All PropertyEU Archive articles 鈥� Page 1823
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PropertyEU Archive
ING REIM: regulatory reforms may constrain bank lending
Europe faces a daunting number of regulatory reforms and measures over the next three years which could help stifle bank lending to property, Tim Bellman, global head of research at ING REIM, said in an interview with PropertyEU.
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PropertyEU Archive
Hanseatic to launch first closed-end fund for retail investors
Germany's Hanseatic Group is launching its first closed-end investment vehicle for retail investors which will focus on discount stores and retail parks designed and developed by its parent company.
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PropertyEU Archive
Window of opportunity closing for occupiers
The third quarter of 2010 has seen the aggregate vacancy rate in Europe level off at 10.1% , according to the latest research by CB Richard Ellis (CBRE). In some key markets, such as London and Munich, available supply is shrinking. However, sizeable variations exist within many cities, ...
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PropertyEU Archive
F&C REIT Germany launches Spezialfonds for pension fund
F&C REIT Asset Management Germany has launched a Spezialfonds on behalf of a German pension fund. The fund will follow a core-plus strategy with a targeted capital expenditure of EUR 120 mln.
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PropertyEU Archive
Pradera retail fund looks to France and Italy
Pradera Europe's Open-Ended Retail Fund (POERF) is looking for assets in Italy and France following the acquisition of three shopping centres in Poland earlier this month. The Polish malls are being bought from UK-based investor Carpathian for a total of EUR 40 mln.
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PropertyEU Archive
Sveafastigheter jv snaps up 14 Accor hotels in Sweden
Nordic real estate private equity house Sveafastigheter has made the first acquisition for its Fund III with the purchase of Accor Hotels Sweden, the owner of 14 hotel properties and 18 hotel operations in Sweden.
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PropertyEU Archive
Fabege sells non-core properties for EUR 148m
Swedish listed real estate company Fabege has divested 16 properties for SEK 1.3 bn (about EUR 148 mln). The buyer is local investor Profi Fastigheter II.
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PropertyEU Archive
ING REIM warns of 'double dip' risk in 2011
ING REIM is not ruling out the possibility of a double dip recession in 2011 if a number of risks to the incipient economic recovery materialise. The main risk is deleveraging, the fund manager writes in its Global Vision 2011 report published on Friday.
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PropertyEU Archive
Wereldhave acquires 5 Belgian projects from ING RED
Amsterdam-listed company Wereldhave has reached agreement with ING Real Estate Development on the acquisition of the largest part of ING's Belgian development portfolio. The agreement includes the transfer of employees of ING Real Estate Development in Belgium to Wereldhave Belgium.
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PropertyEU Archive
Cordea Savills buys London scheme for EUR 63m
Cordea Savills European Commercial Fund has exchanged contracts with AIM-listed Terrace Hill Group to acquire 129 Wilton Road in Victoria, London. The investment volume of 拢53.5 mln (EUR 63 mln) reflects a net initial yield of 5.78%.
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PropertyEU Archive
Sonae Sierra appoints JLL to market Gli Orsi mall
Portuguese shopping centre group Sonae Sierra has mandated Jones Lang LaSalle to market its Gli Orsi shopping centre in Biella, Northern Italy, starting from January. The scheme, which represents an investment for Sonae Sierra of roughly EUR 102 mln, consists of 41,000 m[sup]2[/sup] of retail space across 100 shops and ...
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PropertyEU Archive
Savills appoints European CEO
International real estate adviser Savills has announced the appointment of Borja Sierra as CEO for its business in Continental Europe. He will work with existing European chairman, Simon Hope.
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PropertyEU Archive
UK pooled funds perform strongly: Aref
The Association of Real Estate Funds (AREF)'s Investment Quarterly (IQ) for Q3 2010 today reveals a net asset value of 拢31.5 bn (EUR 37 bn) for UK unlisted pooled property funds (PPFs), up 拢10 bn on this time last year. Excellent performance and significant net inflows account for this ...
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PropertyEU Archive
Aurelius buys five hotels in Germany
Munich-based Aurelius Holding has acquired five hotel properties in Germany for its subsidiary Ghotel for an undisclosed price. The seller is the German housing group Deutsche Annington.
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PropertyEU Archive
IVG deal marks start of fund consolidation in CEE
Industry watchers expect to see more consolidation of property investment funds in Austria and the rest of Central and Eastern Europe following IVG Immobilien's takeover of Vienna-based Hypo Real Invest earlier this week for an undisclosed sum.
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PropertyEU Archive
Percassi's Sicilia Fashion Village opens its doors
Italian developer Gruppo Percassi has announced the opening of Sicilia Fashion Village, the largest retail outlet centre of Southern Italy and the first one on the island of Sicily. The development company said that the scheme represents a total investment of EUR 120 mln and offers around 25,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Nepi buys Bucharest business park for EUR 102m
New Europe Property Investment (NEPI), through its wholly-owned subsidiaries NE Property Cooperatief and New Europe Property, has concluded an agreement for the acquisition of 100% of Ingen Europe, the owner of the 36,000-m[sup]2[/sup] Floreasca business park in Bucharest, Romania.
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PropertyEU Archive
ING REIM bets on retail and offices in Europe over next 3-5 years
ING Real Estate Investment Management expects the continued economic recovery in much of Northern and Western Europe to generate high single-digit returns for real estate investors over the next three to five years, particularly in the retail sector, but increasingly also in office markets.
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PropertyEU Archive
脝rium sells 40 Portman Square in London
European Fund Manager 脝rium has completed the sale of 40 Portman Square in London's West End for 拢181 mln (EUR 213 mln), reflecting a net initial yield of 5.57. The transaction marks one of the largest office deals in the West End market in 2010.
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PropertyEU Archive
NREP sells seven retail properties to Kungsleden for EUR 60m
Nordic Real Estate Partners (NREP) has secured an exit on its NREP Retail Fund 1 by selling seven retail properties to Kungsleden Nordic Real Estate Partners (NREP) for SEK 540 mln (EUR 59 mln). In total, the NREP Retail Fund 1 has produced an IRR well above 50% for its ...
