All PropertyEU Archive articles 鈥� Page 1903
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PropertyEU Archive
RREEF fund buys logistics warehouse in France
RREEF Spezial Invest, part of the RREEF group managed by Deutsche Bank, has announced the acquisition of a class A warehouse measuring 42,265 m[sup]2[/sup] in Wattrelos, near Lille in France, for a approximately EUR 21 mln.
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PropertyEU Archive
London's West End dearest office market
London鈥檚 West End remains the world鈥檚 most expensive office market with an occupancy cost of EUR 1457.59 per m[sup]2[/sup] per annum (拢120.50/$182.94), according to CB Richard Ellis' semi-annual Global Office Rents survey. Hong Kong鈥檚 Central Business District (CBD) has risen to second place pushing Tokyo鈥檚 Inner Central to third place. ...
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PropertyEU Archive
GSW Immobilien postpones IPO
GSW Immobilien has postponed its planned IPO for this Friday, citing 鈥榮ignificantly increased volatility and uncertainty in global equity markets鈥�.
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PropertyEU Archive
Investment volumes hit EUR 22 bn in Q1: C&W
European commercial property investment rose by nearly 80% year-on-year to EUR 22.4 bn in the first quarter of 2010, according to new research issued by Cushman & Wakefield. Trading was buoyed by further growth in demand, particularly from foreign players, improving debt market sentiment, increased interest in larger lot sizes ...
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PropertyEU Archive
WP Carey in 拢22m sale-and-leaseback with TDG
US investor WP Carey announced on Tuesday that one of its publicly held non-traded REIT affiliates has purchased eight cold storage facilities from UK logistics and supply chain management company TDG. The transaction price amounts to a total of 拢22 mln (EUR 26 mln), including acquisition fees, in an all-equity ...
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PropertyEU Archive
L&G Property buys 4 assets in the UK for EUR 27m
Legal & General Property (LGP), on behalf of its Property Unit Trust, has purchased a portfolio of industrial assets in Luton, Hounslow, Sevenoaks and Bristol from a private pension fund for close to 拢24 mln (EUR 27.5 mln), reflecting a net initial yield of around 7.3%. CBRE advised LGP on ...
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PropertyEU Archive
Crown Estate, Land Securities buy 拢56m Oxford shopping centre
The Crown Estate has sold a 50% stake in the Westgate Centre, Oxford to Land Securities just after completing the purchase of the centre from Capital Shopping Centres for 拢56 mln. Land Securities is now buying a 50% interest in the complex for just over 拢28 mln (EUR 33 mln), ...
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PropertyEU Archive
Terreis buys EUR 56m worth of assets
French property firm Terre茂s has committed to invest EUR 56 mln in the acquisition of a portfolio consisting of seven office properties in the Paris region. The transaction reflects a yield of 7.4 %.
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PropertyEU Archive
Real I.S. buys EUR 71m building for new German fund
German investor Real I.S. said on Tuesday that it has purchased a new office building in Dusseldorf for its newly launched German-focused fund, Bayernfonds Deutschland 20. Located between the airport and the city centre, the property is rented on a long-term basis to the federal government and was acquired for ...
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PropertyEU Archive
Banimmo places EUR 75m of bonds to fund acquisitions
Belgian property company Banimmo has fully placed the maximum amount of EUR 75 mln planned for its bond issue. 'Due to the strong demand created by its public offering of a five-year bond with warrants, the
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PropertyEU Archive
British Land, Blackstone to build new UBS building at Broadgate
UK REIT British Land and the Blackstone Group said on Tuesday that they plan to construct a new building at London's Broadgate Estate for existing tenant UBS.
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PropertyEU Archive
Soffin approves EUR 1.85b recapitalisation of HRE
Germany's financial market stabilisation fund Soffin has approved up to EUR 1.85 bn in new capital for Hypo Real Estate Holding (HRE) as part of the
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PropertyEU Archive
Altarea in 'exclusive talks' with Lafayette to acquire Cap3000
France's Galeries Lafayette said it has entered into exclusive negotiations with a joint venture of retail specialist Altarea, and insurance companies APG and Predica, on the sale of Aldeta, the listed company owning the Cap 3000 shopping centre in Saint-Laurent du Var, near Nice.
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PropertyEU Archive
Moor Park completes purchase of Sabadell properties for EUR 403m
Moor Park Capital Partners has completed the acquisition of Banc Sabadell's Spanish real estate portfolio in a EUR 403 mln sale-and-leaseback transaction. CBRE advised Moor Park on the deal while CBRE's EMEA Debt Advisory team arranged the financing for the acquisition, which was first announced in March.
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PropertyEU Archive
Allianz, Corio confirm purchase of Porta di Roma mall for EUR 440m
Germany's Allianz Real Estate confirmed on Monday that it is teaming up with Dutch retail specialist Corio to acquire the Porta di Roma shopping centre in Rome from sellers Porta di Roma Srl, controlled by Silvano Toti and Parsitalia, and Gallerie Commerciali Italia (GCI), a joint venture of Auchan and ...
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PropertyEU Archive
Two developers invest EUR 65m in St. Petersburg
A Turkish and Finnish real estate developer have announced plans to invest a total of EUR 65 mln in the St Petersburg commercial property market. Helsinki-based Technopolis said it has been granted a new EUR 32 mln financing facility by the European Investment Bank to fund the construction of the ...
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PropertyEU Archive
NH Hoteles sells London St Ermin's hotel for EUR 75m
Spanish hotel chain NH Hoteles said it has sold the St Ermin's hotel in London's Westminster in efforts to 'reinforce its liquidity'. The disposal of the 275-room hotel is 'in line with the asset divestment plan announced by the company last year,' it added. The property was acquired by a ...
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PropertyEU Archive
WP Carey appoints new head of European investment
New York-based investment firm WP Carey has appointed Cabot Lodge as president of its UK subsidiary and head of European Investments. 'Cabot's appointment to head our European investment team underlines our commitment to further strengthen the firm's international platform,' said Gordon DuGan, president and chief executive of the group. 'His ...
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PropertyEU Archive
Pirelli RE sells Gro脽e Stra脽e retail asset to Union Investment
German investor Union Investment Real Estate has acquired the Gro脽e Stra脽e retail property in Osnabr眉ck, Germany for its Unilmmo:Deutschland open-ended real estate investment fund. Italy's Pirelli Real Estate is selling the asset for a total of EUR 34 mln.
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PropertyEU Archive
Karstadt portfolio may attract new bidder
A new investor has showed 'serious interest' in acquiring the insolvent German department-store chain Karstadt, administrators told newspaper Frankfurter Allgemeine on Sunday. According to Karstadt's insolvency administrator Klaus Hubert G枚rg, the company has decided to extend the bidding period until May 28 from the previous deadline of April 28 after ...
