All PropertyEU Archive articles 鈥� Page 1869
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PropertyEU Archive
Immofinanz to get 55 million shares in settlement with Constantia
Austrian real estate group Immofinanz will receive 55 million of its own shares under revised terms of a previously-agreed settlement with its former affiliate Constantia Packaging regarding the restructuring of a EUR 512 mln bond.
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PropertyEU Archive
Hypo RE to move toxic assets into bad bank by year-end
Nationalised German lender Hypo Real Estate said last week that it hopes to complete the planned move of around EUR 210 bn of toxic assets into a 'bad bank' during the fourth quarter of the year. In a statement announcing its Q2 financial results, the Munich-based bank also said that ...
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PropertyEU Archive
Tishman Speyer sells mixed-use building in Stuttgart
US developer and investor Tishman Speyer has sold an office building in central Stuttgart, Southern Germany to Hamburgische Immobilien Handlung (HIH) for a price ranging between EUR 65 - 68 mln. HIH brokered the deal on behalf of a special fund of Warburg - Henderson KAG.
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PropertyEU Archive
Credit Suisse extends freeze on Euroreal open-ended fund
Credit Suisse Asset Management said it is extending the suspension of withdrawals from its EUR 6.2 bn CS Euroreal open-ended investment fund 'to protect the interests of its long-term investors'. The suspension redemption will be initially prolonged 'for a further period of up to nine months', it added.
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PropertyEU Archive
UK market rises 15.4% year-on-year: IPD
The UK commercial property market has completed a full year of capital growth, with markets rising by 15.4% since last August, according to July鈥檚 IPD UK Monthly Index.
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PropertyEU Archive
Atrium seeks damages from Meinl
Atrium European Real Estate is suing Austria鈥檚 Meinl Bank, the bank鈥檚 supervisory board chairman Julius Meinl V, its chief executive, and former managers of Atrium for more than EUR 2bn in damages, the company announced in a press release.
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PropertyEU Archive
CEE undergoes uneven retail market recovery: CBRE
Retail investment activity in Central and Eastern Europe (CEE) totalled around EUR 630 mln in the first half (H1) of 2010, a 190% increase compared to the same period last year. CEE retail investment activity remained focussed on Central Europe in H1 2010, with Hungary, Poland, Romania and Russia accounting ...
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PropertyEU Archive
Court gives Karstadt investor more time to finalize takeover
Judges in Essen have extended the deadline for Nicolas Berggruen to finalize the takeover of the insolvent Karstadt department store chain until 3 September, due to ongoing negotiations with creditors. It is the third extension Berggruen Holdings has received.
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PropertyEU Archive
C&W team reaches summit of Kilimanjaro
A team of 13 Cushman & Wakefield (C&W) staff representing eight different countries where C&W operates, has succeeded in reaching the summit of Kilimanjaro, Africa in support of Schools Around The World. SATW is the firm's registered charity which helps young people whose opportunities are limited by their domestic, social ...
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PropertyEU Archive
Local investors shore up Czech market: DTZ
Investment volume in the Czech Republic increased by 233% in the first half of this year to EUR 215 mln from the same period last year, according to a report by adviser DTZ. Despite the strong growth, DTZ zaid activity was still sluggish in comparison with the period between 2005 ...
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PropertyEU Archive
GTC seals refinancing deal in Romania (RO)
GTC Romania, a subsidiary of Globe Trade Centre S.A. (GTC), has finalized a EUR 80 mln refinancing loan agreement with a consortium of banks including Alpha Bank Group, Bank of Cyprus and Eurobank EFG Group. The refinancing was on behalf of City Gate, GTC麓s office project in Bucharest.
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PropertyEU Archive
Demand rises in Dutch office market, says Savills
The Dutch office markets of Amsterdam, Rotterdam and Utrecht saw significant demand in H1 2010 with take-up rising 94% in Rotterdam to 89,000 m2, compared to the first half of 2009, Savills reported. The figure represents the highest increase recorded amongst the four largest Dutch agglomerations.
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PropertyEU Archive
LaSalle to target German-speaking investors
LaSalle Investment Management has announced plans to launch a German regulated investment company or KAG in a bid to gain wider appeal among German, Austrian and Swiss real estate investors.
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PropertyEU Archive
AMB boosts European leasing activity by 13,000m2
New York-listed AMB Property Corporation has boosted its leasing portfolio in Europe by 13,000 m[sup]2[/sup] since the start of this year. 'We are encouraged by the recent leasing activity,' said Mo Barzegar, AMB's managing director, Europe. 'Our customers continue to be cautious about making long-term decisions regarding the take-up of ...
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PropertyEU Archive
H&M takes 1,300m[sup]2[/sup] in Galeria Gniezno
Retail brands H&M, Top Secret, Butik and Kolporter have signed lease agreements in Galeria Gniezno in the Polish city of Gniezno for a total of 1,650 m[sup]2[/sup]. Occupying around 1,300 m2, the H&M store is the first in Gniezno.
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PropertyEU Archive
HGI outlet fund raises EUR 140m to expand in Europe
Henderson Global Investors (HGI) announced on Thursday that its EUR 1.4 bn European Outlet Mall Fund (EOMF) is seeking to expand its portfolio through investments in prime designer outlet centres in Continental Europe.
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PropertyEU Archive
Swiss pension fund in second UK acquisition
Swiss pension fund association Afiaa has made its second UK investment with the acquisition of Quartermile 2, a brand-new building in Edinburgh. 'AFIAA is systematically continuing its investment strategy of making anticyclical investments,' the company said.
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PropertyEU Archive
C&W appointed sole letting agent for London Bridge City estate
Cushman & Wakefield has been appointed as sole letting agent on the London Bridge City estate by owner St Martins Property Investments.
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PropertyEU Archive
Bronapur hires Aguirre Newman to market new Zaragoza mall
Spanish real estate developer Bronapur has mandated Aguirre Newman to market the retail space of the Puerta de Ayud shopping centre project in Calatayud, near Zaragoza, southern Spain. The development, which was designed by architectural firm L35, is being developed by Bronapur and will offer nearly 34,000 m[sup]2[/sup] of retail ...
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PropertyEU Archive
CBRE announces raft of senior appointments
CB Richard Ellis Group has announced that a large number of senior commercial real estate services professionals, mostly in production, have joined the company globally since May 2010. The appointments took place across the property advisor's business in Europe, the US and Asia.
