All PropertyEU Archive articles – Page 1657
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PropertyEU Archive
CA Immo secures refinancing for City Gate in Budapest
CA Immo has secured a EUR 27 mln refinancing package with UniCredit Bank Austria for its City Gate complex in Budapest.
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PropertyEU Archive
Thaker steps down from Deutsche Pfandbriefbank
Harin Thaker, head of real estate international, will leave pbb Deutsche Pfandbriefbank at the end of January. His responsibilities will be taken over by Bernhard Scholz until a replacement has been found.
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PropertyEU Archive
Law firm signs up for maxCologne project
German law firm GÖRG has signed a deal to take 6,800 m[sup]2[/sup] of space in the maxCologne-Rheinetagen project, developer Hochtief Projektentwicklung said in a statement on Tuesday.
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PropertyEU Archive
KPMG takes space in Gdansk’s Opera Office
Consultants and accountancy group KPMG has signed an agreement to lease part of the Opera office building in Gdansk.
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PropertyEU Archive
Orchard Street boost assets by EUR 1b in 2011
UK-based investment manager Orchard Street increased its assets under management by £800 mln (EUR 970 mln) to £2.5 bn and completed £580 mln of investment transactions in 2011.
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PropertyEU Archive
Niam debuts in Copenhagen with EUR 175m deal
Swedish property group Niam has acquired a Copenhagen residential portfolio totaling 65,000 m[sup]2[/sup] from an undisclosed vendor for DKK 1.3 bn (EUR 175m). The portfolio consists of 646 condominiums located in the greater Copenhagen area. The majority is located on the Copenhagen harbour front.
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PropertyEU Archive
Central London investment remained robust in 2011: C&W
The central London commercial property investment market remained robust in 2011, despite widespread economic uncertainty, according to a new report by Cushman & Wakefield.
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PropertyEU Archive
La Salle buys UK student accommodation for EUR 28m
LaSalle Investment Management has completed the purchase of two student accommodation blocks in the heart of Newcastle for £ 23.1 mln (EUR 28 mln) from Aviva Investors. The deal reflects a net initial yield of 5.6%, the company said.
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PropertyEU Archive
AXA RE raises nearly EUR 600m for development fund
AXA Real Estate has closed its pan-European development fund, Development Venture III, after raising EUR 588.5 mln of total equity. The fund has so far invested in one prime office development project in London and three in Paris.
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PropertyEU Archive
Iii-investments acquires central Berlin complex for pension fund
Germany’s HypoVereinsbank investment fund iii-investments has bought an office and retail building in Berlin near to Checkpoint Charlie for a German pension scheme’s real estate special fund.
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PropertyEU Archive
Government action key to Irish commercial property sector
The ongoing eurozone crisis and market volatility will continue to dominate the Irish commercial property market over the next 12 months but local economic, financial and political decisions will be the main drivers of pricing and transaction volumes, according to a new report by CBRE.
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PropertyEU Archive
BMW moves into Munich’s tallest tower
BMW Group has signed an agreement to rent 16 floors comprising 21,000 m[sup]2[/sup] of office space in Munich’s Uptown tower - the city's tallest high-rise.
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PropertyEU Archive
DTZ names European head of property management
DTZ has appointed Michael Hatt as head of property management for Europe, Middle East and Africa. Hatt will be based at DTZ’s offices in London.
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PropertyEU Archive
La Française REM buys 5,000-m[sup]2[/sup] office in Paris
La Française Real Estate Managers has acquired an office building in Paris for an undisclosed sum from France Telecom. The 4,690 m[sup]2[/sup] property is located on 106-108 rue de la Boétie in the 8th arrondissement of the French capital and is fully leased to five tenants.
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PropertyEU Archive
Robeco signs 16,000m[sup]2[/sup] pre-let in Rotterdam
Dutch asset management Robeco has agreed a pre-lease on 16,000 m[sup]2[/sup] of office space at First Rotterdam, an office tower project by developers MAB and Maarsen Groep in the centre of Rotterdam.
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PropertyEU Archive
Viveris REIM snaps up retail portfolio for EUR 63m
French real estate investment manager Viveris has concluded a second transaction with French retail group Casino for EUR 63 mln. Viveris' Odyssey SPPICAV investment vehicle acquired a total of 12 food stores in the latest transaction carried out at end-December 2011.
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PropertyEU Archive
Prelios funds sell in Rome and Palermo for EUR 74m
Italian real estate company Prelios has announced that two of its funds sold properties in Rome and Palermo during December for a total of EUR 74 mln. In the largest of the two deals, Tecla, a listed fund managed by Prelios' fund management arm, sold a commercial property at via ...
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PropertyEU Archive
Union acquires 'Airport Gardens' in Düsseldorf
Hamburg-based investor Union Investment Real Estate has acquired a new office building at Düsseldorf airport. The vendor of the Airport Gardens, part of the Airport City development, was Strabag Real Estate. Both sides agreed to keep the financial details confidential.
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PropertyEU Archive
Salans advises on three Heitman acquisitions
Law firm Salans has announced it advised international real estate company Heitman on three acquisitions in Hungary and the Slovak Republic. The investments, which all completed at the end of December 2011, were made on behalf of the EUR 505 mln fund Heitman European Property Partners IV (HEPP IV).
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PropertyEU Archive
Pbb provides financing for Heitman in Budapest
German property lender pbb Deutsche Pfandbriefbank has provided the Heitman European Property Partners IV fund (HEPP IV) with a EUR 60 mln facility for the acquisition of two office properties in Budapest. The acquisition was one of four transactions carried out by US-based investor Heitman in Europe during December 2011.


