Latest reports – Page 2949
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PropertyEU Archive
Bouwfonds Marignan sells 2 office projects for EUR 168m
Bouwfonds Marignan Immobilier has announced the sale of two office development projects in France for a total of EUR 168 mln. The French development arm of Dutch group Rabo Real Estate has sold Le Skalen in Châtillon, Hauts-de-Seine, to a fund managed by Area Property Partners for a price of ...
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PropertyEU Archive
DTZ IM acquires St John's retail park for EUR 46m
DTZ Investment Management has acquired the St John's retail park in Wolverhampton for nearly £41 mln (EUR 46 mln), reflecting a yield of 5.75%. The vendor was Aberdeen Asset Management.
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PropertyEU Archive
CBRE wins major Prupim mandate
Prupim, the real estate investment arm of M&G Investments, has selected CB Richard Ellis Group to provide property management and accounting services for its 4.1 million m[sup]2[/sup] UK property portfolio. The agreement is one of the largest property management services outsourcing contracts ever in both the UK and the EMEA ...
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PropertyEU Archive
SEB seeks JV partner for Berlin's Potsdamer Platz
SEB Asset Management is planning to sell a stake in its massive Potsdamer Platz portfolio in central Berlin, a company spokesperson confirmed to PropertyEU on Wednesday. 'We are looking for a joint venture partner for the assets,' the spokesperson said.
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PropertyEU Archive
Westimmo may be sold in two parts, analysts say
State-owned German bank WestLB may sell its subsidiary Westimmo in its entirety or in two parts, separating the Pfandbrief-related assets from any 'toxic' ones, real estate analysts have told PropertyEU.
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PropertyEU Archive
Prime Office puts IPO plans on hold
Germany's Prime Office said on Wednesday it has shelved plans for an initial public offering (IPO) in face of 'volatile market conditions'.
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PropertyEU Archive
SEB Enskilda CF to launch property advisory unit
Helsinki-based investment bank SEB Enskilda Corporate Finance said on Wednesday that it is creating a new business unit focused on real estate advisory. The company has appointed Juho Puhakainen as head of Real Estate, responsible for establishing the new business by September.
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PropertyEU Archive
Realia sells stake in Madrid's La Vaguada mall
Spanish listed property company Realia has sold its interest in La Vaguada shopping centre in Madrid to department store chain El Corte Ingles. The investment volume of around EUR 50 mln represents a 3.5% premium to the asset's latest appraised value.
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PropertyEU Archive
L&R Properties poised to enter Spain
London & Regional Properties, the private investment company of UK billionaire brothers Richard and Ian Livingstone, is in exclusive negotiations to acquire the headquarters of Spanish construction group FCC in Barcelona and Madrid, well-informed market sources have confirmed to PropertyEU.
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PropertyEU Archive
Hermes buys London offices for EUR 86m
Hermes Real Estate Investment Managers (HREIM), acting on behalf of the British Telecom Pension Scheme (BTPS), has purchased two adjoining office buildings in London for £76 mln (EUR 86 mln).
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PropertyEU Archive
Invista bags Dundee's Wellgate Centre in EUR 35m deal
Clients of Invista Real Estate Investment Management (Invista) have acquired the Wellgate shopping centre in Dundee, Scotland for just over £31 mln (EUR 35 mln) in a deal said to be the largest Scottish investment transaction this year.
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PropertyEU Archive
Neil Jones drops exec role at Almacantar
Neil Jones, co-founder and joint managing director of Luxembourg-based investment company Almacantar, has decided to step down from his executive role in the company to pursue new opportunities in Continental Europe. The move follows an extensive review of Almacantar's strategic direction, which has resulted in the decision to focus the ...
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PropertyEU Archive
Three European developments win ULI Awards for Excellence
Three developments have been selected as winners and a fourth highly commended in the Urban Land Institute's (ULI) EMEA Awards for Excellence competition.
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PropertyEU Archive
Capman divests property consulting business
Nordic private equity group Capman said on Wednesday that it is selling its real estate consulting business to a consortium led by former Capman director Markku Hietala, and including partners Matti Karlsson, Vesa Olkkola, and Pasi Nieminen.
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PropertyEU Archive
Cofinimmo buys care home portfolio for EUR 44m
Belgian listed property group Cofinimmo has announced the acquisition of a portfolio of six care homes located in France and let to the Medica Group, representing a total value of EUR 44.5 mln.
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PropertyEU Archive
IRE buys G45 scheme in Hamburg for EUR 63m
International investment manager Invesco Real Estate (IRE) has acquired the G45 mixed-use scheme at Hamburg's Gänsemarkt for around EUR 63.5 mln. The vendor is one of US group Carlyle's private equity real estate funds.
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PropertyEU Archive
Irish investor buys Neumarkt Galerie out of insolvency
Irish private equity firm Signature Capital has acquired one of Cologne's major landmarks, the Neumarkt Galerie mixed-use complex, from administrator Markus Heider of Goerg for around EUR 130-135 mln, well-informed market sources told PropertyEU. The price represents a nearly 25% discount to the amount paid by the former owner, Irish ...
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PropertyEU Archive
Mark Roberts joins RREEF as global head of research
RREEF, the real estate investment business of Deutsche Bank's Asset Management division, has appointed Mark Roberts as managing director and global head of research.
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PropertyEU Archive
CBRE Investors sells Citalys to BNP Paribas REIM
BNP Paribas REIM has acquired the Citalys office scheme in Montévrain Val d’Europe, France, from the CB Richard Ellis Strategic Partners Europe Fund III, managed by CBRE Investors, for an undisclosed amount. The property is earmarked for BNP Paribas REIM's SCPI Valeur Pierre Alliance investment vehicle. Financial details were not ...
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PropertyEU Archive
IVG fund acquires Pfizer's Prague HQ
Property adviser CB Richard Ellis announced that its capital markets team assisted Pfizer in a sale-and-partial-leaseback transaction of the pharmaceutical company's headquarter in Prague 5. The deal was initially signalled in May and the investment volume was not disclosed.
