All PropertyEU Archive articles 鈥� Page 1595
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PropertyEU Archive
Altarea boosts capital by EUR 70m
French retail specialist Altarea is to increase its equity base by EUR 69 mln after an overwhelming majority of shareholders opted for the payment of the 2011 dividend in shares.
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PropertyEU Archive
French insurer shops in Lyon for EUR 75m
French insurer Unofi Assurances has purchased the Lugdunum office building in the Part Dieu district of Lyon for a price of EUR 75 mln, excluding taxes. The vendors are Sogelym Dixence and Europequipement.
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PropertyEU Archive
Benetton family, Finnat bank buy into Beni Stabili's property management unit
The Benetton family and Banca Finnat Euroamerica Group have signed a preliminary agreement to buy a controlling stake in Beni Stabili Property Service (BSPS), PropertyEU has learnt.
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PropertyEU Archive
Guggenheim, Deutsche Bank terminate talks on RREEF
Deutsche Bank and Guggenheim Partners have ended negotiations on the potential sale of RREEF, Deutsche Bank's global alternative asset management business, after failing to reach an agreement.
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PropertyEU Archive
Echo gets green light for Budapest mall
Polish listed real estate developer Echo Investment has received permission for the construction of the Mundo shopping mall in Budapest's Zuglo district. Designed by Hungarian architectural studio B谩n谩ti + Hartvig Architect in cooperation with Studio Quadra, the scheme will combine commercial, entertainment, service, office and recreational functions. It will provide ...
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PropertyEU Archive
Gavrilov to lead CBRE Russia's research department
CBRE has announced the appointment of Valentin Gavrilov as director of the research department in Russia. Gavrilov will be responsible for the data management and analytical support of all CBRE business lines. He reports to Alexander Polenok, managing director of CBRE in Russia.
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PropertyEU Archive
HB Reavis snaps up Prague site for office development
Slovak development company HB Reavis has acquired the Metronom East development site in Prague from a group of private Austrian investors. The financial details of the transaction were not disclosed.
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PropertyEU Archive
ECE teams up with Renaissance on Russian mall
German retail specialist ECE is taking over the initial leasing and the centre management of the Aura shopping centre project in the Russian city of Yaroslavl.
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PropertyEU Archive
Cordea Savills raises EUR 31m in first close for London resi fund
Property investment manager Cordea Savills has had a first close of its Prime London Residential Development Fund following the commitment by a global private bank to provide 拢25 mln (EUR 31 mln) of initial equity. Further closings of the fund are scheduled over the next 12 months, with a second ...
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PropertyEU Archive
Property funds raise EUR 6b in May - Indirex
Property real estate funds raised $7.5 bn (just under EUR 6 bn) in global capital commitments in May, according to figures published by Indirex, an online community for non-listed real estate funds. Although 27 new fund-raising announcements were made, only 12 reported equity volumes raised.
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PropertyEU Archive
Partners Group raises EUR 630m for real estate investment
Swiss listed investment firm Partners Group has closed its Partners Group Global Real Estate 2011 programme with $800 mln (EUR 631 mln) in equity commitments.
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PropertyEU Archive
Peakside buys site for EUR 90m resi project in Berlin
European real estate private equity firm Peakside Capital has acquired a development site for a EUR 90 mln residential scheme in Berlin. Peakside carried out the transaction on behalf of its Peakside Real Estate Fund I. The financial details and the identity of the vendor were not disclosed.
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PropertyEU Archive
Savills acquires residential property agent on French Riviera
Property adviser Savills has strengthened its overseas residential network with the acquisition of Riviera Estates in the south of France. Riviera Estates has been a Savills International associate for 10 years and is one of the top luxury property agents on the Cote d鈥橝zur.
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PropertyEU Archive
Cushman & Wakefield adds to Russian advisory team
Property adviser Cushman & Wakefield has appointed Evgeny Popov and Richard Tibbott to its advisory team in Russia.
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PropertyEU Archive
Global mall development at 'all-time high' - CBRE
Global shopping centre development continues apace with growing middle class populations and retailer expansion leading to unprecedented levels of construction and new openings, largely in emerging markets, according to property advisor CBRE.
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PropertyEU Archive
Gazeley delivers new logistics centre for H&M near Madrid
Global logistics developer and investor Gazeley has completed a 36,000 m[sup]2[/sup] distribution centre for fashion retailer Hennes & Mauritz near Madrid. The build-to-suit property cost EUR 25 mln to build and has been leased to H&M for a period of 24 years.
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PropertyEU Archive
Non-listed fund returns edge up in Q1: INREV
Total returns on non-listed funds increased slightly to 0.5% in the first three months of 2012 from 0.4% in the previous quarter, according to the latest figures from the European Association for Investors in Non-listed Real Estate Vehicles INREV.
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PropertyEU Archive
Pbb, Unicredit Austria provide EUR 148m facility for CEE portfolio
pbb Deutsche Pfandbriefbank and Unicredit Bank Austria have jointly underwritten a EUR 148 mln senior facility to refinance an office, logistics and retail portfolio across Central and Eastern Europe. The portfolio is owned by Aviva Investors' Central European Property Fund (AICEPF). The transaction was closed on 6 June 2012.
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PropertyEU Archive
Deka sells London building to Zara for EUR 190m
German real estate fund manager Deka Immobilien has sold the Lumina office and retail property in London to retail chain Zara for EUR 190 mln.
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PropertyEU Archive
Curzon fund sells Berlin resi portfolio for EUR 62m
Curzon Capital Partners II (CCPII), managed by AEW Europe, has sold residential assets in Berlin for a total of EUR 62 mln. The properties were the last of the original portfolio of 29 residential buildings, totalling 750 units, which were acquired by the fund in 2005 and 2006. They have ...
