All PropertyEU Archive articles 鈥� Page 1658
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PropertyEU Archive
Colliers International expands in Netherlands with Rotterdam office
Colliers International has teamed up with Rotterdam real estate advisor, BRIQ Bedrijfshuisvesting, to expand its coverage in the Netherlands. The merger brings the total number of Colliers International offices in the Netherlands to three; Amsterdam, Eindhoven and Rotterdam. BRIQ has meanwhile been rebranded to Colliers International.
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PropertyEU Archive
Union Investment plans re-investment drive in France
Hamburg-based fund manager Union Investment Real Estate is planning new acquisitions in the French market during 2012 and early 2013 to re-invest the proceeds from EUR 450 mln in net sales there over 2011.
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PropertyEU Archive
INREV expands senior management team
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has expanded its senior management team and split the roles of director public affairs and professional standards into two separate positions. The move reflects the growing scale and importance of these two pivotal areas, INREV said in a press ...
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PropertyEU Archive
Pbb grants EUR 33m loan for UK mall deal
pbb Deutsche Pfandbriefbank has granted a 拢27.4 mln (EUR 32.8 mln) facility to AG Core Plus Realty Fund III and Quidnet Capital Partners for the acquisition of a shopping centre in London.
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PropertyEU Archive
LGP acquires BT Gatwick office for EUR 47m
Legal & General Property (LGP) has acquired 1 City Place in Gatwick from RREEF for 拢39 mln (EUR 47.1 mln). After surrendering BT's lease on the property, LGP has also agreed a new 20-year lease with Nestl茅 UK.
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PropertyEU Archive
Spanish banks face extra haircut of EUR 50b - report
Spanish banks need to set aside further provisions totalling some EUR 50 bn on property assets hit by the collapse of the housing bubble and the subsequent European economic crisis, according to economy minister Luis de Guindos. In an article in The Financial Times, De Guindos said it was vital ...
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PropertyEU Archive
Aberdeen strengthens multi-manager team
Aberdeen Asset Management has appointed Sonja Tilly as an analyst within its multi-manager team. Tilly's responsibilities will include assisting in managing the team's range of pooled funds, specifically focusing on fixed-income funds. She will report to Graham Duce, co-head Multi Manager Funds at Aberdeen.
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PropertyEU Archive
C&W recruits ex-DTZ director to head Italian office agency
London-based advisor Cushman & Wakefield has appointed Peter Leyburn as a partner and head of its office agency team in Italy. Leyburn moves to Cushman & Wakefield after nine years at DTZ where he was most recently a senior director and head of DTZ鈥檚 CEMEA Office Agency team and member ...
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PropertyEU Archive
Deka buys Leipzig properties from JP Morgan AM
Germany's open-ended real estate fund manager Deka has acquired Speck鈥檚 Hof & HansaHaus in Leipzig from JP Morgan Asset Management. No financial details were disclosed.
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PropertyEU Archive
Hakala appointed MD of Catella Property Finland
Erkki Hakala has been appointed managing director of Catella Property Finland as of 1 January 2012. Hakala joined Catella in 1999 and was Catella Finland鈥檚 deputy managing director.
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PropertyEU Archive
Savills buys London firm Gresham Down Capital Partners
London-based advisor property Savills has announced the acquisition of Gresham Down Capital Partners, a specialist in central London investment and asset management. The company provides investment advisory and brokerage advice focusing primarily on the Central London commercial property, as well as asset management services and works with international and domestic ...
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PropertyEU Archive
HB Reavis secures loan for Prague complex
Slovak-based CEE developer HB Reavis has secured a EUR 32.9 mln bank loan for its office project River Garden Office in Prague - Karl铆n.
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PropertyEU Archive
IVG taps into green power
German property giant IVG has announced it will supply green power to a first tranche of around 50 properties in its portfolio. The green power consists 100% of hydroelectric and has been certified with the Green Power Label Gold.
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PropertyEU Archive
Dutch office market faces EUR 10bn writedown: DTZ
The struggling Dutch office market needs a haircut of up to EUR 10 bn to restore it to health, according to DTZ Zadelhoff. The figure is based on DTZ's annual survey which indicates that the office vacancy rate in the Netherlands currently totals nearly 8 million metres. This is equal ...
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PropertyEU Archive
Deutsche Hypo provides EUR 104m loan to Gecina
Deutsche Hypo, the real estate finance arm of Nord/LB, has granted a EUR 104 mln credit facility to French real estate investment trust Gecina for the financing of two prime offices in central Paris. The loans have an average maturity of 8.5 years.
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PropertyEU Archive
Union sells Les Renardi猫res in Paris for EUR 148m
German fund manager Union Investment has sold Les Renardi猫res office complex located in the commune of Courbevoie, near Paris. The buyer is an OPCI fund managed by real estate investment manager Primonial Reim.
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PropertyEU Archive
JLL sees slow start for UK market but brighter prospects in H2
Jones Lang LaSalle expects the UK market to get off to a slow start in 2012 now that the financial crisis and the ongoing fiscal squeeze have left the domestic economy weaker than previously expected. However, Richard Batten, Executive Chairman UK at Jones Lang LaSalle is hopeful that a strong ...
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PropertyEU Archive
South-African investor buys London's Tower 42 for EUR 340m
Kirsh Group, owned by South African property magnate Nathan Kirsh, has closed the purchase of the landmark Tower 42 Estate in the City of London for just over 拢282 mln (EUR 340 mln). The vendor is The Tower Limited Partnership, representing a joint venture of BlackRock's UK Property Fund, Hermes ...
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PropertyEU Archive
Hahn fund acquires Regensburg retail centre for EUR 40m
German retail property investor Hahn Gruppe has acquired the Alex-Center in Regensburg, Eastern Bavaria for EUR 40 mln. The retail property was acquired on behalf of Hahn's EUR 350 mln FCP-FIS-German Retail Fund for institutional investors. The closing took place on 30 December.
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PropertyEU Archive
UK investors purchase Barcelona's Hotel Palace for EUR 68m
A group of UK private investors has bought the historic Palace Hotel in Barcelona from Spanish hotel chain Husa for EUR 68 mln. The buyers were represented by the company Aginyo.
