All PropertyEU Archive articles 鈥� Page 1908
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PropertyEU Archive
Italian property suffers record capital decline: IPD
Capital values in Italian commercial property suffered the steepest decline in its seven-year history, falling by -4.6%, according to the IPD Italy Annual Property Index. However, a robust 5.7% income return was sufficient to lift annual total returns modestly into positive territory at 80 basis points, compared to 2.3% in ...
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PropertyEU Archive
Goerojo joins Colliers Czech industrial team
Roman Goerojo, a recognized transportation and logistics professional, has joined Colliers International's industrial department in the Czech Republic as Senior Industrial Broker.
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PropertyEU Archive
C&W seeks development partner for Lord's cricket ground
Global real estate adviser Cushman & Wakefield has been appointed by Marylebone Cricket Club (MCC) to handle the worldwide search for a development partner to deliver a new premium residential development at the famous Lord's Cricket Ground in St John鈥檚 Wood, London.
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PropertyEU Archive
WestImmo launches junior debt programme
WestImmo announced on Tuesday that it has expanded its product range with a service called FreshStart to provide junior loans within the zone of historical senior debt metrics, typically at or around 75% LTV.
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PropertyEU Archive
OVG delivers leased property in Rotterdam for SWIP
Developer OVG Projectontwikkeling has delivered the 12,000-m[sup]2[/sup] Vancouver office building in Rotterdam for Scottish Widows Investment Partnership's European Balanced Property Fund (SWIP EBPF).
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PropertyEU Archive
Expo Italia eyes Mediterranean markets
Expo Italia (EIRE) is emphasising real estate opportunities in the Mediterranean region for its 2010 edition. EIRE's director Antonio Intiglietta told PropertyEU that the fair has gained a large following among Italy's major players, and is seeking to widen its focus to the leading institutions and private investors of the ...
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PropertyEU Archive
Skanska launches first LEED office project in Poland
Skanska is developing a new office property with a strong environmental profile in the city of Wroclaw in western Poland. Skanska's investment will amount to EUR 22 mln during the first stage of the project, which comprises 12,000 m[sup]2[/sup] of leasable space. Completion is scheduled for the end of 2012.
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PropertyEU Archive
ULI Urban Investment Network summit set for Istanbul
The second annual ULI Urban Investment Network summit for the growing network of cities, developers and investors takes place in Istanbul on 23 September 2010.
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PropertyEU Archive
Retail takes 42% share of investment in Q1: CBRE
Investment in European retail real estate reached EUR 8 bn in the first quarter (Q1) of 2010, outpacing office investment activity with a record-high 42% share of total turnover, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Tour Eiffel refinances EUR 100m of debt
Soci茅t茅 de la Tour Eiffel has reached an agreement with a banking consortium for the refinancing of around EUR 100 mln of corporate debt.
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PropertyEU Archive
Invesco invests EUR 37m in Polish facility for Tesco
Invesco Real Estate, the global property investment management firm, has invested about EUR 37 mln in the development of a 57,000m[sup]2[/sup] logistics property in Gliwice, Poland. The property will be used as a central hub by retailer, Tesco Polska, and the development will be carried out by real estate developer, ...
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PropertyEU Archive
Spanish hotel operator buys Hilton Hotel Mallorca for EUR 40m
Spanish hotel operator Gesti贸n T3 has acquired the Hotel Hilton Sa Torre de Mallorca from administrators for nearly EUR 40 mln. The transaction price includes EUR 29 mln of debt provided by Spanish banks Banco Sabadell, Caixa de Catalunya and CAM, with the rest being financed through a capital increase.
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PropertyEU Archive
Inpgi Hines fund to invest EUR 80m in Rome project
US real estate development firm Hines has unveiled plans to invest around EUR 80 mln over the next three years in a new development project in Rome.
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PropertyEU Archive
Second-round bids now in for WestImmo
The sale of German real estate lender WestImmo sale is heating up, with second-round bids now in. On Friday, second-round bids were submitted for the Mainz-based bank, which is being sold by it sole shareholder, WestLB. Blackstone, Apollo, Aareal and Terra Firma are all thought to have submitted bids, ...
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PropertyEU Archive
Stam Europe 'in exclusive talks' with Eroski to buy Spanish malls
French fund manager Stam Europe is in 'exclusive talks' with Eroski, the third-largest food and consumables operator in Spain, to acquire two mid-sized shopping centres in Spain in a sale-and-leaseback transaction, according to well-informed sources close to the process.
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PropertyEU Archive
Multi mulls new platforms for CEE and southern Europe
Multi Corporation is considering the creation of a new funds for its shopping centre activities in Central and Eastern Europe. The firm's Polish interests could potentially be included in the new vehicle, Multi chairman Hans van Veggel has told PropertyEU.
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PropertyEU Archive
Carlyle completes 18,000 m[sup]2[/sup] mixed-use revamp in Paris
The Carlyle Group, a global private equity firm, has completed the renovation of an office and retail complex located in the seventh district in Paris. The complex comprises three architecturally significant buildings from different periods.
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PropertyEU Archive
Italy's IGD buys remaining 10% of Romanian mall operator
Italy's Immobiliare Grande Distribuzione SIIQ (IGD SIIQ) has signed a preliminary agreement to buy the remaining 10% it did not own in Romanian shopping centre investor-operator Winmark Magazine. The acquisition was carried out through IGD's Immobiliare Larice unit and is expected to be completed before the end of the month.
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PropertyEU Archive
BAI Austria sells Vienna hotel for over EUR 100m
Bautr盲ger Austria Immobilien (BAI Austria), the real estate development arm of Bank Austria, has sold a building located on Vienna's Schubertring 5-7 to the Flick Foundation for over EUR 100 mln. According to news reports in Austrian papers, the property is to open its doors at the end of the ...
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PropertyEU Archive
Eurohypo provides EUR 140m financing for Manchester deal
German lender Eurohypo announced on Monday that it has provided 拢123 mln (EUR 140 mln) in financing for one of the largest regional investment transactions in the UK in years. The funding agreement with Luxembourg fund manager 脝rium is for the purchase of 3 Hardman Street, a grade A office ...
