Latest reports – Page 2832
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PropertyEU Archive
Metro suspends Kaufhof sale talks
German retail group Metro has halted attempts to sell its department store subsidiary, Galeria Kaufhof. Metro said it had suspended talks with interested parties because of worsening conditions on the financial markets.
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PropertyEU Archive
Deal volume rises 4% in 2011 as investors flock to French property in Q4
Commercial real estate investment turnover in Europe rose 4% in 2011 to EUR 115 bn, according to the latest research from CBRE. The full-year figure was boosted by a strong finish in the fourth quarter of 2011 with investment activity rising 15% compared with the previous quarter to EUR 32bn.
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PropertyEU Archive
PropertyEU recruits new team to launch Events unit
PropertyEU is launching a series of Expert Investment Briefings to provide a meeting point for senior real estate leaders across Europe. The first event focussing on real estate investment opportunities in the German market will be held on 23 February in Amsterdam. Subsequent meetings will be held in London, Frankfurt, ...
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PropertyEU Archive
Feri rates most property markets in Europe as fairly valued
European commercial real estate markets present a stable picture to investors at the moment, according to European rating agency Feri. 'The rental yield and the fair value yields identified by us are relatively close together in most European prime office markets,' said Manfred Binsfeld, head of Real Estate Research at ...
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PropertyEU Archive
Patrizia seals EUR 140m German resi purchase
Patrizia Immobilien has acquired 986 apartments and three commercial units in Germany on behalf of a residential fund for EUR 140 mln. The listed German real estate company said its WohnModul I fund was joined in the acquisition by an unnamed German pension fund.
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PropertyEU Archive
Bolt to manage Blackrock fund's EUR 360m UK portfolio
Blackrock UK Property Fund (BUKPF) has appointed Bolt Partners, a strategic and financial adviser in the healthcare sector, to manage a portfolio of more than 150 general practitioner surgeries across England, Wales and Scotland.
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PropertyEU Archive
Corestate buys Berlin apartments in EUR 230m deal
Corestate Group has acquired a portfolio of 3,000 apartments in Berlin and an office building in Stuttgart for a total of EUR 230 mln. The Swiss private equity real estate investor said the transaction involved a complicated debt structure with multiple lenders.
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News
German real estate prized for stability, but financing to be 'major problem'
Chairman at IC Immobilien Holding 'worried' about banks cleaning out balance sheets.
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News
Deal roundup: Plaza Centers, EDT Retail, AMF, HB Reavis, Heitman, WELPUT, LaSalle
Plaza Centers to sell majority of US shopping centres for $1.5bn to Blackstone/DDR JV.
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News
City property deal 'encouraging' sign of new activity in London
Construction firm Balfour Beatty appointed for final phase of City office development.
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News
AEW Europe to create €1bn logistics 'superfund' after merger
Merger creates platform, brand 'well placed' to take advantage of consolidation in sector.
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News
ERAFP stands by French debt, pursues asset allocation diversification strategy
French public pension fund to look at private equity, real estate and infrastructure.
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PropertyEU Archive
Deka adds office scheme in Edinburgh to string of deals
Deka Immobilien has completed the latest in a string of property transactions this month with the purchase of the Edinburgh One office scheme for around EUR 28 mln.
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PropertyEU Archive
Cegereal transfers EUR 900m portfolio to new unit
Cegereal is not being taken private as suggested in a headline in PropertyDay on Tuesday. As announced earlier, the French office REIT is transferring the company's entire portfolio to Prothin, a new wholly-owned subsidiary, following approval by its shareholders in late December.
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PropertyEU Archive
LGP acquires Stevenage leisure park for EUR 48m
Legal & General Property has signed a deal with Aviva Life & Pensions UK to buy Stevenage leisure park in the UK. The investment volume of £40 mln (EUR 48 mln) reflects a net initial yield of 6.5%.
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PropertyEU Archive
AEW creates EUR 1b logistics platform via merger
AEW Europe has merged three existing logistics funds to create a EUR 1 bn pan-European logistics platform. The investment manager claims the new fund, named Logistis, is one of the largest logistics investment platforms in Europe.
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PropertyEU Archive
IVG fund invests in Allianz Munich scheme
IVG Immobilien's private fund business has launched a new closed-end real estate fund which will invest in a 131,000-m[sup]2[/sup] office and data centre fully leased to German insurance giant Allianz.
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PropertyEU Archive
Union snaps up Sophienhof mall in Kiel for 6.5%
Union Investment Real Estate has bought the Sophienhof shopping centre in Kiel, Northern Germany, from Aberdeen Asset Management's frozen Degi Europa open-ended fund.
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PropertyEU Archive
Goldman, Cerberus raise EUR 175m in GSW exit
US bank Goldman Sachs and private equity firm Cerberus have raised EUR 175 mln by selling their remaining 19.8% stake in German listed residential property group GSW Immobilien. Goldman Sachs and Cerberus were the two largest shareholders in GSW.
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PropertyEU Archive
CBRE picked to sell News International's Wapping HQ
News International, a subsidiary of the multinational media conglomerate News Corporation, has appointed CBRE to sell its 60,000-m[sup]2[/sup] site at Wapping in the London borough of Tower Hamlets.
