All PropertyEU Archive articles – Page 1611

  • PropertyEU Archive

    Chelsea FC fields Battersea Power Station bid

    2012-05-08T00:00:00Z

    Chelsea Football Club has teamed up with property developer Almacantar to submit a bid for the acquisition of the 39-acre Battersea Power Station site in London.

  • PropertyEU Archive

    British Land, Blackstone submit plans for Broadgate Circle

    2012-05-08T00:00:00Z

    UK REIT British Land and the Blackstone Group have submitted a planning application for the improvement of Broadgate Circle in the City of London.

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    Castello takes over RREEF's Italian fund business

    2012-05-08T00:00:00Z

    Italian investment and fund manager Castello has acquired RREEF's Italian property fund business, RREEF Fondimmobiliari, adding nearly EUR 500 mln to its assets under management.

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    C&W picked to sell Danish regional mall

    2012-05-08T00:00:00Z

    Cushman & Wakefield has been appointed to sell Rosengårdcentret, Denmark's second largest shopping centre. The centre is expected to generate significant interest and is likely to be the largest single asset sale in Denmark in 2012, C&W said.

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    EPRA: Spanish tax reform undermines property market

    2012-05-08T00:00:00Z

    The Spanish government's introduction of new legislation to restrict interest deductions for taxation purposes could further reduce the flow of international capital into domestic commercial property, exactly at a time when the depressed local market is an important factor weighing on Spain's recession-hit economy, the European Public Real Estate Association ...

  • PropertyEU Archive

    Retail property values hold up as investment drops in Q1

    2012-05-07T00:00:00Z

    Retail property was the best performing commercial real estate sector in the first quarter of 2012, according to CBRE’s European Valuation Monitor (EVM), which measures capital value movements based on regular valuations of investment portfolios carried out by CBRE across the region.

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    Nordic airline divests six buildings for EUR 200m

    2012-05-07T00:00:00Z

    Scandinavian airline SAS has divested a portfolio of six individual buildings to Swedavia Real Estate for a total of SEK 1.77 bn (nearly EUR 200 mln).

  • PropertyEU Archive

    PropertyEU Magazine May 2012

    2012-05-07T00:00:00Z

    KPMG's former Dutch office in Amstelveen has unwittingly become the symbol of the high office vacancy rate (16%) in the Netherlands. The 50,000 m[sup]2[/sup] building is located just a stone's throw from KPMG's spanking new office in Amstelveen. The May edition of PropertyEU Magazine looks at moves to convert some ...

  • PropertyEU Archive

    PropertyEU organises policy and strategy forum at REALTY 2012

    2012-05-07T00:00:00Z

    PropertyEU is bringing senior real estate leaders and EU policy makers together at the REALTY 2012 fair in Brussels on 22 May. The forum has been organised for the first day of the three-day fair to foster a closer understanding of the importance of real estate for Europe and help ...

  • PropertyEU Archive

    AIK buys Berlin residential portfolio for EUR 34m

    2012-05-07T00:00:00Z

    German real estate asset manager APO Immobilien-Kapitalanlagegesellschaft (AIK) has acquired a residential property portfolio in Berlin for EUR 34 mln. The vendor was a residential property fund managed by Bouwfonds REIM.

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    Niam sells Stockholm office building for EUR 54m

    2012-05-07T00:00:00Z

    Scandinavian private equity firm Niam has divested its Murmästaren 13 office building in Stockholm for SEK 478 mln (EUR 54 mln). The buyer is Swedish private real estate owner Fastighets AB L E Lundberg.

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    Corestate announces three senior appointments

    2012-05-07T00:00:00Z

    Swiss-based real estate investor Corestate has made three appointments to its European platform. Sascha Wilhelm has been appointed managing director of Corestate Capital Advisors in Frankfurt, and head of asset management, overseeing the company's German asset management activities.

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    Jones Lang LaSalle ousts CBRE as top European broker

    2012-05-07T00:00:00Z

    Jones Lang LaSalle has emerged as the top real estate broker in Europe based on investment transaction volume in 2011, according to PropertyEU's annual ranking for 2012. JLL leaped far ahead of its nearest competitor CBRE with total deal volume of EUR 23.1 bn.

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    Brussels launches second phase of Neo project

    2012-05-07T00:00:00Z

    The City of Brussels has initiated procedings for the two procurement contracts which constitute the second phase of the Neo project in Brussels. The development will include a shopping centre, leisure, convention centre and a residential component covering a total of 300,000 m[sup]2[/sup] within the 68-hectare Heyzel Plateau.

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    Redevco confirms exit from Swedish market

    2012-05-07T00:00:00Z

    European retail property specialist Redevco has confirmed the sale of its portfolio in Sweden as part of the company's strategy to concentrate on its core markets in Europe.

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    Immofinanz opens door to US investors

    2012-05-07T00:00:00Z

    Immofinanz has launched an initiative to enable US investors to indirectly purchase shares in the Vienna-listed real estate group. US-based investors will be able to acquire a stakes in the German and Central and Eastern Europe developer-investor though a sponsored American Depositary Receipt (ADR) scheme.

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    Investors opt to liquidate SEB’s ImmoInvest fund

    2012-05-07T00:00:00Z

    SEB Asset Management is to liquidate its EUR 6 bn open-ended fund ImmoInvest by April 2017, the fund manager announced in a statement on Monday, in what may be just the first closure of its kind this month.

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    New president will not affect flight to prime in France

    2012-05-05T00:00:00Z

    Following François Hollande’s election as President of France yesterday, real estate professionals with an interest in Continental Europe's second biggest market may be asking themselves: should we be worried? In this analysis, Dr Walter Boettcher, Head of Research EMEA at Colliers International discusses the possible repercussions of the French ...

  • PropertyEU Archive

    European retail property investment falls 64% in Q1: CBRE

    2012-05-04T00:00:00Z

    Investment turnover in the European retail property market slowed in the first quarter of 2012 with few large transactions taking place, according to the latest report from global real estate adviser CBRE. However, activity is expected increase from Q2 2012 onwards, the adviser said.

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    Citycon issues EUR 150 mln domestic bond

    2012-05-04T00:00:00Z

    Finland's Citycon has issued a EUR 150 mln senior unsecured domestic bond. The five-year bond matures on 11 May 2017 and carries a fixed annual interest rate of 4.25%, payable annually on 11 May.