All PropertyEU Archive articles 鈥� Page 1928
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PropertyEU Archive
Alitalia puts five office buildings on the market
Italy's airline group Alitalia has started the sale of a number of office properties in Italy and abroad. The company said its administrator Augusto Fantozzi will manage the procedure which involves the sale of five office buildings located in Sesto San Giovanni (near Milan), Barcelona, Vienna, Buenos Aires and Sao ...
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PropertyEU Archive
Savills to sell Irish embassy in Brussels
International real estate adviser Savills has been exclusively instructed to sell the former Irish Representation headquarters located on Rue Froissart 83 in the Leopold district of Brussels.
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PropertyEU Archive
CBRE to sell Grosvenor House Hotel
CBRE Hotels has been exclusively appointed to sell the Grosvenor House Hotel in London, the adviser announced in a press release. The Grosvenor House is the largest hotel asset to ever come to the EMEA market, the adviser added.
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PropertyEU Archive
Heads roll at German fund manager Degi
B盲rbel Schomberg and Malcolm Morgan have stepped down from the board of managing directors at German fund manager Degi. According to a press release, the pair have decided to step back from their present positions 'for personal reasons'. The news of their resignation comes hard on the heels of massive ...
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PropertyEU Archive
LaSalle IM gears up to seize European opportunities
LaSalle Investment Management has announced that Susan Lloyd-Hurwitz has been appointed to the newly created role of managing director, Europe, and will be the newest member of LaSalle's nine person Global Management Committee. Lloyd-Hurwitz will also be an international director of LaSalle's parent Jones Lang LaSalle.
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PropertyEU Archive
GPR 250 Europe slips -1.3% in February
The European listed real estate sector slipped by -1.3% in February, according to the GPR 250 Europe Index. Several countries recorded negative returns: Norway reported the biggest loss of -14.% (Norwegian Property), followed by Poland (GTC -11.3%), Turkey (Is REIT -10%), France (-3.3%), the UK (-2.6%), Finland (-1.6%), Germany (-0.1%) ...
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PropertyEU Archive
F&C REIT purchases retail arehouses for EUR 20m
F&C REIT Asset Management has exchanged contracts to acquire retail warehouses in Ipswich and Luton, both let to Homebase, for a combined total of 拢18 mln (almost EUR 20 mln).
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PropertyEU Archive
Viveris Reim set to boost its OPCI business in 2010
French fund manager Viveris REIM unveiled plans to strengthen its OPCI fund management business this year through the creation of new partnerships with French corporates looking to divest their real estate. The company said it plans to carry out investments of over EUR 200 mln in 2010, mostly focused on ...
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PropertyEU Archive
KKR buys 250 UK stores
CB Richard Ellis (CBRE) said that it has advised private equity firm Kohlberg Kravis Roberts (KKR) on the purchase of British retailer, Pets at Home, from Bridgepoint and other co-investors for 拢955 mln (EUR 1 bn). The deal represents one of the largest private equity transactions of the past few ...
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PropertyEU Archive
Prupim acquires UK retail park from Henderson at 5.3% yield
Prudential Property Investment Managers (Prupim) has exchanged contracts to acquire the Stanley Green Retail Park in Wilmslow, Manchester for 拢47 mln (EUR 52 mln). The investment volume reflects a net initial yield of 5.3%, the lowest achieved for a retail park in the current market cycle.
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PropertyEU Archive
Pension funds acquire NCC projects in Denmark
Swedish construction firm NCC has sold an office project in the Danish capital Copenhagen to pension fund investor PFA Ejendomme. The transaction relates to the development of a new green head office building for the Danish IT company NNIT. The total investment in the project amounts to approximately SEK 900 ...
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PropertyEU Archive
Activum, Stam Europe buy building in Hannover
European real estate investors Activum SG and Stam Europe have jointly acquired a 19,500-m[sup]2[/sup] office building in the German city of Hanover from Immobilienverwaltungsgesellschaft Grammophon B眉ropark.
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PropertyEU Archive
Nexity targets expansion after curbing debt burden
French listed property developer Nexity will look to expand its activities particularly in the commercial property segment in 2010 after a year spent rebuilding its balance sheet. The company said it was able to significantly improve its financial position in 2009, curbing its net debt by EUR 668 mln over ...
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PropertyEU Archive
Sparkassen's Sun Plaza opens in Bucharest
Austrian property group Sparkassen Immobilien has announced the opening of its flagship Sun Plaza shopping centre in the Romanian capital. The project represents a partnership of the Vienna-based developer with the Romanian-French property company EMCT. The construction of Sun Plaza started three years ago and involved an investment of some ...
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PropertyEU Archive
European housing shows signs of recovery: RICS
The residential markets of Ireland, Spain and Greece were the worst performers in 2009, alongside most central and eastern European countries and the Baltic States where prices declined between -27% to -53%. Nevertheless, signs of recovery are visible in some European housing markets, especially in sales levels and prices, according ...
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PropertyEU Archive
Realia sees loss widen to EUR 54m in 2009
Spanish property company Realia said its net loss increased by 18% to EUR 54 mln in 2009, mostly as a result of hefty writedowns in its property protfolio. Realia, which is controlled by construction group FCC and Spanish lender Caja Madrid, saw the value of its portfolio shed nearly 12% ...
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PropertyEU Archive
Metrovacesa sells Madrid hotel for EUR 50m
Spanish property group Metrovacesa has sold the Hotel Husa Paseo del Arte in Madrid to C茅sar Losada, a Spanish businessman and the majority owner of the hotel investment fund Losan Hotels World. The transaction, which will be carried out through a vehicle fully owned by Losada, amounts to around EUR ...
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PropertyEU Archive
Corio acquires factory outlet development in Toulouse region
Retail property specialist Corio has acquired 75% of the shares of the first phase of the Moulin de Nailloux factory outlet development in the Toulouse region of France for EUR 44 mln. The investment volume reflects a net yield of 8.4%.
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PropertyEU Archive
Schroders set for Italian acquisition spree
UK asset manager Schroders has a EUR 450 mln warchest for potential acquisitions in the Italian commercial property market, Marina Bottero, the group's newly-appointed head of fund management in Italy told PropertyEU in an interview. According to Bottero, Schroders has raised around EUR 180 mln of equity from a range ...
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PropertyEU Archive
Angela Cain named as CEO of CoreNet Global
Angela Cain has been appointed CEO of CoreNet Global, the professional association for corporate real estate (CRE) executives, service providers and economic developers.
