All PropertyEU Archive articles 鈥� Page 1932
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PropertyEU Archive
Benson Elliot makes first UK acquisition
Benson Elliot Capital Management, one of Europe's leading private equity real estate firm, has acquired the mixed-used centre CBXII on Midsummer Boulevard in Milton Keynes for 拢20.6 mln (EUR 23.4 mln). The property was acquired from the CASPAR Fund, managed by Henderson Global Investors. The deal reflects an initial yield ...
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PropertyEU Archive
AXA IM extends redemption freeze on Immoselect fund
AXA Investment Managers Deutschland has decided to extend a redemption freeze on its Immoselect open-ended property investment fund for a further nine months. The decision comes after the expiration of a first three-month closing period for the fund.
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PropertyEU Archive
RICS: energy efficiency must be top EU priority
RICS has co-signed a letter calling on European policy makers to focus on the security of supply, competitiveness and climate benefits of energy efficiency during the European Summit.
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PropertyEU Archive
London & Regional offloads Moscow property
UK investor London & Regional Properties has sold the Ulanskiy office complex in the city centre of Moscow to Russian oil group Lukoil. The property offers 7,200 m[sup]2[/sup] of lettable space, of which 5,800 m[sup]2[/sup] are currently vacant.
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PropertyEU Archive
Prologis leases 44,000m[sup]2[/sup] development space in UK
Prologis announced it has signed lease agreements totalling 43,000 m[sup]2[/sup] to two customers in the UK. 'Recent first-quarter lease activity in the UK has filled two newly developed distribution centers,' said Andrew Griffiths, managing director of Prologis UK. 'While we are still facing a challenging market environment, these new lease ...
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PropertyEU Archive
German investment volume seen rising to EUR 16-18 bn in 2010
A vast majority of investors and companies believe the German real estate investment market will remain attractive in 2010, with the number of people sharing this view rising to 80% from 66% last year. This is one of the key findings of Ernst & Young Real Estate鈥檚 annual trend survey ...
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PropertyEU Archive
SNS Property Finance books loss in 2009
SNS Property Finance booked a loss of EUR 219 mln in 2009, it emerged on Thursday at the presentation of the annual results of parent company SNS Reaal. The Dutch financier is planning to wind down its international real estate portfolio by 2012 and will concentrate in future on its ...
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PropertyEU Archive
Standard Life acquires East Kilbride Retail Park for EUR 21m
Standard Life Investments has announced its acquisition of the East Kilbride Retail Park, Scotland on behalf of Standard Life Investments' UK Property Fund, for 拢18.1 mln (EUR 21 mln). The investment volume reflects a yield of 6.54%.
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PropertyEU Archive
Sj忙ls酶 sells three retail projects in Sweden for EUR 43 mln
Copenhagen-listed real estate development group Sj忙ls酶 has entered into an agreement with Alecta Pensionsf枚rs盲kring to sell three retail projects in Sweden for SEK 427 million (EUR 43 mln). Alecta is one of the largest pension funds in Sweden with more than 1.7 million customers.
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PropertyEU Archive
Deka Immobilien acquires office project in Stockholm from Skanska
Construction giant Skanska has sold its ongoing office project Bylingen in Stockholm to Deka Immobilien for SEK 576 mln (EUR 58 mln). Deka is contributing the property to its WestInvest ImmoValue property fund. The property is fully leased and comprises about 14,500 m[sup]2[/sup] of office space and studios for media ...
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PropertyEU Archive
La Lucette announces sale of La Colisee to Allianz
Morgan Stanley's French property investment vehicle La Lucette announced that it has signed a preliminary agreement with German insurance group Allianz to sell the Colis茅e office building in Courbevoie, north-west of Paris. Although the financial details were not disclosed, market experts indicate that the transaction amounts to around EUR 160 ...
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PropertyEU Archive
Alpstar Capital announces new head of real estate
Alpstar Capital, a European asset manager and investment advisor, has announced the appointment of Biren Amin as Head of Real Estate, a new position for the company.
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PropertyEU Archive
Cordea Savills boosts institutional business team
Cordea Savills, the international property fund manager, has announced the appointment of Charles Smith as Associate Director for its institutional business team.
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PropertyEU Archive
CBRE strengthens Corporate Services team
CB Richard Ellis has strengthened its Global Corporate Services (GCS) team in the Europe, Middle East and Africa region with the appointment of Senior Directors Paul Copeland and Ralph Holland.
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PropertyEU Archive
CBRE Investors reshuffles European top management
Global investment manager CB Richard Ellis Investors has announced the appointment of a new three-strong team to lead its Continental European operations. The move, with immediate effect, was sparked by the resignation of CBRE Investors' former president and CEO, Thibault de Valence and Fran莽ois Lex, which decided to pursue new ...
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PropertyEU Archive
Multi restarts construction of New Karolina
Multi Development Czech Republic has announced the restart of construction of its major inner-city development in Ostrava after a one-year break due to the financial crisis. This follows Multi鈥檚 recent announcement of closing the EUR 99 mln funding deal through a syndicated loan from four banks.
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PropertyEU Archive
ING RED puts Dolce Vita Tejo mall on the market
ING Real Estate Development is in talks with a number of investors to sell its EUR 300 mln Dolce Vita Tejo shopping centre in Lisbon, Portugal. An ING RED spokesperson confirmed to PropertyEU on Thursday that the shopping centre has been put up for sale, without adding details on the ...
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PropertyEU Archive
MPL offers UK fund to German inverstors
Managing Partners Limited (MPL) has launched a property fund for German investors: the British Property Opportunities Fund. The international fund manager said on Thursday that the open-ended investment vehicle gives German investors 'the opportunity to invest in one of Europe鈥檚 most exciting property markets where deep discounts are available'.
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PropertyEU Archive
WP Carey completes 2nd tranche of Eroski sale-and-leaseback deal
WP Carey announced on Wednesday that is has completed the second tranche of a EUR 74 mln corporate sale-and-leaseback transaction with Eroski. The second tranche, totalling EUR 36 mln, is for the purchase of 16 retail facilities from the Spanish supermarket operator. The first tranche, totalling EUR 38 mln and ...
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PropertyEU Archive
Fonci猫re des Murs sells 4 hotels for EUR 24m
Fonci猫re des Murs, the hospitality property arm of Fonci猫re des Regions, has announced the sale of four hotels in France to a number of family offices for EUR 24 mln. The hotels, which are operated under the Ibis and Etap brands, are located in the cities of Nantes, Lille, Courbevoie ...
