All PropertyEU Archive articles 鈥� Page 1695
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PropertyEU Archive
Allianz, Cov茅a launch EUR 540m bid for FPF
German insurer Allianz is teaming up with its French peer Cov茅a to launch a bid for Fonciere Paris France (FPF) a month after the French real estate investment trust saw an offer from Fonciere des Regions collapse in the wake of the recent market turmoil.
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PropertyEU Archive
Captiva fund acquires German retail for EUR 56m
Captiva Capital Partners III has acquired a retail portfolio in south-western Germany for over EUR 56 mln. The vendor was Romanian billionaire Dinu Patriciu's international property company, Dinu Patriciu Global Properties (DPGP).
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PropertyEU Archive
FDL sells German housing portfolio for EUR 78m
Fonci猫re D茅veloppement Logements (FDL) has announced the sale of 1,163 housing units in Germant to an unnamed German institutional investor. The sales price comes to a total of EUR 78 mln, in line with the asset's appraised value.
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PropertyEU Archive
Event Hotel acquires Radisson Blu in Tallinn
Cologne-based Event Hotel Group has acquired the 280-room Radisson Blu and an adjacent office building in Tallinn, Estonia. A company affiliated to Event paid an undisclosed amount for the hotel and office building.
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PropertyEU Archive
MGPA eyes new retail acquisition in Germany
MGPA is working on a fresh retail acquisition in Germany for an unnamed separate account investor, Marius Schoener, head of MGPA Germany told PropertyEU on the first day of the EXPO REAL fair in Munich on Tuesday. Schoener declined to provide further details, but said the investment volume was between ...
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PropertyEU Archive
NSI shareholders approve merger with Vastned O/I
A new listed real estate company joins the Amsterdam stock exchange and one leaves this week after shareholders of Nieuwe Steen Investments (NSI) backed the proposal to merge with VastNed Offices/Industrial. As announced earlier, the combined company, to be called NSI, will manage a western European portfolio of retail and ...
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PropertyEU Archive
Cit芒nia gets go-ahead for bank HQ near Lille
Cit芒nia, the urban development arm of French shopping centre specialist Immochan, has received the green light for the development of Oney Banque Accord's new headquarters on the Clinic du Parque site at 34, Avenue de Flandres in Croix, near Lille.
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PropertyEU Archive
Union Investment starts refurbishnment of City office building
German fund manager Union Investment is investing EUR 34 mln in the refurbishment of an office property in the City of London to cater for the demand for energy-efficient core space in London's financial district.
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PropertyEU Archive
Middle Eastern-UK JV buys into Cambridge business park
A joint venture between Middle Eastern capital, advised by WW Advisors, and London AIM-listed Alpha Tiger Property Trust has acquired three office buildings that are part of Cambourne Business Park, Cambridge. The transaction price amounts to 拢23 mln (EUR 26 mln) including acquisition costs.
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PropertyEU Archive
ICSC calls for more transparency on service charges
The International Council of Shopping Centers (ICSC) has called for more transparency in relation to service charges at European shopping centres.
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PropertyEU Archive
CBRE Hotels sets deadline for Central London hotel dev sites
CBRE Hotels has set an October 17 deadline for offers for both the InterContinental Westminster and the Hilton Southwark development sites in Central London.
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PropertyEU Archive
Retail in Russian regions set to draw institutionals: CBRE
International institutional investors are expected to start buying into retail in Russian secondary cities next year as the segment offers secure opportunities at attractive cap rates of 11-12%, Bill Lane, board member of CBRE in Russia told PropertyEU in an interview.
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PropertyEU Archive
Gecina dismisses CEO, outlines new strategy
French REIT Gecina said its directors have unanimously decided to dismiss Christophe Clamageran as Chief Executive Officer as a result of differences concerning the priorities for the implementation of Gecina's strategy.
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PropertyEU Archive
MAB outlines French urban planning trends
Densification and diversity of urban functions will be two major trends in French urban planning projects, according to research by Dutch property developer MAB Development.
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PropertyEU Archive
Unibail-Rodamco buys 3rd Barcelona mall for EUR 189m
Unibail-Rodamco has acquired Splau shopping centre in Barcelona for EUR 189 mln. Europe's largest listed property company now owns three large shopping centres in the Spanish city.
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PropertyEU Archive
RREEF clinches EUR 162m deal for Asian pension fund
RREEF Real Estate, the real estate investment management arm of Deutsche Bank's asset management division, said it has acquired a business park in the UK town of Reading for 拢140.15 mln (EUR 162 mln) on behalf of a leading Asian pension fund. According to well-informed sources, the buyer is Malaysia鈥檚 ...
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PropertyEU Archive
Deutsche Hypo leads EUR 280m residential financing
German financier Deutsche Hypo has led a consortium that is providing EUR 208 mln in funding for a portfolio of 4,900 residential units in Germany. The contracts between the financing group and four subsidiaries of German residential property company Deutsche Wohnanlage were signed at Expo Real in Munich.
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PropertyEU Archive
Deka buys two more Friedrich Carr茅 assets for EUR 53m
German fund manager Deka Immobilien has acquired two further assets at the Friedrich Carr茅 mixed-use complex in Berlin for EUR 53 mln. The assets will be added to Deka鈥檚 open-ended fund Deka Immobilien-Europa. The vendor is DBR Friedrichscarr茅e, a subsidiary of Oslo-based Prime Office Germany.
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PropertyEU Archive
Bridge Properties acquires developer of Polish mall
Bridge Properties (CEE) Limited, a privately held UK investment vehicle that forms part of investment group Bridgehouse, has acquired New Europe Property Holdings Limited (NEPH), the developer of the Si贸demka regional shopping centre in Elblag, Poland. The takeover sum was not disclosed.
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PropertyEU Archive
Veritas acquires office project in Finland
Veritas Pension Insurance has acquired a Sola Business Valley office building in Espoo, Finland from Lujatalo for an undisclosed sum. The 16,600 m[sup]2[/sup] office will be handed over to Veritas upon completion in spring 2013, the two companies said in a statement.
