All PropertyEU Archive articles 鈥� Page 1909
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PropertyEU Archive
Almacantar raises EUR 150m for investment in London and Paris
Property company Almacantar has raised EUR 150 mln in its first closing. This includes EUR 100 mln invested by Exor, the investment arm of the Italian Agnelli family. The agreement between the parties foresees Exor investing an additional EUR 50 mln when Almacantar raises further equity from new shareholders.
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PropertyEU Archive
Alpha Tiger acquires H2Ocio mall for EUR 84m
Alpha Tiger Property Trust, advised by Alpha Real Capital, has announced the acquisition of the H2Ocio shopping centre in Rivas-Vaciamadrid, southeast of Madrid from Rivas Futura, part of the Spanish family owned real estate group Gedeco Avantis.
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PropertyEU Archive
Beni Stabili sells 7% of capital in move towards REIT status
Beni Stabili, the Italian real estate arm of France's Fonciere des Regions (FdR), is selling 134 million shares, or 7% of its capital, as part of the process of converting to real estate investment trust (REIT) status by the end of the year.
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PropertyEU Archive
Knight Frank sets up investment management arm
UK real estate consultancy firm Knight Frank has announced the launch of a new in-house investment management unit. Knight Frank Investors will provide segregated investment management services to pension funds, insurance companies, private banks and high net-worth individuals.
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PropertyEU Archive
Blackstone mooted as buyer for ING REIM
Private equity giant Blackstone is one of the potential buyers of ING Real Estate Investment Management (ING REIM), according to a report in Investment News. The US-based online news service for financial advisers cites an unnamed investment banker as the source for the report.
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PropertyEU Archive
Brussels letting market rebounds: Savills
Brussels has seen a rebound in lettings activity during the first quarter of 2010, with lettings up 152% compared to the same period last year and up 8% compared to the five-year average, according to property adviser Savills.
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PropertyEU Archive
Demand for UK shopping centre strengthening: Knight Frank
While there are signs that demand for other retail asset classes is now dampening, the relative yield discount offered by shopping centers will lead to a further strengthening of demand for this asset class, particularly from UK funds.
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PropertyEU Archive
British Land plans EUR 114m development in London
British Land is embarking on the joint development of a 拢100 mln (EUR 114 mln) office scheme on Baker Street in the West End of London. The UK REIT announced on Friday that it is acquiring a property located at 2-14 Baker Street from Northern Irish construction group McAleer & ...
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PropertyEU Archive
KDD refinances EUR 185m Sky Towers debt
Ukrainian real estate developer and investor KDD Group said it has reached an agreement in principle with the State Export-Import Bank of Ukraine (ExImBank) for the restructuring of a credit facility of up to $250 mln (EUR 185 mln). The loan was granted for the development of the Sky Towers ...
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PropertyEU Archive
Skanska to develop EUR 35m office complex in Stockholm
Construction and development group Skanska has announced it is to develop new offices for Norwegian financial advisory group Visma in Stockholm. Skanska is to invest SEK 345 mln (EUR 35 mln) in the project.
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PropertyEU Archive
Hansteen acquires 61 UK properties from receivers for EUR 92m
Hansteen, the London-listed investor in UK and Continental European real estate, has continued its expansion by acquiring a multi-sector portfolio of 61 properties in the UK. The investment volume of 拢80.4 mln (EUR 92 mln) reflects an initial yield of 7%, or 8.1% excluding land.
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PropertyEU Archive
Goldman property fund posts 98% loss
An international real estate fund backed by Goldman Sachs has reportedly lost almost all its equity following the poor performance of investments in Germany, the US and Japan.
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PropertyEU Archive
Nordic Land mulls sale of Swedish assets
Nordic Land, the listed property company created in 2007 to invest in Scandinavian assets, has appointed DTZ to explore the possible sale of all or part of its property portfolio in Sweden. The company, which is managed by Lathe Investments, said that the decision was prompted by the decline in ...
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PropertyEU Archive
JLL to property manage Fifth Avenue mall in Russia
Jones Lang LaSalle has announced that its Retail Property Management team has secured an instruction to provide property management services to Torgovyi Dom Na Khodynke, the owner of the Fifth Avenue Shopping and Entertainment Centre which is located in the north-west of Moscow.
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PropertyEU Archive
WDP, Schiphol RE awarded Dutch BREEAM certs
WDP, the Euronext-listed closed-end real estate investment company, together with Schiphol Real Estate are to receive the first two Dutch BREEAM sustainability certificates.
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PropertyEU Archive
Schroders closes its Columbus real estate fund
International law firm SJ Berwin has advised Schroders on the establishment and first closing of its Columbus real estate fund. The fund, which will target returns of 15% per annum net of fees, will acquire real estate in the UK which has value-added potential and will be a mix of ...
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PropertyEU Archive
RICS launches in Nordic region
The Royal Institute of Chartered Surveyors (RICS) has established an official presence in the Nordic region. The global property professionals body held its official RICS Nordic Launch Event at the Grand Hotel in Stockholm on Wednesday. The new board of RICS Sweden and the plan for the region were presented ...
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PropertyEU Archive
Aviva Life & Pension buys UK retail park at 6.04% yield
Aviva Life & Pension UK has purchased Cambridge Close Retail Park in the UK from The Junction, a fund run by co-investing asset manager Capital & Regional.
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PropertyEU Archive
Shed investment halved in Q1
European real estate firms invested some EUR 300 mln to acquire warehouse and logistics facilities in the first quarter of this year, more than 50% down on the transaction volumes in Q1 last year.
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PropertyEU Archive
Global hotel investment up 53% in Q1: JLL
The global hotel investment market experienced a strong start to the year with first-quarter transaction volumes reaching $2.8 bn (EUR 3.2 bn), a 53% increase on the $1.8 bn transacted in Q1 2009, according to Jones Lang LaSalle.
