All PropertyEU Archive articles 鈥� Page 1814
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PropertyEU Archive
King Sturge sees sentiment cooling in Germany
Notwithstanding the upward trend of the German economy as a whole, the December poll for the King Sturge Real Estate Economy Index suggests that sentiment in the real estate industry has cooled off slightly towards the end of 2010. In December, the survey-based Real Estate Climate dropped by 1.6% to ...
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PropertyEU Archive
Park Plaza in London hotel deal
Park Plaza Hotels Europe Holdings has acquired the interests in, and related loans to three hotels in London which it does not already own: the Park Plaza Sherlock Holmes Hotel, Park Plaza Victoria Hotel and Park Plaza Riverbank Hotel . The group acquired the properties from a subsidiary of Israeli ...
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PropertyEU Archive
ECE to launch ECE Real Estate Partners fund management unit
German shopping centre developer ECE has confirmed plans to start up a real estate fund management subsidiary, but declined to comment further on the move. 'I can confirm that ECE wants to start in this field of business and that it is building up a fund management firm called ECE ...
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PropertyEU Archive
Union Investment sets up property management unit in France
German open-ended fund manager Union Investment Real Estate has acquired Euragone Asset Management, its longstanding French asset management partner, with effect from 1 January 2011. The new Paris-based subsidiary - Union Investment Real Estate France SAS - has a team of 12 staff and is responsible for Union Investment鈥檚 EUR ...
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PropertyEU Archive
Institutional investors return to Spanish market
Institutional investors are returning to the Spanish market after two years of virtual absence in the wake of the credit crisis. 'The year 2010 has been a much more traditional investment year in the sense that there were more institutional investors involved than in 2008 and 2009 when private investors ...
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PropertyEU Archive
Credit Suisse sells EUR 2.1b loan portfolio to Apollo at 60% discount
Credit Suisse has completed the sale of a EUR 2.1 bn portfolio of distressed property loans to Apollo Management for less than EUR 900 mln, two well-informed sources confirmed to PropertyEU.
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PropertyEU Archive
Generali completes largest Rome CBD letting of 2010
International real estate advisor Savills, has said it represented Generali, in the most significant 2010 letting in Rome's central business district (CBD).
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PropertyEU Archive
EBP sells two shopping centres in Romania for EUR 5
East Balkan Properties (EBP) has sold its 51% interest in Balkan Properties Cooperatief, the owner of the Vitantis shopping centre and the Moldova Mall in Romania, for a nominal price of EUR 5 in cash.
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PropertyEU Archive
Union Investment acquires De Monarch in The Hague
Development company De Monarch - a joint venture of Provast and ASR Vastgoed Ontwikkeling - has reached agreement with German open-ended fund manager Union Investment Real Estate on the sale of the first building in the De Monarch plan for the Prinses Beatrixlaan in The Hague. The first building comprising ...
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PropertyEU Archive
Colonia Real Estate awarded AM contract
Colonia Real Estate Solutions, a wholly owned subsidiary of Colonia Real Estate, has obtained another asset management mandate for two commercial real estate portfolios with a total rental space of around 95,000 m[sup]2[/sup]. The asset management contracts agreed run for six years.
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PropertyEU Archive
Henderson Global Investors boosts Birmingham Fort stake
Henderson Global Investors has acquired a further 12.5% stake in the 300,000 sq ft Birmingham Fort Shopping Park for 拢26.25 mln (EUR 31.13), increasing its interest in this asset to 50%.
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PropertyEU Archive
Hansteen PUT buys Birmingham business park
London-listed Hansteen Holdings announced that Hansteen Property Unit Trust (HPUT) has acquired Saltley Business Park, Birmingham, from LPA Receivers acting for Lloyds Banking Group. The investment volume of 拢23.3 mln (EUR 27.1 mln) reflects a net initial yield of 9.62%.
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PropertyEU Archive
Report highlights sustainability challenges for funds
Lack of appropriate training, inconsistent terminology and metrics, and little guarantee that sustainability improvements will enhance fund performance, are among the challenges facing the industry, according to a report produced by Jones Lang LaSalle.
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PropertyEU Archive
Significant variation in fund charges: INREV
The 2010 INREV Management Fees and Terms Study has identified major differences in how fees are administered within non-listed real estate funds in Europe. The differences are predominantly driven by a fund鈥檚 investment approach and regional or sectoral focus. The study has also found that fee levels reached their highest ...
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PropertyEU Archive
Aerium fund gets EUR 181m refinancing for CEE retail assets
Deutsche Pfandbriefbank has provided a EUR 181 mln facility to Bainbridge Capital Retail Properties for the refinancing of 13 retail properties across Central Eastern Europe (CEE). The transaction was closed on 21 December 2010.
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PropertyEU Archive
Cofinimmo acquires 2 nursing homes in Belgium
Cofinimmo has acquired two nursing homes in Belgium valued at EUR 33.4 mln. The Brussels-listed real estate company said the transactions are in line with the investment value determined by an independent real estate expert.
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PropertyEU Archive
Immofinanz buys 49% of EHL Immobilien
Austrian property group Immofinanz has acquired a 49% stake in property services firm EHL Immobilien after signing a partnership agreement with the company for the asset and centre management of a 'significant part' of the Immofinanz group's portfolio.
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PropertyEU Archive
Over 50 European firms sign up for 'Regulated by RICS' label
An initiative by the Royal Institution of Chartered Surveyors (RICS) to offer Continental European real estate firms the opportunity to become RICS-regulated is proving successful with over 50 companies signing up by end-December. Another 15 firms have already been approved and received the 'Regulated by RICS' label, Diane Telford, RICS ...
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PropertyEU Archive
Union snaps up Centurion complex for EUR 71m
Germany's Union Investment Real Estate is strengthening its Hamburg portfolio with the acquisition of its first asset in the large HafenCity urban development project.
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PropertyEU Archive
German banks review activities following DG Hyp move
A number of German banks are reviewing their activities following the announcement by DG Hyp in late December that it planned to withdraw from international markets and focus on operations at home.
