All PropertyEU Archive articles 鈥� Page 1785
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PropertyEU Archive
Westimmo may divest non-performing loans into bad bank - report
Germany's Westdeutschen Immobilienbank (WestImmo) is considering divesting its poorly performing or non-performing real estate loans into a workout unit or bad bank of parent WestLB, in a bid to make the real estate lending business more attractive to sell, according to a news report in the Financial Times Deutschland.
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PropertyEU Archive
Panattoni to build Czech BTS facility
Industrial space developer Panattoni Europe has announced the signing of a development contract for a build-to-suit project at Panattoni Park Prague-Airport, near the Czech capital.
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PropertyEU Archive
Marriott to build six hotels in major Russian cities
Worldwide hotel operator and franchisor Marriott is planning to open six further hotels in major Russian cities after the opening in June 2010 of its Marriott Courtyard Pushkin hotel in St. Petersburg and a second hotel in Kazan.
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PropertyEU Archive
Lloyd Fonds buys office building in Utrecht
Hamburg-based Lloyd Fonds and its Dutch partner Innova Investments have announced the signing of an agreement to purchase a seven-storey office building in Utrecht, the Netherlands, from VolkerWessels for EUR 25 mln, representing a yield of just over 6%. The building is earmarked for a new Holland fund which will ...
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PropertyEU Archive
Martinsa-Fadesa clinches debt extension
Spanish property developer Martinsa Fadesa, which filed for credit protection three years ago, said that it has reached a deal to refinance its debt burden after receiving backing from 73% of its creditors.
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PropertyEU Archive
Deutsche Pfandbrief funds Pradera's Polish purchases
Germany's pbb Deutsche Pfandbriefbank has provided EUR 24 mln worth of financing for the acquisition by the Pradera Open-Ended Retail Fund of two shopping centres in Lodz and Torun, Poland.
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PropertyEU Archive
ECE mall opens its doors in Oldenburg
German shopping centre specialist ECE Projektmanagement has announced the opening of its EUR 115 mln shopping centre in Oldenburg, Germany, representing a joint venture with the British American Tabacco pension fund.
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PropertyEU Archive
Allianz Real Estate to spend EUR 1b on loans in Germany
Allianz Real Estate plans to spend EUR 1 bn on property loans in Germany in 2011 in what would be the insurers鈥檚 first foray into property lending in Europe, the company鈥檚 CEO for Germany Stefan Brendgen told PropertyEU at MIPIM. 'We aim to spend approximately EUR 400 mln in ...
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PropertyEU Archive
Dic Asset buys retail properties for EUR 108m
Germany's Dic Asset has acquired two retail properties in Bremen and Chemnitz in Central and Northern Germany from a joint venture of Area Property Partners and Rida Development Corporation for around EUR 108 mln.
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PropertyEU Archive
Panattoni adds 11,500 m[sup]2[/sup] to Park Wroc鲁aw II
Industrial space developer Panattoni Europe has announced plans to extend its Panattoni Park Wroclaw II logistics park in Poland with the addition of 11,500 m[sup]2[/sup] of new distribution space.
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PropertyEU Archive
Bank Austria in EUR 280m Vienna HQ project
Unicredit's Bank Austria has announced that it will invest between EUR 150 and 280 mln in the creation of a new headquarters, UniCredit Bank Austria Town, offering 150,000 m[sup]2[/sup] of space in the heart of the city's Praterstern business district.
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PropertyEU Archive
P3 appoints new CFO
PointPark Properties (P3) has announced the appointment of George Aase as its new Chief Financial Officer. He replaces James Riddell, who retired at the end of 2010. In his new position, Aase will have overall responsibility for the company's strategic and financial planning functions.
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PropertyEU Archive
Deutsche Bank sells Frankfurt HQ for EUR 600m
Germany's Deutsche Bank said on Monday that it is to sell its 'Doppelturme' (Twin Towers) in Frankfurt am Main to a closed-end real estate fund to be launched by DWS. The transaction price is expected to amount to around EUR 600 mln, in line with the property's current market value.
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PropertyEU Archive
Corealcredit repays SoFFin guarantees ahead of schedule
Commercial real estate lender Corealcredit Bank said on Monday that it has repaid all its bonds guaranteed by the German Financial Market Stabilisation Fund (SoFFin) ahead of schedule. The remaining guarantee funding provided by SoFFin was also returned in full, the bank added, making it the first German bank to ...
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PropertyEU Archive
Cordea Savills appoints new head of fund finance
Fund manager Cordea Savills has appointed Alexandra McGhee as Head of Fund Finance, UK, with overall responsibility for the financial control and reporting on funds administered from London, Stockholm and Luxembourg. She will report to Chief Financial Officer Richard James.
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PropertyEU Archive
LaSalle pairs up with BGC in derivatives platform
LaSalle Investment Management (LaSalle) has partnered with BGC Partners (BGC), a global intermediary to the wholesale financial markets, to establish a property derivatives capability for clients.
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PropertyEU Archive
Topland buys Brighton hotel from RBS
The Royal Bank of Scotland (RBS) has announced the sale of the Brighton Hilton hotel to UK investor Topland for over 拢39 mln (EUR 45 mln) in cash.
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PropertyEU Archive
Cordea Savills names head of Institutional Business
International property fund manager Cordea Savills has appointed Nick Hayward as director of Institutional Business, a role he first held from 2005 to 2008.
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PropertyEU Archive
Valad Europe's management buyout falls through
Sydney-listed real estate group Valad Property Group announced on Monday that the proposed sale of its European business has fallen through. The deal was said to be worth EUR 30 mln.
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PropertyEU Archive
LaSalle sees high demand for development funding
LaSalle Investment Management (LaSalle) is seeing increased demand for development financing with banks still reluctant to commit fully to the property sector following the financial crisis. The global real estate investment manager has moved to close the gap in development financing with a series of deals worth almost 拢100 mln ...
