Latest reports – Page 1904
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PropertyEU Archive
Brexit could benefit serviced apartment sector: Cycas
Brexit may have derailed investment transactions in London and caused a lockdown of open-ended real estate funds, but the extended stay property sector could actually survive and thrive in the post-referendum environment, according to Cycas Hospitality.
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PropertyEU Archive
British Land sells London's Debenhams store for €470m
UK REIT British Land has exchanged contracts to sell Debenhams' flagship store on London's Oxford Street to a private investor for £400 mln (€470 mln).
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PropertyEU Archive
Hines, Universal-Investment ink €130m Milan deal with Sorgente
US developer-investor Hines has completed the acquisition of a retail and office building on Milan's central Piazza Cordusio for an institutional real estate fund administered and managed on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest pension scheme group with €62 bn of assets under management.
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PropertyEU Archive
Hines fund acquires Polish logistics portfolio from NBGI Private Equity
Hines' Poland Sustainable Income Fund (HPSIF) has announced the acquisition of a 126,290m2 logistics portfolio from NBGI Private Equity for an undisclosed amount.
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PropertyEU Archive
AXA IM - Real Assets finalises sale of €90m Barcelona hotel
AXA Investment Managers - Real Assets has completed the sale of the Pullman Skipper Hotel in Barcelona to an unnamed Luxembourg fund.
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PropertyEU Archive
Corestate founder buys back 28% stake from Intershop
Corestate Capital's founder and majority shareholder Ralph Winter has agreed to buy back a 28% stake in the company from Zurich-based Intershop Holding for an undisclosed amount.
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PropertyEU Archive
Danish pension fund acquires 200 apartments for €44m
Lærernes Pension, the pension and life insurance fund for Danish teachers, has acquired a portfolio of 200 apartments in the northern Danish city of Aalborg for €44.3 mln.
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PropertyEU Archive
Majority of institutional investors down on UK real estate: Preqin
A majority - or 57% - of global institutional investors with exposure to real estate say they will likely invest less in the UK in the next 12 months as a result of the referendum result, according to a survey by Preqin, the alternative assets data provider.
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PropertyEU Archive
Ex-Delin CEO teams up with KTR Capital to launch European logistics platform
The founding partners of KTR Capital Partners have teamed up with Christian Jamison, the former CEO of Delin Capital Asset Management, to create Valor Real Estate Partners, a new vehicle to invest in European logistics and industrial properties.
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PropertyEU Archive
Editor's Choice: No quick fixes
A large number of open-ended property funds in the UK became the latest victims this week of the fallout following the Brexit vote in the referendum on 23 June.
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PropertyEU Archive
Peakside acquires Prague office scheme from PGIM RE
Peakside Capital has acquired the Cube office complex located in Prague, Czech Republic, from PGIM Real Estate for an undisclosed amount.
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PropertyEU Archive
Bilfinger RE secures 860,000m2 management contract with Union
Bilfinger Real Estate has secured new contracts or extended existing ones with Union Investment Real Estate for a total of 860,000 m2 across Europe.
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PropertyEU Archive
Gramercy Europe parks €27m in Dutch car showroom portfolio
The European platform of US-based REIT Gramercy has acquired a portfolio of five car showrooms in the Netherlands for €27.5 mln.
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PropertyEU Archive
Hammerson, Allianz RE take control of Ireland's Dundrum as part of €1.85b deal
UK REIT Hammerson and German investor Allianz has secured ownership of Dundrum Town Centre, Ireland’s top shopping and leisure destination nine months after having acquired the loan backing the asset as part of their €1.85 bn Project Jewel portfolio acquisition.
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PropertyEU Archive
Union acquires 2nd Hamburg hotel project in a month
Union Investment has completed the second forward purchase of a Holiday Inn hotel in Hamburg within a month with the acquisition of the new Holiday Inn Hotel City Nord.
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PropertyEU Archive
Resource buys two Spanish ecommerce warehouses for French investor
Resource Capital Partners has bought two ecommerce warehouses in Madrid and Barcelona in a sale-and-leaseback transaction.
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Analysis
Analysis: Opportunistic investors monitor UK market upheaval
Brexit fallout and property fund suspensions stir opportunity funds
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News
Zurich Insurance gives UBS €400m to invest in European real estate
The Zurich Italy Real Estate Fund (ZIREF) to be managed by UBS
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News
Global investors to reduce UK real estate investment – Preqin
Preqin survey finds 57% of respondents aim to cut investment after vote result
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News
Aberdeen introduces redemption penalty to avoid selling at discount
Dilution adjustment means investors face 17% price cut on their redemptions