Latest reports – Page 2981
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PropertyEU Archive
NPRO granted EUR 1.3b of new credit lines
Norwegian Property (NPRO) said it has received two new credit facilities totalling NOK 10 bn (EUR 1.28 bn) from two consortia of Nordic lenders. In a statement, the Norwegian property company said lenders Nordea Bank Norge and Skandinaviska Enskilda Banken are providing a NOK 5 bn loan with a duration ...
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PropertyEU Archive
Deka buys logistics building in the Netherlands
German open-ended fund manager Deka Immobilien has acquired a logistics building in the Netherlands for EUR 22 mln. The property was sold and leased back by Danish logistics services provider DSV.
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PropertyEU Archive
Milan's Porta Romana asset to be auctioned for EUR 44m
BNP Paribas Real Estate Investment Management has announced plans to auction an office building located at Corso di Porta Romana 10, in Milan for a starting price of EUR 44 mln. The asset, which is owned by the Comune di Milano I real estate fund, offers around 11,500 m[sup]2[/sup] of ...
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PropertyEU Archive
Italy's Prelios appoints new CEO
Italian listed property services group Prelios appointed Paolo Bottelli to the position of new Chief Executive during a shareholder meeting held last Thursday. Former CEO Giulio Malfatto will assume the role of vice-president reporting to president Marco Tronchetti Provera.
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PropertyEU Archive
Peab acquires 50% of Balder Fourteen for EUR 30m
Swedish construction and civil engineering group Peab has acquired 50% of Balder Fourteen from Property AB Balder for a total investment of SEK 270 mln (EUR 30 mln).
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PropertyEU Archive
King Sturge announces new PM head in Romania
King Sturge in Romania has appointed Gabriel Balaban as Head of Project Management & Building Consultancy in their Bucharest office. Resul Kilic, the previous manager has undertaken a top management assignment for King Sturge’s office in Istanbul, where the company foresees great business potential.
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PropertyEU Archive
Prologis launches EUR 1.2b mandatory offer for PEPR
Denver-based Prologis has launched a mandatory cash tender offer of EUR 6.10 per unit for all the outstanding units in the fund it does not already own in Euronext-listed fund Prologis European Properties (PEPR). The bid values Europe's biggest warehouse owner at EUR 1.2 bn, beating an earlier offer of ...
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PropertyEU Archive
IVG closes purchase of Milan trophy asset
German listed property company IVG Immobilien has closed the acquisition of a mixed-use building at Via Agnello 18 in the city centre of Milan for a value believed to be around EUR 45 mln, reliable market sources have told PropertyEU.
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PropertyEU Archive
Yahya Abdulla joins C&W capital markets team
Cushman & Wakefield has appointed international investment specialist Yahya Abdulla in its EMEA capital markets team in London. Abdulla joins from Al Salam Bank in Bahrain where he was an assistant vice president in the investments team.
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PropertyEU Archive
Risanamento confirms exclusive talks to sell Santa Giulia project
Italian listed property company Risanamento has confirmed earlier media reports that it has received a letter of interest from an unnamed potential buyer regarding its landmark Santa Giulia mixed-use development project in Milan. The exclusivity period runs until the end of May, it added.
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PropertyEU Archive
AXA Real Estate raises EUR 1.26 bn in Q1 2011
AXA Real Estate Investment Managers, Europe's leading real estate manager with EUR 39.9 bn of assets under management, has raised on behalf of its clients a total of EUR 1.26 bn in the first quarter of 2011. Of this amount, EUR 800 mln has been raised as segregated accounts from ...
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PropertyEU Archive
Cathedral, DevSecs acquire former EMI HQ in Hayes
Specialist PPP developer Cathedral Group and UK property developer and investor Development Securities have teamed up to acquire the London Gate business park in Hayes, Middlesex. The partners plan to carry out a radical £250 mln (EUR 283 mln) redevelopment of the 18-acre site.
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News
Earthquake impact on Tokyo real estate to be short term, says JLL
Aftermath will not discourage global real estate investors from investing in Tokyo, says Jones Lang LaSalle.
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News
EISER Infrastructure diversifies Spanish solar power portfolio
Secures financing for two plants, acquires interest in third development for APG-backed fund.
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News
Roubini: US political deadlock could spark next 'bond revolt'
Economist says 'bond-market vigilantes' will eventually wake up and notice advanced economy sovereign risk.
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News
96% of institutional investors fear rising rates, survey says
One in four regards increasing interest rates as the biggest risk over the next 12 months.
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News
Vastned, Nieuwe Steen Investments join forces on cross-border property fund
New €2.4bn cross-border fund to be listed on NYSE Euronext Amsterdam stock exchange.
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News
Mill Group decries obstacles to institutional investment in UK housing
Moves to disaggregate stamp duty will not be enough to woo institutional investors, CEO says.
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News
Thursday people roundup
BlackRock, Land Securities, Savills, Jones Lang LaSalle, Real IS, Alvarez & Marsal
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PropertyEU Archive
Brack Capital invests EUR 212m in German real estate
Brack Capital Properties has invested EUR 212 mln in German residential and commercial real estate in April. Last week the company announced the acquisition of 13 retail properties in Germany for EUR 120 mln. The assets comprise almost 160,000 m[sup]2[/sup] of retail space, of which 94% is leased. Brack Capital ...
