All PropertyEU Archive articles 鈥� Page 1753
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PropertyEU Archive
Sogecap purchases D2 Tower development rights
The French public management entity for the development of La D茅fense Seine Arche, Epadesa, said on Tuesday that it has agreed a sale to Societe Generale's life insurance arm Sogecap of an additional 43,400 m[sup]2[/sup] of development rights as part of the D2 Tower development project in the Parisian business ...
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PropertyEU Archive
Quantum buys three Karstadt stores for EUR 250m
German property company Quantum Immobilien KAG said it has bought three Karstadt department stores belonging to the Highstreet portfolio for around EUR 250 mln.
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PropertyEU Archive
Covea and Batipart buy 28% stake in Medica
Batipart, the family holding of French businessman Charles Ruggieri, the founder of Fonciere des Regions, has announced the acquisition of a 9.5% stake in nursing home operator Medica. The vendor is from TBU-3 International, controlled by funds advised by private equity firm BC Partners.
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PropertyEU Archive
Enpam buys 90% of Q3 fund
The Italian pension fund for Italian doctors and dentists (Enpam) has acquired 90% of the units in the Q3 closed-end property fund, managed by Galotti's fund management arm, Quorum Sgr.
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PropertyEU Archive
LVMH to invest EUR 450m in Paris Samaritaine hotel
French luxury goods group LVMH has announced plans to invest EUR 450 mln to convert the landmark La Samaritaine department store in Paris into a mixed-use complex with a Cheval Blanc hotel. The development is said to be the largest privately funded construction project ever undertaken in Paris.
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PropertyEU Archive
Redevco, Carrefour agree lease termination in Belgium
Retail property specialist Redevco said on Tuesday that it has signed a long-awaited agreement with French retail group Carrefour regarding the termination of the lease contracts on six hypermarkets as well as the downsizing of four others properties in Belgium.
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PropertyEU Archive
AXA RE to develop major office complex in Paris
AXA Real Estate Investment Managers (AXA Real Estate) said on Tuesday that it has been selected as partner of the Opale-D茅fense consortium to develop a major office project located next to Balard, the future site of the French Ministry of Defence in Paris. The project will be carried out for ...
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PropertyEU Archive
Citycon bags H枚gdalen Centrum in Stockholm
Listed Finnish retail specialist Citycon has acquired the H枚gdalen Centrum shopping centre in Stockholm for SEK 207.5 mln (EUR 23 mln). The vendor is Centeni AB, the owner of the CentrumKompaniet shopping centre portfolio in Stockholm.
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PropertyEU Archive
More broker consolidation on the way, JLL's Ulbrich predicts
Christian Ulbrich, chief executive officer for EMEA at Jones Lang LaSalle, tells PropertyEU that there will likely be more consolidation among European property advisers over the next 18 months following JLL's merger with King Sturge.
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PropertyEU Archive
TMW Pramerica to liquidate open-ended Weltfonds
TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, has announced plans to liquidate its open-ended real estate fund, TMW Immobilien Weltfonds. In a statement on Tuesday, Pramerica said this decision was made 'despite all efforts and upon thorough review of all possible liquidity procurements'.
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PropertyEU Archive
PREI opens TerraCity mall in Turkey
Pramerica Real Estate Investors, the European real estate arm of US-based Prudential Financial, announced on Tuesday that it has completed its first development project in Turkey, a shopping centre in Antalya built with Istanbul-based joint venture partner, Eria Partners.
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PropertyEU Archive
Investor demand for CEE retail strongest since 2008: C&W
Investor demand for prime retail assets in Central Europe is at its strongest since the market collapsed in 2008, according to Cushman & Wakefield. The property adviser says in a new report that investors are seeking increased exposure to select Central European economies - notably Poland and the Czech Republic ...
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PropertyEU Archive
Rinascente owners agree EUR 260m sale to Central Retail
Shareholders in the Italian department store group Rinascente have approved the sale of the operational company to Centrail Retail Corporation (CRC), Thailand's largest retail group, for EUR 205 mln in cash and the assumption of EUR 55 mln in debt.
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PropertyEU Archive
Eroski sells 7 hypermarkets in Madrid
French retail group Leclerc has acquired a portfolio of seven hypermarkets in the vicinity of Madrid from the Basque supermarket and foodstore retailer Eroski for an undisclosed amount.
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PropertyEU Archive
HIH makes first acquisition in Vienna
German investor HIH Global Invest has made its first acquisition in Vienna with the purchase of a mixed-use scheme from Austrian listed property group Immofinanz for just over EUR 29 mln. The deal is in line with HIH's strategy to diversify its portfolio through acquisitions abroad.
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PropertyEU Archive
Hines eyes sale of BC Ducat Place III in Moscow
US privately held investor and developer Hines is in negotiations to sell its flagship BC Ducat Place III office development project near the Mayakovskaya metro station in Moscow. The business centre, offering some 50,000 m[sup]2[/sup] of space, could fetch up to $300 mln (EUR 247 mln), according to reports in ...
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PropertyEU Archive
UBS snaps up Berne's Wankdorf Center
The real estate fund management arm of Swiss bank UBS has announced the acquisition of the Wankdorf Center in Berne, Switzerland for an undisclosed sum. The vendor is Cologne-based Wankdorf-Center Bern Dr. Karl Bartel.
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PropertyEU Archive
Caja Madrid puts Madrid HQ on the market
Spanish bank Caja Madrid has hired Aguirre Newman to sell its Torre Kio headquarters on Madrid's Plaza de Castilla in a sale-and-leaseback transaction worth over EUR 200 mln. Developed by Kuwait Investments Office, the scheme offers some 30,000 m[sup]2[/sup] of office space and a parking lot.
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PropertyEU Archive
Degi Intl sells in London, prepares further sales
Germany's Aberdeen Immobilien Kapitalanlagegesellschaft said on Monday that its frozen Degi International open-ended real estate fund has sold an office building in London to an unnamed institutional investor for 拢60 mln (EUR 70 mln).
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PropertyEU Archive
King Sturge is good fit for JLL, Ulbrich tells PropertyEU
Christian Ulbrich, chief executive officer for EMEA at Jones Lang LaSalle, tells PropertyEU why King Sturge is such a good fit. The merger of the two firms will create a firm with a presence in 70 EMEA markets across 30 countries.
