All PropertyEU Archive articles 鈥� Page 1905
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PropertyEU Archive
Jonathan Evans to join Jones Lang LaSalle
Jones Lang LaSalle has announced that Jonathan Evans will join the firm to head up West End Agency and Central London Development. Evans is currently Head of Asset and Property Management, London Portfolio at Land Securities.
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PropertyEU Archive
Klepierre hires Savills to sell Rome's Tor Vergata mall
French retail specialist Klepierre has mandated Savills to sell the Tor Vergata shopping centre in the outskirts of Rome, well-informed market souces told PropertyEU. Opened in December 2004, the mall was and acquired by Klepierre in early 2005 for over EUR 58 mln.
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PropertyEU Archive
Immoeast/Immofinanz join top 10 worldwide after merger
The Polish regulatory authorities have approved the merger between Immofinanz and Immoeast. The merged company will be one of the top 10 real estate companies worldwide and ranks among the top three in Central and Eastern Europe, according to Eduard Zehetner, CEO of the newly-merged company.
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PropertyEU Archive
Segro buys 50% of BAA's Airport Property Partnership
Segro, the UK-based provider of flexible business space, has announced the acquistion of BAA's 50% interest in the Airport Property Partnership (APP) for 拢111.3 mln (EUR 128 mln) in cash. APP is a 50/50 joint venture with Aviva Investors, focused on airport-related industrial assets in and around major UK airports.
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PropertyEU Archive
AEW Europe/Tristan complete Eroski sale & leaseback
European Property Investors Special Opportunities, (EPISO), a fund co-managed by AEW Europe and Tristan Capital Partners, has completed the sale and leaseback of more than 10 retail units across Spain for approximately EUR 150 mln. The assets, located throughout Spain, total around 120,000 m[sup]2[/sup] and are let primarily to Eroski, ...
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PropertyEU Archive
Unibail-Rodamco sees turnover fall after disposals
Unibail-Rodamco saw gross rental income from its shopping centres rise in the first three months of this year to EUR 263.2 mln from EUR 259 mln in the year-earlier period. All countries contributed to the increase with the exception of the Netherlands where the Franco-Dutch concern sold a number of ...
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PropertyEU Archive
Multi scoops two ICSC shopping centre awards
Multi Corporation won two ICSC shopping centre awards at this year's annual conference in Prague, for its Forum Duisburg centre in Duisburg, Germany, and for Forum Barreiro, a development in Barreiro, Portugal. The Gouda-based developer also received a ReSource distinction for Forum Duisburg in recognition of its commitment to long-term ...
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PropertyEU Archive
Gazit's Katzman joins Citycon board
Chaim Katzman, the founder and chairman of the Israel-based Gazit Globe, will join the board of listed Finnish shopping mall group Citycon in which Gazit holds a 48% stake. Citycon's Chief Executive Petri Olkinuora declined to comment on the reason for the decision but said that the proposal was put ...
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PropertyEU Archive
Resolution and Lehman buy Queensbridge House loan
Hatfield Philips International (HPI), Europe鈥檚 largest independent Primary and Special Servicer, has successfully completed the sale of the Queensbridge House loan to Resolution Property and Lehman Brothers Holdings Inc. (LBHI). According to well-informed sources, the buyers paid EUR 6 mln for the EUR 36 mln debt facility.
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PropertyEU Archive
ECE refurbishes Hamburger Meile with large food court
German's leading retail developer ECE Projektmanagement has reopened its Hamburger Meile shopping centre in Hamburg following a major refurbishment which has extended the shopping promenade to a length of more than 600 metres. The heart of the new section is a large food court and includes a Rewe grocery store, ...
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PropertyEU Archive
Triton eyes knock-down price for Karstadt
German-Swedish financial investor Triton appears to be the sole bidder for insolvent German department-store chain Karstadt. However, according to those who track the market, it is likely to have requested a knock-down price of around EUR 30 mln.
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PropertyEU Archive
All property returns in UK increase in Q1
All-property total returns in the UK increased to 6.2% in Q1, according to the latest Jones Lang LaSalle UK Quarterly Property Index, Returns were boosted by the 4.5% increase in capital values, which was driven completely by falling yields across all three major sectors.
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PropertyEU Archive
NSI closes EUR 250m refinancing with ING Real Estate Finance
Amsterdam-listed Nieuwe Steen Investments (NSI) has reached agreement with ING Real Estate Finance on refinancing its current short-term credit lines with a new longer EUR 250 mln facility. The loan has a term of two to four years split over a revolving and fixed loan facility.
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PropertyEU Archive
Westimmo turns to Soffin for state aid
German real estate lender Westimmo has applied for billions of euros in German state aid as a way of sweetening the auction process for the unit, according to media reports. The aid request in the form of bridge financing guarantees aims to help prevent potential buyers from suffering a ratings ...
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PropertyEU Archive
Italy's MPS and Baglioni portfolios set to hit the market
Italian bank Monte dei Paschi di Siena (MPS) and luxury hotel group Baglioni both have plans to sell off properties in their home market to fund their future expansion. MPS is planning to sell around EUR 500 mln worth of non-strategic properties, Antonio Vigni, Chief Executive Officer of the financial ...
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PropertyEU Archive
Spain's Ballester to sell central Madrid office building
Valencia-based real estate developer Ballester has hired Savills and Catella to sell its landmark Paseo de Recoletos office building in Madrid. The property is currently 50% vacant, with the rest leased to Spanish construction materials producer Uralita.
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PropertyEU Archive
Deutsche Bank mandated to sell Catella Group
Catella's shareholders, the Catella Foundation and InterIkea, have mandated Deutsche Bank to divest the entire Catella Group, which is headquartered in Stockholm and employs a staff of 475 across Europe, with activities ranging from financial services, real estate advisory and asset management. The Catella Foundation holds a 91% stake in ...
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PropertyEU Archive
CBRE Investors buys B&Q store in Bristol
CB Richard Ellis Investors, the global real estate investment management firm, has announced the purchase of a B&Q Retail Warehouse on Muller Road, Bristol for 拢8.2 mln (EUR 9.4 mln).
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PropertyEU Archive
Redevco buys retail building in Netherlands
Amsterdam-based Redevco has purchased a listed retail building in Utrecht from Breevast. The refurbished building is fully let to Spanish retailer Zara which opened its new store in the Netherlands last week.
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PropertyEU Archive
NPS confirms talks on Sony Center
South Korea's national pension fund NPS has confirmed it is in the final stage of talks to buy the Sony Center in Berlin for about $767 mln (EUR 576 mln), according to a report by news wire Reuters.
