All PropertyEU Archive articles 鈥� Page 1852
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PropertyEU Archive
Catella upbeat after 鈥榙isappointing鈥� 2009
Catella Property Group saw investment transaction volumes plunge 78% in 2009 to EUR 2.16 bn from EUR 10 bn the previous year. The decline - the second-biggest recorded by PropertyEU in its annual survey of Europe鈥檚 leading brokers - puts the Swedish group in eighth place this year compared ...
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PropertyEU Archive
Pirellli's Tecla fund sells two assets for EUR 22m
Tecla Fondo Uffici, a listed closed-end investment fund managed by Pirelli RE SGR, said that it has sold two office buildings in the Northern Italian cities of Bergamo and Milan for a total of EUR 22 mln. The transactions generate a gross capital gain of over EUR 3 mln for ...
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PropertyEU Archive
MSREF VII, Redos acquire 23 retail assets in Bavaria
Morgan Stanley Real Estate Fund VII Global (MSREF VII) and Redos Real Estate announced on Friday that they have jointly acquired a portfolio of 23 retail properties mostly in Bavaria from a group of private investors. Terms of the acquisition were not disclosed.
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PropertyEU Archive
L&S becomes a REIT, sells retail park for 40% premium
UK listed opportunistic fund London & Stamford converted to UK real estate investment trust (REIT) status on Friday and announced the sale of a retail park for 拢40 mln more than the firm paid for it 15 months ago.
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PropertyEU Archive
BNP Paribas RE buys AEW's property management business
BNP Paribas Real Estate has strengthened its international property management business through the acquisition of the property management subsidiaries of AEW in Central Europe (PBW Polska, PBW Hungary and PBW Czech Republic), cementing its European leadership and activity in Central Europe. Financial terms were not disclosed.
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PropertyEU Archive
Brokers back on hiring trail
Europe鈥檚 leading real estate advisers are back on the recruitment trail after seeing staff numbers drop by as much as 17% in 2009.
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PropertyEU Archive
EPRA chairman sees growth in bond lending
Corporate bond lending in the listed real estate will develop further in the coming years, according to Guillaume Poitrinal, chairman of the European Public Real Estate
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PropertyEU Archive
Sonae Sierra chief sets sights on Germany
Portuguese shopping centre specialist Sonae Sierra is actively scouring the German market for development and refurbishment opportunities, CEO Fernando Guedes de
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PropertyEU Archive
Valad renews TAP investment management contract
Valad Europe, the pan-European real estate investment manager, has announced that The Conygar Investment Company has renewed Valad's investment management contract for The Advantage Property Income Trust (TAP) for a further three years.
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PropertyEU Archive
Corestate opens office in London
Corestate鈥�, a specialist private equity real estate investor focussed on Germany, has announced the opening of its first UK office at 21 Bruton Street, London, bringing the Group鈥檚 total European network of offices to four.
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PropertyEU Archive
Eurohypo finances Rockspring's mall portfolio deal
Eurohypo, Europe鈥檚 leading commercial real estate lender, has provided 拢68 mln (EUR 78 mln) in financing to Rockspring for the purchase of four regionally located shopping centres. The properties have been sold from Capital and Regional鈥檚 Mall Fund and are located in Gloucester, Southampton, Romford and Falkirk.
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PropertyEU Archive
PropertyEU live at EXPO REAL
PropertyEU's editorial team will be on the ground at the EXPO REAL international trade fair in Munich this week, interviewing industry leaders and covering the conference programme.
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PropertyEU Archive
Echo secures EUR 17m loan from Nordea Bank Polska
Echo Investment has concluded a loan agreement with Nordea Bank Polska with a value of EUR 17 mln. The acquired funds will be used to refinance and finance construction costs of the Oxygen office building in Szczecin.
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PropertyEU Archive
Phase 2 opens at Veneto Designer Outlet
McArthurGlen, Europe's leading developer, owner and manager of designer outlets, has opened the second phase of its Veneto Designer Outlet, in Noventa di Piave (VE). The opening marks the addition of further 7,600 m[sup]2[/sup] of retail space to the centre.
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PropertyEU Archive
Quantum buys Hamburg apartments for EUR 45m
Hamburg-based real estate company Quantum Immobilien has acquired an apartment building in the city for EUR 45 mln. The vendor is Neuer Steinweg, a joint venture between Deutsche Immobilien and Hamburg Team. The property comprises 136 apartments and a retail component over 12,750 m[sup]2[/sup].
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PropertyEU Archive
Deka acquires NY office building for EUR 95m
Deka Immobilien has acquired an office building in New York鈥檚 Midtown Manhattan for approximately EUR 95 mln. The property located at 19 West 44th Street was acquired for the Deka-ImmobilienGlobal open-ended mutual property fund. It was sold by the property company SL Green Realty Corp.
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PropertyEU Archive
Redevco acquires prime retail asset in Budapest
Redevco has purchased a prime retail property in the heart of Budapest's city centre from ING Real Estate Development for EUR 44 mln. The 6,250-m[sup]2[/sup] property is located at 1 V枚r枚smarty Square, the main square in the city's prime retail district.
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PropertyEU Archive
Goodman gets green light for Birmingham business park
Global property group Goodman has secured planning consent to broaden the scope of a future new development at its Birmingham Business Park. The park, which currently comprises 149,000 m[sup]2[/sup] of prime office space and provides accomodation for a range of companies including Orange, Beiersdorf and Fujitsu, has 14 hectares of ...
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PropertyEU Archive
Hammerson completes sale of Exchange Tower
UK REIT Hammerson has completed the disposal of Exchange Tower, Harbour Exchange, in London's Docklands for 拢134 mln (EUR 155 mln). MPGA, the private equity real estate investment advisory company, exchanged contracts with Hammerson in June to acquire the 45,000-m[sup]2[/sup] office tower on behalf of MGPA Europe Fund III. The ...
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PropertyEU Archive
Savills launches corporate finance team in Frankfurt
International property advisor Savills has announced the launch of a new corporate finance team in Frankfurt. The office begins operating today (1 October) 2010 through the transfer of existing director Christian Glock MRICS and associate director Dr Simon Kempf from its Berlin office.
