All PropertyEU Archive articles 鈥� Page 1916
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PropertyEU Archive
Dark clouds brighten on JLL weather forecast
Rental market conditions continued to be gloomy across Europe but there were some signs of stabilisation, according to Jones Lang LaSalle's latest Office Weather Forecast. The property adviser says it believes the worst rental falls are past in all 27 markets and over half recorded no change in rents in ...
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PropertyEU Archive
Panorama in talks to sell Kiev shopping centre
Panorama Group, part of Luxembourg-based Expert Capital, has confirmed that it is in talks with an unnamed investor to sell its flagship shopping centre project in Ukraine, Sky Mall. A Panorama spokesperson told PropertyEU that a final agreement has not yet been reached. The complex is located in the Ukrainian ...
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PropertyEU Archive
Hypo RE reports narrowing losses
Hypo Real Estate, the holding company that owns German lender Deutsche Pfandbriefbank, has reported that its pre-tax losses dropped from EUR 5.3 bn in 2008 to EUR 2.2 bn last year.
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PropertyEU Archive
European debt funding gap to reach EUR 115b: DTZ
The debt funding gap across Europe is expected to reach EUR 115 bn over the next two years, according to DTZ Research in its latest report. This gap varies across countries, but 56% of the European debt funding gap is estimated to be in only two countries, the UK and ...
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PropertyEU Archive
Commerz Real purchases Dutch logistics centre for EUR 28m
German fund manger Commerz Real has acquired De Rooy logistics facility in the Dutch city of Roosendaal for one of its institutional funds for about EUR 28 mln. The deal was transacted in the form of a sale-and-leaseback agreement with international shipping and distribution company De Rooy.
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PropertyEU Archive
Warner Estate completes EUR 291m debt refinancing
UK real estate company Warner Estate Holdings said on Monday that it has completed the refinancing of bank facilities totalling EUR 拢261.3 mln (EUR 290.6 mln). Warner said that along with certain subsidiaries it has entered into new facilities with the Royal Bank of Scotland and Barclays, and extended and ...
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PropertyEU Archive
Aviva Investors raises 拢80m for investment in nursing homes
Aviva Investors has raised over 拢80 mln (EUR 90 mln) of fresh equity for its Quercus Healthcare fund in efforts to take advantage of buying opportunities in the market. 'There is a significant appetite from investors for this type of product', Aviva Investors' head of UK real estate Richard Jones ...
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PropertyEU Archive
Chagala completes Apart Hotel in Uralsk, Kazakhstan
Bayan, a wholly owned subsidiary of London-listed real estate Chagala Group, has completed its Apart Hotel expansion project in the city of Uralsk, Kazakhstan.
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PropertyEU Archive
Prudential joins Honua to launch bid for Falck area
Troubled Italian property firm Risanamento is in talks with Korean investment firm Honua Group to sell its vast Falck redevelopment site in Milan's Sesto San Giovanni district, well-informed market sources confirmed to PropertyEU. According to Italian papers, the Korean group is partnering with American investor Prudential to launch a EUR ...
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PropertyEU Archive
Major assets for sale in UK market
Northern Irish group William Ewart is trying to sell three shopping centres worth a total of 拢300 mln (EUR 332 mln) in the UK, well-informed sources told PropertyEU. The Hammersmith Broadway, Fulham Broadway and Victoria Places schemes are located at key transport nodes in central London above Hammersmith, Fulham and ...
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PropertyEU Archive
Orco CEO hits back at minority shareholders
Jean Francois Ott, CEO and chairman of troubled CEE developer Orco Property Group, has slammed a move by minority shareholders to remove him and the company's current board. 'This is very damaging for the company,' he said in a reaction.
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PropertyEU Archive
BayernLB finances Real I.S. office deal in Paris
BayernLB Bank said on Monday that it provided EUR 22 mln financing to German-based investor Real I.S. for the acquisition of a six-floor office building in Paris recently. Real I.S.'s Bayerische Grundvermogen III Sicav real estate investment fund purchased the 3,000 m[sup]2[/sup] property near the Arc de Triomphe from Unibail-Rodamco ...
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PropertyEU Archive
Impregilo to make an offer for Milan's City Life contract
Italy's construction group Impregilo plans to make an offer to buy a 50% interest in the contract to develop the massive City Life development site on the ground of the former trade fair in Milan.
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PropertyEU Archive
Pirelli RE unveils extension of Quarree Wandsbek scheme
Milan-listed Pirelli Real Estate said that it has completed the redevelopment of the Quarree Wandsbek shopping centre in Hamburg one year after the start of construction in March 2009. The total investment in the project amounted to around EUR 30 mln, according to the Italian property company.
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PropertyEU Archive
SEB acquires London West End property for EUR 128m
SEB Asset Management has acquired a fully-let nine-storey office and commercial building in London's West End from Invista Real Estate Investment Management for a total of EUR 128 mln.
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PropertyEU Archive
Shopping centre development to bottom in 2011
The rate of development of new shopping centre space in Europe slowed considerably in 2009 and is unlikely to pick up before 2012 at the earliest, according to real estate adviser Cushman & Wakefield in its new European Shopping Centre Development report.
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PropertyEU Archive
Banco Sabadell sells 378 buildings to Moor Park for EUR 403m
Spanish property lender Banco Sabadell said on Friday that its management board has approved a binding bid by UK investor Moor Park Capital Partners to acquire a portfolio of 378 office units across the country for a total investment volume of EUR 403 mln.
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PropertyEU Archive
RBS, Eurohypo, Calyon take 45% stake in Colonial
International banks Royal Bank of Scotland (RBS), Eurohypo and Calyon have taken a 45% stake in Spanish property company Colonial through the swap of debt bonds with new company shares.
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PropertyEU Archive
Corio completes EUR 600m equity issue after mega deal with Multi
Corio announced the completion on Friday of a EUR 600 mln equity issue to help pay for its EUR 1.3 bn purchase of operating shopping centres and mall projects from Multi Corporation.
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PropertyEU Archive
Mountgrange acquires Surrey business park at 8.75% yield
Mountgrange Investment Management has agreed to purchase Meadows Business Park in the UK from financial services group Scottish Widows for 拢23.5 mln (EUR 26.1 mln). The site has been acquired for a net initial yield of 8.75%.
