All PropertyEU Archive articles 鈥� Page 1967
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PropertyEU Archive
Hines closes EUR 900m Italian fund
The Italian fund management arm of US property company Hines has announced the first closing of its Italian Porta Nuova Varesine property fund, which will take control of EUR 900 mln worth of assets in the Italian city of Milan.
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PropertyEU Archive
US company Cornerstone acquires Protego
Protego, the UK and continental European real estate investment management company, is being acquired by Cornerstone Real Estate Advisers, a wholly owned subsidiary of the Massachusetts Mutual Life Insurance Company (MassMutual).
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PropertyEU Archive
Banimmo poised to close 'significant' acquisition in Paris
Belgian listed property company Banimmo said it 'expects to finalise a significant acquisition in the retail segment in Paris', after raising over EUR 110 mln of fresh equity through real estate sales in the third quarter of 2009. The company, which in October sold the Mobistar headquarters in Brussels for ...
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PropertyEU Archive
French hypermarket anchors singled out as 'losers'
Hypermarket anchors in France are poised to become one of the losers of the current crisis in the retail sector, according to Henrike Waldburg, head of acquisitions and sales at German open-ended fund Union Investment. 'In the coming years, we will see a distinction between two types of retail concepts: ...
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PropertyEU Archive
Deadline looms for Mipim architectural awards
The organisers of the Mipim Architectural Review Future Project Awards 2010 have announced a final call for entries to the designers of tomorrow's iconic architecture to submit their projects for the 2010 competition.
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PropertyEU Archive
Orco seeks asset sales to avoid loan breaches
CEE property developer and investor Orco Property Group is seeking to sell a number of projects after reporting losses widened to EUR 259 mln in the first nine months of 2009. In its third-quarter financial statement posted on Friday, the company said it is 'in the process' of disposing of ...
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PropertyEU Archive
Redevco opens new extension to Avenue Wilson mall
Redevco, one of Europe's leading real estate development companies, has announced the opening of the five new stores which make up the extension to its shopping centre on Avenue Wilson in Jemappes, Belgium.
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PropertyEU Archive
ECE's Hanover mall wins sustainability award
The Ernst-August-Galerie in Hanover developed by ECE was named the best sustainable retail property of the year at the Mapic retail real estate fair in Cannes, France.
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PropertyEU Archive
Sparkassen sees property values plunge in CEE
Austrian listed property company Sparkassen Immobilien saw the value of its property portfolio lose some EUR 100 mln in the first nine months of the year as valuations were 'massively' impacted by the international economic and financial crisis. Total writedowns for the period rose to EUR 96.5 mln, from EUR ...
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PropertyEU Archive
Christie + Co sells Paris hotel for private owner
Adviser Christie + Co has sold the freehold interest of the Marciano Lafayette Hotel in Paris on behalf of a private individual to Holiday Villa Hotels and Resorts, a division of Malaysian company Advance Synergy Berhad. The investment volume was not disclosed but the asking price was EUR 6 mln.
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PropertyEU Archive
Odyssey embarks on European hotel fund
Dutch asset management company Odyssey Fund Management has launched a fund for institutional investors to invest in European hotels. Odyssey European Hotel Fund invests in three and four-star hotels located in major and larger cities in Western European countries. The focus is on the Netherlands, Belgium, UK, Germany and Spain. ...
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PropertyEU Archive
Retailers name Germany as top location for expansion
Germany has emerged as the number one target destination for retailers looking to expand their international presence in Europe, the Middle East and Africa in 2010, according to new research from CB Richard Ellis.
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PropertyEU Archive
HSBC in talks with OPCI vehicle for sale of Paris HQ
UK banking giant HSBC has entered into exclusive negotiations with a subsidiary of an undisclosed French OPCI investment vehicle for the sale of its Paris headquarters. The lender said that it will continue to occupy the two buildings located at Champs Elysees should the sale be finalised.
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PropertyEU Archive
LaSalle secures a new lease in Wandsworth
LaSalle Investment Management announced it has recently completed a seven-year lease on office accommodation in Jessica House, Red Lion Square, Wandsworth, on behalf of Pace Trustees.
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PropertyEU Archive
Immoeast opens 170,000 m[sup]2[/sup] mall in Moscow
CEE property developer Immoeast opened its Golden Babylon Rostokino project - one of Europe's largest shopping and entertainment centres - this week. The Golden Babylon Rostokino scheme is expected to generate around EUR 100 mln per annum, and is located in Sviblovo, the most densely populated district in Moscow.
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PropertyEU Archive
B.Prime, CBRE to market 15,000 m[sup]2[/sup] at Lisbon's Parque das Nacoes
Property advisers B.Prime and CBRE have been appointed by France's Bouygues Immobilier to manage the marketing process for two office properties located at the Parque das Na莽玫es business park in Lisbon.
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PropertyEU Archive
Eurohypo arranges EUR 380m financing for Telereal Trillium
German property lender Eurohypo has entered into a 拢340 mln (EUR 380 mln) financing with Telereal Trillium, secured against a portfolio of properties within Telereal Trillium's outsourcing contracts.
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PropertyEU Archive
Conygar acquires UK properties from administrator for EUR 50m
AIM-listed Conygar Investment has exchanged contracts to acquire a portfolio of seven freehold and long leasehold buildings in the UK from administration for a total consideration of 拢44.6 mln (EUR 50 mln). The portfolio generates an annual rent of approximately 拢4.41 mln, representing a net initial yield of 9.9%.
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PropertyEU Archive
Karl Steiner sells off French activities
Swiss property builder Karl Steiner has announced the sale of its French property arm, Karl Steiner France, to Financi猫re Sainte Colombe, a real estate finance group based in Lyon. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Axa closes Immoselect fund amid liquidity problems
Axa Investment Managers Deutschland said on Thursday it had reimposed a ban on withdrawals from its Immoselect fund due to deepening liquidity problems. Since the fund reopened on 28 August after the previous redemption freeze, it has seen net average outflows of EUR 934.9 mln, Axa said.
