Latest reports – Page 1900
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PropertyEU ArchiveFor Prologis it’s business as usual after Brexit vote
Prologis, the global leader in logistics real estate, turned in a strong second quarter in Europe with occupancy levels rising to 95.6%, an increase of 130 basis points year-on-year.
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PropertyEU ArchiveLegal & General cuts its withdrawal levy on UK property funds
Legal & General (L&G) has cut the fair value adjustment on withdrawals from its UK Property Fund (PAIF) and the UK Property Feeder Fund, citing more stable market conditions.
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PropertyEU ArchiveCarlyle offloads Swedish malls for €90m
Carlyle's Europe Real Estate Partners has divested two shopping centres, Punkt and Gallerian in central Västerås, Sweden, to listed real estate company Agora for SEK 850 mln (€90 mln).
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PropertyEU ArchiveStarwood, Vencom divest €330m Swedish retail package to AP3
US private equity group Starwood and local partner and minority investor Vencom have sold a six-strong retail portfolio in Sweden to Trophi Fastighets, a company managed by Redito and owned by the Swedish pension fund AP3.
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PropertyEU ArchiveEfTEN acquires Riga shopping centre for €74.5 m from KanAm Grund Group
EfTEN Kinnisvarafond II AS has acquired the Domina Shopping Center from KanAm Grund Group for €74.5 mln. The transaction is the largest single investment in EfTEN’s history.
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PropertyEU ArchivePatrizia buys €400 m German office portfolio from Allianz Real Estate
Patrizia Immobilien has purchased a portfolio of nine office and commercial properties from Allianz Real Estate Germany for more than €400 mln.
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PropertyEU ArchiveHammerson sells Northumberland shopping centre for €93m
Hammerson plc has disposed of the Manor Walks Shopping Centre, Cramlington in Northumberland to Arch Commercial Enterprise Ltd for £78 mln (€93 mln).
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PropertyEU ArchivePoste Vita awards UBS a €300m pan-European real estate mandate
UBS Asset Management Italy has been awarded a pan-European real estate investment mandate by Poste Vita to invest in core Eurozone offices.
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PropertyEU ArchiveNorges snaps up €148m Central London asset from Aberdeen UK fund
Norway's giant oil pension fund Norges Bank Real Estate Management has acquired 100% of the long leasehold interest in 355-361 Oxford Street in central London in an all-equity deal worth £124 mln (€148 mln).
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PropertyEU ArchiveCushman & Wakefield submits 10 candidates for Deal of the Decade
Cushman & Wakefield has become the second leading brokerage firm in Europe to submit a range of deals for PropertyEU’s Deal of the Decade Awards.
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PropertyEU ArchiveVictoria Park buy Swedish resi package for €190m
Swedish property firm Victoria Park has announced the acquisition of a residential portfolio consisting of 1,938 apartments for a total investment of SEK 1.8 bn (€190 mln), reflecting an initial yield of 4.6%.
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PropertyEU ArchiveEQT Real Estate makes first property purchase in Paris for €33m
Private equity investor EQT has made its first real estate acquisition, an office refurbishment project on Rue Lauriston in Paris.
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PropertyEU ArchiveRubens Capital acquires asset management peer IBUS to raise AUM to €1.5b
Rubens Capital Partners (RCP) has acquired fellow Amsterdam-based asset management firm IBUS to strengthen its presence in the Netherlands and overseas.
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News
Aberdeen’s unfrozen property fund sells London asset to Norges Bank
Norway’s sovereign fund buys Oxford Street building for £124m
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PropertyEU ArchiveInrev to track performance of German-based real estate vehicles for 1st time
The European Association for Investors in Non-Listed Real Estate Vehicles (INREV) announced on Monday that it has launched new indices measuring the annual and quarterly performance of institutional vehicles (Spezialfonds), retail vehicles (Publikumsfonds) and other fund types domiciled in Germany.
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PropertyEU ArchiveBilfinger appoints COO in the Netherlands
Bilfinger Real Estate has announced the appointment of Marco Reijven as COO to strengthen the management team of its subsidiary in the Netherlands
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PropertyEU ArchiveBlackstone raises €5.7b in second close for BREP Europe V
US private equity giant Blackstone is understood to have raised $6.3 bn (€5.7 bn) in the second closing for its new fund, Blackstone Real Estate Partners Europe V (BREP V).
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PropertyEU ArchiveCornerstone enters Spain with €22m Madrid retail asset buy
Cornerstone Real Estate Advisers has acquired a prime retail unit in Madrid city centre from a private investor for €21.6 mln, as part of a pan-European core investment strategy.
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PropertyEU ArchiveMore pain for UK property funds ‘before they bounce back’
Retail property funds in the UK should expect further markdowns this summer before starting to bounce back, Andy Moylan, head of real estate products at Preqin, told PropertyEU in an interview.
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PropertyEU ArchiveNSI buys €57m KPN office in Amsterdam at 11% gross yield
Dutch listed property firm NSI has announced the acquisition of an office building fully let to telecomm operator KPN for a price of €57 mln excluding costs.
