Latest reports – Page 3000
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PropertyEU Archive
Real IS launches EUR 600m BGV fund
Munich-based fund manager Real I.S. has announced that it is launching its fifth fund for institutional investors, which is expected to have a spending power of up to EUR 600 mln.
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PropertyEU Archive
Savills doubles profits in 2010
Real estate adviser Savills increased its pre-tax profits by 173% to £37 mln last year but warned that the future of its Asia Pacific operations remains uncertain.
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PropertyEU Archive
Citycon buys Kristiine mall in Tallinn
Helsinki-listed retail specialist Citycon has acquired the Kristiine Shopping Centre in Tallinn, Estonia from Pro Kapital for some EUR 105 mln. With a gross leasable area of 42,600 m2, Kristiine is Tallinn's second-largest shopping centre after Rocca al Mare, which is also owned by Citycon. Pro Kapital is one of ...
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PropertyEU Archive
AEW, Tristan form Czech logistics alliance with VGP
European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has entered into a 80:20 joint venture with VGP for a logistics portfolio focused around Prague in the Czech Republic. The venture is valued at approximately EUR 300 mln. VGP was the developer and ...
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PropertyEU Archive
Savills adds retail team director to Paris office
International real estate adviser Savills has appointed Karim Olivier Lacheheb as director of its retail team in France.
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PropertyEU Archive
Dutch pension fund retains Grontmij for advisory role
Dutch private pension fund, Stichting Pensioenfonds voor de Media PNO, and its asset manager, Media Pensioen Diensten (MPD) have extended an agreement with Grontmij Capital Consultants (GCC) to advise on the strategy, implementation and monitoring of the pension fund's real estate portfolio.
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PropertyEU Archive
Invista REIM agrees £3m termination fee with Lloyds
Lloyds Banking Group will pay Invista Real Estate Investment Management (Invista REIM) a total of £3.1 mln for early termination of its fund management activities on behalf of the group, HBOS. The HBOS Funds will be transferred to Lloyds on 6 May 2011, with Lloyds paying Invista £2.6 mln on ...
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PropertyEU Archive
First Property acquires Panorama mall in Krasnystaw
UK asset manager First Property has acquired the Panorama shopping centre in Krasnystaw, Eastern Poland from Israeli developer Ardom for an undisclosed amount.
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PropertyEU Archive
Goodman-led consortium buys ING Industrial Fund
ING Real Estate Investment Management (ING REIM) has announced that a majority of unit holders has approved the proposal by Goodman Industrial Funds Management to acquire all of the units in ING's Industrial Fund (IIF) via a trust scheme.
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PropertyEU Archive
Real4You Group in Romanian development spree
Austrian developer Real4You Group is embarking on a major development spree in Romania, in an attempt to expand its reach on Central and Eastern Europe. The company, which was founded in 1995 by Christian Rimpf and Klaus Riederer, will build several shopping centres in Budapest and in cities such as ...
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PropertyEU Archive
Allianz RE Germany names head of asset management
Allianz Real Estate Germany has appointed Mathias Gross to the position of head of Asset Management with effect from 1 April 2011. Gross (45) will report directly to the German CEO, Stefan Brendgen and COO Alexander Gebauer.
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PropertyEU Archive
Deka fund buys building in Warsaw for EUR 103m
Germany's Deka Immobilien has acquired the fully-let North Gate office building in Warsaw, Poland for EUR 103 mln. The building was sold by two companies in the Austrian Volksbank Group, which developed North Gate via its project development company Premiumred.
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PropertyEU Archive
UFG REM re-opens Epargne Foncière fund
Investment manager UFG Real Estate Managers has announced the re-opening of its SCPI investment vehicle, Epargne Fonciere, which has remained closed in the past 20 years.
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PropertyEU Archive
Castellum completes EUR 32m of new investments
Castellum has announced that its fully-owned subsidiary Fastighets AB Briggen has started the construction of a new office building offering 6,000 m[sup]2[/sup] of space in the Västra Hamnen area of Malmö, Sweden. The company plans to invest around SEK 149 mln (EUR 17 mln) in the redevelopment of a former ...
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PropertyEU Archive
Invesco RE seals first deal for new hotel fund
Global real estate investment manager Invesco Real Estate (IRE) has concluded the first acquisition for its second pan-European hotel fund with the sale and leaseback of a portfolio of five hotels in Munich, Hamburg, Frankfurt, Vienna and Salzburg. The total acquisition price amounts to EUR 170 mln. The portfolio is ...
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PropertyEU Archive
Redevco appoints new managing director Central Europe
Dutch privately-held retail property company Redevco said on Wednesday that it has appointed Adam Starr to the position of managing director of its Central European business, effective from 1 June 2011. Starr will succeed Jörg Bitzer, who has covered the role for the past six years. He will continue to ...
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PropertyEU Archive
Johnson&Johnson buys Brussels office building
Healthcare products and pharmaceuticals manufacturer Johnson and Johnson Medical has acquired an office complex located near the Airport of Brussels from Ag Real Estate, previously known as Fortis Real Estate. The companies agreed not to disclose the transaction price.
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PropertyEU Archive
Carlyle may raise EUR 2b for 4th European fund - report
Private equity giant Carlyle is seeking to launch a fourth European real estate fund next year, with the goal of raising EUR 1.5-2 bn of equity, according to a news report by Reuters.
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PropertyEU Archive
Income returns drive growth non-listed funds in Q4
Strong income returns of 1.3% helped the non-listed real estate funds sector deliver an improved performance in the final quarter of 2010 with total returns up on Q3 to 1.9% from 1.6%, according to the latest INREV Quarterly Index.
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PropertyEU Archive
Lloyd Fonds buys office building in Utrecht
Hamburg-based Lloyd Fonds and its Dutch partner Innova Investments have announced the signing of an agreement to purchase a seven-storey office building in Utrecht, the Netherlands, from VolkerWessels for EUR 25 mln, representing a yield of just over 6%. The building is earmarked for a new Holland fund which will ...
