All PropertyEU Archive articles 鈥� Page 1794
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PropertyEU Archive
Internos fund buys three retail centres in Germany
Internos Real Investors has made three acquisitions for its retail property fund, German Retail Partnership Fund I (GRP-1 Fund), bringing the total size of the vehicle to about EUR 178 mln.
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PropertyEU Archive
Opportunities move outside core markets: DTZ
Commercial property investment opportunities are moving outside core markets in Europe, according to property adviser DTZ. European property markets now offer relatively less attractive returns to investors than they did in Q3 2010, with the latest European all-property DTZ Fair Value Index Q4 2010 standing at 40, a decline from ...
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PropertyEU Archive
Italian fund industry enters crisis mode
Serious market unrest prompted by proposed new rules for Italy's real estate funds is hampering the sector's profitability and reputation with international investors, market experts have warned. Luigi Pischedda, country manager Italy at IPD, says uncertainty reigns among Italian fund managers after the government failed to clarify the intent and ...
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PropertyEU Archive
OVG tops ranking office developers
OVG, the Rotterdam-based developer led by Coen van Oostrom, heads this year's PropertyEU ranking of leading office developers in Europe thanks to new projects in markets outside its home country including D眉sseldorf, Zaventum, Vienna and Grenoble. The bulk of the projects involve office or mixed-use developments, with the exception of ...
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PropertyEU Archive
Leg&Gen's new fund secures further ERU 136m of equity
Legal & General Property (LGP) announced on Friday that it has secured a further 拢117 mln (EUR 136 mln) of equity for its Income Property Fund from three corporate pension schemes, including a substantial commitment from the Michelin Pension Plan. The further investment brings its total commitments to nearly 拢180 ...
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PropertyEU Archive
Eurohypo's loss widens to EUR 785m in 2010
German real estate lender Eurohypo saw its pre-tax loss rise by over 50% in 2010 to as much as EUR 785 mln, mostly due to 'higher than expected loan loss provisions'. The figure compares to a pre-tax loss of EUR 515 mln in 2009.
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PropertyEU Archive
PropertyEU expands Who's Who 2011 with RICS members
The print edition of PropertyEU Who's Who 2011 is available this week with a larger number of listings of Europe麓s leading investors, developers, advisers and financiers than in the previous year. This year's edition has undergone a number of major changes to make it even more accessible, comprehensive and user-friendly. ...
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PropertyEU Archive
Rockspring buys UK office portfolio for EUR 56m
Rockspring Property Investment Managers has acquired a portfolio of five office buildings from St Martins for a total consideration of nearly 拢48 mln (EUR 56 mln), reflecting a blended net initial yield of 8.81%.
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PropertyEU Archive
Partners Group awarded new investment mandate
Swiss investment manager Partners Group has been awarded a mandate for global real estate investments by the Swiss Investment Foundation Pensimo Management. This new investment programme focuses on value-added and opportunistic investment strategies in the private real estate market on a global basis.
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PropertyEU Archive
AXA RE to fund UK distribution centre development
AXA Real Estate Investment Managers (AXA Real Estate) is to forward fund the development of a distribution centre in Avonmouth, near Bristol, which has been pre-let to The Co-operative Group.
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PropertyEU Archive
Magnat to focus on Black Sea region
Frankfurt-based listed Magnat Real Estate said that it is narrowing its focus to three to four rapidly-growing core markets in Eastern Europe, from the nine currently being served. The company plans to concentrate on the Black Sea region, and in particular on Ukraine, Turkey and Georgia.
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PropertyEU Archive
North-south economic divide widens in Europe: Invista
Europe's economic recovery is gaining momentum but within the EU competitiveness is diverging, with northern Europe generally doing better than the south, according to the latest research report, produced by Invista Real Estate Investment Management. In order to readdress this, Invista says that reforms are urgently needed in some ...
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PropertyEU Archive
Dutch investors should look at Europe: SLI
Other European countries offer better opportunities at present for real estate investment than the Netherlands, according to Standard Life Investments (SLI).
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PropertyEU Archive
Mepham to join King Sturge investment team in Warsaw
Rory Mepham has been appointed by King Sturge as a director of the broker's investment department in Warsaw. Mepham graduated from the University of Reading with a BSc (Hons) in 2000 and then later in 2009 from Cranfield University with an MBA. He was also elected a member of the ...
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PropertyEU Archive
St Modwen submits planning application for 拢1b project
UK regeneration specialist St. Modwen Properties has submitted two planning applications to Newport City Council for its Glan Llyn development, a project to redevelop the former Llanwern steelworks east of Newport, South Wales, into a 拢1 bn (EUR 1.18 bn) sustainable community.
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PropertyEU Archive
SEB AM sells 2 office properties for EUR 125m
SEB Asset Management has sold two office properties in Milan and Brussels from the SEB ImmoInvest portfolio for a total of EUR 125 mln. The investment volumes is higher than the market valuations of the assets.
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PropertyEU Archive
ECE secures financing for EUR 220m Istanbul scheme
German shopping centre specialist ECE has secured financing for its EUR 220 mln project Marmara Park in Istanbul days before the first foundation stone is due to be laid on 1 March. The investor is a closed real estate fund of DWS, which is taking over 50% of the planned ...
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PropertyEU Archive
RBS marks 50% of property loans as 'non-core'
Royal Bank of Scotland (RBS) has designated 52% of its 拢87 bn (EUR 102 bn) commercial real estate lending portfolio as 'non-core' which is earmarked for repayment or sale by 2014. The financier reduced its overall loan book by about 11% last year from 拢98 bn (EUR 115 bn) in ...
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PropertyEU Archive
BlackRock sets up industial jv in UK
Global asset manager BlackRock had established a joint venture with UK REIT Workspace to acquire high income yielding multi-let industrial or office buildings in London and the Southeast. The target lot size range is 拢5-拢20 mln, although larger and smaller deals will be considered. The JV partners will commit up ...
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PropertyEU Archive
Bouwfonds' residential fund shops in Germany, France
Bouwfonds Real Estate Investment Management said that its EUR 315 mln open-ended property fund, European Residential Fund has increased its property portfolio with new acquisitions in Germany and France.
