All PropertyEU Archive articles – Page 1593
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PropertyEU Archive
British Land acquires printing works site in London
UK REIT British Land said it has reached provisional agreement to acquire the Harmsworth Quays printing works site at Canada Water in Southeast London from The Daily Mail General Trust (DMGT). The purchase price was not disclosed. The transaction is due to go unconditional in July 2012.
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PropertyEU Archive
Anglophone countries top JLL transparency index
The US ranks as the world's most transparent real estate market, followed closely by the UK and Australia, according to Jones Lang LaSalle's Global Real Estate Transparency Index for 2012.
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PropertyEU Archive
Deka buys office asset in Bordeaux
German open-ended fund manager Deka Immobilien has acquired an office asset in Bordeaux from a joint venture between French developers Groupe Soline and Groupe Deret. The purchase price was not disclosed.
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PropertyEU Archive
Commerzbank to wind down property lending business
Germany's Commerzbank plans to pull out of commercial real estate financing altogether as part of an accelerated shift towards more profitable core activities. The move marks a reversal of the state-backed bank's original plan to group its real estate and ship finance activities in a new unit and integrate it ...
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PropertyEU Archive
Henderson buys retail warehouse in Germany
Henderson Global Investors has acquired a 27,500 m[sup]2[/sup] retail warehouse in Karlsruhe, Germany from the Metro Group for an undisclosed price. The asset was bought for Henderson's German Retail Income Fund.
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PropertyEU Archive
CitizenM opens first hotel in London
Dutch hotel group CitizenM will open the doors of its first hotel in London on 4 July. The 192-room hotel is located on Bankside in the vicinity of the Tate Modern Museum, the Globe Theatre and the Millennium Bridge.
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PropertyEU Archive
Prologis signs 33,000 m[sup]2[/sup] of new leases in Germany
Industrial property owner and operator Prologis has signed two lease agreements totalling around 33,055 m[sup]2[/sup] in Germany.
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PropertyEU Archive
Meyer Bergman holds first close for EUR 1.2b retail fund
European fund manager Meyer Bergman has secured around EUR 130 mln of equity at the first close of its second retail property fund, a market source told PropertyEU.
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PropertyEU Archive
Redevco sells in Glasgow for EUR 18m
European private retail property group Redevco has sold the freehold of 78-92 Argyle Street in Glasgow to a fund managed by Scottish Widows Investment Partnership (SWIP).
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PropertyEU Archive
UFG Real Estate sells EUR 38m office complex to Sponda
UFG Real Estate has divested the Bakhrushina House office building in downtown Moscow to Finnish investment group Sponda for $47 mln (EUR 38 mln).
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PropertyEU Archive
Italy's GCI links up with BNP Paribas on EUR 700m fund
The Italian arm of BNP Paribas REIM has signed an agreement with Auchan's Gallerie Commerciali Italia to launch a EUR 700 mln closed-end investment vehicle, Prime Shopping Value.
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PropertyEU Archive
Investors in Kanam US-grundinvest await final statement
Unit holders in Kanan's US-grundinvest fund which has been virtually wound down can expect cumulative and largely tax-free returns on their investment of 48.8% during the entire nine-year term of the fund, Kanam said on Tuesday.
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PropertyEU Archive
Sonae Sierra beefs up presence in Morocco
International shopping centre specialist Sonae Sierra has strengthened its presence in Morocco with the signing of its second service provision contract in the country.
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PropertyEU Archive
Brussels seeks development partners for massive Neo scheme
Local and regional authorities in Brussels have launched a search for development partners for the 300,000 m[sup]2[/sup] Neo Brussels mixed-use project.
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PropertyEU Archive
Wölbern Invest buys Paris office for latest French fund
Hamburg-based fund manager Wölbern Invest has acquired an office property in Paris for its new closed-end French office fund Frankreich 05. The investment volume amounts to EUR 170 mln.
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PropertyEU Archive
La Française REM buys office project in Lille
French fund manager La Française REM has acquired an office project in the new Euralille district of Lille from developer Nexity. Financial details were not disclosed.
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PropertyEU Archive
Goodman gets go-ahead for new project at Hatfield
Industrial property and business space provider Goodman has secured full planning consent for the development of a major new facility at Hatfield Business Park.
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PropertyEU Archive
'Qatar secures EUR 1b of French property'
Qatari sovereign wealth fund QIA has reportedly completed the acquisition of the central Paris office building Neo, which houses a section of the US embassy and French national newspaper Le Figaro, for EUR 300 mln.
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PropertyEU Archive
Swedish insurer buys Malmö hotel project for EUR 102m
The real estate arm of Swedish insurance group AFA Försäkring has acquired a hotel and conference project in Malmö for at least SEK 900 mln (EUR 102 mln). The hotel is part of the Malmö Kongress scheme being developed by Skanska, the Stockholm-listed construction and development group.
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PropertyEU Archive
GTC raises EUR 104m in rights issue
Warsaw-listed Globe Trade Centers has increased its share capital by PLN 445 mln (EUR 104 mln) through a rights issue, which was more than two times oversubscribed. The company said the issue is part of its strategy to deleverage and increase its liquidity.


