Latest reports – Page 2836
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PropertyEU Archive
DTZ names European head of property management
DTZ has appointed Michael Hatt as head of property management for Europe, Middle East and Africa. Hatt will be based at DTZ’s offices in London.
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PropertyEU Archive
Central London investment remained robust in 2011: C&W
The central London commercial property investment market remained robust in 2011, despite widespread economic uncertainty, according to a new report by Cushman & Wakefield.
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PropertyEU Archive
Orchard Street boost assets by EUR 1b in 2011
UK-based investment manager Orchard Street increased its assets under management by £800 mln (EUR 970 mln) to £2.5 bn and completed £580 mln of investment transactions in 2011.
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PropertyEU Archive
La Salle buys UK student accommodation for EUR 28m
LaSalle Investment Management has completed the purchase of two student accommodation blocks in the heart of Newcastle for £ 23.1 mln (EUR 28 mln) from Aviva Investors. The deal reflects a net initial yield of 5.6%, the company said.
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PropertyEU Archive
Iii-investments acquires central Berlin complex for pension fund
Germany’s HypoVereinsbank investment fund iii-investments has bought an office and retail building in Berlin near to Checkpoint Charlie for a German pension scheme’s real estate special fund.
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PropertyEU Archive
BMW moves into Munich’s tallest tower
BMW Group has signed an agreement to rent 16 floors comprising 21,000 m[sup]2[/sup] of office space in Munich’s Uptown tower - the city's tallest high-rise.
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PropertyEU Archive
Niam debuts in Copenhagen with EUR 175m deal
Swedish property group Niam has acquired a Copenhagen residential portfolio totaling 65,000 m[sup]2[/sup] from an undisclosed vendor for DKK 1.3 bn (EUR 175m). The portfolio consists of 646 condominiums located in the greater Copenhagen area. The majority is located on the Copenhagen harbour front.
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PropertyEU Archive
AXA RE raises nearly EUR 600m for development fund
AXA Real Estate has closed its pan-European development fund, Development Venture III, after raising EUR 588.5 mln of total equity. The fund has so far invested in one prime office development project in London and three in Paris.
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News
Dutch insurer ASR raises €380m for prime retail real estate fund
Says fund will help it comply with Solvency II liquidity requirements.
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News
Germany's Union sells vintage Paris property but commits to French market
Fund manager sells Alie Sud building to France's largest private TV channel.
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News
Shaftesbury turns to insurer over 'short-termist' banks for property JV
Aviva agrees to lend £120m to joint venture with umbrella group of charitable trusts.
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News
Infrastructure fundraising to remain weak despite institutional interest
Market enjoyed 'consistent' 2011, but still failed to reach heights of 2010.
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News
Friday people roundup
INREV, AREF, Cushman & Wakefield, Clarion Partners, Hermes REIM, JK Wohnbau, Europa Capital
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PropertyEU Archive
INREV expands senior management team
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has expanded its senior management team and split the roles of director public affairs and professional standards into two separate positions. The move reflects the growing scale and importance of these two pivotal areas, INREV said in a press ...
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PropertyEU Archive
Union acquires 'Airport Gardens' in Düsseldorf
Hamburg-based investor Union Investment Real Estate has acquired a new office building at Düsseldorf airport. The vendor of the Airport Gardens, part of the Airport City development, was Strabag Real Estate. Both sides agreed to keep the financial details confidential.
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PropertyEU Archive
La Française REM buys 5,000-m[sup]2[/sup] office in Paris
La Française Real Estate Managers has acquired an office building in Paris for an undisclosed sum from France Telecom. The 4,690 m[sup]2[/sup] property is located on 106-108 rue de la Boétie in the 8th arrondissement of the French capital and is fully leased to five tenants.
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PropertyEU Archive
Union Investment plans re-investment drive in France
Hamburg-based fund manager Union Investment Real Estate is planning new acquisitions in the French market during 2012 and early 2013 to re-invest the proceeds from EUR 450 mln in net sales there over 2011.
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PropertyEU Archive
Salans advises on three Heitman acquisitions
Law firm Salans has announced it advised international real estate company Heitman on three acquisitions in Hungary and the Slovak Republic. The investments, which all completed at the end of December 2011, were made on behalf of the EUR 505 mln fund Heitman European Property Partners IV (HEPP IV).
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PropertyEU Archive
Robeco signs 16,000m[sup]2[/sup] pre-let in Rotterdam
Dutch asset management Robeco has agreed a pre-lease on 16,000 m[sup]2[/sup] of office space at First Rotterdam, an office tower project by developers MAB and Maarsen Groep in the centre of Rotterdam.
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PropertyEU Archive
Pbb provides financing for Heitman in Budapest
German property lender pbb Deutsche Pfandbriefbank has provided the Heitman European Property Partners IV fund (HEPP IV) with a EUR 60 mln facility for the acquisition of two office properties in Budapest. The acquisition was one of four transactions carried out by US-based investor Heitman in Europe during December 2011.
