commercial property market has led to an increase in average loan-to-value ratios, which stand at 58% for the last two quarters, a new report has found.
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PropertyEU Archive
Cross-border investors drive liquidity to new record – DTZ survey
International investors pushed transaction volumes and liquidity levels in Europe to a new post-crisis record in 2013, according to DTZ’s Money into Property report released on Thursday.
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PropertyEU Archive
Read the June edition of PropertyEU Magazine online
The June 2014 edition of PropertyEU Magazine is out now. Subscribers can read the online, searchable version by clicking [link="here"]http://www.propertyeu.info/products/monthly-magazine/latest-edition/default.asp?guid=e41de4787f404ea093ddc1d3049c0148[/link]. [link="CONTENTS"]http://www.propertyeu.info/peu_storage_blocks/PEU14-MA05-004-CONTENTS.pdf[/link] (PDF)
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PropertyEU Archive
France's FdM makes first foray in the Netherlands
Foncière des Régions' hospitality arm Foncière des Murs has made its first acquisition in the Netherlands with the purchase of the four-star NH Amsterdam Centre hotel from NH Hotel Group for a total of €48 mln, including transfer taxes.
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PropertyEU Archive
Galeries Lafayette sign up for Westfield Milan
Galeries Lafayette, France's largest department store, has chosen the giant Westfield Milan shopping centre project for its second European store outside of its home market.
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PropertyEU Archive
Helical Bar goes higher, raising €124m
UK investment firm Helical Bar reached its upper target in Wednesday's bond issue, raising £100 mln (€124 mln) of senior, unsecured guaranteed convertible bonds, due in 2019.
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PropertyEU Archive
Union Investment continues Asian expansion with €127m deal
Hamburg-based asset manager Union Investment Real Estate has bought a Tokyo office block for €127 mln.
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PropertyEU Archive
Pramerica and AP3 form €265m German retail JV
Pramerica, the real estate investment arm of NYSE-listed Prudential, has teamed up with Swedish pension fund AP3 in a German retail joint venture.


