All PropertyEU Archive articles 鈥� Page 1863
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PropertyEU Archive
Rezidor to open City Centre hotel in Sochi
International hotel group Rezidor has teamed up with Russian developer Regional Hotel Chain (RHC) to construct a new 160-room hotel project in Sochi on Russia's Black Sea coast.
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PropertyEU Archive
Icade wins mandate to manage France's highest tower
French SIIC Icade said that it has been mandated to manage the landmark Tour First complex, offering over 80,000 m[sup]2[/sup] of office space in Paris' business district of La Defense. The scheme, which is being developed by Beacon Capital Partners' Beacon Capital Strategic Partners V fund, is set to become ...
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PropertyEU Archive
Italy's CDS to develop 45,000 m[sup]2[/sup] Salerno mall
Italian retail specialist CDS said on Thursday that it has started construction of Le Cotoniere shopping centre near Salerno, Southern Italy. The centre, with a development value of EUR 85 mln, is being financed by Unicredit.
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PropertyEU Archive
APG boosts allocation to real estate
APG, the asset management vehicle of Dutch pension fund giant APG, plans to boost its allocation to real estate from 8% to 9% over the next three years. Based on a portfolio of over EUR 20 bn, that translates into an investment of some EUR 2-2.5 bn.
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PropertyEU Archive
Catella establishes Amplion in Sweden
Catella's asset management division Amplion has established a new business unit in Sweden. Amplion has teamed up with three experienced real estate professionals Greger Hedlund, Magnus Edlund and 脰rjan Johansson, who will become partners in the new company.
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PropertyEU Archive
Eight firms win gold in Epra annual report survey
Major UK companies dominate this year's edition of the European Public Real Estate (Epra) awards with British Land, Land Securities, Hammerson, Segro and Great Portland Estates all winning gold awards. The other gold winners were Finland's Citycon and Netherlands-listed funds Vastned Office/Industrial and Vastned Retail.
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PropertyEU Archive
ING REIM appoints Bruno Cohen as CIO France
ING Real Estate Investment Management (ING REIM) has appointed Bruno Cohen as chief investment officer (CIO) France. From its Paris office manheaded by Silvio Estienne, ING REIM France manages a portfolio of real estate assets in the retail, offices, residential and logistic sectors with a total value of approximately EUR ...
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PropertyEU Archive
Germany will become major source of property IPOs: Epra
Germany is likely to be a 'future major source' of real estate IPOs, the European Public Real Estate Association's annual conference in Amsterdam heard on Thursday.
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PropertyEU Archive
European listed firms 'reactive' in capital budget decisions
Many European real estate listed property companies appear to be more reactive than strategic in their major capital budget decisions when acquiring investment properties and undertaking development projects, the annual conference of the European Public Real Estate Association (EPRA) has heard.
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PropertyEU Archive
Epra pushes for common sustainability reporting standards
The European Public Real Estate Association (Epra) has launched a new drive to establish common standards in sustainability reporting for listed real estate companies across Europe.
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PropertyEU Archive
Westimmo sees 19% decrease in H1 pre-tax earnings
German real estate financier Westimmo booked pre-tax earnings of EUR 35.5 mln, down 19.5% on earnings of EU$ 44 mln for the same period last year.
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PropertyEU Archive
MPGA acquires portfolio of 140 properties from Aldi
MGPA, the private equity real estate investment advisory company, announced on Wednesday that it has exchanged contracts to acquire a portfolio of 140 properties in a sale-and leaseback transaction from German retail discounter Aldi.
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PropertyEU Archive
Credit Suisse AM buys new Endemol HQ in Amsterdam for EUR 65m
Credit Suisse Asset Management has acquired the Medi-Arena office complex in the south-east of Amsterdam for one of its funds. The investment volume for the 19,500-m[sup]2[/sup] property and a 480 parking garage comes to EUR 65 mln.
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PropertyEU Archive
DEAL ANALYSIS: large hotel deals lift market
News of the pending sale of Norgani Hotels for just over EUR 1 bn follows signs that investor jitters have persisted over the summer. Jones Lang LaSalle, for instance, warned at end-July that investors now seem more hesitant in Europe due to concerns about sovereign debt and austerity packages.
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PropertyEU Archive
APG sets sights on real estate debt opportunities
APG Asset Management, the investment vehicle of EUR 200 bn Dutch pension fund ABP, has its sights on real estate related debt opportunities. But such debt opportunities are limited in Europe, APG's global head of real estate investment Patrick Kanters told PropertyEU in an interview.
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PropertyEU Archive
Inrev director seconded to Asian fund association
Inrev's Andrea Carpenter is to join sister organisation Anrev, the Asian Association for Investors in Non-Listed Real Estate Vehicles on a three-month secondment.
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PropertyEU Archive
Rush to expand C&W retail asset management in UK
Cushman & Wakefield has appointed Anne Rush as Partner in its expanding retail asset management team. Her role will be focused on the strategic development of the firm's asset management service line across the UK.
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PropertyEU Archive
Borletti Group's bid for Karstadt fails
Italian firm Borletti Group, the owner of Italy's La Rinascente and France's Printemps department stores, has failed in its attempt to acquire insolvent German retailer Karstadt.
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PropertyEU Archive
ING Group keeps real estate finance unit on board
ING Group remains committed to its dedicated property finance unit, Rudolf Molkenboer, global head of ING Real Estate Finance said in an interview with PropertyEU Magazine. 'In January 2010, we took the decision to start integrating ING REF into ING Bank. We want to bring it more into the banking ...
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PropertyEU Archive
Investors eye SIIC stake sell-offs in France
Investors are poised to pounce on more than EUR 550 mln in sales of shares in five French real estate investment trusts, known as SIICs. Majority owners in five SIICS are obliged to sell shares before the end of the year to avoid the companies' losing their tax-transparent status.
