All PropertyEU Archive articles 鈥� Page 1630
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PropertyEU Archive
Atrium reports higher earnings for 2011
Atrium European Real Estate, a developer of shopping centres in Central and Eastern Europe, reported net rental income increased by 15.1% to EUR 154.9 mln in 2011 thanks to the addition of three new malls in Poland and the Czech Republic. On a like-for-like basis, NRI rose 8.6% to EUR ...
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PropertyEU Archive
Italy's Risanamento posts EUR 75m loss in 2011
Italian listed property developer Risanamento reported fresh losses in 2011 but said its operating result returned into positive territory for the first time since the onset of the credit crisis.
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PropertyEU Archive
IGD SIIQ secures EUR 30m loan from Intesa SanPaolo
Italian retail specialist IGD SIIQ has been granted a EUR 30 mln, five-year credit facility by lender Intesa SanPaolo at a cost of 310 basis points over the three-month Euribor rate.
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PropertyEU Archive
Topland aims to buy EUR 360m of UK property
European property investor Topland plans to spend at least 拢300 mln (EUR 360 mln) on unleveraged real estate transactions in the UK, a 100% increase on its deal volume in the market last year.
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PropertyEU Archive
Testa offloads Barcelona office scheme for EUR 53m
Testa Inmuebles en Renta, part of Spanish construction group Sacyr Vallehermoso, has sold an office building in Barcelona for EUR 53.5 mln, generating a gross profit of nearly EUR 22 mln.
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PropertyEU Archive
Spanish secondary assets may hit double-digit yields
Yields for some secondary commercial properties in Spain have hit double-digit figures due to the complete lack of financing for this type of product, Roger Cooke, head of Cushman & Wakefield in Spain, told PropertyEU.
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PropertyEU Archive
Savills doubles losses on European business as revenue shrinks further
UK-listed property adviser Savills booked underlying losses of 拢8.8 mln in 2011 (2010: 拢4.3 mln loss) on its European transaction business after revenue from its Continental European commercial unit contracted by 14% to 拢26 mln in 2011 from 拢30.2 mln the year before. After two years of restructuring, Savills made ...
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PropertyEU Archive
Wainbridge courts private money for lending initiative
Boutique property investor-developer Wainbridge Capital is seeking 'a couple of hundred million' of equity commitments from high-net-worth individuals keen to access real estate via senior and mezzanine lending. ' In today's market, with the existing funding gap, lending can provide equity-type returns without the need to take the equity risk, ...
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PropertyEU Archive
France's Icade files tender offer for Silic
French listed property group Icade has filed its tender offer for peer group Silic in a move which will create the largest business park owner in France, with a portfolio of over EUR 10 bn.
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PropertyEU Archive
German open-ended funds see performance gap widen
German open-ended real estate funds as a whole returned 0.1% in February, but returns on funds with a global focus dropped to a negative result of 0.4%, according to the recently published OFIX-monthly report of Investment Property Databank.
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PropertyEU Archive
Simon closes EUR 1.5b buy of Klepierre stock
US shopping centre owner Simon Property Group (SPG) has completed the acquisition of a 28.7% equity stake in its Paris-listed peer Klepierre. The 54 million shares were sold by BNP Paribas for EUR 28 per share, or a total transaction value of EUR 1.5 bn. David Simon, chairman and chief ...
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PropertyEU Archive
Logistics take-up hits new record in 2011: JLL
European logistics markets achieved a new take-up record in 2011 despite rising economic uncertainty, according to a report by Jones Lang LaSalle. Overall take-up amounted to 16.3 million m2, 59% ahead of the 10-year annual average.
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PropertyEU Archive
CA Immo plans EUR 300m of asset sales in 2012
Austrian listed property company CA Immo aims to sell EUR 300-350 mln of assets in 2012 and invest the bulk of the proceeds back into the business, the company said on Thursday.
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PropertyEU Archive
Unibail-Rodamco issues EUR 750m bond
European listed property company Unibail-Rodamco has issued a 7-year bond for a total amount of EUR 750 mln. The bond matures on 22 March 2019 and will offer a coupon of 3%.
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PropertyEU Archive
Tristan fund buys two Frankfurt offices for EUR 90m
Tristan Capital Partners' CCP III fund has acquired two office properties in the west-central Frankfurt district of Bockenheim for about EUR 90 mln.
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PropertyEU Archive
RFR, Stenham acquire Degi's WestendGate in Frankfurt
US investor RFR Holding is acquiring the WestendGate skyscraper in Frankfurt together with co-investor Stenham from fund manager Aberdeen.
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PropertyEU Archive
Union Investment acquires hotel project in La D茅fense
German fund manager Union Investment has returned to the Paris hotel market by acquiring a four-star business hotel development in La D茅fense. The purchase price was not disclosed.
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PropertyEU Archive
Mingazzini joins Estavis board
German listed residential property company Estavis has appointed Jacopo Mingazzini to its executive board. Jacopo Mingazzini is managing director of Accentro, a private limited company which he formed in 1999, and which was acquired by Estavis in May 2011.
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PropertyEU Archive
Strong overseas demand in London to continue: Savills
London's City and West End markets both witnessed increased activity from overseas investors during 2011, which is set to continue throughout 2012 as the UK capital retains its 鈥榮afe-haven鈥� status, according to property adviser Savills.
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PropertyEU Archive
TK Development puts Prague retail outlet up for sale
Danish listed property company TK Development and UK-based LMS Outlets have put their Fashion Arena Outlet Center near Prague on the market. Fashion Arena is the only outlet centre in the Prague area and the largest retail asset on sale in Prague at the moment.
