All PropertyEU Archive articles 鈥� Page 1882
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PropertyEU Archive
Alvarez & Marsal launches European property advisory business
Alvarez & Marsal, an independent global professional services firm, has launched a real estate advisory business in Europe and named Scott Morey as managing director and the head of the practice. Morey was formerly chief operating officer and chief financial officer of one of the largest mixed use and residential ...
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PropertyEU Archive
Nadine Castagna leaves Mipim organisation
Events organiser Reed Midem has announced that Nadine Castagna, director of Mipim, Mipim Horizons and Mipim Asia, is leaving the company. Her last day with Mipim was 30 June.
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PropertyEU Archive
Protego rebrands as Cornerstone
Protego, the UK and Continental European real estate investment management company, has changed its name to Cornerstone. The move follows the completion of the acquisition of Protego by Cornerstone Real Estate Advisers, a wholly owned subsidiary of the Massachusetts Mutual Life Insurance Company (MassMutual), in January this year.
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PropertyEU Archive
Minerva, Northacre sells 11 exclusive apartments for EUR 132m
Joint venture partners Minerva and Northacre have announced that they have exchanged contracts with unnamed parties to sell 11 apartments in an exclusive residential project overlooking Hyde Park in London for a total of 拢107.5 mln (EUR 132 mln).
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PropertyEU Archive
Hermitage signs agreement for EUR 2b tower at La Defense
Hermitage, the French property arm of Russian group Stroimontage, has signed a preliminary agreement with municipal authorities to build two 320-metre skyscrapers, called Hermitage Plaza, in the La Defense business district on the outskirts of Paris. Hermitage intends to apply for the final building permits by end-July.
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PropertyEU Archive
SEB fund acquires Munich store for EUR 20m
SEB Asset Management has increased the number of German properties in its global open-ended SEB ImmoPortfolio Target Return fund to 13 of the total 45 following the acquisition of a commercial property with a long-term lease. The total investment costs are EUR 20.4 mln.
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PropertyEU Archive
UFG Rem buys from UBS for EUR 42m
French fund manager UFG Rem has acquired office building Le Confluent in Maisons-Alfort near Paris from one of UBS Global Real Estate's investment funds. The acquisition price amounts to around EUR 42 mln.
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PropertyEU Archive
Sj忙ls酶 sells residential project to PKA for EUR 43m
Danish listed property group Sj忙ls酶 has signed an agreement to sell over 100 apartments to PKA, an administration company for Danish pension funds, for DKK 325 mln (EUR 43 mln).
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PropertyEU Archive
HSH Nordbank places EUR 500m public-sector Pfandbrief
HSH Nordbank has re-entered the public capital markets by placing a EUR 500 mln public-sector Pfandbrief with a term of three years and a coupon of 1.75%. The reoffer price was fixed at 99.904%. This equals a reoffer spread of 20 basis points above mid-swaps.
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PropertyEU Archive
Raven Russia to move from AIM to LSE main board
Warehouse specialist Raven Russia plans to move the listing of its shares and warrants from the Alternative Investment Market (AIM) to the Official List of London Stock Exchange.
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PropertyEU Archive
Altarea Cogedim invests in Paris and Marseille
French retail specialist Altarea Cogedim has announced two major mixed-use redevelopment projects in Paris and Marseille. In the French capital, the company is launching the redevelopment of the former Laennec hospital located in the seventh arrondissement.
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PropertyEU Archive
Deka Immobilien buys logistics asset near Paris
Deka Immobilien has bought a logistics asset near Paris for around EUR 27 mln from a fund managed by AEW Europe. The property, located in Brie-Comte-Robert Park, will be added to Deka's open-ended WestInvest TargetSelect Logistics fund.
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PropertyEU Archive
LaSalle launches Balanced UK Property Fund
Global investment manager LaSalle has launched the Balanced UK Property Fund for institutional investors. The new investment vehicle is a core open-ended UK property vehicle.
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PropertyEU Archive
Noack joins Union Investment management team
Volker Noack has been appointed deputy member of the management board of Union Investment Real Estate with effect from 1 July 2010. The 46-year-old, who holds a degree in business administration, will be responsible for fund management and finance and participations.
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PropertyEU Archive
Unicredit to relocate to Milan's Porta Nuova
Italian banking giant Unicredit has agreed to lease two of the office towers currently being constructed by American developer Hines in the Porta Nuova area of Milan. The property, which is expected to be completed by the end of 2012, is located in a new urban business park designed by ...
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PropertyEU Archive
Valad fund secures EUR 204m refinancing
German nationalised lender Deutsche Pfandbriefbank and Bank of Scotland have renewed a EUR 204 mln facility to V+UK fund for the refinancing of a UK commercial portfolio. The fund is managed by Valad Property Group.
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PropertyEU Archive
Sabadell sells Barcelona property for EUR 50m
Spanish banking group Sabadell has reached an agreement with clothing retailer Mango on the sale of a mixed-use asset located in Barcelona on the Paseo de Gracia high street. The transaction price amounts to over EUR 50 mln, representing a capital gain of EUR 30 mln for the financial institution.
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PropertyEU Archive
Unilever pension fund commits EUR 70m to ING Dutch funds
Unilever's pension fund Progress has signed an agreement to commit over EUR 70 mln to two ING Dutch funds. The first investment has already been made in the ING Dutch Residential Fund, with an investment in the ING Dutch Retail Fund following later this year.
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PropertyEU Archive
AEW Europe sells EUR 79m of logistics assets
Fund manager AEW Europe has sold three logistics facilities in France for a total of EUR 79 mln. The assets have been sold to an undisclosed German fund and to French property developer Argan on behalf of its Logistis II fund for an average yield of 7%.
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PropertyEU Archive
Sweden removes rent impediment after EPF legal challenge
The European and Swedish Property Federations have welcomed the Swedish parliament's decision to adopt legislation to remove municipal housing companies' role in setting rents. The legislation is due to come into force on 1 January 2011.
