All PropertyEU Archive articles 鈥� Page 1769
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PropertyEU Archive
Kier Group buys Lloyds' 50% stake in development unit
UK construction and property group Kier has agreed to acquire Lloyds Banking Group's 50% stake in their jointly-owned portfolio of real estate assets for 拢91 mln (EUR 103 mln).
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PropertyEU Archive
FDL sells assets in Essen and D眉sseldorf
French SIIC Fonci猫re D茅veloppement Logements (FDL) has signed two sale agreements with two German institutional investors for the divestment of 627 housing units located in the cities of Essen and D眉sseldorf, in the Ruhr region. The transaction volume amounted to a total of EUR 42 mln, representing a profit to ...
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PropertyEU Archive
RICS Europe calls for stronger due diligence
RICS Europe has published its first Technical Due Diligence Guidance Note to encourage best practice and stronger due diligence during real estate transactions in Europe.
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PropertyEU Archive
CBRE Germany names new head of international investment
CB Richard Ellis' German office has announced the appointment of Joachim Wiebeck and Kai Oulds as the new co-heads of International Investment. Wiebeck (42) and Oulds (35), who joined CBRE in 2005 and 2006 respectively, will manage relations with the international clients of CBRE looking to invest in German commercial ...
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PropertyEU Archive
Unibail-Rodamco gears up on Spanish sales
Unibail-Rodamco is expected to push ahead with plans to sell its non-core Spanish assets earmarked for sale after having clinched disposals in the Netherlands and the Nordics in the past few weeks. According to a well-informed market souce, conversations are advancing on a EUR 180 mln portfolio of four centres ...
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PropertyEU Archive
Sonae Sierra puts 2 Spanish malls on the market - exclusive
Portuguese retail specialist Sonae Sierra has put the Dos Mares and La Farga shopping centres in Spain on the market, PropertyEU has learnt. The company is understood to have mandated C&W to sell Dos Mares in La Manga, located between the cities of Alicante and Cartagena.
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PropertyEU Archive
CEE property returns rebound in 2010: IPD
Central and Eastern European commercial property market performance returned to positive territory in 2010, delivering a 3.1% euro-denominated total return, according to the IPD CEE Annual Property Index. This was a strong improvement on 2009鈥檚 -6.5% return.
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PropertyEU Archive
PNK sells Russian warehousing project for EUR 25m
US investor PNK Group has sold a built-to-suit warehousing facility in the PNK-Chekhov logistics park in the Oblast district of Moscow to Russian group ????. Oleg Mamaev, Chief Executive Officer of PNK Group said the deal was completed for a price of EUR 25 mln.
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PropertyEU Archive
Frank Teupe heads RE acquisition at Real IS
Frank Teupe took over in April as head of Real Estate acquisition at German fund manager Real IS, replacing Markus Brucker who leaves in June to set up his own business.
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PropertyEU Archive
Etalon admitted to trading in London
Russian residential property developer Etalon Group was admitted to trading on London Stock Exchange on Wednesday. Over 94 million of the company's shares in the form of global depository receipts (GDRs) are listed on LSE's Main Market following a EUR 398 mln IPO last week.
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PropertyEU Archive
Vastned O/I and NSI agree merger plan
Listed Dutch real estate companies Vastned Offices/Industrial and Nieuwe Steen Investments announced on Wednesday that they have reached agreement on a merger.
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PropertyEU Archive
Asian serviced residence firm expands in Germany
Serviced residence specialist The Ascott Limited has expanded its presence in Germany with a EUR 28 mln investment in Frankfurt. Ascott, a wholly owned unit of Singapore-listed CapitalLand, announced on Wednesday that it is acquiring a turnkey serviced residence property which is scheduled to open in 2014.
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PropertyEU Archive
IVG to sell office building in Brussels
International real estate advisers Savills and CB Richard Ellis have been appointed in the sale of Boulevard du R茅gent 37-40, in Brussels city centre.
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PropertyEU Archive
W.P. Carey eyes Spain and CEE for new SLB deals
W.P. Carey, the global sale-and-leaseback specialist, is eyeing opportunities in Spain and Eastern Europe as it seeks to invest about EUR 1 bn in Europe this year.
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PropertyEU Archive
European retail property sector outshines rest of market: CBRE
European retail investment grew to EUR 12.2 bn in the first quarter (Q1) of 2011 - a 4% increase over Q4 2010 and the highest quarterly total since Q1 2008, according to the latest research by CB Richard Ellis.
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PropertyEU Archive
Pramerica's Spezialfonds in 1st deal in Mexico
Pramerica Real Estate Investors, part of US group Prudential Financial, has made its first investment in Mexico on behalf of a Spezialfonds managed by its German arm TMW Pramerica Property Investment. The fund has bought the Torre Acuario office and retail property in Mexico City from a local private investor. ...
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PropertyEU Archive
Banks will need 4 'Shard Towers' of London space
Banks will require an additional 1.6m square feet or 148,000 m[sup]2[/sup] of space in Central London over the next three years - equivalent to four Shard Towers or five Heron Towers, according to the latest research by BNP Paribas Real Estate.
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PropertyEU Archive
Listed companies raise EUR 8.4b in QI
Public real estate companies raised $12 bn (EUR 8.4 bn) in the first quarter of 2011, according to LaSalle Investment Management. Global real estate stocks and the broad market posted solid returns in the first quarter of 2011 despite considerable volatility in March. The UBS Global Investors Index of real ...
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PropertyEU Archive
Hochtief sells residential property for EUR 47m
Hochtief Projektentwicklung has sold its residential and commercial property project 'Am Europagarten' in Europaviertel West to ABG Frankfurt holding. ABG bought the 20,000-m[sup]2[/sup] project for EUR 47 mln.
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PropertyEU Archive
British Land gets approval for 5 Broadgate
UK REIT British Land and private equity firm Blackstone Group have received planning permission for their development of a new office complex for financial services firm UBS in the City of London.
