Latest reports – Page 2953
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PropertyEU Archive
ING REIM's European Property Strategy certified for ISAE 3402
ING REIM announced on Tuesday that external auditor Ernst & Young confirmed that the European Property Strategy NV (EPS) has been certified for a type I report that is compliant with the new International Standard on Assurance Engagements No. 3402 (ISAE 3402).
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PropertyEU Archive
ICSC unveils European Shopping Centre Award winners
The International Council of Shopping Centers (ICSC) announced the winners on Wednesday of the 2011 European Shopping Centre Awards. Eleven shopping centres from nine countries across Europe (Austria, Belgium, Bosnia-Herzegovina, France, Germany, Russia, Sweden, Turkey and the UK) came away with recognitions.
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PropertyEU Archive
Quantum snaps up Commerzbank building in Cologne
German property company Quantum Immobilien KAG has acquired a building occupied by Commerzbank in Cologne from Aberdeen Immobilien for an undisclosed sum. A Quantum spokesperson on Wednesday declined to reveal the name of the funds buying and selling the asset.
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PropertyEU Archive
Invesco buys office in Paris for German doctors association
Invesco Real Estate (IRE) has acquired a prime office building in Paris' central business district on behalf of a pan-European separate account mandate which it manages for German doctors association Nordrheinische Ärzteversorgung. Financial details were not disclosed.
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PropertyEU Archive
ICSC: Atrium sees potential for expansion in Russia
International retailers are fighting for space in Russia, according to Rachel Lavine, CEO of Atrium European Real Estate.
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PropertyEU Archive
Warburg-Henderson launches second Austrian fund
Warburg-Henderson, Henderson Global Investors' Hamburg-based joint venture partnership, has launched its second Austrian property fund which will focus on investment in a diversified portfolio of 10 to 15 commercial property assets in the core/core-plus segment. It will target a 7% yield.
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PropertyEU Archive
Fabrica Sgr develops 1,500 student housing units
The Aristotele real estate fund, managed by Fabrica Sgr, plans to complete the last phase of its student housing project near the University of Tor Vergata, Rome, by the summer. The fund, which is majority-owned by Inpdap, the Italian state pension fund for the public sector, has developed a total ...
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PropertyEU Archive
ECE in the running for Portuguese mall
German shopping centre specialist ECE Projektmanagement is in talks with Sonae Sierra to acquire the AlgarveShopping centre in Guia, near the town of Albufeira in the south of Portugal, well-informed market sources told PropertyEU. Due diligence has yet to start on the asset, which is expected to fetch around EUR ...
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PropertyEU Archive
Swedish pension funds' new JV poised for investment
The First and Second Swedish National Pension Funds' new joint property investment company will operate under the name Cityhold Property AB and be headed by Per Sjöberg, a former managing director of CLS Holdings in London.
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PropertyEU Archive
Nouvel plans five towers for Paris Renault site
French star architect Jean Nouvel has unveiled plans for the redevelopment of the Parisian suburb of Boulogne-Billancourt which includes five towers measuring up to 120 metres in height.
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PropertyEU Archive
ING REIM gets go-ahead for Italian fund management arm
ING Real Estate Investment Management has received the green light from the Bank of Italy for the creation of an Sgr real estate fund management unit. The move is part of the Dutch investment management giant's plan to boost its presence in the Italian property market, country manager Lisette van ...
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PropertyEU Archive
RBS takes control of EUR 1.1b Marriott hotel portfolio
Royal Bank of Scotland (RBS) has appointed Ernst & Young as receivers to a £1 bn (EUR 1.13 bn) property portfolio of Marriott hotels, an E&Y spokesperson confirmed to PropertyEU on Wednesday.
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PropertyEU Archive
ICSC: Retail developmemt market bounces back faster than expected
The market for retail development has recovered more strongly than expected a year ago. Parts of CEE, Russia and Turkey are seeing particularly vibrant growth.
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PropertyEU Archive
'SIIQ machine will put Italy back on the map'
A wider adoption of the SIIQ real estate investment trust regime would increase transparency and put the Italian market back on the investment map, Kempen & Co's executive director of corporate finance, Dirk Boer, told delegates at the Expo Italia Real Estate fair in Milan during a conference held on ...
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PropertyEU Archive
Dundee plans EUR 250m IPO for Deutsche Post deal
Toronto-listed Dundee REIT plans to raise around CA$346 mln (EUR 247 mln) in an IPO of its international arm to help fund the acquisition of hundreds of Deutsche Post real estate assets in Germany. The full value of the acquisition comes to more than CA$1 bn, split evenly between equity ...
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PropertyEU Archive
Immofinanz takes full ownership of Warsaw scheme
Austria's Immofinanz said on Friday that it is 'taking a growth and optimisation step in Warsaw' with the purchase of the 49% interest it did not already own in the Class A Equator office scheme and the adjoining Nimbus office development project from its partner, developer Karimpol.
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PropertyEU Archive
Atac puts EUR 400m of assets up for sale
Italian transport company Atac has announced plans to sell over EUR 400 mln worth of warehouse and office properties in Rome.
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PropertyEU Archive
Europa Capital sells OCG2 in Vienna for EUR 75m
Europa Capital has signed an agreement to sell OCG2, the second and final phase of its Office Campus Gasometer development in the Simmering district of Vienna for around EUR 75 mln. The buyer is Bank Austria Real Invest.
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PropertyEU Archive
Knight Frank markets St John's Wood Barracks
Knight Frank has begun to market the St John's Wood Barracks site in north London with a starting price of over £225 mln (EUR 253 mln). The 2.2-hectare residential development site represents one of the last remaining prime central London development opportunities of any scale.
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PropertyEU Archive
Tristan poised to seal deals after first close of new Curzon fund
Tristan Capital Partners is poised to finalise a number of deals within the next two weeks following an earlier-than-planned first close on capital raising for its new Curzon Capital Partners III. The funds generated from the first close, which was realised within three months of the fund launch, will ...
