All PropertyEU Archive articles 鈥� Page 1781
-
PropertyEU Archive
RBS takes quasi-equity stake in IPIT
Invesco Property Income Trust (IPIT) has reached an agreement in principle with lender Royal Bank of Scotland to restructure its 拢217 mln debt burden.
-
PropertyEU Archive
HRE Group reports pre-tax profit in 4Q 2010
Germany鈥檚 HRE Group - which includes its core bank Deutsche Pfandbriefbank - posted a pre-tax profit of EUR268 mln during the fourth quarter of 2010, significantly reducing its loss for the full year, the company announced in a statement on Thursday.
-
PropertyEU Archive
IVG posts strong 2010 results after turnaround
IVG Immobilien posted a profit of over EUR 23 mln in 2010, returning to positive territory after two years of losses. Germany's largest property company by market capitalisation said that the result confirms 'not only a stabilisation of real estate markets but also the success of the operative and financial ...
-
PropertyEU Archive
Aguirre Newman appointed to sell 428 Santander bank branches
Drago Real Estate Partners has picked Aguirre Newman for the sale of a portfolio of Santander bank branches across Spain. The fund, which is managed by Spanish private equity firm Drago Capital, is putting 428 bank branches on the market over three years after acquiring the assets as part of ...
-
PropertyEU Archive
Perella buys Spanish loan portfolio at 45% discount
UK state-controlled lender Royal Bank of Scotland (RBS) has sold a portfolio of Spanish mortgage loans with a face value of EUR 290 mln to US private equity firm Perella Weinberg, PropertyEU has learned. The loan portfolio was sold for EUR 160 mln in cash, or a discount to face ...
-
PropertyEU Archive
First Atlantic snaps up Milan's Rinascente for EUR 472m
Italian fund manager Prelios Sgr has announced the sale of the historic Rinascente building located in Milan's Piazza Duomo for EUR 472 mln, representing a gross yield of 4.7%. The landmark department store was sold to the Ippocrate investment fund, which is majority-owned by the privatised pension fund for Italian ...
-
PropertyEU Archive
Conwert to sell EUR 700m commercial portfolio
Vienna-listed residential property firm Conwert Immobilien Invest unveilled plans this week to sell its commercial real estate portfolio which was acquired last year through the takeover of peer Eco Business-Immobilien.
-
PropertyEU Archive
Plaza Centers back into the black
Central and Eastern European retail specialist Plaza Centers swung into the black in 2010 with a profit of EUR 10 mln after a loss of EUR 65 mln in 2009. The positive result was mostly due to an increase in income derived from the operation of recently-opened assets and investments ...
-
PropertyEU Archive
Shard owners bag London's Park House
Barwa Real Estate has sold its interest in the Park House office scheme on London's Oxford Street to the Qatari owners of London's Shard tower less than a year after buying the building for 拢250 mln (EUR 286 mln).
-
PropertyEU Archive
UK to lift barriers on REIT regime
Proposals announced by Chancellor George Osborne to simplify the UK's Real Estate Investment Trust (REIT) regime go beyond 'the most optimistic' prospects that the industry could have predicted, according to the British Property Federation (BPF).
-
PropertyEU Archive
JLL names new head of Tenant Representation in Romania
Jones Lang LaSalle (JLL) said that it has appointed Lori Collin to the position of head of Tenant Representation in Romania. Collin joined JLL in January 2008 as senior consultant of the local staff, with responsibility for important corporate accounts such as Microsoft, MasterCard, Cisco, Merck Sharp & Dohme, Intel, ...
-
PropertyEU Archive
Sch枚ningh takes reins at Homburg Invest
Richard Homburg, founder and controlling shareholder of Homburg Invest, has announced his intention to step down from his roles as chairman of the Board, Chief Executive Officer and director of Homburg Invest 'in order to focus on developing a privately-owned global real estate venture'.
-
PropertyEU Archive
Demand for Central London office space grows in Q1
Total occupier demand for London office space increased by 6% in the first quarter of the year, reversing the trend in 2010, accordingly to preliminary figures issued by real estate advisory firm Jones Lang LaSalle.
-
PropertyEU Archive
Almacantar buys London's Centre Point for 拢120m
Almacantar has exchanged contracts to buy the Centre Point tower in London's West End for around 拢120 mln (EUR 138 mln), well-informed market sources have told PropertyEU.
-
PropertyEU Archive
Hammerson invests 拢277m in UK retail assets
UK REIT Hammerson has acquired a portfolio of six retail assets from St. Martins Property Investments for 拢208 mln (EUR 240 mln). Hammerson's initial commitment, including transaction costs, is 拢221 mln.
-
PropertyEU Archive
Episo links up with Addington to buy 3 UK malls out of administration
European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has partnered with Addington Capital to complete the purchase of the Sapphire Retail Portfolio in the UK for 拢145 mln (EUR 167 mln), representing a net initial yield of 7.75%.
-
PropertyEU Archive
Area buys 30% of X-Leisure fund
New York-based asset manager Area Property Partners has bought 30% of the X- Leisure fund from Britain's largest pension fund, BT Pension Scheme and Hermes Real Estate for a price said to be around 拢65 mln (EUR 75 mln). X-Leisure was created by Capital & Regional and Hermes RE in ...
-
PropertyEU Archive
Barclays sells $586m loan portfolio
UK bank Barclays has agreed to sell a portfolio of real estate loans to property investment trust CreXus for $586 mln (EUR 414 mln), as part of the bank's plans to divest non-core property assets. The acquisition is expected to close during mid-April 2011.
-
PropertyEU Archive
Etalon goes public to fund acquisitions
Russian real estate developer Etalon Group has announced plans to launch an Initial Public Offering on the Main Market of the London stock exchange in an effort to fund new acquisitions and to finance existing projects.
-
PropertyEU Archive
C&W adds three new partners to retail team
Cushman & Wakefield has recruited three new partners for its Southern UK retail agency team. Tony Edwards, Simon Wild and Chris Parfitt have joined C&W's UK offices to help consolidate the broker's position in the retail sector.
