All PropertyEU Archive articles 鈥� Page 1744
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PropertyEU Archive
Apollo likely buyer for WestImmo, industry sources say
State-owned German bank WestLB is on the brink of selling its Pfandbrief-issuing subsidiary WestImmo to Apollo Global Management, according to those who track the market, with a sale widely expected to be concluded by the end of the month.
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PropertyEU Archive
CBRE Investors sells Citalys to BNP Paribas REIM
BNP Paribas REIM has acquired the Citalys office scheme in Mont茅vrain Val d鈥橢urope, France, from the CB Richard Ellis Strategic Partners Europe Fund III, managed by CBRE Investors, for an undisclosed amount. The property is earmarked for BNP Paribas REIM's SCPI Valeur Pierre Alliance investment vehicle. Financial details were not ...
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PropertyEU Archive
Irish investor buys Neumarkt Galerie out of insolvency
Irish private equity firm Signature Capital has acquired one of Cologne's major landmarks, the Neumarkt Galerie mixed-use complex, from administrator Markus Heider of Goerg for around EUR 130-135 mln, well-informed market sources told PropertyEU. The price represents a nearly 25% discount to the amount paid by the former owner, Irish ...
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PropertyEU Archive
Two-thirds of East German shopping centres require overhaul: IVG
Around two-thirds of all shopping centres in eastern Germany require long-term revitalisation for the first time, according to a research report by German listed company IVG. Most of the shopping centres were built after re-unification in the 1990s, often with little expertise, the report said. All in all, two-fifths of ...
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PropertyEU Archive
Mark Roberts joins RREEF as global head of research
RREEF, the real estate investment business of Deutsche Bank's Asset Management division, has appointed Mark Roberts as managing director and global head of research.
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PropertyEU Archive
Central Europe volumes to reach EUR 5b by end-2011: C&W
Real estate investment in Central Europe continues to gain momentum with EUR 2.09 bn invested so far this year in the core markets of Poland, the Czech Republic, Slovakia, Hungary and Romania, according to Cushman & Wakefield. The property adviser suggests that total volumes for the region could reach EUR ...
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PropertyEU Archive
St Modwen to develop EUR 23m purpose-built facility for Siemens
UK regeneration specialist St Modwen has signed a 拢20 mln (EUR 22.7 mln) deal to develop and pre-let a new 135,000 sq ft facility at Teal Park, Lincoln, with German electronics company Siemens on a-12 year lease.
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PropertyEU Archive
Amundi shops in Italy with EUR 25m office buy
The Italian fund management arm of French group Amundi has acquired an office building in Casalecchio di Reno, near the northern Italian city of Bologna from the Petrarca real estate fund, managed by Aedes Bpm Re Sgr. The investment volume of EUR 25 mln reflects a yield of 7.39%.
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PropertyEU Archive
Over 40% of Lloyds and RBS property loans in 'intensive care', IPF hears
Around 43% of the real estate loans of UK financiers Lloyds Banking Group (LBG) and Royal Bank of Scotland (RBS) are in 'intensive care', an Investment Property Forum event has heard.
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PropertyEU Archive
AMF Real Estate sells Stockholm scheme for EUR 46m
Swedish property company AMF Real Estate said on Monday that it has sold the Stettin 6 asset in Stockholm's Tegeluddsv盲gen area to an affiliate of Estancia Fastigheter for some SEK 420 mln (EUR 46 mln). Ownership will be transferred in the fall of 2011.
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PropertyEU Archive
CBRE named as investment adviser for Coral student portfolio
CB Richard Ellis' Real Estate Finance team (CBRE REF), has been appointed as investment adviser to Coral Student Portfolio (Coral), a student accommodation fund-of-funds which provides investors with access to a range of specialist vehicles typically only available to the institutional market. CBRE REF will begin working for Coral from ...
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PropertyEU Archive
DTZ reviews approach from key shareholder SGP
Global real estate adviser DTZ said on Monday that it was still reviewing approaches of interest, including one from its majority shareholder Saint George Participations SAS (SGP), supported by brokerage firm BNP Paribas.
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PropertyEU Archive
Atrium settles legal dispute with Meinl Bank
Vienna and Amsterdam-listed Atrium European Real Estate has announced that it has laid a long-running dispute with former major shareholder, Austria's Meinl Bank, to rest. The two sides have reached an agreement that resolves all disputes between them.
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PropertyEU Archive
KGAL buys Bonn office scheme for green fund
German closed-end fund manager KGAL said on Monday that it has made the first investment on behalf of its EUR 500 mln Spezialfonds KGAL/HI Sustainable Office Fund with the purchase of the Rheinwerk 2 environmentally sustainable office complex in Bonn.
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PropertyEU Archive
Main Dublin shopping streets buck trend on occupancy: Savills
Dublin's two main city centre shopping streets, Grafton Street and Henry Street, are recording occupancy rates of 98.1% and 99.4% respectively as rents on new prime zone A lettings fall by up to around 50% to pre-boom levels, according to new research from Savills.
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PropertyEU Archive
Strabag to develop over 15,000 m[sup]2[/sup] in Stockholm
Construction group Strabag's Swedish development subsidiary is to develop over 12,000 m[sup]2[/sup] of residential space and more than 2,000 m[sup]2[/sup] of retail space in Tyres枚, a southern suburb of Stockholm.
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PropertyEU Archive
Generali to invest EUR 100m in redevelopment of Milan scheme
The real estate arm of Italian insurance giant Generali is investing some EUR 100 mln to convert an office building in the eastern part of Milan into 120 residential units, Giovanni Paviera, CEO of Generali Immobiliare Italia Sgr told PropertyEU in an interview.
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PropertyEU Archive
MAB-Sonae Sierra jv to develop EUR 120m mall in Germany
MAB Development and Sonae Sierra have formed a joint venture to develop a new EUR 120 mln shopping centre at the former Karstadt building in Solingen, a city in the North Rhine-Westphalia region of Germany.
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PropertyEU Archive
Bouwfonds REIM, Quares to set up EUR 150m Benelux retail fund
European fund manager Bouwfonds REIM is working with Belgian real estate company Quares to establish a real estate fund offering private investors access to high-quality shops in top locations in the Benelux. The fund has an equity target of EUR 150 mln spread over three closings. The fund launch is ...
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PropertyEU Archive
Canary Wharf in talks to buy EUR 170m Citi tower debt - report
Canary Wharf Group is in exclusive talks with Royal Bank of Scotland to buy more than 拢150 mln (EUR 171 mln) of debt backing the Citigroup tower, which is being sold by its private owners for over 拢1 bn, the Financial Times has reported.
