Latest reports – Page 2982
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PropertyEU Archive
Unibail-Rodamco gears up on Spanish sales
Unibail-Rodamco is expected to push ahead with plans to sell its non-core Spanish assets earmarked for sale after having clinched disposals in the Netherlands and the Nordics in the past few weeks. According to a well-informed market souce, conversations are advancing on a EUR 180 mln portfolio of four centres ...
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PropertyEU Archive
CBRE Germany names new head of international investment
CB Richard Ellis' German office has announced the appointment of Joachim Wiebeck and Kai Oulds as the new co-heads of International Investment. Wiebeck (42) and Oulds (35), who joined CBRE in 2005 and 2006 respectively, will manage relations with the international clients of CBRE looking to invest in German commercial ...
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PropertyEU Archive
RICS Europe calls for stronger due diligence
RICS Europe has published its first Technical Due Diligence Guidance Note to encourage best practice and stronger due diligence during real estate transactions in Europe.
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PropertyEU Archive
Prime European rents and yields stable in Q1: CBRE
The first quarter of 2011 was one of general stability in values across the European commercial property market, with prime rents and yields seeing little movement, according to the latest figures released by CB Richard Ellis (CBRE).
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PropertyEU Archive
MFI bags 50% of Paunsdorf Center in Leipzig
German shopping centre specialist Management für Immobilien (MFI) has acquired a 50% stake in the Paunsdorf Center in Leipzig, Germany, from a subsidiary of the Canadian shopping centre group Ivanhoe Cambridge. The Canadian group is retaining the remaining 50%.
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PropertyEU Archive
FDL sells assets in Essen and Düsseldorf
French SIIC Foncière Développement Logements (FDL) has signed two sale agreements with two German institutional investors for the divestment of 627 housing units located in the cities of Essen and Düsseldorf, in the Ruhr region. The transaction volume amounted to a total of EUR 42 mln, representing a profit to ...
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PropertyEU Archive
Bank of Italy mandates Colliers, Exit1 to sell EUR 300m of assets
Italy's central bank has appointed Colliers International and Exit One as advisors for the sale of a real estate portfolio consisting of former bank branches and some residential units distributed throughout Italy. The assets, with a market value of some EUR 300 mln, offer roughly 240,000 m[sup]2[/sup] of space including ...
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PropertyEU Archive
Aviva Tower in London sells for EUR 326m
CB Richard Ellis Loan Servicing announced on Thursday that Aviva Tower, part of the failed White Tower 2006-3 plc commercial mortgage-backed security issue, is to be sold to an unnamed buyer for £288 mln (EUR 326 mln).
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PropertyEU Archive
Kier Group buys Lloyds' 50% stake in development unit
UK construction and property group Kier has agreed to acquire Lloyds Banking Group's 50% stake in their jointly-owned portfolio of real estate assets for £91 mln (EUR 103 mln).
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PropertyEU Archive
IVG to sell office building in Brussels
International real estate advisers Savills and CB Richard Ellis have been appointed in the sale of Boulevard du Régent 37-40, in Brussels city centre.
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PropertyEU Archive
Asian serviced residence firm expands in Germany
Serviced residence specialist The Ascott Limited has expanded its presence in Germany with a EUR 28 mln investment in Frankfurt. Ascott, a wholly owned unit of Singapore-listed CapitalLand, announced on Wednesday that it is acquiring a turnkey serviced residence property which is scheduled to open in 2014.
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PropertyEU Archive
European retail property sector outshines rest of market: CBRE
European retail investment grew to EUR 12.2 bn in the first quarter (Q1) of 2011 - a 4% increase over Q4 2010 and the highest quarterly total since Q1 2008, according to the latest research by CB Richard Ellis.
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PropertyEU Archive
Frank Teupe heads RE acquisition at Real IS
Frank Teupe took over in April as head of Real Estate acquisition at German fund manager Real IS, replacing Markus Brucker who leaves in June to set up his own business.
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PropertyEU Archive
Vastned O/I and NSI agree merger plan
Listed Dutch real estate companies Vastned Offices/Industrial and Nieuwe Steen Investments announced on Wednesday that they have reached agreement on a merger.
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PropertyEU Archive
Sonae Sierra puts 2 Spanish malls on the market - exclusive
Portuguese retail specialist Sonae Sierra has put the Dos Mares and La Farga shopping centres in Spain on the market, PropertyEU has learnt. The company is understood to have mandated C&W to sell Dos Mares in La Manga, located between the cities of Alicante and Cartagena.
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PropertyEU Archive
W.P. Carey eyes Spain and CEE for new SLB deals
W.P. Carey, the global sale-and-leaseback specialist, is eyeing opportunities in Spain and Eastern Europe as it seeks to invest about EUR 1 bn in Europe this year.
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PropertyEU Archive
CEE property returns rebound in 2010: IPD
Central and Eastern European commercial property market performance returned to positive territory in 2010, delivering a 3.1% euro-denominated total return, according to the IPD CEE Annual Property Index. This was a strong improvement on 2009’s -6.5% return.
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PropertyEU Archive
Etalon admitted to trading in London
Russian residential property developer Etalon Group was admitted to trading on London Stock Exchange on Wednesday. Over 94 million of the company's shares in the form of global depository receipts (GDRs) are listed on LSE's Main Market following a EUR 398 mln IPO last week.
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PropertyEU Archive
PNK sells Russian warehousing project for EUR 25m
US investor PNK Group has sold a built-to-suit warehousing facility in the PNK-Chekhov logistics park in the Oblast district of Moscow to Russian group ????. Oleg Mamaev, Chief Executive Officer of PNK Group said the deal was completed for a price of EUR 25 mln.
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PropertyEU Archive
British Land gets approval for 5 Broadgate
UK REIT British Land and private equity firm Blackstone Group have received planning permission for their development of a new office complex for financial services firm UBS in the City of London.
