All PropertyEU Archive articles 鈥� Page 1925
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PropertyEU Archive
Deka buys office property in Paris CBD
Deka Immobilien has acquired the fully let office property '39/41 Rue Cambon' in Paris' central business district from Unibail-Rodamco. The parties agreed not to disclose the purchase price.
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PropertyEU Archive
Rockspring fund sells Finnish shopping centre
UK fund manager Rockspring Property Investment Managers has divested the Kompassi shopping centre in Finland to Osuuskauppa H盲meenmaa, a co-operative of the Finnish retail group S-Group. The companies agreed not to disclose the purchase price.
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PropertyEU Archive
Skanska starts second phase of office project in Malm枚
Skanska is to invest around SEK 215 mln (EUR 22 mln) in the second phase of the Bass盲ngkajen office project on Universitetsholmen in Malm枚, Sweden, the Swedish constsruction giant said on Thursday. This phase comprises about 7,800 m[sup]2[/sup] of modern and energy-efficient office premises over seven floors with an underground ...
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PropertyEU Archive
Pirelli RE targets sales of EUR 1.3-1.5 bn in 2010
Pirelli RE is targeting real estate sales in the range of EUR 1.3 -1.5 bn in 2010, the Italian company said in a press release announcing its 2009 earnings. The figure is slightly above last year's achieved target of EUR 1 bn, which was realised in Italy, Germany and Poland ...
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PropertyEU Archive
NREP raises EUR 165m for Nordic Logistics Fund (SE)
Nordic Real Estate Partners (NREP) said it has raised SEK 1.6 bn (EUR 165 mln) at the closing of its fourth Nordic fund NREP Logistics. The fund will focus on prime logistics properties in key hub locations throughout the Nordics.
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PropertyEU Archive
Madrid to see more foreign investor activity in 2010: Savills
Madrid's office investment market is set to witness further foreign investor activity in 2010 as the trend for sale-and-leaseback transactions continues beyond the banking sector, according to property adviser Savills.
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PropertyEU Archive
Investment activity picks up in Poland: C&W
Investment in Polish commercial property picked up in January and February, with transaction volumes close to the levels recorded for the whole of 2009, according to Cushman & Wakefield's latest report on the Polish market.
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PropertyEU Archive
IVG sees losses narrow after restructuring programme
German property company IVG Immobilien recorded a consolidated net loss of EUR 158 mln in 2009, down from a loss of EUR 451.7 mln the previous year, reflecting the first results of a restructuring programme implemented in the course of last year.
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PropertyEU Archive
'Apollo Management to buy Citigroup's property unit'
Apollo Management has agreed to buy Citigroup's real estate investment unit, according to a report by newswire Bloomberg.
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PropertyEU Archive
Redevco appoints new managing director in Belgium
Dutch property company Redevco has announced that Eric van Dyck (47) is to succeed Marc van Heddeghem as managing director of Redevco Belgium by the end of this year. Van Heddeghem will retire at the beginning of 2011 as planned.
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PropertyEU Archive
More distressed assets seen hitting market but in fewer countries: RICS
Real estate professionals in 25 countries expect more distressed properties to come onto the market in Q1 2010, although in fewer countries than in the latter half of 2009, according to the latest Global Distressed Property Monitor from the Royal Institution of Chartered Surveyors (RICS). The survey is based on ...
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PropertyEU Archive
VastNed Retail buys high-street store in Istanbul
Listed pan-European retail property fund VastNed Retail said it has acquired a store in Istanbul for EUR 18 mln, in line with its strategy of buying high-street shops in prime locations.
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PropertyEU Archive
Herald fund buys retail warehouse park in Germany
Henderson Global Investors' EUR 900 mln pan-European retail property fund Herald has acquired a retail warehouse park in the German city of Giessen for around EUR 30 mln from the Metro Group, reflecting a yield of around 8%.
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PropertyEU Archive
CBRE Investors launches defined contribution fund
CB Richard Ellis Investors has launched a UK direct property fund for Defined Contribution (DC) pension investors. The fund will, for the first time, allow DC pension investors to access a fund run by a purely property specialist investment manager.
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PropertyEU Archive
German retail investment down 43% in 2009: CBRE
Investment in the German retail property sector amounted to EUR 3.47 bn in 2009, down 43% on the previous year, according to figures published on Tuesday by CB Richard Ellis Germany. The decline, which was in line with expectations, was primarily due to more difficult financing conditions and an accompanying ...
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PropertyEU Archive
Rockspring acquires EUR 44m of property in UK
Rockspring Property Investment Managers has announced that it has acquired two properties in Milton Keynes in England and Merthyr Tydfil, Wales. The acquisitions with a total investment volume of almost 拢40 mln (EUR 44 mln) were carried out on behalf of the Rockspring UK Value Fund (RUKV) and the Rockspring ...
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PropertyEU Archive
BBVA set to sell 92 properties across Spain
Spanish lender BBVA is seeking to divest 92 vacant commercial properties across Spain in an auction process to be completed later this month. The bank hopes to fetch a minimum of EUR 63 mln from the sale of the portfolio, which comprises office and retail properties in Andaluc铆a, Arag贸n, Baleares, ...
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PropertyEU Archive
Cosgrave Group appoints CBRE to sell Oxford St.assets
Irish developer Cosgrave Property Group has appointed CB Richard Ellis as the sole selling agent for two assets it owns on Oxford Street in London after a number of prospective purchasers expressed an interest.
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PropertyEU Archive
Stockholm mayor to outline holistic sustainability approach at Mipim
Stockholm mayor Sten Nordin is to outline his vision of a 'holistic approach' for sustainable urban development during a keynote address at the Mipim property fair on 17 March. He will also explain the importance of identifying the synergies between urban functions and the best-adapted technical solutions.
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PropertyEU Archive
'Commerz Real in talks on Bonarka centre'
German fund manager Commerz Real is in exclusive talks with CEE property developer Trigranit to buy a stake in its Bonarka shopping centre in the Polish city of Krakow, according to reliable sources. In an interview with PropertyEU, Trigranit's Chief Investment Officer Zsolt Szabo declined to comment on the report. ...
