Latest reports – Page 2978
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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.
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PropertyEU Archive
UBS' Centro Leoni gets LEED Silver
UBS Real Estate's Centro Leoni office complex in Milan has been awarded a LEED Silver certificate in the category of new developments. The Munich-based real estate fund management arm of UBS said this is the first LEED certificate to be ever awarded to an office building in the country.
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PropertyEU Archive
VastNed clinches deal with Zara in Turkey
Listed retail specialist VastNed Retail has signed a 15-year lease with Spanish fashion giant Zara for its new property on 161 Istiklal Caddesi, the leading high street in Istanbul. Total annual rental income is put at EUR2.3 mln.
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PropertyEU Archive
STE clinches EUR 45m refinancing
Société de la Tour Eiffel (STE) has completed the refinancing of its La Poste portfolio comprising 12 properties valued at EUR 85 mln. In a statement on Monday, the French SIIC said that it was granted a new EUR 45 mln seven-year credit facility by Société Générale (CIG) and BECM ...
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PropertyEU Archive
Aedes fund sells Milan office for EUR 28m
The Investietico listed real estate fund, managed by Aedes BPM Real Estate SGR, has announced the sale of an office building located at San Donato Milanese, near Milan, to natural gas transport group Snam Rete Gas. The transaction amounts to nearly EUR 28 mln, generating around EUR 4 mln in ...
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PropertyEU Archive
European property stocks return 3.6% in April
European listed real estate, as represented in the GPR 250 Europe Index, ended April 2.6% higher, with the strong performance being driven by UK stocks. On a country by country basis, the UK topped the ranking with an increase of 5.9% in April, while Norway came second returning 5.5% in ...
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PropertyEU Archive
Real IS snaps up Hamburger Meile mall for EUR 250m
German fund manager Real I.S. has announced the purchase of the Hamburger Meile shopping centre on the Hamburger Straße from a partnership of retail specialist ECE Projektmanagement and Hamburg-based developer Bruhn for around EUR 250 mln. The property will be transferred to a new closed-end fund of Real I.S. with ...
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PropertyEU Archive
Newsec picked to manage EUR 145m Baltic portfolio
Northern European financial and real estate consultancy firm Newsec said on Monday that it has been appointed to manage a EUR 145 mln real estate portfolio throughout the Nordic and the Baltic regions.
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PropertyEU Archive
Estavis buys Europe's largest brewery in Berlin
German investor Estavis said on Monday that it has acquired the listed buildings of what was once the largest brewery in Europe, located in Berlin's Friedrichshain district, from an unnamed seller. The company plans to redevelop and extend the landmark complex which was built in the early 1880s. The investment ...
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PropertyEU Archive
Wolbern Invest buys TriCon office building in Frankfurt
Hamburg-based Wolbern Invest has announced the acquisition of the TriCon office building in Frankfurt Rhein-Main from local developer Hochtief. The companies agreed not to disclose the transaction price.
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PropertyEU Archive
Citycon closes EUR 105m purchase of Tallinn mall
Helsinki-listed retail specialist Citycon has completed the acquisition of the Kristiine Shopping Centre in Tallinn, Estonia from local developer Pro Kapital for some EUR 105 mln. The deal, which was first announced in mid-March, involves Tallinn's second-largest shopping centre after Rocca al Mare, which is also owned by Citycon.
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Magazine
On the road to recovery
Funds round-up The real estate capital raising market continues to be nursed back to normality. It is not yet fully recovered, but the growing number and variety of successful launches suggest it is moving in the right direction. Richard Lowe reports
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PropertyEU Archive
Segro to build new facility for Alcatel Lucent in Italy
Europe's industrial REIT Segro has agreed to develop a new 32,300 m[sup]2[/sup] campus facility for Alcatel Lucent at its Energy Park in Vimercate, Northern Italy. Alcatel Lucent has entered into a 10-year lease with Segro, generating annual rental income of £4.2 mln (EUR 4.7 mln).
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PropertyEU Archive
IVG snaps up BTC Office Center in Warsaw
German investor IVG Institutional Funds said on Friday that it has acquired the BTC Office Center in Warsaw from local firm BTC Invest on behalf of one of its special funds.
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PropertyEU Archive
Mayfield makes new appointment to Dutch team
UK asset and property management firm Mayfield said on Friday that it is strengthening its presence in the Netherlands with the addition of Jeanne van Nunen to its team in Eindhoven, led by managing director Michiel Assendelft.
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PropertyEU Archive
Valad board backs Blackstone's takeover bid
US private equity firm Blackstone has agreed to acquire Australia's Valad Property Group in a deal which values the company at A$208 mln (EUR 152 mln). In a statement on Friday, Valad said it has been offered A$1.80 in cash per security, representing a premium of 56% over the closing ...
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PropertyEU Archive
Irish IPD avoid negative ground for 1st time in a year
Irish commercial property total return has avoided negative territory for the first time since Q1 2010, posting 0.0% in the first quarter of 2011, according to the SCSI/IPD Ireland Quarterly Property Index.
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PropertyEU Archive
Sponda scoops Helsinki's Fennia Quarter for EUR 122m
Finnish listed property company Sponda said it has signed an agreement with mutual life assurance group Suomi to acquire the Fennia Quarter located in Helsinki's Central Business District. The transaction amounts to a total of EUR 122 mln, including EUR 100 mln in cash and the remaining EUR 22 mln ...
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PropertyEU Archive
Sweden posts five consecutive quarters of growth
A positive economic outlook and continued market growth helped fuel a rise in transactional activity in the first quarter of 2011, according to international real estate advisor Savills.
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PropertyEU Archive
Skanska to construct office in Oslo
Swedish construction and property group Skanska has secured the mandate to build a new head office in Oslo for the Norwegian insurance company Gjensidiges Forsikring. The contract, awarded by property company Rom Eiendom, amounts to NOK 390 mln (EUR 50 mln).
