Latest reports – Page 2987
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PropertyEU Archive
Global RE investment surges to EUR 62bn in Q1
Preliminary figures released by Jones Lang LaSalle’s Capital Markets Research reveals that global direct commercial real estate investment volumes totalled just under $90 bn (EUR 62 bn) in the first quarter of 2011. This figure is down 20% from the previous quarter but up nearly 38% from Q1 2010, indicating ...
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PropertyEU Archive
DIC Asset plans EUR 100m corporate bond offer
German listed real estate company DIC Asset has announced plans to issue a five-year corporate bond with a volume of up to EUR 100 mln. The debt securities are intended for private and institutional investors in Germany and Austria within the framework of a public offer.
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PropertyEU Archive
Grosvenor leads EUR 268m retail acquisition in Sweden
A consortium led by Grosvenor Fund Management (GFM) has acquired a portfolio of four retail properties in Sweden from listed European real estate giant Unibail-Rodamco for SEK 2.4 bn (EUR 268 mln).
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PropertyEU Archive
FDL buys 1,000 residential units in Berlin
Foncière Développement Logements (FDL) has signed an agreement to acquire a portfolio of 1,053 residential units, offering around 80,000 m[sup]2[/sup] in Berlin. The transaction price amounts to EUR 84 mln. The purchase will be 50% financed with own cash resources and 50% funded with bank debt.
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PropertyEU Archive
City of London prime rents up by 17.5%: BNP Paribas RE
Prime office rents across all Central London markets have risen over the last year, according to BNP Paribas Real Estate. In the City prime rents rose to £54.50 per sq ft in the first quarter of 2011 which represents a 17.5% increase from Q1 2010 whilst in the West End ...
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PropertyEU Archive
BL and Tesco complete 3rd jv refinancing
The Tesco British Land Property Partnership (TBLPP), a 50:50 joint venture between British Land and Tesco, has refinanced its Beaumont Leys Shopping Centre in Leicester.
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PropertyEU Archive
F&C REIT, AREA in £120m property club deal
Clients of F&C REIT, including AREA Property Partners and Turkey-based ESAS Holding, have completed three UK acquisitions in a club deal totalling £120 mln (EUR 136 mln).
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PropertyEU Archive
Kanam on track with US-grundinvest liquidation
Unit holders in Kanam's US-grundinvest fund are to receive a second payment in June as the wind-up of the only dollar-denominated German open-ended fund continues on schedule.
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PropertyEU Archive
APG and Goodman consider bid for Prologis European Properties
Dutch pension fund APG and Goodman Group are considering making an offer together with a group of like-minded investors to acquire for cash 100% of the ordinary units in ProLogis European Properties (PEPR). Under terms of the indicative proposal, PEPR's management rights would be transferred from ProLogis to Goodman.
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PropertyEU Archive
Tishman Speyer snaps up Paris' Olympe office building
Tishman Speyer has acquired the Olympe office building in the Saint Denis suburb of Paris from LaSalle Investment Management's European Growth Fund II. The financial details were not disclosed.
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PropertyEU Archive
Deutsche Hypo reports 27% growth in new business in 2010
German lender Deutsche Hypo reported a jump of 27% in new business during the 2010 financial year, which also saw interest income soar by 47%.
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PropertyEU Archive
Buss Capital buys office building in Almere for EUR 22m
Hamburg-based Buss Capital acquired office building De Landdrost in Almere, the Netherlands for EUR 21.7 mln. The vendor is Dutch property group Breevast. The 8,927-m[sup]2[/sup] property is located in the centre of the city and was delivered in December 2010. Educational institute VU-Windsheim has taken a 14.5-year lease on the ...
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PropertyEU Archive
Debt shortage encourages new forms of funding: JLL
Debt financing has become difficult, and will continue to be so for the foreseeable future, JLL has noted in its latest European Capital Markets bulletin.
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PropertyEU Archive
European property investment hits EUR 27bn in Q1
European commercial real estate transaction volumes hit EUR 26.7 bn in the first quarter (Q1) of 2011 as the investment market built up further momentum, according to the latest data by CB Richard Ellis (CBRE).
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News
Partners Group, Perennius invest in Italian solar power
Swiss-based private market specialist, Italian fund manager have enter JV with First Reserve.
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News
French real estate recovers, delivers double-digit returns
IPD France Annual Property index records rise in values of 4%, total return of 10% for 2010.
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News
Capital raising for private equity real estate yet to recover
Preqin finds 17 funds raised $5.8bn in first quarter of 2011, down from $6.5bn.
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News
Germany's Patrizia re-shuffles portfolio, opens new offices
Company aims to increase focus on commercial property in wake of LB Immo Invest deal.
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News
L&G Property secures further £100m in institutional investment
Secures funds from diverse group of investors in France, Finland, Switzerland and Japan.
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News
Institutional investors expect 5% return on German property – IPD
More than half of respondents to survey cite figure between 4.6% and 5.2%.
