All PropertyEU Archive articles 鈥� Page 1815
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PropertyEU Archive
AEW Euroffice Fund buys office building in Berlin
AEW Europe's EUR 800 mln European core fund, Euroffice, has purchased the Berlin Nordbahnhof office property from Frankonia and LVM.
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PropertyEU Archive
Mercedes sells and leases back Madrid HQ
The real estate arm of Spanish insurance group Mapfre has acquired the headquarters of Mercedes Benz in northern Madrid for around EUR 28 mln, well-informed sources have told PropertyEU. The scheme was sold through a sale-and-leaseback structure to Mapfre Inmuebles for a yield of over 6%.
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PropertyEU Archive
CBREI sells Copernic II to BNP Paribas vehicle
CB Richard Ellis Investors has announced the sale of the Copernic II office complex to Opera Rendement, a SCPI managed by BNP Paribas Real Estate Investment Management. Cardif Assurance Vie, a subsidiary of BNP Paribas Assurance, is the main shareholder of the SCPI.
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PropertyEU Archive
Colonia sells stake in commercial property portfolio
Frankfurt-listed Colonia Real Estate has sold its 4.8% stake in the joint venture with Oaktree Capital Management (OCM) for strategic reasons. The buyer is OCM German Real Estate Holding by way of a share buyback. The purchasing price comes to about EUR 4.5 mln.
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PropertyEU Archive
NSI expands its retail portfolio in Rotterdam
Amsterdam-listed property company Nieuwe Steen Investments (NSI) has acquired Zuiderterras, part of the shopping centre Zuidplein in Rotterdam, from IVG Institutional Funds for EUR 24 mln.
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PropertyEU Archive
AXA's debt investment capacity hits EUR 2.5b
AXA Real Estate Investment Managers (AXA REIM) has raised EUR 350 mln in the first close of its pan-European debt fund, Commercial Real Estate Senior 1 (CRE 1).
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PropertyEU Archive
BNP Paribas Reim fund invests EUR 41m in Italy
The Italian fund management arm of BNP Paribas Real Estate Investment Management has carried out two acquisitions for its Immobiliare Dinamico real estate fund.
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PropertyEU Archive
Ciloger buys 6 Casino supermarkets for EUR 45m
French fund management group Ciloger has announced the acquisition of six Casino supermarkets in France for around EUR 45 mln. The properties were sold by the French retail giant Casino and are located in the city centres of Paris, Villeurbane and Nice.
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PropertyEU Archive
Michael Abel joins Europa Capital
Michael Abel has joined London based Europa Capital from J.P.Morgan Asset Management. He will be focusing on new acquisitions in Central Europe. Whilst at J.P.Morgan, Michael worked for the European Property Fund, an investment fund with EUR 3.5 bn assets under management based in London, where he focused on retail, ...
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PropertyEU Archive
Redevco acquires three Karstadt stores
Redevco Services Deutschland has acquired three retail properties that are under long-term lease to Karstadt and Karstadt Sport. Redevco bought the buildings, located in Hannover, Munich and Viernheim, from Highstreet. The parties have agreed not to disclose the price.
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PropertyEU Archive
Corio acquires mall project in Turin
European listed shopping centre specialist Corio has signed a preliminary agreement for the acquisition of the Palazzo del Lavoro project in the Italian city of Turin. The financial details of the transaction which was announced just before Christmas were not been disclosed.
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PropertyEU Archive
Alternative lenders line up to fill funding gap
A new breed of alternative lender is emerging to fill an estimated EUR 35 bn European funding gap which is expected to widen in the wake of a mountain of debt maturities in the next 24 months. 'We see an increasing number of alternative lenders taking the stage, with announcements ...
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PropertyEU Archive
Fimit-First Atlantic merger to spark new consolidation wave
Fimit's merger with First Atlantic is expected to unleash fresh consolidation in the Italian fund management industry which has seen an explosion in the number of players in the past 10 years.
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PropertyEU Archive
Overseas buyers dominate London market: C&W
Central London commercial property investment transactions for 2010 totalled around 拢9.9 bn (EUR 11.6 bn), an increase of one-third on the 拢6.6 bn in 2009, according to Cushman & Wakefield.
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PropertyEU Archive
Open-ended funds have 'youthful' property profile: BVI
Germany's open-ended property funds (GOEFs) have an extremely youthful real estate profile, according to the results of a survey carried out by fund industry body BVI. One-third of the funds' properties are younger than five years, while close to another third are between five and 10 years old. Around 80% ...
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PropertyEU Archive
Goodman secures funding for IIF deal
Sydney-listed Goodman Group and a consortium of its three global investors have made a recommended cash offer for 100% of the ordinary units in ING Industrial Fund (IIF).
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PropertyEU Archive
Linker to join IVG Institutional Funds
Irmgard Linker is to join the management board of IVG Institutional Funds in mid-2011 where she will be in charge of accounting and taxes, controlling, organisation and EDV. At present, Linker is a managing director (COO) of Schroder Investment Management in Germany as well as a managing director of Schroder ...
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PropertyEU Archive
King Sturge recruits Tim Harlow and Liz Wheeler
King Sturge has recruited Tim Harlow and Liz Wheeler to spearhead the expansion of its International Corporate Real Estate operation. Harlow and Wheeler join from BNP Paribas Real Estate, where Harlow heads the international corporate services team. He joins as Partner and will work with Head of Corporate Real Estate, ...
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PropertyEU Archive
RREEF sells BBVA HQ in Bilbao for EUR 100m
Mutualidad de la Abogac铆a, the Spanish private pension scheme for lawyers, has acquired the historic headquarters of financial group BBVA in Bilbao for around EUR 100 mln.
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PropertyEU Archive
Sorgente bags Milan trophy asset for EUR 105m
Italian fund management group Sorgente has completed the acquisition of an office building at Piazza Cordusio in the centre of Milan from insurance giant Milano Assicurazioni for around EUR 105 mln. The purchase was carried out on behalf of Sorgente's Donatello Comparto David real estate fund.
