All PropertyEU Archive articles 鈥� Page 1731
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PropertyEU Archive
WDP to develop 50,000 m[sup]2[/sup] logistics scheme in Belgium
Warehouses De Pauw, a Euronext-listed closed-end real-estate investment company, plans to develop a 50,000 m[sup]2[/sup] logistics site in the city of Genk in Limburg, Belgium. For the project, WDP has agreed to buy a 18,000 m[sup]2[/sup] property on an existing WDP site in Genk adjacent to the development site.
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PropertyEU Archive
Deka sells Essen office property for EUR 12m
Fund manager Deka Immobilien has sold a 4,000-m[sup]2[/sup] office and administration property in the German city of Essen for EUR 12 mln. The property at Waldthausenpark 4 was acquired by the sole tenant, Geno Bank Essen.
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PropertyEU Archive
European retail investment up 34% in Q2: JLL
Direct investment in European retail real estate reached EUR 4.9 bn during the second quarter of 2011, with Russia and Poland showing significant activity, new research from Jones Lang LaSalle shows. Total investment volumes for the year to date now stand at EUR 13.6 bn, up 34% on the same ...
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PropertyEU Archive
Germany headed for EUR 20b investment in 2011: Colliers
Property services firm Colliers International has maintained its forecast that real estate investment volumes in Germany will likely reach more than EUR 20 bn this year, based on a strong first half in which transaction volumes totalled some EUR 11 bn. The H1 figure represents a 24% increase on the ...
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PropertyEU Archive
HIH fund acquires EUR 27m asset in Hamburg
German closed-end fund manager Hamburgische Immobilien Handlung (HIH) has bought an office and commercial property in Hamburg for a special fund managed on behalf of Warburg-Henderson. The purchase price was not disclosed but the fair value of the property is around EUR 27.5 mln. The vendor is a ...
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PropertyEU Archive
European investment slows amid debt concerns: CBRE
European property investment activity slowed to EUR 25 bn in the second quarter of 2011, reflecting growing uncertainty in Europe as a result of the continuing sovereign debt crisis, according to the latest data from CB Richard Ellis.
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PropertyEU Archive
Colonia unit merges with asset manager Larus
Colonia Real Estate Solutions, a subsidiary of Frankfurt-listed property investment and management firm Colonia Real Estate, is to merge with Larus Asset Management, becoming the fourth-largest provider of property services in Germany with a real estate volume of around EUR 4 bn.
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PropertyEU Archive
HDG Mansur taps investor demand for income-producing assets
International real estate company HDG Mansur is aggressively seeking to raise up to $500 mln (EUR 352 mln) of equity in the US and Europe to tap into investor demand for income-producing assets.
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PropertyEU Archive
Corestate strengthens pan-European team
Corestate, a private equity investor based in Switzerland, has made a number of appointments aimed at strengthening its European investment and asset management services. The firm has recruited Jerry Melchionna to its origination team in its London office as well as a director and two associates to its London and ...
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PropertyEU Archive
UK direct investment volumes tumble in Q2: JLL
The limited supply of prime product and a widening gap between Central London and the rest of the country contributed to a big decline in direct commercial real estate investment in the UK in the second quarter of 2011, according to new figures from Jones Lang LaSalle.
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PropertyEU Archive
Hochtief sells 208 rental apartments in Hanover for EUR 60m
German development-construction group Hochtief has announced the sale of 208 rental apartments in Hanover for more than EUR 60 mln in a string of deals. Hochtief's Solutions Formart division said that an institutional investor acquired 37 rental units at the 'Loft as you like' residential project on Dreyerstrasse in an ...
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PropertyEU Archive
Tristan fund JV spends EUR 34m in Germany
London-based investment manager Tristan Capital Partners has bought the first property for its Curzon Capital Partners III (CCP III) fund since the first equity raising for the core-plus vehicle closed in June.
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PropertyEU Archive
GI's Elystan vehicle goes after vacancy in Munich market
German real estate company Elystan is seeking to generate returns in the high teens by building up a portfolio of up to EUR 300 mln in value in Munich. The aim is to actively asset manage properties that have high vacancy levels or require refurbishment.
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PropertyEU Archive
CBRE appointed joint letting agent for Dublin mall
CB Richard Ellis has acquired the first major mandate for its new 'Pan Ireland' retail team. Alongside Dublin-based property consultant Bannon Commercial, the new CBRE team has been appointed joint letting agent for the 26,000-m[sup]2[/sup] Ilac shopping mall in the centre of the Irish capital.
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PropertyEU Archive
EU commission approves Hypo RE state aid
The European Commission has formally approved the aid provided by the German government to Hypo Real Estate since the credit crisis broke out in 2008. The multi-billion euro aid package saved the bank from collapsing amid a credit squeeze. Hypo Real Estate Bank was subsequently restructured and merged with the ...
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PropertyEU Archive
Atrium, Multi conclude business relationship
Atrium European Real Estate has announced the conclusion of its business relationship with European mall developer Multi following the trading of assets between the pair in Turkey and Central and Eastern Europe. Atrium received net cash of approximately EUR 64 mln and generated a profit of about EUR 15 mln ...
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PropertyEU Archive
Deka buys logistics property in Netherlands
German fund manager Deka Immobilien has bought a logistics property in the southern Dutch city of Tilburg from developer Somerset Real Estate. The two parties agreed not to disclose the purchase price.
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PropertyEU Archive
CBRE expands pan-Ireland retail team
Property adviser CB Richard Ellis has appointed Shane Cahir and Niamh Riney as associate directors in its new pan-Ireland Retail Team. The team's first major mandate is joint letting agent, alongside Dublin-based Bannon Commercial, as joint letting agent for the 24,000-m[sup]2[/sup] Ilac shopping mall in the centre of the Irish ...
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PropertyEU Archive
WDP names new chief financial officer
Warehouses De Pauw (WDP) has named Micka毛l Van den Hauwe as the new chief financial officer of the Euronext-listed closed-end real estate investment company. Van den Hauwe graduated as a commercial engineer from the Solvay Business School (Brussels). After gaining initial experience in the controlling department at Unilever Bestfoods Belgium, ...
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PropertyEU Archive
Pramerica forms French development JV to generate opportunistic returns
Pramerica Real Estate Investors said on Monday it has created a EUR 150 mln joint venture with French developer Groupe Hoche in a bid to meet the demand for new office and residential space among institutional clients.
