All PropertyEU Archive articles 鈥� Page 1827
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PropertyEU Archive
Solvency II will spur insurers to increase lending to property
Solvency II will encourage European insurance companies to lend against property, delegates at the IPD/IPF Property Investment Conference were told last week.
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PropertyEU Archive
CSC goes ahead with EUR 1.9bn mall deal despite Simon objection
UK listed Capital Shopping Centres Group (CSC) is proceeding with the largest ever single asset shopping centre acquisition in the UK despite objections from Simon Property Group, a shareholder and potential bidder for CSC.
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PropertyEU Archive
CBRE welcomes Irish plan to retain 12.5% corporate tax
Property consultant CB Richard Ellis has welcomed confirmation from the Irish government in their four-year financial plan that the 12.5% corporation tax rate is to be maintained.
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PropertyEU Archive
Gecina acquires EUR 440m worth of offices
French REIT Gecina has sealed three acquisitions in the office sector, representing a total commitment of over EUR 440 mln. The purchases are in line with the company's strategy to strengthen its position in the office segment and expand the office portfolio from EUR 5.5 bn to EUR 9 bn ...
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PropertyEU Archive
GFKL acquires large NPL portfolio
Essen-based GFKL Financial Services said on Thursday that it has acquired a large portfolio of real-estate-backed non-performing loans (NPL or bad loans) from an unnamed international bank and a private equity fund. The NPL portfolio has a total volume of over EUR 100 mln and is largely backed by commercial ...
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PropertyEU Archive
IVG Institutional Funds acquires office tower in Warsaw
IVG Institutional Funds has purchased the Victoria Building in Warsaw for EUR 29 mln from a European real estate investment fund of Deka Immobilien Investment. IVG said that the transaction is evidence of Poland's, and particularly Warsaw's, 'thriving' economy. As one of the world's few countries to remain buoyant following ...
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PropertyEU Archive
Unibail-Rodamco invests in Citymall Almere
Unibail-Rodamco, Europe's largest listed retail specialist, plans to invest heavily in the new section of Citymall Almere in the Netherlands. The plans will be worked out in detail in the coming months with the local planning authorities and realised in the course of next year.
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PropertyEU Archive
Atrium completes Polish centre
Atrium European Real Estate Limited (Atrium) has opened the first phase of Galeria Mosty, its latest shopping centre development in Poland. Located in the city of Plock, in central Poland, The centre has a gross lettable area of 9,900 m[sup]2[/sup] on opening and will be 85% let to over 50 ...
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PropertyEU Archive
Aviva, Henderson invest in SLI European Property Growth Fund
Standard Life Investments, one of the largest real estate fund managers in Europe, has announced that Aviva Investors and Henderson Global Investors have collectively committed around EUR 60 mln in equity to its European Property Growth Fund (EPGF) on behalf of their underlying clients.
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PropertyEU Archive
Quintain in landmark Portuguese deals
London-listed Quintain Estates and Development has entered into a framework agreement to supply real estate consultancy to Living PlanIT, the urban technology specialist with the right to develop a 1,700 hectare city at Paredes in Northern Portugal. Quintain's fee will be 3.5% of construction costs, with a minimum payment of ...
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PropertyEU Archive
Orco to wind down Endurance Fund: report
Orco Property Group plans to start winding down its EUR 466 mln Endurance real estate fund next year following pressure from investors, Bloomberg has reported.
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PropertyEU Archive
Retail sector split on impact of e-commerce
The retail sector has not yet reached a unified stance on the impact of e-commerce, it emerged at the last edition of the Mapic real estate fair in Cannes last week. 'Retailers and developers seem to be divided on their approach to online shopping,' commented Fran莽ois Ortalo-Magn茅, Director of Wisconsin ...
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PropertyEU Archive
Llangoed Hall sold to von Essen Hotels
Christie + Co has sold the freehold of Llangoed Hall Hotel in the Wye Valley, Wales, to von Essen Hotels, the luxury hotel group, for an undisclosed sum. Christie & Co was acting on behalf of the Estate of the late Sir Bernard Ashley.
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PropertyEU Archive
CSC poised for EUR 1.9 bn UK mall acquisition
UK listed Capital Shopping Centres Group (CSC) has confirmed that it is in advanced talks to acquire the Trafford Centre in Manchester in a 拢1.6 bn (EUR 1.9 bn) transaction. The asset is owned by the Peel Group, a UK-based investment company that has about 拢6 bn of assets under ...
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PropertyEU Archive
Meinl Bank sues Atrium for EUR 1.2 bn
The legal conflict between Atrium Real Estate and the company's former owner Meinl Bank accelerated further this week after the Austrian private bank announced it would sue Atrium's new board and management for damages of at least EUR 1.2bn.
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PropertyEU Archive
Sufficient new capital to bridge EUR 180bn funding gap: DTZ
Europe has the biggest exposure to property debt worldwide, accounting for 51% or $126 bn (EUR 92 bn) of the total $245 bn (EUR 179 bn) debt funding gap over the next three years, according to new research from property adviser DTZ. Second in line is Asia Pacific with ...
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PropertyEU Archive
Z眉blin, Viveris team up to launch Grenelle 2 fund
Z眉blin Immobili猫re France is partnering with fund manager Viveris Reim to launch an OPCI investment vehicle which will focus on the upgrade of existing buildings to comply with the Grenelle 2 energy-efficiency requirements.
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PropertyEU Archive
ICSC Europe announces finalists for 2011 European Shopping Centre Awards
The International Council of Shopping Centers (ICSC) has announced the 2011 European Shopping Centre Awards finalists. In all, 18 centres made it to the short list of finalists, representing eight countries across Europe.
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PropertyEU Archive
EU regulation could cause EUR 65bn of collateral damage: EPRA
Proposed EU rules on derivatives could take an estimated EUR 64.9 bn of working capital away from Europe's real economy as property businesses risk being required to collateralise their interest rate hedges with cash. This is the main conclusion of a Chatham Financial study commissioned by the European property sector ...
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PropertyEU Archive
Kungsleden divests six properties for EUR 87m
Swedish listed property company Kungsleden is selling six commercial properties for SEK 809 mln (EUR 86.6 mln) to ABB Fastighet. The sales price exceeds book value by SEK 23 mln. The properties are located in Ludvika, north west of Stockholm, and are largely let to ABB. The gross leasable area ...
