All PropertyEU Archive articles 鈥� Page 1653
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PropertyEU Archive
Balder buys office in Malm枚 for EUR 45m
Swedish property firm Balder has acquired a property at Lilla Torg in central Malm枚 for SEK 400 mln (EUR 45 mln). The property has an area of ??approximately 11,000 m[sup]2[/sup] and is mostly leased to a hotel operating under the Marriott Renaissance brand.
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PropertyEU Archive
Asian investment into London office market soars
Asian investors accounted for 拢1.7 bn (EUR 2.03 bn) worth of transactions in Central London鈥檚 office investment market during 2011, marking a 150% increase compared to the 拢668 mln recorded in 2010, according to latest figures issued from Jones Lang LaSalle.
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PropertyEU Archive
Liebrecht&Wood, BBI tie up loan for Warsaw project
European property developer Liebrecht & Wood and Polish listed group BBI have been granted a EUR 105 mln loan to finance the construction of their joint office project in Warsaw.
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PropertyEU Archive
Break-up looms for Eurohypo
German lender Commerzbank is gearing up to break up Eurohypo, its real estate lending arm, putting an end to months of uncertainty regarding the future of the troubled real estate lender, according to those who track the market.
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PropertyEU Archive
Investa buys Uferstadt business park from Doughty Hanson
Germany's Investa Immobiliengruppe has acquired the Uferstadt F眉rth business and science park from UK private equity firm Doughty Hanson. The companies agreed to keep financial details confidential. Financing for the deal was provided by Eurohypo.
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PropertyEU Archive
Credit Suisse fund shops in Munich, Rotterdam
Credit Suisse Real Estate Fund Global, a Swiss core property fund launched in November last year to invest in international property, has acquired two first-class commercial properties in Rotterdam and Munich for a total of CHF 79 mln (EUR 65 mln).
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PropertyEU Archive
Vailog starts development of 60,000-m[sup]2[/sup] logistics platform
Vailog, an Italian logistics real estate investor-developer, said this week it has started construction of a new 60,000-m[sup]2[/sup] logistics facility in Lyon, Northern France.
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PropertyEU Archive
Savills sees German deal volume holding firm in 2012
Transaction volumes for Germany鈥檚 commercial real estate market will exceed EUR 20 bn in 2012 with continued strong demand from both domestic and foreign investors, according to real estate adviser Savills. Last year, approximately EUR 22.6bn changed hands in the country, marking a 20% increase on 2010.
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PropertyEU Archive
Tishman Speyer snaps up London scheme for EUR 205m
US investor Tishman Speyer has acquired London's Eland House from UK REIT Land Securities for 拢171 mln (EUR 205 mln), reflecting a cap rate of 7.21%.
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PropertyEU Archive
German office take-up hits 3-year high
The five major German office markets of Berlin, D眉sseldorf, Frankfurt, Hamburg and Munich ended 2011 on a three-year high in terms of take-up according to international real estate advisor Savills.
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PropertyEU Archive
Icade, Altarea sell Lyon office project for EUR 42m
A joint venture of French real estate investment trusts Icade and Altarea Cogedim has sold a 12,400-m[sup]2[/sup] office project in Lyon's seventh district for a gross sum of EUR 42 mln. The buyer is Fonci猫re Investissement, a subsidiary of the Cr茅dit Mutuel Ark茅a group.
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PropertyEU Archive
Gecina offloads EUR 444m of housing assets
French real estate investment trust Gecina has announced the sale of two residential portfolios for a total of EUR 444 mln.
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PropertyEU Archive
Vastned places EUR 50m bond with US investor
Amsterdam-listed retail property investor Vastned has issued a second long-term unsecured bond for a total amount of EUR 50 mln. The bond was placed with Pricoa Capital Group, a US institutional investor and issued in two equal tranches of EUR 25 mln, with maturities of seven and eight years. ...
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PropertyEU Archive
Accor divests Paris hotel to Bouygues for EUR 77m
French hotel group Accor has announced the sale of the Pullman Paris Rive Gauche hotel to Bouygues Immobilier for EUR 77 mln.
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PropertyEU Archive
Redevco pre-lets most of Alexanderplatz project
Retail property specialist Redevco has pre-let 70% of the retail and leisure space in its ALEA 101 development on Berlin鈥檚 Alexanderplatz.
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PropertyEU Archive
Cross-border investors raise market share in Europe
Commercial property investment volumes in Europe rose by a better-than-expected 17.7% in the final quarter of 2011 to EUR 36.8bn, according to Cushman & Wakefield. For the full year, investment volume totalled EUR 126.2bn, marking an increase of 7.8% on 2010. This is about 10% higher than the EUR 115 ...
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PropertyEU Archive
IVG eyes investment volume of around EUR 1.5b in 2012
German listed real estate group IVG reported its transaction volume in 2011 more than tripled year-on-year with around 130 individual deals throughout Europe and a total volume of EUR 2.25 bn. The figure includes transactions on behalf of the listed arm of the business and IVG Funds, the manager of ...
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PropertyEU Archive
CBRE GI buys mall in France for EUR 68m
CBRE Global Investors has acquired a shopping centre in France on behalf of its European Shopping Centre Fund for EUR 68 mln. The vendor was Paris-listed shopping centre company Kl茅pierre.
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PropertyEU Archive
Real IS acquires HQ building in Munich
German fund manager Real IS has acquired a 9,000 m[sup]2[/sup] office building in Munich for an undisclosed sum. The property on Denninger Strasse is the corporate headquarters of specialist door maker Sch枚rghuber.
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PropertyEU Archive
UK property heads told to buy back shares to lower gearing
Property companies and listed REITs in particular should cut their gearing and buy back their stock, according to John Lutzius, Managing Director of Green Street Advisors. Speaking at the annual EPRA and Nabarro Insight event in London on Tuesday, Lutzius fuelled the debate by concluding that leverage across the ...
