All PropertyEU Archive articles – Page 1736
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PropertyEU Archive
Grainger secures two-year extension on resi fund
Grainger, the UK's largest quoted residential property owner, said that investors in its G:res1 Fund have voted to extend its maturity date by two years until October 2013.
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PropertyEU Archive
Norges Bank and AXA RE form EUR 1.4b office JV
Norges Bank Investment Management, which manages the Norwegian Government Pension Fund Global, and AXA Real Estate Investment Managers, acting on behalf of AXA France Insurance Companies, have formed a joint venture through which both parties will co-invest in Paris offices. AXA Real Estate will provide asset management services to the ...
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PropertyEU Archive
Central London poised for EUR 24b resi development surge
Central London faces a surge in new prime residential development activity valued at £21 bn (EUR 24 bn) over the next nine years, according to research carried out by UK built asset consultancy EC Harris.
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PropertyEU Archive
Grosvenor consortium completes EUR 416m Unibail deal
A consortium led by Grosvenor Fund Management (GFM) has acquired two shopping centres in France from European listed real estate giant Unibail-Rodamco.
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PropertyEU Archive
Pension fund acquires Degi fund asset in Helsinki
Nordea Pension Foundation (KOP) has acquired an office building in the central business district of Helsinki from Aberdeen Immobilien's open-ended Degi Global Business fund for EUR 104 mln.
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PropertyEU Archive
Schalk Visser to head investor relations at AEW Europe
European real estate investment manager AEW Europe has appointed Schalk Visser as managing director and head of investor relations. In this role he will develop and coordinate all the group's fundraising activities across Europe and handle contacts with existing and potential clients.
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PropertyEU Archive
Deka snaps up office building in Hamburg
German fund manager Deka Immobilien has bought the Lindley Carrée office building in Hamburg from developer Hochtief Projektentwicklung for an undisclosed sum.
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PropertyEU Archive
CBRE Investors fund tops ESG survey
A European fund managed by CBRE Investors has come out top in a global survey of environmental and social governance (ESG) awareness among asset managers by ING Real Estate Select.
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PropertyEU Archive
Commerz Real finalises Milan office deal
German real estate investor Commerz Real has completed the acquisition of the last of the three buildings in the Edison Park Center in Milan from French developer Nexity.
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PropertyEU Archive
Freemasons pay 'record price' for Stockholm hotel
The Swedish Order of Freemasons has acquired the Strand hotel building in Stockholm for SEK 600 mln (EUR 67 mln). Property adviser Tenzing, which acted for the vendor Home Properties, said the price for the 6,341-m[sup]2[/sup] building, originally known as Mons Bock 6, came to about EUR 10,500 per square ...
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PropertyEU Archive
Paul Muno named MD Internos Germany
Internos Real Investors, the EUR 1.5 bn owner-managed real estate fund management business, has appointed Paul Muno as a managing director of its German operations.
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PropertyEU Archive
Patrizia opens office in Stockholm
German listed residential investor Patrizia Immobilien is opening an office in Stockholm to supervise the company's operations in Scandinavia. The new office will be headed by Hendrik Österberg.
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PropertyEU Archive
Immofinanz appoints EC Harris to deliver 110,000-m[sup]2[/sup] mall
Listed CEE real estate investor Immofinanz has appointed international consultancy EC Harris to manage the completion of the 110,000-m[sup]2[/sup] Maritimo Shopping Centre in Romania.
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PropertyEU Archive
CLS secures EUR 128m refinancing for French portfolio
London-listed office investor CLS Holdings announced that it has completed the refinancing of 19 French loans valued at EUR 128 mln, and raised an additional EUR 35 mln.
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PropertyEU Archive
RE funds raise EUR 7.7b in Q2: Preqin
Private equity real estate fund-raising rebounded strongly worldwide in the three months to end-June 2011, with 18 funds reaching a final close and raising a total of $11.2 bn (EUR 7.7 bn), according to Preqin, a data provider on the alternative asset sector.
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PropertyEU Archive
Aareal begins repurchase of EUR 2b in Soffin notes
German property financier Aareal Bank is offering to repurchase the remaining EUR 2 bn guaranteed bond issued by the German bank stabilisation agency Soffin. In April 2011, Aareal Bank made an early repayment of the second Soffin-guaranteed EUR 2 bn bond due 5 June 2013 which was held on its ...
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PropertyEU Archive
MGPA acquires 26 retail properties in Germany
MGPA has completed the acquisition of 26 retail properties from AIM-listed German property investor Develica Deutschland. The assets will be added to MGPA Europe Fund III's portfolio, alongside the 135 Aldi stores acquired in September 2010. The financial details of both deals were not disclosed.
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PropertyEU Archive
Deka buys office development in Paris for EUR 330m
German open-ended fund manager Deka Immobilien has bought the 'Vienne Rocher' office development in the centre of Paris for as much as EUR 330 mln. The property will be added to Deka's ImmobilienEuropa fund. The developer and vendor of the complex is French financial and real estate services company Nexity.
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PropertyEU Archive
Intervest acquires logistics sites in Flanders for EUR 36m
Intervest Offices & Warehouses has acquired two logistics sites in the Flanders region of Belgium for EUR 35.8 mln. The sites are located on the important Benelux logistic corridor Antwerp-Limbourg-Liège.
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PropertyEU Archive
Aussie UGL mulls rival bid for DTZ - media report
Australian support services group UGL is seeking to make a rival offer for DTZ, endangering a bid by major shareholder Saint George Participations (SGP), according to a report in UK newspaper The Telegraph. UGL is being advised by Goldman Sachs, the paper said.


