All PropertyEU Archive articles 鈥� Page 1635
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PropertyEU Archive
Savills adds AIG and Citigroup to lenders list
Property adviser Savills has added US financial groups AIG and Citigroup to its latest list of bigger ticket lenders to the UK property market. The new list names 21 such lenders compared with 19 at end-October 2011.
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PropertyEU Archive
Owners of B buildings in CEE urged to create sellable portfolios
Owners of B-class properties in Central and Eastern Europe are being urged to create large portfolios to entice investor interest. Although there is significant demand for prime assets in the region, the market for B-class buildings is in hibernation, according to Andreas Ridder, CBRE's managing director in the region and ...
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PropertyEU Archive
Glitnir Bank buys Swedish portfolio out of bankruptcy
Glitnir Bank Luxembourg has acquired a 370,000 m[sup]2[/sup] property portfolio in Sweden from bankrupt Danish company Centerplan Nordic in a deal involving some SEK 2.3 bn (EUR 250 mln) of debt and equity. The portfolio, operated under the name Bovista Invest, comprises mainly residential assets in southern Sweden.
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PropertyEU Archive
Unibail-Rodamco names new supervisory board chief
Unibail-Rodamco, Europe's largest publicly traded property company, has named Robert ter Haar as its new supervisory board chairman, replacing Robert van Oordt.
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PropertyEU Archive
Deka buys hotel in Hamburg from iii-investments
German fund manager Deka Immobilien has bought the Suite Novotel in Hamburg from iii-investments on behalf of an institutional investment fund. Financial details were not disclosed.
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PropertyEU Archive
Cordea Savills expands operation in France
Property investment manager Cordea Savills has strengthened its presence in France with the appointment of Clement Pigott as head of investment for France and the Benelux. He is also president of the newly established French entity, Cordea Savills SAS.
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PropertyEU Archive
Cornerstone gears up to launch 'super core' fund in Sweden
Cornerstone Real Estate Advisers is gearing up to launch a 'super core' fund targeting public amenities in Sweden, the company's European head Charles Weeks told PropertyEU at the annual Mipim real estate fair in Cannes on Tuesday.
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PropertyEU Archive
GSW: German resi is not overheating
The German residential property market is not overheating despite record transaction volumes in 2011 and several large portfolios on the market, according to listed Berlin apartment owner GSW.
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PropertyEU Archive
JLL Germany revamps organisational structure
Jones Lang LaSalle Germany has restructured its organisation into two main areas of responsibility.
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PropertyEU Archive
AEW Europe raises EUR 1.5b in fresh capital
Pan-European real estate investment manager AEW Europe has raised a total of EUR 1.5 bn in fresh capital commitments in a number of new separate accounts and funds managed by the company, with the majority of mandates signed towards the end of last year.
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PropertyEU Archive
Industrial investment volumes hit EUR 10b in 2011: JLL
European industrial investment volumes totalled EUR 9.9 bn in 2011, the third-largest annual transaction figure on record after the boom years of 2006 and 2007, Jones Lang LaSalle said on Monday.
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PropertyEU Archive
Deka Immobilien sells Paris office for EUR 166m
German property fund manager Deka Immobilien has sold the Axe France office building in Paris to a pool of French investors advised by DTZ Asset Management for EUR 166 mln. The property was acquired in 2004 for the Deka-ImmobilienGlobal open-ended mutual property fund.
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PropertyEU Archive
Allianz Real Estate invests EUR 2b in 2011
Allianz Real Estate has confirmed it carried out almost EUR 2 bn of equity and debt investments during 2011. Direct investments accounted for around EUR 1 bn with significant transactions including the acquisition of an 80% stake in the Skyline Plaza shopping centre in Frankfurt and the purchase of Forum ...
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PropertyEU Archive
AXA Real Estate heads European investment ranking in 2011
Paris-based AXA Real Estate Investment Managers was the leading real estate investor in Europe in 2011, according to PropertyEU鈥檚 annual ranking of top-50 investors by acquisition volume. With an acquisition volume of EUR 2.6 bn, including EUR 900 mln committed to development, AXA RE edged ahead of US private equity ...
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PropertyEU Archive
AXA Real Estate boosts 2011 deal volumes to EUR 6b
AXA Real Estate Investment Managers saw total transaction volume including completed and signed deals rise to EUR 6.2 bn in 2011. Acquisitions totalled EUR 2.6 bn, including EUR 900 mln of committed development expenditure, compared to disposals of EUR 2.1 bn. An additional EUR 1.5 bn was committed to loans.
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PropertyEU Archive
Prelios sees losses widen to EUR 290m in 2011
Italian listed property firm Prelios posted a net loss of EUR 290 mln in 2011, mostly reflecting EUR 195 mln in writedowns related to the Baubecon portfolio and EUR 49 mln in restructuring costs.
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PropertyEU Archive
Hotel sector to remain flat in 2012: DLA Piper
The hospitality market is expected to see little or no growth in the next 12 months as a result of a combination of over-valued assets and difficulty in raising finance, according to DLA Piper's European Hotel Outlook Survey for 2012.
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PropertyEU Archive
PropertyEU Magazine March 2012
The March edition of PropertyEU Magazine finds that foreign investors are widening their definition of core property in Germany as competition heats up for prime assets. Office assets in secondary cities outside the 鈥榖ig seven鈥� are on the radar of international investors, while low-budget hotels provide another potential growth market.
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PropertyEU Archive
Bank consortium provides EUR 300m for Valad fund
A syndicate of banks led by pbb Deutsche Pfandbriefbank and Helaba has provided a EUR 300 mln senior debt facility to refinance a logistics portfolio owned by Valad Europe across Germany, France and the Netherlands.
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PropertyEU Archive
Eurosic agrees EUR 508m office sale to JP Morgan fund
French real estate investment trust Eurosic has signed a preliminary agreement to divest 54,500 m[sup]2[/sup] of office space in Paris to a fund advised by JP Morgan Asset Management for a net sales price of EUR 508 mln.
