All PropertyEU Archive articles – Page 1739

  • PropertyEU Archive

    ULI conference: 'Industry needs consistent sustainability metrics'

    2011-06-30T00:00:00Z

    A consistent approach to measuring the environmental performance of buildings and real estate investment portfolios is needed to engender real progress in the field of sustainability, the ULI trends conference in Amsterdam heard last week.

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    RICS names director of European operations

    2011-06-30T00:00:00Z

    The Royal Institution of Chartered Surveyors (RICS) has appointed Judith Gabler to the newly created position of director of operations in the EMEA region. Gabler (50) is based in Frankfurt and currently heads the German arm of RICS. In his new role, he will support the national activities of RICS ...

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    SLI poaches LaSalle manager for Paris office

    2011-06-30T00:00:00Z

    Global real estate manager Standard Life Investments (SLI) has announced the appointment of Séverine Laffineur as European Portfolio Manager in its Paris Office. Laffineur will join SLI on 18 July 2011, reporting to Daniel Mchugh.

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    Metrovacesa shareholders back EUR 1.95b capital increase

    2011-06-29T00:00:00Z

    Around 99% of shareholders in Spain's largest listed property firm, Metrovacesa, have given their approval to a EUR 1.95 bn capital increase during a general shareholder meeting held on Tuesday.

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    Futureal to invest EUR 100m in development partnerships

    2011-06-29T00:00:00Z

    Hungarian developer Futureal aims to invest EUR 100 mln of equity through development partnerships over the next two years to jumpstart stalled projects in Central and Eastern Europe (CEE).

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    KF Fastigheter buys 2 assets for EUR 26m

    2011-06-29T00:00:00Z

    Swedish retail property company KF Fastigheter has bought the Årdret 3 and Välten 10 retail assets in Lund, Southern Sweden, from developer Paulssons Group. The transaction price amounts to SEK 240 mln (EUR 26 mln).

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    Minerva backs EUR 226m takeover offer

    2011-06-29T00:00:00Z

    Listed London real estate developer Minerva has given its backing to a £202.6 mln (EUR 226 mln) takeover offer from a consortium led by Delancey and Area Property Partners. Under the terms of the deal Minerva's shareholders would receive 120.5 pence per share from the consortium's special purpose vehicle, Jupiter ...

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    Aedes sells EUR 80m Rome asset

    2011-06-29T00:00:00Z

    Italian property company Aedes has signed a preliminary agreement to sell a commercial building at Via Manzoni 65 in Rome to an undisclosed buyer. The transaction involves a cash price of EUR 8.5 mln and the transfer of roughly EUR 74 mln of debt.

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    British Land buys Hutchison Whampoa HQ for EUR 82m

    2011-06-29T00:00:00Z

    UK REIT British Land has purchased the 18,400-m[sup]2[/sup] Grenfell Island mixed-use scheme in Maidenhead town centre, England. The investment volume of £74 mln (EUR 82 mln) reflects a net initial yield of 7.5%.

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    Acron places new Swiss fund, buys Fiege asset

    2011-06-29T00:00:00Z

    Swiss investment manager Acron has placed a new closed-end investment fund, Acron Helvetia V Immobilien, with three private investors.

  • PropertyEU Archive

    Deutsche Bank places landmark European CMBS

    2011-06-29T00:00:00Z

    The London branch of Deutsche Bank on Tuesday completed the placing of a £302 mln (EUR 336 mln) Commercial Mortgage Backed Securitisation (CMBS), in the first European CMBS public offering since the onset of the credit crisis in 2007.

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    Trigranit parent ties up with China's HNA in development venture

    2011-06-29T00:00:00Z

    Demján Group, the majority shareholder in Budapest-based CEE developer Trigranit, is linking up with one of the top Chinese private conglomerates to cooperate in a number of areas including large real estate projects.

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    DIC sells office complex at MainTor

    2011-06-29T00:00:00Z

    German listed real estate company Deutsche Immobilien Chancen (DIC) has announced the forward sale of an office complex at the MainTor project in Frankfurt. The buyer is Frankfurt-based private Professor Carlo Giersch.

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    Unieco sells Fidenza shopping park to Cordea Savills

    2011-06-29T00:00:00Z

    Italian private real estate developer Unieco has divested the Fidenza shopping park near Parma, Northern Italy, to fund manager Cordea Savills' Radegonda closed-end investment fund for institutional investors. The transaction - the first acquisition for the newly-launched Radegonda fund - amounts to around EUR 40 mln.

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    Reyal Urbis seeks new debt refinancing

    2011-06-29T00:00:00Z

    Spanish listed office property company Reyal Urbis said this week that it has resumed discussions with its creditor banks regarding a new refinancing of its debt in light of the 'continuing deterioration of the real estate market'.

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    Deutsche Pfandbrief provides loan facility to EPISO

    2011-06-29T00:00:00Z

    pbb Deutsche Pfandbriefbank, the core bank of Germany’s HRE Group, has provided a GBP94.25mln loan facility to European Property Investors Special Opportunities fund, which is co-advised by Tristan Capital and AEW Europe.

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    Keen to expand Rzeszów mall in Poland

    2011-06-29T00:00:00Z

    Keen Property Partners Retail (KPP Retail) has received a building permit to connect Rzeszów Plaza shopping centre to the adjacent E.Leclerc hypermarket. The work will increase the retail space at the shopping centre in south-eastern Poland by 5,000 m[sup]2[/sup] to 19,500 m[sup]2[/sup].

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    Sagax makes further purchase in Stockholm

    2011-06-29T00:00:00Z

    Listed Swedish property company Sagax has signed its third acquisition in Stockholm in a week with the purchase of the Vitå 1 property in Kista, Northern Stockholm, for SEK 198 mln (EUR 21.5 mln), representing a net initial yield of 8%. The acquisition is financed with equity and with a ...

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    Max JV seals EUR 174m Central London deal

    2011-06-28T00:00:00Z

    A 60/40 joint venture between Max Property Group and Newmarket Property Holdings, a subsidiary of an overseas family trust, has agreed to purchase the freehold St Katharine Docks from St Katharine's Investments. The cash consideration of £156 mln (EUR 174 mln), net of acquisition costs, equates to a capital value ...

  • PropertyEU Archive

    UK legacy loans could take 5 years to resolve, IPF told

    2011-06-28T00:00:00Z

    The total commercial property lending market in the UK contracted to around £290 bn (EUR 329 bn) last year from £305 bn in 2009, delegates at a recent Investment Property Forum event in London heard.