All PropertyEU Archive articles 鈥� Page 1866
-
PropertyEU Archive
Real I.S. purchases London office asset for EUR 63m
German fund manager Real I.S. announced on Wednesday that it has purchased an office building in midtown London for 拢52 mln (EUR 63 mln).
-
PropertyEU Archive
Westimmo provides EUR 74m financing for ECE mall in Hungary
Inner-city mall specialist ECE has agreed a EUR 74 mln loan facility with German financier WestImmo for the construction of 脕rk谩d Szeged shopping centre in the southern Hungarian city of Szeged.
-
PropertyEU Archive
European markets less attractive for global investors: DTZ
European property markets have become less attractive than other global markets in the past year due to strong yield compression and increased risk premiums in some markets combined with a sluggish rental growth outlook. That is one of the key findings of the European all-property DTZ Fair Value Index launched ...
-
PropertyEU Archive
AXA REIM invests in Swiss hotel project
AXA Real Estate Investment Managers (AXA REIM) started construction last week of the first Hilton Garden Inn hotel in Switzerland. The investor is planning to spend around CHF 50 mln (EUR 40 mln) to develop the hotel next to the conference centre in the city of Davos. Swiss construction group ...
-
PropertyEU Archive
Open-ended property funds reduce risk-return profile: BVI
Open-ended property funds reduce risk in portfolios of both private and institutional investors and improve the risk-return profile - despite lower returns, according to a report published on Wednesday by the BVI, which represents the German investment and asset management industry.
-
PropertyEU Archive
Ghelamco starts development of new Polish project
Belgian real estate developer Ghelamco has announced the start of construction for a new development project in Poland, following the sale of its Trinity Park III building to a fund managed by SEB Asset Management earlier this year.
-
PropertyEU Archive
Pandox JV to acquire Norgani Hotels for EUR 1bn
Oslo Properties, a 100% owned subsidiary of Norwegian Property (NPRO), has entered into a preliminary agreement to sell Norgani Hotels for NOK 8.3 bn (just over EUR 1 bn).
-
PropertyEU Archive
Massena's net profit falls 35% on REIT suspension
Fonciere Massena, the real estate investment arm of Groupe des Assurances du Cr茅dit Mutuel, saw its net profit drop by 35% in the first half of 2010, mostly reflecting higher taxes of EUR 7 mln.
-
PropertyEU Archive
AFI Development swings to loss
AFI Development, the Russian development arm of Africa-Israel Investments, swung to a net loss of $63 mln (EUR 50 mln) in the first half of 2010, following devaluations of its land bank and hotel property portfolio.
-
PropertyEU Archive
French developer Project buys sites in Berlin
French project developer and fund manager Project has acquired three development sites in the Berlin area. The investment, which has a total investment volume of nearly EUR 30 mln, is earmarked for the group's Project Real Equity Fonds 8, currently being placed with investors.
-
PropertyEU Archive
CBRE receives United Technologies mandate
CB Richard Ellis has been appointed real estate advisor for United Technologies Corporation's property portfolio in Europe, the Middle East, Africa (EMEA) and Russia.
-
PropertyEU Archive
Large opportunistic funds 'throw in the towel': Clerestory
Investment managers seeking to raise over $1 bn in equity capital for 'large-cap' opportunistic real estate fund strategies virtually disappeared off the map in the first half of 2010, according to the latest research from Clerestory Capital. Only one large-cap fund was represented among the 31 new non-listed funds aiming ...
-
PropertyEU Archive
FPF takes over SNI's commercial property unit
French SIIC Fonci猫re Paris France (FPF) has announced the signing of a preliminary agreement to acquire 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. The financial details were not disclosed.
-
PropertyEU Archive
Westimmo gets offers from national and international players
State-owned German bankWestLB has received three bids for its real estate lending unit Westdeutsche Immobilienbank, or Westimmo, according to WestLB spokesman Walter Hillebrand-Droste. 'The offers are from national and international investors. The management board will now take a close look at these offers,' he said, declining to provide further details.
-
PropertyEU Archive
Retail availability in UK falls below 10% for first time in 18 months
The average availability of retail units across Great Britain鈥檚 top streets was 9.8% at 1 August 2010, down from 11.1% in May, according to research by Cushman & Wakefield.
-
PropertyEU Archive
AEW, Mountgrange JV sells UK retail assets for EUR 19m
A joint venture vehicle managed by AEW Europe/Tristan Capital Partners and Mountgrange Investment Management has sold three high-street retail assets in the UK from a portfolio acquired in September 2008. The properties were sold to funds run by CBRE Investors for a total of 拢15.3 mln (almost EUR 19 mln).
-
PropertyEU Archive
UK Pooled property funds perform well in Q2
The Association of Real Estate Funds (AREF)'s Investment Quarterly (IQ) for Q2 2010 reveals a net asset value of 拢30.5 bn (EUR 37 bn) for UK unlisted pooled property funds (PPFs), up 拢9.5 bn on this time last year.
-
PropertyEU Archive
Redevco acquires Jersey retail property for EUR 23m
LaSalle Investment Management announced on Monday that it has sold Queensway House, Jersey, for 拢19 mln (EUR 23 mln) to the UK subsidiary of leading Dutch property company Redevco.
-
PropertyEU Archive
Predica, FdM buy 48 Accor hotels for EUR 367m
A joint venture of Cr茅dit Agricole Assurances' Predica unit and Fonci猫re des Murs (FdM) has signed an agreement with French hotel operator Accor group to acquire a portfolio of 48 hotels spread across France, Belgium and Germany. The transaction price amounts to EUR 367 mln, reflecting a yield of 6.6%.
-
PropertyEU Archive
JLL appoints Pehrsson to head asset management in Sweden
Jones Lang LaSalle Sweden has announced the recruitment of H氓kan Pehrsson as head of asset management and Retail for Sweden, with an additional overview of those areas for the other countries of the Nordic Region.
