All PropertyEU Archive articles 鈥� Page 1783
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PropertyEU Archive
Limited fallout from Japan crisis on German funds
Union Investment's move to temporarily suspend redemption of units for its open-ended real estate fund UniImmo has not so far had any followers from other German real estate funds with assets in Japan. The Hamburg-based open-ended fund manager announced the move late last week, citing the nuclear crisis in Japan.
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PropertyEU Archive
IPD sets up cross-border property funds index
Investment Property Databank (IPD) has launched its first 'investable' pan-European property index to track the quarterly performance of 18 cross-border European property funds open to investors. The IPD Pan-European Property Fund Indices, published on Monday with a seven-year quarterly history, consists of a small cohort of funds with an aggregate ...
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PropertyEU Archive
CS Euroreal sells in Milan
Credit Suisse Asset Management has announced that its open-ended CS Euroreal fund has divested an office building located at Via Pergolesi 25 in central Milan, Northern Italy, to Italian REIT Beni Stabili. The property, which was worth EUR 22 mln according to the latest appraisal, was disposed for EUR 25 ...
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PropertyEU Archive
LGP to forward fund Westgate leisure development
Legal & General Property (LGP) has agreed to acquire the Westgate leisure development project in Aldershot, south-west of London, and to provide development funding of 拢51 mln (EUR 58 mln) to the scheme in partnership with Citygrove Securities and Rushmoor Borough Council.
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PropertyEU Archive
Aberdeen AM presses ahead with 3rd Asian FoF
Despite the ongoing catastrophe in Japan, Aberdeen Asset Management is pressing ahead with its plans to launch a third Asian fund of funds this year, according to Alessandro Bronda, head of global property at Aberdeen Asset Management.
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PropertyEU Archive
Private equity duo to sell EUR 660m property firm
Swedish private equity firms Altor Equity Partners and Bure Equity have announced plans to start the sales process of their real estate company Norrvidden, which owns assets worth at SEK 6.4 bn (EUR 660 mln) in the country.
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PropertyEU Archive
AFI Development opens largest mall in Moscow
AFI Development has announced the opening of the Mall of Russia, its flagship retail project in Moscow. The scheme has more than 200 stores fully operating including Marks & Spencer, Eldorado, L'etoile, Douglas Rivoli, U.S. Polo, Esprit, Swarovski, Dream Store, Nokia, InCity, Fabi, Baldinini, Mango, and Zara.
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PropertyEU Archive
First Atlantic to close Rinascente deal by end-March
Italian fund manager First Atlantic Real Estate is expected to close the acquisition this month of the historic Rinascente building located in Milan's Piazza Duomo for some EUR 460 mln, representing a yield of 5%, well-informed market sources have told PropertyEU.
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PropertyEU Archive
Caja Madrid sells and leases back Spanish portfolio
Bankia, the Spanish savings banks conglomerate that was formed in December 2010, has completed the sale and leaseback of a portfolio of eight Caja Madrid office properties to a partnership of Drago Capital and Grupo Atitlan. The transaction price amounts to around EUR 22 mln.
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PropertyEU Archive
Delancey buys industrial estate in the UK
UK property investment advisor Delancey has acquired the freehold interest in the West Hallam Industrial Estate, Derbyshire, UK for nearly 拢19 mln (EUR 22 mln) deal from Douglas Bay Capital. The purchase price reflects a net initial yield of 8.6%.
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PropertyEU Archive
Commerzbank to sell Silberturm in Frankfurt - report
German financial group Commerzbank is planning to sell the flagship Dresdner Tower in Frankfurt which previously housed the head office of its Dresdner banking arm, the Financial Times Deutschland has reported. The property is said to be valued at around EUR 400 mln.
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PropertyEU Archive
Union suspends UniImmo Global due to Japan nuclear crisis
Hamburg-based Union Investment Real Estate has temporarily suspended redemption of units for its open-ended real estate fund UniImmo, citing the nuclear tragedy in Japan.
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PropertyEU Archive
C&W to lease Eurocentrum project in Warsaw
Global commercial real estate advisory firm Cushman & Wakefield (C&W) has been appointed to market the space of the Eurocentrum office development project, located on Jerozolimskie Avenue in Warsaw.
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PropertyEU Archive
Metrovacesa postpones debt payments
Spanish property group Metrovacesa has reached an agreement with 90% of its lenders to postpone debt repayments on its EUR 5.7 bn of debt.
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PropertyEU Archive
Savills doubles profits in 2010
Real estate adviser Savills increased its pre-tax profits by 173% to 拢37 mln last year but warned that the future of its Asia Pacific operations remains uncertain.
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PropertyEU Archive
Invista REIM agrees 拢3m termination fee with Lloyds
Lloyds Banking Group will pay Invista Real Estate Investment Management (Invista REIM) a total of 拢3.1 mln for early termination of its fund management activities on behalf of the group, HBOS. The HBOS Funds will be transferred to Lloyds on 6 May 2011, with Lloyds paying Invista 拢2.6 mln on ...
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PropertyEU Archive
Rayet sells stake in Eiffage for EUR 51m
Spanish property company Rayet has sold a 1.39% stake in French construction group Eiffage for EUR 41 per share, reducing its interest in the company to as little as 0.2%. The company divested 1.25 million Eiffage shares raising a total of over EUR 51 mln.
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PropertyEU Archive
Real IS launches EUR 600m BGV fund
Munich-based fund manager Real I.S. has announced that it is launching its fifth fund for institutional investors, which is expected to have a spending power of up to EUR 600 mln.
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PropertyEU Archive
Duet in 拢75m second close for European debt fund
Duet Private Equity has announced a second close of 拢75 mln (EUR 86 mln) for its European Real Estate Debt Fund. The additional investments have come through a 拢50 mln listing of Duet Real Estate Finance, a company that will be listed on the London Stock Exchange, and 拢25 mln ...
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PropertyEU Archive
First Property acquires Panorama mall in Krasnystaw
UK asset manager First Property has acquired the Panorama shopping centre in Krasnystaw, Eastern Poland from Israeli developer Ardom for an undisclosed amount.
