All PropertyEU Archive articles 鈥� Page 1734
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PropertyEU Archive
Futureal to develop new KPMG headquarters in Budapest
Hungarian developer Futureal said it has won a contract to develop accountancy firm KPMG鈥檚 new built-to-suit headquarters in Budapest. KPMG will occupy half the 20,000 m[sup]2[/sup] office building to be located on the Vaci 煤t office corridor, right above a metro station. The 10-year lease will commence in 2014.
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PropertyEU Archive
MGPA, CarVal buy office development near Paris
International real estate investors MGPA and CarVal Investors have teamed up to acquire a 17,000-m[sup]2[/sup] office development near Paris.
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PropertyEU Archive
Clifford Chance Germany names new RE leader
Cornelia Thaler (44) has been appointed the new leader of law firm Clifford Chance's real estate practice in Germany. She will take up the post on September 1 for a period of four years, replacing the previous leader Klaus Minuth.
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PropertyEU Archive
LBBW gears up for EUR 1.4b German residential sell-off
Several large German residential portfolios are to hit the market in the coming months in response to rising investor demand. Regional bank Landesbank Baden-W眉rttemberg is likely to be one of the biggest sellers with the expected disposal this summer of a portfolio of around 24,000 units in southwestern Germany.
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PropertyEU Archive
Aberdeen aims to sell EUR 1b of Degi Europa assets by year-end
Aberdeen Asset Management plans to sell almost EUR 1 bn of assets from its Degi Europa fund which is being liquidated by the year-end, Hartmut Leser, head of distribution and country head for Germany and Austria, told PropertyEU.
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PropertyEU Archive
German investment volumes may hit EUR 25b in 2011: Savills
The German investment market is well on the way to achieving the EUR 25 bn mark in 2011, based on bullish prospects for the second half of the year and following a strong first half, according to property adviser Savills.
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PropertyEU Archive
GI Partners to build up EUR 300m property portfolio in Munich
GI Partners plans to build up a EUR 300 mln real estate portfolio in Munich through its Elystan investment platform. On Monday GI Partners, a private equity investor focused on European and North American real estate, announced that Elystan has acquired the 21,000-m[sup]2[/sup] F10 office building, the platform's second ...
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PropertyEU Archive
Aerium acquires Aberdeen office property for EUR 56m
European real estate fund manager 脝rium has acquired a new office building in the centre of Aberdeen for 拢50.1 mln (EUR 56 mln). 脝rium carried out the transaction on behalf of its trophy fund Glenn Arrow. The vendor was Scottish development group Hazledene Group.
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PropertyEU Archive
Aberdeen buys EUR 90m portfolio from Danish pension fund
Aberdeen Asset Management has acquired a EUR 90 mln commercial real estate portfolio from Danish pension fund TDC. The 104,000-m[sup]2[/sup] portfolio will be added to Aberdeen's Property Fund Denmark.
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PropertyEU Archive
LaSalle agrees two major lease extensions in Madrid
LaSalle Investment Management has agreed two major lease extensions with hypermarket operator Alcampo in Madrid. Acting on behalf of two Continental European funds, Encore+ and LaSalle Euro Growth II (LEG II), LaSalle has completed the lease extensions on La Vaguada, the tenant's office headquarters in the centre of Madrid and ...
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PropertyEU Archive
Hammerson's London boss resigns
Martin Jepson has resigned as head of the London group at UK and French real estate investment trust Hammerson. The FTSE 100 company did not give reasons for Jepson's departure in a statement on Monday, except to say he would leave later in the summer to 'explore new opportunities'.
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PropertyEU Archive
Internos closes in on hotel deals
Internos Real Investors is making 'good progress' in pursuing transactions for its two-pronged hotel investment strategy, the company's head of Hotels & Leisure Jochen Schaefer-Suren told PropertyEU in an interview. 鈥業f things go well, by the end of next year we could have EUR 300-400 mln under management and EUR ...
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PropertyEU Archive
Leasing skills critical for industry success: ICSC
Leasing is seen as the most essential skill within the retail property Industry, according to students who attended the 2011 International Council of Shopping Centre's European Retail Property School.
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PropertyEU Archive
IVG sells 5,000m[sup]2[/sup] office in Rome
Listed German real estate company IVG Immobilien has sold a 5,000-m[sup]2[/sup] office located in Rome to a local developer who plans to convert the property into a hotel. The financial details were not disclosed.
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PropertyEU Archive
Hammerson acquires virtual freehold of London tower for EUR 112m
Listed property company Hammerson has acquired the virtual freehold of a 26-storey office tower in the City of London from investment manager Prupim for 拢100 mln (EUR 111 mln), including costs. Prupim sold the 999-year leasehold interest in 99 Bishopsgate, London on behalf of Prudential Assurance Company.
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PropertyEU Archive
Morgan Stanley JV acquires 18 German retail assets
Morgan Stanley Real Estate Investing's joint venture with German property company Redos has bought 18 retail assets from a private investor. The financial details of the transaction were not disclosed. The joint venture, established in 2010, now has a portfolio of more than 40 properties in the western states of ...
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PropertyEU Archive
British Land confirms EUR 199m racket club deal
British Land has confirmed media reports that it is venturing outside its traditional focus on offices and retail assets to acquire a portfolio of racket club properties for 拢179 mln (EUR 199 mln).
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PropertyEU Archive
F&C REIT adds to German team
European property asset manager F&C REIT Asset Management has strengthened its German team in Munich with the appointment of Florian Schlomberg as investment analyst and Jan Abel and Uwe Bacher as asset managers.
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PropertyEU Archive
BAM merges commercial development business into AM RED
Dutch-based construction group Royal BAM plans to merge it office and retail developments activities into AM Real Estate Development from 1 September 2011. BAM said in a statement on Friday that the merger of it 35-member commercial real estate development unit IPMMC into the 20-staff team of AM Real Estate ...
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PropertyEU Archive
Big sales loom as German resi gains momentum
The German residential market is gaining momentum after three years in the doldrums, with several large sell-offs on the cards. In the first half of 2011, there were 42 residential portfolio deals, according to Cushman & Wakefield, a jump of 19% on the same period last year. In total, 37,000 ...
