All PropertyEU Archive articles 鈥� Page 1833
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PropertyEU Archive
Mounic becomes Goodman regional director Southern Europe
Goodman Group has appointed Jean-Fran莽ois Mounic as regional director Southern Europe, effective December of this year. He will also continue in his current position as country manager for Goodman France.
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PropertyEU Archive
Redevco buys two properties in Germany
Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from an unnamed privately owned company. The Bielefeld property is located at Bahnhofstra脽e 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie M眉ller.
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PropertyEU Archive
Commercial property capital growth remains positive: IPD
UK commercial property delivered a 15th consecutive month of positive capital growth in October, albeit at just 0.1%, according to IPD UK Monthly Index. Last month's fractional positive growth brings the compounded upturn in values to 15.9% since the recovery emerged in August 2009, while the 12-month capital growth rate ...
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PropertyEU Archive
James Farmer joins Europa Capital
James Farmer has joined London based Europa Capital, from the Royal Bank of Scotland (RBS), as an associate. He will support the the acquisitions team active in 'Middle Europe' (France, Germany, Austria, Switzerland) headed by Nic Fox.
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PropertyEU Archive
Panattoni, Gazeley start construction of new logistics centres
Logistics property developer Panattoni Europe said that it has started construction of a modern industrial facility for Polish appliance producer Zelmer Group in the southeast of Poland. The new built-to-suit facility in Glogow Malopolski municipality will offer 28,500 m[sup]2[/sup] of production and warehouse space, with a further 4,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Investors collect funds for Pinnacle: FT
Investors are poised to commit further funds to the 64-storey Pinnacle development in the City of London to ensure that it is ready before rival tower schemes, the Financial Times has reported.
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PropertyEU Archive
Hammerson focuses on redevelopment
Hammerson is pressing forward with a number of development and redevelopment projects to enhance its portfolio in the UK and France. CEO David Atkins said in an interim management statement for the period July to November that the retail redevelopment of 54-60 rue du Faubourg St Honor茅, Paris, is progressing ...
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PropertyEU Archive
Quintain strengthens fund management team
Quintain Estates & Development has appointed two new fund managers, in line with its strategic objective of doubling funds under management to 拢2 bn (EUR 2.4 bn) by March 2013. Scott Wilson has been appointed as fund manager focussing on new business opportunities and Michael Donnelly has joined as fund ...
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PropertyEU Archive
ICSC seminar told: watch out for silver-grey tsunami
Shopping centre developers and owners need to take heed of the silver-grey tsunami set to wash over Europe in the next decade, Jesper Bo Jensen, Futurist and CEO of Denmark-based Fremforsk, warned at the European Research Seminar of the International Council of Shopping Centers (ICSC) in Amsterdam in early November.
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PropertyEU Archive
Aerium launches EUR 100m French retail fund
Aerium, a pan-European real estate fund management group, has announced the launch of Aerium Vendome I Fund to invest in prime retail real estate opportunities in France. Aerium is aiming to raise equity of EUR 50-60 mln for the vehicle which, with gearing, will provide it with some EUR 100-120 ...
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PropertyEU Archive
Apollo acquires EUR 2.2b CPI platform
New York-based Apollo Global Real Estate Management (AGRE) has completed the acquisition of Citi Property Investors (CPI), Citigroup's real estate investment management arm.
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PropertyEU Archive
IVG sees 'normalised' year in 2011
IVG Immobilien, Germany's largest listed commercial real estate company, reported a consolidated net profit of EUR 18.3 mln in the third quarter compared to a loss of EUR 2.2 mln in the year-earlier period. Revenue was down, however, at EUR 136 mln from EUR 144.7 mln a year ago.
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PropertyEU Archive
HIH buys Stuttgart building for EUR 34m
German asset manager Hamburgische Immobilien Handlung (HIH) has acquired the Humboldt-Carr茅 office building in Leinfelden-Echterdingen, in the Stuttgart region of Germany for EUR 34 mln. The acquisition is earmarked for a special fund issued by Warburg-Henderson.
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PropertyEU Archive
Insurance firms to revise RE allocation, survey finds
Some 75% of European insurance companies will revise their real estate commitments due to the Solvency II directive, according to the findings of a survey conducted by fund tracking firm Preqin.
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PropertyEU Archive
Alstria first German company to publish sustainability report
Hamburg-based Alstria office REI, an internally managed Real Estate Investment Trust (REIT), has published its first sustainability report. The report compiles CSR (corporate social responsibility) data for 2007 to 2009 and testifies to Alstria麓s holistic business approach in terms of economical, environmental and social aspects, the company said in a ...
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PropertyEU Archive
FHH launches new fund to buy Bonn office building
German closed-end fund manager Fondshaus Hamburg (FHH) said that it is launching the FHH Immobilien 8 fund to acquire an office building in Bonn from project developer Lang & Cie. The fund has an investment volume of EUR 27 mln and will target an annual return of 5.5%.
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PropertyEU Archive
CDS, Multi close to receiving permit for Rome mixed-use project
Italian retail developer CDS and European shopping centre specialist Multi Corporation have signed a planning agreement with Rome City Council for the construction of the Forum Valle Aurelia mixed-use project.
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PropertyEU Archive
Immofinanz opens new retail parks in Czech Republic, Slovakia
Austrian real estate developer Immofinanz said that it is expanding its Stop Shop speciality shopping centre portfolio with new openings in the Czech Republic and Slovakia.
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PropertyEU Archive
Sonae Sierra sells LeiriaShopping to Sierra Portugal Fund
Portuguese shopping centre specialist Sonae Sierra has sold its LeiriaShopping complex in Portugal to its Sierra Portugal Fund for EUR 92 mln. Following the transaction, Sonae Sierra's interest in SPF has increased to approximately 47.5%.
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PropertyEU Archive
FdR's revenues up 1.2% so far this year
French office-focused real estate group Fonciere des Regions (FdR) has seen its rental revenues rise by 1.2% on a like-for-like basis to over EUR 391 mln in the first three quarters of the year. Letting activity in the past quarter was 'sustained', with a number of new leases being signed, ...
