All PropertyEU Archive articles 鈥� Page 1872
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PropertyEU Archive
RBS sells 318 bank branches to Santander
The Royal Bank of Scotland (RBS) is selling 318 branches and associated assets to Santander UK for a total of 拢1.65 bn (EUR 1.9 bn). RBS said in a statement on Wednesday the sale reflects a 拢350 mln premium to net assets. The transaction is expected to be completed by ...
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PropertyEU Archive
Commerz Real buys office property in Helsinki for EUR 41m
Commerz Real has acquired the Lintulahti Office Building in Helsinki on behalf of its hausInvest europa open-ended real estate fund for a total investment of EUR 41 mln. The vendor is Swedish construction and development firm Skanska.
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PropertyEU Archive
Germans upbeat about real estate: King Sturge
Sentiment in Germany's real estate industry is surging in the wake of upbeat data on the national economy, property advisor King Sturge has reported.
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PropertyEU Archive
London & Stamford prepares to become REIT
AIM-listed Guernsey closed-ended investment firm London & Stamford Property (LSP) has announced plans to move its listing to the main board of London Stock Exchange and to convert to a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
CEE office market turns the corner, says CBRE
Central and Eastern Europe (CEE) office investment turnover totalled over EUR 760 mln in the first half of 2010, a 310% increase on the EUR 185 mln recorded in H1 2009. The figures confirm views that the CEE office market has turned the corner, CB Richard Ellis said in a ...
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PropertyEU Archive
Five leave JLL in the Netherlands
Jones Lang LaSalle has announced that Martijn Smits and Sander van Winterswijk are to take charge of the Agency Team Amsterdam from 1 September. The pair are replacing the current team leaders Tammo Donker and Dennis Storms who are leaving the company at the end of August.
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PropertyEU Archive
HB Reavis set to develop 20,000 m[sup]2[/sup] building in Prague
Slovak property developer HB Reavis has acquired a plot of land in central Prague to develop a new office building. In a statement, the company said that it has acquired the River Garden Office West project in the Karl铆n business area of Prague and intends to develop an eight-storey office ...
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PropertyEU Archive
Beni Stabili signs EUR 15m lease for Garibaldi complex
Italian real estate firm Beni Stabili has signed a lease contract on the entire Garibaldi complex in Milan with Tecnimont, the main operating company of the international engineering and construction group Maire Tecnimont.
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PropertyEU Archive
Hammerson jv buys London office from Union Investment for EUR 211m
UK REIT Hammerson has established a joint venture with the Canada Pension Plan Investment Board (CPPIB) to acquire a prime office property in the City of London. The investment volume is 拢175 mln (EUR 211 mln), plus 拢8 mln in costs.
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PropertyEU Archive
Azora Group buys Avatar building from Echo Investment
Spanish private equity group Azora International is buying the Avatar office building in the Polish city of Krak贸w from Warsaw-listed developer Echo Investment for PLN 121.66 mln (about EUR 30 mln). The newly built nine-storey office facility is located on Armii Krajowej street and is the Krak贸w鈥檚 office of the ...
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PropertyEU Archive
BNP Paribas sells retail complex in Rome
The Italian property fund management unit of BNP Paribas REIM has divested a retail complex in the Laurentina district of Rome for roughly EUR 25 mln and is currently seeking investors for a central office building in the Italian capital.
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PropertyEU Archive
Partners Group wins mandate from Korea Investment Corporation
Partners Group, the Swiss private markets investment manager, has been awarded a mandate by the sovereign wealth fund Korea Investment Corporation (KIC) to invest in a broad range of real estate products. According to the company, 'the property market offers attractive opportunities following recent market dislocations'.
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PropertyEU Archive
Doughty Hanson to develop Velodrome mall in Marseille
European fund manager Doughty Hanson & Co Real Estate has unveiled plans to finance the development of a new shopping mall adjacent to the Velodrome stadium in the southern port city of Marseille. The project will be carried out by Bouygues' GFC construction unit within the framework of its Public ...
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PropertyEU Archive
UK yields and rents 'heading for the doldrums': IPD
UK property yields and rents appear to be heading for the doldrums as the influences driving capital movements plateau, delegates at the IPD/IPF/PDIG Quarterly Q2 Briefing learned on Wednesday.
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PropertyEU Archive
DTZ sees uneven recovery in investment volumes in Q2
Direct real estate investment across Europe totalled EUR 21.4 bn in Q2 2010, marking an 11% increase on the EUR 19.3 bn recorded in Q1 2010 and continuing the growth in the market since its low point in early 2009, according to global real estate adviser DTZ in its ...
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PropertyEU Archive
All-property returns in UK slow in Q2: JLL
All-property total returns in the UK slowed to 3.6% in Q2 against 6.2% in the previous quarter, according to the latest Jones Lang LaSalle Quarterly Index. Capital value growth decreased to 2%, as the pace of yield compression continued to diminish.
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PropertyEU Archive
MRM Invest sells Nanterre building for EUR 50m
French listed property firm MRM Invest has announced the sale of the Crysalis office building in Nanterre for nearly EUR 50 mln. The company, which focuses on retail and office property, said that the sale is part of its disposal strategy.The firms has sold off over EUR 120 mln worth ...
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PropertyEU Archive
European listed sector books 7.8% return in July: GPR
European listed real estate won ground in July and booked value growth of 7.8% in the GPR 250 Europe Index.
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PropertyEU Archive
Ex-Morgan Stanley trio get backing for new business
Guernsey closed-ended investment company TFG has entered into an agreement with ex-Morgan Stanley executives John Carrafiell, Sonny Kalsi and Fred Schmidt, to invest in their newly created real estate venture, GreenOak Real Estate.
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PropertyEU Archive
Eurazeo in exclusive talks with Carlyle to sell B&B hotel portfolio
French listed investment group Eurazeo said that it has entered into 'exclusive negotiations' with Carlyle to sell its B&B Hotel portfolio, valued at around EUR 485 mln. The company said that the talks will continue until the end of this week and could be extended if certain conditions with regard ...
