All PropertyEU Archive articles 鈥� Page 1946
-
PropertyEU Archive
Alexander Zahrt joins Savills in Germany
Alexander Zahrt has joined Savills Immobilien Beratungs as senior investment consultant at its Munich office. The Finanzwirt (IHK) and Certified Financial Planner (EBS) has many years of experience in finance and investment. He last worked for Colliers CRE in London where he was responsible for UK/German investment and prior to ...
-
PropertyEU Archive
Azora buys Cristal Park
Yareal Polska has sold the Cristal Park office building in Warsaw to Azora, one of Spain's leading private equity companies with more than EUR 700 mln under management. Completed at end-2009, the deal is just one of a few sales concluded in the Warsaw office market in 2009.
-
PropertyEU Archive
Invesco Real Estate buys in France
Invesco Real Estate has acquired another office building in France for EUR 37 mln from Allianz Real Estate. The deal follows two previous transactions in Paris and Lyon at end-2009. Located on Avenue des Champs-Elys茅es in Paris, the retail and office building will be placed in Invesco's pan-European fund.
-
PropertyEU Archive
Private investors launch Talisman Capital
A number of high net worth investors have backed the launch of a new company - Talisman Capital - to capitalise on the current opportunities in the UK property market. Founded by Mark Hancock and Adam Kerr, the new platform has equity to co-invest and is legacy free. Its management ...
-
PropertyEU Archive
CBRE opens office in Rotterdam
CB Richard Ellis (CBRE) has announced that it will open its fifth office in the Netherlands in April 2010. CBRE will build an additional property team in central Rotterdam to complement its existing network of Dutch offices in Almere (Rietmeijer Huisvestingsadviseurs), Amsterdam, Hoofddorp and The Hague.
-
PropertyEU Archive
Union Investment acquires EUR 1.6 bn worth of assets
Union Investment was again one of the most active players in the European real estate market in 2009. The Hamburg-based property fund manager acquired properties worth EUR 1.6 bn over the past 12 months. A total of 18 properties and projects were purchased for its six open-ended retail and special ...
-
PropertyEU Archive
MOT sells Frankfurt property for EUR 39m
Macquarie Office Trust has agreed terms to sell its Frankfurt property for EUR 39.5 mln (A$61.7 mln). MOT said the sale would contribute further to the Trust''s liquidity and eliminate the need for the Sydney-listed trust to inject EUR 3.8 mln into the loan facility for this property.
-
PropertyEU Archive
Arab Investments buys Sankt Annen Galerie for EUR 53m
London-based Arab Investments has acquired the Sankt Annen Galerie shopping and leisure centre in Brandenburg an der Havel, Germany from High Gain House Investments (HGHI Berlin). The transaction, which is being financed by Eurohypo, involves an investment of around EUR 53 mln. Savills advised Arab Investments on the acquisition.
-
PropertyEU Archive
NordCapital acquires ING RED's Facet project
German investment group NordCapital has acquired the Facet office project in the Netherlands from ING Real Estate Development. The financial details were not disclosed but it is believed the investment volume was EUR 65 mln.
-
PropertyEU Archive
Deka agrees sale-and-leaseback with Tesco in Prague
Deka Immobilien has acquired the Tesco Distribution Centre in the Prague metropolitan area in the Czech Republic. The logistics property is part of the portfolio held by the open-ended property fund Deka-ImmobilienEuropa. The vendor is Tesco Group, the world's third largest grocery retailer. The purchase has been implemented as part ...
-
PropertyEU Archive
KGAL sells Alba unit to Strauss & Partner
German fund manager KGAL has sold its fully-owned Alba BauProjektManagement unit to the Austrian group Strauss & Partner Immobilien. The transaction is part of KGAL's strategy aimed at focusing on the creation and marketing of closed-end funds, the company said.
-
PropertyEU Archive
Hamborner set to become third German REIT
German property company Hamborner has applied for conversion to REIT status with effect from 1 January 2010. The company expects the change in status to be entered in the German Commercial Register in a couple of weeks, after which the company will change its name to Hamborner REIT. If approved, ...
-
PropertyEU Archive
ECE, HSH RE receive green light for Bulgarian mall project
German developer ECE Projektmanagement has received a construction permit for a new shopping centre in downtown Plovdiv, Bulgaria's second largest city, Polish papers reported this week.
-
PropertyEU Archive
CBRE names new head of Sweden
CBRE has appointed Johan Elfstadius to the position of managing director of CBRE's Swedish business. Before joining CBRE, Elfstadius was managing director and CEO of Colliers International's Swedish arm. He brings over 10 years of local market knowledge and experience to CBRE's rapidly growing Nordic operations. He will join the ...
-
PropertyEU Archive
Citycon launches construction of Helsinki shopping centre
Finnish property company Citycon Oyj has unveiled plans to develop a new shopping centre as part of a larger mixed-use project near the metro station of Myllypuro in Helsinki. The project, involving total development costs of EUR 60 mln, will consist of a mall, 255 apartments as well as an ...
-
PropertyEU Archive
Harbert close to launch third European fund
US investment management firm Harbert Management Corporation is planning to launch a third fund targeting European real estate. The company is set to start the marketing of its Harbert European Real Estate Fund III, which will seek to raise EUR 400-500 mln of equity from third-party investors, private equity magazine ...
-
PropertyEU Archive
Rezidor to open new hotel in Russia
Belgian hotel group Rezidor has signed an agreement to open a new hotel in Russia. Park Inn Lipetsk, featuring 237 rooms, is under construction and scheduled to open in 2012. 'This hotel marked our 35th signing in 2009. Despite the challenging climate, we could add almost 7,000 rooms to our ...
-
PropertyEU Archive
Allianz takes 50% stake in Budapest's Allee mall for EUR 100m
Allianz Real Estate Germany and ING Real Estate Development (ING RED) announced on Wednesday that they have reached agreement on the sale of a 50% share in the Allee Shopping Centre in Budapest to Allianz for about EUR 100 mln. ING Real Estate Development will keep the remaining 50% ownership ...
-
PropertyEU Archive
Take-up in major German cities falls 29% in 2009
In 2009 approximately 2 million m[sup]2[/sup] of office space was leased in the five major German office markets of Berlin, D眉sseldorf, Frankfurt, Hamburg and Munich, according to a report by the German subsidiary of real estate adviser Savills. This corresponds to a reduction of 29% when compared to 2008. As ...
-
PropertyEU Archive
BNP Paribas: investment volume set to rise 35% in 2010
BNP Paribas Real Estate sees commercial real estate investment rising 35% in 2010 compared to 2009. 'Investors are making a moderate return to large deals as borrowing conditions have eased and they gain a better understanding of economic and real estate prospects,' the adviser said in its latest report Outlook ...
