All PropertyEU Archive articles 鈥� Page 1919
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PropertyEU Archive
Invesco launches 4th US property fund in Europe
Invesco Real Estate (IRE) has announced the first closing of its US IV fund, the fourth in a series of tactical funds investing European institutional capital into the US real estate markets.
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PropertyEU Archive
BayernLB provides EUR 40m loan for new E.ON office
German regional bank BayernLB said it is providing a loan of around EUR 40 mln to finance the construction of a new office building for energy company E.ON in Regensburg. The funding will be issued to a closed-end fund managed by Real I.S., a subsidiary of BayernLB, which will undertake ...
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PropertyEU Archive
BNP Paribas REIM launches EUR 500m OPCI fund
BNP Paribas Real Estate Investment Management is creating a new OPCI investment vehicle, SPF1, which will seek to invest around EUR 500 mln in the French retail property sector over the next three years. The vehicle has already completed its first acquisition with the purchase last month of a EUR ...
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PropertyEU Archive
Schroders acquires Swiss shopping centre
Schroder Property has announced the purchase of the Via XXV Aprile4 shopping mall in Winterthur, Switzerland on behalf of its EUR 800 mln listed property fund Schroders ImmoPlus. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Savills names new head of office agency in Germany
Robert Kellershohn has been appointed head of office agency for Savills Germany with immediate effect. Based in Savills' Dusseldorf office, Kellershohn has been responsible for the office letting activities of Savills in Dusseldorf and the Ruhr area since May 2008. In his new role as head of office agency, he ...
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PropertyEU Archive
Law firm leases space at Alte Post in Hamburg
Alstria Office REIT and Quantum Immobilien announced on Friday that international law firm Graf von Westphalen is leasing 3,500 m[sup]2[/sup] at Alte Post in Hamburg.
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PropertyEU Archive
Metrovacesa mulls capital increase
Spanish property firm Metrovacesa has said it is considering a capital increase as part of a debt refinancing agreement being negotiated with its creditor banks. 'The company confirms it is in talks with its creditor banks about various options, one of which is a possible capital hike,' the Madrid-based company ...
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PropertyEU Archive
Colonial outlines new strategy
Spain's Inmobiliaria Colonial has announced plans to focus on its rental income portfolio after completing its debt restructuring process later this year. The Madrid-listed company, which reached an agreement to restructure EUR 4.9 bn of debt in February, said it intends to proceed with its plan to hive off its ...
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PropertyEU Archive
Hatfield Philips introduces quarterly investor meetings
Hatfield Philips International has introduced quarterly investor meetings to supplement the official reporting rounds that only occur once a quarter around interest payment dates,.
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PropertyEU Archive
Sonae Sierra sees losses narrow to EUR 160 mln in 2009
Portuguese developer Sonae Sierra booked a net consolidated loss of EUR 159.9 mln in 2009 compared with a negative consolidated result of EUR 185.5 mln a year ago. The company attributed the losses to further writedowns of its assets. However, it added that the pace of devaluation started to slow ...
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PropertyEU Archive
Kenmore sees portfolio value fall 9.5% in 2009
Kenmore European Industrial Fund, a Guernsey-registered closed-end investment company focusing on industrial property assets in Western Europe and Scandinavia, said the underlying value of its portfolio fell by 9.58% in 2009 as property values across mainland Europe slid in the wake of the financial crisis.
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PropertyEU Archive
Eurohypo sees new business growing in 2010
German financier Eurohypo expects new business to grow further in 2010, board chairman Frank P枚rschke told PropertyEU in an interview at Mipim last week. 'I expect we will see a higher single-digit billion-euro figure representing new business this year.'
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PropertyEU Archive
Helaba-led syndicate provides EUR 250m financing for Munich deal
German lender Helaba has announced it is acting as syndicate leader in the provision of EUR 250 mln financing for the purchase of a Munich business park.
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PropertyEU Archive
Liberty sells London store for 拢41m
MWB's 68%-owned unit, Liberty has exchanged contracts for the sale of the freehold interest in its 125,000 sq ft (11,600 m2) flagship store on Great Marlborough Street, London W1, for 拢41.5 mln (EUR 46 mln), to Sirosa Liberty. The sale price reflects an initial yield of 4.8%.
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PropertyEU Archive
AEW, HSBC vie with Amundi for Genepierre's management mandate
AEW Europe and HSBC REIM are vying with Amundi Immobilier, the new EUR 5.2 bn investment management firm created from the merger of CAAM RE and Societe Generale AM, to receive the management mandate for the SCPI investment vehicle, Genepierre. Genepierre has so far been managed by Societe Generale and ...
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PropertyEU Archive
Brussels scoops four Mipim Awards
The Marco Polo Tower in Hamburg, Germany is the winner of this year's Mipim Awards for residential developments. Designed by Behnisch Architekten, the tower was developed by DC Residential & Co. and Hochtief Projektentwicklung. The winner In the category hotels & tourism resorts was Kameha Grand Bonn in Bonn, developed ...
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PropertyEU Archive
Mann Immobilien becomes new major IVG shareholder
Karlsruhe-based Mann Immobilien-Verwaltung has become IVG Immobilien's new major shareholder after acquiring an 18.4% stake in the German fund manager from Solidas 3, the former partners of bank Sal. Oppenheim. IVG said in a statement on Thursday that the transaction is subject to the approval of Germany's antitrust agency.
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PropertyEU Archive
Wichford German subsidiaries get extension of loan standstill
UK-listed real estate investor Wichford has announced that a loan servicer has agreed to extend the standstill agreement on a EUR 67.50 mln German facility for an additional 60 days.
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PropertyEU Archive
Schroders re-opens Nordic fund for new investments
UK asset manager Schroders has re-opened its Nordic property fund for new investments in efforts to take advantage from advantageous conditions across the Scandinavian property markets. Ubbe Strihagen, director of Schroders' business in Scandinavia, told PropertyEU in an interview that the re-opening follows requests by existing German investors to increase ...
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PropertyEU Archive
Mipim 2010 sees improved market confidence
Some 18,000 delegates from 81 countries met for business at the 21st edition of Mipim this week, slightly up on the 17,658 visitors and 79 countries registered in 2009 when the financial crisis hit real estate markets full force. In a sign of improved industry sentiment, the number of investment ...
