All PropertyEU Archive articles 鈥� Page 1669
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PropertyEU Archive
BayernLB, Deutsche Hypo fund Ludwig Palais project
A consortium of German lenders comprising BayernLB and Deutsche Hypo has provided a 50/50 financing facility for the redevelopment of the Ludwigpalais office-led scheme in Munich's Maxvorstadt city district. The borrower and developer is Quantum Immobilien. The size of the loan was not disclosed.
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PropertyEU Archive
Union secures option on Motel One in Brussels
Union Investment has secured an option to acquire the shares in Royale 120 New Building SA and Royale 120 SA, two Belgian companies engaged in the development of the first hotel operated by Motel One in Brussels.
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PropertyEU Archive
Germany's Mfi bags Gera Arcaden mall for EUR 107m
German shopping centre specialist Management f眉r Immobilien is buying the Gera Arcaden shopping centre in Th眉ringen for EUR 107 mln. The vendor is WestFonds 4 Gera Arcaden KG, a fund managed by WestLB, the real estate arm of German bank WestLB.
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PropertyEU Archive
MSREI asks investors for more time to spend EUR 2b
Morgan Stanley's property arm is asking investors for more time to spend almost $2.5 bn (EUR 1.9 bn) of committed equity on real estate assets, according to a news report in the Financial Times.
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PropertyEU Archive
Icade launches EUR 300m revamp of Paris tower
French REIT Icade has unveiled plans to invest some EUR 300 mln in the full redevelopment of the former Descartes tower at the La D茅fense business district in Paris.
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PropertyEU Archive
Ballymore sells London hotel for EUR 44m
Irish property group Ballymore has sold the Radisson Edwardian New Providence Wharf hotel in London, to Edwardian Hotels for 拢37.5 mln (EUR 44 mln).
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PropertyEU Archive
Orion in talks to buy EUR 600m of NAMA loans
Orion Capital Managers has been selected as preferred bidder for a loan portfolio with a face value of EUR 600 mln being sold by Ireland's National Asset Management Agency, according to a news report in PropertyWeek.
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PropertyEU Archive
Allianz in running for Swedish mall portfolio
The property arms of insurance groups Allianz and AMF as well as Finnish listed property firm Citycon are believed to be in the running for a portfolio of three neighbourhood shopping centres in Stockholm under offer from Centeni. Currently owned by Royal Bank of Scotland, Centeni is the former joint ...
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PropertyEU Archive
Redefine International appoints new chairman
Redefine International, a London-listed property company, has confirmed the appointment of Greg Clarke as chairman following the retirement of Philippe de Nicolay.
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PropertyEU Archive
British Land, USS back UK mall scheme
UK REIT British Land and pension fund Universities Superannuation Scheme have signed on for the development of a 28,000 m[sup]2[/sup] shopping centre in the UK.
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PropertyEU Archive
Savills brings London landmark to market
Savills has confirmed its appointment to sell the long leasehold interest in Admiralty Arch, London, SW1, on behalf of the UK government.
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PropertyEU Archive
IM buys Nottingham site for logistics project
Warwickshire-based IM Properties has completed a major acquisition of a 45-acre development site for a logistics project in Eastwood, Nottingham from BGL Landfill. Financial details were not disclosed.
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PropertyEU Archive
C&W to market new Polish mall
Cushman & Wakefield (C&W) has been appointed by Polish retail developer Narev Inwestycje to market the planned Galeria Bursztynowa shopping centre in the northeastern Polish city of Ostro鲁锚ka.
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PropertyEU Archive
Qatar's SWF snaps up Polish Telecom HQ
Qatar's sovereign wealth fund has inked the purchase of the new headquarters development of Poland's national telecommunications provider from the local arm of French developer and property group Bouygues. Financial details were not disclosed.
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PropertyEU Archive
Prologis leases 930,000 m[sup]2[/sup] in CEE
Industrial real estate specialist Prologis has leased more than 930,000 m[sup]2[/sup] of space in Central and Eastern Europe in the first three quarters of the year, up 20% on the same period in 2010.
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PropertyEU Archive
Salans advised on EUR 135m Czech industrial park deal
International law firm Salans confirmed it advised Tristan Capital Partners, on behalf of its Curzon Capital Partners III fund, on the purchase of an 80% stake in six industrial parks in the Czech Republic. The parks were previously owned, developed and managed by VGP. The value of the transaction was ...
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PropertyEU Archive
GPR 250 Europe Index closes 4.4% lower in November
The European listed property sector - as represented by the GPR 250 Europe Index - finished October 4.4% lower in November, eating into the 6.2% return booked the previous month. Apart from Belgium (0.6%), the individual country market performances were all in negative territory. Spain and Italy were the worst ...
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PropertyEU Archive
Wihlborgs buys office in Lund for EUR 34m
Swedish company Wihlborgs Fastigheter has acquired an office property in the Swedish city of Lund for SEK 310 mln (EUR 34 mln). The vendor was development and construction group Skanska.
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PropertyEU Archive
Orchard St expands after winning EUR 900m mandate
Orchard Street has recruited six staff after winning an investment management mandate for St James's Place Wealth Management. The mandate is for 拢800 mln (EUR 932 mln) of property funds which brings Orchard Street's total funds under management to 拢2.5 bn.
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PropertyEU Archive
Aareal finances logistics portfolio in Germany and Poland
German lender Aareal Bank has provided a loan of EUR 300 mln to refinance a logistics property portfolio owned by the Goodman European Logistics Fund (GELF). The portfolio comprises 34 properties in Germany and Poland with a total lettable area of over one million m[sup]2[/sup].
