All PropertyEU Archive articles 鈥� Page 1686
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PropertyEU Archive
Unibail-Rodamco's revenues grow despite disposals
Unibail-Rodamco, Europe's largest listed property group, has reported a higher than expected increase in revenues to EUR 1.2 bn so far in 2011, up 1.9% on the previous year.
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PropertyEU Archive
CBRE sees 21% revenue increase in Q3
New York-listed real estate services firm CBRE saw revenue rise 21% to $1.5 bn (EUR 1 bn) in the third quarter despite the financial and economic uncertainty. The positive figure - which compares to some $1.3 bn in Q2 2010 - was mostly driven by strong growth in outsourcing, which ...
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PropertyEU Archive
Echo Investment sells Polish shopping centre for EUR 24m
Echo Investment has sold the Echo shopping centre in Pabianice, Poland to local investor PH 3 for nearly EUR 24 mln.
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PropertyEU Archive
Hammerson offloads remaining 24% of O'Parinor
UK REIT Hammerson has agreed to exercise its option to sell a further 24% interest in O鈥橮arinor shopping centre, Aulnay-sous-Bois, near Paris to Rockspring Property Investment Managers acting on behalf of Korean pension fund NPS. Hammerson's net proceeds from the sale total EUR 106 mln.
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PropertyEU Archive
LGP announces internal restructuring
Legal & General Property (LGP) has announced a restructuring of its senior management team to support the growth of its business.
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PropertyEU Archive
Blackstone launches Polish retail fund
US private equity group Blackstone is launching King's Street Retail, a fund investing in Polish retail assets.
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PropertyEU Archive
Investor trio buys Carr茅 Br茅guet project in Paris
A joint venture of Stam Europe, AEW Europe and Tristan Partners has signed a forward purchase contract for the Carr茅 Br茅guet development project in the 11th arrondissement of Paris for EUR 110 mln. The vendor is Cr茅dit Agricole Immobilier.
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PropertyEU Archive
European commercial property recovery continues: C&W
Despite the deepening of the debt crisis, European property investment markets saw trading volumes rise in Q3 to EUR 28.8 bn, according to the latest research from Cushman & Wakefield. The figure represents a 5% increase on the previous quarter and a 12.3% rise on the year-to-date.
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PropertyEU Archive
Cordea Savills launches prime London resi fund
Cordea Savills is launching the Prime London Residential Development Fund to capitalise on opportunities created by the development 'funding gap'. The vehicle - which is targeting an IRR of 18-20% per annum - will have a target size of 拢250 mln (EUR 285 mln) with the first closing scheduled for ...
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PropertyEU Archive
Multi's K枚nigsgalerie Duisburg opens its doors
Multi Development's K枚nigsgalerie Duisburg shopping centre opened its doors last week following a two-year redevelopment involving an investment of EUR 80 mln.
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PropertyEU Archive
St Modwen seeks planning permission for Etruria Valley
UK regeneration specialist St Modwen has submitted an outline planning application for the latest phase of its Etruria Valley development in Stoke-on-Trent in the UK.
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PropertyEU Archive
Germany 'natural' next place to go for SWFs
Availability of senior financing for real estate will remain tight for the next four to six years, John Carrafiell, managing partner of GreenOak Real Estate, said during a panel discussion at the inaugural DIC Asset Investors Day in Frankfurt on Thursday. 鈥楤anks have no choice but to shrink their balance ...
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PropertyEU Archive
Investment opportunities increase in London and Paris
The number of commercial investment properties being brought to the market in Europe has increased since the end of the summer, with 拢6.5 bn (EUR 7.4 bn) of offices for sale in Central London alone, according to the latest report from global property adviser CBRE.
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PropertyEU Archive
La Fran莽aise REM buys office in Montrouge for EUR 101m
La Fran莽aise Real Estate Managers has bought Le Min茅ralis office building in the southern Paris suburb of Montrouge from German insurer Munich Ergo Asset Management for EUR 101 mln.
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PropertyEU Archive
MSREF set to buy EUR 204m Teal portfolio - report
Morgan Stanley Real Estate Funds is said to be closing in on the purchase of a 拢180 mln (EUR 204 mln) portfolio of industrial properties from Prologis.
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PropertyEU Archive
Immofinanz's Maritimo mall opens 99% let
Listed Austrian property group Immofinanz has announced the opening of its Maritimo shopping centre in Constanta, Romania.
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PropertyEU Archive
Prelios appoints new CFO
Listed Italian property firm Prelios has appointed Riccardo Taranto as its new chief financial officer. He succeeds Gerardo Benuzzi who is leaving the group to pursue new professional opportunities.
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PropertyEU Archive
Colliers to sell last available island in Venice lagoon
Colliers International has received an exclusive mandate to market for sale the last island available in the Venice Lagoon, San Spirito.
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PropertyEU Archive
Partners provides mezzanine finance for hotel buy
Partners Group, the Swiss private markets investment manager, is said to have provided mezzanine financing for Blackstone's acquisition of the Mint hotel chain.
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PropertyEU Archive
TIAA-CREF buys Munich mall for record low yield
TIAA-CREF, the pension fund manager for teachers in the US, has signed a preliminary agreement to buy a shopping centre in Munich for about EUR 415 mln, according to those who track the market. The price reflects a net initial yield of 4.6%, which is a record low for prime ...
