All PropertyEU Archive articles 鈥� Page 1960
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PropertyEU Archive
Helaba finances Procter & Gamble UK headquarters investment
German lender Helaba said it has arranged a Shariah-compliant investment facility of 拢19.71 mln (EUR 22 mln) for Gatehouse Bank's purchase of the UK headquarters of Procter & Gamble. This is the first Shariah-compliant financing facility completed by Helaba in the UK
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PropertyEU Archive
LaSalle predicts 2010 will be a better year for property investment
LaSalle Investment Management has said 2010 is likely to be reasonably promising for real estate investment across most of the world's markets. The prediction is contained in the 16th edition of LaSalle's Investment Strategy Annual, a survey of, and outlook for, the global real estate markets in 2010.
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PropertyEU Archive
Skandia fund acquires UK retail warehouse for EUR 24m
Skandia Property Fund, which is managed by ING REIM, has purchased a retail warehouse in the UK for 拢21.7 mln (almost EUR 24 mln). The 8,300-m[sup]2[/sup] modern retail unit in Halesowen, West Midlands is let to DIY and home improvement retailer B&Q.
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PropertyEU Archive
Goodman sells Panasonic buildings for EUR 31m
Global property group Goodman has completed the sale of two distribution warehouses at Brackmills Industrial Estate in Northampton, UK to clients of BNP Paribas REIM for 拢28 mln (EUR 31 mln).
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PropertyEU Archive
Affine acquires mall in Nimes for EUR 36m
Affine Group has acquired 'Les 7 Collines' shopping centre in the southern French city of N卯mes for EUR 36.3 mln. Affine, a French real estate investment trust or SIIC, said the transaction was carried out by a subsidiary, Capucine Investissements, and financed by Cr茅dit Agricole.
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PropertyEU Archive
Asian fund body endorses the Inrev guidelines
The Asian Association for Investors in Non-listed Real Estate Vehicles (Anrev) and its European counterpart, Inrev, have announced Anrev is endorsing the Inrev Guidelines in Asia. The two bodies have also agreed on the sharing of expertise on research projects and data systems.
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PropertyEU Archive
LFPI buys Le Wilson office scheme from CNP Assurances
French property company Fonciere LFPI has acquired Le Wilson office building in Levallois Perret, in the Ile-de-France region from insurance group CNP Assurances. The complex provides some 12,500 m[sup]2[/sup] of office space entirely let to several tenants. The transaction price amounts to around EUR 50 mln, according to French magazine ...
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PropertyEU Archive
CBRE completes mall jv beside Juventus FC project
CB Richard Ellis Italy's Capital Markets team has successfully formed a joint venture partnership between Italian food retailer Nordiconad and construction firm CMB for the development of a shopping centre adjacent to the new Juventus stadium project in Turin.
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PropertyEU Archive
Eurostate and SWF-backed fund to target luxury boutique hotels
Barcelona-based real estate manager Eurostate has signed a collaboration agreement with a private hotel investment fund to purchase boutique hotels in the principal cities of Spain and the main European capitals. One of the largest sovereign wealth funds (SWFs) is an investor in the fund, Eurostate said.
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PropertyEU Archive
King Sturge calls for retro-fitting to save energy
Retro-fitting buildings and places, as part of an overall sustainable strategy, is the main challenge for the European property market over the next two to five years, according to a new report published by King Surge.
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PropertyEU Archive
VastNed Retail expands holdings in Istanbul
Pan-European property investment fund VastNed Retail has acquired two high street shops in Bahariye Street in Istanbul for EUR 4 mln. The shops are located on Bahariye Street 58 and 66B in Kadikoy, on the Asian side of Istanbul. It is one of the very best and busiest streets in ...
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PropertyEU Archive
Youniq sells second student living project in Leipzig
Frankfurt-based Youniq is developing its second student living project in Leipzig with a total of 90 studio apartments on a gross lettable area of 2,660 m[sup]2[/sup] are slated for completion by the summer of 2011. Construction will start in spring of 2010.
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PropertyEU Archive
BNP Paribas launches 76,000 m[sup]2[/sup] mixed-use project in Paris
BNP Paribas Immobilier has announced the launch of a 76,000 m[sup]2[/sup] mixed-use project in the new Claude Bernard district of Paris (19th arrondissement). The new complex, mostly for office and residential use, will be developed through a public-private partnership with Semavip, the property development company of the City of Paris.
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PropertyEU Archive
Montea leases 4,070 m[sup]2[/sup] to Overseas in Paris
Belgian listed property company Montea has signed a nine-year rental agreement with logistics group Overseas Development Company for 4,070 m[sup]2[/sup] of storage and office space on the Roissy-en-France site in the north of Paris.
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PropertyEU Archive
UBS leases 1,400 m[sup]2[/sup] of space in Barcelona business park
Property services groups Jones Lang LaSalle and Exa said that they have leased out around 1,400 m[sup]2[/sup] of office space in UBS' Vallsolana Garden business park in San Cugat del Vall猫s, near Barcelona. Sports maker retailer Reebok has become the first tenant in the business park by taking 1,400 m[sup]2[/sup] ...
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PropertyEU Archive
Dutch pension group divests last direct properties for EUR 105m
Two Dutch private investors have jointly acquired a portfolio of 11 properties from health insurers' pension fund Stichting Bedrijfspensioenfonds Zorgverzekeraars (SBZ) for EUR 105 mln. The portfolio mainly comprises homes and retail units, plus three office buildings and an industrial asset mainly in the Randstad urban agglommeration in the western ...
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PropertyEU Archive
Aviva Investors sells 拢260m portfolio to Swip Property Trust
Aviva Investors, the global asset management business of UK insurance group Aviva, has sold a portfolio of 12 UK commercial properties to Scottish Widows Investment Partnership (Swip) Property Trust for about 拢260 mln (EUR 287.5 mln). The deal reflects an initial yield of approximately 7%.
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PropertyEU Archive
Fund of funds activity falls but sector sees new opportunities
Five equity investments totalling a mere EUR 75 mln were made into non-listed property fund of funds in the first nine months of 2009, according to the latest Fund of Funds survey by Inrev, the organisation for the non-listed real estate sector. This compares with 97 investments totalling EUR 2.2 ...
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PropertyEU Archive
Hudson Advisors expands into Europe
US commercial mortgage servicer and asset manager Hudson Advisors Europe has opened an office at Finsbury Market in London as part of its expansion into Europe. In addition, Standard & Poor's Ratings Services has initiated coverage of Hudson Advisors Europe with an 'average' ranking on the business as a special ...
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PropertyEU Archive
Gatehouse Bank buys Procter & Gamble UK HQ
Gatehouse Bank has acquired the UK headquarters of pharmaceutical giant Procter & Gamble from Prupim for 拢31.55 mln (EUR 35 mln). This is the first acquisition by the bank's real estate team, which originated, advised and funded the investment for a syndicate of private clients from the GCC region.
