All PropertyEU Archive articles 鈥� Page 1674
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PropertyEU Archive
FastPartner snaps up 5 Stockholm malls from RBS' Centeni
Swedish property firm FastPartner has acquired a portfolio of five shopping centres in Stockholm from the Royal Bank of Scotland's Centeni, the former joint venture company established by UK private investment firm Boutlbee and collapsed investment bank Lehman Brothers. Financial details were not disclosed.
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PropertyEU Archive
AXA Real Estate's Kiran Patel quits
Kiran Patel said on Tuesday he was resigning as global head of business development, distribution, research and strategy at AXA Real Estate to pursue new opportunities. Patel will leave the company at end-December after 11 years with the French property fund management group.
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PropertyEU Archive
Blackstone backs Berggruen's bid for Kaufhof - report
Nicolas Berggruen, the Karstadt department store chain owner, has teamed up with US group Blackstone to mount an improved offer for Metro's Kaufhof unit, according to a news report in German newspaper Frankfurter Allgemeine Zeitung.
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PropertyEU Archive
Banks favour development financing in Poland
Banks prefer to finance new development projects rather than existing assets in Poland, according to a study carried out by accountancy firm KPMG. In Austria and Slovakia, lenders are equally open to financing either development or existing assets, the findings show.
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PropertyEU Archive
Opco-propcos face 'painful' refinancing challenge, report warns
Stakeholders in opco-propco structures will be hard put to meet the looming refinancing challenge, according to a report published by financial adviser Bishopsfield Capital Partners. The majority of opco-propco real estate structures - whereby a property company is split between an operating division (the opco) and a unit for its ...
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PropertyEU Archive
Foreign investors own majority of City of London offices
Foreign investors now own 52% of the Square Mile鈥檚 office stock, up from 8% in 1980 and continuing an upward trend seen since the Big Bang, according to the 'Who Owns the City' report published on Tuesday by Development Securities.
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PropertyEU Archive
Colliers to manage GE's Romanian logistics parks
Colliers International has been appointed property manager of Olympian Logistic Parks in Romania, a 45,000 m[sup]2[/sup] industrial portfolio owned by GE Capital Real Estate in partnership with Helios Phoenix.
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PropertyEU Archive
Futureal eyes five Polish projects
Budapest-based property developer Futureal is carrying out due diligence to buy five joint venture development schemes in Poland, Romania and Hungary, CEO Gabor Fut贸 has told PropertyEU. The assets are a mix of office and retail schemes, but Fut贸 declined to give further details until it was clear which deals ...
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PropertyEU Archive
CA Immo takes 100% control of Munich's Skygarden
Vienna-listed real estate investor CA Immo has bought out its partner, developer OFB Projektentwicklung, in their 50:50 joint venture in the Skygarden office scheme in Munich. CA Immo is now the sole owner of the recently completed property.
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PropertyEU Archive
Morgan Stanley sells EUR 2.7b German asset manager
Morgan Stanley is selling German asset manager Argoneo Real Estate to EPM, a subsidiary of Bilfinger Berger Facility Services, with effect from January, EPM confirmed on Monday. Argoneo manages commercial property assets throughout Europe valued at some EUR 2.7 bn.
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PropertyEU Archive
Schroder Nordic fund invests EUR 20m in Sweden
Schroder Property has bought a second retail property in Sweden for around EUR 20 mln for its Nordic Property Fund in a deal reflecting an initial yield of 6.3%. The acquisition of Coop Forum in the city of Helsingborg follows the purchase, also in the second half of 2011, of ...
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PropertyEU Archive
ICSC Europe reveals finalists for 2012 awards
Sixteen shopping centres representing 11 European countries have made it to the shortlist of finalists for the International Council of Shopping Center (ICSC) Awards in Europe.
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PropertyEU Archive
CSC secures EUR 437m revolving facility
London-listed investor Capital Shopping Centres (CSC) has secured a 拢375 mln (EUR 437 mln) revolving credit facility which will be used to provide liquidity for the group.
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PropertyEU Archive
Resolution acquires 80% stake in Polish mall
Resolution Property has acquired an 80% stake in the Supersam shopping centre in Katowice, Poland. The deal is part of a EUR 60 mln joint venture with Prime Properties Company, which is part of the Warsaw-based Centrum Development and Investments Group.
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PropertyEU Archive
LGP appoints Adam Kerr as transactions chief
Legal & General Property (LGP) has appointed Adam Kerr as the new head of transactions. Kerr is the latest senior addition to LGP, following the restructuring of its management team announced last month, which included the promotion of Gordon Aitchison, former head of transactions, to a new position of director ...
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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. He also held past positions as senior vice president and treasurer of First Union ...
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PropertyEU Archive
Savills appoints head of Swedish property management
International real estate adviser Savills has appointed Dante Felixson to head the commercial property management team at its Stockholm office.
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PropertyEU Archive
AXA rolls out 'green lease' concept in Germany
AXA Real Estate Investment Managers has introduced green leases for all its commercial lettings in Germany. The lease format is already being implemented in France, where about 20 new contracts have been signed.
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PropertyEU Archive
Sarah Leroy named legal head at AXA RE
Sarah Leroy has been appointed to head the global legal department at AXA Real Estate Investment Managers. She will head a 14-strong team dealing with all the legal issues relating to the management of real estate assets and commercial real estate loans.
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PropertyEU Archive
Pramerica confirms Madrid deal with Invesco
Pramerica Real Estate Investors has confirmed the sale of the Tit谩n 4 office building in Madrid to Invesco Real Estate, as reported by PropertyEU last week. Financial details were not disclosed but the transaction price is understood to be around EUR 40 mln, reflecting a net yield of 6.5%.
