All PropertyEU Archive articles 鈥� Page 1712
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PropertyEU Archive
Hines fund buys Birmingham office property
Hines has announced that its Pan-European Core Fund (HECF) has acquired an office property in Birmingham for an undisclosed sum. The vendor was the institutional fund arm of German listed property company IVG.
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PropertyEU Archive
Wife of ex-Moscow mayor offloads property company
Binbank's chief executive Mikhail Shishkhanov in partnership with Russia's savings bank Sberbank Investments is buying Inteco, one of the country's leading construction and property companies, for a price said to amount to $1.2 bn (EUR 850 mln).
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PropertyEU Archive
European pooled funds stay postive: IPD
Cross-border European property funds recorded a fifth consecutive quarter of positive returns, delivering 1.2%, despite ongoing eurozone debt contagion concerns, according to the IPD pan-European Pooled Funds Index.
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PropertyEU Archive
Sjaelso Gruppen pulls out of Poland
Danish listed property group Sjaelso is to withdraw from the Polish real estate market due to the financial crisis. Sjaelso, which owns a DKK 274 mln (EUR 38 mln) development portfolio in Poland, said activities will be closed down as the company is no longer able to secure the necessary ...
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PropertyEU Archive
Savills forecasts investment slowdown in H2
International real estate advisor Savills has forecast a slowdown of investment activity in the European property sector during the second half of 2011. Nevertheless, Savills said that some European markets - including France, Germany, Ireland and Norway - will beat 2010 levels in terms of annual turnover.
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PropertyEU Archive
Curzon fund acquires Glasgow office for EUR 23m
Pan-European property investment manager Tristan Capital has announced that one of its funds has acquired a newly-developed office building for EUR 23 mln. The vendor was Lloyds Bank through administrators Grant Thornton.
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PropertyEU Archive
Commerz Real closes EUR 700m power grid deal
Commerz Real has completed the groundbreaking acquisition of a majority stake in the German energy giant RWE's transmission grid for EUR 700 mln.
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PropertyEU Archive
Gagfah offers to buy back EUR 75m shares
Listed German residential property company Gagfah has announced an offer to buy back up to EUR 75 mln of its shares. The offer will be in the form of a modified Dutch auction with an offer price of between EUR 3.50 and EUR 5 per share.
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PropertyEU Archive
Deka acquires Biz Two office complex in Vienna
German fund manager Deka Immobilien is buying the Bis Two office complex in Vienna on behalf of the open-ended property fund Westinvest Immovalue. The vendor is Austrian developer IC Projektentwicklung. The financial details were not disclosed.
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PropertyEU Archive
Private investor buys shop units in Amsterdam
A private investor has acquired five retail units on one of the most exclusive shopping streets in Amsterdam. The financial details were not disclosed but PropertyEU estimates the investment volume of EUR 18 mln. This reflects a yield below 4.75%.
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PropertyEU Archive
CBRE Hotels mandated to sell London development
CBRE Hotels have been instructed to market a hotel development site in Southwark, London. Situated in booming Bankside, an area which is seeing significant regeneration, the hotel is located between Southwark Underground station and the famous Tate Modern art gallery.
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PropertyEU Archive
C&W to property manage for new Henderson fund
Global real estate adviser Cushman & Wakefield (C&W) has been commissioned to provide property management services to the recently launched Henderson German Retail Income Fund (HGRIF).
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PropertyEU Archive
Sovereign debt issues polarise property markets
Sovereign debt issues are likely to continue to overshadow the fragile and uncertain outlook for the European economy, according to Knight Frank. This in turn is having a significant impact on the property sector, notably in respect of occupier and investor confidence.
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PropertyEU Archive
International investors drive down Dutch office yields
International investors are showing a strong interest in the main Dutch office markets, resulting in net yields being driven downward to between 5.3% and 5.7%, according to research released by Savills.
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PropertyEU Archive
Majoirty of Von Essen Hotels under offer
Property adviser Christie + Co has said that that 19 out of 28 of Von Essen Hotels in the UK are now under offer following two rounds of a bidding process.
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PropertyEU Archive
Grosvenor FM recruits Giles Wintle
Grosvenor Fund Management has appointed Giles Wintle as deputy managing director for Continental Europe. Wintle, who has 15 years experience in European real estate, joins from GIC Real Estate, where he oversaw the investment activity in France, Italy, Nordics, CEE and Russia.
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PropertyEU Archive
Henderson gets go-ahead for EUR 120m scheme
Henderson Global Investors (Henderson) has been granted outline planning approval for its retail-led scheme in the market town of Bishop's Stortford in England.
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PropertyEU Archive
Russia sees largest ever deal volume in Q2: CBRE
Investment in Russian commercial real estate hit a record high in the second quarter of 2011, exceeding even the boom levels reached in the years of 2005 to 2008, according to new research released by CB Richard Ellis.
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PropertyEU Archive
Rockspring secures EUR 219m loan for O'Parinor mall
International property fund manager Rockspring has obtained a EUR 219 mln debt facility in one of the largest real estate financing deals in France this year. The loan is securitised against the O'Parinor shopping centre in the north of Paris. It was provided by German property lenders Helaba and Aareal ...
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PropertyEU Archive
Christie + Co brings 5-star London hotel to market
Christie + Co has been appointed to to sell a five-star hotel on London's South Bank. The property adviser received the mandate from Maurice Moses and Angela Swarbrick, joint administrators of Hotel Verta and Verta Properties.
