All PropertyEU Archive articles 鈥� Page 1973
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PropertyEU Archive
WGF transfers property management to Koch Immobilien
WGF Westf盲lische Grundbesitz und Finanzverwaltung has transferred the property management for its residential and commercial real estate holdings to Koch Hausverwaltungs in D眉sseldorf.
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PropertyEU Archive
Nexity delivers 20,000 m[sup]2[/sup] scheme near Barcelona to UBS
French property company Nexity said it has completed a new 19,500 m[sup]2[/sup] office complex located in Sant Cugat del Vall猫s, near Barcelona. The scheme, comprising the Kibo and Vinson buildings, was developed for UBS Euroinvest Immobilien, a real estate fund managed by UBS Global Asset Management.
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PropertyEU Archive
Acciona to sell Madrid office for EUR 100m
Spanish infrastructure group Acciona has reportedly entered into exclusive negotiations with pension fund La Mutualidad de la Abogac铆a (the Spanish private pension fund for lawyers) to sell two office buildings in Madrid for EUR 100 mln. According to a news report in Europroperty, the two buildings are located in Madrid's ...
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PropertyEU Archive
FDL buys EUR 118m worth of property from Predica
Fonci猫re D茅veloppement Logements (FDL) has acquired EUR 118 mln worth of property in France from Credit Agricole's insurance arm Predica.
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PropertyEU Archive
Urbas Guadahermosa to issue EUR 150m worth of bonds
Spanish property company Urbas Guadahermosa plans to issue EUR 150 mln in convertible bonds, increasing its share capital to EUR 240 mln.
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PropertyEU Archive
Spain's Banesto seeks S&L on 24 properties
Spanish bank Banesto has reportedly put a portfolio of bank branches and office properties on the market with a price tag of EUR 150 mln. According to financial newspaper Expansion, the lender has hired Aguirre Newman to manage the sale process of 24 flagship properties in Spain's major cities.
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PropertyEU Archive
UK bank real estate lending falls in Q3: JLL
The latest Bank of England lending figures show that bank lending in sterling to real estate over the third quarter of 2009 fell for the first time since December 1997, according to Jones Lang LaSalle.
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PropertyEU Archive
Pirelli RE sees 3Q loss widens to EUR 58m
Pirelli Real Estate saw its losses widen to EUR 58 mln in the first nine months of the year from EUR 13 mln a year before. Revenues dropped 33% to EUR 199 mln in the third quarter, from EUR 296 mln in the same period in 2008.
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PropertyEU Archive
Urban&Civic buys former Alconbury Airfield
Urban&Civic has acquired the former Alconbury Airfield in Cambridgeshire, UK for 拢27.5 mln (EUR 30.8 mln). The property was commissioned as an American airbase during the Second World War and was declared surplus to requirements by the Ministry of Defence in March 1995. The existing estate comprises over 100 ...
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PropertyEU Archive
YIT and BPT form Russian development partnership
Finnish international developer YIT and Copenhagen-based Baltic Property Trust (BPT) have signed a strategic partnership agreement for the Russian real estate market.
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PropertyEU Archive
ECE to lease and manage Central Bratislava
Immocap Group has commissioned ECE Projektmanagement Praha for the planning, leasing and centre management of the Centr谩l shopping centre in Bratislava. 'We are very pleased that we have won such an important and experienced partner as ECE for our project,' said Petr Luke and Michal Lazar, managing directors of the ...
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PropertyEU Archive
Castellum wins first BREEAM-certified property in Sweden
A full-service facility in Gothenburg developed by Castellum AB's subsidiary Eklandia Fastighets for and together with Toyota has been assigned Sweden's first BREEAM certification. Castellum's real estate portfolio now comprises 74 properties with a Green Building classification.
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PropertyEU Archive
Robust rents slow capital depreciation in Netherlands
Dutch commercial property markets have completed four consecutive quarters of negative capital growth although the latest third quarter figure, at -0.8%, is the shallowest decline since the downturn, according to the ROZ/IPD Netherlands Quarterly Property Index.
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PropertyEU Archive
Valuations show 10% margin of error: RICS
The majority of valuations in the largest commercial property markets in Europe fell within 10% of sale prices in 2008 despite a year of growing market uncertainty, according to the RICS Valuation and Sale Price Report published in November.
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PropertyEU Archive
USS acquires Segro's Great Western park for EUR 123m
Segro announced on Friday that it has sold the Great Western Industrial Park in Southall, West London to the Universities Superannuation Scheme (USS) for 拢110.4 mln (EUR 123 mln). The investment volume reflects a net initial yield of 6.9%, which rises to over 7% once outstanding reviews are settled.
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PropertyEU Archive
Meag leases out 6,200 m[sup]2[/sup] in Paris
Meag, the global asset manager of Munich Re and Ergo, is leasing 6,200 m[sup]2[/sup] in its Paris Eight property to the international legal firm Norton Rose. The office building Paris Eight is situated at 40 Rue de Courcelles in Paris's 8th arrondissement (CBD). The lease agreement with Norton Rose is ...
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PropertyEU Archive
Profile: Christian Delaire of AEW Europe
AEW CEO Christian Delaire has over EUR 2 bn burning in his pocket for investments in real estate. AEW Europe is one of the key equity players who are revving up their engines as they step up their search for affordable assets around Europe.
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PropertyEU Archive
John Cartwright appointed CEO of Aref
The Association of Real Estate Funds (Aref) has announced the appointment of John Cartwright as its new CEO. Cartwright was previously head of Retail and Institutional Funds at real estate investment managers PRUPIM. He has a total of 35 years experience in property investment, including 20 years as a fund ...
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PropertyEU Archive
Prologis refinances Polish assets with Austrian bank
Denver-based distribution facilities operator Prologis announced last week that it has reached an agreement with an unnamed bank based in Austria to provide a new EUR 41.4 mln financing to the Prologis European Properties Fund II (PEPF II).
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PropertyEU Archive
London market gets welcome year-end boost
New requirements for London office space totalling almost 1 million sq ft (92,000 m2) have been launched in the last month by major corporates, according to a new report from Cushman & Wakefield. The new requests provide a further boost to the market which has just enjoyed its best quarter ...
