All PropertyEU Archive articles 鈥� Page 1765
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PropertyEU Archive
PEPR rejects Prologis' EUR 1.2b bid as 'inadequate'
Prologis European Properties (PEPR) has rejected Prologis' offer of EUR 6.10 per share as 'inadequate'. 'Based on our strategy, business plans and the quality of our portfolio, we believe that the offer does not reflect the full value potential of PEPR,' Peter Cassells, chief executive officer of PEPR noted in ...
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PropertyEU Archive
KanAm extends redemption freeze for 12 months
German fund manager KanAm said on Tuesday that it has extended the redemption suspension for its Grundinvest open-ended property fund for a further 12 months.
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PropertyEU Archive
Matterhorn invests 拢250m in UK data centres
Matterhorn Capital, the property investment vehicle run by Anthony Lyons and Simon Conway, is entering the data centre market with a 拢250 mln (EUR 278 mln) investment in two sites in south-east England. The acquisition is an attempt by Matterhorn Capital to tap into this growing niche market, which is ...
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PropertyEU Archive
Centro Retail makes EUR 250m offer for Rinascente operator
Centrail Retail Corporation, Thailand's largest retail group, has made a EUR 250 mln offer for the operating company of Italian department store group Rinascente, PropertyEU has learned. The offer includes EUR 205 mln in cash and the assumption of EUR 45 mln in debt.
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PropertyEU Archive
Aareal raises EUR 269 mln in capital increase
Aareal Bank has raised gross proceeds of EUR 269.6 mln following a near fully-subscribed capital increase at an issue price of EUR 15.75. Following the capital increase, Aareal Holding holds a 28.9% stake in Aareal Bank's share capital, the Wiesbaden-bank said in a press statement.
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PropertyEU Archive
Quantum buys 4 Karstadt car parks
Quantum Immobilien KAG has announced the purchase of four Karstadt car parks from the Highstreet consortium for around EUR 40 mln. The purchase was made on behalf of the firm's Spezialfonds City Parking.
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PropertyEU Archive
Swisscanto buys industrial park for CHF 70m
Swisscanto, the Zurich-based joint venture of Cantonal Banks for investment and pension services, said it has acquired the Altenrhein industrial park near St. Gallen from TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, for around CHF 70 mln (EUR 55 mln).
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PropertyEU Archive
Deka buys Occidens building in Frankfurt for EUR 75m
Germany's Deka Immobilien said on Tuesday that it has purchased the Occidens office development project in the country's financial capital, Frankfurt, from Gro脽 & Partner for a minimum price of EUR 75 mln. The asset is earmarked for the group's WestInvest ImmoValue open-ended fund for institutional investors.
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PropertyEU Archive
DIC Asset unveils terms of corporate bond issue
German listed real estate company DIC Asset has announced that its five-year unsubordinated corporate bond with a volume of up to EUR 100 mln will pay an interest rate of 5.875%. The subscription period runs from 5 to 11 May 2011, but may be ended prematurely in the event of ...
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PropertyEU Archive
Lloyds puts bad property assets on market - report
Lloyds Banking Group has put a first portfolio of distressed property assets collected from about 38 different receiverships on the market through Jones Lang LaSalle, the Financial Times has reported.
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PropertyEU Archive
C&W takes full ownership of facility management JV
Cushman & Wakefield (C&W) said on Tuesday that it has acquired full ownership of a joint venture, Corporate Occupier Solutions (COS), formed with EC Harris in 2006. The deal is in line with 'its strategy to expand and align its facilities management services globally'. The financial details were not disclosed.
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PropertyEU Archive
Citycon closes EUR 105m purchase of Tallinn mall
Helsinki-listed retail specialist Citycon has completed the acquisition of the Kristiine Shopping Centre in Tallinn, Estonia from local developer Pro Kapital for some EUR 105 mln. The deal, which was first announced in mid-March, involves Tallinn's second-largest shopping centre after Rocca al Mare, which is also owned by Citycon.
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PropertyEU Archive
Newsec picked to manage EUR 145m Baltic portfolio
Northern European financial and real estate consultancy firm Newsec said on Monday that it has been appointed to manage a EUR 145 mln real estate portfolio throughout the Nordic and the Baltic regions.
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PropertyEU Archive
Real IS snaps up Hamburger Meile mall for EUR 250m
German fund manager Real I.S. has announced the purchase of the Hamburger Meile shopping centre on the Hamburger Stra脽e from a partnership of retail specialist ECE Projektmanagement and Hamburg-based developer Bruhn for around EUR 250 mln. The property will be transferred to a new closed-end fund of Real I.S. with ...
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PropertyEU Archive
Aedes fund sells Milan office for EUR 28m
The Investietico listed real estate fund, managed by Aedes BPM Real Estate SGR, has announced the sale of an office building located at San Donato Milanese, near Milan, to natural gas transport group Snam Rete Gas. The transaction amounts to nearly EUR 28 mln, generating around EUR 4 mln in ...
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PropertyEU Archive
European property stocks return 3.6% in April
European listed real estate, as represented in the GPR 250 Europe Index, ended April 2.6% higher, with the strong performance being driven by UK stocks. On a country by country basis, the UK topped the ranking with an increase of 5.9% in April, while Norway came second returning 5.5% in ...
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PropertyEU Archive
STE clinches EUR 45m refinancing
Soci茅t茅 de la Tour Eiffel (STE) has completed the refinancing of its La Poste portfolio comprising 12 properties valued at EUR 85 mln. In a statement on Monday, the French SIIC said that it was granted a new EUR 45 mln seven-year credit facility by Soci茅t茅 G茅n茅rale (CIG) and BECM ...
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PropertyEU Archive
Estavis buys Europe's largest brewery in Berlin
German investor Estavis said on Monday that it has acquired the listed buildings of what was once the largest brewery in Europe, located in Berlin's Friedrichshain district, from an unnamed seller. The company plans to redevelop and extend the landmark complex which was built in the early 1880s. The investment ...
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PropertyEU Archive
Wolbern Invest buys TriCon office building in Frankfurt
Hamburg-based Wolbern Invest has announced the acquisition of the TriCon office building in Frankfurt Rhein-Main from local developer Hochtief. The companies agreed not to disclose the transaction price.
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PropertyEU Archive
UBS' Centro Leoni gets LEED Silver
UBS Real Estate's Centro Leoni office complex in Milan has been awarded a LEED Silver certificate in the category of new developments. The Munich-based real estate fund management arm of UBS said this is the first LEED certificate to be ever awarded to an office building in the country.
