All PropertyEU Archive articles 鈥� Page 1726
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PropertyEU Archive
C&W picked as exclusive agent for 52,500-m[sup]2[/sup] Volgograd scheme
Cushman & Wakefield (C&W) has been appointed exclusive agent for VolgogradCity, the first Class-A business centre in the Russian industrial city of Volgograd.
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PropertyEU Archive
RBS in EUR 210m Milan deal with Risanamento
Italian ailing property developer Risanamento has agreed the sale of two commercial properties in Milan to its creditor, Royal Bank Of Scotland (RBS), in a deal valuing the assets at over EUR 210 mln.
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PropertyEU Archive
BA pension fund sells in London at 3% yield
Savills has sold two retail assets at 138 New Bond Street and 40-41 Old Bond Street in London to private investors, on behalf of British Airways Pension Fund. The total price for the assets was just over 拢28 mln (EUR 32 mln).
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PropertyEU Archive
Cap&Reg agrees sale of UK retail park for EUR 81m
The Junction Fund, managed by Capital & Regional, has exchanged contracts to sell the South Aylesford retail park in Maidstone, UK to The Crown Estate for 拢71 mln (EUR 81 mln), in line with the June 2011 valuation. Completion of the sale is anticipated to take place on 30 September ...
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PropertyEU Archive
F&C REIT hires asset manager
F&C REIT Asset Management, the direct property fund management business of the F&C Group, has appointed Chris O鈥機onnell as an asset manager in the London office.
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PropertyEU Archive
Valad's shareholders back Blackstone takeover
Valad Property Group's shareholders have approved its takeover by two affiliates of Blackstone Real Estate Advisors in a deal that values Valad at roughly A$800 mln (EUR 150 mln). Some 95% of Valad shareholders backed the takeover bid at a shareholders meeting on Monday.
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PropertyEU Archive
BPT Baltic fund completes first purchase in Estonia
BPT Asset Management has secured its first real estate asset, the Lincona Office Complex in Tallinn, Estonia, for its Baltic Opportunity Fund launched in January.
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PropertyEU Archive
Tallest office block in Berlin sold to Episo and Caleus
Property fund Episo and its partner Caleus Capital Investors have bought颅颅 the landmark Treptowers office building in Berlin from a subsidiary of Allianz Real Estate. Financial details were not disclosed. Berlin-Hannoversche Hypothekenbank provided financing for the transaction.
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PropertyEU Archive
Europa Capital, Immofinanz close Vienna's Gasometer sale
A 50/50 joint venture between privately-held fund manager Europa Capital and listed property group Immofinanz has finalised the sale of OCG2, the second and final phase of its Office Campus Gasometer development in Vienna, for around EUR 75 mln. The buyer is Bank Austria Real Invest.
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PropertyEU Archive
Composition expands European deal team
Composition Capital Partners is strengthening its European deal team with the appointment of Danish national Julie Helweg to manage existing investments within its Europe Funds I & II and undertake research and due diligence for new investment opportunities for Europe Fund III.
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PropertyEU Archive
European property stocks continue downward slide
European property stocks fell 2% in July after shedding 2.1% the previous month, according to figures from GPR. The decline of the GPR 250 Europe Index was led by Spain, which fell by over 17%, followed by Poland (-11.8%), Italy (-10.8%), Austria (-6.2%) and the Netherlands (-6.1%).
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PropertyEU Archive
UBS RE offloads Sebalder H枚fe in Nuremberg
UBS Real Estate Kapitalanlagegesellschaft, the Munich-based real estate investment unit of Swiss bank UBS' Global Asset Management arm, is selling the Sebalder H枚fe mixed-use scheme in Nuremberg, Bavaria, to a unit of Talanx, the third-largest insurance group in Germany. The transaction amounts to over EUR 24 mln.
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PropertyEU Archive
CEE investment activity hits EUR 5.3b in H1: CBRE
Real estate investment in Central and Eastern Europe (CEE) reached EUR 5.3 bn in the first six months of the year, largely fuelled by strong performances in Moscow and Warsaw, according to new research by CB Richard Ellis (CBRE). This figure brings the year-to-date investment volume in the region close ...
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PropertyEU Archive
Tishman Speyer secures EUR 124m loan from Barclays
Barclays Real Estate has provided the Tishman Speyer Core European Fund with a 拢109 mln (EUR 124 mln) loan to purchase Sanctuary Buildings, a landmark freehold office building in Westminster, London, which is let to the UK Government.
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PropertyEU Archive
Reyal Urbis sells Barcelona hotel for EUR 25m
Spanish listed property firm Reyal Urbis has sold a building located in downtown Barcelona, near the Paseo de Gracia and Plaza Catalunya, to the H10 hotel group for EUR 25 mln. The operation releases EUR 9 mln in funds, the company said in a statement.
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PropertyEU Archive
Europa Capital, Ediston JV buys EUR 74m UK office portfolio
Europa Capital's Europa Fund III and Ediston Properties have acquired seven UK office properties for around 拢65 mln (EUR 74 mln). The vendor was not disclosed.
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PropertyEU Archive
Crown, Norges Bank make first joint purchase
The 75/25 Regent Street Partnership, comprising The Crown Estate and Norges Bank Investment Management (NBIM), has announced the purchase of its first two properties, 4 Conduit Street and 1 Maddox Street, for 拢28 mln (EUR 32 mln).
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PropertyEU Archive
Union snaps up Breisgau Center for new retail fund
Union Investment Real Estate has made the first acquisition for its newly-launched retail property fund for institutional investors, UII Shopping Nr. 1. The German investor has purchased the Breisgau Center scheme in the Freiburg-Haid business park in Freiburg from a property company operated by Hamburg-based Newport. The companies agreed not ...
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PropertyEU Archive
Orco links up with Unibail Rodamco to build Prague mall
CEE listed developer and investor Orco Property Group said on Monday it is joining forces with Franco-Dutch property heavyweight, Unibail Rodamco to develop a major shopping centre on the Bubny plot in downtown Prague.
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PropertyEU Archive
Orion develops second central London residential site
Orion Capital Managers has bought a second site in London for a luxury residential development. The London-based fund manager is believed to have paid around 拢85 mln (EUR 97 mln) for the one acre freehold site located between Glebe Place and Old Church Street in the heart of Chelsea
