All PropertyEU Archive articles 鈥� Page 1955
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PropertyEU Archive
TAG acquires residential portfolio for EUR 43
Hamburg-based property group TAG Immobilien has acquired 787 residential units for a total of EUR 43 mln. The transaction increases the firm's residential portfolio by 51,300 m[sup]2[/sup] or almost 20%. TAG said the deal is being financed by assuming existing bank debt as well as the non-cash issue of 2.4 ...
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PropertyEU Archive
AEW-Mountgrange jv sells retail warehouse at 7%
A joint venture vehicle managed by AEW Europe and Mountgrange Investment Management has completed the sale of a B&Q retail warehouse in Nelson, Lancashire, UK. The property was acquired by IRP Holdings, a fund run by F&C REIT, at a yield of 7%. The sale follows a successful rent review ...
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PropertyEU Archive
Corio in talks to acquire part of Multi's portfolio
Corio revealed on Friday that it has entered exclusive talks with international inner-city retail developer Multi Corporation to acquire part of Multi's portfolio. The statement confirms longstanding market rumours of talks between the two Netherlands-based companies.
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PropertyEU Archive
Major European markets stabilise ahead of expectation: DTZ
European capital city rent indices are indicating stabilisation across all sectors, according to DTZ Research. The Retail and Industrial sectors are returning positive growth figures of 0.4% and 0.13% respectively for Q4 2009, and office markets are expected to turn positive in Q1 2010. This is a result of general ...
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PropertyEU Archive
Siemens RE buys Moscow office building
Germany's Siemens Real Estate has acquired an office building in the Moscow business district of Zamoskvorechye from Russian property company Legion Development. The financial details of this transaction were not disclosed.
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PropertyEU Archive
Fabege signs lease with Vectura in Solna Business Park
Vectura Consulting has signed a lease for 6,300 m2, including 5,900 m[sup]2[/sup] of office space, in Fabege's Fr盲saren 10 property on Svetsarv盲gen 24 at Solna Business Park in Sweden.
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PropertyEU Archive
Swiss Life buys four nursing care facilities from Hochtief
Hochtief Projektentwicklung has sold its nursing care facilities in the German towns of Langweid, Albstadt, Fuldatal and Klettgau to the life assurer Swiss Life. It was agreed the purchase price would be disclosed. The properties, each of which will house up to 80 residents, will be run on the house ...
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PropertyEU Archive
UBS secures Valencia shopping centre
UBS Real Estate, acting on behalf of its fund UBS (D) 3 Kontinente Immobilien, has acquired Ribera del X煤quer shopping centre located in Carcaixent, Valencia, from Grupo Lar and Eroski. The scheme comprises a 22,000 m[sup]2[/sup] of retail gallery and a 12,476-m[sup]2[/sup] Eroski hypermarket and petrol station. The fund has ...
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PropertyEU Archive
Sponda starts development of City-Center scheme
Finnish property investment company Sponda said it is developing a new office and shopping centre in the City-Center commercial complex in Helsinki. The company plans to invest a total of EUR 125 mln in the construction of the mixed-use development, which is being built in several phases and will extend ...
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PropertyEU Archive
Z眉blin prolonged financing in Holland and Germany
Z眉blin Immobilien has successfully concluded its negotiations for upcoming mortgage refinancing obligations in the Netherlands and Germany. All mortgage financing contracts which were due to mature in the coming twelve months have been prolonged. The company also announced that it has sold its property at Avenue Hermann Debroux 17/19 in ...
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PropertyEU Archive
Direct European property investment to reach EUR 70b in 2009: JLL
Direct commercial real estate investment in Europe will reach close to EUR 70 bn in 2009, according to new research from Jones Lang LaSalle. The fourth quarter of 2009 will be the third consecutive quarter of increasing volumes and also the strongest quarter of the year, with almost EUR 25 ...
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PropertyEU Archive
Europe main target of doubling of investment in 2010: DTZ
Europe will be the main target of global investment in 2010, according to a new report by property adviser DTZ that predicts that $315 bn (EUR 219 bn) of capital will be available for investment in real estate worldwide. This is double the US$157 bn of capital transacted in the ...
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PropertyEU Archive
Alpha Pyrenees has LTV convenants removed to 2014
Alpha Pyrenees Trust has reached an agreement with its bankers to remove the loan-to-value covenant tests on its loans for both its French and Spanish portfolios until February 2014 and to extend the term of the Spanish loan to February 2015.
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PropertyEU Archive
Hines launches EUR 250m development fund in Italy
The Italian fund management arm of US real estate developer Hines has launched a new property development fund which will take control of part of Milan's Porta Nuova mixed-use project, worth some EUR 250 mln. The launch of the Porta Nuova Isola fund comes shortly after the closing last ...
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PropertyEU Archive
Sansedoni JV buys EUR 280m portfolio in Italy
Italian property company Sansedoni said it has acquired a portfolio worth around EUR 250-280 mln from a joint venture of Aedes and Cordea Savills. In a statement this week, Sansedoni said it has completed the purchase of five assets - Corti di Baires, Duse, Crocetta, Olona and Cubani - which ...
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PropertyEU Archive
Genesta purchases office building in Oslo for EUR 53m
Genesta has acquired the Grensen 5-7 property in Oslo from Storebrand Eiendomsfond for EUR 53 mln, before deduction for latent capital gains tax.
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PropertyEU Archive
UBS to liquidate $6bn real estate fund - report
Swiss bank UBS plans to dismantle a $6 bn (EUR 4 bn) real estate fund by selling property assets and returning the proceeds to the fund's investors. The Zurich-based lender believes the sale to be in the best interest of investors because it creates liquidity quickly, while preserving value, Dow ...
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PropertyEU Archive
Warburg-Henderson acquires office property in London for EUR 83m
Warburg-Henderson has carried out its fourth acquisition in the UK this year with the purchase of an office property in London for 拢74 mln (EUR 83 mln).
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PropertyEU Archive
Peab sells Swedish Television building in Malmo
Swedish listed property company Peab said it has sold the Swedish Television (SVT) office building at Varvsstaden in Malm枚, southern Sweden to Wihlborgs Fastigheter for around SEK 160 mln (EUR 15 mln). The sale follows closely on the completion of the building, which will house the new office of broadcaster ...
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PropertyEU Archive
Immofinanz and Immoeast set to merge
Austrian-listed property group Immofinanz is to merge with its CEE subsidiary, Immoeast, as the final element of the restructuring of the group.
