All PropertyEU Archive articles – Page 1532

  • PropertyEU Archive

    Pbb finances Heitman deal in Warsaw

    2012-12-04T00:00:00Z

    German lender pbb Deutsche Pfandbriefbank has provided a EUR 69 mln senior facility to Heitman European Property Partners IV (HEPP IV) for the acquisition of Marynarska Business Park in Warsaw. The transaction closed on 29 November 2012.

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    Hufvudstaden invests EUR 140m in Gothenburg

    2012-12-03T00:00:00Z

    Swedish listed property group Hufvudstaden is acquiring a mixed-use property, located in the Nordstan shopping centre in central Gothenburg for SEK 1.3 bn (EUR 140 mln). The vendor is Swedish pension fund AMF.

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    Deka makes 2nd major acquisition in Warsaw

    2012-12-03T00:00:00Z

    Germany's Deka Immobilien has announced the acquisition of the International Business Center, an office and retail building, in downtown Warsaw for around EUR 148 mln. The vendor is an institutional European property fund of Munich-based GLL Real Estate Partners.

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    AXA sees more growth in loan origination in 2013

    2012-12-03T00:00:00Z

    AXA Real Estate is gearing up for a fresh round of lending in 2013 after successfully tapping the market for its debt platform in the past 12 months. The Paris-based investment manager has over EUR 2 bn to spend in the coming year after raising a total of EUR 7 ...

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    MSCI completes acquisition of IPD

    2012-12-03T00:00:00Z

    MSCI, a provider of investment decision support tools, has completed the acquisition of the Investment Property Databank (IPD).

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    Italy's Prelios appoints new CEO

    2012-12-03T00:00:00Z

    Struggling Italian real estate group Prelio has named Sergio Iasi as new Chief Executive Officer following the resignation of Paolo Bottelli in mid-November. Prelios also promoted Enrico Parazzini to deputy chairman, with a mandate to follow the development of the operation with Feidos aimed at the group's financial reorganization and ...

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    MGPA leases Milan scheme to Aviva

    2012-12-03T00:00:00Z

    European private equity group MGPA has leased the Light Building office scheme in Milan to insurance group Aviva, which intends to use the building as its new Italian headquarters.

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    BlackRock taps into growing trend in European debt market

    2012-12-03T00:00:00Z

    BlackRock’s move to launch a debt fund targeting infrastructure is part of a wider trend becoming visible in the European market. Indeed, there has been a sharp increase this year in the number of fund managers seeking to raise capital for infrastructure debt funds in Europe, according to Preqin.

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    Pylos steers Volkswagen to Brussels pre-let

    2012-12-03T00:00:00Z

    International real estate developer Pylos has secured a 2,000 m[sup]2[/sup] pre-letting agreement with Volkswagen Group Services at the E-Lite office redevelopment project in Brussels.

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    Robert Sulentic takes helm at CBRE Group

    2012-12-03T00:00:00Z

    Global property agent CBRE has announced the appointment of Robert E. Sulentic as new President and Chief Executive Officer effective from December 1, 2012.

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    Goodman's Europe chief gets global exec role

    2012-12-03T00:00:00Z

    Logistics property giant Goodman has announced two major changes to its senior management team, in a move which highlights the growing importance of Europe to the group's global development and investment platform.

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    Peugeot clinches sale-and-leaseback in the UK

    2012-12-03T00:00:00Z

    French automotive manufacturer PSA Peugeot Citroën has signed an agreement to sell and leaseback a portfolio of distribution assets in the UK to CBRE Global Investors for £30 mln (EUR 37 mln).

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    Pik extends debt with Sberbank

    2012-12-03T00:00:00Z

    Russian residential property developer PIK has reached an agreement with Sberbank, the group's largest creditor, to extend its existing debt repayment schedule with no change in interest rates.

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    PropertyEU top 32 invesment deals - October 2012

    2012-12-01T00:00:00Z

    From 1 to 31 October 2012 (€mln) - *Estimate

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    DEAL WATCH 2012: Germany Dominates

    2012-12-01T00:00:00Z

    Germany was the place to be in the final months of 2012, despite growing caution about the market’s safe-haven status Norges Bank, manager of Norway’s massive sovereign wealth fund, went marauding for prime European real estate again in early October. Not surprisingly, it chose Germany as the ...

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    Outlook 2013: Cracks Emerge In 'Le Bastion'

    2012-12-01T00:00:00Z

    Core offices remain a coveted real estate class in France, but rising vacancy rates signal an end to tightening yields A ‘recently unearthed home video of Ben Bernanke as a child’ throwing money out of the window neatly sums up the cause of the current financial crisis. ...

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    Outlook 2013: Big Squeeze For UK Retail

    2012-12-01T00:00:00Z

    Huge overcapacity in the UK retail sector will bring another year of falling values and store closures Only the most optimistic of property experts could argue that 2013 is going to be anything but tough. Finance, the lifeblood of the industry, is still only available in scant ...

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    Outlook 2013: Gearing Up For Groundhog Day

    2012-12-01T00:00:00Z

    Germany may be losing its lustre as the safe haven of Europe, but few alternative destinations can match its shine What can the European real estate industry possibly have in common with the American film Groundhog Day? That provocative question set the scene for the ...

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    Outlook 2013: Japan Regains Its Footing

    2012-12-01T00:00:00Z

    Cross-border investors should take another look at the Japanese market which has been largely overlooked since the 1989 crash Asking a Japanese person whether the country manufactures cars may seem rather naïve but that is exactly what US national Lawrence Longua, now director of the New York ...

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    PROPERTYEU MAGAZINE: Outlook 2013 Turkey

    2012-12-01T00:00:00Z

    Retail is not the only property sector with potential in Turkey, but foreign investors need to do their homework first.