All PropertyEU Archive articles 鈥� Page 1828
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PropertyEU Archive
Advent International acquires Tinsa
Global private equity firm Advent International has announced the acquisition of Tinsa, a Spanish property valuation firm, from its founding partners. Advent International has taken a 94.5% majority stake in the business, with the remaining capital held mainly by the management team. The transaction is valued at EUR 100 mln ...
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PropertyEU Archive
EPF, EPRA sound alarm over EU derivatives proposals
Proposed EU rules on derivatives could lead to serious property and debt market instability, two European property organisations have warned. The European Public Real Estate Association (EPRA) said the measures could take an estimated EUR 64.9 bn of working capital away from Europe's real economy as property companies are at ...
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PropertyEU Archive
Norwegian Property appoints new director of development
Oslo-based Norwegian Property has appointed Fredrik Baumann (48) as its new director of development with effect from January 2011. Baumann is currently CEO of construction and engineering firm OKK Entrepen酶r AS and was previously the project director at Avantor AS, where he led the BI Nydalen Campus, receiving the City ...
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PropertyEU Archive
Orco Germany to sell stake in Berlin project
The German arm of Orco Property Group and local developer High Gain House Investments (HGHI) have confirmed signing a preliminary agreement aimed at co-developing the plot of Leipziger Platz, in the heart of Berlin, into a mixed-use project made up of a shopping centre, offices and residential.
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PropertyEU Archive
Online retailing enters second growth phase: CBRE
Retail rental rates have stabilised across Europe, but could be pushed lower in some locations as online retailing enters a second growth phase. That is one of the findings of a recent report by CB Richard Ellis entitled 'How active are retailers in EMEA?'
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PropertyEU Archive
EPF warns on OTC Derivatives legislation
European Union legislation on OTC Derivatives will lead to serious property and debt market instability, the European Property Federation has warned. In its input to European Parliament Rapporteur Werner Langen on the European Commission's proposed Regulation on OTC Derivatives, EPF pointed out that specific and precise modifications and clarifications are ...
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PropertyEU Archive
Silic raises EUR 175m through bond issue
French business park specialist Silic has raised roughly EUR 175 mln through a six-year convertible bond issue undertaken to improve its financial structure and to help finance its development projects. The bonds, which are convertible in cash or shares, mature on January 1, 2017 and are structured as Ornane bonds, ...
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PropertyEU Archive
Atrium boosts Q3 results
Atrium European Real Estate booked a pre-tax profit of EUR 120.3 mln for the nine months to end-September compared with a loss of EUR 374.5 mln in the year-earlier period. The strong improvement reflected a 54.4% increase in net cash from operating activities to EUR 70.3 mln and a revaluation ...
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PropertyEU Archive
Hatfield Philips restructures EUR 481m of loans
Hatfield Philips, the independent primary and special servicer, has announced the restructuring of two loans totalling EUR 481 mln that make up part of Titan Europe 2006-2 mortgage-back security. The EUR 273.4 mln Margaux Portfolio Loan is secured on 526,586 m[sup]2[/sup] of predominantly residential properties across Germany; whilst the EUR ...
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PropertyEU Archive
Drago teams up with Cerberus to buy 97 Caja Madrid branches
Madrid-based investment firm Drago Capital and an affiliate of Cerberus Capital Management have acquired a real estate portfolio consisting of 97 bank branches from Caja Madrid. The sale-and-leaseback transaction amounts to EUR 96 mln, representing an EUR 80 mln capital gain for the Spanish lender.
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PropertyEU Archive
LGP fund acquires Tesco's supermarket
Legal & General Property (LGP) has acquired a Tesco supermarket in Newton-le-Willows, Merseyside on behalf of its Limited Price Inflatio Income Property fund. The deal marks the fund鈥檚 third acquisition, following the purchase of two Welsh government-let assets, and brings its total investment to over 拢40 mln, having already ...
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PropertyEU Archive
Klepierre, Carrefour partner in new retail projects across France
French retail specialist Kl茅pierre S茅g茅c茅 and Carrefour Property are joining forces to develop several retail projects across France.
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PropertyEU Archive
APG and CPPIB eye further joint ventures
APG of the Netherlands and Canada Pension Plan Investment Board (CPPIB) may team up again on further European real estate transactions following their EUR 1 bn joint purchase of 50% of the retail component of Westfield Stratford City. The massive mixed-use scheme forms the gateway to the 2012 London Olympic ...
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PropertyEU Archive
Property values rise in core Western European markets: CBRE
European property values continued to rally during the third quarter of 2010, particularly in core Western Europe, according to the latest European Evaluation Monitor by CB Richard Ellis (CBRE).
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PropertyEU Archive
Owners test water for Central London hotel sale
The owners of The Hoxton Hotel, an award winning hotel based in Central London, are exploring the prospect of a sale as per the terms of their original investment agreement. Knight Frank has been appointed to advise the process and expressions of interest are already being received.
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PropertyEU Archive
ICSC launches European Directive support for retail real estate
National governments must introduce ambitious energy efficiency targets following a major review of the 2002 Energy Performance of Building Directive (EPBD) earlier this year by the European Union. The International Council of Shopping Centers (ICSC) has launched a package of support to help retail asset owners and occupiers influence implementation ...
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PropertyEU Archive
Ott takes over leadership of German subsidiary
Jean-Francois Ott, founding partner and CEO of Orco Property Group, has been appointed CEO of the group's German listed subsidiary, Orco Germany. The board of directors of Orco Germany announced the appointment on Tuesday. In addition, Nicolas Tommasini, deputy CEO of Orco Property Group, has been appointed deputy CEO of ...
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PropertyEU Archive
Pension funds buy into Westfield Stratford City for EUR 1bn
Pension giants APG of the Netherlands and the Canada Pension Plan Investment Board (CPPIB) have created a joint venture to acquire 50% of the retail component of Westfield Stratford City at the site of the 2012 London Olympics.
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PropertyEU Archive
Prologis leases 11,800m[sup]2[/sup] in Poland
Prologis Europe, the Denver-based distribution space specialist, has signed a fourth-quarter lease agreement in Poland for 11,800 m[sup]2[/sup]. An existing Prologis customer will occupy the space at Prologis Park Sochaczew Building Three in Sochaczew, Poland. Of the 11,800-m[sup]2[/sup] of space, 9,100 m[sup]2[/sup] was previously unleased. 'We are pleased to announce ...
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PropertyEU Archive
Hahn Group acquires retail park for EUR 20m
German real estate fund manager Hahn Group said that it has acquired a retail park in Schweinfurt, in the Lower Franconia region of Germany, for around EUR 20 mln. The purchase was made on behalf of Hahn Fcp-Fis retail property investment fund for institutional investors, which is managed jointly by ...
