All PropertyEU Archive articles 鈥� Page 1730
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PropertyEU Archive
Treveria granted extension on EUR 216m securitised loan
AIM-listed German retail property investor Treveria has signed a 12-month loan extension to its EUR 216 mln securitised loan. The Silo D securitised debt facility (Deutsche Bank/Citigroup) with debt servicer Deutsche Bank was due to mature on 20 July 2011.
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PropertyEU Archive
L&S buys London residential development for EUR 56m
UK REIT London & Stamford Property is buying a residential development project in the Islington borough of London for 拢49.1 mln (EUR 56 mln). The London-listed company has exchanged contracts with Seward Street Developments for the long leasehold interest in private residential units and 31 car parking spaces on Seward ...
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PropertyEU Archive
AXA gets go-ahead for EUR 57m development in Manchester
AXA Real Estate has received planning consent for a 拢50 mln (EUR 57 mln) office project in St Peter's Square, Manchester. The existing 3,700 m[sup]2[/sup] property, Peterloo House, is managed by AXA Real Estate on behalf of the owner, Manchester-based insurance firm the Co-operative Insurance Society Ltd (CIS).
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PropertyEU Archive
Unibail-Rodamco books 9% gain on disposals
Unibail-Rodamco reported it sold properties worth a total of EUR 1.1 bn in the first half of 2011, generating an average 9.1% premium over the last external appraisals. Despite the disposals, the gross market value of the portfolio at end H1 2011 stood at EUR 24.8 bn, up 2.4% like-for-like ...
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PropertyEU Archive
Ontario pension fund invests in European airports
The EUR 80 bn Ontario Teachers' Pension Plan has expanded the airport element of its infrastructure portfolio by taking large stakes in two European airports.
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PropertyEU Archive
Grosvenor teams up with Canadians on London development
Grosvenor Fund Management (GFM) is teaming up in a joint venture with Canadian pension fund giant CPPIB to invest up to 拢200 mln (EUR 227 mln) in London's West End office market over the next two years.
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PropertyEU Archive
Hochtief sells office and retail project in Cologne
Hochtief, the German construction and development group, has sold an office and retail property development in Cologne for an undisclosed sum to German real estate developer-investor Tessner Group.
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PropertyEU Archive
CEE investment volume hits EUR 5.3b in H1: CBRE
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 5.3 bn in H1 2011, reflecting continued strong growth in the prime segment, according to the latest data from CB Richard Ellis (CBRE). The H1 figure brings the year-to-date investment volume in the region close to the full-year ...
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PropertyEU Archive
German office take-up rises 19% in H1: Colliers
Office take-up in the six biggest markets in Germany was up almost 19% at around 1.42 million m虏 in the first six months of 2011 compared with the year-earlier period, new figures from Colliers International show.
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PropertyEU Archive
Unibail-Rodamco sees strong rental growth in H1
Unibail-Rodamco, the largest listed property company in Europe, has reported EUR 647 mln in net rental income for the first half of 2011, a like-for-like increase of 5.5%.
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PropertyEU Archive
Alstria acquires office building in Stuttgart for EUR 16m
Hamburg-based Alstria Office REIT has acquired a property in Stuttgart for EUR 15.9 mln, reflecting an initial yield of 8.2%. The investment volume for the 8,340 m[sup]2[/sup] property comes to EUR 1,903 per m[sup]2[/sup]. The identity of the vendor was not disclosed.
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PropertyEU Archive
MWB agrees EUR 99m hotel leaseback with Deka and LGP
London-listed hotel group MWB has sold four of its Malmaison hotel projects at a big discount to pay down debt in a sale-and-leaseback deal with funds managed by Germany's Deka Immobilien and UK-based Legal and General Property (LGP). Deka and LGP paid 拢86.8 mln (EUR 99 mln) in cash for ...
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PropertyEU Archive
Pembroke acquires Munich office property
Boston-based Pembroke Real Estate has acquired the Altstadt Palais office building in Munich for an undisclosed price. This is the second acquisition by Pembroke on behalf of its investors this year, following the purchase of the Lorenzistock building in January.
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PropertyEU Archive
JLL announces senior director promotions
Global real estate adviser Jones Lang LaSalle has announced international and regional director promotions across Central and Eastern Europe.
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PropertyEU Archive
AXA Real Estate steps up focus on development
AXA Real Estate plans to increase its focus on development as a way of diversifying its strategy in a market where core investments are thin on the ground, CEO Pierre Vaquier told PropertyEU in an interview.
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PropertyEU Archive
Union Investment buys redeveloped complex in Wiesbaden
German fund manager Union Investment has acquired the 鈥楧ern鈥檚che H枚fe鈥� mixed-use property in the centre of Wiesbaden for its institutional fund DEFO-Immobilienfonds 1. The purchase price was not disclosed. The vendor is German property company Quantum Immobilien.
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PropertyEU Archive
New president takes office at CoreNet UK
Ian Smith has taken office as president of CoreNet Global's UK Chapter. Smith is head of project management Global Corporate Services EMEA for CB Richard Ellis.
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PropertyEU Archive
UK mall stock increasing in subdued market: C&W
More than 20 shopping centre schemes, with a combined capital value of around 拢1.5 bn (EUR 1.7 bn) are being openly marketed in the UK, according to property adviser Cushman & Wakefield.
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PropertyEU Archive
EMEA hotel investment rebounds
Hotel investment volumes in the EMEA region reached EUR 3.4 bn during the first six months of 2011, a 73% increase on the same period last year (EUR 1.94 bn), according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Redevco revamps 7,000m[sup]2[/sup] retail site in Gouda
European real estate group Redevco is to redevelop a 7,000-m[sup]2[/sup] retail at Kleiweg 24-48 in the central Dutch city of Gouda. Construction work is scheduled to start in the first quarter of 2012, with delivery set for the autumn of that year.
