Latest reports – Page 2884
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PropertyEU Archive
FPF rejects Allianz-Covea's bid as hostile
Paris-focused office landlord Foncière Paris France (FPF) has rejected a bid by Paris Hotels Roissy Vaugirard (PHRV) saying 'it does not present any advantages' for the business.
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PropertyEU Archive
CBRE beefs up German investment team
Global property adviser CBRE has added seven new members to its German Investment team, mainly by recruiting staff from BNP Paribas Real Estate and Jones Lang LaSalle.
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PropertyEU Archive
Barclays provides EUR 30m refinancing in UK
Barclays Corporate is providing £27 mln (EUR 31 mln) in financing to Manchester-based developer Patrick Properties. The three-year facility will help refinance a portfolio for which Royal Bank of Scotland and National Australia Bank, through Yorkshire and Clydesdale Banks, had provided debt.
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PropertyEU Archive
Française REM buys Le Stratège office in Puteaux
French fund manager Française REM has acquired Le Stratège office building in Puteaux, in the western suburbs of Paris, on behalf of its SCPI Selectinvest 1, Epargne Foncière and Multimmobilier 2 investment vehicles. The vendor is IVG Institutional Funds. The transaction price comes to over EUR 25 mln.
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PropertyEU Archive
Prime rents and yields remain stable in Europe: CBRE
Prime commercial property rents and yields held firm in the third quarter despite the flow of significantly negative economic news and nervousness in the financial markets, according to the latest figures released by CBRE.
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PropertyEU Archive
Palmer launches EUR 29m UK joint venture
UK firm Palmer Capital has formed a £25 mln (EUR 29 mln) joint venture to buy quality real estate across the UK in the £1 mln to £10 mln size range. The partner in the Palmer Flemmings Property Partnership is Flemmings Financial Services, a UK financial advisor with a high ...
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PropertyEU Archive
Pramerica puts Tour Vista on the market
Property advisor Savills has confirmed that Pramerica Real Estate Investors is selling the 16,770 m[sup]2[/sup] Tour Vista office building in La Défense in Paris. The move was reported last week by PropertyEU.
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PropertyEU Archive
European industrial investment hits EUR 4.3b in H1
Industrial investment flows increased across Europe by just 3% in the first half of 2011, according to the latest Jones Lang LaSalle European Industrial Bulletin. Uncertain economic conditions and limited product availability has led to industrial real estate investment volumes stagnating, with activity slowing down rapidly in May and June. ...
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PropertyEU Archive
Pramerica closes S$3b Asian retail fund
Pramerica Real Estate Investors has closed Pramerica AsiaRetail Limited, a S$3 bn (EUR 1.7 bn) private open-end property fund that invests in shopping centres on behalf of institutional investors, the company announced on Tuesday. Pramerica is the real estate investment management and advisory business of Prudential Financial, which is headquartered ...
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PropertyEU Archive
Widening yield gap buy signal for prime Eurozone property: CBRE
The widening yield gap between government bonds and prime real estate in Europe is significantly enhancing the attractiveness of property for yield-driven investors seeking secure medium-to long-term income, according to a report from CBRE.
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PropertyEU Archive
RREEF poised to buy Portuguese shopping centre portfolio
RREEF, the real estate investment manager of Deutsche Bank, is closing in on the acquisition of the owner-manager of 16 shopping centres in Portugal, according to Spanish media reports.
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PropertyEU Archive
Deutsche Wohnen excluded from LLBW's housing bid
Germany's biggest public-sector bank LBBW has excluded Deutsche Wohnen from bidding for its real estate assets. In a statement on Tuesday, Deutsche Wohnen has confirmed its exclusion from the bidding process, expressing regret for this development.
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PropertyEU Archive
Bouygues, Grainger team up in new UK residential fund
France's Bouygues Development and UK listed residential landlord Grainger have announced the creation of, and their co-investment in, a new Build-To-Let fund targeting residential assets.
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PropertyEU Archive
Middle Eastern investor buys London hotels for EUR 220m
Middle Eastern investor Capital Hill Hotels is acquiring two London hotels for £192 mln (EUR 220 mln). The vendor of the Sanderson and St Martins Lane hotels is Morgans Hotel Group (MHG), the operator and 50% owner of the London joint venture that owns the two hotels.
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PropertyEU Archive
Lloyds to take loss of £350m on real estate debt - report
Lloyds Banking Group has received initial bids of around £650 mln for a commercial property debt portfolio with a face value of £1 bn, according to a news report in the Financial Times. If the deal goes through, the bank would be looking at a discount of 35% in what ...
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News
British Land pursues 'dominant' retail in 'polarised' real estate sector
UK REIT points to growing divergence between prime and secondary properties.
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News
Unitech Corporate Parks faces down shareholder revolt over disclosure
'Motivated' shareholder Sanjay Pandit of US private equity firm Peak XV Capital leads revolt.
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News
German property federation outlines voluntary sustainability code
Two-tiered approach applies to all market members, including developers, investors and occupants.
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News
NY state pension outsources $300m to Artemis Real Estate Partners
Move kicks off pension scheme's emerging manager program for real estate.
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News
Pension fund-led Gulf group snaps up second UK property
Group acquires office buildings in business park for £23m via JV with Alpha Tiger Property Trust.
