All PropertyEU Archive articles 鈥� Page 1868
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PropertyEU Archive
Atrium reports sharp swing back to profit in H1
CEE shopping centre specialist Atrium European Real Estate has reported a return to profit for the first half of 2010, largely due to a sharp upward revaluation of its properties. Pre-tax profits came in at EUR 104 mln, from a loss of EUR 325 mln in the same period a ...
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PropertyEU Archive
Deka shops in London with EUR 118m buy
Germany's Deka Immobilien has acquired the 14 Pier Walk office building in London from Greenwich Peninsula Regeneration, a joint venture between Lend Lease and Quintain. The transaction amounts to just over 拢97 mln (EUR 118 mln) .
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PropertyEU Archive
European hotel investment set to double in H2
Investment activity in the European hotel market is starting to pick up, and growth is expected to accelerate further in the second half of 2010, according a new research report issued by Jones Lang LaSalle Hotels.
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PropertyEU Archive
Eroski sells 21 retail units to Rockspring for EUR 45m
Spanish food retailer Eroski has completed its fourth disposal of the year, with the sale-and-leaseback of 21 neighbourhood grocery stores and stand-alone units to Rockspring Property Investment Managers (Rockspring), on behalf of a single-client account for around EUR 45 mln.
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PropertyEU Archive
Reis Group sells Paris building to Deka for EUR 75m
Germany's Deka Immobilien has acquired the fully-let Op茅ra Gramont office complex in the financial district of Paris from Reis Group, part of the Santander Real Estate Advisory programme for around EUR 75 mln. The property is earmarked for Deka's WestInvest ImmoValue open-ended mutual property fund, which is geared to institutional ...
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PropertyEU Archive
EPRA slams lease accounting proposals
EPRA, the European organisation for listed real estate companies, has pledged to oust proposals from the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), arguing they will substantially increase landlords' debt position, according to an article in Het Financiele Dagblad.
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PropertyEU Archive
Legal&General appoints new fund and asset managers
Legal & General Property (LGP) said on Tuesday that it has appointed Will Edwards as fund manager for its Linked Pensions Property Fund and Greg Westover as senior asset manager for its Linked Life Fund.
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PropertyEU Archive
Redevco names new country manager for the Netherlands
European retail property company Redevco said on Wednesday that it has appointed Clemens Brenninkmeijer to the position of country manager of the Netherlands, effective October 1, 2010. He is currently portfolio director at Redevco Turkey.
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PropertyEU Archive
European retail property investment up 15% in H1: CBRE
European retail real estate investment turnover amounted to EUR 15.7 bn in the first six months of 2010, a 15% increase on the EUR 13.6 bn reported in H2 2009, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Many UK markets over-priced according to DTZ's new index
Top-ranked London City offices and West End retail are two of just three hot markets in the UK, according to a new index launched by real estate adviser DTZ on Tuesday. But many UK commercial property markets are over-priced, the adviser warned. In Europe, Paris CBD offices rate as warm, ...
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PropertyEU Archive
Immofinanz back in the black after turnaround
Austrian real estate developer Immofinanz swung back to profit in the financial year ending April 30, from a loss of EUR 3.4 bn the previous year following writedowns on assets and development projects. Full-year pretax profit totalled EUR 208 mln, dented by a writedown in the fourth quarter to April ...
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PropertyEU Archive
Hamburg-based HIH launches first Belgian fund
Hamburgische Immobilien Handlung (HIH) said on Tuesday that it is bringing its first Belgian closed-end real estate fund to the market. The HIH Global Invest 2003 - Belgium investment vehicle, with a life term of 10 years, has already made its first acquisition with the purchase of an office property ...
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PropertyEU Archive
WP Carey finances Panattoni development in Poland
Investment firm WP Carey & Co. has announced that one of its publicly-held, non-traded REIT affiliates has provided build-to-suit financing that will fund 100% of the construction and related development costs for a logistics facility in Poznan, Poland, being developed by Panattoni Europe.
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PropertyEU Archive
Hammerson confirms talks with Korea's NPS to sell French mall
UK REIT Hammerson confirmed on Tuesday that it is 'in discussions' regarding the potential sale of 51% of its interest in the O'Parinor shopping centre, Aulnay-Sous-Bois, near Paris, to South Korea's National Pension Service (NPS). The stake is said to be worth around EUR 230 mln.
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PropertyEU Archive
Sveafastigheter, Leimdorfer expand Finnish operations
Swedish private equity firm Sveafastigheter has hired six new employees for its Helsinki office which opened in February this year.
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PropertyEU Archive
Invista REIM strengthens its industrial team
UK listed real estate fund manager Invista Real Estate Investment Management (Invista REIM) has announced the appointment of Tom Gamble and George Dickens to its industrial team as director and associate director respectively.
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PropertyEU Archive
IVG swings back to profit in H1 2010
Bonn-based IVG Immobilien swung back to profit in the first half of 2010 with operational results boosted by proceeds from project sales in the development segment. IVG, Germany's largest listed real estate company, said it booked a net profit of EUR 28 mln in the first six months of 2010, ...
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PropertyEU Archive
Cap & Reg closes sale of UK malls for 拢136m
Co-investing property asset manager Capital & Regional announced on Monday that the Mall fund has completed the sale of four shopping centres to clients of Rockspring Property Investment Managers at a price of 拢136 mln (EUR 165 mln), reflecting a net initial yield of 7.5%. The assets were sold at ...
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PropertyEU Archive
OVG sells Triton building to Allianz for EUR 200m
Dutch real estate developer OVG said on Monday that it has sold the Triton office building in Frankfurt to Germany's Allianz Real Estate for around EUR 200 mln. OVG brokered the transaction on behalf of IVG Institutional Funds.
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PropertyEU Archive
PEPR receives new EUR 50m loan
ProLogis European Properties (PEPR), a leading European owner of modern distribution facilities, has finalised a new EUR 50 mln, three-year, unsecured revolving credit facility jointly arranged by Deutsche Bank, Morgan Stanley Senior Funding and the Royal Bank of Scotland.
