All PropertyEU Archive articles 鈥� Page 1724
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PropertyEU Archive
Land Secs acquires leisure complex for EUR 23m
UK REIT Land Securities has bought a leisure and restaurant complex in the English spa town of Bath in an off-market transaction for 拢20 mln (EUR 23 mln). The vendor of the 8,300 m[sup]2[/sup] Kingsmead complex is real estate investment company Aprirose.
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PropertyEU Archive
Canary Wharf prelets half of 25 Churchill Place tower
Canary Wharf Group has signed a prelet agreement for half of its 500,000 sq ft (46,000 m2) tower development at 25 Churchill Place in London's Canary Wharf office estate. The European Medicines Agency (EMA) is to occupy 23,000 m[sup]2[/sup] over the promenade, ground and the first nine office floors in ...
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PropertyEU Archive
Picton recruits 5-strong ING UK REIT team
UK-based real estate group Picton is recruiting five employees from ING Real Estate Investment Management in the UK. The five are all members of the team of London-listed ING UK Real Estate Income Trust, which is transforming itself into a self-managed company called Picton Property Income Limited.
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PropertyEU Archive
AREOF to buy two shopping parks in Romania
Argo Real Estate Opportunities Fund (AREOF) plans to acquire two Era shopping parks in the Romanian cities of Oradea and Iasi. The closed-ended investment company said the properties will be purchased from funds managed by Argo Capital Management Cyprus, an associate of AREOF's investment manager.
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PropertyEU Archive
CBRE Investors buys retail asset in Oslo
Global real estate investment manager CBRE Investors has acquired a retail asset in the centre of Oslo on behalf of its Pan-European Core Fund (PEC). The financial details were not disclosed.
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PropertyEU Archive
Kronberg JV makes first purchase in Berlin
Residenz Berolina, a joint venture of Kronberg International and the Medical Association of Styria, has announced the acquisition of a portfolio consisting of 32 properties in Berlin. The vendor is an unnamed Danish family holding company. Financial details were not disclosed.
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PropertyEU Archive
Development completions in CEE at record low: CBRE
The office stock in Central & Eastern Europe grew modestly during the first half of 2011, but development completions remained at the lowest level on record, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
CBRE strengthens crossborder retail teams
CB Richard Ellis (CBRE) has strengthened its Europe, Middle East, and Africa (EMEA) and Asia retail teams with several senior appointments. In Sweden, Magnus Hammar has been appointed to the role of head of Retail and Logistics Advisory and will be based in Stockholm. His experience primarily includes asset management ...
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PropertyEU Archive
Signa picks Hyatt to operate Vienna hotel project
Austrian private investor Signa Group has signed a management agreement with Hyatt Hotels & Resorts for a planned five-star luxury hotel in Vienna's city centre.
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PropertyEU Archive
TNK-BP sells Moscow's Alfa Arbat Center for EUR 170m
Cushman & Wakefield (C&W) has confirmed the sale of the Alfa Arbat Center office complex on Moscow' Arbat Street to Promsvyaznedvizhimost, owned by Russian billionaires, Alex颅ey and Dmit颅riy Ananyev. The transaction, which was carried out on behalf of Russian oil group TNK-BP, amounts to $238 mln (EUR 167 mln).
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PropertyEU Archive
Immofinanz expects earnings to double by 2013
Immofinanz Group is on track to lift earnings to around EUR 600 mln by the 2012/2013 fiscal year, CEO Eduard Zehetner told PropertyEU. The company reported this week that full-year net earnings soared 60% to EUR 315.5 mln in the year ended 30 April 2011.
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PropertyEU Archive
AXA Real Estate sells Grosvenor mall for EUR 24m
AXA Real Estate Investment Managers has sold the Grosvenor shopping centre in Macclesfield, England, to UK commercial property investor Eskmuir. The property was sold for 拢21 mln (EUR 24 mln) on behalf of AXA's client, Friends Life Company,
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PropertyEU Archive
IdeaFimit launches EUR 243m Banca Marche fund
IdeaFimit has launched Banca Marche first real estate fund after reaching an agreement with the Italian bank in early 2011. The move, which was tipped by PropertyEU in February, involves Banca Marche selling a portfolio of 135 properties, 128 of which are bank branches, to a new investment vehicle called ...
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PropertyEU Archive
Etalon to build St Petersburg's EUR 350m congress project
Russian listed property developer Etalon has signed an agreement with ExpoForum to become the general building contractor for the first stage of a major congress and exhibition centre in St Petersburg.
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PropertyEU Archive
Colony Capital buys EUR 370m German NPL portfolio
US private equity firm Colony Capital has acquired a portfolio of institutional real estate collateralised non-performing loans (NPL) from four German banks: Eurohypo, Landesbank Hessen-Th眉ringen, Berlin Hyp and Archon Capital Bank.
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PropertyEU Archive
CPI takes 50% stake in Prague's flagship Copa Centrum project
Czech Property Investments (CPI), a Prague-based company owned by financier Radovan Vitek, has purchased a 50% stake in the Copa Centrum Narodni in a landmark transaction for the Czech property market.
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PropertyEU Archive
CPI completes EUR 73m purchase in Slovakia
Czech Property Investments (CPI), a Prague-based company owned by financier Radovan Vitek, has completed the purchase of a logistics park in the Slovakian town of Lozorno, near Bratislava, from Aire GmbH & Co (formerly AIG International Real Estate). The transaction, totalling EUR 73 mln, is the largest investment deal in ...
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PropertyEU Archive
BAM, Amber to develop Federal Ministry's HQ in Berlin
A consortium led by the German arms of Dutch development group BAM and UK contractor Amber has won the EUR 115 mln contract to develop the new Berlin headquarters for the Federal Ministry for Education and Research.
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PropertyEU Archive
Funding dynamics shift as UK investors gain confidence: Lloyds Bank
Investors in the UK appear more prepared to accept alternative sources of financing, according to the latest Commercial Property Confidence Monitor released on Friday by Lloyds Bank Corporate Markets together with the Investment Property Forum.
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PropertyEU Archive
Taco de Groot named CEO at Vastned Retail
Dutch property fund VastNed Retail has appointed Taco de Groot as new Chief Executive Officer, effective September 1.
