All PropertyEU Archive articles – Page 1784

  • PropertyEU Archive

    Savills adds retail team director to Paris office

    2011-03-17T00:00:00Z

    International real estate adviser Savills has appointed Karim Olivier Lacheheb as director of its retail team in France.

  • PropertyEU Archive

    Dutch pension fund retains Grontmij for advisory role

    2011-03-17T00:00:00Z

    Dutch private pension fund, Stichting Pensioenfonds voor de Media PNO, and its asset manager, Media Pensioen Diensten (MPD) have extended an agreement with Grontmij Capital Consultants (GCC) to advise on the strategy, implementation and monitoring of the pension fund's real estate portfolio.

  • PropertyEU Archive

    AEW, Tristan form Czech logistics alliance with VGP

    2011-03-17T00:00:00Z

    European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has entered into a 80:20 joint venture with VGP for a logistics portfolio focused around Prague in the Czech Republic. The venture is valued at approximately EUR 300 mln. VGP was the developer and ...

  • PropertyEU Archive

    Citycon buys Kristiine mall in Tallinn

    2011-03-17T00:00:00Z

    Helsinki-listed retail specialist Citycon has acquired the Kristiine Shopping Centre in Tallinn, Estonia from Pro Kapital for some EUR 105 mln. With a gross leasable area of 42,600 m2, Kristiine is Tallinn's second-largest shopping centre after Rocca al Mare, which is also owned by Citycon. Pro Kapital is one of ...

  • PropertyEU Archive

    Goodman-led consortium buys ING Industrial Fund

    2011-03-17T00:00:00Z

    ING Real Estate Investment Management (ING REIM) has announced that a majority of unit holders has approved the proposal by Goodman Industrial Funds Management to acquire all of the units in ING's Industrial Fund (IIF) via a trust scheme.

  • PropertyEU Archive

    Deka fund buys building in Warsaw for EUR 103m

    2011-03-16T00:00:00Z

    Germany's Deka Immobilien has acquired the fully-let North Gate office building in Warsaw, Poland for EUR 103 mln. The building was sold by two companies in the Austrian Volksbank Group, which developed North Gate via its project development company Premiumred.

  • PropertyEU Archive

    Carlyle may raise EUR 2b for 4th European fund - report

    2011-03-16T00:00:00Z

    Private equity giant Carlyle is seeking to launch a fourth European real estate fund next year, with the goal of raising EUR 1.5-2 bn of equity, according to a news report by Reuters.

  • PropertyEU Archive

    Castellum completes EUR 32m of new investments

    2011-03-16T00:00:00Z

    Castellum has announced that its fully-owned subsidiary Fastighets AB Briggen has started the construction of a new office building offering 6,000 m[sup]2[/sup] of space in the Västra Hamnen area of Malmö, Sweden. The company plans to invest around SEK 149 mln (EUR 17 mln) in the redevelopment of a former ...

  • PropertyEU Archive

    Real4You Group in Romanian development spree

    2011-03-16T00:00:00Z

    Austrian developer Real4You Group is embarking on a major development spree in Romania, in an attempt to expand its reach on Central and Eastern Europe. The company, which was founded in 1995 by Christian Rimpf and Klaus Riederer, will build several shopping centres in Budapest and in cities such as ...

  • PropertyEU Archive

    Income returns drive growth non-listed funds in Q4

    2011-03-16T00:00:00Z

    Strong income returns of 1.3% helped the non-listed real estate funds sector deliver an improved performance in the final quarter of 2010 with total returns up on Q3 to 1.9% from 1.6%, according to the latest INREV Quarterly Index.

  • PropertyEU Archive

    Allianz RE Germany names head of asset management

    2011-03-16T00:00:00Z

    Allianz Real Estate Germany has appointed Mathias Gross to the position of head of Asset Management with effect from 1 April 2011. Gross (45) will report directly to the German CEO, Stefan Brendgen and COO Alexander Gebauer.

  • PropertyEU Archive

    Redevco appoints new managing director Central Europe

    2011-03-16T00:00:00Z

    Dutch privately-held retail property company Redevco said on Wednesday that it has appointed Adam Starr to the position of managing director of its Central European business, effective from 1 June 2011. Starr will succeed Jörg Bitzer, who has covered the role for the past six years. He will continue to ...

  • PropertyEU Archive

    Johnson&Johnson buys Brussels office building

    2011-03-16T00:00:00Z

    Healthcare products and pharmaceuticals manufacturer Johnson and Johnson Medical has acquired an office complex located near the Airport of Brussels from Ag Real Estate, previously known as Fortis Real Estate. The companies agreed not to disclose the transaction price.

  • PropertyEU Archive

    Invesco RE seals first deal for new hotel fund

    2011-03-16T00:00:00Z

    Global real estate investment manager Invesco Real Estate (IRE) has concluded the first acquisition for its second pan-European hotel fund with the sale and leaseback of a portfolio of five hotels in Munich, Hamburg, Frankfurt, Vienna and Salzburg. The total acquisition price amounts to EUR 170 mln. The portfolio is ...

  • PropertyEU Archive

    UFG REM re-opens Epargne Foncière fund

    2011-03-16T00:00:00Z

    Investment manager UFG Real Estate Managers has announced the re-opening of its SCPI investment vehicle, Epargne Fonciere, which has remained closed in the past 20 years.

  • PropertyEU Archive

    CEE investment activity hits EUR 1.2b so far this year

    2011-03-15T00:00:00Z

    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 on Tuesday by CB Richard Ellis (CBRE). This figure includes the acquisition of Oesterreichische Volksbanken's Europolis real estate unit by CA Immobilien Anlagen, one ...

  • PropertyEU Archive

    GI Partners buys EUR 214m of European mortgages

    2011-03-15T00:00:00Z

    Private equity firm GI Partners has partnered with Dutch investment and advisory firm Principal Company to acquire a portfolio of non-conforming residential mortgages which are collateralised by assets in the Netherlands and have a face value of EUR 214 mln.

  • PropertyEU Archive

    Altarea Cogedim to launch EUR 500m office fund

    2011-03-15T00:00:00Z

    France's Altarea Cogedim has announced the first closing of an office-focused property investment vehicle which raised EUR 350 mln of equity from top-tier French and international institutional partners.

  • PropertyEU Archive

    Aberdeen AM aims to recycle Degi Europa assets

    2011-03-15T00:00:00Z

    Aberdeen Asset Management is looking at ways to recycle assets from its Degi Europa fund to create portfolios attractive to institutional investors, the group's head of property Andrew Smith told PropertyEU at MIPIM in Cannes.

  • PropertyEU Archive

    Invesco RE sells Apsley Mills retail park

    2011-03-15T00:00:00Z

    Investment manager Invesco Real Estate (IRE) has sold the Apsley Mills retail park in Hemel Hempstead, Hertfordshire, to the Crown Estate for £35 mln (EUR 40 mln).