All PropertyEU Archive articles – Page 1591

  • PropertyEU Archive

    C&W picked to sell Moscow office scheme

    2012-07-03T00:00:00Z

    Agent Cushman & Wakefield has won the exclusive mandate to sell an office complex in Moscow.

  • PropertyEU Archive

    Segro acquires French logistics package for EUR 161m

    2012-07-02T00:00:00Z

    Listed industrial property group Segro said on Monday it has agreed the acquisition of a portfolio of eight prime French logistics estates for EUR 161 mln (£130 mln) from Foncière Europe Logistique, a subsidiary of Foncière des Régions.

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    Henderson to launch EUR 200m German logistics fund with Palmira Capital

    2012-07-02T00:00:00Z

    Henderson Global Investors said on Monday it is engaging with investors on the launch of a German Logistics Fund, a ‘Spezialfonds’ aimed at German and Austrian institutional investors.

  • PropertyEU Archive

    CBRE to market 4-star hotel in the UK

    2012-07-02T00:00:00Z

    CBRE Hotels EMEA has been appointed as the exclusive agent to sell the Crowne Plaza Marlow in Buckinghamshire in the UK. The freehold, four-star hotel offers 168 bedrooms and is situated close to the Thames Valley town of Marlow.

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    NSI completes sale of 70% of Swiss portfolio

    2012-07-02T00:00:00Z

    Listed property firm NSI completed the sale last week of the vast majority of its Swiss holdings for a total of CHF 94.5 mln (EUR 79 mln), as part of its strategy to focus on the Benelux markets.

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    Prelios sells German residential units for EUR 93m

    2012-07-02T00:00:00Z

    Italian listed property group Prelios said on Monday that its Resident Berlin 1P&K joint venture has signed a contract to sell 1,503 residential units to an unnamed German institutional investor. The transaction, totalling EUR 93 mln, generates a book gain of EUR 10 mln for Prelios, the company said.

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    Dutch pension fund appoints Almazara as portfolio manager

    2012-07-02T00:00:00Z

    Pensioenstichting Transport (PST), the corporate pension fund for DHL Netherlands and other Dutch Deutsche Post subsidiaries, has appointed Almazara Real Assets Advisory as its advisor, with specific responsibility for portfolio management of its non-listed real estate investments.

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    Redevco sells Turkish business to Blackstone

    2012-07-02T00:00:00Z

    Independent retail property specialist Redevco has sold its Turkish business to US private equity firm Blackstone as part of its retreat from emerging markets to focus more sharply on key markets in western and central Europe. The parties declined to disclose financial details, but PropertyEU puts the price at around ...

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    Real IS sets up new branches in Paris, Sydney

    2012-07-02T00:00:00Z

    Munich-based fund manager Real IS has established two new subsidiaries - one in Paris, France and the other in Sydney, Australia - following the strong growth of its portfolios in these two countries, CEO Jochen Schenk told PropertyEU. In France, Real IS now has assets under management totalling EUR ...

  • PropertyEU Archive

    Cornerstone links up with Laxfield on European lending business

    2012-07-02T00:00:00Z

    Cornerstone Real Estate Advisers has picked debt specialist Laxfield Capital to originate and manage loans on Cornerstone’s behalf in the UK, the companies announced today. The appointment is in line with Cornerstone’s strategy of extending into Europe its US commercial real estate debt platform, which originated more than $4 bn ...

  • PropertyEU Archive

    C&W strengthens retail team in Czech Republic

    2012-07-02T00:00:00Z

    Cushman & Wakefield has expanded its 200-strong European retail team with the appointment of Miluse Kafkova as head of its retail asset management teams in the Czech Republic and Slovakia.

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    Deka sells office in Dortmund

    2012-07-02T00:00:00Z

    German open-ended fund manager Deka Immobilien has sold an office property in Dortmund to investment company Aachener Grundvermögen Kapitalanlagegesellschaft. Financial details were not disclosed.

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    Berlin Hyp advises investors to refinance ‘today, not tomorrow’

    2012-07-01T00:00:00Z

    Some European real estate investors are still too optimistic about future lending terms, according to Assem El Alami, head of marketing property financing outside of Germany at Berlin Hyp/Landesbank Berlin. ‘The advice I give to our clients is to do your refinancing today, not tomorrow,’ he said during a presentation ...

  • PropertyEU Archive

    US investors want ‘skin in the game’

    2012-07-01T00:00:00Z

    European fund managers keen to attract US investors must offer transparency and alignment, Derek Williams, head of private real estate at Russell Investments told the annual IPD conference held in Frankfurt last week.

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    Czech H1 investment volumes plummet: CBRE

    2012-06-29T00:00:00Z

    Real estate investment volumes in the Czech Republic plunged 75% to EUR 183 mln in the first half of 2012 compared to H1 2011, according to preliminary figures from CBRE. Compared with the second half of 2011, volumes were down 87%.

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    Prologis to wind up EUR 2.5b PEPR fund

    2012-06-29T00:00:00Z

    Prologis, the global industrial property specialist, has begun the formal process of winding up its listed and externally managed fund which owns more than EUR 2 bn of assets in Europe. Prologis indicated it will take ownership of the Prologis European Properties (PEPR) properties and assume responsibility for its liabilities ...

  • PropertyEU Archive

    Henderson to expand Swindon designer outlet by 4,650 m2

    2012-06-29T00:00:00Z

    Henderson Global Investors, on behalf of its Swindon designer outlet centre, has submitted a planning application for the development of more than 50,000 sq ft (4,650 m2) of new retail and catering space at the centre, representing an investment of £35 mln (EUR 43 mln).

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    VIB Vermögen acquires Nuremberg asset for EUR 27m

    2012-06-29T00:00:00Z

    Munich-listed property firm VIB Vermögen has acquired an 85,282 m[sup]2[/sup] office and logistics asset in the German city of Nuremberg for just under EUR 27 mln. The property is 91% let. The vendor was not identified.

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    Prupim buys office building in Bristol for EUR 32m

    2012-06-29T00:00:00Z

    Prupim, the real estate investment arm of financial services group Prudential, has acquired the Temple Circus Building in Bristol for £26 mln (EUR 32.5 mln).

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    Knight Frank markets prime Dublin office at 9.4%

    2012-06-29T00:00:00Z

    Agent Knight Frank has been hired to market a prime office building and adjoining multi-storey car park in Dublin city centre’s International Financial Services Centre for a price over EUR 28 mln, representing a net initial yield of 9.4%.