All PropertyEU Archive articles 鈥� Page 1890
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PropertyEU Archive
Siemens shortlists BNP Paribas RED to build new Milan HQ
Siemens is in advanced negotiations with BNP Paribas Real Estate Property Development about the construction of its new headquarters in Milan.
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PropertyEU Archive
Brioschi concludes two transactions
Italy's Milanofiori, a unit of property developer Brioschi Sviluppo Immobiliare, has signed a preliminary agreement to sell a 8,000 m[sup]2[/sup] office scheme in Assago, near Milan, to Ubi Leasing for a total of EUR 32 mln, excluding taxes. The operation is expected to be completed by the end of September ...
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PropertyEU Archive
Westimmo London carries out three financing deals
The London office of German lender WestImmo announced on Tuesday that it has arranged and underwritten three acquisition loans in the UK and Continental Europe recently. 'In addition to WestImmo's strategy of medium to large scale debt arrangement, the London branch continues to provide clients with tailored bilateral solutions across ...
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PropertyEU Archive
Room for improvement in fund corporate governance: INREV
The non-listed real estate industry can improve standards of corporate governance, particularly transparency, accountability and alignment, according to a report from INREV. The results of the first INREV Corporate Governance Best Practice Review showed that levels of compliance with INREV Guidelines were good but gaps in market practice showed room ...
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PropertyEU Archive
Henderson raises EUR 109m in first close of London office fund
Henderson Global Investors has announced it raised 拢90 mln (EUR 109 mln) of capital from a number of European and North American institutional investors in the first close of its Henderson Central London Office Fund II (CLOF II). The equity raise gives the fund up to 拢200 mln of spending ...
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PropertyEU Archive
European office rents grow for first time in 18 months: CBRE
Signs of a turning point in Europe's office sector were evident during the first quarter (Q1) of 2010, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Castellv铆 launches phase II of Barcelona's 22@ business park
Spain's Grupo Inmobiliario Castellv铆 has started the development of Phase II of the 22@Business Park project in the new business district of Barcelona. The new phase will see the development of an office complex consisting of four buildings with 46,000 m[sup]2[/sup] of total surface and 260 parking spaces.
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PropertyEU Archive
Magazine: 'Allianz dropped out of Cap 3000 race due to flood claims'
German insurer Allianz withdrew from the race to acquire the Cap 3000 shopping centre in Nice after receiving over EUR 300 mln in claims for a flood which hit the surrounding area earlier this year.
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PropertyEU Archive
Savills advises on EUR 40m industrial development in Barcelona
Property adviser Savills has acted for Nueva Rumasa in the acquisition of an industrial development site outside Barcelona, which will result in a EUR 40 mln headquarters and production plant for chocolate milk drink manufacturer Cacaolat.
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PropertyEU Archive
TMW spends EUR 61m in German nursing homes
TMW Pramerica is launching a special real estate fund to invest exclusively in care residences. The fund will take advantage of a growing demand for these assets in Germany, Prudential Financial's European fund management unit said.
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PropertyEU Archive
Berggruen paid EUR 80m for Karstadt, no rent agreement reached with Highstreet
Private equity firm Berggruen Holdings is believed to have paid around EUR 80 mln in its winning bid for insolvent German retailer Karstadt, according to those who track the market.
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PropertyEU Archive
OVG awarded 'Excellent' BREEAM-NL rating for office project
Rotterdam-based developer OVG has been awarded the first BREEAM-NL new build sustainability certificate with an 'Excellent' (four star) rating. The Dutch Green Building Council (DGBC) formally presented the certificate to OVG during the first day of the Provada real estate fair in Amsterdam on Tuesday.
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PropertyEU Archive
TPG Capital and Green Property form JV for UK, Ireland
Global private equity firm TPG Capital and Green Property have formed a joint venture to invest up to EUR 900 mln of debt and equity in real estate assets in the UK and Ireland.
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PropertyEU Archive
EPRA hires EU lobbyist
The European Public Real Estate Association (EPRA) has announced the appointment of Romain Triollet as its Public Affairs Director. EPRA said the new position will allow it to play a more active role in the public debate on the EU's economic and financial reform as it affects listed real estate, ...
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PropertyEU Archive
Pirelli RE to focus on services
Pirelli Real Estate is re-focusing its business on services and asset management activities to take account of the scarcity of operators in the market, Giulio Malfatto, CEO of Pirelli & Co. Real Estate said during a conference on the first day of the Expo Italia Real Estate Fair in Milan.
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PropertyEU Archive
Reyal Urbis swaps EUR 175m of property for debt
Spanish property developer Reyal Urbis has agreed to exchange EUR 175 mln worth of real estate for debt held by lender Banco Sabadell. The Spanish developer last month restructured its credit facilities with a consortium of 51 financial institutions.
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PropertyEU Archive
Colonial launches EUR 2b capital increase
Madrid-listed real estate firm Colonial is launching a EUR 1.95 bn capital increase in a bid to 'strengthen its financial structure in the long term and support the company's strategic plan'.
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PropertyEU Archive
Galotti transfers EUR 200m worth of projects to new funds
Italian firm Galotti has transferred a number of development projects to the Q2 and Q3 value-added funds, which will be managed by asset manager Quorum. The commercial projects will entail a total investment of EUR 200 mln.
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PropertyEU Archive
Klepierre, Icade in EUR 400m mixed-use project near Paris
French property companies Icade and Kl茅pierre S茅g茅c茅 are investing EUR 400 mln to develop the Mill茅naire regional shopping centre in Aubervilliers, north of Paris.
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PropertyEU Archive
Acciona sells Madrid building for EUR 51m
Spanish lender Banco Sabadell has acquired the corporate headquarters of technology group Telvent in the Alcobendas district of Madrid from Acciona Inmobiliaria for EUR 51 mln. The acquisition was carried out on behalf of Sabadell's BS Inmobiliario fund and reflects an initial yield close to 9%.
