All PropertyEU Archive articles 鈥� Page 1834
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PropertyEU Archive
FPF plans EUR 100m bond issue to finance SNI deal
French SIIC Fonci猫re Paris France (FPF) said that it is planning to issue EUR 100 mln in bonds in a bid to finance the acquisition of the commercial property arm of Soci茅t茅 Nationale Immobili猫re (SNI), a unit of Caisse des d茅p么ts et consignations.
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PropertyEU Archive
Signa buys German stock exchange HQ for EUR 230m
D眉sseldorf-based Signa Property Funds has acquired the new headquarters of the German stock exchange in Eschborn near Frankfurt for approximately EUR 230 mln.
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PropertyEU Archive
Sonae Sierra boosts earnings in Q3
Portuguese shopping centre specialist Sonae Sierra saw net profit surge 116% to EUR 14.9 mln in Q3 2010 compared to the same period last year. The increase was mainly driven by a 42% rise in direct results following additions to the portfolio. These included LOOP5 in Germany and Manauara Shopping
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PropertyEU Archive
Corio's Bursa Anatolium opens with 90% occupancy rate
The Bursa Anatolium Shopping Center in Turkey, which is fully-owned by Dutch listed retail specialist Corio, opened this month with a 90% occupancy rate, according to a press release issued by the developer Maya. Corio acquired the 84,000 m[sup]2[/sup] mall in July for EUR 176 mln.
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PropertyEU Archive
Salans acted for RREEF in Polish acquisition
International law firm Salans has provided legal advice to German fund manager RREEF in relation to the recent acquisition of two office buildings in Warsaw. RREEF bought the Class A office buildings, Topaz and Nefryt, in the Mokot贸w district of Warsaw for EUR 80 mln.
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PropertyEU Archive
Fimit-First Atlantic merger deal to close by year-end
Merger talks between Italy's second largest real estate fund manager Fondi Immobiliari Italiani (Fimit) and peer First Atlantic Real Estate are progressing well, with the final agreement expected to be signed in the near future, First Atlantic Real Estate's CEO Daniel Buaron told PropertyEU this week.
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PropertyEU Archive
Real IS buys Rotterdam tower
German fund manager Real IS has bought the Toren op Zuid tower in Rotterdam. The financial details were not disclosed. The vendor was Commerz Real Investment.
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PropertyEU Archive
Federal states call for change of CEO at HSH Nordbank
The HSH Nordbank saga took another turn this week when the state governments for Hamburg and Schleswig-Holstein asked Hilmar Kopper, chairman of the supervisory board at the troubled Landesbank, to dismiss CEO Dirk Jens Nonnenmacher and to appoint a new chairman of the management board.
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PropertyEU Archive
Private equity players gain ground as retail investors
Private equity players have moved up the ranking of top retail investors in 2010 compiled by PropertyEU. While listed real estate companies and institutional investors have dominated the top retail deals in Europe since the outbreak of the financial crisis, this year investors representing wealthy families such as the Olayan ...
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PropertyEU Archive
Vornado bids for ING REIM before 1 December deadline - report
Vornado Realty Trust, one of the largest listed real estate companies in the US, has entered a bid to acquire ING Real Estate Investment Management (ING REIM), according to a report in The Wall Street Journal. ING REIM has EUR 71 bn of assets under management and is part of ...
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PropertyEU Archive
Berlin Hyp boosts lending by 35% to EUR 2.4b
German real estate financier Berlin Hyp has generated EUR 2.4 bn in new lending volume so far in 2010 compared to EUR 1.8 bn for the first nine months last year. The Berlin-based bank reported a pre-tax profit of EUR 57.9 mln compared to EUR 58.8 mln in the same ...
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PropertyEU Archive
ING Real Estate sees losses narrow to EUR 6m in Q3
ING Real Estate saw its pre-tax losses narrow to EUR 6 mln in the third quarter of 2010 compared to a EUR 309 mln pre-tax loss in the same period last year. The real estate arm of banking and insurance group ING booked a loss of EUR 4 mln in ...
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PropertyEU Archive
Peach Property seeks to raise EUR 40m from IPO
Swiss luxury property developer Peach Property Group aims to raise approximately CHF53.3 mln (EUR 40 mln) from its flotation on Thursday on the Main Standard of the Swiss stock exchange in Zurich. The proceeds will be used for new development projects in the German speaking countries of Switzerland, Germany and ...
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PropertyEU Archive
Norbert Kickum leaves Aareal Bank
Norbert Kickum has stepped down from Aareal Bank where he was responsible for the international property financing business. Kickum resigned from the management board and the bank with effect from end-October 2010.
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PropertyEU Archive
Privae equity firm acquires office in Stockholm CBD
Mengus Stockholm, represented by international real estate advisor Savills, has acquired the office leasehold property J盲rnpl氓ten 29 from NIAM Fund IV for an undisclosed sum.
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PropertyEU Archive
SEB Europe REI acquires office building in Glasgow
SEB Europe REI has added an office building in St. Vincent Street in Glasgow to its portfolio. The property is located in the Scottish city's central business district.
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PropertyEU Archive
Office vacancy declines across CEE markets, CBRE finds
Office occupier take-up in Central and Eastern Europe (CEE) increased by 21% in the first three quarters of 2010 compared to the same period of last year, bringing the region鈥檚 year-to-date office take-up close to 2 million m2, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
Hammerson submits application for major City scheme
UK REIT Hammerson has submitted a detailed application to the City of London for its office-led scheme London Wall Place, formerly known as the St Alphage site. The company expects to receive a response by Summer 2011. Under the plan, the existing podium and 1950s tower will be replaced by ...
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PropertyEU Archive
DIC Asset places first real estate fund
Frankfurt-listed DIC Asset has announced it raised more than 75% of the EUR 117 mln targeted for its DIC Office Balance I fund by end-September. Subscribers included institutional investors, predominantly pension funds, foundations, insurance companies and family offices, the company said at the announcement of its Q3 earnings this week.
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PropertyEU Archive
Union, SEB branch out to Glasgow offices
German real estate fund managers Union Investment and SEB both announced acquisitions of office properties in Glasgow this week.
