All PropertyEU Archive articles 鈥� Page 1671
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PropertyEU Archive
Prologis buys distribution centre in the Netherlands
Prologis, the global industrial property specialist, has acquired a 22,300 m[sup]2[/sup] distribution centre in the southern Dutch town of Waalwijk. The facility, located in Haven Zeven Industrial Park, is fully leased to logistics service provider Docdata Fulfilment.
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PropertyEU Archive
New tax rules will tarnish SIIC's shine, EPRA warns
The French listed real estate investment trust model or SIIC may lose its shine for international investors due to new taxation rules, the Chief Executive of the European Public Real Estate Association (EPRA) said on Wednesday. Since its creation in 2003, the SIIC model has attracted billions of euros of ...
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PropertyEU Archive
Fund managers face shakeout, Internos predicts
The worst is yet to come for the European real estate fund management industry, according to Andrew Thornton, CEO of Internos Real Investors. 'The next two years will bring an industry shakeout - 'meltdown' could be appropriate - in which the survivors will be those who go in strong and ...
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PropertyEU Archive
Italian market offers growth opportunities: JLL
Italian real-estate investment has the potential to be a platform for growth in the medium term despite ongoing financial concerns across the Eurozone region, according to Jones Lang LaSalle research.
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PropertyEU Archive
Assura raises 拢110m through bond issue
UK primary care property company Assura has raised 拢110 mln (EUR 128 mln) through the placement of a 10-year senior secured bond at a fixed rate coupon of 4.75%.
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PropertyEU Archive
Tamar fund sells 2 assets in Norway for 7.2%
Tamar European Industrial Fund has signed an unconditional agreement for the sale of two assets in the greater Oslo district, for a net price of 拢15.5 mln (EUR 18 mln). The sale price reflects a net initial yield of 7.21% and is 9% above the last valuation carried out in ...
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PropertyEU Archive
Orchard Street buys Edinburgh retail park for 6.2%
Orchard Street Investment Management has completed the acquisition of a retail park in Edinburgh, Scotland for 拢24.5 mln (EUR 28 mln), reflecting an initial yield of 6.2%. The vendor of Straiton Retail Park was BA Pension Fund.
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PropertyEU Archive
Immofinanz gets EUR 210m financing for Polish mall
Vienna-listed real estate company Immofinanz has secured a EUR 210 mln refinancing and development facility for its Silesia City Center mall in Katowice, Poland. The funding is being provided by German banks Helaba and pbb Deutsche Pfandbriefbank in a club deal.
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PropertyEU Archive
Crisis likely to affect deal volume in Q4: JLL
Global real estate investment activity held up well in the third quarter of 2011 but worsening economic sentiment is likely to have an impact on transaction volumes in Q4, according to JLL's latest Global Capital Flows research report.
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PropertyEU Archive
LGP completes EUR 83m leisure fund refinancing
Legal & General Property has refinanced its Leisure Fund with a 拢71 mln (EUR 83 mln) facility provided by the Royal Bank of Scotland. The facility runs for five years and incorporates the potential to draw down an additional 拢40 mln for future investment opportunities.
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PropertyEU Archive
RREEF buys Alstom's Paris HQ for EUR 99m
RREEF has acquired the Paris headquarters of train systems specialist Alstom Transport for EUR 98.7 mln. The transaction was carried out on behalf of RREEF's open-ended fund Grundbesitz Europa.
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PropertyEU Archive
Willhem acquires student flats in Sweden
Swedish property investor Willhem has acquired two buildings with student apartments for EUR 15 mln. The vendor of the properties in Halmstad was Swedish private property firm Fragerus Fastigheter.
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PropertyEU Archive
Newsec's Vilnius mall goes on the block
Nordic property services firm Newsec has launched a public tender to sell the Gedimino 9 shopping centre in Vilnius, Lithuania.
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PropertyEU Archive
Hufvudstaden buys office property in central Stockholm
Swedish listed property company Hufvudstaden has acquired an office property in Stockholm for SEK 477 mln (EUR 51.5 mln) from listed Swedish peer Fabege. The transaction is expected to complete in mid-December.
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PropertyEU Archive
Patrizia buys Motel One hotel in Munich
German listed property company Patrizia has acquired a Motel One hotel on Tegernseer Landstrasse in Munich for an undisclosed amount. The acquisition from Gecon Immobilien, a B眉schl Group company, was carried out by Patrizia's institutional fund management KAG business for the LB Hotel-Invest Deutschland I fund.
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PropertyEU Archive
Irish bank gears up to sell EUR 1.4b in property loans - report
State-controlled lender Allied Irish Banks is mulling the sale of up to EUR 1.4 bn of property loans made on homes, offices and shops across Ireland, according to a news report in the Financial Times.
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PropertyEU Archive
Middle Eastern investor buys 2 London hotels
Capital Hill Hotels Limited, a Middle Eastern hotels investor, has completed the acquisition of two London hotels for for 拢192 mln (EUR 224 mln). The vendors of St Martins Lane hotel and Sanderson hotel are Morgans Hotel Group Co and an affiliate of Walton Street Capital.
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PropertyEU Archive
HSH Nordbank to triple new lending in 2012
German property financier HSH Nordbank said it plans to boost new lending by close to EUR 3 bn in 2012 following an expected new business volume of EUR 1 bn this year.
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PropertyEU Archive
Stam eyes EUR 400m closing for Stam REI IV
French fund manager Stam Europe is seeking to raise EUR 400 mln of equity for its fourth European value-added fund, which is expected to hold its first close in the first quarter of 2012.
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PropertyEU Archive
AXA denies reports of EUR 600m Catalan purchase
AXA Real Estate denied reports on Monday that it has been selected as the preferred buyer for a porftolio of commercial assets being sold by the Catalan government.
