Latest reports – Page 2852
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PropertyEU Archive
Blackstone fund acquires fourth Polish mall
US private equity group Blackstone has added a fourth shopping centre to the portfolio of its Polish fund, King's Street Retail. The acquisition of Galeria Pestka from a private German investor was completed on 30 November.
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PropertyEU Archive
Salans advised on EUR 135m Czech industrial park deal
International law firm Salans confirmed it advised Tristan Capital Partners, on behalf of its Curzon Capital Partners III fund, on the purchase of an 80% stake in six industrial parks in the Czech Republic. The parks were previously owned, developed and managed by VGP. The value of the transaction was ...
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PropertyEU Archive
Distressed loans enter critical phase, says Corestate
Distressed real estate debt is the ‘critical issue’ affecting European real estate markets, according to Ralph Winter, founder and chairman of Swiss-based private equity group Corestate Capital.
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PropertyEU Archive
OMERS gets German financing for major UK acquisition
Oxford Properties, the real estate arm of the Canadian pension giant OMERS, has secured a £217 mln (EUR 253 mln) facility for the acquisition of Green Park business park in the UK city of Reading. The facility was provided by German lenders Eurohypo, pbb Deutsche Pfandbriefbank and Bayerische Landesbank.
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PropertyEU Archive
AEW names managing director for Italy
Real estate investment manager AEW Europe has named Massimiliano Bernes as managing director of its business in Italy. In this role, he will be responsible for developing the company's European investment platform in the Italian market.
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PropertyEU Archive
Creditors call in debt at Battersea power station
Lloyds Bank and Ireland's asset agency NAMA are on the verge of taking control of the landmark Battersea power station (BPS) development site on the River Thames in London.
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PropertyEU Archive
Knight Frank adds to Munich valuations team
Knight Frank has appointed Peter Kaiser as associate director in the commercial valuation team in Munich. Kaiser previously worked at Hypo Real Estate Bank and Goldman Sachs' Archon Group in asset management and valuation.
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PropertyEU Archive
GPR 250 Europe Index closes 4.4% lower in November
The European listed property sector - as represented by the GPR 250 Europe Index - finished October 4.4% lower in November, eating into the 6.2% return booked the previous month. Apart from Belgium (0.6%), the individual country market performances were all in negative territory. Spain and Italy were the worst ...
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News
Institutionals boosting allocations to North American infrastructure
Relaxation of US laws on foreign ownership of assets will drive demand, says Preqin.
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News
Austrian real estate firm SIGNA adds Michael Morgenroth to board
Industry veteran to step down from board at German insurer Gothaer.
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News
Industry needs property products more in tune with DC pension funds – Russell
Head of EMEA consulting also dismisses idea that property makes good match for liabilities.
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News
Pramerica targets value-added property in Paris hotel joint venture
Company pays €30m for first two assets in fund set up to exploit 'fragmented' market.
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News
UK Treasury signs infrastructure memorandum with LPFA, Greater Manchester
Memorandum with institutionals worth £50bn in addition to agreement with NAPF, PPF.
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PropertyEU Archive
RREEF fund aims to invest EUR 650m in 2012
RREEF Real Estate, the real estate investment arm of Deutsche Bank's asset management division, is planning to invest around EUR 650 mln in real estate for its open-ended grundbesitz europa fund over the next 12 months, Ulrich Steinmetz, managing director of RREEF Germany, told PropertyEU.
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PropertyEU Archive
New tax rules will tarnish SIIC's shine, EPRA warns
The French listed real estate investment trust model or SIIC may lose its shine for international investors due to new taxation rules, the Chief Executive of the European Public Real Estate Association (EPRA) said on Wednesday. Since its creation in 2003, the SIIC model has attracted billions of euros of ...
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PropertyEU Archive
HB Reavis unveils EUR 60m investment in Croatia
HB Reavis has announced it is entering the Croatian market to develop a 34,000 m[sup]2[/sup] office tower in Zagreb. The Slovakian-headquartered CEE developer and fund manager said the investment is worth EUR 60 mln.
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PropertyEU Archive
IVG to use capital increase for cavern business
IVG Immobilien plans to raise EUR 145 mln in a capital increase to help finance the construction of pre-let and partially pre-sold oil and gas storage caverns. Germany's largest listed property company plans to issue 69 million new shares at EUR 2.10 per share.
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PropertyEU Archive
Italian market offers growth opportunities: JLL
Italian real-estate investment has the potential to be a platform for growth in the medium term despite ongoing financial concerns across the Eurozone region, according to Jones Lang LaSalle research.
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PropertyEU Archive
Prologis buys distribution centre in the Netherlands
Prologis, the global industrial property specialist, has acquired a 22,300 m[sup]2[/sup] distribution centre in the southern Dutch town of Waalwijk. The facility, located in Haven Zeven Industrial Park, is fully leased to logistics service provider Docdata Fulfilment.
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PropertyEU Archive
BNP Paribas, GE Capital unveil major Paris project
BNP Paribas Real Estate and GE Capital have announced plans to carry out a major redevelopment of the Tours du Pont de Sèvres in the western Parisian district of Boulogne.
