All PropertyEU Archive articles 鈥� Page 1801
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PropertyEU Archive
Develica breaches covenant on Blue Star loan
German investor Develica Deutschland (DDL) has breached the loan to value covenant on its second largest property portfolio, Bluestar, consisting of three office buildings totalling 80,000 m[sup]2[/sup] in Bonn, Munich and Stuttgart.
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PropertyEU Archive
ULI Paris conference preview: keynote John Bruton
Former EU ambassador to the US John Bruton will stress a sense of urgency in tackling Europe's debt and other problems at the ULI conference taking place in Paris today.
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PropertyEU Archive
Real IS buys office buildings in Hamburg
Real I.S. has acquired two office buildings in Hamburg, Germany's second-largest city, on behalf of a newly launched closed-end fund. The properties are almost fully leased to the City of Hamburg with rental contracts running to 2026 and 2031. The total investment volume of the fund amounted to EUR 65 ...
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PropertyEU Archive
Credit Suisse buys hotel development in Davos
Credit Suisse Real Estate Fund Hospitality (CS REF Hospitality) has signed an agreement to invest CHF 155 mln (EUR 119 mln) in the development of a five-star hotel and residences project in Davos which will be operated by the Inter Continental Hotel chain.
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PropertyEU Archive
ULI Paris conference preview: Dame Judith Mayhew Jonas
Money for urban development may be tight due to the financial crisis and economic recession, but there are ways for cities to secure funding for much-needed improvements, according to Dame Judith Mayhew Jonas, chairman of London-based New West End Company. Mayhew Jonas will moderate a session entitled 'City Development: Where ...
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PropertyEU Archive
C&W expands in The Netherlands
Global real estate consultant Cushman & Wakefield (C&W) has announced the launch of a new office in Rotterdam, the Netherlands, in a move aimed at strengthening the firm's presence in the Netherlands. C&W already has an office in Amsterdam.
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PropertyEU Archive
Occupier deals key to Russian investment market
Local occupiers were responsible for the lion's share of Russia's investment volumes in 2010, and are expected to continue to play a key, but more balanced role in 2011 as they seek to take advantage of a lack of competition for vacant office products, according to Tom Cashel, head of ...
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PropertyEU Archive
NSI in final merger talks with Vastned O/I
Dutch property investor Nieuwe Steen Investments (NSI) announced on Tuesday that it is in the final phase of its negotiations with Vastned Offices/Industrial regarding a potential merger of their businesses.
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PropertyEU Archive
Greek minister woos foreign investors at ULI
The Greek government is introducing tax incentives and fast-track procedures in a bid to attract foreign investors to the debt-laden country, George Nikitiades, deputy minister of tourism, told a press conference at the annual ULI conference in Paris on Tuesday. 'We are trying to change the Greek mentality, we need ...
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PropertyEU Archive
Akkeron buys 10 UK hotels from administrators
Akkeron Hotels has completed the acquisition of 10 UK hotels from Begbies Traynor, the administrators of Butterfly Hotels and Crowne Hotels. The transaction will increase the number of hotels in the group to 36, employing 1,630 people and with a combined annual turnover of 拢57 mln (EUR 70 mln), cementing ...
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PropertyEU Archive
Invista sells Castle residential portfolio for EUR 115m
Invista Real Estate Investment Management has completed the sale of its entire interest in the Castle residential portfolio to Grainger for a gross sales price of 拢97.1 mln (EUR 115 mln), including 拢18.5 mln in cash. The transaction has been effected via the sale by Invista of 100% of the ...
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PropertyEU Archive
Q-parks takes over 14 parking facilities in London
International parking company Q-Park has won the bid to take over 14 car parks in the heart of London. Q-Park has been granted the 25-year lease by Westminster City Council, beating strong competition from across Europe.
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PropertyEU Archive
Global property derivatives volumes lowest since 2005: IPD
Property derivatives trading stripped back to a UK-only activity last quarter as France failed to record any trades in the shallowest three-month period in five years, according to the fourth-quarter IPD Global Property Derivatives Trading Volumes.
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PropertyEU Archive
Germany, Nordics and CEE top investor lists in 2011: CBRE
Turnover in the European real estate investment market totalled EUR 100 bn in 2010, representing a significant increase of 35% compared to 2009. This growth is expected to continue in 2011 at a rate of 10 to 15%, according to research released by CB Richard Ellis.
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PropertyEU Archive
Hochtief sells mall in Friedberg for EUR 22m
Hochtief Projektentwicklung has sold the new specialist retail mall and service centre on the Industrial Development West in the Hessian town of Friedberg to Hansainvest for EUR 22.3 mln. The overall development comprises two construction phases with combined rental space of just under 19,000 m2, most of which is already ...
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PropertyEU Archive
Generali, Predica buy Europe Avenue for EUR 400m
Insurance group Generali and Groupe Credit Agricole's Predica unit have acquired the Europe Avenue office complex at Avenue de l'Europe, Bois- Colombes in Hauts-de-Seine, France for around EUR 400 mln, reflecting a net yield of 6%. The property was bought on a 50/50 basis from Boston-based Beacon Capital Partners.
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PropertyEU Archive
IVG snaps up Milan trophy asset for EUR 45m
German listed property company IVG Immobilien has signed a preliminary agreement to buy a mixed-use building at Via Agnello 18 in the city centre of Milan for a value believed to be around EUR 45 mln, reliable market sources confirmed to PropertyEU.
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PropertyEU Archive
Alberto Gomez to head PM team at Savills Spain
International real estate advisor Savills has appointed Alberto G贸mez as head of its property management department in Madrid. In addition, the team has been further strengthened by the recruitment of consultants Elena del Villar, Elena P茅rez, Pedro de los Mozos and Miguel Rey.
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PropertyEU Archive
CBREI sells Brussels office building to SwissLife
CB Richard Ellis Investors (CBREI) has announced the sale of Renaissance, a 12,560-m[sup]2[/sup] real estate ensemble located at 135 Boulevard Emile Jacqmain Brussels to SwissLife France for an undisclosed amount. The property was bought from CB Richard Ellis Strategic Partners Europe Fund III, a pan-European investment fund managed by CBRE ...
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PropertyEU Archive
Delancey teams up with Oakmayne to buy London regeneration project
Real estate investor and advisory group Delancey has joined forces with local private residential builder Oakmayne Properties to buy Oakmayne Plaza, a cleared freehold site of just over 4,000 m[sup]2[/sup] in the Southwark borough of London, as part of a consensual deal with RBS.
