All PropertyEU Archive articles 鈥� Page 1929
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PropertyEU Archive
CMBS investors approve Karstadt debt restructuring
Bondholders of a CMBS vehicle secured against a Karstadt department store portfolio have given approval for a major debt restructuring, giving some breathing room to the landlords after the German retailer filed for insolvency in June last year.
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PropertyEU Archive
Carlyle gets green light for Italian asset management unit
US private equity group Carlyle has received the go-ahead from the Bank of Italy for the launch of an SGR real estate asset management unit, a Carlyle spokesperson told PropertyEU on Monday. The new subsidiary will be led by CEO Guido Audagna, currently managing director of Carlyle in Italy.
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PropertyEU Archive
Carrefour teams up with Marinopoulous in the Balkans
French hypermarket chain Carrefour said that it is joining forces with Greece's Marinopoulous to develop hypermarkets and supermarkets in the Balkan region. In a statement this week, Carrefour announced the creation of a new joint venture which will seek expansion in Albania, Bosnia, Croatia, Macedonia, Montenegro, Serbia and Slovenia.
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PropertyEU Archive
IVG introduces sustainable compensation model for Board
IVG Immobilien has developed a new compensation and incentivisation model based on sustainable and measurable performance, the German listed company announced on Monday. IVG鈥檚 Board of Management and Supervisory Board agreed at the end of 2009 that the standardised model will apply not only to members of the Board of ...
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PropertyEU Archive
NewRiver and Morgan Stanley launch UK retail JV
AIM-listed NewRiver Retail announced on Monday that it has formed a co-investment joint venture with Morgan Stanley Real Estate Investing (MSREI) to acquire UK retail property assets.
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PropertyEU Archive
HIH buys London office scheme for EUR 124m
HIH Global Invest has acquired an office property in London from German open-ended property fund Degi International for 拢110 mln (about EUR 124 mln).
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PropertyEU Archive
Delancy takes 28% stake in Bournemouth mall
Delancey has acquired a 28% partnership interest in the Castlepoint Shopping Park in Bournemouth on behalf of its 拢1bn (EUR 1.1 bn) European evergreen fund. The UK real estate firm said it clinched the deal following a 'hard fought confidential bidding process'.
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PropertyEU Archive
P3 signs solar panel JV with SolOps
European logistics park developer and operator PointPark Properties (P3) has signed a deal with solar park operator SolOps to rent the roofs of its distribution halls in the Czech Republic. The company said on Wednesday that it will rent out the 335,000 m[sup]2[/sup] roof in its PointPark Prague D1 ...
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PropertyEU Archive
Rockspring secures EUR 74m of transactions for UK value fund
Rockspring Property Investment Managers announced on Friday that it has exchanged on its first three acquisitions totalling 拢66 mln (EUR 74 mln) on behalf of its UK Value Fund. The transactions were in Tyne, London and Aberdeen.
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PropertyEU Archive
Aberdeen acquires Finnish mall from Redevco
Aberdeen European Balanced Property Fund has acquired the Turun Sampotalo property in Finland from Netherlands-based retail property specialist Redevco. The parties agreed not to disclose the purchase price but Redevco acquired the retail and office asset in 2006 for EUR 20 mln.
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PropertyEU Archive
Sunter appointed to CBRE valuations department in Stockholm
CB Richard Ellis has appointed Duncan Sunter to its valuation department in Stockholm. Sunter will be to be responsible for relations with international banks and funds.
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PropertyEU Archive
European office rents stabilising: CBRE
The effects of the economic crisis on demand for office space varied across the world鈥檚 major office markets in 2009, and there are now widespread differences in their rental characteristics, according to CB Richard Ellis' new Global Office Rental Cycle report.
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PropertyEU Archive
Eroski close to further leaseback deals
Spanish supermarket group Eroski is near to concluding further sale-and-leaseback transactions of property assets following on from the recent EUR 74 mln disposal of supermarkets to US investor WP Carey, PropertyEU has learned.
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PropertyEU Archive
Panattoni, SLI sell Polish project to Credit Suisse
US-based logistics property company Panattoni has confirmed the sale of a 28,000 m[sup]2[/sup] logistics project in Myslowice, Southern Poland to Credit Suisse. A Panattoni spokesperson told PropertyEU that the development was held in the Select Property Fund, a vehicle managed by Standard Life Investments which partnered with Panattoni in the ...
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PropertyEU Archive
Reassessing sovereign risk
A salient theme that has emerged from the global financial crisis, and the one that has dominated the headlines ever since Dubai and Greece have stoked fears of a default on their debts, is sovereign risk, writes Nicholas Spiro in his column in the upcoming issue of PropertyEU. Broadly defined ...
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PropertyEU Archive
Landic VI, Hemfosa seal Sweden's largest deal since 2008
Icelandic property company Landic VI has divested a portfolio of 44 properties across Sweden for a total of some SEK 2.3 bn (EUR 235 mln), in the country's largest property transaction since 2008. The buyer is Hemfosa Fastigheter, which has been in negotiations to acquire the portfolio since last summer.
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PropertyEU Archive
Allianz in talks to acquire Porta di Roma mall
German investor Allianz is in exclusive negotiations with Italy's Lamaro Group to acquire the Porta di Roma shopping centre in the northern part of Rome for over EUR 400 mln. The sale by the Toti brothers' Lamaro vehicle is part of a major debt restructuring of the group, which also ...
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PropertyEU Archive
Beni Stabili sells Torino jv interest and buys office property
Beni Stabili has signed an agreement for the sale of its 42.48% interest in the joint venture, Torino Zerocinque Trading, to Gefim Investimenti, which already has a 42.48% stake. The sales price is EUR 24 mln. At end-December, the venture was valued at EUR 19.9 mln.
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PropertyEU Archive
Invesco Real Estate buys in Stockholm
Invesco Real Estate has announced its second acquisition in Scandinavia in 2010 with the purchase of Paradiset 29, a mixed use office and retail property in Stockholm for approximately EUR 82.5 mln. The deal brings the total Invesco has forked out in the region so far this year to EUR ...
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PropertyEU Archive
Lending sentiment improves for prime property: CBRE
The first signs are emerging of a positive shift in sentiment amongst banks since early 2008, albeit heavily concentrated on the top end of the commercial real estate market in Europe, according to CB Richard Ellis. In its latest European Capital Markets report, CBRE says banks now find themselves in ...
