Latest reports – Page 2844
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PropertyEU Archive
Brockton, Pradera launch EUR 300m retail park JV
Investment manager Brockton Capital and retail property fund manager Pradera have formed a joint venture to acquire a portfolio of retail parks throughout the UK. The partnership has jointly committed enough equity to enable the acquisition of a gross portfolio valued at £250 mln (EUR 300 mln).
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PropertyEU Archive
Dutch firm NSI retreats from Swiss market
Amsterdam-listed real estate company NSI said on Thursday it intends to pull out of Switzerland to focus on the Netherlands and Belgium. The strategic rethink comes shortly after the completion of NSI's merger with Dutch peer VastNed Offices / Industrial.
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PropertyEU Archive
Co-Op picked as preferred bidder for Lloyds branches
The Co-Operative Group has been picked as preferred bidder for a portfolio of 632 bank branches being sold by Lloyds Banking Group as a result of European competition laws. The asking price for the package is estimated to be around £1.5 bn.
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PropertyEU Archive
Kuwait buys City of London property at 4.75% yield
St Martins Property Investments, the UK-based real estate vehicle of the State of Kuwait, has acquired a City of London office property for a net sum of £176 mln (EUR 209 mln). The vendor of 60 Threadneedle Street, London EC2 was UK REIT Hammerson.
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PropertyEU Archive
MAGAZINE: American lead in European deals slips
US-based investors accounted for some 40% of the EUR 12.9 bn volume of the largest inter-regional real estate transactions in Europe this year.
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PropertyEU Archive
Internos takes over management of Invista fund
Fund manager Internos Real Investors has formally taken over the management of the Luxembourg-registered Invista European Real Estate Trust SICAF (IERET). Luxembourg's financial authorities have approved the mandate which was first signalled in June.
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PropertyEU Archive
Union scouts for new mall acquisitions in France
Union Investment Real Estate is keen to buy a third shopping centre in France following the acquisition of its first two malls in the country in the past months.
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PropertyEU Archive
Heitman teams up with Trigranit on Budapest assets
Global real estate investment manager Heitman has formed a joint venture with CEE developer Trigranit to own and operate four Class-A office properties totalling 70,000 m[sup]2[/sup] in Budapest.
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PropertyEU Archive
CEE markets underpinned by German links: Tristan
Central and Eastern Europe's property markets are cushioned from currency concerns and reduced bank lending due to the region's close links with Germany, according to real estate investor Tristan Capital.
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PropertyEU Archive
EstCapital seals EUR 94m funding for Venice project
Italian fund manager EstCapital said on Thursday that it has been granted a EUR 94 mln financing for the acquisition and the redevelopment of the former Al Mare hospital in Venice. Bank Unicredit and BNL acted as mandated lead arrangers; Banca Popolare di Vicenza, Credito Bergamasco and MPS Capital Services ...
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PropertyEU Archive
UK commercial property values dip into red - IPD
UK commercial property recorded a slight capital decline in November for the first time in 28 months, according to the IPD UK Monthly Index.
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PropertyEU Archive
IVG raises EUR 145m for cavern business
German listed property company IVG has raised EUR 145 mln from a share issue. The proceeds are to be re-invested in the company's oil and gas cavern
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News
Real estate deal roundup
USS, Knight Frank, Axa, Standard Life, Rockspring, JLL, Atrium, Warburg-Henderson, Union
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News
CalPERS makes $700m profit on closure of first GI Partners fund
Californian pension scheme also confirms Pension Consulting Alliance as real estate consultant.
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News
Reluctant real estate investors demand control over funds – survey
Nabarro Fund Trends survey shows 62% of investors favour direct ownership.
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News
Canada Pension Plan injects more capital into Chinese logistics JV
Partnership with Australia-based Goodman Group has now invested $500m in venture.
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PropertyEU Archive
Union buys office building in Munich
Union Investment has acquired an office building in Munich from a value-added fund operated by Warburg - Henderson KAG and invested by HIH Hamburgische Immobilienhandlung. Financial details were not disclosed.
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PropertyEU Archive
Hines begins construction of office tower in Gdansk
US-based real estate firm Hines has begun construction of a 19-storey office building in the Polish port city of Gdansk.
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PropertyEU Archive
MAGAZINE: Altarea launches value-add fund
French listed property group Altarea Cogedim has raised EUR 600 mln in equity commitments in the final closing of its first office property investment vehicle, AltaFund.
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PropertyEU Archive
MAGAZINE: US players swoop on loan portfolios
US investment firms are making all the running in the race to acquire real estate loan portfolios in Europe, PropertyEU Magazine reports.
