Latest reports – Page 2731
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PropertyEU Archive
Unibail-Rodamco completes Mfi deal in Germany
Paris-based Unibail-Rodamco has announced the closing of its acquisition of a controlling stake in Mfi, second-largest shopping centre developer-owner in Germany from global asset manager Perella Weinberg Partners.
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PropertyEU Archive
London & Stamford gets EUR 80m loan for UK deals
London & Stamford Property has financed two recent office acquisitions, Marlow International and Unilever House, with a five-year £62 mln (EUR 80 mln) senior debt facility from DekaBank Deutsche Girozentrale and Deutsche Postbank, the company said on Monday.
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PropertyEU Archive
Segro completes EUR 141m disposal of UK regional assets
Segro, the London-listed pan-European industrial property specialist, has completed the sale of a portfolio of regional industrial estates in the UK for £111 mln (EUR 141 mln). The assets were acquired by an unidentified institutional UK fund.
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PropertyEU Archive
Redefine settles German portfolio debt via sale
Redefine International, a real estate company with listings in London and Johannesburg, has reached an agreement to restructure the EUR 117 mln in financing facilities for its VBG portfolio in Germany.
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PropertyEU Archive
Pbb, DekaBank finance Tristan's logistics deal
German banks pbb Deutsche Pfandbriefbank and DekaBank Deutsche Girozentrale have financed the acquisition of a German logistics portfolio by London-based investment manager Tristan Capital Partners for its Pan European fund Curzon Capital Partners III.
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PropertyEU Archive
Insurers refinance CMBS facility with 2 new loans
UK investment manager Picton Property Income has agreed two new debt facilities totalling £209 mln (EUR 261 mln) with Aviva Commercial Finance and Canada Life. The new facilities will be used to refinance Picton’s existing CMBS facility and bank loan totalling £188.5 mln, which were due to mature in 2013.
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PropertyEU Archive
Valad Europe lets 14,000m[sup]2[/sup] in Germany
Valad Europe announced that Greiwing, a European silo logistics company, has signed a lease on 13,300 m[sup]2[/sup] of warehouse and 400 m[sup]2[/sup] of office space at Hochstraße 150-152, Duisburg in Germany.
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News
TIAA-CREF grows timberland ownership with GreenWood acquisition
UNITED STATES – US institution buys majority stake in timberland manager.
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News
Investors seek ‘alternatives’ to avoid leaving London
UK – Growing interest in hotels, healthcare as traditional London assets become expensive.
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News
Henderson targets co-investors for extended mall fund
UK – Shopping centre fund granted seven-year extension, seeks £200m in capital.
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News
Clarion poaches RREEF specialists for debt platform
UNITED STATES – Drew Fung and Thanh Bui to lead new real estate lending business.
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News
Texas Permanent unlocks $200m of RE capital
UNITED STATES – Raises allocation from 6% to 8%, commits to Mesa West and Oaktree funds.
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News
Real estate Spezialfonds under AIFMD threat
GERMANY – ZIA criticises bill that would impose minimum holding periods for funds.
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PropertyEU Archive
GPR 250 Europe Index closes 7% higher in July 2012
European listed real estate - as represented in the GPR 250 Europe Index - closed 7% higher in July 2012, with only the Dutch sector showing a loss (-1%). Returns, expressed in euros, for the individual European country indices were as follows:
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PropertyEU Archive
Commerz Real sells stakes in Canadian malls for EUR 413m
German real estate investor Commerz Real has sold its 50% interests in four shopping centres in Canada to its joint venture partner Ivanhoé Cambridge for CA$508 mln (about EUR 413 mln).
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PropertyEU Archive
Sonae Sierra's net result drops to EUR 3m in H1 2012
International shopping centre specialist Sonae Sierra has seen its net result drop by nearly 80% in the first half of the year, largely as a result of yield expansion in Europe.
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PropertyEU Archive
Lenders key faith in Polish prime real estate
Two financing deals totalling EUR 200 mln during July underscore how the traditionally conservative and risk-averse Polish real estate lending market remains relatively buoyant, at least relative to many of its European peers.
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PropertyEU Archive
Irish sell almost EUR 700m of UK property in H1 2012
Irish investors sold almost EUR 700 mln of commercial real estate in the UK during the first half of 2012, according to data compiled by CBRE. The property adviser tracked 22 transactions totalling £545 mln (EUR 689 mln), with 84% of the sales in Central London.
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PropertyEU Archive
Wereldhave confirms Dirk Anbeek as new CEO
Amsterdam-listed real estate company Wereldhave has confirmed Dirk Anbeek as its CEO and announced the departure of the country heads of its US and UK businesses.
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PropertyEU Archive
IVG sells Spiegal Island in Hamburg
German listed property company IVG Immobilien is selling the former headquarters of Spiegel media group to Hochtief Solutions, a division of German construction and property developer Hochief. The financial details were not disclosed.
