Latest reports – Page 2939
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PropertyEU Archive
Cordea Savills to develop student hall in Edinburgh
International fund manager Cordea Savills has completed the sale of two assets in the UK on behalf of its Student Hall Fund as it focuses on the development of a new project in Edinburgh.
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PropertyEU Archive
IVG sells 5,000m[sup]2[/sup] office in Rome
Listed German real estate company IVG Immobilien has sold a 5,000-m[sup]2[/sup] office located in Rome to a local developer who plans to convert the property into a hotel. The financial details were not disclosed.
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PropertyEU Archive
RICS' first non-British president takes office
Malaysian-born See Lian Ong has taken office as the first non-British president of the Royal Institution of Chartered Surveyors (RICS). Lian Ong's election in March this year to replace outgoing president Robert Peto reflects the increasing international role played by the standards organisation.
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PropertyEU Archive
Morgan Stanley JV acquires 18 German retail assets
Morgan Stanley Real Estate Investing's joint venture with German property company Redos has bought 18 retail assets from a private investor. The financial details of the transaction were not disclosed. The joint venture, established in 2010, now has a portfolio of more than 40 properties in the western states of ...
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PropertyEU Archive
Big sales loom as German resi gains momentum
The German residential market is gaining momentum after three years in the doldrums, with several large sell-offs on the cards. In the first half of 2011, there were 42 residential portfolio deals, according to Cushman & Wakefield, a jump of 19% on the same period last year. In total, 37,000 ...
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PropertyEU Archive
Bredin joins Colliers EMEA corporate solutions team
Property adviser Colliers International has appointed Dominique Bredin as a director in its new EMEA Corporate Solutions team.
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PropertyEU Archive
Hammerson acquires virtual freehold of London tower for EUR 112m
Listed property company Hammerson has acquired the virtual freehold of a 26-storey office tower in the City of London from investment manager Prupim for £100 mln (EUR 111 mln), including costs. Prupim sold the 999-year leasehold interest in 99 Bishopsgate, London on behalf of Prudential Assurance Company.
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PropertyEU Archive
BAM merges commercial development business into AM RED
Dutch-based construction group Royal BAM plans to merge it office and retail developments activities into AM Real Estate Development from 1 September 2011. BAM said in a statement on Friday that the merger of it 35-member commercial real estate development unit IPMMC into the 20-staff team of AM Real Estate ...
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PropertyEU Archive
British Land confirms EUR 199m racket club deal
British Land has confirmed media reports that it is venturing outside its traditional focus on offices and retail assets to acquire a portfolio of racket club properties for £179 mln (EUR 199 mln).
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News
Irish ban on upward-only rent increases to cause 'substantial' investor losses
Opposition parties attack proposal, while survey estimates €14bn value loss.
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News
German roundup: NAEV, Invesco, Patrizia, Stockholm, Colliers
Invesco Real Estate makes second acquisition for German doctors' pension fund NAEV.
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News
SWFs, London and windfarms fuel Crown Estate returns
Prime London portfolio accounts for £227m of Estate's overall £231m return last year.
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PropertyEU Archive
Hemfosa-led consortium buys Saab property
A consortium of Swedish real estate investors led by Hemfosa has acquired the property portfolio of cash-strapped Swedish carmaker Saab Automobile for SEK 600 million (EUR 65.6 mln).
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PropertyEU Archive
UK mars DTZ’s improved performance in CEMEA
Brokerage firm DTZ reported pre-tax losses narrowed to £3.4 mln (EUR 3.8 mln) in the year to 30 April from £23.5 mln a year earlier. The improvement followed a 4% decline in revenue to £341.3 mln.
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PropertyEU Archive
Schroder fund acquires London asset for EUR 46m
The West End of London Property Unit Trust (Welput), a closed-end fund managed by Schroder Property, has acquired the mixed-use building at 7/8 St Martins Place in London from Italian fund manager EstCapital for £41 mln (EUR 45.7 mln). The price represents a net initial yield of 5.9%. Welput was ...
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PropertyEU Archive
Scott Malkin new chairman of ULI Europe
Scott Malkin, the founder and chairman of UK outlet shopping centre specialist Value Retail, has been named the new chairman of ULI Europe with immediate effect. He will succeed Alexander Otto, CEO of ECE Projektmanagement, who served as chairman for the last two-and-a-half years, ULI Europe said on Thursday.
