Latest reports – Page 2992
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News
GE Capital RE secures €240m in equity for Polish retail fund
Fund seeded with nine high-quality shopping centres located in seven major Polish cities.
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PropertyEU Archive
Leading pension funds launch new sustainability index
Eleven of the world's largest pension asset managers, representing $1.4 tln (EUR 1 tln) in assets under management, have joined forces to create the Global Real Estate Sustainability Benchmark (GRESB).
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PropertyEU Archive
Etalon sets price range for London IPO
Russian real estate developer Etalon Group has set the price range for its initial public offering on the London Stock Exchange at $7 (EUR 5) to $9 (EUR 6.3), valuing the company at up to $2 bn. Etalon hopes the issue will raise up to $500 mln with a greenshoe ...
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PropertyEU Archive
GLL obtains EUR 308m facility for CEE portfolio
A club of banks arranged by pbb Deutsche Pfandbriefbank has jointly provided a EUR 308 mln facility to Accession Fund SICAV to finance an office and logistics portfolio across Central and Eastern Europe. German fund manager GLL Real Estate Partners acted as adviser to Accession Fund on the transaction which ...
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PropertyEU Archive
GPR European property index fell 1% in March
European stock exchange-listed property funds were down an average 1% in March but up 3% in the first quarter as a whole, according to new figures from Global Property Research.
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PropertyEU Archive
SEB AM sells ImmoInvest properties for EUR 103m
SEB Asset Management has confirmed the sale of two portfolio properties in Germany belonging to its SEB ImmoInvest open-ended real estate fund. The two properties - City Carrée retail park in Salzgitter and the Das ES! shopping centre in Esslingen - were sold for a total of EUR 103 mln.
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PropertyEU Archive
Cordea Savills German Retail fund makes two acquisitions
Fund manager Cordea Savills has acquired five out-of-town retail warehouse assets on behalf of its German Retail vehicle. Four of the properties, bought as a portfolio, are located in Bavaria and Rhineland-Palatinate. The fund is also taking ownership of a larger retail park near Dortmund.
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PropertyEU Archive
DIC Asset raises EUR 52m in capital increase
German property company DIC Asset said its share capital has increased from EUR 39 mln to EUR 46 mln following a capital increase last week which was more than five times oversubscribed and generated total proceeds of over EUR 52 mln. Shareholders in the Frankfurt-based company subscribed to all 6.5 ...
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PropertyEU Archive
Institutional investors commit EUR 100m to PURetail fund
Scottish Widows Investment Partnership and Cushman & Wakefield Investors have announced the first close of their Pan-European Urban Retail fund (PURetail) with EUR 100 mln in equity committed by three European institutional investors.
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PropertyEU Archive
Sustainable office helps attract top staff: Union Investment
The socio-cultural qualities of office buildings are set to play a growing role in the coming years as companies compete to attract the best staff, according to a new report published by Union Investment.
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PropertyEU Archive
CBREI acquires French business park
CB Richard Ellis Investors' Pan European Core Fund (PEC) has acquired the Central Parc business park near Paris from a private investor. The global real estate investment manager said that the transaction, arranged by Savills, is the fund's second acquisition in France and third acquisition in Europe. The financial details ...
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PropertyEU Archive
ECE opens extension to Altmarkt-Galerie in Dresden
ECE Projektmanagement has completed the project to extend the Altmarkt-Galerie shopping centre in the German city of Dresden. The extension work has added around 18,000 m[sup]2[/sup] of sales area to the former Intecta building, creating a new three-storey mall, with around 100 stores, cafés, restaurants and service businesses.
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PropertyEU Archive
Rockspring buys in Germany and Spain
Rockspring Property Investment Managers has made two retail property acquisitions in Spain and Germany for a total of EUR 115 mln. In Germany, Rockspring has purchased Das Es!, a dominant downtown shopping centre in Esslingen to the southeast of Stuttgart, from SEB Asset Management for EUR 69 mln, reflecting a ...
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PropertyEU Archive
Swiss property market returns improve over 2010
Switzerland's property market has continued its unbroken streak of nine-consecutive years of capital appreciation, with 1.4% in 2010, according to the IPD Switzerland Annual Property Index.
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PropertyEU Archive
Carrefour, Realia partner to complete Santiago mall
Spanish listed property firm Realia and Carrefour Property have joined forces to complete the development pf and operate the As Cancelas shopping centre located in Santiago de Compostela, Spain. The total investment is expected to amount to EUR 90 mln.
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PropertyEU Archive
Orion snaps up Berlin's Allee mall from DWS
European real estate investor Orion Capital Managers has acquired the Allee shopping centre in Berlin-Hohenschönhausen from a closed-end fund managed by DWS, the mutual fund company of Deutsche Bank's Asset Management Business Division. The transaction price was not revealed, but is believed to be in the region of EUR 50 ...
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PropertyEU Archive
Deutsche Hypo places EUR 1b Pfandbrief
German lender Deutsche Hypothekenbank has successfully placed a EUR 1 bn public sector Pfandbrief.
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PropertyEU Archive
BNP sells Bologna hypermarket, launches new fund
The Italian fund management arm of BNP Paribas REIM has announced the sale of a hypermarket in the Via Larga shopping centre in Bologna, Northern Italy, to local hypermarket group Gruppo Nordiconad for over EUR 31 mln. The property was owned by the BNL Portfolio Immobiliare fund, which is currently ...
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PropertyEU Archive
Cerberus bags EUR 1b portfolio from Metro shareholders
US private investor Cerberus Capital Management (Cerberus) has completed the acquisition of a EUR 1 bn real estate portfolio consisting of 45 Metro Cash & Carry properties in Germany from the three major shareholders of Metro, Franz Haniel & Cie, Otto Beisheim and the Schmidt-Ruthenbeck family. The deal, which was ...
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PropertyEU Archive
Pramerica sells in London and Hannover
TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, has divested an office and commercial building in the City of London to an unnamed buyer. The sales price of £65 mln (EUR 74 mln) is 25% above the price Pramerica paid for the building back in 2009.
