All PropertyEU Archive articles 鈥� Page 1682
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PropertyEU Archive
Capco obtains EUR 350m loan from BNP Paribas-led consortium
UK investor Capital & Counties Properties (Capco) was granted a new 拢300 mln (EUR 350 mln) debt facility to refinance its 2013 Covent Garden loan. The refinancing includes 拢60 mln of debt capital for acquisitions and is led by BNP Paribas and HSBC Bank along with a further consortium of ...
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PropertyEU Archive
Catella advises on five new bank-related mandates
Catella Group is currently advising on five bank-related mandates involving distressed assets or loans, Erik Westerlund, partner at the Stockholm-based adviser told PropertyEU. He declined to reveal the identity of the owners, but said the assets range from small to large portfolios and had a total value of EUR 500 ...
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PropertyEU Archive
BNP Paribas signs new alliance in Switzerland
BNP Paribas Real Estate is expanding its international presence with the signing of a new strategic alliance in Switzerland.
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PropertyEU Archive
DTZ picks Australia's UGL as preferred bidder
International property broker DTZ said on Tuesday it has selected Australian listed property services firm UGL as its preferred bidder.
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PropertyEU Archive
German savings bank takes control of Corpus Sireo
German savings bank Sparkasse K枚lnBonn is raising its interest in Cologne-based Corpus Sireo to 50%, from 25% held previously. The shares are to be acquired from company co-founder Michael Zimmer for an undisclosed price.
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PropertyEU Archive
Syrdall business park faces forced sale
The Syrdall business park in Munsbach, Luxembourg is facing a forced sale after its owners defaulted on the loan backing the asset due in April 2011.
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PropertyEU Archive
Global hotel chains eye Starwood Capital's hotel portfolio - report
Global private equity real estate firm Starwood Capital has reportedly received four bids for its eight-strong hotel portfolio from major hotel chains, backed by sovereign investor equity, as well as its former hotel company subsidiary.
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PropertyEU Archive
On-line retail just as costly as shops: ICSC conference hears
The high costs of transport and returning products make selling on-line no cheaper than running a traditional store, delegates at ICSC's European Research Seminar in Copenhagen heard last week. Customers spend four times more in-store than online, according to research, confirming the importance of shopping centres and high streets to ...
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PropertyEU Archive
Deka buys for EUR 25m in the UK
German fund manager Deka Immobilien has announced the purchase of Direct Line House in Birmingham's central business district from Fuji Properties Limited for around EUR 25 mln.
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PropertyEU Archive
Drago Capital JV buys 50% in EUR 300m RBS portfolio
Spanish private investor Drago Capital has partnered with an unnamed Canadian institutional investor to acquire a 50% stake in a Spanish real estate portfolio owned by the Royal Bank of Scotland.
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PropertyEU Archive
Union sells Marseilles office to Perial for EUR 38m
German fund manager Union Investment Real Estate has sold the Espace Gaymard office building to French firm Perial Asset Management for just over EUR 38 mln, generating net proceeds of around EUR 5.3 mln. The property is being added to Perial's SCPI POF2 real estate fund.
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PropertyEU Archive
Goodman's European Fund completes EUR 400m rights issue
Goodman European Logistics Fund (GELF) has launched a EUR 400 mln underwritten equity raising and agreed credit approved terms for a new EUR 800 mln debt package.
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PropertyEU Archive
Wereldhave sells Finnish department store for EUR 45m
Dutch listed real estate company Wereldhave has sold a Stockmann department store in the Tapiola area of Espoo, Finland, to Tapiola KR III fund. The transaction price was EUR 45 mln, well above the book value.
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PropertyEU Archive
Corpus Sireo markets 54 AXA REIM properties in Germany
Corpus Sireo has announced that it sold a residential and commercial building in M眉nster on behalf of AXA Real estate Investment Managers to an unnamed private investor. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Henderson's Herald beefs up European portfolio
Henderson Global Investors' EUR 1bn Herald retail property fund has acquired the Galerie des Ailes shopping centre in Le Blanc Mesnil, a suburb of Paris in France, as well as a Real hypermarket and gallery in Dreieich, Germany. The two transactions equate to around EUR 100 mln.
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PropertyEU Archive
DTZ says preliminary bids offer 'minimal value'
DTZ saw its shares plummet by nearly 90% to 2.37 pence on Monday morning after it said that the preliminary takeover bids received offer 'minimal value'.
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PropertyEU Archive
Hemfosa grabs biggest share of Kefren portfolio
Sweden's Hemfosa has emerged as the largest buyer of the Kefren portfolio sold by Stockholm-based Catella during a public auction last month, Erik Westerlund, partner at Catella, told PropertyEU. The Stockholm-based listed company accounted for a share of 54% of the total portfolio in value terms, Westerlund said.
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PropertyEU Archive
Savills brings commercial site in Limerick to market
International real estate advisor Savills has brought to market a three-acre commercial site in Limerick's main shopping district for a quoting price of circa 拢12.5 mln (EUR 15 mln).
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PropertyEU Archive
ECE, CA Immo sell congress centre to Messe Frankfurt
German trade fair organiser Messe Frankfurt has purchased the congress centre being developed in Frankfurt's Europaviertel district by a joint venture of Hamburg-based developer ECE and Austrian listed firm CA Immo. The companies agreed to keep financial details confidential.
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PropertyEU Archive
Invesco confirms purchase of Futurama in Prague
Invesco Real Estate, the international property investment manager, has purchased the Futurama business park in Prague's Karlin district. Although the financial details were not disclosed, the deal is believed to be worth some EUR 50 mln reflecting a gross initial yield of 6.9%. Invesco said the transaction was made on ...
