All PropertyEU Archive articles 鈥� Page 1780
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PropertyEU Archive
Orco swings to profit of EUR 233m in 2010
Orco Property Group has posted a profit of EUR 233 mln in 2010, returning to positive territory for the first time since 2007.
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PropertyEU Archive
C&W posts $26m profit in 2010
Privately-held commercial real estate services firm Cushman & Wakefield (C&W) swang to a net profit of $25.7 mln in 2010, compared to a loss of $115.8 mln in 2009. The company said it closed 2010 with four consecutive quarters of double-digit revenue growth, driving full-year commission and service fee revenue ...
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PropertyEU Archive
Greece selects advisors for EUR 50b sell-off
Greece has selected international advisers for the first round of an ambitious EUR 50 bn privatisation programme aimed at averting a forced restructuring of its sovereign debt, the Financial Times has reported.
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PropertyEU Archive
Meag sells EUR 500m Capital Square in Singapore
Munich Ergo Asset Management (MEAG) has announced the EUR 500 mln sale of Capital Square in Singapore in the largest office property transaction in Singapore so far this year. The buyer is a local consortium of bidders including Keppel Land's real estate fund management arm, Alpha Investment Partners, and NTUC ...
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PropertyEU Archive
Alstria unveils capital increase
Alstria office REIT has announced plans to issue 10,000,000 new shares as part of a capital-raising exercise to finance future acquisitions. The new issue is expected to boost Alstria鈥檚 nominal share capital from EUR 61,599,999 to up to EUR 71,599,999.
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PropertyEU Archive
ING REIM transfers stake in Australian office fund to Investa
ING Real Estate Investment Management (ING REIM) has entered into contracts to transfer the management of the ING Office Fund (IOF) to Morgan Stanley-owned Investa Property Group (Investa).
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PropertyEU Archive
FdM closes purchase of B&B Hotel portfolio in Germany
French hotel operator Fonci猫re des Murs (FdM) has completed the acquisition of a portfolio of hotel properties in Germany from the B&B H么tels group for EUR 65 mln, including real estate transfer tax.
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PropertyEU Archive
IGD Siiq buys high-street property in Bologna
Italian REIT Immobiliare Grande Distribuzione (IGD SIIQ) has signed a preliminary agreement with Leggenda, part of clothing group Stefanel, to buy a high-street asset on Bologna's main shopping street, Via Rizzoli, for around EUR 25 mln, plus tax and other charges. The deal is expected to close by April 15.
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PropertyEU Archive
Wing starts construction of Budapest mall
Hungarian property developer Wing has announced the start of construction for a new shopping centre in the heart of Budapest's District 12.
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PropertyEU Archive
Strabag to construct TaunusTurm in Frankfurt
Central and Eastern European construction group Strabag has been awarded a EUR 200 mln contract for the turnkey construction of the TaunusTurm at the Taunusanlage park in Frankfurt's financial district. The project, representing a joint venture of US group Tishman Speyer and German fund manager Commerz Real, consists of a ...
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PropertyEU Archive
L&G to step into property lending
Legal & General has become the latest European insurer to step in the property lending business in an attempt to fill the debt gap left by retreating banks. The Financial Times has reported that the UK's fourth largest insurer has appointed Ashley Goldblatt, who has worked in the company's fixed ...
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PropertyEU Archive
Benson Elliot, GCI seal EUR 138m refinancing for Paris' Op茅ra Portfolio
Private equity real estate firm Benson Elliot Capital Management (Benson Elliot) and G茅n茅rale Continentale Investissements (GCI) have clinched a EUR 138 mln debt restructuring of the 36,000 m[sup]2[/sup] Op茅ra Portfolio in the first refinancing of securitised debt to be completed in France since the start of the credit crisis.
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PropertyEU Archive
Goodman to build 2nd facility for Amazon in Germany
Global logistics operator Goodman has signed its second contract in four weeks to develop a 110,000 m[sup]2[/sup] pre-committed logistics centre for online e-commerce provider Amazon. Goodman will develop the new facility in Graben, south of Augsburg in Germany.
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PropertyEU Archive
Income returns drive growth for non-listed funds in Q4
Strong income returns of 1.3% helped the non-listed real estate funds sector deliver improved performance in the final quarter of 2010, with total returns up on the third quarter from 1.6% to 1.9%, according to the latest INREV Quarterly Index.
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PropertyEU Archive
Leading property firms launch major sustainability alliance
A number of leading global real estate companies announced the launch on Friday of a partnership dedicated to assessing and improving the environmental performance of existing buildings. Main partners include AEW Europe, Allianz Real Estate, AXA Real Estate, GE Capital Real Estate Europe, ING Real Estate Investment Management, KanAm Grund ...
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PropertyEU Archive
Nami buys office building from Real I.S.
Nami Investment, the real estate investment group majority-owned by Natixis Assurances and managed by AEW Europe, has acquired an office building in Levallois Perret, near Paris, from German asset manager Real I.S. for an undisclosed amount.
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PropertyEU Archive
Carlyle sells Stockholm's Kadetten office scheme
Global alternative asset manager the Carlyle Group (Carlyle) has sold the Kadetten 29 property in central Stockholm to Swedish real estate company Kjell Ericsson & Partner Fastighetsf枚r盲dling. The companies agreed not to disclose the purchase price.
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PropertyEU Archive
Niam snaps up Heron City mall in Stockholm
Nordic investor Niam has acquired the Heron City shopping centre in Kungens Kurva, Stockholm on behalf of its Niam Nordic Fund IV, which is now fully invested. The asset was sold by UK property investment and development company Heron International.
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PropertyEU Archive
US tops cross-regional European investment
A significant shift in the geographical composition of international capital being invested in European real estate started to emerge in the second half of 2010, according to the latest research issued by CB Richard Ellis (CBRE). Cross-regional flows of capital from outside Europe grew to account for almost half of ...
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PropertyEU Archive
Hungary mulls introduction of REITs
The Hungarian government has announced plans to establish real estate investment trusts (REITs) in the country in an effort to boost investment activity and to attract foreign capital. According to Hungarian press reports, the Hungarian structure will allow REITs to invest in development projects as well as in existing assets.
