All PropertyEU Archive articles 鈥� Page 1821
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PropertyEU Archive
S&P raises DG Hyp's rating outlook to 'stable'
S&P has raised DG Hyp's rating outlook from 'negative' to 'stable'. Commenting on its decision, the rating agency cited the bank's stronger focus in its commercial real estate finance business on its core German market, in close cooperation with the German Cooperative Financial Services Network.
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PropertyEU Archive
Reyal Urbis re-starts development of Castellana 200
Spanish developer Reyal Urbis is re-starting the development of its flagship Castellana 200 mixed-use project in Madrid after receiving backing from its creditor banks.
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PropertyEU Archive
Bouwfonds resi fund spends EUR 36m in Germany
Bouwfonds European Residential Fund has acquired residential properties in the German cities of D眉sseldorf, Hamburg and Erlangen for just over EUR 36 mln.
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PropertyEU Archive
Kungsleden acquires care properties in Sweden
Listed Swedish property company Kungsleden, acting through its 50-50 joint venture with the Swedish Third Pension Insurance Fund (AP3), is acquiring 29 care properties. The total purchase prices, including transaction costs, comes to SEK 368 mln (EUR 40 mln). The property yield is 7.8%.
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PropertyEU Archive
Patrizia acquires LB Immo Invest
Patrizia Immobilien has acquired LB Immo Invest, the Hamburg-based real estate investment company that launches special funds. It was sold by HSH Real Estate, a subsidiary of HSH Nordbank AG. The parties agreed not to disclose the purchase price. 'We are significantly expanding our service business with this acquisition and ...
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PropertyEU Archive
Unibail-Rodamco reaches agreement to develop France's highest office tower
Franco-Dutch property group Unibail-Rodamco said on Friday that it has reached an agreement with the Epadesa public authority for the development of the Phare tower at Paris' financial district of La Defense. Epadesa's board has approved the technical and financial terms for the finalisation of the project which will involve ...
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PropertyEU Archive
BL, Blackstone submit planning application for UBS project
British Land and the Blackstone Group on Friday submitted a detailed planning application for a new office building for financial services firm UBS in the City of London. Called 5 Broadgate, it will provide a total net office floorspace of 65,032 m[sup]2[/sup] and will include four trading floors capable of ...
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PropertyEU Archive
Commercial office tenants want green - survey
Green building initiatives are a key influencer when tenants decide to sign a commercial real estate lease, according to a survey by GE Capital Real Estate. The survey, conducted over the past year, included more than 2,220 office tenants in the US, Canada, France, Germany, Sweden, the UK, Spain and ...
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PropertyEU Archive
Kotrbacek joins C&W retail team in Prague
Jan Kotrbacek (34) became the head of the Retail Team at Cushman & Wakefield鈥檚 Prague office with effect from 1 December. He took over after Martin Zizala who held the position for the last six years. Kotrbacek will be in charge of the Czech and Slovak markets.
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PropertyEU Archive
Immofinanz sells retail property in Czech Republic
Austrian group Immofinanz has announced the sale of the Bauhaus Budweis retail property in Budweis, Czech Republic to the CPI Group, a local investor, for over EUR 17 mln. The transaction is part of the group's strategy to optimise its real estate portfolio, the company said.
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PropertyEU Archive
NSI and Vastned O/I discuss potential merger
Nieuwe Steen Investments (NSI) has approached Vastned Offices / Industrial (Vastned O/I) about a potential merger of the two Amsterdam-listed real estate companies.
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PropertyEU Archive
German financiers increase share in Dutch market
German investors are on course to boost their share of transactions in the Dutch real estate market to around EUR 1 bn this year. This is significantly more than the figure for the past two years. In 2009, German investors accounted for transactions worth some EUR 570 mln compared to ...
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PropertyEU Archive
London & Stamford enters the EPRA Europe Index
Listed real estate company London & Stamford Property (L&S) will be included in the FTSE EPRA/NAREIT Developed Europe Index as of Monday 20 December 2010.
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PropertyEU Archive
European stocks down 6.2% in November: GPR
European listed real estate, as represented in the GPR 250 Europe Index, returned a 6.2% loss in November. The individual land indices with positive returns were as follows: Israel 1.9% (= Gazit Globe); Poland 0.6% (= GTC); Germany 0.5%.
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PropertyEU Archive
Battle for trophy assets to continue in 2011: JLL
Global direct commercial real estate investment volumes will rise by 25-35% on 2010 level as a significant weight of equity capital targets real estate and fresh capital-raising enlivens the market, according to Jones Lang LaSalle's final Global Market Perspective report of 2010.
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PropertyEU Archive
LaSalle acquires London shopping park for EUR 63m
LaSalle Investment Management announced on Thursday that it has acquired the Arena Shopping Park in Haringey, North London. The purchase price was 拢53 mln (EUR 63 mln), giving a 5.34% net initial yield.
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PropertyEU Archive
Amundi buys office complex in Montpellier
French real estate investment manager Amundi Immobilier has annonced the purchase of 10,500 m[sup]2[/sup] of office space under development in Montpellier, Southern France, on behalf of its Slivimo and Lion SCPI investment vehicles. The development project was sold by Artea Group for around EUR 23 mln, excluding taxes.
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PropertyEU Archive
Volker Riebel appointed CEO of Conwert
Volker Riebel has been appointed the new CEO of Austrian real estate company Conwert Immobilien Invest SE. Riebel who holds a doctorate in economics, will take over this function from Johann Kowar on 1 Janaury.
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PropertyEU Archive
DG Hyp to pull out of international markets
German lender DG Hyp, which is part of the DZ BANK Group, is to withdraw from international markets as part of a drive to focus on operations at home, a DG Hyp spokesman told PropertyEU.
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PropertyEU Archive
Erith joins Savills valuation team in France
International real estate advisor Savills has appointed Catherine Erith to join its French valuation department. Erith, who joins Savills as an associate director, has 12 years experience in the industry.
