Latest reports – Page 2806
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PropertyEU Archive
Deka buys hotel in Hamburg from iii-investments
German fund manager Deka Immobilien has bought the Suite Novotel in Hamburg from iii-investments on behalf of an institutional investment fund. Financial details were not disclosed.
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PropertyEU Archive
Cornerstone gears up to launch 'super core' fund in Sweden
Cornerstone Real Estate Advisers is gearing up to launch a 'super core' fund targeting public amenities in Sweden, the company's European head Charles Weeks told PropertyEU at the annual Mipim real estate fair in Cannes on Tuesday.
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PropertyEU Archive
Unibail-Rodamco names new supervisory board chief
Unibail-Rodamco, Europe's largest publicly traded property company, has named Robert ter Haar as its new supervisory board chairman, replacing Robert van Oordt.
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PropertyEU Archive
Raiffeisen kicks off EUR 150m Bucharest mall project
Austrian developer Raiffeisen Evolution is pressing ahead with the construction of the Promenada shopping centre in Bucharest after having finalised the sale of an adjacent office project, SkyTower, in December last year.
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PropertyEU Archive
GSW: German resi is not overheating
The German residential property market is not overheating despite record transaction volumes in 2011 and several large portfolios on the market, according to listed Berlin apartment owner GSW.
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PropertyEU Archive
Philips sells High Tech Campus to private investor for EUR 450m
Dutch electronics group Philips is selling its High Tech Campus in Eindhoven to private investor Marcel Boekhoorn for around EUR 450 mln, according to sources close to the sale process. The deal is set to be sealed this week. Boekhoorn is buying the property on behalf of one of his ...
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PropertyEU Archive
JLL Germany revamps organisational structure
Jones Lang LaSalle Germany has restructured its organisation into two main areas of responsibility.
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PropertyEU Archive
ECE plans 7th Polish shopping centre by end-2014
German developer ECE aims to complete its seventh shopping centre in Poland in the northern city of Bydgoszcz by the end of 2014, the company said on Tuesday..
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PropertyEU Archive
Owners of B buildings in CEE urged to create sellable portfolios
Owners of B-class properties in Central and Eastern Europe are being urged to create large portfolios to entice investor interest. Although there is significant demand for prime assets in the region, the market for B-class buildings is in hibernation, according to Andreas Ridder, CBRE's managing director in the region and ...
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PropertyEU Archive
HIH snaps up EUR 80m Frankfurt office
HIH Hamburgische Immobilien has acquired the Opus office complex in Frankfurt's Westend district for one of the special funds of Warburg Henderson KAG. Although the financial details were not disclosed, HIH's managing director Hans-Joachim Lehmann told PropertyEU that the value of the asset amounts to EUR 80 mln. The vendor ...
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PropertyEU Archive
Savills adds AIG and Citigroup to lenders list
Property adviser Savills has added US financial groups AIG and Citigroup to its latest list of bigger ticket lenders to the UK property market. The new list names 21 such lenders compared with 19 at end-October 2011.
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PropertyEU Archive
AXA Real Estate heads European investment ranking in 2011
Paris-based AXA Real Estate Investment Managers was the leading real estate investor in Europe in 2011, according to PropertyEU’s annual ranking of top-50 investors by acquisition volume. With an acquisition volume of EUR 2.6 bn, including EUR 900 mln committed to development, AXA RE edged ahead of US private equity ...
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PropertyEU Archive
Deka Immobilien sells Paris office for EUR 166m
German property fund manager Deka Immobilien has sold the Axe France office building in Paris to a pool of French investors advised by DTZ Asset Management for EUR 166 mln. The property was acquired in 2004 for the Deka-ImmobilienGlobal open-ended mutual property fund.
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PropertyEU Archive
AXA Real Estate boosts 2011 deal volumes to EUR 6b
AXA Real Estate Investment Managers saw total transaction volume including completed and signed deals rise to EUR 6.2 bn in 2011. Acquisitions totalled EUR 2.6 bn, including EUR 900 mln of committed development expenditure, compared to disposals of EUR 2.1 bn. An additional EUR 1.5 bn was committed to loans.
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PropertyEU Archive
Allianz Real Estate invests EUR 2b in 2011
Allianz Real Estate has confirmed it carried out almost EUR 2 bn of equity and debt investments during 2011. Direct investments accounted for around EUR 1 bn with significant transactions including the acquisition of an 80% stake in the Skyline Plaza shopping centre in Frankfurt and the purchase of Forum ...
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PropertyEU Archive
London tops European retail destination index
London attracts the largest number of international retailers across Europe, followed by Paris and Moscow, according to Jones Lang LaSalle’s index of the top 10 most attractive European retail destinations. The index is based on an analysis of 150 leading international retailers within 55 European markets.
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PropertyEU Archive
Helaba finances Rockspring shopping centre in Poland
German bank Helaba is providing a loan of EUR 51 mln to Rockspring Property Investment Managers LLP to finance the acquisition of the Alfa Centrum shopping centre in the city of Olsztyn in northeastern Poland. Helaba is the sole arranger, lender and agent for this transaction, operating through its Northern ...
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PropertyEU Archive
Ardstone re-enters UK and German markets
Ardstone Capital is looking to selectively re-enter the real estate markets in the UK and Germany after recent sales of assets in London and Brussels.
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PropertyEU Archive
Hotel sector to remain flat in 2012: DLA Piper
The hospitality market is expected to see little or no growth in the next 12 months as a result of a combination of over-valued assets and difficulty in raising finance, according to DLA Piper's European Hotel Outlook Survey for 2012.
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PropertyEU Archive
Eurosic agrees EUR 508m office sale to JP Morgan fund
French real estate investment trust Eurosic has signed a preliminary agreement to divest 54,500 m[sup]2[/sup] of office space in Paris to a fund advised by JP Morgan Asset Management for a net sales price of EUR 508 mln.
