All PropertyEU Archive articles 鈥� Page 1729
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PropertyEU Archive
Heitman fund makes entry into Russian market
Heitman麓s fourth value-added fund, Heitman European Property Partners IV (HEPP IV), has made its first investment in the Russian property market with the purchase of an office building in Moscow鈥檚 Voykovsky district from developer Capital Partners. Financial details were not disclosed.
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PropertyEU Archive
Investor trio snaps up River Ouest scheme
French institutional investors Caisse des D茅p么ts, Cr茅dit Agricole麓s Predica and Soci茅t茅 Commerciale de R茅assurance (Scor) have joined forces to acquire the 64,300-m[sup]2[/sup] River Ouest office complex in Bezons, a north-western suburb of Paris.
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PropertyEU Archive
CLS unveils 18,000-m[sup]2[/sup] development plans for Vauxhall
London-listed office investor CLS Holdings said it intends to submit a planning application in the autumn for an 18,100-m[sup]2[/sup] mixed-use development, adjacent to Spring Gardens in Vauxhall, south London. The project will cost around 拢46 mln (EUR 52 mln) to develop.
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PropertyEU Archive
UBS RE offloads Oslo property for EUR 108m
UBS Real Estate has announced the sale of an office building in central Oslo to Norwegian financial services group Storebrand. The sales price of NOK 845 mln (EUR 108 mln) reflects a 14% profit on the amount the asset was acquired for three years ago, UBS said in a statement.
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PropertyEU Archive
Real I.S. to launch EUR 250m German fund
German fund manager Real I.S. is transferring its Hamburger Meile shopping and office complex on the Hamburger Stra脽e to the new Bayernfonds Deutschland 23 closed-end fund which will be marketed to investors in the third quarter.
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PropertyEU Archive
LaSalle sells Hyde Park Hayes offices for EUR 34m
European fund manager LaSalle Investment Management (LaSalle) has closed the sale of the Hyde Park Hayes business park for just over 拢30 mln (EUR 34 mln), reflecting a net initial yield of 8.2%. The buyer is the Melford Special Situations LP fund, which is managed by UK real estate investor ...
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PropertyEU Archive
Deka invests EUR 37m in Italian logistics centre
German fund management group Deka Immobilien has purchased a logistics property near Piacenza, northern Italy, from local logistics operator Vailog for EUR 37 mln. The asset is earmarked for the Deka Immobilien Europa open-ended fund.
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PropertyEU Archive
MGAM buys land plot for Essen mall development
Metro Group Asset Management (MGAM) has announced the purchase of a 6.3 hectare plot of land in Essen, Germany, for a new 24,000-m[sup]2[/sup] shopping centre. The vendor is the German industrial conglomerate ThyssenKrupp. Financial details were not disclosed and the project is conditional on approval by the supervisory board of ...
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PropertyEU Archive
Immofinanz inks Russian refinancing deal with Rosbank
Austrian property group Immofinanz has agreed a deal to restructure debt backed by its Shushary logistics facility in St Petersburg, Russia with Rosbank, the Russian subsidiary of French financial group Soci茅t茅 Generale. Financial details were not disclosed.
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PropertyEU Archive
Dev Secs links up with S Harrison in UK mall project
UK listed property investment and development company Development Securities has entered into a 50/50 partnership with local builder S Harrison Developments to develop the Friarsgate shopping centre in Lichfield.
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PropertyEU Archive
PropertyEU expands sales team
PropertyEU has expanded its sales team with the appointment of Michiel Foekens as Sales Manager effective 15 August. Foekens, 31, will join the team led by Sales Director Arno van Grondelle and Sales Coordinator Gillian Brown. Foekens was previously employed at Real Estate Publishers in The Hague, publisher of Europe ...
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PropertyEU Archive
European investment volumes up 14% in Q2: DTZ
Investment in commercial real estate across Europe in the second quarter of 2011 reached EUR 25.4 bn, a 14% increase from EUR 22.4 bn in Q1, according to DTZ Research in its latest 鈥業nvestment Market Update鈥� report. Investment volumes averaged EUR 27.1bn over the past four quarters compared with EUR ...
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PropertyEU Archive
UK prime rent and yields remain steady in Q2: CBRE
Prime rental growth for UK commercial property remained steady in the second quarter of 2011, according to CB Richard Ellis' latest Q2 Prime Rent and Yield Monitor. There was only a marginal decrease of 0.1% in the headline index, a slight deterioration on last quarter's modest growth.
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PropertyEU Archive
RREEF buys office in Lyon for EUR 46m
Global real estate investment manager RREEF has bought the 'Docksite' office property in Lyon, France for EUR 46.5 mln. The transaction was conducted by RREEF on behalf of one of its German special funds (Spezialfonds).
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PropertyEU Archive
MPC invests EUR 63m in first German student housing fund
German listed fund manager MPC Capital plans to launch several closed-end vehicles for student housing by end-2013. To obtain the assets MPC has formed a joint venture with Youniq, the Frankfurt-listed student accommodation specialist. The partnership has already carried out its first transaction, with the sale of four student residential ...
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PropertyEU Archive
AXA Real Estate bags European hotel portfolio
AXA Real Estate Investment Managers has acquired a portfolio of six hotels from Fonci猫re des Murs (FdM) for EUR 132.9 mln in cash on behalf of a joint venture between an investment vehicle of an AXA Group insurance company, Caisse des D茅p么ts and Sogecap. The transaction, which was sourced off-market ...
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PropertyEU Archive
Hotel investment picks up in Germany: Colliers
Investment in the German hotel market heated up in the second quarter of 2011 and generated a total volume of EUR 325 mln for the period, according to data from Colliers International. The Q2 volume was higher than the previous two quarters, according to Andreas Trumpp, head of Research at ...
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PropertyEU Archive
Spain's Coolway debuts on London's Oxford Street
Coolway, the Spanish shoe and accessories brand, has acquired a 4,500 square foot (418 m2) flagship store on Oxford Street, marking the retailer鈥檚 entry into the UK with further plans to expand across London. The price was not disclosed.
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PropertyEU Archive
HDG seeks to grow by M&A
International real estate investment manager HDG is seeking to grow its fund and asset management business through a merger or acquisition in Europe, HDG founder Harold Garrison told PropertyEU. Most of the M&A conversations over the last nine months have been with European companies, he said.
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PropertyEU Archive
Yields in Moscow fall across the board in Q2: CBRE
Moscow saw the biggest decline in yields across all real estate sectors in the second quarter of 2011, according to new research released by CB Richard Ellis (CBRE). Elsewhere in Europe, prime rents and yields saw little movement, with the pace of recovery generally remaining slow, CBRE said.
