All PropertyEU Archive articles 鈥� Page 1743
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PropertyEU Archive
Invista bags Dundee's Wellgate Centre in EUR 35m deal
Clients of Invista Real Estate Investment Management (Invista) have acquired the Wellgate shopping centre in Dundee, Scotland for just over 拢31 mln (EUR 35 mln) in a deal said to be the largest Scottish investment transaction this year.
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PropertyEU Archive
DTZ IM acquires St John's retail park for EUR 46m
DTZ Investment Management has acquired the St John's retail park in Wolverhampton for nearly 拢41 mln (EUR 46 mln), reflecting a yield of 5.75%. The vendor was Aberdeen Asset Management.
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PropertyEU Archive
Hermes buys London offices for EUR 86m
Hermes Real Estate Investment Managers (HREIM), acting on behalf of the British Telecom Pension Scheme (BTPS), has purchased two adjoining office buildings in London for 拢76 mln (EUR 86 mln).
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PropertyEU Archive
SEB Enskilda CF to launch property advisory unit
Helsinki-based investment bank SEB Enskilda Corporate Finance said on Wednesday that it is creating a new business unit focused on real estate advisory. The company has appointed Juho Puhakainen as head of Real Estate, responsible for establishing the new business by September.
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PropertyEU Archive
Neil Jones drops exec role at Almacantar
Neil Jones, co-founder and joint managing director of Luxembourg-based investment company Almacantar, has decided to step down from his executive role in the company to pursue new opportunities in Continental Europe. The move follows an extensive review of Almacantar's strategic direction, which has resulted in the decision to focus the ...
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PropertyEU Archive
Westimmo may be sold in two parts, analysts say
State-owned German bank WestLB may sell its subsidiary Westimmo in its entirety or in two parts, separating the Pfandbrief-related assets from any 'toxic' ones, real estate analysts have told PropertyEU.
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PropertyEU Archive
Three European developments win ULI Awards for Excellence
Three developments have been selected as winners and a fourth highly commended in the Urban Land Institute's (ULI) EMEA Awards for Excellence competition.
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PropertyEU Archive
SEB seeks JV partner for Berlin's Potsdamer Platz
SEB Asset Management is planning to sell a stake in its massive Potsdamer Platz portfolio in central Berlin, a company spokesperson confirmed to PropertyEU on Wednesday. 'We are looking for a joint venture partner for the assets,' the spokesperson said.
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PropertyEU Archive
Capman divests property consulting business
Nordic private equity group Capman said on Wednesday that it is selling its real estate consulting business to a consortium led by former Capman director Markku Hietala, and including partners Matti Karlsson, Vesa Olkkola, and Pasi Nieminen.
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PropertyEU Archive
CBRE wins major Prupim mandate
Prupim, the real estate investment arm of M&G Investments, has selected CB Richard Ellis Group to provide property management and accounting services for its 4.1 million m[sup]2[/sup] UK property portfolio. The agreement is one of the largest property management services outsourcing contracts ever in both the UK and the EMEA ...
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PropertyEU Archive
L&R Properties poised to enter Spain
London & Regional Properties, the private investment company of UK billionaire brothers Richard and Ian Livingstone, is in exclusive negotiations to acquire the headquarters of Spanish construction group FCC in Barcelona and Madrid, well-informed market sources have confirmed to PropertyEU.
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PropertyEU Archive
Prime Office puts IPO plans on hold
Germany's Prime Office said on Wednesday it has shelved plans for an initial public offering (IPO) in face of 'volatile market conditions'.
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PropertyEU Archive
Realia sells stake in Madrid's La Vaguada mall
Spanish listed property company Realia has sold its interest in La Vaguada shopping centre in Madrid to department store chain El Corte Ingles. The investment volume of around EUR 50 mln represents a 3.5% premium to the asset's latest appraised value.
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PropertyEU Archive
PKP, HB Reavis in EUR 110m Warsaw mixed-use scheme
Slovak-based real estate developer and investor HB Reavis and Polish state-owned railway group PKP are partnering to build a mixed-use scheme and a railway station in the western part of Warsaw. The partners plan to invest a total of EUR 110 mln in the development of the project, which includes ...
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PropertyEU Archive
VGP in talks to sell 80% of Czech logistics portfolio for EUR 140m
Central and Eastern European listed logistics development group VGP has signed a preliminary agreement for the sale of an 80% stake in a portfolio of seven logistics parks in the Czech Republic for some EUR 140 mln. The buyer is an unnamed international investor, advised by Cushman & Wakefield.
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PropertyEU Archive
Deutsche Pfandbrief, SEB arrange EUR 180m refinancing loan
German lender pbb Deutsche Pfandbriefbank and Sweden's Skandinaviska Enskilda Banken (SEB) have provided a SEK 1.65 bn (EUR 180 mln) credit facility for the refinancing of Niam's News and Palmfelt office portfolios in Sweden.
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PropertyEU Archive
Leadenhall Triangle sale proceeds cover EUR 194m loan
Henderson Global Investors and a Canadian sovereign wealth fund have completed the joint acquisition of the Leadenhall Triangle office complex in the City of London, special servicer Hatfield Philips International (HPI) said on Tuesday. When the deal was first reported in mid-May the investment volume was believed to be substantially ...
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PropertyEU Archive
Cofinimmo buys care home portfolio for EUR 44m
Belgian listed property group Cofinimmo has announced the acquisition of a portfolio of six care homes located in France and let to the Medica Group, representing a total value of EUR 44.5 mln.
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PropertyEU Archive
IRE buys G45 scheme in Hamburg for EUR 63m
International investment manager Invesco Real Estate (IRE) has acquired the G45 mixed-use scheme at Hamburg's G盲nsemarkt for around EUR 63.5 mln. The vendor is one of US group Carlyle's private equity real estate funds.
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PropertyEU Archive
IVG fund acquires Pfizer's Prague HQ
Property adviser CB Richard Ellis announced that its capital markets team assisted Pfizer in a sale-and-partial-leaseback transaction of the pharmaceutical company's headquarter in Prague 5. The deal was initially signalled in May and the investment volume was not disclosed.
