All PropertyEU Archive articles 鈥� Page 1901
-
PropertyEU Archive
AXA REIM hires Realty Lab to sell Milan complex
Realty Lab, the new real estate brokerage firm founded by Pirelli RE's former director Roberto Nicosia and GE RE Italy's former CEO Alessandro Manetti, has been mandated by AXA REIM's European Office Income Venture (EOIV) to sell a 30,000 m[sup]2[/sup] office complex in Milan.
-
PropertyEU Archive
Redevco jv brings first BREEAM project in China
Netherlands-based Redevco and Shui On Land, are the first to register a development in China for assessment under BREEAM, a leading rating tool for sustainable buildings. The partnership began working with BRE Global towards the end of 2009 and is nearing the final stages of development of suitable criteria for ...
-
PropertyEU Archive
FdM, Fonciere Massena buy and sell in France
Fonci猫re des Murs, the hospitality unit of Fonci猫re des R茅gions, has sold four budget hotel properties in the French cities of Montpellier, Lille, Courbevoie and Nantes to different private investors for a total of EUR 24 mln. The disposal prices are in line with appraisal values, the company said.
-
PropertyEU Archive
Qatar Holding acquires Harrods for EUR 1.7b
Qatar Holding, the investment arm of Qatar's sovereign wealth fund, has acquired Harrods, the iconic department store in London from Egyptian businessman Mohamed al-Fayed for 拢1.5 bn (EUR 1.7 bn). The acquisition was the largest single investment transaction in the UK retail sector since 2007.
-
PropertyEU Archive
脝rium secures EUR 186m refinancing for Turkish retail portfolio
脝rium, a European real estate fund manager, has announced the refinancing of its Turkish retail portfolio, Bainbridge Capital Retail Properties through a $240 mln (EUR 186 mln) debt facility with Akbank. Describing the transaction as the first sizeable refinancing in Turkey since the onslaught of the global economic crisis, 脝rium ...
-
PropertyEU Archive
London & Stamford buys UK distribution portfolio for EUR 242m
AIM-listed real estate investor London & Stamford Property has acquired the Radial portfolio of prime distribution warehouses across the UK for 拢208.5 mln (EUR 242 mln), exluding costs. The vendor is Warner Estate Joint Ventures Limited and Uberior Ventures Limited.
-
PropertyEU Archive
Bank of Italy to offload EUR 330m worth of assets
The Bank of Italy is holding a tender process to appoint the adviser to manage the sale of of its real estate portfolio. The mandate would be for three years, the bank said, with an option for a two-year renewal. The bank owns properties valued at around EUR 330 mln ...
-
PropertyEU Archive
Union Investment buys Hofgarten Palais for EUR 60m
Union Investment Real Estate has signed an agreement to acquire Hofgarten Palais in D眉sseldorf from Europa Capital for about EUR 60 mln. The 14,000 m[sup]2[/sup] office development was carried out by Luxembourg-based subsidiaries of Europa Fund II and was purchased by Union Investment for its open-ended property UniImmo: Europa.
-
PropertyEU Archive
Degi Europa in EUR 77m London sale to generate liquidity
German-based Aberdeen Immobilien KAG (formerly Degi) has sold its King William Street office complex in London to the Scottish Widows SWIP Property Trust for EUR 77 mln. This is the second sale in recent weeks which Aberdeen Immobilien has carried out to help raise the liquidity ratio for the frozen ...
-
PropertyEU Archive
DTZ appoints Menno Maas as head of CEMEA
Global real estate adviser DTZ has announced the appointment of Menno Maas to the role of CEO for Continental Europe, Middle East and Africa (CEMEA). Maas, formerly boss of ING Real Estate Development, will be responsible for DTZ's operations across 24 CEMEA markets.
-
PropertyEU Archive
Helical Bar buys UK portfolio from ING REIM
Helical Bar has acquired a portfolio of nine assets comprising 129 industrial and offices units for approximately 拢50 mln (EUR 58.14 mln) from ING Real Estate Investment Management.
-
PropertyEU Archive
Hines sells landmark office building in Barcelona
US privately held developer and investor Hines has sold a landmark office building at Barcelona's central Avenida Diagonal for an undisclosed amount to BFO, the investment holding of the Bernat family.
-
PropertyEU Archive
HSBC REIM seeks new investors for Elys茅es Pierre
HSBC Real Estate Investment Management is offering investors 100,000 new units in its Elys茅es Pierre SCPI investment vehicle at a price of EUR 550 each. The company is hoping to raise up to EUR 55 mln of new capital through the offering, increasing the market capitalisation of Elys茅es Pierre to ...
-
PropertyEU Archive
Shell selects JLL for EMEA mandate
Multinational petroleum firm Shell has appointed Jones Lang LaSalle's EMEA Corporate Solutions team as its primary provider of real estate support services across the EMEA region.
-
PropertyEU Archive
CBRE signals increased lender confidence in Q1
Financing conditions eased in Q1, according to CB Richard Ellis in its latest Capital Markets Report. The report, which focuses on banks鈥� propensity to lend to real estate across Europe, has signalled a modest increase in maximum loan-to-value ratios (LTVs), with all key European markets now at or above 65%, ...
-
PropertyEU Archive
DTZ sees global invested stock rising 5% in 2010
The worst of the property slump is over, according to DTZ鈥檚 Money into Property report. The adviser forecasts that global invested stock will grow by 5% in 2010, with the UK seeing an even higher increase of 8% as capital values continue their recovery.
-
PropertyEU Archive
Altarea, ABP and Predica buy Cap 3000 for EUR 450m
A joint venture of French retail specialist Altarea, Dutch pension fund ABP and Cr茅dit Agricole Assurances' Predica unit has acquired the Cap 3000 shopping centre in Saint-Laurent du Var, near Nice from Galeries LaFayette. The transaction price of EUR 450 mln reflects a yield of 4.65%.
-
PropertyEU Archive
UBS acquires Living Office in Dusseldorf for EUR 52m
Swiss fund manager UBS Real Estate has acquired the Living Office building in Dusseldorf for its open-ended real estate fund UBS (D) Euroinvest Immobilien. The seller was CF Living Office Immobilien, a real estate holding of the American food and financial services group Cargill Inc. The transaction price amounted to ...
-
PropertyEU Archive
Greece worst performer in April in GPR index
Greece was the worst performer in the GPR index of listed property stocks in April, with a negative performance of -28.1%. All in all, European propery stocks shed 2.3% over the month.
-
PropertyEU Archive
SEB closes ImmoInvest fund for redemptions
SEB has temporarily suspended the redemption of units in its SEB ImmoInvest fund. The move follows a significant rise in unit redemptions across all customer segments.
