All PropertyEU Archive articles 鈥� Page 1855
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PropertyEU Archive
RREEF acquires Frankfurt project for EUR 19m
RREEF Spezial Invest has acquired an office building at the Schwedler-Carr茅 centre in the German city of Frankfurt. The investment volume was EUR 19 mln. The 6,000-m[sup]2[/sup] property is being built by Max Baum Immobilien and completion is scheduled for late 2011.
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PropertyEU Archive
Niam buys Boultbee mall in Sweden for EUR 21m
Swedish private equity group Niam said that it has acquired the Lennart 17 retail property in V盲ster氓s, Central Sweden, from a Boultbee bankruptcy estate represented by consultancy group Ackordcentralen. The transaction price amounted to SEK 187 mln (EUR 21 mln). The operation is expected to be completed by November 1, ...
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PropertyEU Archive
Pandox acquires hotel in Stockholm for EUR 22m
Swedish hotel company Pandox has completed its second acquisition this month with the purchase of the Park Inn Solna hotel in the northern part of Stockholm. The property was acquired for EUR 22 mln from Franco-Dutch group Unibail-Rodamco.
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PropertyEU Archive
EBRD mulls EUR 37m financing to Montenegro hotel project
The European Bank for Reconstruction and Development (EBRD) said it is considering providing a EUR 37 mln long-term debt facility to Adriatic Properties to fund the redevelopment of a landmark tourist site into a prime hotel resort on Montenegro's coast.
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PropertyEU Archive
Santander plans EUR 584m reverse sale-and-leaseback: report
Spanish banking giant Santander intends to buy 拢500 mln (EUR 584 mln) of properties it uses in the UK, according to a report in Property Week. The publication said Santander is close to agreeing the purchase of hundreds of offices and bank branches owned by London-listed outsourcing specialist Mapeley.
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PropertyEU Archive
Metric adds Nottingham retail park to portfolio
UK specialist REIT Metric Property Investments has acquried Nottingham Road Retail Park, Mansfield, UK from private clients of CBRE Investors.
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PropertyEU Archive
Savills advises DekaBank on NY hotel loan
Savills has advised DekaBank Deutsche Girozentrale on the sale of its senior mezzanine loan on the W Hotel at Union Square in New York. The hotel was acquired by Host Hotels & Resorts. The transaction was the result of the owner, a Middle Eastern investor, defaulting on its loan.
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PropertyEU Archive
Parkridge begins work on Neptune Point in UK
UK developer Parkridge has started work on site at its EUR 59 mln project at Neptune Point, Harrow after securing funding from Standard Life. The residential accommodation has been pre-sold to Galliard Homes.
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PropertyEU Archive
Inaugural Inrev quarterly index sees non-listed funds return to growth
European non-listed real estate funds returned to positive territory for the first time since 2007, according to the inaugural quarterly index published on Friday by Inrev, the European association for the non-listed sector.
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PropertyEU Archive
JLL strengthens London valuation team
Jones Lang LaSalle has made several appointments to its London Valuation Advisory team. Charlotte Low and Ricky Tsang join as senior surveyors, Clarke Vallance as an analyst and Tom Walker as a surveyor.
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PropertyEU Archive
Soffin to move EUR 191b of Hypo assets to bad bank
German bank stabilisation fund Soffin has announced that it is to move EUR 191 bn of risky and non-strategic assets from nationalised real estate banking group Hypo Real Estate to a bad bank.
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PropertyEU Archive
Beos launches EUR 400m corporate fund
Berlin-based investor Beos said that it has raised a total of EUR 175 mln in equity for its newly launched Beos Corporate Real Estate Fund I. The vehicle has a target volume of EUR 400 mln, including debt.
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PropertyEU Archive
HIH acquires Frankfurt office for Warburg fund
German investment company Hamburgische Immobilienhandlung (HIH) has bought the Oper 46 property in Frankfurt. The 7,500 m[sup]2[/sup] office and retail property is to be contributed to the open-ended institutional fund Warburg-Henderson Deutschland Fonds Plus.
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PropertyEU Archive
Pension fund makes major acquisition in Stockholm
Swedish pension group AMF has purchased the CityCronan mixed-use complex in Stockholm's central business district (CBD) from Deka Immobilien. The price was not disclosed but it is believed to be in the region of EUR 300 mln.
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PropertyEU Archive
Latin America, Asia-Pacific lead retail rental growth: C&W
Most of the world鈥檚 top retail locations have remained resilient during the last 12 months, with Latin America and Asia-Pacific showing the most positive rental growth, according to Cushman & Wakefield.
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PropertyEU Archive
Simon Blake returns to CBRE
Simon Blake is to rejoin CB Richard Ellis (CBRE) in a new role as head of Capital Markets UK, spearheading the strategic direction of the division.
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PropertyEU Archive
Garigal to manage C & R German retail portfolio
Frankfurt-based Garigal Retail Immobilien has partnered with Capital & Regional and Area Property Partners to manage their German retail portfolio.
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PropertyEU Archive
Strong turnout expected for Corenet Global European Summit
Over 400 senior level attendees from 18 countries will be welcomed to London by Deputy Mayor Richard Barnes during the Corenet Global EMEA Summit being held on 27-29 September.
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PropertyEU Archive
Multi and Tesco open phase two of Forum Liberec
Retail development specialist Multi Development and retail chain Tesco opened the second phase of shopping and entertainment centre Forum Liberec in the Czech Republic.
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PropertyEU Archive
Morgan Stanley's P2 fund sells 4 properties for EUR 180m
Morgan Stanley's P2 fund has sold four properties for EUR 180 mln, thereby boosting the fund's liquidity before it lifts the ban on redemptions at the beginning of November.
