Latest reports – Page 2977
-
PropertyEU Archive
Multi outsources management of UK malls to new venture
Gouda-based developer Multi Corporation plans to gradually hand over the management of its UK operations to Queensberry, a new venture set up by three former employees.
-
PropertyEU Archive
Frozen SEB ImmoInvest targets further EUR 500m in sales
SEB Asset Management is preparing the sale of a further EUR 500 mln of property assets this year from its frozen SEB ImmoInvest open-ended fund.
-
PropertyEU Archive
APG weighs its options on PEPR
Dutch pension fund Algemene Pensioen Groep (APG) said on Wednesday it is exploring all options with regard to its 12% stake in Euronext-listed closed-end fund, Prologis European Properties (PEPR).
-
PropertyEU Archive
CA Immo completes Meininger hotel in Salzburg
Austrian listed property company CA Immo said its Meininger Hotel Salzburg City Center will open its doors to the public on Wednesday after six months of revovation work.
-
PropertyEU Archive
Eurohypo finances Almacantar's Centre Point buy
Eurohypo has provided a £50 mln financing to Almacantar to assist in the acquisition of Centre Point, WC1. The five-year facility was structured to support the purchase of the building whilst also allowing surplus monies to be employed for capital expenditure.
-
PropertyEU Archive
JP Morgan AM recruits Joe Valente
Joe Valente has joined J.P. Morgan Asset Management's Global Real Assets business as head of Research and Strategy of Real Estate Europe.
-
PropertyEU Archive
GE Capital names new European boss
GE Capital Real Estate has appointed Lennart Sten to lead its European real estate business. Sten, a Swedish national, was formerly the head of GE Capital's Nordic activities, having joined the company in 1998.
-
PropertyEU Archive
ING RED sells 12 projects to Volker Wessels
ING Real Estate Development (ING RED) is pulling out of its 3W project management unit with the sale of 12 development projects in the Dutch provinces of Limburg and Brabant to VolkerWessels. In a joint statement issued by ING RED, Volker Wessels and 3W, the companies said that the management ...
-
PropertyEU Archive
London's West End overtakes Tokyo as most expensive office market
London's West End has overtaken Tokyo as the most expensive location in the world in which to rent office space during 2010.
-
PropertyEU Archive
Lloyds picks Grainger for insolvent resi assets
Lloyds Banking Group has selected UK quoted residential property firm Grainger as the preferred supplier to its Residential Asset Management Platform (RAMP) and the manager of the new unit's insolvent residential assets.
-
PropertyEU Archive
Swisscanto buys industrial park for CHF 70m
Swisscanto, the Zurich-based joint venture of Cantonal Banks for investment and pension services, said it has acquired the Altenrhein industrial park near St. Gallen from TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, for around CHF 70 mln (EUR 55 mln).
-
PropertyEU Archive
Quantum buys 4 Karstadt car parks
Quantum Immobilien KAG has announced the purchase of four Karstadt car parks from the Highstreet consortium for around EUR 40 mln. The purchase was made on behalf of the firm's Spezialfonds City Parking.
-
PropertyEU Archive
PEPR rejects Prologis' EUR 1.2b bid as 'inadequate'
Prologis European Properties (PEPR) has rejected Prologis' offer of EUR 6.10 per share as 'inadequate'. 'Based on our strategy, business plans and the quality of our portfolio, we believe that the offer does not reflect the full value potential of PEPR,' Peter Cassells, chief executive officer of PEPR noted in ...
-
PropertyEU Archive
DIC Asset unveils terms of corporate bond issue
German listed real estate company DIC Asset has announced that its five-year unsubordinated corporate bond with a volume of up to EUR 100 mln will pay an interest rate of 5.875%. The subscription period runs from 5 to 11 May 2011, but may be ended prematurely in the event of ...
-
PropertyEU Archive
C&W takes full ownership of facility management JV
Cushman & Wakefield (C&W) said on Tuesday that it has acquired full ownership of a joint venture, Corporate Occupier Solutions (COS), formed with EC Harris in 2006. The deal is in line with 'its strategy to expand and align its facilities management services globally'. The financial details were not disclosed.
-
PropertyEU Archive
Centro Retail makes EUR 250m offer for Rinascente operator
Centrail Retail Corporation, Thailand's largest retail group, has made a EUR 250 mln offer for the operating company of Italian department store group Rinascente, PropertyEU has learned. The offer includes EUR 205 mln in cash and the assumption of EUR 45 mln in debt.
-
PropertyEU Archive
KanAm extends redemption freeze for 12 months
German fund manager KanAm said on Tuesday that it has extended the redemption suspension for its Grundinvest open-ended property fund for a further 12 months.
-
PropertyEU Archive
Lloyds puts bad property assets on market - report
Lloyds Banking Group has put a first portfolio of distressed property assets collected from about 38 different receiverships on the market through Jones Lang LaSalle, the Financial Times has reported.
-
PropertyEU Archive
Aareal raises EUR 269 mln in capital increase
Aareal Bank has raised gross proceeds of EUR 269.6 mln following a near fully-subscribed capital increase at an issue price of EUR 15.75. Following the capital increase, Aareal Holding holds a 28.9% stake in Aareal Bank's share capital, the Wiesbaden-bank said in a press statement.
-
PropertyEU Archive
Matterhorn invests £250m in UK data centres
Matterhorn Capital, the property investment vehicle run by Anthony Lyons and Simon Conway, is entering the data centre market with a £250 mln (EUR 278 mln) investment in two sites in south-east England. The acquisition is an attempt by Matterhorn Capital to tap into this growing niche market, which is ...
