All PropertyEU Archive articles 鈥� Page 1951
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PropertyEU Archive
SEB acquires first property in Austria
SEB Asset Management has acquired its first property in Austria for its SEB Europe REI real estate special fund from Dutch developer Redevco. No financial details were disclosed.
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PropertyEU Archive
UK bank lending restricted by lack of suitable stock
Only 12% of UK banks are willing to extend commercial property loans of over 拢100 mln. This is one of the conclusions of a survey-based analysis by Jones Lang LaSalle of the UK banking sector鈥檚 approach to commercial property lending between now and 2011. The survey indicates, however, that loan ...
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PropertyEU Archive
Colliers International merges with FirstService REA
Colliers International and FirstService Real Estate Advisors have announced they will combine their operations and global real estate services platforms. The combined entity will assume FirstService REA鈥檚 operating and partnership model and operate as Colliers International in 61 countries around the world.
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PropertyEU Archive
Nabarro concludes two deals for Hermes at year-end
Nabarro LLP has concluded two concurrent deals for its client Hermes REIM ahead of the Christmas break. The first, completed on 23 December, was the acquisition of the 18-property Hawk portfolio acquired from Friends Provident. The portfolio contains high-street retail, office, retail warehouses and multi-let industrial estates with over 100 ...
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PropertyEU Archive
Vivacon in land deal with Immovation
German listed company Vivacon has sold the Salamander area in Kornwestheim to Immovation Immobilien Handels in Kassel. Financial details were not disclosed.
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PropertyEU Archive
Hammerson sells Paris office property at 14% discount
Hammerson, the UK and French real estate investment trust, has announced the sale of the office building at 148, Rue de l'Universit茅, Paris 7猫me to a client of Invesco for EUR 84.5 mln. The price marks a 14% discount to the book value of EUR 97.8 mln at end-June 2009. ...
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PropertyEU Archive
GPR 250 Europe index gains 41.2% in 2009
The GPR 250 Europe Index rose 41.2% over 2009, led by Austria with an increase of 233.5%. The European index outperformed all the other regional indices, with Asia turning in the worst performance over the year with 23.9%.
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PropertyEU Archive
Reyal Urbis sells Ombu tower for EUR 45m
Troubled Spanish property company Reyal Urbis has agreed to sell the Ombu office tower in Madrid for around EUR 45 mln to an unnamed investor. The sale is part of the company's efforts to renegotiate the main terms of its EUR 5 bn debt load.
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PropertyEU Archive
Icade buys Morgan Stanley's 94.5% stake in La Lucette
Icade and Morgan Stanley Real Estate Fund V have entered into a binding framework agreement for the acquisition by Icade of MSREF's 94.5% stake in Compagnie la Lucette, a Paris-listed real estate investment trust.
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PropertyEU Archive
Union Investment buys Hamburg property for EUR 60m
Union Investment Real Estate has acquired the Gesch盲ftshaus Ottensen business premises in Hamburg from Pirelli Real Estate and the B&L Gruppe for EUR 60 mln. The deal follows the purchase of the Mercado shopping centre and the adjacent business premises earlier in 2009.
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PropertyEU Archive
Pirelli RE's Olinda fund sells Milan asset for EUR 65m
Olinda Fondo Shops, a closed-end real estate investment vehicle managed by Pirelli Real Estate, said it has sold an office property in Milan to an Italian private investor for nearly EUR 65 mln. The buyer was not disclosed.
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PropertyEU Archive
BNP Paribas funds buy and sell for EUR 66m
BNP Paribas REIM's asset management arm said that its Estense Grande Distribuzione property investment fund has acquired a retail park located in Camposampiero, Northern Italy, from Doss Spa. The transaction price amounts to around EUR 27 mln.
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PropertyEU Archive
Beni Stabili completes sales above book value
Beni Stabili has completed further sales of nine properties for a total of EUR 38.2 mln during the fourth quarter of 2009. This is slightly more than the book value at 30 September 2009 which stood at EUR 34.9 mln. The company also completed the sale of a property in ...
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PropertyEU Archive
CBRE sees deals concentrated in Big Three
For the coming year, CB Richard Ellis expect further increases in investment volumes in the UK, German and French markets. The adviser made the prediction in a preview of its forthcoming report ' After the Storm: Where Next for European Property?'. It pointed out, however, that the growth rate in ...
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PropertyEU Archive
Bouwfonds REIM buys in Norway and Germany
The Bouwfonds European Residential Fund has acquired properties in Germany and Norway with a total value of EUR 29 mln. The two residential properties in Germany were purchased at a subsantial discount follwoing insolvency proceedings.
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PropertyEU Archive
Max sells business park to Scottish Widows and Centurion
Max Property Group has announced the sale of Southwood Business Park to Scottish Widows and Centurion Properties for 拢16.5 mln (EUR 18.4 mln). The sale price represents a profit of 拢1.8m over the property's September valuation. Net of debt repayment, 拢7.8 mln of cash will be released for new acquisitions.
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PropertyEU Archive
Fabege sells in Nacka and V盲stberga
Swedish property company Fabege has sold its Sickla枚n 145:20 property in Nacka to J盲rla Marknad for SEK 50 mln (EUR 4.8 mln) and its Elektra 20 leasehold to Fastighets AB TESST for SEK 7 mln. Sickla枚n 145:20 comprises a lettable floor area of 3,300 m[sup]2[/sup]. The Electra 20 leasehold property ...
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PropertyEU Archive
Fortis RE acquires Spanish car park firm for EUR 100m
Interparking Group, a 90%-owned subsidiary of Fortis Real Estate, has acquired Spanish car park company Metropark from the Metrovacesa Group.
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PropertyEU Archive
CBRE sees investments hitting EUR 60b in 2009
CB Richard Ellis expects investment activity in the European commercial real estate market to total some EUR 60 bn in 2009, around half of 2008鈥檚 total. In the first three quarters of 2009, the adviser registered around EUR 41 bn of investment deals with a steady increase in activity each ...
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PropertyEU Archive
LB Immo acquires apartments and nursing homes for EUR 30m
LB Immo Invest, the special funds subsidiary of HSH Real Estate, invested just over EUR 30 mln in early December to acquire two nursing homes and three apartment buildings in Germany.
