All PropertyEU Archive articles 鈥� Page 1897
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PropertyEU Archive
Credit Suisse suspends withdrawals from Euroreal
Credit Suisse has suspended withdrawals from its CS Euroreal fund for three months after proposed changes to the way German open-ended funds are regulated threw the market back into chaos, prompting a run on funds.
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PropertyEU Archive
Fabege sells residential hotel in Solna
Listed real estate firm Fabege has divested its Hallen 6 residential hotel in Solna, Sweden to Chinax Group for SEK 110 mln (EUR 11 mln). 'The divestment is a further step towards the streamlining of our portfolio,' said Christian Hermelin, CEO of Fabege.
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PropertyEU Archive
Sonae Sierra to manage Pradera's Militari mall
Sonae Sierra has concluded an agreement with Pradera to become the property manager for the 3,600-m[sup]2[/sup] Carrefour Militari commercial gallery in Bucharest. The Portuguese shopping centre specialist will provide full management services to the shopping gallery from July 2010.
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PropertyEU Archive
Acciona's Splau! mall opens its doors in Barcelona
Acciona Inmobiliaria, the real estate arm of energy group Acciona, has announced the opening of its Splau! shopping centre in the Spanish city of Barcelona. The mall, which provides 54,000 m[sup]2[/sup] of gross retail space over 165 shops, represents an investment of around EUR 200 mln.
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PropertyEU Archive
IPD Conference debates best strategies
Real estate professionals are gathering in Amsterdam for the Investment Property Databank European Conference this week to debate the actions that businesses must take to ensure success in today's challenging environment.
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PropertyEU Archive
Bouwfonds Parking Fund buys in Liverpool
Bouwfonds REIM's European Real Estate Parking Fund is to acquire a car park in Liverpool for about EUR 8 mln. The firm announced last week that it has entered into an agreement with Merepark and joint venture partner Ballymore to forward purchase a multi-storey car park, let to Q Park, ...
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PropertyEU Archive
Panattoni to build facility for Neuca in Poland
US logistics specialist Panattoni Europe will develop a new 20,100 m[sup]2[/sup] built-to-suit facility for pharmaceutical group Neuca in Ozarow, Poland. The project, whose construction started at the end of April, will mark the third and final phase of Panattoni Park Ozarow.
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PropertyEU Archive
Prime retail rental stabilise: CBRE
Prime retail rents in the world's leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report.
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PropertyEU Archive
Citycon lauches Martinlaakso mall development
Finnish listed property company Citycon has announced the start of construction for a Martinlaakso shopping centre in Vantaa, Finland. Located in the vicinity of the railway and bus stations, the new complex will have a leasable space of 7,300 m[sup]2[/sup] and will represent an investment of over EUR 26 mln.
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PropertyEU Archive
King Cross's Leopolis mall opens in Lviv
King Cross Leopolis, the first shopping & entertainment centre in Lviv, western Ukraine has been officially opened. The 50,000-m[sup]2[/sup] shopping centre offers 230 shop units and 2,400 parking spaces.
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PropertyEU Archive
KGAL buys Munich office building for EUR 33m
German fund manager KGAL said on Thursday that it has acquired the Eisbach Offices complex in Munich-Schwabing from NB Project Development for around EUR 33 mln. The building is earmarked for KGAL's new closed-end real estate fund, Property Class Germany 12, which will be marketed to investors in the third ...
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PropertyEU Archive
UBS Sima completes EUR 374m capital hike
Swiss property fund manager UBS said it has raised CHF 530 mln (EUR 374 mln) for its flagship Sima real estate fund to finance the acquisition of new development projects. 'This constitutes a record sum raised for any existing Swiss listed real estate fund thus far,' the company said ...
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PropertyEU Archive
JP Morgan buys EUR 375m Metrovacesa loan at 40% discount
JP Morgan has acquired a EUR 375 mln tranche of a credit facility granted to Metrovacesa by German lender Deutsche Pfandbriefbank, well-informed market sources have told PropertyEU. The loan was reportedly divested at a discount of 40-50%.
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PropertyEU Archive
AXA RE selects C&W for Spanish logistics mandate
French investment manager AXA Real Estate has mandated Cushman & Wakefield (C&W) to market a portfolio of logistics properties on behalf of its clients. The portfolio provides 60,000 m[sup]2[/sup] of space over two facilities in Constant铆 (43,000 m2) and Mas Blau, near Barcelona (17,000 m2).
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PropertyEU Archive
Swedbank grants largest retail refinancing in Baltics
CEE real estate developer Hauser-Oberschneider and its joint venture partner Satnam Europe have reached an agreement with Swedbank for a new EUR 50 mln facility for its Estonian property portfolio. It is the largest retail refinancing in the Baltic region to date.
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PropertyEU Archive
Great Portland expands City holdings
London-listed Great Portland Estates has expanded its holdings in the City of London business district through two transactions totalling 拢111 mln (EUR 128 mln).
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PropertyEU Archive
Qatari Diar in major European developments
Qatari Diar Real Estate Investment Company plans to invest around CHF 300 mln (EUR 211.5 mln) by 2014 in the development of a luxury resort on Lake Lucerne in Switzerland.
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PropertyEU Archive
Land Securities re-opens London pipeline
Land Securities, the largest UK REIT, has re-activated its development pipeline to cater for the impending upturn in demand for prime office space in Central London. British Land and Great Portland Estates, two other REITS, have also unveiled development projects for the UK capital.
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PropertyEU Archive
Transaction volume set to reach EUR 50b in H1
The three largest global property advisers are forecasting a total European real estate transaction volume of between EUR 40-50 bn for the first half of the year, according to a survey conducted by PropertyEU. Cushman & Wakefield's forecast is at the top of the range at EUR 50 bn after ...
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PropertyEU Archive
ING REIM favours retail and logistics for 2010-11
European retail and logistics property sectors look more appealing than most office markets over the 2010-2011 timeframe due to their proven defensive qualities -- notably the high and stable income component in investment returns -- during the economic crisis. That is one of the key conclusions of ING Real Estate ...
