All PropertyEU Archive articles 鈥� Page 1772
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PropertyEU Archive
Tamar fund secures 2nd pan-European refinancing deal
Tamar European Industrial Fund t (TEIF) said on Thursday that it has received approval from PBB Deutsche Pfandbriefbank for an extension of its existing EUR 88 mln debt facilities.
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PropertyEU Archive
Aareal Bank unveils EUR 269m capital increase
Aareal Bank has announced a rights issue to raise gross proceeds of around EUR 269 mln. The German listed property financier said the proceeds would be used to support growth of its Property Financing segment, and for strengthening the bank's equity base.
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PropertyEU Archive
SEB AM to launch EUR 800m Asian property fund in May
SEB Asset Management plans to launch its second Asian property fund in May this year, which will target a size of some EUR 800 mln.
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PropertyEU Archive
Prologis increases stake in PEPR ahead of full offer
Prologis has increased its stake in Euronext-listed fund Prologis European Properties (PEPR) ahead of launching a mandatory tender offer for all the outstanding units in the fund it does not already own. Earlier Prologis rejected the APG-led EUR 6 per unit offer and has now counter-attacked with its own bid ...
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PropertyEU Archive
Patrizia launches alternative investments segment
German listed property company Patrizia Immobilien has announced it is expanding its services for national and international institutional investors with a new alternative investments division.
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PropertyEU Archive
Kl茅pierre opens Aqua Portim茫o mall in Portugal
Paris-listed real estate company Kl茅pierre has opened the Aqua Portim茫o shopping centre in the Algarve region of Portugal. The shopping centre covers a total floor area of 47,250 m[sup]2[/sup] spread over three levels and featuring a shopping gallery of 35,500 m[sup]2[/sup].
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PropertyEU Archive
Capital raising in non-listed sector bounces back: INREV
Non-listed real estate vehicles raised EUR 10.5 bn in new capital in 2010, according to the INREV Capital Raising Survey. This marks an increase of 80% on the EUR 6 bn raised a year earlier. A similar amount is expected to be raised in the coming year, Lonneke L枚wik, INREV, ...
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PropertyEU Archive
Hubertus Kobe named CEO of Corio Germany
Corio has announced that Hubertus Kobe is joining the listed European shopping centre specialist as CEO of its German operations. Kobe was managing partner of DTZ Zadelhoff Tie Leung until recently. He was also a member of the DTZ retail board EMEA-region.
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PropertyEU Archive
Non-listed sector faces further polarisation and consolidation
The non-listed real estate sector is poised for a strong wave of industry consolidation as the overall real estate capital base decreases in the fallout of the financial crisis. Further polarisation into large and specialist organisations can also be expected.
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PropertyEU Archive
Multi opens Forum Sintra in Portugal
Multi Development has announced the opening of Forum Sintra shopping centre in Portugal. Developed and managed by Multi Mall Management Portugal, the centre is 98% let.
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PropertyEU Archive
Global RE investment surges to EUR 62bn in Q1
Preliminary figures released by Jones Lang LaSalle鈥檚 Capital Markets Research reveals that global direct commercial real estate investment volumes totalled just under $90 bn (EUR 62 bn) in the first quarter of 2011. This figure is down 20% from the previous quarter but up nearly 38% from Q1 2010, indicating ...
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PropertyEU Archive
WP Carey invests EUR 235m in Q1
Investment firm WP Carey & Co. announced on Tuesday that it completed more than $340 mln (EUR 235 mln) of property investments in the first quarter of 2011. The transactions involved 15 facilities comprising more than 2 million m[sup]2[/sup]. The facilities were acquired on behalf of the firm's publicly-held, non-traded ...
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PropertyEU Archive
DIC Asset plans EUR 100m corporate bond offer
German listed real estate company DIC Asset has announced plans to issue a five-year corporate bond with a volume of up to EUR 100 mln. The debt securities are intended for private and institutional investors in Germany and Austria within the framework of a public offer.
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PropertyEU Archive
Hansteen unveils offering to raise EUR 168m
London-listed Hansteen Holdings has announced that it proposes to raise gross proceeds of 拢150 mln (EUR 168 mln) - or 拢147 mln net of expenses) through the issue of 185 new shares. The Placing and Open Offer has been priced at 81p per New Ordinary Share.
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PropertyEU Archive
Nordics record postive returns in 2010: IPD
Nordic commercial property delivered capital growth of 2.8% in 2010, according to the IPD Nordic Annual Property Index, marking a return to positive growth after two years of capital depreciation.
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PropertyEU Archive
Grosvenor leads EUR 268m retail acquisition in Sweden
A consortium led by Grosvenor Fund Management (GFM) has acquired a portfolio of four retail properties in Sweden from listed European real estate giant Unibail-Rodamco for SEK 2.4 bn (EUR 268 mln).
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PropertyEU Archive
Patrizia purchases residential facility in Munich for EUR 50m
German listed property company Patrizia Immobilien has purchased a residential and commercial property in Munich for about EUR 50 mln. The facility provides 478 apartments and a commercial unit over a total floor space of 30,572 m[sup]2[/sup].
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PropertyEU Archive
Goodman, Alpha to develop TJK Maxx centre in Poland
Industrial property specialists Goodman Group and Alpha Industrial are to develop a 26,900 m[sup]2[/sup] distribution and processing centre in Wroc鲁aw, Poland. The facility is for TJX Europe, the off-price retailer that sells designer clothing and homeware accessories at discounts of up to 60% in stores across Poland.
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PropertyEU Archive
APG hardens stance in battle over PEPR
Dutch pension fund APG is committed to pursuing its surprise takeover offer for Prologis European Properties (PEPR) together with Sydney-listed Goodman Group and a group of like-minded investors, Patrick Kanters, Managing Director Global Real Estate at APG, told PropertyEU. 'We believe we have made a very compelling offer and trust ...
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PropertyEU Archive
Valad appoints new senior asset manager in Germany
Valad, the European multi-let real estate investment manager, has appointed Thomas Gurski as senior asset manager in Germany. Gurski will lead the Valad team in Region West with responsibility for managing Valad鈥檚 existing real estate portfolio in the metropolitan Ruhr area around Dusseldorf and Cologne along with the Frankfurt area, ...
