Latest reports – Page 2944
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PropertyEU Archive
Gecina offloads Barclays Cap's French HQ at 4.7% yield
French office REIT Gecina has completed two major divestments in Paris and Lyon, bringing its total disposal volume so far this year to nearly EUR 560 mln. In a statement on Thursday, Gecina said it has sold the Origami office building in the eighth arrondissement of Paris to a private ...
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PropertyEU Archive
Canadian pension fund bags 50% of London's MidCity Place
Canadian pension fund Ontario Municipal Employees Retirement System (OMERS) has purchased a 50% stake in MidCity Place in London from an affiliate of US private equity firm Beacon Capital Partners. Although the acquisition volume was not disclosed, market reports indicate the price was around £142 mln (EUR 157 mln).
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PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 46m for Swedish deal
German real estate lender pbb Deutsche Pfandbriefbank has provided a SEK 422 million (EUR 46 mln) facility to a Swedish investor for the acquisition of a 95,400-m[sup]2[/sup] distribution centre.
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PropertyEU Archive
RICS names director of European operations
The Royal Institution of Chartered Surveyors (RICS) has appointed Judith Gabler to the newly created position of director of operations in the EMEA region. Gabler (50) is based in Frankfurt and currently heads the German arm of RICS. In his new role, he will support the national activities of RICS ...
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PropertyEU Archive
Norway's KLP seals EUR 170m purchase in Copenhagen
The Danish arm of Norwegian real estate group KLP Eiendom has snapped up the massive TDC office complex at Teglholmsgade in the South Harbour of Copenhagen for DKK 1.26 bn (EUR 170 mln). The deal - the largest property transaction clinched in Denmark so far in 2011 - reflects a ...
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PropertyEU Archive
Two join C&W's Berlin investment team
Robert Kabelitz and Ronny Törpel have joined Cushman & Wakefield's investment team in Berlin as senior consultants.
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PropertyEU Archive
Union appoints new real estate director
Jens Wilhelm is taking over responsibilities for real estate on the board of Frankfurt-based Union Investment Asset Management Holding, effective 1 July. Wilhelm (45) succeeds Wolfgang Mansfeld, who is retiring.
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PropertyEU Archive
YIT acquires development plots in Finland for EUR 70m
YIT is acquiring building rights in Helsinki, Turku and Hämeenlinna, Finland for a total of EUR 70 mln. The Finnish construction group announced on Thursday that it has signed letters of intent with the vendor, Finnish transport company, VR-Group.
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PropertyEU Archive
ASR REIM launches EUR 1.1 bn Dutch retail fund
ASR Real Estate Investment Management (ASR REIM) is launching a seeded EUR 1.1 bn retail fund targeting global institutional investors. The portfolio comprises 210 prime Dutch retail assets including single high street units, district shopping centres and supermarkets covering a lettable area of over 300,000 m[sup]2[/sup]. Including a pipeline of ...
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PropertyEU Archive
LaSalle wins European Pension Award
LaSalle Investment Management has been named the best Property Manager of the Year at the European Pensions Awards 2011. Susan Lloyd-Hurwitz, managing director of Europe, LaSalle said, 'The significance of this award is that the European pensions industry has singled out LaSalle Investment Management for distinction. Winning the 'Property Manager ...
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PropertyEU Archive
KF Fastigheter buys 2 assets for EUR 26m
Swedish retail property company KF Fastigheter has bought the Årdret 3 and Välten 10 retail assets in Lund, Southern Sweden, from developer Paulssons Group. The transaction price amounts to SEK 240 mln (EUR 26 mln).
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PropertyEU Archive
British Land buys Hutchison Whampoa HQ for EUR 82m
UK REIT British Land has purchased the 18,400-m[sup]2[/sup] Grenfell Island mixed-use scheme in Maidenhead town centre, England. The investment volume of £74 mln (EUR 82 mln) reflects a net initial yield of 7.5%.
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PropertyEU Archive
Acron places new Swiss fund, buys Fiege asset
Swiss investment manager Acron has placed a new closed-end investment fund, Acron Helvetia V Immobilien, with three private investors.
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PropertyEU Archive
Aedes sells EUR 80m Rome asset
Italian property company Aedes has signed a preliminary agreement to sell a commercial building at Via Manzoni 65 in Rome to an undisclosed buyer. The transaction involves a cash price of EUR 8.5 mln and the transfer of roughly EUR 74 mln of debt.
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PropertyEU Archive
Sagax makes further purchase in Stockholm
Listed Swedish property company Sagax has signed its third acquisition in Stockholm in a week with the purchase of the Vitå 1 property in Kista, Northern Stockholm, for SEK 198 mln (EUR 21.5 mln), representing a net initial yield of 8%. The acquisition is financed with equity and with a ...
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PropertyEU Archive
Metrovacesa shareholders back EUR 1.95b capital increase
Around 99% of shareholders in Spain's largest listed property firm, Metrovacesa, have given their approval to a EUR 1.95 bn capital increase during a general shareholder meeting held on Tuesday.
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PropertyEU Archive
Deutsche Pfandbrief provides loan facility to EPISO
pbb Deutsche Pfandbriefbank, the core bank of Germany’s HRE Group, has provided a GBP94.25mln loan facility to European Property Investors Special Opportunities fund, which is co-advised by Tristan Capital and AEW Europe.
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PropertyEU Archive
Unieco sells Fidenza shopping park to Cordea Savills
Italian private real estate developer Unieco has divested the Fidenza shopping park near Parma, Northern Italy, to fund manager Cordea Savills' Radegonda closed-end investment fund for institutional investors. The transaction - the first acquisition for the newly-launched Radegonda fund - amounts to around EUR 40 mln.
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PropertyEU Archive
Reyal Urbis seeks new debt refinancing
Spanish listed office property company Reyal Urbis said this week that it has resumed discussions with its creditor banks regarding a new refinancing of its debt in light of the 'continuing deterioration of the real estate market'.
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PropertyEU Archive
Futureal to invest EUR 100m in development partnerships
Hungarian developer Futureal aims to invest EUR 100 mln of equity through development partnerships over the next two years to jumpstart stalled projects in Central and Eastern Europe (CEE).
