All PropertyEU Archive articles 鈥� Page 1891
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PropertyEU Archive
Dutch pension fund invests EUR 75m in UK mall trust
Dutch pension investor PGGM has announced it is investing about EUR 75 mln in Standard Life Investment's UK Shopping Centre Trust. The investment is based on an agreement between PGGM and SLI, one of the larger managers of real estate funds in Europe, signed in December 2009.
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PropertyEU Archive
ABN Amro relaunches property financing activities
ABN Amro Bank is to re-launch its real estate financing activities after a years-long absence from the market. The lending arm will draw on the existing expertise within the bank and that of its merger partner Fortis Bank.
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PropertyEU Archive
NewRiver Retail acquires UK retail portfolio from Redevco
AIM-listed NewRiver Retail has announced it has exchanged contracts with European retail property manager Redevco to acquire a portfolio of six long leasehold UK retail assets for a total of 拢19.1 mln (almost EUR 23 mln).
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PropertyEU Archive
Berggruen wins bid for Karstadt
Private equity firm Berggruen Holdings has won the bid for insolvent German retailer Karstadt, insolvency administrator G枚rg said late on Monday in a statement.
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PropertyEU Archive
Europe and US to see biggest pick up in distressed sales: RICS
Europe and the US are set to see the biggest rise in distressed sales, according to the RICS Global Distressed Property Monitor Q1 2010 published on Monday.
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PropertyEU Archive
China Real Estate Opps moves listing from London to Singapore
China Real Estate Opportunities (CREO) announced on Monday that its shareholders have backed moving the company's listing from the Alternative Investment Market (AIM) in London to Singapore. CREO's listing on AIM will now be cancelled and shareholders will receive five units in Treasury China Trust (TCT) for each CREO share ...
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PropertyEU Archive
Prologis leases 61,000 m[sup]2[/sup] in Europe
Global distribution facility specialist Prologis announced it has signed second-quarter lease agreements totalling approximately 61,400 m[sup]2[/sup] with four customers in Europe.
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PropertyEU Archive
Pension fund buys property in Budapest for EUR 14m
Evgyuruk Pension Fund has purchased category A office building in Budapest for 3.8 bn forints (EUR 13.7 mln). The property at Ulloi ut 48 was sold by BIF.
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PropertyEU Archive
Salans advises Aerium on EUR 186m Turkish refinancing
International law firm Salans said it advised Aerium, a European real estate fund manager, on the refinancing of its Turkish retail portfolio, Bainbridge Capital Retail Properties in May. The re-financing was carried out through a $240 mln (EUR 186 mln) debt facility with Akbank, Turkey's largest merchant bank.
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PropertyEU Archive
Stonehage plans to grow property portfolio to EUR 2.4bn
Stonehage Property Partners (SPP), the specialist property advisory business of the Stonehage Group, said on Friday that it is planning to expand its property portfolio to 拢2 bn (EUR 2.4 bn) over the next few years, as international wealthy families continue to increase their exposure to property globally.
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PropertyEU Archive
JLL issues part two of Retail 2020
Jones Lang LaSalle issued today part two of the Retail 2020 study Power to the People / Consumer Cut-through. Retail 2020, which was launched on 28 May via a bespoke interactive website, examines the rapidly changing global retail landscape over the next ten years.
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PropertyEU Archive
Magazine: Cap 3000 buy is ABP's first co-investment with Altarea
The acquisition of the Cap 3000 shopping centre in Nice by a three-way consortium including ABP is the latest example of the Dutch pension fund's strategy to co-invest alongside companies in which it holds a substantial interest. The Cap 3000 purchase was the first alongside Altarea, in which ABP holds ...
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PropertyEU Archive
FBU completes EUR 44m unit buy-back
Listed Norwegian real estate group FBU announced that it has completed the purchase of units from the unit holders for NOK 348 mln (EUR 44 mln). The transaction is partly financed by loans for a total of NOK 195 mln from two of the group's existing banks, with collateral in ...
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PropertyEU Archive
Ablon opens The Courtyard by Marriott in Budapest
Ablon Group, a real estate owner and developer in Central and Eastern Europe, has announced the opening of its first hotel development in Budapest. The Courtyard by Marriott Budapest City Center Hotel consists of 235 rooms in a newly built contemporary building that combines modern comfort and traditional refinement. It ...
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PropertyEU Archive
UFG RE buys from Akron in Moscow
Russian fund manager UFG Real Estate has announced the acquisition of a 5,100-m[sup]2[/sup] building located on Bakhrushina Street in Moscow. The property was bought from Austria's Akron Group for a price said to be around $35 mln (EUR 28 mln).
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PropertyEU Archive
Annika Drotz joins Savills Sweden
Savills has recruited retail expert Annika Drotz to join as a director of its Stockholm-based office. Drotz was previously head of operations management Nordics at Unibail-Rodamco. Prior to Unibail-Rodamco she worked at Ernst & Young and has over 17 years experience in the property sector.
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PropertyEU Archive
Steen & Str酶m appoints new CEO
French real estate firm Kl茅pierre announced on Thursday that Jan Ove Holmen is to become CEO of Steen & Str酶m, the largest shopping centre owner in the Scandinavia region. Kl茅pierre and Dutch pension group ABP acquired Steen & Str酶m for EUR 2.7 bn in 2008. Kl茅pierre owns a 56.1% share.
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PropertyEU Archive
Poland's Fashion House to build second Russian outlet centre
Poland's Fashion House Development has purchased a 12.4-hectare plot of land in Saint Petersburg for the development of a second retail outlet centre in Russia. The purchase comes shortly after the company unveiled plans in late 2009 to invest $100 mln (EUR 76 mln) in the development of the country's ...
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PropertyEU Archive
Orchid Developments, Ikea open Bulgarian retail schemes
UK-listed Orchid Developments has announced the opening of a EUR 150 mln shopping centre in Bulgaria's third largest city of Varna. The Grand Mall Varna is one of the biggest retail complexes in Bulgaria and the largest in Varna, providing 50,000 m[sup]2[/sup] of retail space.
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PropertyEU Archive
Magazine: ISA calls for single pan-European sustainability standard
The International Sustainability Alliance (ISA) has called for a single pan-European standard for the real estate sector. In an interview for the June edition of PropertyEU Magazine, ISA co-chair elect Jaap Gillis said: 'There should be one standard, one benchmark for Europe'.
