All PropertyEU Archive articles 鈥� Page 1942
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PropertyEU Archive
Risanamento sells portfolio to Gruppo Ipi
Italian real estate developer Risanamento said that it has completed the sale of a real estate portfolio consisting of a number of projects and buildable land to Gruppo Ipi for around EUR 43 mln. The disposal, first agreed in August last year, is part of the company's debt restructuring plan.
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PropertyEU Archive
LaSalle secures lease on major Paris warehouse unit
LaSalle Investment Management has announced that, on behalf of the LaSalle French Fund II, it has completed a lease on a major warehouse unit in Paris, France with POINT P, part of the Saint Gobain Group.
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PropertyEU Archive
Max acquires 10 offices from UBS Triton
Max Property Group announced on Monday that it has exchanged contracts for the acquisition of 10 office investments in the UK from UBS Triton Property Fund.
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PropertyEU Archive
Green buildings command 16% sales premium: RICS
Research indicates that green buildings can command up to a 16% premium on being sold compared to a conventional property, according to the Royal Institute of Chartered Surveyors (RICS). RICS' chief executive Louis Armstrong said research findings also indicated green buildings can attract a rental premium of between 3% and ...
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PropertyEU Archive
Sicilcassa fund to sell EUR 300m portfolio
Italy's Sicilcassa pension fund has reportedly selected three potential buyers for the final stage of bidding to acquire its EUR 300 mln real estate portfolio in Italy.
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PropertyEU Archive
BNP Paribas REIM carries out EUR 388m of transactions
BNP Paribas Real Estate Investment Management said that it has carried out EUR 388 mln worth of transactions on behalf of its funds during 2009. This compares to some EUR 454 mln worth of deals completed in 2008, and some EUR 374 mln in 2007.
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PropertyEU Archive
La Caixa takes 5% stake in Metrovacesa
Spanish bank La Caixa has acquired a 5.18% stake in Spanish property giant Metrovacesa after exercising options on shares held by the group's former owners, the Sanahuja family.
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PropertyEU Archive
Landon Investments buys insurer's Barcelona HQ for EUR 50m
Landon Investments, the investment company of the Spanish Gallardo family, has acquired the head office of Swiss insurance giant Zurich in Barcelona for EUR 50 mln, Spanish paper Real Estate Press has reported. CBRE advised the buyer on the transaction.
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PropertyEU Archive
European hotel investment down 50%: C&W
Investment in EMEA hotels fell by over 50% in 2009, according to new research from Cushman & Wakefield Hospitality. Total investment volumes totalled EUR 3.2 bn in 2009 against EUR 6.4 bn in 2008, with 50% by value in 2009 being distressed sales. The 2009 total marked an 85% fall ...
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PropertyEU Archive
Liberty receives 拢525m loan for Lakeside mall
UK REIT Liberty International said on Friday that it has received a new seven-year financing facility from a consortium of seven banks for the Lakeside shopping centre in Thurrock, near London. The 拢525 mln (EUR 600 mln) funding was arranged by WestImmo and Eurohypo and the lenders are DekaBank, Eurohypo, ...
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PropertyEU Archive
Aviva teams up with Predica to develop Carpe Diem tower
Insurance groups Aviva France and Predica are teaming up to develop the Carpe Diem office tower project at Paris' La Defense business district. In a joint statement on Monday, Aviva France, part of the UK-based Aviva insurance group, and Predica, a subsidiary of Cr茅dit Agricole Assurances, said they expect to ...
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PropertyEU Archive
Estcapital closes RealEnergy fund
Italian fund manager EstCapital has closed the first round of fundraising for its RealEnergy investment vehicle, Italy's first fund to invest in energy-producing real estate assets. The vehicle, which is marketed and managed by EstCapital's Palladium SGR unit, raised over EUR 20 mln from private and institutional investors at a ...
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PropertyEU Archive
Knight Frank sells Moulin Rouge
Property services firm Knight Frank has advised on the sale of a mixed-use development which includes Moulin Rouge, home to the Parisian cabaret named after the large red imitation windmill on its roof. The financial details of the transaction were not disclosed.
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PropertyEU Archive
James Lapushner leaves Morgan Stanley in Germany
James Lapushner has resigned as executive director and head of real estate acquisitions for Germany at Morgan Stanley, a spokesman for the firm in London confirmed on Monday. Lapushner will leave the company at end-March.
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PropertyEU Archive
Cordea Savills launches 拢1b UK fund
International property fund manager Cordea Savills has launched an open-ended UK commercial property investment vehicle targeting a size of 拢1 bn (EUR 1.14 bn). The Cordea Savills UK Income and Growth Fund will invest in prime assets offering secure income streams across the main commercial sectors, including office, retail and ...
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PropertyEU Archive
PropertyEU records EUR 64b of deals in 2009
A surge of activity by European real estate investors in the last quarter of 2009 pushed the aggregate volume for the year to over EUR 64 bn, according to updated figures from PropertyEU Research. Almost 80% of the total comprised of transactions of EUR 50 mln-plus.
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PropertyEU Archive
Prologis closes on EUR 622m of funding
European logistics operator Prologis has completed four financings worth a total of EUR 622 mln for its European property funds. The Prologis European Properties (PEPR) fund has received three new four-year loans of EUR 441 mln and will use the proceeds to refinance outstanding debt, the company said.
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PropertyEU Archive
Property industry nears escape from accounting upheaval: EPRA
Proposed changes to accountancy rules that would have seen property values and rental income figures removed from the balance sheets of property companies are close to being thrown out, according to the European Public Real Estate Association (EPRA).
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PropertyEU Archive
Deloitte buys Driver Jonas to create new real estate advisory group
Deloitte, the accountancy firm, has acquired Drivers Jonas, the oldest property advisory firm in the UK, to create a 'new model in the real estate advisory market'. The deal will create a real estate group of around 700 partners and professionals, significantly extending Deloitte's capability in the market.
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PropertyEU Archive
West End again the world's most expensive office location: DTZ
London's West End is once again the most expensive location in the world for office space occupiers, according to DTZ's latest Global Occupancy Costs survey. Ranked fifth in last year's survey, London's West End has taken the number one spot, displacing Tokyo.
