All PropertyEU Archive articles 鈥� Page 1811
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PropertyEU Archive
FPF acquires Paris office portfolio for EUR 160m
Fonci猫re Paris France (FPF) has bought a 47,000 m[sup]2[/sup] office portfolio worth EUR 160 mln in Paris. The portfolio includes Paris Biopark, a 29,300-m[sup]2[/sup] office and laboratory scheme at 13 rue Jean Antoine Ba茂f, in the heart of Paris' Rive Gauche district.
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PropertyEU Archive
JV acquires 2 hotels at Westfield Stratford City
A joint venture between Cycas Hotel Partners and Patron Capital is to acquire the long-term leasehold rights for two hotels at the Westfield Stratford City scheme next to the 2012 Olympic stadium in Greater London.
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PropertyEU Archive
Investment volume up 30% in Czech Republic in 2010
Total investment turnover in the Czech real estate investment market reached EUR 417 mln in H2 2010 and EUR 646 mln in 2010 as a whole, according to the latest report by CB Richard Ellis.
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PropertyEU Archive
Grosvenor fund secures 拢385m refinancing for Liverpool One
UK fund manager Grosvenor has secured a 拢385 mln (EUR 461 mln) refinancing for its 1.6 million sq ft (150,000 m2) Liverpool One mixed-use scheme. The refinancing agreement was signed with the Royal Bank of Scotland (RBS), Eurohypo, Dekabank and Credit Agricole banks.
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PropertyEU Archive
Deka buys Hamburg's Metropolis-Haus for EUR 93m
Germany's Deka Immobilien has acquired the Metropolis-Haus development project in Hamburg for EUR 93 mln, well-informed market sources told PropertyEU. The mixed-use property has been acquired from a development consortium of Hochtief Projektentwicklung, Norddeutsche Grundvermogen and Frank Beteiligungsgesellschaft.
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PropertyEU Archive
Multi's Marcel Kokkeel appointed CEO of Citycon
Marcel Kokkeel is leaving Multi Corporation to become CEO of Nordic shopping centre investor Citycon. Kokkeel served on the executive committee of Multi, the European unlisted mall developer, and was responsible for Multi Mall Management and Western European Development.
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PropertyEU Archive
LaSalle IM gets approval for German KAG vehicle
LaSalle Investment Management has received approval from the German Federal Financial Supervisory Authority (BaFin) for the formation of a capital investment company for specialist investment funds in Germany. Following the granting of the licence, the already existing LaSalle Verm枚gensverwaltungs will henceforth operate as LaSalle Investment Management Kapitalanlagegesellschaft (LaSalle KAG).
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PropertyEU Archive
Corestate buys in Hanover
Corestate Group, a specialist private equity real estate investor based in Zug/Switzerland, has announced the acquisition of Rund Carr茅 in Hanover from HSBC Trinkaus Real Estate for EUR 25.5 mln. The purchase price of the recently developed office and retail asset reflects an initial yield of 7.9%. A German bank ...
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PropertyEU Archive
CBRE Hotels clinches Europe's largest single-asset hotel deal ever
CBRE Hotels has announced the sale of the five-star Grosvenor House Hotel, Mayfair, London for 拢470 mln (EUR 563 mln) to Indian conglomerate Sahara India Pariwar. The 494-bedroom, Park Lane property operated by JW Marriott represents the largest ever single asset hotel transaction by sale price in Europe, CBRE Hotels ...
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PropertyEU Archive
Eurocommercial shops in Spain
Dutch retail investor Eurocommercial Properties has denied it is buying the Sant Cugat shopping centre in Barcelona, but does not rule out making acquisitions in Northern Spain 'should interesting opportunities arise there in the future'.
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PropertyEU Archive
Beni Stabili buys in northern Italy for EUR 115m
Italian office-focused REIT Beni Stabili has announced the acquisition of three office buildings located in Rozzano-Milanofiori, Varese and Milan, northern Italy for a total of EUR 90.5 mln.
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PropertyEU Archive
European retail investment volume up 68% in 2010
Direct investment in retail real estate in Europe during 2010 reached over EUR 20.6 bn, a rise of 68% on 2009 (EUR 12.3 bn), according to Jones Lang LaSalle. 150 transactions were recorded in Q4, boosting total volumes for the three-month period to EUR 6.7 bn, up almost 80% on ...
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PropertyEU Archive
German office markets see 30% rise in lettings: Savills
The five major German office markets - Berlin, D眉sseldorf, Frankfurt, Hamburg and Munich - saw a stunning year-end finish in terms of take-up, according to international real estate advisor Savills, with total figures in each of the markets outperforming the results of 2009. Overall, take-up in the five locations rose ...
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PropertyEU Archive
Heitman fund to plough EUR 300m in CEE real estate
Heitman plans to invest over EUR 300 mln in Central and Eastern Europe this year as the US private equity group seeks to capitalise on the expected real estate market recovery.
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PropertyEU Archive
Schroders adds EUR 50m retail gallery to Italian portfolio
Italian hypermarket operator CoopEstense has completed the sale of the retail gallery within the Mongolfiera shopping centre in Surbo, near Lecce in Southern Italy, to a closed-end fund managed by Schroders. The transaction price amounts to around EUR 49 mln.
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PropertyEU Archive
Iii-investments acquires its first property in Paris
German fund manager iii-investments has acquired its first property in a prominent location in Paris for a new real estate special fund. The sole unit holder of the fund is a German pension fund. No financial details were disclosed.
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PropertyEU Archive
RREEF appoints Simon Durkin as head of research
RREEF, the real estate investment management business of Deutsche Bank鈥檚 Asset Management division, has appointed Simon Durkin as Head of Research, Europe. He will be based in RREEF鈥檚 London office.
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PropertyEU Archive
British Land to redevelop Marble Arch House
British Land has entered into an agreement with The Portman Estate to purchase and redevelop Marble Arch House, W1. On receipt of vacant possession, British Land will pay 拢18 mln (EUR 21.6 mln) for the development site.
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PropertyEU Archive
Aviva Investors gets mandate from Dutch medical pension fund
Aviva Investors has announced that it has received a mandate from the Dutch medical specialists pension fund SPMS to manage its EUR 350 mln global unlisted real estate portfolio.
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PropertyEU Archive
Warburg-Henderson buys P&C store from Bauwert
Bauwert Investment Group has sold the new Peek & Cloppenburg fashion store in Kassel to Warburg - Henderson Kapitalgesellschaft f眉r Immobilien, a Hamburg-based real estate investment company. Financial details were not disclosed.
