All PropertyEU Archive articles 鈥� Page 1948
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PropertyEU Archive
SRV, Baltic Pearl team up to develop EUR 125m Russian mall
Finnish property company SRV is joining forces with Chinese property group Baltic Pearl CJSC to develop a $180 mln (EUR 125 mln) shopping centre in the Russian city of St Petersburg. The two companies have signed a letter of intent for the creation of a 50/50 joint venture which will ...
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PropertyEU Archive
GlaxoSmithKline renews 2,385m[sup]2[/sup] lease in Budapest
Cushman & Wakefield (C&W) has completed the lease renewal for 2,385 m[sup]2[/sup] office space at Mom Park Office Towers in central Budapest with pharmaceuticals giant GlaxoSmithKline .
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PropertyEU Archive
MGPA Europe Fund III invests EUR 236m in Polish retail
MGPA, the private equity real estate investment advisory company, has completed the acquisition of two new shopping centres in Poland for EUR 187 mln or EUR 1,765 per m[sup]2[/sup]. The deal marks the largest real estate transaction in Poland since 2007.
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PropertyEU Archive
Prime City rents record first rise in 3 years
A flurry of major office lettings in the last three months boosted London鈥檚 office market to 6.4 million sq ft (594,000 m2) in 2009, according to new figures from Cushman & Wakefield. Some 41% of the year鈥檚 total take-up of office space took place in the last quarter as corporates ...
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PropertyEU Archive
Telereal Trillium appoints CBRE to advise on 拢475m sale
Telereal Trillium has appointed CB Richard Ellis to advise on the potential sale of the Oak Portfolio. The UK-wide portfolio comprises 55 assets principally let to Royal Bank of Scotland until 2037, with the leases benefitting from annual Retail Price Index (RPI) rental uplifts. CBRE said that it is aiming ...
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PropertyEU Archive
IFM closes office deals for over EUR 66.5m
German investor IFM Immobilien has sold the office property westendFirst in Frankfurt am Main to Bayerische Apothekerversorgung for EUR 55 mln.
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PropertyEU Archive
Barclays takes 7% stake in Metrovacesa
British bank Barclays has acquired a 6.98% 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
Viveris Reim buys EUR 80m portfolio from Casino
French asset manager Viveris Reim has acquired a commercial property portfolio from retailer Casino for around EUR 80 mln. The acquisition was made through the group's SPPICAV RFA Viveris Odyss茅e investment vehicle, which counts several institutional parties among its investors. Casino holds a minority interest in the vehicle.
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PropertyEU Archive
Redevco acquires prime retail property in Groningen
Redevco Netherlands has acquired a retail property, plus commonhold covering 1,500 m[sup]2[/sup] at Herestraat 72-74 on the main shopping street of the northern Dutch city of Groningen. The financial details of the transaction were not disclosed.
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PropertyEU Archive
HIH agrees forward acquisition of Hochtief's maxCologne project
Hamburg-based real estate group Hamburgische Immobilien Handlung (HIH) has acquired the maxCologne project from developer Hochtief prior to the start of construction. The office project in Cologne has been purchased for an institutional special fund of Warburg-Henderson in which Rheinische Versorgungskassen is the sole investor. The financial details were not ...
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PropertyEU Archive
Segro's Continental European boss steps down
London and Paris-listed real estate company Segro announced on Monday that In猫s Reinmann, managing director of Continental Europe, has resigned from the board with immediate effect. Reinmann was appointed as an executive director on 1 November 2008 having joined Segro in October 2007. She was responsible for the Continental Europe ...
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PropertyEU Archive
Kefren in talks with investor for capital injection
Sweden's Kefren Properties said on Wednesday that it has initiated negotiations with a potential investor for a capital injection that will allow it to improve its financial position. The operation comes after the company revealed a breach of its loan-to-value covenant in December, prompted by a sharp drop in the ...
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PropertyEU Archive
Fee changes limited despite market conditions
Only 22 out of 268 funds altered their fee terms in 2009, according to the latest report from Inrev, the organisation for non-listed real estate investors.
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PropertyEU Archive
Deal in depth: Generali buys in Milan after EUR 1b fund launch
The property arm of Italian insurance giant Generali is on the prowl for acquisitions after closing a capital-raising last summer for a new EUR 1 bn real estate investment fund called Mascagni.
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PropertyEU Archive
ING REIM fund sells portfolio in biggest Dutch deal of 2009
ING Real Estate Investment Management (ING REIM) has sold a portfolio of 39 office properties to a consortium of private investors. The investment volume is estimated to be about EUR 376 mln.
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PropertyEU Archive
Union Investment ranks among top 3 buyers in 2009
Union Investment has emerged as one of the most active buyers of European commercial property in 2009, according to the latest PropertyEU ranking of top investment deals. The Hamburg-based open-ended fund manager accounted for a transaction volume of EUR 1.2 bn over the year, ahead of Deka Immobilien with EUR ...
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PropertyEU Archive
Germany starts 2010 on optimistic note: King Sturge
The December survey of the monthly King Sturge Real Estate Economy Index shows a considerable, across-the-board upturn of indicators - including the subjective sentiment barometers along with the macro-economically driven Real Estate Economic Situation. The poll-based Real Estate Climate gained by 6.6% in December, climbing from 79.8 to 85.1 index ...
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PropertyEU Archive
C&W appointed letting agent for K3 in Hungary
Cushman & Wakefield (C&W) have been appointed as the co-exclusive letting agents for the K3 office building on behalf of the owner, Hungarian real estate Wing.
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PropertyEU Archive
Fabege sells historic property in Gamla Stan for EUR 35m
Listed Swedish real estate firm Fabege has announced the sale of the Aeolus 1 building in Gamla Stan, the old town of Stockholm, with an underlying property value of SEK 360 mln (about EUR 35 mln). The buyer is Swedish firm Dina F枚rs盲kring and the transfer date is 1 March ...
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PropertyEU Archive
Patrizia completes EUR 39m in sales
German real estate group Patrizia Immobilien has finalised the sale of 215 residential and five commercial units as two block sales. The sales volume of both block sales comes to a total of EUR 39.1 mln.
