Latest reports – Page 2914
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PropertyEU Archive
Alstria chief calls for conversion of German funds into listed vehicles
Transforming German open-ended real estate funds (GOEFS) into listed vehicles is the only way of boosting their liquidity and achieving a bigger and well-functioning market in Germany, Olivier Elamine, CEO of Alstria Office REIT, told PropertyEU.
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PropertyEU Archive
Investors tap into developments in mature markets
Tapping into the demand for new prime product in mature markets was a key theme in the European investment market in July. The largest office transaction recorded by PropertyEU Research in the period involved Canary Wharf Group linking up with Qatari Diar to redevelop the Shell Centre on London’s South ...
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PropertyEU Archive
Resolution acquires McArthurGlen Roubaix for EUR 23m
Resolution Property has acquired McArthurGlen Roubaix, an outlet centre near Lille in France managed by McArthurGlen Designer Outlets, for EUR 23 mln. The vendor is the EUR 1.5 bn European Outlet Mall Fund (EOMF), managed by Henderson Global Investors.
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PropertyEU Archive
ABG purchases Campus Bockenheim for EUR 90m
ABG Frankfurt Holding has announced the acquisition of the 16.5-hectare Campus Bockenheim development site in Frankfurt from the State of Hessen for a price of around EUR 90 mln. The purchase follows the signing of a preliminary agreement to buy the asset in March this year.
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PropertyEU Archive
Axa reallocates real estate capital outside France
Europe’s biggest real estate investor, AXA Real Estate, is reallocating capital outside France on behalf of its major shareholder AXA Group, PropertyEU Magazine reports.
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PropertyEU Archive
Prologis renews 300,000m[sup]2[/sup] in CEE during Q2
Prologis, the global industrial real estate group, announced it extended more than 300,000 m[sup]2[/sup] of lease agreements in Central & Eastern Europe during the second quarter of 2011.
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PropertyEU Archive
Citycon signs a new EUR 50m term loan
Finnish listed retail specialist Citycon said on Friday that it has signed a seven-year unsecured term loan facility with OP-Pohjola Group for a minimum committed amount of EUR 50 mln. The loan agreement includes an additional uncommitted seven-year term loan facility for a maximum amount of EUR 25 mln that ...
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PropertyEU Archive
London & Stamford buys London apartments for EUR 27m
London & Stamford Property (LSP) is buying apartments in the UK capital for £24.4 mln (EUR 27 mln) from Kilmorie Investments.
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PropertyEU Archive
Eurocommercial buys fully let mall in Italy for 6.75%
Euronext-listed Eurocommercial Properties has announced it is acquiring a shopping centre in the Lombardy region, in Northern Italy, for EUR 82.5 mln representing a net initial yield of 6.75%. The vendors are Coop Lombardia, Gruppo Finim and CMB.
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PropertyEU Archive
Episo sells for EUR 90m to Malaysian pension fund
European Property Investors Special Opportunities (EPISO), an opportunistic real estate fund co-advised by Tristan Capital Partners and AEW Europe, has sold a regional distribution centre in Dartford, Kent in the UK to Malaysia's Employees Provident Fund for £80 mln (EUR 90 mln). RREEF brokered the deal on behalf of the ...
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PropertyEU Archive
Skanska to build 3rd phase of mega Finnish mall
The Finnish arm of construction company Skanska has won the contract to build the third phase of Kannelmäki Shopping Center in Helsinki. The contract is valued at EUR 55 mln.
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PropertyEU Archive
Vasakronan purchases Malmö office for EUR 27m
Swedish real estate company Vasakronan is acquiring an office project in the city of Malmö for SEK 246 mln (EUR 27 mln). The vendor is Nordic construction and development group NCC.
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PropertyEU Archive
Hemsö acquires EUR 44m public property in Sweden
Swedish joint venture Hemsö has acquired a newly developed school property north of Stockholm. The property in Upplands Väsby houses two senior high schools, municipal library, work premises for the municipal executive, a cafe and other amenities.
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PropertyEU Archive
CEE investment approaching record levels: CBRE
Real estate investment reached EUR 6.9 bn in Central and Eastern Europe (CEE) in the first eight months of this year, an increase of 20% compared to the whole of 2010, data from CB Richard Ellis indicates. The international property adviser said 2011 is already the fourth strongest year in ...
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PropertyEU Archive
LGP launches leisure scheme in Trowbridge
Legal & General Property (LGP) has announced plans to create a new leisure destination for Trowbridge, England.
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PropertyEU Archive
C&W to spearhead sport retailer's French expansion
Cushman & Wakefield has been appointed by UK sports retail chain JD Sports to assist with its expansion plans in France.
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PropertyEU Archive
Gort appointed CEO of ASR Real Estate Development
Dick Gort has been appointed CEO of ASR Real Estate Development, the property development company of Dutch insurer ASR, as of 1 September. He succeeds Foppe Kooistra, who retired on 1 July.
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PropertyEU Archive
MGPA buys 50% stake in Chinese mall for EUR 46m
Independent private equity real estate investor MGPA has completed the acquisition of a 50% share in a Chinese shopping centre for RMB 422 mln (EUR 46 mln).
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PropertyEU Archive
European capital values remain stable: CBRE
The second quarter of 2011 (Q2) marked a continued period of general stability in values across the European commercial property market. While positive (+0.1%), the rate of growth was much slower than seen in the previous two quarters (at +0.4%, and +1.2% respectively), according to the latest European Valuation Monitor ...
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PropertyEU Archive
Madrid office vacancy rate eases: Savills
Office vacancy rates in Madrid have eased in the second quarter of 2011, standing at 4.73% in the city's Central Business District (CBD), down from 5.31% in Q1 2011, according to international real estate advisor Savills.
