All PropertyEU Archive articles – Page 1652
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PropertyEU Archive
Europe's prime rents and yields remain stable: CBRE
Prime rents and yields for European commercial property remained broadly stable in the final quarter (Q4) of 2011, despite continued economic uncertainty and negative sentiment across the Continent, according to new figures released by CBRE.
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PropertyEU Archive
Niam snaps up Norwegian shopping centre portfolio
Northern European private equity group Niam has acquired four shopping centres in Norway. Although the financial details of the transaction were not disclosed, the price is understood to be over EUR 100 mln.
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PropertyEU Archive
Deka's Kamp Promenade in Osnabrück gets facelift
German open-ended fund manager Deka Immobilien plans to invest EUR 22 mln in the demolition and reconstruction of a former Woolworth store near its Kamp Promenade shopping centre in the German city of Osnabrück.
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PropertyEU Archive
Deutsche Pfandbrief, LBBW refinance Frankfurt tower
Pbb Deutsche Pfandbriefbank is joining forces with Landesbank Baden-Württemberg (LBBW) to arrange EUR 155 mln in funding for one of Frankfurt's most iconic buildings.
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PropertyEU Archive
Noel to succeed Salway as head of Land Secs
Francis Salway is to hand over his position as chief executive of Land Securities to Robert Noel, currently managing director of the UK REIT's London portfolio.
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PropertyEU Archive
Deutsche Pfandbrief renews EUR 105m loan in Germany
German lender Pbb Deutsche Pfandbriefbank has concluded the early renewal of a EUR 105 mln facility for Berlin-based housing company Degewo Marzahner Wohnungsgesellschaft.
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PropertyEU Archive
JLL advises on record EUR 240m Hungarian deals in 2011
Jones Lang LaSalle has said it was involved in all major office transaction in Hungary during 2011 representing more than EUR 240 million of investment. More than 42% of all investment deals closed in 2011 was transacted with the help of Jones Lang LaSalle, the property adviser added.
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PropertyEU Archive
CA Immo to invest EUR 300m in Berlin and Frankfurt
Vienna-listed real estate investor CA Immo plans to invest some EUR 300 mln in the Berlin and Frankfurt real estate markets in 2012.
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PropertyEU Archive
F&C fund seals two deals in UK for EUR 40m
F&C Commercial Property Trust has bought an out-of-town retail unit and a distribution warehouse in East Kilbride and Liverpool for a combined £33 mln (EUR 40 mln). FCPT was advised by F&C REIT Asset Management,
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PropertyEU Archive
Schroders wins EUR 715m management mandate
UK investment manager Schroders has been awarded the mandate to manage two UK property trusts with a total of EUR 715 mln of assets.
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PropertyEU Archive
Aberdeen fund acquires six German retail properties
Aberdeen's European Balanced Property Fund has announced the acquisition of six high-street retail properties Germany. The financial details were not disclosed.
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PropertyEU Archive
Aerium, Terrace Hill get go-ahead for Mayfair redevelopment
A joint venture partnership between European fund manager Aerium and UK developer-investor Terrace Hill has received the green light for an office-led redevelopment in Mayfair, London.
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PropertyEU Archive
JLL picked to manage Warsaw's Atrium complex
European investment manager Rockspring has appointed Jones Lang LaSalle as property manager for its recently acquired Atrium International business centre in Warsaw.
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PropertyEU Archive
Beni Stabili completes Paris disposals
Italian REIT Beni Stabili has completed the disposal of two assets in Paris for EUR 20 mln. The sale price slightly exceeded both the market and book value of the assets which amounted to just over EUR 19 mln.
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PropertyEU Archive
JLL wins global GlaxoSmithKline mandate
Pharmaceutical group GlaxoSmithKline has appointed Jones Lang LaSalle as the sole real estate services provider for its global portfolio consisting of 7.4 million m[sup]2[/sup] across 759 locations.
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PropertyEU Archive
IVG puts Spain on its watch list
German real estate manager IVG Immobilien is not letting the ongoing sovereign debt crisis stand in the way of a good deal. Last year, at a time when many investors were reining in their spending, IVG powered ahead, tripling its transaction volume to EUR 2.25bn.
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PropertyEU Archive
Valad offloads mixed-use scheme in Oslo
Valad, the European multi-let real estate investment manager, has sold a 24,300 m[sup]2[/sup] office and retail property in Oslo. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Lone Star scoops EUR 1.8b Bundesbank debt portfolio
US private equity firm Lone Star has bought 50% of the EUR 1.8 bn Excalibur portfolio from Germany's central bank and is in exclusivity to buy the bulk of the remaining loans, according to a report from property wire CoStar Finance. It is unclear how much Lone Star will pay ...
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PropertyEU Archive
CatalunyaCaixa raises EUR 1.3b from housing activity
Catalan savings bank CatalunyaCaixa has sold nearly 6,500 housing units in 2011, raising a total of EUR 1.3 bn. In a statement on Friday, the lender said the volume represents an increase of 35% on the year before and includes the sale of roughly 4,700 assets and the leasing of ...
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PropertyEU Archive
UK deal volume slips in 2011: CBRE
Investment in UK commercial property slipped 8% to £32.5 bn (EUR 42.1 bn) in 2011, according to new research from CBRE. This is still significantly higher than the £24.25 bn recorded in 2008 and £25.2 bn in 2009.


