All PropertyEU Archive articles – Page 1795

  • PropertyEU Archive

    IABR calls for projects

    2011-02-24T00:00:00Z

    The 5th International Architecture Biennale Rotterdam (IABR) has called for submissions of projects that 'advance innovative responses to today's most pressing urban challenges'. Municipal, metropolitan and national governments, cultural organizations, researchers, designers, and other parties are invited to submit design projects that rethink the existing interaction between politics, planning and ...

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    GPE carries out property swap on Oxford Street

    2011-02-24T00:00:00Z

    Great Portland Estates (GPE) has swapped its freehold interest in 79/89 Oxford Street, London W1 with a private investor in return for a new 250-year leasehold interest at both 79/89 Oxford Street and the adjoining property, 73/77 Oxford Street.

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    Polish retail property continues to outperform: CBRE

    2011-02-24T00:00:00Z

    Continued interest in defensive retail assets and the completion of some prime transactions in Central and Eastern Europe (CEE) resulted in the region's 2010 retail investment turnover reaching EUR 1.8 bn, twice the level registered in 2009, according to research by CB Richard Ellis (CBRE).

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    Vosper joins RREEF as head of client relations EMEA

    2011-02-24T00:00:00Z

    RREEF, the real estate investment management business of Deutsche Bank's Asset Management division, has announced that Paul Vosper has joined the company as head of Client Relations, EMEA. In this role he will lead the European client relations team's fund raising efforts in Europe and the Middle East, developing and ...

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    Bank Austria boosts stake in Ca Immo to 17%

    2011-02-23T00:00:00Z

    UniCredit's Bank Austria unit has increased its stake in listed property company CA Immobilien Anlagen (CA Immo) to 17% following a voluntary partial takeover announced in December.

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    FdR's NAV rises by 7% in 2010

    2011-02-23T00:00:00Z

    French office group Fonciere des Regions (FdR) posted a 1.3% increase in its recurrent net income to EUR 308 mln in 2010, and said it expects a stable result for 2011. Net Asset Value rose by 7.3% to EUR 4.44 bn in 2010, driven by a 5.3% like-for-like growth in ...

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    Mirland seals EUR 31m debt refinancing

    2011-02-23T00:00:00Z

    Mirland has become the latest in a string of Russian developers to sign a debt refinancing agreement in the wake of improving market sentiment. The company has refinanced two loan facilities totalling $43 mln (EUR 31 mln) with GazpromBank and Sberbank, two of Russia's leading banks.

  • PropertyEU Archive

    Large size deals reaches three-year high in Q4

    2011-02-23T00:00:00Z

    European commercial real estate investment activity jumped in the final quarter of 2010 to EUR 38.6 bn, representing a 57% increase compared to the third quarter (Q3) of 2010, fuelled by strong growth in the number of large transactions being completed.

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    Citycon buys 50% of Finland's Espagalleria

    2011-02-23T00:00:00Z

    Finnish retail property manager Citycon said it will buy a 50% share in property management company Espagalleria from Palace Kamp Group. It has also assumed responsibility for the commercial management, including the leasing of retail premises, and marketing of Kamp Galleria, a shopping centre in the heart of Helsinki. The ...

  • PropertyEU Archive

    ECE appoints Schomberg to sustainability advisory board

    2011-02-23T00:00:00Z

    Bärbel Schomberg, CEO and owner of German advisory firm Schomberg & Co. Real Estate Consulting, has been appointed to the sustainability advisory board of Hamburg-based real estate developer ECE.

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    DB to issue Blackstone property bond - report

    2011-02-23T00:00:00Z

    Deutsche Bank will be behind the first true UK property securitisation since the onset of the credit crunch, according to the Financial Times.

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    Deutsche Pfandbriefbank strengthens European real estate finance team

    2011-02-23T00:00:00Z

    European real estate lender pbb Deutsche Pfandbriefbank is strengthening its European real estate finance team led by managing director Harin Thaker with new hires. Philippe Duvergne, a seasoned originator, and Matthew Stansfield, a well-known French Property Analyst, joined pbb in the Paris office in January.

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    PREI and Panattoni form Western European JV

    2011-02-23T00:00:00Z

    Pramerica Real Estate Investors (PREI) has increased its investment into the European logistics warehouse market through the formation of a new Western European partnership with Panattoni Europe, and the expansion of its existing Central and Eastern Europe joint venture with the company.

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    Warburg-Henderson unveils pan-European fund

    2011-02-23T00:00:00Z

    Warburg-Henderson has launched a new pan-European property investment fund backed by an investment mandate from four municipal pension funds. Warburg-Henderson Koop will target EUR 300 mln of investment across Europe.

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    Deka sells Brussels office for EUR 15m

    2011-02-22T00:00:00Z

    German fund manager Deka Immobilien has sold a 7,300-m[sup]2[/sup] office property in the Brussels' suburb of Woluwe for EUR 15 mln. The buyer is Ethias, the third largest insurer in Belgium. The asset was owned by Deka's open-ended real estate fund Westinvest Interselect since 1997 and was sold to ...

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    CDS to develop and sell 6,500-m[sup]2[/sup] asset to Lidl

    2011-02-22T00:00:00Z

    Italian real estate developer and investor CDS has signed an agreement with discount supermarket chain Lidl for the development and subsequent sale of a 6,500-m[sup]2[/sup] retail asset in Vicenza, Northern Italy. The financial details were not disclosed.

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    Aareal reports EUR 6.7 bn new business in 2010

    2011-02-22T00:00:00Z

    German lender Aareal saw new business generated by its structured property financing jump from EUR 3.8 bn to EUR 6.7 bn in the 2010 financial year. The result significantly exceeded the target range of EUR 4-5 bn and was up by 74% on the level of new business in 2009.

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    Morgan Sindall in £500m PPP with Bournemouth City

    2011-02-22T00:00:00Z

    The municipality of Bournemouth has announced the creation of a Local Asset Backed Vehicle with UK construction group Morgan Sindall (MSIL) for the development of a mixed-use scheme in the UK city with an estimated value of between £350 mln (EUR 415 mln) and £500 mln.

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    HGI teams up with Istithmar in EUR 83m King's Cross project

    2011-02-22T00:00:00Z

    Henderson Global Investors has entered into a joint venture with Istithmar P&O Estates (IP&OE) to develop the final phase of Regent Quarter; its mixed-use regeneration scheme located on York Way, adjacent to King's Cross Station, London.

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    Newsec AM receives environmental cert

    2011-02-22T00:00:00Z

    Newsec Asset Management is among the first property managers in Sweden to have received environmental certification in accordance with ISO 14001 for its environmental management system.