Latest reports – Page 2785
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PropertyEU Archive
Dutch investment volumes climb from 2011 low
Dutch real estate volumes have risen in the last two quarters after a downward spiral in the first nine months of 2011. PropertyEU Research recorded a volume of EUR 1.4 bn in three first three months of 2012. The result was almost on a par with the EUR 1.5 bn ...
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PropertyEU Archive
Deal in Depth: KanAm generates EUR 1.2b from selling spree
KanAm Grund has found its white knight in two sovereign wealth funds from the Middle East and Asia which have splashed out hundreds of millions of euros to buy four prime real estate assets in London and Paris. In early March KanAm signed the deeds on One Exchange Square and ...
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PropertyEU Archive
CarVal Investors makes opportunistic buy in Croydon
Global alternative investment manager CarVal Investors has announced the purchase of Prospect First, a 180,000 sq-ft (16,700 m2) vacant headquarters building in Croydon, UK from Strategic Partners UK III, a fund advised by CBRE Global Investors. Financial details were not disclosed.
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PropertyEU Archive
Redevco finalises exit from Italian market
Dutch private equity group Redevco has sold its Italian property portfolio as part of its strategy to concentrate on its core European markets.
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News
Friday people roundup
IVG Immobilien, Macquarie, Brookfield, AMP Capital, Gagfah, Tristan Capital, Hogan Lovells
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News
Aberdeen's Asia III doubles money with co-investment capital
Investors include small, medium and 'very large' pension funds.
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News
CEE to dominate shopping centre development — but more delays likely
Austerity, unemployment and scarce funding to further delay European shopping centre pipeline.
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News
UK property market 'ever more polarised' as recession looms – Prupim
Slowdown begins to bite, even in areas previously showing signs of improvement in occupier demand.
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PropertyEU Archive
Lone Star buys EUR 1b debt portfolio from the Bundesbank
An affiliate of Lone Star Real Estate Fund II has signed an agreement to acquire the A and B notes of CDO Excalibur Funding 1 from Deutsche Bundesbank. Excalibur contains a portfolio of loans secured on European real estate assets with a face value of EUR 960 mln.
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PropertyEU Archive
Deka sells mixed-use scheme in Vienna
Deka Immobilien has announced the sale of the Stafa mixed-use building in Vienna to an unnamed Austrian investor. The companies agreed to keep financial details confidential.
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PropertyEU Archive
Swap breakage costs curb appetite for workouts
The cost of breaking swaps contracts taken out by real estate investors who borrowed in euros at the peak of the property market in 2006/07 has increased substantially, according to an analysis by global real estate advisor, CBRE.
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PropertyEU Archive
ING, Gillion family sell Brussels mall for EUR 62m
ING Real Estate Development and the Gillion family have sold Brussels' Toison d’Or Gallery shopping centre to the M&G Property Fund managed by Prupim, part of the UK's Prudential financial services group. The transaction price amounted to EUR 62 mln.
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PropertyEU Archive
Opera Uni-Invest CMBS: the facts, the figures and the options
'A Texas shootout' - that is the scenario facing noteholders of the defaulted Opera Uni-Invest CMBS which are due to meet on Tuesday to decide between two competing workout options for the underlying portfolio of Dutch office and logistics assets. In this analysis, PropertyEU outlines the facts and the figures ...
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PropertyEU Archive
Uni-Invest CMBS noteholders prepare for ‘Texas shootout’
Noteholders of the defaulted Opera Uni-Invest CMBS are to meet on Tuesday to decide between two competing workout options for the underlying portfolio of Dutch office and logistics assets. The case is being closely monitored as industry experts say the solution may well become the model for dealing with ...
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PropertyEU Archive
Benson Elliot, GCI offload EUR 150m of Paris offices
Private equity real estate firm Benson Elliot Capital Management and Générale Continentale Investissements (GCI) have announced the sale of Olympique and Opéra Italiens, after successfully completing value-add business plans on both assets. The properties were part of the two partners' Opéra portfolio.
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PropertyEU Archive
German resi deals set to rise over 25% to EUR 6b: Savills
Investment in German residential portfolios is expected to exceed EUR 6 bn this year, compared to a 2011 volume of EUR 4.8 bn, according to real estate agent Savills.
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PropertyEU Archive
Cabot Lodge III leaves as head of WP Carey's European business
WP Carey has announced the departure of Cabot Lodge III as head of European investments as the US-based international sale-and-leaseback specialist firm increases its focus on other markets.
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PropertyEU Archive
Inter Ikea takes third place in retail developers ranking
Germany’s ECE and Dutch developer Multi Development came in virtually neck-in-neck in PropertyEU’s retail ranking for 2012. The figure is based on the amount of retail space completed between 2009-2011. ECE completed 763,000 m[sup]2[/sup] over the period, just 1,000 m[sup]2[/sup] more than Multi.
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News
Pension funds close largest property development deal in Danish history
PenSam, Topdanmark join PFA Pension, Realdania and Carlsberg on DKK2.5bn Copenhagen deal.
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PropertyEU Archive
Nik Haigh rejoins Tristan as director client relations
Pan-European private equity real estate investment manager Tristan Capital Partners has appointed Nik Haigh as a director of client relations. He will be specifically responsible for expanding the firm's relationships with investors in the US and Canadian markets.
