Latest reports – Page 2946
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PropertyEU Archive
St. Modwen gets green light for EUR 80m project
UK regeneration specialist St. Modwen Properties and its partner Advantage West Midlands have secured planning permission from the Birmingham city council to develop a £70 mln (EUR 79 mln) town centre at Longbridge.
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News
Institutional investment in property trebles in France – EIAMS
Survey shows significant increase across number of European countries, including Benelux region.
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News
Quality real estate growing ahead of market, says IVG
Report says office rental has recovered, expects further upward trend until 2013.
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News
Pension schemes should 'challenge' hotel management on low pay
Union official warns 'horror stories' of staff treatment could hurt brand and thus investment.
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News
Investors 'don't see a business case' for renewables
UK government must cut discount rate on green tech by 2-3% in next decade, says Oxera.
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News
Shopping centre fund targets cautious investors as prices rise
'Conservative' investors commit €300m to fund designed to exploit rising shopping centre values.
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PropertyEU Archive
Sveafastigheter buys Finnish portfolio for EUR 50m
Nordic private equity company Sveafastigheter said that Sveafastigheter Fund III has partnered with local asset management partner Mattila & Saxen Property Partners to acquire a portfolio of 10 retail properties in Finland for around EUR 50 mln.
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PropertyEU Archive
Union launches EUR 750m shopping centre fund
Union Investment is launching a new fund for European retail property. The planned total size of the new fund is EUR 750 mln, with debt finance accounting for 30% to 40% of the total.
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PropertyEU Archive
HIH launches 1st Austrian fund
German closed-end fund manager Hamburgische Immobilien Handlung (HIH) has announced the launch of its first Austrian real estate investment vehicle. The HIH Global Invest 05 - Österreich fund has a planned life term of 10.5 years and aims to distribute returns of 5.75% per annum, rising to 6.25% from 2020.
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PropertyEU Archive
Deutsche Pfandbrief provides £39m loan to Almacantar
German lender pbb Deutsche Pfandbriefbank has provided a £39 mln (EUR 44 mln) financing facility to a subsidiary of Almacantar for the acquisition of the Marble Arch Tower in London. The transaction was closed on 23 June 2011.
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PropertyEU Archive
Hansainvest buys Helsinki office property for EUR 56m
German real estate investor Hansainvest is acquiring an office property in Finland from YIT Construction. At completion the total sale price of the Triotto office building located in Käpyläis, Helsinki is expected to be about EUR 56.5 mln, including the plot to be purchased from the city of Helsinki.
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PropertyEU Archive
ULI conference: cities need to improve transparency on risk
Europe's cities need to be more transparent and provide better risk scenarios in their drive to attract real estate investment. That was one of the conclusions of a panel devoted to the subject of 'Winning Cities' at the ULI trends conference in Amsterdam last week.
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PropertyEU Archive
Spanish mall supply increases as foreign players dominate market: Savills
Up to EUR 1 bn worth of Spanish shopping centres are expected to come onto the market in the next few months after a slow start of the year, according to international real estate advisor Savills.
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PropertyEU Archive
Médiacité cancels IPO due to 'unfavourable' conditions
Belgian developer Wilhelm & Co has cancelled plans to list nearly EUR 200 mln worth of certificates backed by the 45,000-m[sup]2[/sup] Médiacité shopping centre in Liège, citing 'unfavourable market conditions'.
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PropertyEU Archive
Skanska divests logistics property in Gothenburg
Skanska has divested a logistics property in Gothenburg for SEK 305 mln (EUR 33 mln). The buyer is an investment consortium of Wilfast Förvaltning and Norwegian Ness Risan & Partners.
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PropertyEU Archive
NewRiver scoops four shopping centres in the UK
NewRiver has announced the acquisition of four freehold shopping centre assets from Zurich Assurance for around £68 mln (EUR 76 mln), reflecting a net initial yield of 8%. In a statement on Monday, the UK retail property company said it is partially funding the deal with the issue of nearly ...
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PropertyEU Archive
Resolution hires hotel specialist to explore market opportunities
European real estate investor Resolution Property has appointed hotel market specialist Mads Heideby to explore further investment opportunities in the UK and Continental hospitality sector.
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PropertyEU Archive
Real estate continues to dominate 'alternative' asset class
Real estate continues to dominate 'alternative' investment asset classes, representing around two-thirds of total allocation, according to the new edition of the European Institutional Asset Management Survey (EIAMS) supported by Invesco Real Estate.
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PropertyEU Archive
Land Secs completes sale of Sainsbury's store
The Harvest Limited Partnership, a joint venture between Land Securities and J Sainsbury, has completed the £51 mln (EUR 57.5-mln) sale of the existing 7,400-m[sup]2[/sup] Sainsbury's store site in Wandsworth, London to Prupim, acting on behalf of the M&G Secured Property Income Fund.
