All PropertyEU Archive articles 鈥� Page 1807
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PropertyEU Archive
Greece pins debt hopes on property sales - report
Greece is considering repaying its national debt by selling state-owned properties with an estimated value of as much as EUR 300 bn, according to a news report by Bloomberg. The European Union and International Monetary Fund, as well as German politicians who oppose bailing out Greece and local lawmakers, have ...
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PropertyEU Archive
Institutional investors to shun open-ended funds: Deka
German fund manager Deka Immobilien expects that open-ended real estate investment funds will be invested almost exclusively by private investors in the future. In a statement on Tuesday, Deka said institutional investors are likely to shun open-ended funds and start focusing on funds tailored for their investment needs.
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PropertyEU Archive
Deka Immobilien, Union sell in Germany
German fund manager Deka Immobilien has sold the Carrea office property in the Munich area of Parkstadt Schwabing for around EUR 30 mln. The buyer is Competo Bestandsfonds Plus, a fund managed by Munich-based Competo Capital Partners.
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PropertyEU Archive
Union's Investment index reaches four-year high
The economic recovery has significantly improved the climate for real estate investment in the three major European economies of Germany, France and the UK, with optimism at the start of 2011 higher than at any time since 2006, according to Union Investment's Investment Climate Index.
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PropertyEU Archive
Germany ousts UK as preferred investment location: INREV
Germany has overtaken the UK as the preferred location for investment in non-listed real estate funds, according to INREV鈥檚 2011 Investment Intentions Survey.
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PropertyEU Archive
SPS invests in large-scale project in Zurich
Swiss Prime Site (SPS) is acquiring the SkyKey commercial real estate project in Zurich-North, Switzerland from local developer Karl Steiner. The 63-metre-high building is being constructed according to the LEED standard and will be ready for occupancy in the summer of 2014. The sole tenant is Zurich Insurance Company.
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PropertyEU Archive
Moscow books strongest rental growth in 2010: King Sturge
Prime office rents in Moscow increased by more than 40% in 2010, marking the strongest rental growth increase in Europe, according to King Sturge鈥檚 latest quarterly European Property Indicators. Prime high street and warehouse rents rose at a slower pace, by 11% and 9% respectively.
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PropertyEU Archive
Sol Melia in EUR 49m hotel sale-and-leaseback
Spanish hotel chain Sol Meli谩 has announced the sale-and-leaseback of the Lebreros hotel in Seville, southern Spain. The 437-room property was sold to BBVA Renting for over EUR 49 mln. The hotel operator has also agreed to lease back the asset for a period of 12 years.
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PropertyEU Archive
PIK sells Park-City stake for EUR 56m
London-listed PIK, one of Russia's largest residential real estate developers, has sold its 32.5% share in the Park-City project in Moscow for about EUR 56 mln.
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PropertyEU Archive
Unibail-Rodamco buys Paris hotel from Starman
UK hotel investor Starman has sold its long leasehold interest and ownership of Le Meridien Montparnasse hotel in Paris to Franco-Dutch property group Unibail-Rodamco, the existing freeholder of the property. The financial details were not disclosed.
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PropertyEU Archive
Tishman and Commerz to develop in Frankfurt
US developer and investor Tishman Speyer is joining forces with German fund manager Commerz Real to develop another major office property in Frankfurt, Germany.
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PropertyEU Archive
Doughty Hanson jv to develop in London
Doughty Hanson & Co Real Estate and UK property developer and investor Terrace Hill have announced that they will begin construction on their joint office and residential scheme, One Howick Place in London, next month.
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PropertyEU Archive
EPRA vows to 'liberate' German property market
The European Public Real Estate Association (EPRA) has vowed to continue its campaign to grow the undersized listed real estate sector in Germany.
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PropertyEU Archive
NEIF makes first investment in Paris
Next Estate Income Fund (NEIF) has acquired an office project in the new district of Claude Bernard in the 19th arrondissement of Paris for around EUR 93 mln.
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PropertyEU Archive
Pension funds urged to invest more in listed property
Pension funds should invest more in listed real estate, according to JP Morgan property stocks analyst Harm Meijer. It is a 'myth' that direct property investment is always less risky, he added.
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PropertyEU Archive
Harbert Management sells Nanterre scheme
US investor Harbert Management has sold the Cl茅menceau 2 office building at 215 Av George Cl茅menceau in Nanterre, France to UK financial giant HSBC. The multi-let building was divested for EUR 17.4 mln, excluding taxes.
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PropertyEU Archive
Pace seeks partner for London project
Private property company Pace Investments has appointed Gresham Down and Savills to find a funding partner for its 21,400 m[sup]2[/sup] office development at Sugar Quay in the City of London.
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PropertyEU Archive
Investment volumes to reach EUR 123bn in 2011: DTZ
Investment in commercial real estate across Europe reached EUR 95.9 bn in 2010, representing a 53% increase on the EUR 62 bn booked in 2009, according to DTZ Research in its latest Investment Market Update report.
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PropertyEU Archive
Irish banks set to offload more assets in 2011: Savills
Supply is expected to increase in the Irish investment market in 2011 as banks, receivers and bad bank NAMA seek to initiate the disposal of assets, according to research by international real estate advisor Savills. The year has opened with a pipeline of deals still to close from 2010 and ...
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PropertyEU Archive
Max Property snaps up 29 London pubs for 拢43m
Jersey-based real estate investor Max Property Group has announced the acquisition of a portfolio of 29 pubs in and around central London for nearly 拢43 mln (EUR 51 mln). The properties were acquired in a sale-and-leaseback deal with pub operator Enterprise Inns which has agreed to take a 35-year lease ...
