All PropertyEU Archive articles 鈥� Page 1762
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PropertyEU Archive
Allianz sells EUR 65m portfolio in Germany
German residential company Industria has acquired a portfolio of 767 residential units from Allianz Real Estate for around EUR 65 mln. The acquisition is earmarked for the group's Wohnen Deutschland property fund.
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PropertyEU Archive
Aareal eyes new business as lending profits grow
German lender Aareal Bank reported an operating profit of EUR 43 mln for its structured property financing business in the first quarter of 2011, up from EUR 24 mln in the same period last year and EUR 31 mln in the last three months of 2010.
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PropertyEU Archive
European RE faces further 'haircuts', American guru warns
The European real estate sector faces further 'haircuts' as the spectre of stafglation looms large, Reggie Middleton, a leading consultant credited with predicting the collapse of both Bear Stearns and Lehman Brothers, warns in the May edition of PropertyEU Magazine. 'I don't see how further devaluations are avoidable if interest ...
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PropertyEU Archive
CBRE to manage BA's global property portfolio
British Airways has appointed CB Richard Ellis (CBRE) to manage its 790,000 m[sup]2[/sup] global property portfolio, including more than 650,000 m[sup]2[/sup] in the UK.
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PropertyEU Archive
RBS takes control of Boultbee's Swedish retail portfolio
Royal Bank of Scotland (RBS) has taken over the Boultbee Brothers' remaining 51% stake in the Swedish shopping centre portfolio CentrumKompaniet.
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PropertyEU Archive
Ciloger shops in Paris and Nancy
French fund manager Ciloger said that it has bought two neighbourhood retail assets in Paris and Nancy. The company has purchased a retail asset let to L'atelier Agap茅 in the sixth arrondissement of the French capital as well as a city-centre property in Nancy, leased to Picard.
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PropertyEU Archive
Renaissance to list on Istanbul Stock Exchange
Turkish-Russian developer Renaissance Real Estate Investment (RGY) has announced that it will list its shares on the Istanbul Stock Exchange on 20 May. It hopes to raise EUR 176 mln to EUR 258 mln in its initial public offering.
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PropertyEU Archive
Panattoni to build 32,000-m[sup]2[/sup] facility near Lodz
Panattoni Europe has announced the start of construction for a new build-to-suit project in Poland. The logistics property operator said it will develop a manufacturing facility offering 32,000 m[sup]2[/sup] in Radomsko within the Special Economic Zone.
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PropertyEU Archive
Henderson acquires phase 1 of Ashford Retail Park
Henderson Global Investors has acquired Phase 1 of Ashford Retail Park in Kent, for 拢14.25 mln (EUR 16 mln), representing an equivalent yield of 5.4%. Henderson purchased the 5,100-m[sup]2[/sup] site on behalf of its 拢1.1 bn UK Retail Warehouse Fund from the Local Authorities' Mutual Investment Trust (LAMIT).
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PropertyEU Archive
CBRE Investors launches EUR 1.1b 'DC' property fund
CB Richard Ellis Investors (CBRE Investors) has launched a Defined Contribution (DC) property fund which aims to build up a EUR 1.1 bn diversified commercial portfolio in the UK.
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PropertyEU Archive
MEC buys 150 Leadenhall Street
Mitsubishi Estate Company (MEC) has bought 150 Leadenhall Street, EC3, London, the UK headquarters of fellow Japanese company Tokio Marine. The financial details were not disclosed.
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PropertyEU Archive
2011 forecast to be strongest year since market peak: JLL
This year is set to book the strongest performance and real estate trade volume since the market peak of 2007, according to Jones Lang LaSalle's new Global Market Perspective report.
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PropertyEU Archive
PropertyEU Magazine - May 2011
The cover story in the May 2011 edition of PropertyEU Magazine examines 'the value of green'. Sustainability initiatives are proliferating in the European 颅property sector as companies seek to 'green' their existing buildings and portfolios in the face of mounting legislative and 颅shareholder 颅pressure. But does sustainability pay off? And ...
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PropertyEU Archive
Colliers group to advise on EUR 300m bank asset sale in Italy
Colliers International Italy and real estate management network EXITone have signed a contract to advise Bank of Italy on the divestment of a EUR 300 mln portfolio of property assets.
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PropertyEU Archive
Unibail-Rodamco unveils EUR 321m Aeroville mall project
Unibail-Rodamco, Europe's largest listed real estate company, has announced plans to begin construction of its Aeroville shopping centre project in a northern suburb of Paris within the next two months. The total investment cost is expected to be about EUR 321 mln. Aeroville is scheduled for completion by end-2013.
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PropertyEU Archive
Redefine buys Harrow shopping centre for EUR 68m
AIM-listed South African investor Redefine International has acquired the St George's leisure and shopping centre in Harrow, north of London from Propinvest for 拢60 mln (EUR 68 mln). Developed in 1996, the scheme offers 20,500 m[sup]2[/sup] of space let to Vue Cinemas, Fitness First, Wilkinsons and Boots.
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PropertyEU Archive
First Growth structures EUR 80m Paris tower deal
First Growth Real Estate Capital (FGREC) structured and arranged the buy-out of GE Capital's 50% stake in the Mercuriales Towers, Paris with a senior-mezzanine loan refinancing in excess of EUR 80 mln. The vendor was Groupe Colbert, owner of the other 50%.
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PropertyEU Archive
Italian institutions enter the RE arena
Italian institutional investors - who traditionally trail their Western European peers when it comes to real estate investment - are going all out in the Italian market in 2011, according to transaction data compiled by PropertyEU. With little apparent regard for the problems facing the Italian economy, local institutional players ...
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PropertyEU Archive
Knight Frank names new Spanish boss
Property adviser Knight Frank has appointed Alberto Prieto as managing director of its Spanish office. His appointment follows the departure of Fr茅d茅ric Mangeant, who has led the group's Spanish business for the past 20 years.
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PropertyEU Archive
Rebranded InfraRed Capital Partners plans new fund launches
Following the management buyout of HSBC Specialist Investments and its rebranding as InfraRed Capital Partners, the company now has plans to launch additional funds, InfraRed鈥檚 chief executive, Werner von Guionneau, told PropertyEU.
