All PropertyEU Archive articles 鈥� Page 1654
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PropertyEU Archive
Colliers names hotel investment director in the Netherlands
International real estate broker Colliers has announced the appointment of Jules van Gaalen as director of hotel investment in the Netherlands.
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PropertyEU Archive
Property veterans launch database for non-listed real estate funds
Two property veterans have launched an online database with information about 2,000 non-listed real estate funds globally. Developed by Colin Barber, founder of Propex, and Gary McNamara former Head of Derivatives at DTZ, Indirex.com will initially target the UK market but the partners plan to expand the information source into ...
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PropertyEU Archive
NSI leases out Red Elephant
Amsterdam-listed real estate company NSI has leased out the Rode Olifant (Red Elephant), an office building in The Hague that had become synonymous with high vacancy rates in the Netherlands and which has been vacant for almost three years.
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PropertyEU Archive
Trigranit secures funding for largest Polish project
CEE property developer Trigranit has secured bank financing for its largest project in Poland - an integrated transport and retail center in the city of Poznan. The development is valued at EUR 250 mln when tenant investment is included.
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PropertyEU Archive
Gecina pre-lets Neuilly-sur-Seine project
French office-focused group Gecina has pre-let its entire Neuilly-sur-Seine development, securing additional rents of EUR 5.6 mln per year.
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PropertyEU Archive
Patrizia seals EUR 140m German resi purchase
Patrizia Immobilien has acquired 986 apartments and three commercial units in Germany on behalf of a residential fund for EUR 140 mln. The listed German real estate company said its WohnModul I fund was joined in the acquisition by an unnamed German pension fund.
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PropertyEU Archive
Deal volume rises 4% in 2011 as investors flock to French property in Q4
Commercial real estate investment turnover in Europe rose 4% in 2011 to EUR 115 bn, according to the latest research from CBRE. The full-year figure was boosted by a strong finish in the fourth quarter of 2011 with investment activity rising 15% compared with the previous quarter to EUR 32bn.
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PropertyEU Archive
Corestate buys Berlin apartments in EUR 230m deal
Corestate Group has acquired a portfolio of 3,000 apartments in Berlin and an office building in Stuttgart for a total of EUR 230 mln. The Swiss private equity real estate investor said the transaction involved a complicated debt structure with multiple lenders.
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PropertyEU Archive
Bolt to manage Blackrock fund's EUR 360m UK portfolio
Blackrock UK Property Fund (BUKPF) has appointed Bolt Partners, a strategic and financial adviser in the healthcare sector, to manage a portfolio of more than 150 general practitioner surgeries across England, Wales and Scotland.
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PropertyEU Archive
Norwegian insurer acquires new HQ for EUR 624m
DnB Liv, the life insurance arm of Norway's largest bank, is acquiring its parent company's new headquarters in Oslo for NOK 4.8 bn (EUR 624 mln). The life insurance unit is partnered in the acquisition by DnB Scandinavian Property Fund.
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PropertyEU Archive
DIC Asset acquires office property at Frankfurt Airport
German listed office investor DIC Asset has acquired an office property at Frankfurt Airport from an unnamed vendor for EUR 22 mln. The deal was signed in December 2011.
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PropertyEU Archive
Feri rates most property markets in Europe as fairly valued
European commercial real estate markets present a stable picture to investors at the moment, according to European rating agency Feri. 'The rental yield and the fair value yields identified by us are relatively close together in most European prime office markets,' said Manfred Binsfeld, head of Real Estate Research at ...
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PropertyEU Archive
PropertyEU recruits new team to launch Events unit
PropertyEU is launching a series of Expert Investment Briefings to provide a meeting point for senior real estate leaders across Europe. The first event focussing on real estate investment opportunities in the German market will be held on 23 February in Amsterdam. Subsequent meetings will be held in London, Frankfurt, ...
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PropertyEU Archive
Metro suspends Kaufhof sale talks
German retail group Metro has halted attempts to sell its department store subsidiary, Galeria Kaufhof. Metro said it had suspended talks with interested parties because of worsening conditions on the financial markets.
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PropertyEU Archive
AEW creates EUR 1b logistics platform via merger
AEW Europe has merged three existing logistics funds to create a EUR 1 bn pan-European logistics platform. The investment manager claims the new fund, named Logistis, is one of the largest logistics investment platforms in Europe.
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PropertyEU Archive
Goldman, Cerberus raise EUR 175m in GSW exit
US bank Goldman Sachs and private equity firm Cerberus have raised EUR 175 mln by selling their remaining 19.8% stake in German listed residential property group GSW Immobilien. Goldman Sachs and Cerberus were the two largest shareholders in GSW.
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PropertyEU Archive
Fonci猫re Massena buys Paris office for EUR 22m
Cushman & Wakefield Investors has sold a property in Paris to French REIT Fonci猫re Massena for EUR 22 mln on behalf of a Danish pension fund.
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PropertyEU Archive
LGP acquires Stevenage leisure park for EUR 48m
Legal & General Property has signed a deal with Aviva Life & Pensions UK to buy Stevenage leisure park in the UK. The investment volume of 拢40 mln (EUR 48 mln) reflects a net initial yield of 6.5%.
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PropertyEU Archive
Union snaps up Sophienhof mall in Kiel for 6.5%
Union Investment Real Estate has bought the Sophienhof shopping centre in Kiel, Northern Germany, from Aberdeen Asset Management's frozen Degi Europa open-ended fund.
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PropertyEU Archive
Cegereal transfers EUR 900m portfolio to new unit
Cegereal is not being taken private as suggested in a headline in PropertyDay on Tuesday. As announced earlier, the French office REIT is transferring the company's entire portfolio to Prothin, a new wholly-owned subsidiary, following approval by its shareholders in late December.
