All PropertyEU Archive articles 鈥� Page 1767
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PropertyEU Archive
Blackstone in takeover talks with Australia's Valad
US private equity firm Blackstone is in talks with Valad Property Group on a potential takeover of the Australian logistics property firm, in a deal expected to be worth around A$220 mln (EUR 162 mln), according to a news report by the Australian Financial Review.
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PropertyEU Archive
Hines links up with Ballymore to build in Birmingham
US developer and investor Hines is partnering with Ballymore Group to develop Two Snowhill, a 14-storey office building in Birmingham. Hines' European Development Fund II acquired the site and will fund the project.
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PropertyEU Archive
Lenders terminate Valad's management contract with Kefren
Valad Property Group said it has received notice of the termination of its $726 mln (EUR 490 mln) investment management mandate with Kefren of Sweden after the company's senior banks decided to call up their loans and apply for Kefren's bankruptcy. Kefren had been in talks with its creditor banks ...
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PropertyEU Archive
JLL's Q1 profit rises to $1.5m
Chicago-based Jones Lang LaSalle (JLL) saw first-quarter earnings surge to $1.5 mln (1 mln) from $0.2 mln in the year-earlier period. Revenue rose 18% year-on-year to $688 mln.
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PropertyEU Archive
Central London investment soars 34% in Q1 2011
Investment in central London commercial property surged 34% year-on-year to around 拢2.19 bn (EUR 2.5 bn) in the first quarter of 2011, according to figures from global property consultant Cushman & Wakefield (C&W). The figure compares to 拢1.63 bn in Q1 2010.
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PropertyEU Archive
CBRE posts $34m profit in Q1 2011
CB Richard Ellis (CBRE) posted a net profit of $34.4 mln (EUR 23.5 mln) in the first three months of 2011, compared to a loss of $6.6 mln in the same period a year before. The much-improved performance, driven by a sharp increase in revenue linked to growing property sales, ...
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PropertyEU Archive
RREEF buys California office for $65m
Deutsche Bank's RREEF investment arm has made a foray into the US property market with the purchase of a fully-leased office building in downtown Palo Alto, California from Embarcadero Capital Partners. The transaction price amounted to $65 mln (EUR 45 mln)
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PropertyEU Archive
London & Stamford bags City office scheme for 拢75m
London & Stamford Property has exchanged contracts with UBS Triton Property Fund to acquire the One Carter Lane office complex in the City of London for 拢75 mln (EUR 85 mln), excluding costs.
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PropertyEU Archive
Amstar, Renaissance open Aura mall in Novosibirsk
US real estate investment manager Amstar and local developer Renaissance have celebrated the grand opening of their Aura regional shopping centre in Novosibirsk, Russia.
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PropertyEU Archive
Peakside Capital sells Berlin residential asset
Germany's TAG Immobilien has acquired a residential complex consisting of 612 residential units in Berlin from a company majority-owned by the Peakside Real Estate Fund I, managed by European real estate private equity firm Peakside Capital. The parties have agreed to keep the purchase price confidential.
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PropertyEU Archive
Helaba strengthens French real estate business
German lender Helaba sad it is boosting its French real estate activities with the appointment of R茅my Boet to the post of senior director of origination.
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PropertyEU Archive
ULI names new CEO Europe
Joe Montgomery has joined the Urban Land Institute (ULI) as its new Chief Executive for Europe with responsibilities covering the expansion of its services and membership across Europe, and increasing the collaboration between public and private sectors in real estate and city development. He has joined ULI from the UK ...
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PropertyEU Archive
LGP unveils plans for warehouse project in Corby
Legal & General Property (LGP) said on Wednesday it has submitted an outline planning application for a new 81,800 m[sup]2[/sup] rail-connected cross-dock distribution warehouse at its 70 acre former Gefco UK Car Storage Site on Geddington Road in Corby, near Birmingham. The project is earmarked for the company's Industrial Property ...
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PropertyEU Archive
UK drives resurgence in non-listed fund performance
UK non-listed real estate funds delivered a performance of 14.9% in 2010 contributing significantly to the general upsurge in fortunes for the sector, according to the INREV Annual Index 2010 published on Wednesday.
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PropertyEU Archive
JLL: European real estate investment up 32% in Q1
Direct commercial real estate investment volumes in Europe reached EUR 26 bn in the first quarter 2011 (Q1 2011), representing an increase of 32% year-on-year, according to new research from Jones Lang LaSalle (JLL). Successful debt and equity issuance has provided liquidity to the market, which in turn drove cross-border ...
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PropertyEU Archive
NPRO granted EUR 1.3b of new credit lines
Norwegian Property (NPRO) said it has received two new credit facilities totalling NOK 10 bn (EUR 1.28 bn) from two consortia of Nordic lenders. In a statement, the Norwegian property company said lenders Nordea Bank Norge and Skandinaviska Enskilda Banken are providing a NOK 5 bn loan with a duration ...
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PropertyEU Archive
Metrovacesa strikes EUR 183m sale in Germany
Spanish listed property company Metrovacesa has sold the Deutsche Bank Carr茅e office complex in D眉sseldorf to an undisclosed buyer for EUR 183.5 mln, including roughly EUR 167 mln of debt, Spanish press reported on Tuesday. The price represents a capital loss for Metrovacesa of nearly EUR 7 mln.
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PropertyEU Archive
Pramerica closes EUR 200m worth of deals
Pramerica Real Estate Investors announced on Tuesday that it has recently carried out over EUR 200 mln worth of transactions across Europe and Latin America. Pramerica, the European real estate arm of US-based Prudential Financial, completed six deals on behalf of investors in its special funds managed by the Munich-based ...
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PropertyEU Archive
Caisse de d茅p么t merges property arms into $30b group
Canadian pension fund Caisse de d茅p么t et placement du Qu茅bec said on Tuesday it is merging its shopping centre unit, Ivanhoe Cambridge, and its office and residential subsidiary, SITQ, to create one group with roughly $30 bn (EUR 20 bn) of assets.
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PropertyEU Archive
Icade, Kl茅pierre inaugurate EUR 400m mall in Paris
Icade and Kl茅pierre's flagship Le Mill茅naire shopping centre will open its doors to the public on Wednesday at Porte d鈥橝ubervilliers, just outside the Paris ring road.
