All PropertyEU Archive articles 鈥� Page 1812
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PropertyEU Archive
Union Investment buys Chinon Center from MIB
Union Investment has acquired the Chinon Center in Hofheim near Frankfurt for its UniImmo: Europa open-ended real estate fund from developer MIB, the Hannover-based open-ended fund manager confirmed. The building, which opened at end-October last year, has a total surface area of some 13,300 m2, as well as 455 parking ...
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PropertyEU Archive
IVG obtains LEED certification for office projects
IVG Immobilien AG has obtained LEED Silver, Gold, and Platinum awards from the US Green Building Council for three of the company's most recently completed project developments in Germany. The Bonn-based company has also obtained a LEED-Certificate for its Infopark E in Budapest, the first ever LEED certificate granted for ...
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PropertyEU Archive
Icade sells 15,000-m[sup]2[/sup] project to City of Paris' agency
French developer and investor Icade has announced the sale of a 15,000-m[sup]2[/sup] office project as part of the vast McDonald urban redevelopment programme near Paris.
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PropertyEU Archive
Helaba and Berlin Hyp finalise EUR 168m facility for Oxford Properties in London
German financiers Helaba Landesbank Hessen-Th眉ringen and Berlin Hyp, together with Oxford Properties Group, have successfully co-arranged a medium-term debt financing facility for Watermark Place in the City of London, amounting to an initial GBP 140 mln (EUR 168.4 mln).
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PropertyEU Archive
Russia and Poland drive surge in CEE investment volume in 2010
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 5 bn in 2010, a 90% increase on the total turnover in 2009 as a whole (EUR 2.6 bn), according to the latest data by CB Richard Ellis (CBRE).
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PropertyEU Archive
ING REIM obtains ISAE 3402 certification for Dutch arm
Ernst & Young has confirmed that ING Real Estate Investment Management Netherlands is certified for a type I report that is compliant with the new International Standard on Assurance Engagements No. 3402 (ISAE 3402). The fund manager is one of the first real estate investment managers to receive the new ...
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PropertyEU Archive
INPS to sell 75 assets in Italy
Italy's social security agency INPS (Istituto Nazionale Previdenza Sociale) has unveiled plans to sell 75 office properties across the country starting from this year. According to President Antonio Mastrapasqua, the state-owned institute is preparing for the 'largest real estate disposal ever realised by a public administration in Italy'.
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PropertyEU Archive
Allianz Real Estate buys Brahms Quartier in Hamburg
Allianz Real Estate Germany has started the year with the purchase of the Brahms Quartier office complex in Hamburg. The sellers are a subsidiary of The Carlyle Group and Aug. Prien Real Estate. The financial details were not disclosed.
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PropertyEU Archive
Benson Elliot and Stanhope team up with Sackville in redevelopment
Benson Elliot Capital Management, the London-based private equity real estate firm, and UK developer Stanhope have acquired a majority interest in the company established by Sackville Properties for the landmark Station Hill redevelopment in Reading.
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PropertyEU Archive
Deka buys Le Patio in Paris
Deka Immobilien has acquired Le Patio office building in Marseilles for around EUR 26 mln. The property is almost fully let and has a total lettable area of around 8,900 m[sup]2[/sup].
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PropertyEU Archive
Ciloger eyes more deals in Germany
French fund management group Ciloger is closing in on another retail property acquisition in Germany following the purchase at end-December of a portfolio of 10 shopping centres for EUR 218 mln. In an interview with PropertyEU, CEO Laurent Flechet said the operation is expected to be completed by February 2011.
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PropertyEU Archive
Westimmo finances Dutch office deal
Westdeutsche ImmobilienBank (WestImmo), acting as arranger, is financing Hanzevast Capital's purchase of an office building in the city centre of Zwolle for a consideration of EUR18 mln. The property was acquired via Hanzevst's closed property fund.
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PropertyEU Archive
WDP to start developing portfolio in Romania
Closed-end real estate investment company Warehouses De Pauw will start developing its portfolio in Romania early this year. The move follows a EUR 75 mln finance agreement concluded between WDP and the EIB (European Investment Bank) to finance the Romanian development.
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PropertyEU Archive
London reports highest office take-up in five years
Total take-up in London's City and Docklands office market for 2010 reached 7.6 million sq ft (706,000 m2), for the first time in five years, according to Cushman & Wakefield. This figure exceeds that of 2008 (6.6 million sq ft) and 2009 (4.6 million sq ft), giving encouragement to developers ...
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PropertyEU Archive
German residential portfolio sales 'unexpectedly weak' in 2H 2010: C&W
The sale of German residential portfolios fell sharply in the second half of 2010, resulting in just EUR 2.17 bn of residential deals over the year, down from EUR 2.61bn in 2009, according to Cushman & Wakefield.
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PropertyEU Archive
Accor confirms talks to sell 49% of Lucien Barriere
French hotel group Accor has confirmed that it is in negotiations to sell its 49% interest in France's largest casino operator Lucien Barri猫re to the Fimalac financial holding.
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PropertyEU Archive
Simon abandons CSC bid
Simon Property Group has withdrawn its bid to buy Capital Shopping Centres (CSC) Group for 425p per share, or 拢2.9 bn (EUR 3.4 bn), the company announced on Tuesday.
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PropertyEU Archive
AEW expands in UK with Arburthnot REIM acquisition
AEW Europe has announced the creation of AEW UK, a fund management partnership focused on the UK real estate market, following the transfer of the business interests of Arbuthnot Real Estate Investment Management (ArbreIM) from Arbuthnot Banking Group. AEW UK is a joint venture owned equally by AEW Europe and ...
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PropertyEU Archive
WP Carey completes second Agrokor deal
WP Carey, the global sale-and-leaseback specialist, has announced the acquisition of a portfolio of retail facilities in Croatia for a total consideration of EUR 49 mln. The deal was carried out through its non-traded REIT affiliate, CPA:17 - Global.
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PropertyEU Archive
Trigranit and Heitman form joint venture for Arena Centar
Trigranit Development Corporation has formed a joint venture with Heitman European Property Partners IV (HEPP IV) for the Arena Centar Shopping Center in Zagreb, Croatia. Both Trigranit and HEPP IV will hold a 50% stake in this newly developed, landmark (180,000 m[sup]2[/sup] ) mall. The transaction includes two land plots ...
