Latest reports – Page 2838
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PropertyEU Archive
Union sells Les Renardières in Paris for EUR 148m
German fund manager Union Investment has sold Les Renardières office complex located in the commune of Courbevoie, near Paris. The buyer is an OPCI fund managed by real estate investment manager Primonial Reim.
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PropertyEU Archive
UK investors purchase Barcelona's Hotel Palace for EUR 68m
A group of UK private investors has bought the historic Palace Hotel in Barcelona from Spanish hotel chain Husa for EUR 68 mln. The buyers were represented by the company Aginyo.
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PropertyEU Archive
Deutsche Hypo provides EUR 104m loan to Gecina
Deutsche Hypo, the real estate finance arm of Nord/LB, has granted a EUR 104 mln credit facility to French real estate investment trust Gecina for the financing of two prime offices in central Paris. The loans have an average maturity of 8.5 years.
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PropertyEU Archive
Dutch office market faces EUR 10bn writedown: DTZ
The struggling Dutch office market needs a haircut of up to EUR 10 bn to restore it to health, according to DTZ Zadelhoff. The figure is based on DTZ's annual survey which indicates that the office vacancy rate in the Netherlands currently totals nearly 8 million metres. This is equal ...
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PropertyEU Archive
South-African investor buys London's Tower 42 for EUR 340m
Kirsh Group, owned by South African property magnate Nathan Kirsh, has closed the purchase of the landmark Tower 42 Estate in the City of London for just over £282 mln (EUR 340 mln). The vendor is The Tower Limited Partnership, representing a joint venture of BlackRock's UK Property Fund, Hermes ...
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PropertyEU Archive
C&W Investors buys London asset for UK pension fund
Cushman & Wakefield Investors has acquired New Chapter House, a core City of London asset, for £17 mln (EUR 20 mln), reflecting a yield of 5.7%. The 2,100-m[sup]2[/sup] property was purchased for the West Sussex Pension Fund.
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PropertyEU Archive
JLL sees slow start for UK market but brighter prospects in H2
Jones Lang LaSalle expects the UK market to get off to a slow start in 2012 now that the financial crisis and the ongoing fiscal squeeze have left the domestic economy weaker than previously expected. However, Richard Batten, Executive Chairman UK at Jones Lang LaSalle is hopeful that a strong ...
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PropertyEU Archive
Amundi snaps up office in Paris Bercy for EUR 90m
France's Amundi Immobilier has acquired an office building in Paris Bercy from listed property firm Gecina for EUR 90 mln. Law firm Hogan Lovells advised the buyer.
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PropertyEU Archive
Hahn fund acquires Regensburg retail centre for EUR 40m
German retail property investor Hahn Gruppe has acquired the Alex-Center in Regensburg, Eastern Bavaria for EUR 40 mln. The retail property was acquired on behalf of Hahn's EUR 350 mln FCP-FIS-German Retail Fund for institutional investors. The closing took place on 30 December.
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PropertyEU Archive
UK student housing attracts EUR 1b of funds in 2011
Nearly £840 mln (EUR 1 bn) of capital has been committed to investment and development in the student accommodation sector in 2011, new research of CBRE has revealed. This is more than double the £350 mln allocated to the sector in the whole of 2009.
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PropertyEU Archive
Allianz bags EUR 115m French office scheme
Allianz Real Estate has bought an office scheme in the commune of Levallois-Perret, north of Paris, from an unnamed vendor for EUR 115 mln. The transaction was completed on behalf of French companies of the German Allianz insurance group.
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PropertyEU Archive
Europe listed sector posts 10% loss in 2011: GPR
The European listed property sector reported a loss of up to 10.4% in 2011, with December closing 0.7% lower than the previous month, according to the GPR 250 Europe Index.
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PropertyEU Archive
Skanska starts construction of Poznañ scheme
Construction and development group Skanska has received the green light for its first office project in the Polish city of Poznañ.
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PropertyEU Archive
FCC sells 3 assets for EUR 460m in major shake-up
Spanish construction giant Fomento de Construcciones y Contratas (FCC) has sold three real estate assets for EUR 460 mln as part of a major resturcturing of its real estate division.
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PropertyEU Archive
Balder acquires Danish housing portfolio for EUR 145m
Swedish property firm Balder has acquired a residential portfolio in Copenhagen in a deal worth SEK 1.3 bn (EUR 145 mln).
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PropertyEU Archive
Savills appoints new boss for Dutch business
International real estate advisor Savills has appointed Clive Pritchard as the new head of country for the Netherlands. Based at the firm's Amsterdam office, Pritchard succeeds Dave Hendriks who will remain head of the consultancy department (valuation and research).
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PropertyEU Archive
Hansainvest buys Amsterdam asset for EUR 56m
German fund manager Hanseatische Investment (Hansainvest) has acquired an office building in Amsterdam for EUR 56 mln. The asset, known as Nijenburg, was sold by CBRE Global Investors NL on behalf of the CBRE Dutch Office Fund.
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PropertyEU Archive
Carrefour offloads 97 supermarkets for EUR 365m
French supermarket giant Carrefour has divested a portfolio of 97 supermarkets in France as part of its strategy to raise capital to fund new development projects.
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PropertyEU Archive
Inditex founder acquires Madrid tower for EUR 400m
Pontegadea Inmobiliaria, the property firm owned by Spain's richest man Amancio Ortega, has acquired the Torre Picasso skyscraper in Madrid for EUR 400 mln. The 157-metre tower - the tallest building in the Spanish capital from 1988 to 2007 - was sold in late December by Fomento de Construcciones y ...
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PropertyEU Archive
Canary Wharf secures EUR 230m loan for new project
Canary Wharf has secured a £190 mln (EUR 227 mln) development and investment loan facility for the construction of a major office scheme at 25 Churchill Place in the London business district.
