All PropertyEU Archive articles 鈥� Page 1728
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PropertyEU Archive
Rinascente owners close operational sale to Thailand's Central Retail
Shareholders in the Italian department store group Rinascente on Thursday finalised the sale of the operational business to Centrail Retail Corporation (CRC), Thailand's largest retail group. The transaction price amounted to EUR 205 mln in cash and the assumption of EUR 55 mln in debt.
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PropertyEU Archive
Europe's property market reflects divided recovery: RICS
Despite the recent economic difficulties, most commercial property markets remain robust, with the largest economies of Germany and France reporting strong performances, according to the latest RICS Global Commercial Property Survey published on Thursday.
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PropertyEU Archive
KanAm fund sells Lumion scheme in Geneva
German fund manager KanAm has sold the Lumion office scheme opposite the Geneva airport in Switzerland for CHF 72 mln (EUR 63 mln), a 20% premium on its book value of CHF 59 mln. The companies agreed not to disclose the name of the buyer.
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PropertyEU Archive
TAG buys into German residential for EUR 150m
Germany's TAG Immobilien has announced the purchase of a residential real estate portfolio consisting of 3,100 apartments and 71 commercial units in northern Germany and Saxony for roughly EUR 150 mln.
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PropertyEU Archive
JLL's net income soars 27% in Q2
Jones Lang LaSalle (JLL) has posted another quarter of 'solid revenue growth' as net income rose to $44 mln in the second quarter, up 27% on last year's result of $32 mln.
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PropertyEU Archive
European office supply restricted until 2013: CBRE
New office completions in major European markets could fall by over 30% in 2011 compared with 2010 and could decline further in 2012 as the low level of construction starts during the economic crisis feeds through, according to a new report by CB Richard Ellis (CBRE).
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PropertyEU Archive
RREEF acquires logistics platform for EUR 42m
Deutsche Bank's real estate investment management arm, RREEF has acquired a 69,000-m[sup]2[/sup] logistics platform in Cestas, near Bordeaux, for a total of EUR 42 mln. The property, which is earmarked for RREEF's Grundsbesitz Europa open-ended real estate fund, was acquired from a vehicle managed by fund management firm AEW Europe. ...
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PropertyEU Archive
Savills merges Singapore property management arm with CKH Strata
Savills is merging its Singapore-based Savills Property Management business unit with CKH Strata Management. The deal sees Savills Singapore Pte acquire a 51% stake in CKH Strata Management Pte, one of Singapore's largest property management companies.
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PropertyEU Archive
Orchard St buys Cardiff Bay retail park
Orchard Street Investment Management has completed the acquisition of the Cardiff Bay retail park from Invista Real Estate Management and Schroders for 拢54.5 mln (EUR 62 mln), reflecting a net initial yield of 6.25%.
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PropertyEU Archive
Europe鈥檚 office markets continue to perform at two speeds: JLL
Prime office rents across Europe continued to grow modestly in the second quarter of 2011, according to Jones Lang LaSalle鈥檚 latest European Office Clock report.
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PropertyEU Archive
FdR prepares takeover of Fonciere Paris France
French listed office property giant Fonci猫re des R茅gions has made an offer for its smaller peer Fonci猫re Paris France (FPF) that values FPF at EUR 440 mln excluding assumed debt. In a statement on Wednesday, Metz-based FdR said it has already signed an agreement with four shareholder groups representing around ...
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PropertyEU Archive
Fonciere Massena makes further purchase in Marseille
French SIIC Fonci猫re Massena has expanded its office property portfolio in Marseille with the acquisition of an 8,400-m[sup]2[/sup] building at the centre of the new Eurom茅diterran茅e district from Germany's IVG Institutional Funds. The transaction price amounts to around EUR 31 mln, excluding taxes.
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PropertyEU Archive
BayernLB, Berlin Hyp in EUR 140m financing for Carre Suffren
German lenders BayernLB and Berlin Hyp have arranged a EUR 140 mln financing facility with a seven-year term for the Carr茅 Suffren office scheme located at the foot of the Eiffel Tower in Paris. The asset is owned by a joint venture of French office SIIC Fonci猫re des R茅gions (60%) ...
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PropertyEU Archive
Offices take the lead in Q2: C&W
Investment activity in Europe鈥檚 commercial property markets slowed in the second quarter, with transactions down by 11.5% quarter on quarter to EUR 26.2 bn, according to new research issued by Cushman & Wakefield on Tuesday. However, trends were far from uniform market by market, with offices fighting back against retail, ...
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PropertyEU Archive
Cordea Savills fund sells 2 student halls for EUR 32m
International property fund manager Cordea Savills has completed the sale of two assets on behalf of its Student Hall Fund and has bought a new prime project in Edinburgh.
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PropertyEU Archive
Credit Suisse fund acquires Kant Center in Berlin
Credit Suisse Real Estate Fund International (CS REF International) has announced the purchase of the Kant Center scheme in Berlin from an unnamed foreign fund. Although the transaction details were not disclosed, the property is said to be worth around EUR 70 mln.
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PropertyEU Archive
C&W boosts EMEA business consulting team
Cushman & Wakefield (C&W) has appointed Sophie Hodges as consulting manager to its EMEA Business Consulting team, based in London.
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PropertyEU Archive
Union scoops majority stake in Bordeaux mall
Union Investment Real Estate is expanding its retail portfolio in France with the acquisition of an 80% stake in the OPCI vehicle holding the EUR 80 mln G茅ant shopping centre in Bordeaux. The Hamburg-based investor is investing around EUR 63 mln in the purchase of the asset, which was developed ...
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PropertyEU Archive
Cordea Savills buys into French logistics
International property fund manager Cordea Savills has completed the purchase of a logistics warehouse in Trappes, 30 km west of Paris for nearly EUR 21 mln excluding taxes. The acquisition was made on behalf of the European Commercial Fund from Invista European Real Estate Trust.
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PropertyEU Archive
LNR Partners Europe names new COO
Commercial property finance specialist LNR Partners Europe said on Monday it has appointed Matthias Schlueter as its new chief operating officer and managing director.
