Latest reports – Page 2840
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PropertyEU Archive
AMF pulls off largest Swedish retail deal of 2011
Pension provider AMF has acquired three prime shopping centres in Stockholm in the largest Swedish retail property deal of 2011. The investment volume was not disclosed but it is believed to be just over SEK 4 bn (EUR 450 mln). There was stiff domestic and international competition for the assets.
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PropertyEU Archive
Trigranit Management Corporation appoints new CEO
Philip Mark Evans has been appointed as Chief Executive Officer of TriGranit Management Corporation.
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PropertyEU Archive
German fund acquires Finnish business park
An unnamed German fund is buying Business Park Safiiri in Finland for EUR 50 mln. The vendor is Finnish construction group YIT.
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PropertyEU Archive
Klépierre buys Toulouse mall for EUR 97m, sells 3 assets
French retail specialist Klépierre has acquired the shopping mall adjoining the E. Leclerc hypermarket in Roques-sur-Garonne, southwest of the Greater Toulouse Area. The transaction price of EUR 97 mln reflects a yield of 10.4%.
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PropertyEU Archive
Land Secs signs EUR 1.3b facility
UK REIT Land Securities has signed a new £1 bn (EUR 1.3 bn) five-year bank facility at a headline margin of 120 basis points over Libor.
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PropertyEU Archive
Skanska sells Skandia HQ in Stockholm
Swedish property and construction group Skanska has divested the headquarters of insurance group Skandia to the real estate arm of pension provider AMF. The investment volume was SEK 1.3 bn (EUR 145 mln). Completion of the deal is expected for the first quarter of 2012.
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PropertyEU Archive
HOLIDAY NOTICE
This is the last PropertyEU newsletter of 2011. The next edition will appear on Monday 2 January 2012.
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PropertyEU Archive
Aviva lends to UK student digs project
Aviva Commercial Finance has provided £184 mln (EUR 221 mln) of senior debt to Universities Partnership Programme (UPP) for a student accommodation project at the University of Reading in the UK.
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PropertyEU Archive
MAGAZINE: Demand for senior property execs dips
Hiring demand for senior executives is currently at a low ebb as companies batten down the hatches in expectation of a new recession.
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PropertyEU Archive
Echo buys Warsaw site for tower project
Polish listed property company Echo Investment is acquiring a former hotel premises in Warsaw for around EUR 31 mln for an office tower project.
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PropertyEU Archive
Lone Star scoops up EUR 1b Lloyds loan package
US private equity group Lone Star has completed the purchase of the £900 mln (EUR 1.08 bn) Project Royal UK secondary commercial property loan portfolio from Lloyds Banking Group. Financial details were not disclosed but the portfolio is believed to have been sold at a 40% discount to face value.
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PropertyEU Archive
French investor purchases Bordeaux site
French investor ANF Immobilier has spent over EUR 27 mln to buy the company owning the development right on a site in Bordeaux.
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News
German pension fund buys Paris office through iii Spezialfond
Unnamed institution spends €18m on "extensively renovated" property in French capital.
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News
Prologis transfers $293m in Mexican assets, pays down debt
Pension fund-backed Prologis Mexico Fondo Logistico to receive 22 properties.
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News
Sovereign wealth joint venture acquires €1.2bn Japan logistics portfolio
Listed subsidiary, owned by Chinese and Singapore sovereign wealth funds, buys €1.2bn in assets.
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News
UCP looks to sell off assets amid mixed market results
Company considering "ways of monetising assets", with a Singapore REIT under consideration.
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News
Investors should avoid transport infrastructure amid euro-zone 'dip' fears
Utility sector predicted to offer safer prospects in large economies, says AMP Capital.
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News
ATP, PensionDanmark team up on commercial property developments
Danish pension funds form consortium with government-owned CPH City & Port Development.
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PropertyEU Archive
Middle Eastern JV buys mixed-use scheme in Nottingham
A group of Middle Eastern investors advised by WW Advisors have joined forces with UK private investor Stainton to acquire Chapel Quarter in Nottingham for £20 mln (EUR 24 mln). The vendor is Royal London Asset Management's Scottish Life Fund. The deal reflects a yield of 8.75%.
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PropertyEU Archive
NSI extends maturity of EUR 75m loan with ING
Dutch listed property firm NSI has reached an agreement with ING Real Estate Finance to extend a EUR 75 mln short-term credit facility. This was NSI's largest refinancing requirement for 2012, the company said in a statement on Wednesday.
