All PropertyEU Archive articles – Page 1770

  • PropertyEU Archive

    Caelum and Futureal team up on EUR 70m Polish project

    2011-04-19T00:00:00Z

    Irish investment group Caelum Development and Hungarian developer Futureal signed a joint venture agreement to develop Nova Park project in Gorzów Wielkopolski. Nova Park represents an investment of over EUR 70 mln.

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    Citycon opens Ã…kersberga Centrum in Sweden

    2011-04-19T00:00:00Z

    Finnish retail specialist Citycon said its Ã…kersberga Centrum shopping centre located in the Stockholm metropolitan area has opened to the public after a major extension and redevelopment programme.

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    JLL announces EMEA country appointments

    2011-04-19T00:00:00Z

    Global property adviser Jones Lang LaSalle has announced a number of senior appointments within the EMEA region. Alan Robertson, who as managing director, Turkey since 2008 has successfully grown JLL's Turkish business, is to become CEO for the Middle East and North Africa region (MENA).

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    Savills Germany appoints Kristian Barthels

    2011-04-19T00:00:00Z

    International real estate advisor Savills has appointed Kristian Barthels to join its office agency team in Hamburg as associate director in the department’s corporate real estate services (CRES) unit.

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    Catalyst Capital buys retail park near Dresden

    2011-04-19T00:00:00Z

    Catalyst Capital has acquired the Weißeritz-Park in Freital near Dresden for EUR 24.8 mln on behalf of its Catalyst European Property Fund. The retail park, which is anchored by a Kaufland hypermarket and has a gross lettable area of 20,000 m2, was acquired with the cooperation of the holder of ...

  • PropertyEU Archive

    GSW Immobilien enters the EPRA Europe Index

    2011-04-19T00:00:00Z

    German residential real estate company GSW Immobilien has entered the FTSE EPRA/NAREIT Developed Europe Index after its IPO on 15 April. The company passed all eligibility criteria for the Fast Track Index inclusion.

  • PropertyEU Archive

    Pradera plans Turkish retail fund

    2011-04-19T00:00:00Z

    Pradera Europe plans to start marketing a new fund or club deal for the Turkish retail market by the end of the second quarter, Chairman Colin Campbell told PropertyEU. The fund will invest in existing assets and target an IRR of 17%, he added. It will be launched together with ...

  • PropertyEU Archive

    Norwegian Property secures EUR 1.3 bn credit line

    2011-04-18T00:00:00Z

    Oslo-listed Norwegian Property has established new credit facilities totalling (NOK 10 bn) EUR 1.28 bn. The total credit amount is split in two main credit facilities. Nordea Bank Norge and Skandinaviska Enskilda Banken (SEB) offered EUR 641 mln in equal amounts for a duration of seven years.

  • PropertyEU Archive

    Immofinanz opens 10th retail park in Slovakia

    2011-04-18T00:00:00Z

    STOP.SHOP., Immofianz Group's umbrella brand for specialty shopping centres in Central Europe, has opened its 10th retail park in Slovakia.

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    Cofinimmo places EUR 173m bond offering

    2011-04-18T00:00:00Z

    Listed Belgian real estate company Cofinimmo has confirmed placement of a EUR 173.3 mln convertible bond offering. The bonds, convertible into ordinary shares, are due on 28 April 2016.

  • PropertyEU Archive

    Italian commercial property delivers robust 5.2% total return in 2010

    2011-04-18T00:00:00Z

    Italian commercial property delivered a 5.2% total return in 2010, a strong improvement on the 0.8% recorded in 2009, according to the IPD Italy Annual Property Index. However, capital values continued to decline, now for the third consecutive year, at -0.5%.

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    Italian pension scheme plans EUR 2b property fund

    2011-04-18T00:00:00Z

    Italy's social security agency INPS (Istituto Nazionale Previdenza Sociale) is in the process of selecting a facility and property management company as well as a SGR fund management firm to launch a fund which will own the bulk of the agency's property assets.

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    AXA REIM's debt programme reaches EUR 2.7b

    2011-04-18T00:00:00Z

    AXA Real Estate Investment Managers has raised an additional EUR 180 mln from a number of European insurance companies in the second close of its pan-European debt fund, Commercial Real Estate Senior 1 (CRE1). The fund has now attracted total equity of EUR 530 mln, following the EUR 350 mln ...

  • PropertyEU Archive

    Ikea to build EUR 250m mall in Bayonne

    2011-04-18T00:00:00Z

    Inter Ikea Centre Group has unveiled plans to invest EUR 250 mln in the development of a shopping centre adjoining an Ikea store in Bayonne, in the Pays Basque, south-western France.

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    EUR 3.5b of real estate on sale in CEE: C&W

    2011-04-18T00:00:00Z

    More than EUR 3.5 bn of investment real estate product is being actively offered for sale in the core CEE markets of Poland, the Czech Republic, Slovakia and Hungary, according to Cushman & Wakefield. This is marginally up on the previous quarter.

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    Redevco acquires retail property in UK for EUR 35m

    2011-04-18T00:00:00Z

    Redevco, an independent international real estate company, has purchased the freehold investment of a block of prime multi-let retail properties at 56-76 Commercial Road, Bournemouth in the UK from a private Irish investor for £31 mln (EUR 35 mln).

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    Deka acquires office asset in Bristol for EUR 35m

    2011-04-18T00:00:00Z

    Deka Immobilien has acquired an office building in the UK city of Bristol from a special fund managed by SEB Asset Management for £31 mln (EUR 35 mln). The property will be included in the Deka-S-PropertyFund No. 2 individual fund.

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    Catalunya Caixa buys EUR 430m of assets for property arm

    2011-04-18T00:00:00Z

    Five Spanish developers have surrendered their struggling projects to local lender Catalunya Caixa in a move to boost their financial positions. Catalunya Caixa's property arm has taken control of EUR 430 mln worth of development projects in exchange for financing or refinancing facilities.

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    Rockspring buys retail warehouses for EUR 62 mln

    2011-04-18T00:00:00Z

    Rockspring Property Investment Managers has acquired three retail warehouse properties in West Germany for EUR 62.2 mln. The properties were sold by a private investor in an off-market process, reflecting a blended net initial yield of just under 7%.

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    Hines partners with KGK in EUR 80m project near Barcelona

    2011-04-18T00:00:00Z

    US developer and investor Hines has signed an agreement with Indian company KGK to develop and manage a residential construction project in Sant Pere de Ribes, in the surroundings of Barcelona. The project is expected to involve an investment of some EUR 80 mln.