All PropertyEU Archive articles 鈥� Page 1937
-
PropertyEU Archive
Redevco Switzerland sells C&A property in Chur
Redevco Switzerland has sold its C&A property in Chur to Anlagestiftung der UBS f眉r Personalvorsorge (UBS Pension Fund). The property, with a GLA of 2,992 m2, is located in the centre of Chur, Switzerland鈥檚 oldest town and the capital of Graub眉nden (Grisons). The sale reflects its strategy of rebalancing the ...
-
PropertyEU Archive
Russian market has reached nadir: C&W
Commercial real estate market of Russia has already passed its nadir, according to global consultants Cushman & Wakefield in its quarterly report for Q4 2009. The report also claims occupiers are much more active than a year ago.
-
PropertyEU Archive
Danone sells its Polish headquarters
Property adviser Cushman & Wakefield announced on Monday that it has represented Danone in the sale-and-leaseback transaction by the French food products multinational of its main office building in Poland. The financial details were not disclosed.
-
PropertyEU Archive
ECE, SES launch JV to develop projects in Italy
Hamburg-based ECE Projektmanagement and Austria's SES Spar European Shopping Centers are partnering in a new joint venture to develop and manage shopping centres in Italy. Both companies have an equal share in the new partnership, SES-ECE-Management, which is based in Salzburg and will be led by SES' President Marcus Wild ...
-
PropertyEU Archive
Legal & General launches LPI Income Property Fund
Legal & General has launched a new 拢500 mln (EUR 570 mln) fund product which the UK financial services group said offers Defined Benefit pension schemes an innovative way to invest in property coupled with a secure source of income, primarily government-backed, all with inflation-linkage. The LPI (Limited Price Inflation) ...
-
PropertyEU Archive
Real I.S. seeks KAG status in Germany
Real I.S. has said it intends to launch special funds under German investment law for institutional investors itself in future. To this end, Real I.S. has applied to the German Federal Financial Supervisory Authority (BaFin) for the licensing of its newly founded subsidiary as a German KAG (investment company).
-
PropertyEU Archive
Inrev launches online index tools
Non-listed real estate fund body Inrev is introducing two new index tools to enable fund managers to benchmark performance. Inrev argues that the ability to benchmark performance of funds is already essential in a normal market but even more so in today鈥檚 environment.
-
PropertyEU Archive
Unibail-Rodamco to acquire Simon Ivanhoe's European portfolio
Unibail-Rodamco has entered into an agreement to acquire Simon Ivanhoe for EUR 715 mln. Under the deal, Europe's largest listed real estate company will gain control of a portfolio of shares in seven shopping centres in France and Poland. Simon Ivanhoe is the jointly held European subsidiary of the Simon ...
-
PropertyEU Archive
Sunny Day Capital launched for UK market
Didier Tandy and Stephen McBride, former Valad/Scarborough/Teesland colleagues, have launched a new property investment and development company - Sunny Day Capital - with plans to take advantage of opportunities currently in the UK property market.
-
PropertyEU Archive
MIPIM investor registration figures up 12%
Some 2,300 international investors have registered for the 21st edition of MIPIM (Cannes from March 16-19), a 12% increase on the same period in 2009, in a sign of improved confidence in the real estate market and economic recovery, the organisers announced on Thursday.
-
PropertyEU Archive
PensionDanmark invests EUR 134m in commercial property
PensionDanmark has acquired five commercial properties for EUR 134 mln and announced plans to 'significantly' increase its exposure to real estate over the next 2-3years. In a recent statement, the Danish pension fund said that it intends to increase its property portfolio to EUR 1.2 bn, from roughly EUR 750 ...
-
PropertyEU Archive
Penta to invest EUR 200m in first Czech project
Penta Investments has acquired the Czech Typography building complex from the Austrian firm S+B CEE Beteiligungsverwaltungs. The property, formerly known as Rud茅 Pr谩vo building, is situated in Prague 1 between Na Florenci Street and Na Porici Street.
-
PropertyEU Archive
CBRE posts 8% rise in EMEA revenues in Q4 2009
CB Richard Ellis reported revenue for the EMEA region, which mainly consists of operations in Europe, rose 8% to $287.1 mln (EUR 205 mln) for the fourth quarter of 2009 from $266.5 mln in the year-earlier period. The real estate adviser reported fourth-quarter operating income of $48.4 mln from the ...
-
PropertyEU Archive
JLL sees EMEA revenues fall 26% in 2009
Jones Lang LaSalle said revenue from the EMEA region fell 7% to $226 mln (EUR 162 mln) in the final quarter of 2009 compared with $243 mln in the year-earlier period as transaction volumes continued to slide across the region. Full-year revenue was down 26% at $644 mln compared with ...
-
PropertyEU Archive
Double-digit rental growth for London offices in 2010: Knight Frank
Offices in central London are set to record double-digit rental growth in 2010, according to Knight Frank.
-
PropertyEU Archive
Irish investor buys Sofia building for EUR 22.5m
Irish property investment company West Incorporated has acquired the Telephone Palace landmark office building in Sofia for EUR 22.5 mln. The company plans to invest more than EUR 100 mln in redevelopiment of the property, located in the heart of Bulgaria's capital city.
-
PropertyEU Archive
London & Stamford acquires distribution unit for EUR 38m
London & Stamford Property has completed the acquisition of the freehold distribution unit at Tamworth for 拢33.3 mln (EUR 38 mln) from Clerical Medical Investment Group. The transaction which was announced on 29 January reflected an initial yield of 9.5%.
-
PropertyEU Archive
TMW Pramerica sells Zurich asset for EUR 40m
Prudential Financial's property investment arm, TMW Pramerica, has sold an office building located in Pf盲ffikon near Zurich for around CHF 59 mln (EUR 40 mln). The buyer is the French investor Axa Investment Management. The property was held by TMW Immobilien Weltfonds vehicle.
-
PropertyEU Archive
SibStroyInvest gets EUR 60m financing for Aura mall
SibStroyInvest, a joint venture between Turkish shopping mall developer Renaissance and private equity group Amstar Global Partners, has received a EUR 60 mln debt financing from the European Bank for Reconstruction and Development (EBRD) and UniCredit Bank Austria to fund the development, construction and operation of a Class-A retail and ...
-
PropertyEU Archive
AEW Europe sells Benediktinnerring mall
AEW Europe's EPI Oakwood subsidiary has sold the Benediktinnerring shopping centre in Villingen-Schwenningen, in Germany's Black Forest to the German clothing retailer Modepark R枚ther. The companies agreed not to disclose the purchase price. Kemper's Jones Lang LaSalle advised on the transaction.
