All PropertyEU Archive articles 鈥� Page 1778
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PropertyEU Archive
GSW sets IPO date for 15 April, targets EUR 517m
Berlin-based residential real estate company GSW has set the date for its IPO as 15 April 2011, almost a year after it postponed its flotation citing 'significantly increased volatility and uncertainty in global equity markets'.
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PropertyEU Archive
Swiss property market returns improve over 2010
Switzerland's property market has continued its unbroken streak of nine-consecutive years of capital appreciation, with 1.4% in 2010, according to the IPD Switzerland Annual Property Index.
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PropertyEU Archive
Gecimed buys EUR 230m nursing home portfolio
Gecimed, the healthcare unit of Gecina, has signed a preliminary agreement with Fonci猫re Sagesse Retraite (FSR) to buy a portfolio consisting of 30 nursing homes for a total of EUR 230 mln, reflecting an initial yield of 6.36%.
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PropertyEU Archive
AP4 sells 50% of Dombron to AMF
AP4, the Fourth Swedish National Pension Fund, has agreed to sell half its shares in property manager Dombron Stakeholders to pension provider AMF for SEK 400 mln (EUR 45 mln). Dombron is one of the largest owners and managers of residential properties in Sweden, with a portfolio of 8,000 residential ...
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PropertyEU Archive
Orion snaps up Berlin's Allee mall from DWS
European real estate investor Orion Capital Managers has acquired the Allee shopping centre in Berlin-Hohensch枚nhausen from a closed-end fund managed by DWS, the mutual fund company of Deutsche Bank's Asset Management Business Division. The transaction price was not revealed, but is believed to be in the region of EUR 50 ...
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PropertyEU Archive
AXA RE buys office building in Rome
AXA Real Estate Investment Managers SGR, part of the AXA Real Estate group, has bought an office building in Rome from iii-European Property Fund, a fund managed by Internationales Immobilien Institut, for an undisclosed amount. The purchase was made on behalf of AXA's Core Italian Properties fund (CIPF).
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PropertyEU Archive
BNP sells Bologna hypermarket, launches new fund
The Italian fund management arm of BNP Paribas REIM has announced the sale of a hypermarket in the Via Larga shopping centre in Bologna, Northern Italy, to local hypermarket group Gruppo Nordiconad for over EUR 31 mln. The property was owned by the BNL Portfolio Immobiliare fund, which is currently ...
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PropertyEU Archive
Rockspring buys in Germany and Spain
Rockspring Property Investment Managers has made two retail property acquisitions in Spain and Germany for a total of EUR 115 mln. In Germany, Rockspring has purchased Das Es!, a dominant downtown shopping centre in Esslingen to the southeast of Stuttgart, from SEB Asset Management for EUR 69 mln, reflecting a ...
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PropertyEU Archive
Carrefour, Realia partner to complete Santiago mall
Spanish listed property firm Realia and Carrefour Property have joined forces to complete the development pf and operate the As Cancelas shopping centre located in Santiago de Compostela, Spain. The total investment is expected to amount to EUR 90 mln.
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PropertyEU Archive
Pramerica sells in London and Hannover
TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, has divested an office and commercial building in the City of London to an unnamed buyer. The sales price of 拢65 mln (EUR 74 mln) is 25% above the price Pramerica paid for the building back in 2009.
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PropertyEU Archive
Turnover in CEE reaches EUR 1.2b in first two months
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 1.2 bn in the first two months of 2011, according to new research released today by CB Richard Ellis (CBRE).
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PropertyEU Archive
German industrial/logistics sales to reach EUR 1b, says Realogis
The market for industrial and logistics real estate is starting to gain momentum again after two cautious years, according to German estate agents and consultancy group Realogis.
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PropertyEU Archive
Savills expects volumes in France to total EUR 14b this year
International real estate advisor Savills expects investment volumes in France to total EUR 14 bn by the end of the year, up from EUR 13.3 bn in 2010, bringing the volume back to just below the 10-year average of EUR 14.2 bn. Despite a quiet first quarter, with an anticipated ...
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PropertyEU Archive
European retail investment hit EUR 36b in 2010: CBRE
European retail real estate investment grew to EUR 36.2 bn in 2010, representing a 60% increase year-on-year, and well above the 47% increase for the investment market as a whole, according to the latest research by CB Richard Ellis (CBRE).
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PropertyEU Archive
Sveafastigheter JV buys Finnish properties for EUR 42m
A joint venture between Sveafastigheter Fund III and Mattila & Saxen Property Partners has signed an agreement to buy 16 properties across Finland from Delta Motor Group for EUR 42 mln. The transaction includes properties in Helsinki, Turku, Tampere, Lahti, Jyv盲skyl盲 and Kuopio. The total leasable area amounts to 53,000 ...
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PropertyEU Archive
Fabege invests EUR 45 mln in Arenastaden and Hammarby Sj枚stad
Swedish property group Fabege is to spend a total SEK 400 mln (EUR 45 mln) on two undeveloped properties in Arenastaden and on upgrading its Hammarby Sj枚stad landmark office complex Luma factory.
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PropertyEU Archive
ING fund buys out Warsaw partner for EUR 76m
ING Property Fund Central and Eastern Europe is buying out its 50% partner in Wars-Sawa-Junior, a prime high street retail and office property located in Warsaw, Poland for EUR 76 mln.
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PropertyEU Archive
Latin America, Asia Pacific experience strong office demand
Higher demand for office space in Latin America and the Asia Pacific region is being driven by strong economic growth in the world鈥檚 emerging markets, according to CB Richard Ellis鈥� (CBRE) latest Global Office Market View.
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PropertyEU Archive
Jeffrey Lefleur appointed managing director at WP Carey
Global investment management company WP Carey & Co has appointed Jeffrey Lefleur as managing director. Lefleur, who operates out of offices in both London and New York, will continue to be responsible for sourcing, negotiating and executing sale-leaseback transactions in Europe on behalf of the company鈥檚 CPA series of income-generating, ...
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PropertyEU Archive
Fair Value REIT back in profit
Fair Value REIT-AG reported revenues increased to EUR 14.4 mln in 2010 from EUR 12.2 mln the previous year while consolidated net profit amounted to EUR 2.2 mln - up over EUR 5 mln on the 2009 loss of EUR 2.9 mln.
