All PropertyEU Archive articles 鈥� Page 1859
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PropertyEU Archive
Invesco RE completes purchase of 5th hotel
Invesco Real Estate (IRE), the international cross-border property investment manager, announced on Tuesday that it has concluded the acquisition of the Novotel City Centre hotel in Munich, Germany. The investment volume in an off-market deal came to EUR 39 mln, with financing provided by Bayern LB.
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PropertyEU Archive
Cordea Savills appoints Mikael Wilhelmsson as asset manager
Cordea Savills, the international property fund manager, has appointed Mikael Wilhelmsson as asset manager for its Nordic Retail Fund. He will report to Hakan Blixt, director of investment, and will be based in Cordea Savills' Stockholm office.
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PropertyEU Archive
Monthly capital appreciation in UK slows to six-year low
Capital appreciation in UK commercial property markets eased in August to the shallowest monthly growth, at 0.1%, since the rebound began last summer, according to the IPD UK Monthly Index.
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PropertyEU Archive
INREV identifies barriers to sustainability progress
Sustainability is becoming an increasingly important factor in non-listed real estate investment decisions , but there are still considerable barriers to progress, according to a new report published by INREV. The Sustainability Report highlights key areas such as education and industry-standard metrics that need to be improved as well as ...
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PropertyEU Archive
Upturn in demand in EMEA office markets: JLL
Jones Lang LaSalle's Q3 EMEA Occupier Conditions research suggests that markets across EMEA are witnessing significant upturns in demand as occupiers seek to transact whilst market conditions are favourable.
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PropertyEU Archive
Prologis sees improvement in industrial sector
Investment flows into Europe's logistics property markets increased sharply during the first half of 2010, albeit with little impact on yields, according to a new report published by distribution facility specialist Prologis.
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PropertyEU Archive
NPS to spend further $1 bn on European property
European investment manager Rockspring Property Investment Managers has received a new $400 mln (EUR 311 mln) investment mandate from the National Pension Service of Korea (NPS) to search for opportunities across Europe.
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PropertyEU Archive
Yorkville in EUR 141m bid for Italy's Investietico
Italian listed investment company Yorkville BHN has launched a EUR 141 mln offer for real estate fund Investietico in a bid to expand its property holdings.
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PropertyEU Archive
Zech, Projektentwicklung to build EUR 300m Vodafone-Campus
German investor Zech Group and development company Projektentwicklung have signed an agreement with telecommunication company Vodafone for the construction and leasing of the Vodafone-Campus project in Dusseldorf. Zech Group is the main investor in the project, with Projektentwicklung carrying out the development work.
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PropertyEU Archive
GTC sells EUR 79m of Polish assets to RREEF fund
CEE listed real estate developer Globe Trade Centre (GTC) has completed the sale of two prime office buildings in the Polish capital for a total of EUR 79 mln to a fund managed by German investment manager RREEF Investment.
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PropertyEU Archive
Financi猫re Colbert to acquire 80% of Spain's Restaura
France's Financi猫re Colbert is acquiring an 80% interest in the Spanish real estate developer and investment management company Restaura from its founder, the Solano family.
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PropertyEU Archive
Dassault acquires Paris property for EUR 90m
French listed property company Immobiliere Dassault said it is buying a prime office building located at the corner of Champs Elys茅es and Rue Vernet in Paris for a total of EUR 90 mln, excluding taxes. The acquisition price reflects a yield of roughly 4%.
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PropertyEU Archive
Accor sells two hotels in Lille and Strasbourg
French hotel group Accor has disposed of a further two hotel properties in France with the sale of the Novotel Lille Englois and the Novotel Strasbourg Sud. The buyer is an undisclosed company of recent creation which has just completed a number of acquisitions in France. The companies agreed not ...
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PropertyEU Archive
Nick Cooper to chair new Aref investment committee
The Association of Real Estate Funds (Aref) in the UK announced on Monday that Nick Cooper is to chair a newly created investor committee. Cooper resigned as CEO of ING Real Estate Select last year and is now a principal at the Townsend Group.
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PropertyEU Archive
Corio included in the DJSI and ASPI
Amsterdam-listed retail property specialist Corio has announced it has been selected as an index component on a global level for the Dow Jones Sustainability Index (DJSI) and will be integrated in the ASPI Eurozone index (ASPI), in accordance with the ASPI Eurozone guidelines.
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PropertyEU Archive
Irish sell EU office in Brussels to developer
International real estate adviser Savills has completed the sale of the former offices of the Irish Permanent Representation to the European Union in the Leopold District of Brussels on behalf of the Irish Government for an undisclosed sum to Belgian developer Cobelfroi.
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PropertyEU Archive
Senior managers take control of Merrill Lynch's European funds
New private equity real estate firm Peakside Capital has acquired management control of Merrill Lynch's key European property funds and portfolio of assets.
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PropertyEU Archive
New European mall openings slow to 2005 level: C&W
The number of new shopping centre openings in Europe has slowed to the lowest rate since 2005, according to new research from Cushman & Wakefield. Just 2.1 million m[sup]2[/sup] of shopping centre gross lettable area (GLA) was added to the market in the first half of 2010. A total of ...
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PropertyEU Archive
UK development falls at fastest rate since June 2009
UK commercial development activity declined in August at the sharpest rate in 14 months, according to data compiled by property adviser Savills. The decline reflects a further steep fall in public sector development, alongside a decrease in private-sector activity for the first time since July 2009. Almost 28% of commercial ...
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PropertyEU Archive
Hypo gets EUR 40b more in state guarantees
Nationalised German real estate financier Hypo Real Estate has been granted a further EUR 40 bn in state guarantees to enable it to avoid any 'liquidity shortfalls'. The total maximum of the temporary guarantee facility provided to HRE, which operates Deutsche Pfandbriefbank, now amounts to up to EUR 142 bn.
