All PropertyEU Archive articles 鈥� Page 1809
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PropertyEU Archive
Sacyr leases 21,000 m[sup]2[/sup] in Madrid tower to PwC
Testa, the rental property arm of Spanish group Sacyr Vallehermoso (SyV), has announced the leasing of 17 floors within its office tower at the Cuatro Torres business district of Madrid to PricewaterhouseCoopers. The lease agreement brings the occupancy rate in the building to 100%.
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PropertyEU Archive
Prupim acquires Sainsbury stores for EUR 148m
UK asset manager Prupim announced on Wednesday that it has acquired three Sainsbury supermarkets in the UK for EUR 125 mln (EUR 148 mln). The sale-and-leaseback transaction was carried out on behalf of the M&G Secured Property Income Fund.
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PropertyEU Archive
Kardan to sell 15% of GTC shares
Amsterdam-listed investor Kardan has announced that it intends to sell about 15% of the shares in Global Trade Centre, an office and shopping centre development and investment company operating in southeastern Europe.
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PropertyEU Archive
Global direct investment up 50% to EUR 234b
A strong fourth quarter brought full-year global direct real estate transaction volumes in 2010 to $316 bn (EUR 234 bn), 50% higher than 2009 levels, according to Jones Lang LaSalle. The global property adviser said the increase reflected a significant recovery in investment activity across all three major regions. It ...
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PropertyEU Archive
Jeudan buys 8 assets in Denmark for EUR 62m
Danish property company Jeudan has acquired a portfolio of eight mixed-use properties in Copenhagen for a total price of DKK 459 mln (EUR 62 mln). The seller is local developer M. Goldschmidt Properties (MGH).
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PropertyEU Archive
AEW Europe's Euroffice fund meets target
AEW Europe's Euroffice fund has achieved its investment target of EUR 725 mln following recent acquisitions in Amsterdam and Berlin. This month the fund acquired a 12,500-m[sup]2[/sup] office building in the Dutch capital which is occupied on a nine-year lease by Dutch law firm Van Doorne. The investment volume is ...
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PropertyEU Archive
Corestate appoints new CEO
Swiss private equity investor Corestate has announced the appointment of Phillip Burns as CEO. Burns, who was formerly a financial managing director at Terra Firma Capital Partners will join in mid-February and primarily will be based at Corestate's headquarters in Zug. He will, however, split his time between each of ...
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PropertyEU Archive
Fontaine named senior asset management in Invesco's Paris office
Invesco Real Estate (IRE), the international cross-border property investment manager, has announced the appointment of Patricia Fontaine as a Senior Asset Manager in its Paris office. Fontaine's appointment brings to 12 the number of European asset managers at IRE, with four now covering the French real estate market.
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PropertyEU Archive
BayernLB provides loan to Tesco/British Land jv
German lender BayernLB has provided a new EUR 219 mln loan facility to BLT Properties, a property joint venture between retail giant Tesco and UK REIT British Land. The seven-year facility from the bank's London office will be used to repay BLT's existing bank loan.
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PropertyEU Archive
WP Carey in sale-and-leaseback with Dutch retailer
WP Carey, a global sale-and-leaseback specialist, has acquired six distribution centres from Dutch supermarket group C1000 for EUR 155 mln. The sale-and-leaseback transaction was completed by one of WP Carey's publicly-held non-traded REIT affiliates, CPA: 17 - Global.
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PropertyEU Archive
Colliers promotes Dean to New Europe unit
Colliers International has appointed Hadley Dean as Managing Partner of the companies' New Europe division, expanding his current executive role from six countries in Central and Eastern Europe to 16 offices in 13 countries and a staff of 650.
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PropertyEU Archive
UK property returns 14.5% over 2010, says IPD
UK commercial property delivered a 14.5% total return last year - the strongest return for four years, according to the IPD UK Monthly Index. In 2009, the total return was 2.2%.
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PropertyEU Archive
Reyal Urbis sells Madrid hotel for EUR 23m
Spanish property company Reyal Urbis has announced the sale of its 83% stake in the Tryp Ambassador hotel in the centre of Madrid for around EUR 23 mln, including nearly EUR 19 mln of net equity. The buyer is Caixa Renting, part of financial group La Caixa.
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PropertyEU Archive
Schroders secures new EUR 275m loan for Welput
UK investment manager Schroders said it has secured a new 拢230 mln (EUR 275 mln) five-year debt facility for its West End of London Property Unit Trust (Welput). The facility was jointly provided by lenders Deutsche Bank and Eurohypo.
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PropertyEU Archive
Aggressive bidding pushes up volumes in Q4: CBRE
Just under EUR 36 bn was transacted in the Europe commercial real estate investment market during the fourth quarter (Q4) of 2010, according to the latest data by CB Richard Ellis (CBRE).
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PropertyEU Archive
Rockspring acquires UK projects
European investment manager Rockspring has acquired Centurion House, a speculative redevelopment scheme in the City of London for over 拢22 mln (EUR 26 mln). The purchase is earmarked for Rockspring's UK Value Fund.
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PropertyEU Archive
JLL appoints Agnieszka Sosnowska to Warsaw office
Jones Lang LaSalle has announced the appointment of Agnieszka Sosnowska as Research Analyst to the Research & Consultancy department in the Warsaw office.
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PropertyEU Archive
Alvarez & Marsal appoints London directors
Alvarez & Marsal (A&M), the global independent professional services firm, is expanding its European real estate advisory capabilities in Europe with the appointment of London-based directors, Patrick Anderson and Caspar Vredenbregt. The professional services firm, which is dvising on the global restructuring of Lehman Brothers, said the appointments are a ...
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PropertyEU Archive
Weingarten appointed CEO of Grosvenor FM
Grosvenor has appointed Jeffrey Weingarten as CEO of the privately owned property group's fund management business. He succeeds Stuart Beevor as head of Grosvenor Fund Management (GFM) on 17 March.
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PropertyEU Archive
Salans appoints Dan Larkin to hospitality group
International law firm Salans has announced the appointment of an internationally recognised senior hospitality and real estate finance expert, Dan Larkin, as a partner in its Global Real Estate and Global Corporate Practice Groups. Based in Salans鈥� London office, Larkin will head the firm鈥檚 growing Global Hospitality Sector Group, which ...
