All PropertyEU Archive articles 鈥� Page 1873
-
PropertyEU Archive
Pirelli RE launches two new funds in Italy
Pirelli RE's SGR asset management unit has announced the launch of two new real estate funds, Anastasia and Monteverdi, with a combined market value of over EUR 400 mln. Pirelli RE said that the new launches, taking its total assets to some EUR 6.3 bn, 'consolidate its leadership in Italy's ...
-
PropertyEU Archive
BL, Blackstone sign 65,000m[sup]2[/sup] Broadgate lease with UBS
British Land and Blackstone Group have announced that Bluebutton Properties, their joint venture company, has signed a leasing agreement with Swiss bank UBS for the development of a new 拢340 mln (EUR 411 mln) building on the Broadgate Estate in London.
-
PropertyEU Archive
Fundraising falls to lowest level since 2004: Preqin
The fundraising environment remains extremely competitive for private equity real estate funds as the recovery many predicted is yet to occur, according to fund tracking firm Preqin.
-
PropertyEU Archive
Henderson sells 25% stake in the Brewery to Prupim
Henderson Global Investors has completed the sale of a 25% stake in the Brewery in Romford to Prupim for 拢44.25 mln (EUR 53 mln) on behalf of the 拢1 bn Henderson Retail Warehouse Fund. The price reflects a net initial yield of 6.06% for Prupim.
-
PropertyEU Archive
Corio places EUR 250m bond issue in second bid
Amsterdam-listed real estate firm Corio has announced that it is to place EUR 250 mln of bonds with a single foreign institutional investor just three weeks after the firm scrapped a planned Eurobond issue due to an 'unfavourable market climate'.
-
PropertyEU Archive
Benson Elliot, Algonquin buy Novotel in Edinburgh
Benson Elliot Capital Management and Algonquin have completed the joint acquisition of the Novotel Edinburgh Park, Edinburgh. The hotel was acquired from administrators KPMG. The financial details were not disclosed.
-
PropertyEU Archive
Atrium appoints chief investment officer
Vienna and Euronext-listed Atrium European Real Estate has announced the appointment of J枚rg Banzhaf as chief investment officer. Banzhaf will be responsible for the management and co-ordination of Atrium鈥檚 planned investment programme.
-
PropertyEU Archive
Conwert takes control of Eco Business
Vienna-listed residential property firm Conwert Immobilien Invest SE has announced that it now owns just over 87% of Austrian commercial real estate firm Eco Business-Immobilien after the majority of Eco shareholders accepted its takeover offer. The competition authorities in Germany and Austria, where Eco Business owns properties, have already approved ...
-
PropertyEU Archive
Europa Capital buys Renault centre in Paris
Europa Capital, the general partner of Europa Fund III, has announced a new transaction days after it took part in the EUR 364 mln consortium acquisition of a portfolio of five office buildings and 153 bank branches in Spain from BBVA bank.
-
PropertyEU Archive
UK mall yield get boost in Q2: C&W
Shopping centre stock has been relatively limited in the second quarter of 2010, with yields for prime assets improving to 5.5% over the quarter. Yields for smaller and more secondary assets have remained relatively static with vacancy rates and falling rents continuing to suppress value, according to property consultant Cushman ...
-
PropertyEU Archive
RREEF consortium acquires second BBVA portfolio for EUR 364m
A consortium of Deutsche Bank's RREEF Europe, Area Property Partners and Europa Capital has announced that it has completed the EUR 364 mln acquisition of a second portfolio of Spanish property assets owned by Banco Bilbao Vizcaya Argentaria (BBVA). The investment volume reflects an initial yield of 6.5%.
-
PropertyEU Archive
Carlyle enters UK residential market with EUR 48m buy
The Carlyle Group has entered the UK residential market with a 拢40 mln (EUR 48 mln) acquisition of a prime development site in the heart of Chelsea, in a 50:50 joint venture with the Athos Group.
-
PropertyEU Archive
Returns stabilising in Irish market: CBRE
There are signs of stabilisation starting to emerge in the investment sector of the Irish commercial property market following the most significant downturn ever experienced, the Dublin office of CB Richard Ellis has said in a new report.
-
PropertyEU Archive
Investors re-evaluate strategy as UK core funds outperform: Preqin
Private equity real estate investors are re-examining their strategy and leaning towards the core segment following the poor performance of many of their investments and the rebound in one-year median returns for UK core funds.
-
PropertyEU Archive
More positive signals for European office markets: JLL
Positive signs increased in the office markets during the second quarter of 2010 even though austerity measures and concerns surrounding sovereign debt in European economies triggered a new wave of economic uncertainty and volatility in financial markets, according to Jones Lang LaSalle's latest European Property Clock.
-
PropertyEU Archive
Henderson launches German Retail Income Fund
Henderson Global Investors has launched the German Retail Income Fund (GRIF), a specialist property fund aimed at German institutional investors. The fund will focus exclusively on German retail parks and self-service department stores. Investment criteria is for core property, serving large catchment areas, having been recently renovated and let to ...
-
PropertyEU Archive
Internos leases 12,000m[sup]2[/sup] space in the Netherlands
Internos Real Investors said that it has leased 12,000 m[sup]2[/sup] of logistic space at Ridderhaven Industrial Estate on behalf of the HBI fund to Boon Sliedrecht for a 10-year term. The MCD supermarket supplier has increased the amount of space it occupies at the site by 5,000 m[sup]2[/sup].
-
PropertyEU Archive
Unibail-Rodamco to return EUR 1.8 bn to shareholders
Unibail-Rodamco has unveiled a EUR 1.8 bn payout to its shareholders. Announcing its results for the first six months of 2010, the largest listed real estate firm in Europe said a general meeting will be held in September to vote on a capital reimbursement of EUR 20 per share, distributable ...
-
PropertyEU Archive
EMEA investment to accelerate in H2: JLL Hotels
The first half of 2010 has demonstrated that the EMEA hotel investment market is starting to pick up, with growth expected to accelerate even more in the second half of the year, according to Jones Lang LaSalle Hotels.
-
PropertyEU Archive
Writedowns drag Pirelli RE to EUR 21m net loss
Pirelli Real Estate booked a net loss of just under EUR 21 mln for the first six months of this year larger due to property writedowns. The Italian firm said the writedowns came to EUR 18 mln.
