All PropertyEU Archive articles – Page 1776

  • PropertyEU Archive

    GE Capital sells 50% of Mercuriales towers

    2011-04-06T00:00:00Z

    French management group Colbert has acquired the remaining 50% stake it did not own in the Mercuriales twin towers in Bagnolet, in the eastern suburbs of Paris from GE Capital. The financial details were not disclosed.

  • PropertyEU Archive

    Aedes names new CEO

    2011-04-06T00:00:00Z

    Italian real estate fund manager Aedes Immobiliare has appointed Filippo-Maria Carbonari as new CEO of the group, following the departure of Francesco Montescani.

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    Column: Pension fund reforms could boost REITS

    2011-04-06T00:00:00Z

    With defined contribution (DC) gradually taking over from defined benefits (DB) as the pension scheme of choice, the European listed property sector has an excellent opportunity to deliver its potential, writes Gareth Lewis, director of finance at EPRA.

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    ECE to manage Modoo shopping centre in Oviedo

    2011-04-06T00:00:00Z

    Auxideico, the Spanish subsidiary of German shopping centre specialist ECE, has taken over the management of Modoo centre in Oviedo, the capital city of the Principality of Asturias in northern Spain.

  • PropertyEU Archive

    Spanish commercial property returns to positive territory

    2011-04-06T00:00:00Z

    Spanish commercial property delivered a positive total return in 2010 of 4.9%, a substantial improvement on a negative result of 9.3% in 2009, according to the IPD Spain Annual Property Index.

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    Investors will opt for smaller deals to minimise risk, Gilbertson predict

    2011-04-06T00:00:00Z

    In April, professor Barry Gilbertson retires as a partner specialising in strategic advice on real estate assets at PricewaterhouseCoopers and become a non-executive consultant at Knight Frank. A leading property receiver, Gilbertson (60) was involved in the workout of $15 bn (EUR 10.6 bn) in real estate assets owned and ...

  • PropertyEU Archive

    SLI predicts near double digit returns for RE

    2011-04-06T00:00:00Z

    Standard Life Investments, a leading investment house and one of the largest real estate investors in Europe, predicts close to double digit annual returns for global commercial real estate markets over the medium term.

  • PropertyEU Archive

    Unibail-Rodamco gets green light for Triangle in Paris

    2011-04-06T00:00:00Z

    Unibail-Rodamco has been given the green light to go ahead with the development of a 180-metre high Triangle-shaped office tower in Paris. The construction costs for the 'Triangle' project are estimated at around EUR 500 mln.

  • PropertyEU Archive

    Over EUR 1.5b of offices on sale in Frankfurt

    2011-04-05T00:00:00Z

    Over EUR 1.5 bn of office real estate is set to change hands in Frankfurt as owners seek to take advantage of rising demand for prime assets in the German financial capital.

  • PropertyEU Archive

    New EUR 60m addition to A10 mall opens near Berlin

    2011-04-05T00:00:00Z

    The new shopping mall of the A10 Center on the southern Berlin motorway ring road opens its doors today, German shopping centre companies ECE and Deutsche Euroshop have announced.

  • PropertyEU Archive

    Westimmo sees 47% drop in new business in 2010

    2011-04-05T00:00:00Z

    Westdeutsche ImmobilienBank (Westimmo) saw its new business volumes plunge 47% to EUR 3.3 bn in 2010 from EUR 6.2 bn the year before. The German lender blamed the fall on market conditions and a European Commission order to financial group WestLB to sell the Westimmo real estate financing unit.

  • PropertyEU Archive

    PropertyEU Magazine April 2011 edition

    2011-04-05T00:00:00Z

    The April 2011 edition of PropertyEU Magazine, published this week, looks at the top 50 European real estate fund managers. PropertyEU's overview examines the strategies of leading players, together with profiles and fact files on their top investment deals in 2010. Key trends in the sector include the formation of ...

  • PropertyEU Archive

    Portuguese index posts strongest returns in 3 years

    2011-04-05T00:00:00Z

    Portuguese commercial real estate has delivered its strongest investment performance in three years, with a 4.2% total return for 2010, according to the IPD Portugal Annual Property Index.

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    FHH spends EUR 62m in mixed-use asset in Freiburg

    2011-04-05T00:00:00Z

    German closed-end fund manager Fondshaus Hamburg (FHH) has acquired a mixed-use development project in Freiburg, Baden-Württemberg, Germany from local developer Unmüssig Baden for around EUR 62.5 mln. The property will be transferred to a new closed-end fund to be marketed to investors in the second quarter of 2011, FHH said ...

  • PropertyEU Archive

    AEW Europe appoints Wilkinson as chief investment officer

    2011-04-05T00:00:00Z

    European real estate investment manager AEW Europe has appointed Rob Wilkinson as chief investment officer. In this role he will continue to oversee the investment activities of the firm and the management of funds and separate accounts. He was formerly head of Fund Management and Separate Accounts and remains based ...

  • PropertyEU Archive

    Savills boosts Frankfurt office agency team

    2011-04-05T00:00:00Z

    International real estate advisor Savills has recruited Jennifer Groß as a senior consultant in its Frankfurt office agency department as part of a wider expansion strategy. Groß has eight years experience in real estate and joins Savills from Colliers Schön & Lopez Schmitt where she worked for seven years, most ...

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    L&G Prop's director to chair Green Property Alliance

    2011-04-05T00:00:00Z

    Bill Hughes, managing director of Legal & General Property (LGP), has assumed the chairmanship of the Green Property Alliance, an umbrella organisation that provides the voice for a collection of property organisations collaborating to achieve a more sustainable built environment.

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    C&W announces new hires in CIS team

    2011-04-05T00:00:00Z

    Cushman & Wakefield (C&W) had appointed James Crisp as a partner in its EMEA region Corporate Occupier & Investor Services (CIS) team. Crisp, who will be based in London, was previously a director at Capita Symonds (formerly NB Real Estate) where he was responsible for UK and European occupier services.

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    DTZ appoints new Hungary chief

    2011-04-05T00:00:00Z

    DTZ has appointed Balázs Czifra as country head for Hungary from the start of April. Czifra was previously commercial director for Continental Europe at Segro. Prior to that he spent nine years at DTZ and led the industrial agency team for three years.

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    Australian fund buys Siic de Paris' Wagram asset

    2011-04-05T00:00:00Z

    Australian insurance group AMP Capital Investors has acquired the Wagram office building from French REIT Siic de Paris for around EUR 22 mln. The property is earmarked for the group's Global Direct Property Fund.