All PropertyEU Archive articles – Page 1670
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PropertyEU Archive
Blackstone fund acquires fourth Polish mall
US private equity group Blackstone has added a fourth shopping centre to the portfolio of its Polish fund, King's Street Retail. The acquisition of Galeria Pestka from a private German investor was completed on 30 November.
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PropertyEU Archive
OMERS gets German financing for major UK acquisition
Oxford Properties, the real estate arm of the Canadian pension giant OMERS, has secured a £217 mln (EUR 253 mln) facility for the acquisition of Green Park business park in the UK city of Reading. The facility was provided by German lenders Eurohypo, pbb Deutsche Pfandbriefbank and Bayerische Landesbank.
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PropertyEU Archive
Knight Frank adds to Munich valuations team
Knight Frank has appointed Peter Kaiser as associate director in the commercial valuation team in Munich. Kaiser previously worked at Hypo Real Estate Bank and Goldman Sachs' Archon Group in asset management and valuation.
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PropertyEU Archive
AEW names managing director for Italy
Real estate investment manager AEW Europe has named Massimiliano Bernes as managing director of its business in Italy. In this role, he will be responsible for developing the company's European investment platform in the Italian market.
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PropertyEU Archive
HDG Mansur appoints new chief financial officer
HDG Mansur has appointed Thomas Kmiecik as executive vice president and chief financial officer. Until recently Kmiecik was senior treasury officer at Forest City Enterprises, a $12 bn (EUR 9 bn) NYSE-listed real estate development company.
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PropertyEU Archive
Catella buys stake in Dutch asset manager
Stockholm-based Catella has become the only institutional shareholder in IPM Informed Portfolio Management through the acquisition of just over 5% of the shares in IPM's Dutch holding company. In a press release, Catella said it intends to increase its ownership stake in the long term as part of its plans ...
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PropertyEU Archive
Henderson awards UK management mandate
UK-based fund manager Henderson has appointed M J Mapp to manage 21 real estate assets in London and Edinburgh with a combined value of £420 mln (EUR 490 mln).
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PropertyEU Archive
Creditors call in debt at Battersea power station
Lloyds Bank and Ireland's asset agency NAMA are on the verge of taking control of the landmark Battersea power station (BPS) development site on the River Thames in London.
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PropertyEU Archive
Boekel de Nerée names RE partner
Ariën van Heesen is to become partner at Boekel De Nerée in January, joining 29 other shareholders in the Dutch law firm.
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PropertyEU Archive
Distressed loans enter critical phase, says Corestate
Distressed real estate debt is the ‘critical issue’ affecting European real estate markets, according to Ralph Winter, founder and chairman of Swiss-based private equity group Corestate Capital.
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PropertyEU Archive
Thierry Juteau to head C&W's French investment team
Thierry Juteau starts as head of the investment department (capital markets group) at Cushman & Wakefield France in January. Prior to this he has headed the office letting team in France and has 20 years of experience in commercial real estate.
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PropertyEU Archive
Helios hires Peeters from Goodman
Helios Europe has appointed Peter Peeters as chief technical officer for the logistics developer's EUR 1 bn pan-European development programme.
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PropertyEU Archive
Östberg joins Savills Sweden
Savills has appointed Fredrik Östberg to its Swedish investment team in Stockholm as a director. He will be part of the investment team's management group with a focus on building client relations and transactions.
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PropertyEU Archive
Alpha buys 32,000 m[sup]2[/sup] logistics property in Munich
Alpha Industrial has increased its presence in Munich area with the acquisition of a 60,000 m[sup]2[/sup] property in Kirchheim. The financial details were not disclosed.
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PropertyEU Archive
Swiss Prime Site sells 2 assets for EUR 228m
Swiss Prime Site is divesting two commercial properties for a total of CHF 280 mln (EUR 228 mln). The listed real estate company said the disposals generate a gross profit of CHF 77 mln, given that the properties were booked at a combined fair value of CHF 203 mln at ...
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PropertyEU Archive
RREEF fund aims to invest EUR 650m in 2012
RREEF Real Estate, the real estate investment arm of Deutsche Bank's asset management division, is planning to invest around EUR 650 mln in real estate for its open-ended grundbesitz europa fund over the next 12 months, Ulrich Steinmetz, managing director of RREEF Germany, told PropertyEU.
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PropertyEU Archive
Orchard St acquires London office at 4.7% yield
UK investment manager Orchard Street has acquired the office property 61-65 Conduit Street in London W1 from Threadneedle Investments. The investment volume of £36 mln (EUR 42 mln) reflects a net initial yield of 4.7%.
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PropertyEU Archive
HB Reavis unveils EUR 60m investment in Croatia
HB Reavis has announced it is entering the Croatian market to develop a 34,000 m[sup]2[/sup] office tower in Zagreb. The Slovakian-headquartered CEE developer and fund manager said the investment is worth EUR 60 mln.
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PropertyEU Archive
BNP Paribas, GE Capital unveil major Paris project
BNP Paribas Real Estate and GE Capital have announced plans to carry out a major redevelopment of the Tours du Pont de Sèvres in the western Parisian district of Boulogne.
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PropertyEU Archive
IVG to use capital increase for cavern business
IVG Immobilien plans to raise EUR 145 mln in a capital increase to help finance the construction of pre-let and partially pre-sold oil and gas storage caverns. Germany's largest listed property company plans to issue 69 million new shares at EUR 2.10 per share.


