All PropertyEU Archive articles 鈥� Page 1675
-
PropertyEU Archive
European banks put brakes on new lending
The European property financing industry has lost two major lenders within a matter of weeks, sending shock waves rippling through the sector. Last week Soci茅t茅 G茅n茅rale Corporate & Investment Banking suspended new UK and continental European property lending indefinitely as the investment bank steps up significant bank-wide balance sheet deleveraging ...
-
PropertyEU Archive
MAPIC: Saturn to rent 10,000-m[sup]2[/sup] in MAB's Rotterdam project
German electronics retailer Saturn and Dutch developer MAB have signed a rental agreement for 10,000 m[sup]2[/sup] in the Spinoza complex in Rotterdam. The store - Saturn's first in the Netherlands - will be one of the company's largest locations in Europe to date.
-
PropertyEU Archive
Invesco RE closes largest Madrid office deal of 2011
Invesco Real Estate has completed the acquisition of a 10,000 m[sup]2[/sup] office building in Madrid from Pramerica Real Estate Investors, PropertyEU has learnt. The transaction price is understood to be around EUR 40 mln, reflecting a net yield of 6.5%.
-
PropertyEU Archive
Aberdeen buys and sells for EUR 40m in Finland
Property funds managed by Aberdeen Asset Management closed transactions worth a combined EUR 40 mln in Finland during the third quarter.
-
PropertyEU Archive
Castellum invests EUR 51m in Swedish property
Stockholm-listed real estate company Castellum is investing SEK 469 mln (EUR 51 mln) through its subsidiaries in a string of properties in Sweden. Two of the larger investments involve speculative developments which do not yet have any signed tenants.
-
PropertyEU Archive
Fordgate defaults on EUR 700m securitised loan
Fordgate, the private property company of UK businessmen Moises and Mendi Gertner, is in loan restructuring negotiations with its lenders after defaulting on interest payments for a EUR 700 mln securitised senior loan.
-
PropertyEU Archive
Moorfield, Property Alliance acquire The Towers in Manchester
UK private equity fund manager Moorfield and local developer-investor Property Alliance have announced their first joint investment with the purchase of The Towers in Didsbury, South Manchester for 拢47 mln (EUR 55 mln) from Amsterdam-listed property firm Wereldhave.
-
PropertyEU Archive
Carrefour's property boss steps down after IPO put on ice
Pascal Duhamel, the head of French hypermarket chain Carrefour's property arm, has stepped down after the company shelved plans to spin off the division due to worsening market conditions.
-
PropertyEU Archive
MAPIC: JLL picked as marketing agent for Galeria Wilan贸w
Polish listed developers Globe Trade Centre and Polnord have appointed Jones Lang LaSalle as exclusive agent in the commercialisation of the Galeria Wilan贸w shopping centre in Warsaw's Wilan贸w district.
-
PropertyEU Archive
MAPIC: Multi opens luxury 'fashion street' in Ankara
European retail specialist Multi Development has added a new luxury fashion brand concept to its Forum Ankara Outlet shopping centre in Turkey.
-
PropertyEU Archive
Hatfield Philips to enforce sale of Quelle N眉rnberg asset
Special servicer Hatfield Philips is to auction the Quelle mixed-use complex in the German city of N眉rnberg after its owner defaulted on EUR 110 mln of debt backing the asset. 'The special servicer applied to the competent court for the commencement of a compulsory auction of the Quelle N眉rnberg property,' ...
-
PropertyEU Archive
MAPIC: Brussels ranked most attractive shopping city in the Benelux
Brussels leads the ranking of most attractive retail destinations in the Benelux compiled by international broker Cushman & Wakefield. Brussels was followed closely by Amsterdam and Antwerp. Maastricht and Bruges also received good to outstanding marks. The C&W Benelux Retail Monitor includes 30 main cities in the Benelux.
-
PropertyEU Archive
CEE banks favour restructuring to foreclosure
Some 30% of real estate loans in Central and Eastern Europe are considered to be impaired but lenders in the region still favour restructuring to foreclosure. In 2011 about 10% of property loans suffer from 鈥榮erious impairment鈥� while a further 21% have 鈥榤inor impairment鈥� in CEE, according to data compiled ...
-
PropertyEU Archive
Sonae Sierra to manage Croatian retail development
International shopping centre specialist Sonae Sierra is reinforcing its third-party business with a new mandate to take over the development management of a mall project in Croatia.
-
PropertyEU Archive
MAPIC: Foreign investors dominate Swedish retail market
Foreign investors accounted for 94% of the retail property transactions during the first half of 2011 in Sweden, a market traditionally seen as dominated by the large domestic pension funds and insurers. This compares to 70% in 2010 and 30% in 2009, according to Jones Lang LaSalle鈥檚 latest Swedish Retail ...
-
PropertyEU Archive
Q-Park secures EUR 1.1b refinancing
European car park group Q-Parks has signed a EUR 1.1 bn credit facility with a syndicate of 11 European banks. The facility will be used to refinance an existing loan of EUR 965 mln and to help fund investment plans.
-
PropertyEU Archive
MAPIC: Redevco to invest EUR 105m in Bordeaux project
European retail property company Redevco has unveiled plans during the Mapic fair for a 30,000 m[sup]2[/sup] open-air commercial development in the historic heart of the French city of Bordeaux. Redevco said the Promenade Sainte-Catherine project will represent a total investment of EUR 105 mln.
-
PropertyEU Archive
MWB closes EUR 120m hotel sale-and-leaseback in UK
London-listed hotel group MWB has completed the sale-and-leaseback of five hotels for a combined total of 拢103 mln (EUR 120 mln).
-
PropertyEU Archive
Wereldhave acquires London mall for EUR 182m
Amsterdam-listed property company Wereldhave is acquiring Ealing Broadway shopping centre in West London. The investment volume of EUR 182 mln reflects a net initial yield of 6.5%.
-
PropertyEU Archive
Henderson sells Paris office building for EUR 22m
Henderson Global Investors has sold an office building in Paris for EUR 22 mln to an unnamed investor. The 2,500 m[sup]2[/sup] building is located at 15 rue du 4 September in the second district of Paris. The property is predominantly used for offices though the ground floor is dedicated ...
