All PropertyEU Archive articles 鈥� Page 1813
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PropertyEU Archive
Danish pension funds buy three Magasin store properties
Danish institutional investors ATP Ejendomme and PensionDanmark have jointly acquired three Magasin department store properties in Denmark for an undisclosed sum. The buildings, covering a total space of 75,000 m2, are located in the cities of Lyngby, Aarhus and Odense.
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PropertyEU Archive
Eurocommercial in exclusivity to buy Sant Cugat mall
Dutch retail investor Eurocommercial Properties has entered into exclusive negotiations with French REIT Altarea to buy a 42,000-m[sup]2[/sup] shopping centre in Sant Cugat del Valles, near Barcelona, well-informed market sources told PropertyEU.
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PropertyEU Archive
UEPC joins EPF to create leading Europan lobby group
The European Union of Developers and Housebuilders (UEPC) has joined the European Property Federation (EPF), thus cementing an alliance covering the entire building development, investment, rental and management chain, residential and commercial, listed and non-listed.
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PropertyEU Archive
Westimmo provides financing for Rockspring deal in Poland
Westdeutsche ImmobilienBank (WestImmo) has announced that it provided Rockspring TransEuropean Property Limited Partnership IV with investment financing for Ferio Shopping Centre in Poland. Rockspring acquired the mall from Raiffeisen Evolution in mid-December for EUR 47 mln. The financing transaction was arranged, underwritten and completed on 14 December 2010.
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PropertyEU Archive
LGP buys Fremlin mall in Maidstone for EUR 110m
Legal & General Property (LGP) has acquired Fremlin Walk Shopping Centre, Maidstone, from a joint venture between Europa Fund III, the pan-European fund managed by Europa Capital, and Scoop AM. The property was acquired for about 拢92 mln (EUR 110 mln).
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PropertyEU Archive
FdR boosts capital by EUR 200m
Fonci猫re des R茅gions (FdR) said on Monday that it has strengthened its capital by nearly EUR 200 mln after seeing nearly 100% of its outstanding equity warrants exercised. The warrants, with a subscription period covering the entire year 2010, were awarded to FdR shareholders at end-2009 on a ratio of ...
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PropertyEU Archive
FdM sells Mercure Paris hotel for EUR 41.5m
Fonci猫re LFPI has bought the 388-room Mercure Paris Porte de Versailles hotel in Vanves, in the southwestern suburbs of Paris from Fonci猫re des Murs (FdM). The transaction price amounts to EUR 41.5 mln.
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PropertyEU Archive
Sorgente makes EUR 480m bid for Milan's Rinascente
Italian fund manager Sorgente is leading a consortium of Italian investors that has presented a EUR 480 mln offer to buy the historic Rinascente building at Milan's Piazza Duomo. The property is owned by the Retail & Entertainment fund, which is managed by Prelios (formerly Pirelli Real Estate) and is ...
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PropertyEU Archive
Orion to buy 50% of Puerto Venecia scheme
UK-based private equity firm Orion Capital Managers is close to clinching the acquisition of a 50% stake in the Puerto Venecia shopping centre project in Zaragoza, northern Spain, well-informed market sources have told PropertyEU. The vendor is Spanish developer and investor Copcisa Corporaci贸n.
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PropertyEU Archive
ING REIM raises EUR 60m in first close of European mall fund
ING Real Estate Investment Management Europe (ING REIM Europe) has received EUR 60 mln in equity commitments in the first closing for its European Shopping Centre Fund (ESCF). The closed-end private real estate fund has a seven-year lifetime and will invest in shopping centres across Continental Europe.
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PropertyEU Archive
Viveris REIM completes EUR 82m of acquisitions in Paris
French fund manager Viveris REIM has announced three 'core' acquisitions in France on behalf of its Sppicav Delta Immo fund involving a total investment of EUR 82 mln, or a gross yield of 5.9%. In a statement on Monday, the company said it has bought a mixed-use building offering 4,200 ...
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PropertyEU Archive
Henderson acquires Meixueiro Retail Park in Spain
Henderson Global Investors, on behalf of Warburg-Henderson's RZVK-Immo-Fonds, has acquired the Meixueiro Retail Park in Vigo, northern Spain, from Oralco for EUR 35 mln.
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PropertyEU Archive
Invesco's first hotel fund fully invested after Hannover purchase
Invesco Real Estate (IRE) announced on Monday that its first hotel fund is now fully invested following the purchase of its 17th hotel, the Novotel Hanover in Hanover, Germany. This brings the fund's total investments to about EUR 700 mln across nine European countries.
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PropertyEU Archive
Cornerstone launches Nordic Social Infrastructure Property Fund
Cornerstone Real Estate Advisers Europe (Cornerstone Europe) has announced it is beginning capital raising for its Nordic Social Infrastructure Property Fund (NSIPF), a new core fund tit is planning to launch to invest in public real estate assets let on long term inflation-linked leases to government or quasi-government tenants.
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PropertyEU Archive
Heitman hires GE RE director
Chicago-based private equity firm Heitman has appointed David Brodersen as portfolio manager for its EUR 505 mln value-added fund Heitman European Property Partners IV (HEPP IV), which is led by Otis Spencer.
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PropertyEU Archive
Aerium sells Pixis portfolio in EUR 210m deal
European real estate fund manager Aerium has announced the sale of the Pixis portfolio to P茅gase Partners, a French investment company, for EUR 210.5 mln. The transaction, which was introduced by Leonard De Vinci Group, represents one of the largest portfolio deals in France for 2010.
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PropertyEU Archive
Area acquires office development in Ile de France from Bouwfonds
Area Property Partners鈥� Apollo European Real Estate Fund III has signed an agreement to purchase the Le Skalen office development in Chatillon from Bouwfonds Marignan Immobilier through a forward purchase agreement (VEFA).
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PropertyEU Archive
Hochtief Projektentwiklung sells Berlin office
Hochtief Projektentwicklung, a subsidiary of German builder Hochtief, has sold the office building at Invalidenstrasse 91 in Berlin-Mitte to a Credit Suisse real estate fund. Financial details were not disclosed. The property has a gross floor area of around 9,000 m[sup]2[/sup].
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PropertyEU Archive
BNP Paribas launches new fund in Italy
BNP Paribas has officially launched its new fund Fondo Immobiliare - Comune di Milano II following the signing, at the end of December 2010, of an agreement with the Municipality of Milan, which is providing 50% of the real estate assets.
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PropertyEU Archive
Castellum buys in Stockholm
Swedish listed property company Castellum acquired five properties in the Stockholm area for a total of SEK 137 mln (EUR 15.3 mln) at the end of 2010 through its wholly owned subsidiary Fastighets AB Brostaden.
