Latest reports – Page 2817
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PropertyEU Archive
Bondholders examine options for troubled Opera CMBS
Some of the senior bondholders of the Opera Finance CMBS have set up an ad-hoc committee to investigate potential solutions as Uni-Invest, the owner of the Dutch office portfolio underpinning the EUR 750 mln facility, was unable to meet the bond maturity deadline this week.
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PropertyEU Archive
Balder buys Copenhagen resi scheme for EUR 20m
Swedish property firm Balder has bought the Stævnen residential property in Copenhagen for DKK 150 mln (EUR 20 mln), in line with the asset's book value. The vendor is Danish listed property firm Sjælsø Gruppen.
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PropertyEU Archive
Pramerica's European funds transact EUR 1.8b in 2011
Pramerica's European real estate funds carried out EUR 1.3 bn of acquisitions and EUR 500 mln of sales during 2011. Pramerica is the European arm of the real estate investment and management business of New York-listed Prudential Financial.
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PropertyEU Archive
German deal volumes seen hitting EUR 20-25b in 2012
Germany is forecast to see robust real estate investment in 2012 thanks to its perception as a safe haven amid the eurozone sovereign debt crisis.
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PropertyEU Archive
INREV revises classification of 'core' fund
European non-listed real estate fund association INREV has refined what constitutes a core fund to more clearly mark the difference between such funds and vehicles with a value-added investment style.
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PropertyEU Archive
Puerto Venecia scheme secures pre-let rate of 75%
The second phase of the Puerto Venecia development project in Zaragoza in northeast Spain, has reached a pre-let rate of 75% several months before opening. Puerto Venecia is owned by British Land and Orion Capital Managers.
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PropertyEU Archive
Hermes buys Westfield share in EUR 477m mall portfolio
UK investment manager Hermes Real Estate has acquired full control of three shopping centres valued at a total of £400 mln (EUR 477 mln) from Sydney-listed international mall owner-developer Westfield Group.
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News
Patrizia acquires €1.3bn worth of residential with LBBW Immo deal
German property specialist buys real estate subsidiary on behalf of group of pension funds, insurers.
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News
German real estate roundup: BVI, Schroders, Patrizia
Institutional investors poured more than €3bn into Spezialfonds last year.
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News
Tapiola takes 'rare' opportunity to snap up Finnish office buildings
Tapiola Real Estate buys assets in Helsinki and Tampere worth combined €38.5m.
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News
UK councillors attack development proposals for pension fund-owned land
Officials oppose plans to develop greenbelt land acquired by Nottinghamshire pension fund.
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News
Chinese SWF sees euro-zone crisis as chance to snap up infrastructure assets
$410bn China Investment Corporation says it has no interest in Italian, Spanish bonds.
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PropertyEU Archive
More resi deals on the cards in Germany
German real estate investment company Patrizia Immobilien has confirmed it is eyeing the GBW residential portfolio which German state owned bank BayernLB is expected to sell off in a slew of large sales due to hit the market in the coming months. BayernLB is believed to be seeking a price ...
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PropertyEU Archive
Cross-border investors dominate largest UK deals
Foreign equity seeking a home in the perceived safe haven of the UK real estate market outgunned domestic investors at the turn of 2011.
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PropertyEU Archive
New 35,000-m[sup]2[/sup] mall planned for Poland's Starogard Gdañski
Poland's Galeria Neptun, an entity controlled by businessmen Tomasz Pastwa and Mariusz Szwarc, has secured a construction permit for its flagship 35,000-m[sup]2[/sup] mall in Starogard Gdañski, Poland.
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PropertyEU Archive
CBRE: Lack of financing to push vacancy down across CEE
Reduced pipelines and lack of available financing is likely to result in lower office vacancy levels across Central & Eastern Europe (CEE), according to the latest research from global property adviser CBRE.
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PropertyEU Archive
Pbb provides EUR 30m financing for UK retail deal
German lender pbb Deutsche Pfandbriefbank has provided a £26 mln (EUR 30 mln) financing to support the acquisition of the Bolton Gate retail park in Bolton and Central Retail Park in Havant, Southampton.
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PropertyEU Archive
Salvation Army appoints CBRE as global real estate advisor
The Salvation Army International Trustee Company has appointed CBRE as its first global real estate advisor following a competitive tender process.
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PropertyEU Archive
Hammerson submits redevelopment plans for Centrale
UK REIT Hammerson has submitted a detailed planning application to the London Borough of Croydon for the redevelopment of Centrale shopping centre.
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PropertyEU Archive
Patrizia-led JV acquires LBBW portfolio for EUR 1.4b
A consortium led by German listed property company Patrizia is acquiring 21,000 residential units in Germany for EUR 1.4 bn. The consortium emerged ahead of buyout firms Blackstone and Cerberus, and a local consortium including the city of Stuttgart, in the race to buy the portfolio from Germany's biggest public-sector ...
