All PropertyEU Archive articles 鈥� Page 1952
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PropertyEU Archive
Intershop sells Winterthur-Seen mall for EUR 37m
Swiss listed real estate group Intershop has transferred ownership of its Winterthur-Seen shopping centre to Swiss investment and pension group Swisscanto on 31 December. The sale of Intershop's last classic shopping centre for CHF 55.5 mln (EUR 37 mln) was announced in mid-December.
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PropertyEU Archive
Whitbread agrees EUR 40m sale-and-leaseback deal
Whitbread, the UK's largest hotel and restaurant group, has announced that it has exchanged agreements with M&G Investments for the sale-and-leaseback divestment of five properties operating as Premier Inn and adjacent restaurants.
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PropertyEU Archive
HSBC sells Paris HQ for EUR 400m
HSBC France has sold its head office buildings on the Champs-Elys茅es and Rue Vernet in Paris in a EUR 400 mln sale-and-leaseback transaction with private investors represented by French Properties Management.
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PropertyEU Archive
Intesa Sanpaolo buys 5% stake in Pirelli Real Estate
Pirelli Real Estate has sold a further 5% stake in its property fund management business Pirelli & C. Real Estate Societ脿 di Gestione del Risparmio (SGR) to Intesa Sao Paolo for EUR 10 mln. The move will boost the bank's stake in Pirelli RE SGR to 10%.
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PropertyEU Archive
British Land Acquires Segro's 50% interest in retail projects
British Land has acquired Segro's 50% interest in a joint venture with Tesco in the Surrey Quays Shopping Centre in Rotherhithe, South East London and the Clifton Moor Retail Park in York. This is the fifth joint venture British Land has with Tesco.
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PropertyEU Archive
Sofia sees deal boom ahead of new law
The Bulgarian capital of Sofia saw the number of real estate deals in Sofia double in the final weeks of the year ahead of the introduction of a new law which takes effect from January 1 2010 and which will ban all real estate payments made in cash, Bulgarian-language Trud ...
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PropertyEU Archive
Bouygues Immobilier sells Delta Project in Belgium
Bouygues Immobilier Belgium is selling the Delta Project property to a private Belgian investor. When completed the office building will comprise a total surface area of 5,200 m[sup]2[/sup] and 42 parking spaces on Avenue Jules Cockx in 1160 Brussels.
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PropertyEU Archive
IVG's Development boss steps down
Andreas Barth, head of the development division and a board member at IVG Immobilien, has stepped down from his position at the German company. He will remain available, however, in an advisory role until the end of 2010.
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PropertyEU Archive
Hansainvest buys office building in Paris
German fund manager Hansainvest announced shortly before Christmas that it has acquired an office building in Paris for EUR 106 mln from GE Capital Real Estate France. The 12,380-m[sup]2[/sup] property is located at Place des Vins de France in the Bercy district of the French capital.
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PropertyEU Archive
Union Investment buys Lisbon tower
Union Investment has acquired the Torre Oriente in Lisbon for approximately EUR 70 mln from the consortium owner of the Colombo Towers project. The consortium comprises Caixa Geral de Dep贸sitos Group, Iberdrola Inmobili谩ria, ING Real Estate and Sonae Sierra.
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PropertyEU Archive
SEB buys retail centre in Munster
SEB Asset Management has acquired a newly-built retail centre with hotel in the centre of M眉nster from Dortmund-based developer Harpen Immobilien Gesellschaft. The overall investment costs amount to about EUR 68 mln.
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PropertyEU Archive
CEE investment continues slow increase: CBRE
Commercial property investment activity in Central and Eastern Europe (CEE) continued to increase slowly in October and November 2009, totalling a provisional EUR 432 million in 11 transactions, according to the December edition of CB Richard Ellis' CEE Property Investment MarketView. Year-to-date investment turnover for the region stands at just ...
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PropertyEU Archive
Colonia demands wind-up of fund with HSH Nordbank
Germany's Colonia Real Estate has said it sees no basis for a continued working relationship with HSH Equity Partner due to the continuing negative news coverage of the HSH-Nordbank Group and the resulting severe impact on sales. This relates particularly to the closed-end real estate fund HGA/Colonia CareConcept I.
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PropertyEU Archive
Eurocommercial finalises EUR 100m mall acquisitions
Eurocommercial announced this week that it has completed the acquisition of Centre Commercial Plaine de France in Moisselles in the Val d'Oise, Paris region, and Centro Commerciale I Portali in Modena, Emilia Romagna northern Italy, for a total cost of approximately EUR 100 mln.
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PropertyEU Archive
Unite sells student housing assets to fund for EUR 107m
The Unite Group, a leading developer and manager of student accommodation in the UK, has sold a portfolio of five assets to the Unite UK Student Accommodation Fund for 拢95.4 mln (EUR 107 mln). The transaction followed the successful completion of the 拢167 mln capital raising, inclusive of Unite鈥檚 co-investment, ...
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PropertyEU Archive
L&G acquires Covent Garden portfolio for EUR 134m
Legal and General Property has acquired ING Covent Garden Limited Partnership's entire investment portfolio for 拢119.5 mln (EUR 134 mln), reflecting a net initial yield of 6.75%.
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PropertyEU Archive
Kesko carries out EUR 150m sale-and-leaseback operation
Nordic-Baltic retail group Kesko has sold 13 stores in different parts of Finland to Varma Mutual Pension Insurance Company in a sale-and-leaseback transaction. The debt-free selling price of the properties is EUR 156 mln.
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PropertyEU Archive
Kungsleden to sell 22 properties for EUR 44m
Listed Swedish property company Kungsleden has reached an agreement to sell 22 commercial properties for a total net price of SEK 460 mln (EUR 44 mln) after deducting taxes and transaction costs. The property yield amounts to approximately 7% and the estimated profit after tax is SEK 55 mln.
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PropertyEU Archive
GRR wins mandate to manage EUR 240m of assets
Germany's GRR Real Estate Management (GRR REM) has said it has received a mandate from an international investor for the management of assets totalling around EUR 240 mln. The portfolio consists of 42 properties located throughout Germany. Predominantly in the retail sector, the properties have a total area of just ...
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PropertyEU Archive
AIK shops in Brussels with EUR 25m acquisition
Germany's APO Immobilien-Kapitalanlagesellschaft (AIK) said it has acquired an office building in the central business district of Brussels for a total of EUR 25 mln. The asset is earmarked for one of the company's special property funds.
