All PropertyEU Archive articles 鈥� Page 1581
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PropertyEU Archive
IVG reduces debt by further EUR 200m
Germany's listed property group IVG Immobilien is repaying EUR 200 mln of debt following the transfer of seven caverns to the IVG Cavern Fund.
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PropertyEU Archive
FdM signs EUR 228m in new financing
Fonci猫re des Murs, a subsidiary of Fonci猫re des R茅gions, has signed two financing agreements for a total of EUR 228 mln, thereby refinancing all of its 2013 maturities.
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PropertyEU Archive
Pbb provides EUR 32m refinancing for London portfolio
German lender pbb Deutsche Pfandbriefbank has provided a refinancing facility of 拢25 mln million (almost EUR 32 mln) to subsidiaries of UK investor O&H Holdings.
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PropertyEU Archive
CeGeREAL restructures EUR 400m debt with four banks
French office REIT CeGeREAL has secured EUR 400 mln in financing to replace its bank loan due in March 2013. The lending consortium consists of German groups Aareal Bank, Bayern LB, pbb Deutsche Pfandbriefbank and Landesbank Berlin / Berlin Hyp.
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PropertyEU Archive
Tishman Speyer inks EUR 472m refinancing for Paris scheme
Tishman Speyer has signed an agreement to restructure the EUR 472 mln mortgage loan on the Lumi猫re building in Paris with bank BNP Paribas and a consortium of French insurers composed of Cardif, CNP and Predica.
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PropertyEU Archive
London & Stamford gets EUR 80m loan for UK deals
London & Stamford Property has financed two recent office acquisitions, Marlow International and Unilever House, with a five-year 拢62 mln (EUR 80 mln) senior debt facility from DekaBank Deutsche Girozentrale and Deutsche Postbank, the company said on Monday.
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PropertyEU Archive
Barclays funds major Aberdeen business park
Barclays has announced the provision of a 拢52 mln (EUR 67 mln) debt package for Drum Property Group to build the first phase of Aberdeen鈥檚 Grade-A business park for the oil and energy sector.
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PropertyEU Archive
EMEA dents CBRE鈥檚 strong global performance
CBRE, the world鈥檚 leading real estate advisory firm, booked double-digit revenue and income growth over the second quarter of 2012, despite a weaker performance at its EMEA unit.
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PropertyEU Archive
Unibail-Rodamco completes Mfi deal in Germany
Paris-based Unibail-Rodamco has announced the closing of its acquisition of a controlling stake in Mfi, second-largest shopping centre developer-owner in Germany from global asset manager Perella Weinberg Partners.
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PropertyEU Archive
Cornerstone enters European property lending
Cornerstone Real Estate Advisers has entered the European real estate lending market by providing a 拢83 mln (EUR 105 mln) refinancing secured against two prime central London assets. The facility was provided to central London REIT Derwent London.
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PropertyEU Archive
Wind-up costs and disposals dent PEPR earnings
ProLogis European Properties (PEPR) recorded an IFRS loss of EUR 6.4 mln for Q2 2012 due to higher valuation declines, lower rental income and a EUR 1.3 mln provision for costs associated with the wind-up of the company. As a result, the Amsterdam-listed company booked a first-half IFRS loss of ...
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PropertyEU Archive
Pbb, DekaBank finance Tristan's logistics deal
German banks pbb Deutsche Pfandbriefbank and DekaBank Deutsche Girozentrale have financed the acquisition of a German logistics portfolio by London-based investment manager Tristan Capital Partners for its Pan European fund Curzon Capital Partners III.
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PropertyEU Archive
Redefine settles German portfolio debt via sale
Redefine International, a real estate company with listings in London and Johannesburg, has reached an agreement to restructure the EUR 117 mln in financing facilities for its VBG portfolio in Germany.
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PropertyEU Archive
King Sturge takeover lifts JLL EMEA
Jones Lang Lasalle reported a 9% rise in consolidated revenue in the second quarter of 2012 to $921 mln (EUR 749 mln), thanks largely to a stronger EMEA performance driven by the takeover of King Sturge in 2011. But although income more than doubled for the EMEA operations, overall net ...
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PropertyEU Archive
Sonae Sierra's net result drops to EUR 3m in H1 2012
International shopping centre specialist Sonae Sierra has seen its net result drop by nearly 80% in the first half of the year, largely as a result of yield expansion in Europe.
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PropertyEU Archive
Irish sell almost EUR 700m of UK property in H1 2012
Irish investors sold almost EUR 700 mln of commercial real estate in the UK during the first half of 2012, according to data compiled by CBRE. The property adviser tracked 22 transactions totalling 拢545 mln (EUR 689 mln), with 84% of the sales in Central London.
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PropertyEU Archive
GPR 250 Europe Index closes 7% higher in July 2012
European listed real estate - as represented in the GPR 250 Europe Index - closed 7% higher in July 2012, with only the Dutch sector showing a loss (-1%). Returns, expressed in euros, for the individual European country indices were as follows:
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PropertyEU Archive
Commerz Real sells stakes in Canadian malls for EUR 413m
German real estate investor Commerz Real has sold its 50% interests in four shopping centres in Canada to its joint venture partner Ivanho茅 Cambridge for CA$508 mln (about EUR 413 mln).
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PropertyEU Archive
Wereldhave confirms Dirk Anbeek as new CEO
Amsterdam-listed real estate company Wereldhave has confirmed Dirk Anbeek as its CEO and announced the departure of the country heads of its US and UK businesses.
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PropertyEU Archive
Lenders key faith in Polish prime real estate
Two financing deals totalling EUR 200 mln during July underscore how the traditionally conservative and risk-averse Polish real estate lending market remains relatively buoyant, at least relative to many of its European peers.
