Latest reports – Page 2958
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PropertyEU Archive
Deutsche Pfandbrief finances Halton Lea mall deal
German lender pbb Deutsche Pfandbriefbank has provided a £34.45 mln (EUR 56 mln) credit facility to AREA Property Partners, F&C REIT Asset Management, and Turkey-based ESAS Holding for the acquisition of the Halton Lea shopping centre in Runcorn, Cheshire, and a parade of retail units and office suites in Stevenage, ...
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PropertyEU Archive
Kennedy Wilson buys EUR 1.6b foothold in Europe
New York-listed real estate investment firm Kennedy Wilson has acquired Bank of Ireland Real Estate Investment Management (BOI REIM), a business that manages commercial real estate on behalf of the bank's clients.
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PropertyEU Archive
AMB, Prologis finalise merger
US listed firms Prologis and AMB Corporation have announced the completion of their merger, forming a giant industrial property specialist with about $46 bn (EUR 34 bn) of assets under management.
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PropertyEU Archive
Expo Italia boosts partnerships with public bodies
Expo Italia Real Estate (EIRE) 2011 is strengthening its partnership with the public sector as it widens the range of conferences and events promoted by municipalities and regional development agencies.
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PropertyEU Archive
Rapp appointed IMF Immobilien chairman
German listed developer-investor IFM Immobilien has appointed Gordon Rapp as chairman of its supervisory board. He replaces Luca Pesarini who will become vice-chairman.
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PropertyEU Archive
Degi Intl fund sells Teil portfolio for EUR 204m
German property fund manager Aberdeen Immobilien KAG said on Friday that its frozen Degi International open-ended fund has disposed of the four-asset Teil portfolio for EUR 204 mln. The properties were acquired by an unidentified German institutional investor.
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PropertyEU Archive
Berlin deal whets FDL's appetite
French REIT Foncière Développement Logements (FDL) is on the prowl for further acquisitions in Germany after purchasing a portfolio of 1,000 residential units in Berlin in April. The move, which marked the return of the French real estate investment trust to the acquisition trail, reflects the company's efforts to diversify ...
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PropertyEU Archive
Matrix to sell off EUR 380m portfolio
London-listed investor Matrix European Real Estate Investment Trust (MEREIT) has announced plans to sell off all of its property assets by 2013.
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PropertyEU Archive
Distressed sales increase in Spain, Ireland: RICS
Spain, the Republic of Ireland and the US have seen the largest reported increases in distressed property listings in the past three months, according to the latest RICS Global Distressed Property Monitor.
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PropertyEU Archive
Park Plaza clinches EUR 129m refinancing
Hotel group Park Plaza has secured a £115 mln (EUR 129 mln) refinancing facility from Bank Hapoalim. The Israeli lender agreed to refinance an existing £93.4 mln of bank facilities in relation to the Park Plaza Westminster Bridge London. The deal with Park Plaza's subsidiary Marlbray also includes an additional ...
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PropertyEU Archive
Rockspring gets green light for UK spec development
UK-based Rockspring Property Investment Managers and its development partner, Exton Estates, have received planning consent for a new 9,600 m[sup]2[/sup] office development at The Arrows Site, Brooklands, Weybridge, Surrey.
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PropertyEU Archive
IVG strengthens private fund management
IVG Immobilien, Germany's largest listed property company, has appointed Wolfgang Kurt Müller as co-managing director of its private funds division. Müller will work alongside fellow co-managing director Jörn Heidrich.
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PropertyEU Archive
Land Secs secures consent for 35,000-m[sup]2[/sup] City scheme
UK REIT Land Securities has secured planning permission for its 35,000 m[sup]2[/sup] office redevelopment project at 30 Old Bailey and 60 Ludgate Hill in the City of London.
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PropertyEU Archive
CBRELS recovers 76% of failed White Tower CMBS
CB Richard Ellis Loan Servicing (CBRELS) has announced that it has recovered £1.1 bn (EUR 1.2 bn), or 76%, of the failed £1.6 bn White Tower 2006-3 CMBS loan through sale of the underlying assets.
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PropertyEU Archive
Unicredit agrees major Prague leasing
Banking group Unicredit has leased the new Filadelfie building in the BB Centrum complex, Prague in one of the largest transactions of its kind in the Czech Republic in recent years. The leasing deal was arranged by global real estate adviser DTZ in a process that took two-and-a-half years.
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PropertyEU Archive
McArthurGlen opens EUR 100m designer outlet in Greece
European outlet specialist McArthurGlen Group has invested EUR 100 mln in the Greek outlet market. The Group opened McArthurGlen Designer Outlet Athens to the public on 2 June.
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News
CPPIB acquires stake in Australian shopping centre
Canadian asset manager boosts real estate portfolio with new acquisition.
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News
TMW Pramerica to liquidate German open property fund
The global real estate fund will be dissolved and phased out by May 2014.
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News
Thursday property deal roundup
Quantum, Highstreet, ING RE, Aberdeen, Treveria, Columbus Capital, Chester, Crédit Agricole
