All PropertyEU Archive articles 鈥� Page 1956
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PropertyEU Archive
MGPA fund buys UK land bank firm for EUR 59m
MGPA, the private equity real estate investment advisory company, has completed the acquisition of the UK land bank company, Lands Improvement Holdings plc (LIH), for 拢52.5 mln (EUR 59 mln). The vendor was Clerical Medial Investment Group, part of the Lloyds Banking Group (CMIG). MGPA carried out the acquisition on ...
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PropertyEU Archive
XXI Century seals restructuring of $60m loan
AIM-listed XXI Century Investments announced on Wednesday that it has reached agreement on the restructuring of a debt facility after months of negotiations. In the larger of the two agreements, the company which develops and invests in Ukrainian real estate, formalised the restructuring of its $60 mln (EUR 41 mln) ...
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PropertyEU Archive
Investec GLL fund acquires Warsaw scheme for EUR 71m
Luxembourg-based Investec GLL Special Global Opportunities Real Estate Fund is purchasing the Marynarska Point property in Warsaw from the European commercial development unit of international construction firm Skanska for SEK 740 mln (almost EUR 71 mln).
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PropertyEU Archive
Aviva appoints Catriona Allen to multi-manager position
Aviva Investors has appointed Catriona Allen as fund manager, Real Estate Multi-Manager. Allen joins from Blackrock Investment Management, where she was portfolio manager of the Blackrock UK Property Fund of Funds which transferred from Blackrock to Aviva Investors in late November along with the Blackrock European Property Fund of Funds.
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PropertyEU Archive
Youniq starts construction of student apartments in Munich
German-listed Youniq has commenced construction of a student living project in Munich's northern district of Milbertshofen. The company will deliver 85 student apartments - modelled on the Youniq concept - on a site located on Schleissheimer Strasse in time for the winter semester of 2010/2011.
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PropertyEU Archive
DIC Asset signs leasing deal in Regensburg city centre
Frankfurt-based DIC Asset has announced that a major US fashion merchant is to move into its property in Regensburg's pedestrianised area from January 2010, replacing the current tenant H&M. The unnamed US group will occupy four floors totalling 2,530 m[sup]2[/sup] retail space. The group has over 200 branches in Europe ...
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PropertyEU Archive
Aviva Investors selects C&W to manage UK portfolio
Aviva Investors has awarded Cushman & Wakefield the property management mandate for its Aviva Investors Property Trust (AIPT). The fund's portfolio includes a mix of shopping centres, high street retail, retail parks, industrial estates, business parks and leisure schemes throughout the UK.
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PropertyEU Archive
Aviva re-opens European property fund
Aviva Investors has reopened its European Property Sicav more than a year after it imposed a freeze on UK investors withdrawing from the EUR 250 mln vehicle. Back in November 2008, Aviva suspended dealing in the fund's units due to a lack of liquidity.
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PropertyEU Archive
CBRE Investor's Eolis in Brussels awarded environmental certs
CBRE Investors has announced that Eolis, a 9, 000-m[sup]2[/sup] office complex in Brussels, has been awarded the environmental certification NF B芒timents Tertiaires - D茅marche HQE from Certiv茅a. Eolis, located in the centre of Brussels, near the canal, at 13-15 Square Sainctelette, has been entirely renovated and restructured, taking into account ...
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PropertyEU Archive
Barclays provides financing for major transactions in British Midlands
Barclays Bank has provided a funding package of 拢79 mln (EUR 88.6 mln) for one of the largest regional office investment transactions to take place in the British Midlands this year. The funding enabled a syndicate of investors arranged and managed by Tritax to acquire 7, 8 and 10 Brindley ...
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PropertyEU Archive
Vodafone remains at Vinice office building
International telecommunications company Vodafone has decided to extend the lease for nearly 20,000 m[sup]2[/sup] of office space and related areas in its current Czech headquarters at Vinohradska Vinice after several months of intensive negotiations.
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PropertyEU Archive
Fabege and Peab team up to buy R氓sunda football stadium
Swedish real estate firm Fabege has teamed up with construction company Peab to acquire the R氓sunda football stadium in Solna, just north of Stockholm, from the Swedish Football Association.
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PropertyEU Archive
JLL to open office in Cairo
Jones Lang LaSalle has announced that it is opening a full-service real estate operation in Cairo during the first quarter of 2010. The announcement was made at the 4th Annual Cairo Investment Forum at the Semiramis InterContinental Hotel, Cairo, during which the firm also released a strategic research report, ...
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PropertyEU Archive
NCC to construct Clarion Hotel in Stockholm
Swedish property and construction group NCC said it has been commissioned to construct the Clarion Hotel at Stockholm Arlanda Airport. The client and property owner is the state-owned LFV Group (Swedish Airports and Air Navigation Services) and the hotel will be operated by Choice Hotels Scandinavia. The project will be ...
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PropertyEU Archive
Countries face hurdles implementing energy efficiency directive: RICS
The goal to create an energy-efficient building stock in Europe faces practical barriers despite the recent EU agreement to transform the building sector with the adoption of ambitious energy-efficient legislation, according to the latest RICS report.
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PropertyEU Archive
New global head at ING Real Estate Select
ING Real Estate Investment Management (REIM) has appointed Jan Meulenbelt as global head of ING Real Estate Select. The appointment takes effect from January 2010 subject to approval from regulatory bodies FSA and AFM. ING Real Estate Select is ING Real Estate's dedicated multi-manager business.
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PropertyEU Archive
Risk management remains top priority for Europe's property firms: survey
Most European real estate companies remain focused on risk management despite signs of cautious recovery in select European markets, according to a report entitled 'The Business Enterprise in Europe' released on Wednesday by the Urban Land Institute in conjunction with executive search company Ferguson Partners Europe.
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PropertyEU Archive
Pramerica signs UN-backed Principles for Responsible Investment
Pramerica Real Estate Investors has signed the United Nations-backed Principles for Responsible Investment. 'We are proud to sign on to the Principles for Responsible Investment, which more closely aligns us with our clients' financial and social objectives,' said Pramerica CEO Allen Smith.
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PropertyEU Archive
John Deere takes 45,000m[sup]2[/sup] at Giffels industrial park in Russia
Giffels Management Russia has reached an anchor leasing agreement with Deere & Company for 45,000 m2, or over 60%, of the 75,000-m[sup]2[/sup] Phase 1 of Giffels South Gate Industrial Park. John Deere will manufacture a range of agricultural, construction and forestry equipment and locate its nationwide parts distribution centre ...
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PropertyEU Archive
Carlyle Group secures 7,000 m[sup]2[/sup] of lettings in Stockholm
Global private equity firm The Carlyle Group has announced the letting of around 7,000 m[sup]2[/sup] of space at its Globen City office and retail scheme close to Stockholm, Sweden. The lettings, which are to both new and existing tenants, follow Carlyle's recent announcement that it had leased 30,000 m[sup]2[/sup] of ...
