Latest reports – Page 3012
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PropertyEU Archive
Grosvenor extends London office fund
Grosvenor Fund Management (GFM) has extended the life of the Grosvenor London Office Fund (GLOF) by five years to 2017, following a vote by investors.
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PropertyEU Archive
KGAL starts placing French real estate fund
German closed-end fund manager KGAL said it has started marketing PropertyClass Frankreich 1, its first French real estate investment vehicle. The fund made its first acquisition in October 2010 with the purchase of an office building in Fontenay-sous-Bois, Île-de-France, about 5 km east of Paris. The High Quality Environmental (HQE) ...
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PropertyEU Archive
Sveafastigheter closes third fund with EUR 317m
Nordic real estate private equity firm Sveafastigheter has held the third and final close in its latest fund, Sveafastigheter Fund III. Including previous commitments, the fund has now received capital commitments totalling EUR 317 mln.
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PropertyEU Archive
DIC plans more funds after fully placing maiden fund
Frankfurt-based real estate investor DIC Asset said it is planning further fund launches after fully placing its first EUR 120 mln special fund, DIC Office Balance I. Commitments in excess of this amount have already been attracted for the fund’s further development, DIC said, and the aim is to increase ...
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PropertyEU Archive
Bouwfonds REIM to roll out 2nd European parking fund
Bouwfonds Real Estate Investment Management plans to launch a second European parking fund for institutional investors in the first quarter of 2011. Bouwfonds European Real Estate Parking Fund II will invest in a diversified pan-European portfolio of prime car parks. The target size of the fund will be EUR 500 ...
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PropertyEU Archive
Helical Bar jv clinches EUR 64m deal in London
A joint venture between a subsidiary of Helical Bar and affiliates of The Baupost Group has exchanged binding contracts to acquire the freehold interest in land and buildings at Bartholomew Close, Little Britain and Montague Street, for a cash consideration of £55 mln (EUR 64 mln). The vendors were St ...
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PropertyEU Archive
European hotels back in action: JLL Hotels
2010 proved to be a year of recovery in EMEA for both hotel operators and investors alike, with investment volumes across the region totalling EUR 7.7 bn, compared to EUR 3 bn in 2009, according to the Hotel Investment Highlights report by Jones Lang LaSalle Hotels.
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PropertyEU Archive
Westfield founder Frank Lowy takes backseat role
Frank Lowy, founder and executive chairman of Australian shopping centre developer and owner Westfield Group, is to assume the role of non-executive chairman from 25 May, handing over the baton to his two sons Peter and Steven who will become joint CEOs.
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PropertyEU Archive
HSBC REIM bags Paris building for EUR 34m
The Elysée Pierre SCPI investment vehicle, managed by HSBC Real Estate Investment Management, has acquired the 5th Avenue office scheme located in Courbevoie, in the northwestern suburbs of Paris for nearly EUR 34 mln. The vendor is French listed group Gecina.
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PropertyEU Archive
Westimmo finances 'Avatar' in Krakow
Westdeutsche ImmobilienBank (WestImmo) has provided Spanish private equity group Azora International with EUR 21.6 mln in investment financing for the A-Class office building Avatar in Krakow, Poland. The transaction was arranged, underwritten and completed in December 2010.
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PropertyEU Archive
Crown Estate acquires Portsmouth retail park for EUR 72m
UK property company Capital & Regional announced that the Junction Fund has exchanged contracts for the sale of Ocean Retail Park Portsmouth to The Crown Estate for £60.8 mln (EUR 72 mln). The sale price reflects a net initial yield of 5.8% and a premium to the end-December 2010 valuation.
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Magazine
Strength, control and sustainability
Blowout, collapse, rubble, ashes, consolidation, takeover – these are words we have heard a lot in the last few years as the -industry downturn has claimed victim after victim, manager after manager, leaving many investors high and dry. But here’s a deal with a difference – one where all parties appear to win. Noel Manns talks to Martin Hurst about Europa Capital’s success, its new strategic investor and what this means for the fund manager and its investors
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Magazine
Hands tied
Investors who understand only too clearly the -rationale for international diversification can do little with their domestic portfolios but wait. But the attractive pricing of Irish property might offer hope, as Gail Moss reports
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PropertyEU Archive
JLL boosts UK Retail team
Jones Lang LaSalle's Property and Asset Management business in the UK has announced that Catherine Lambert, head of its Retail Management team, has moved into a new role as chairman of Retail Management whilst Richard Davies takes the role of lead director. Lambert, who joined the firm from CBRE in ...
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PropertyEU Archive
Fahrer joins Warburg-Henderson to oversee Koop fund
Hamburg-based Warburg-Henderson has appointed Daniel Fahrer as new senior portfolio manager with responsibility for the new Koop fund.
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PropertyEU Archive
Sentiment hits all-time high in Germany: King Sturge
The springtime recovery of the German macro-economy is spilling over into the real estate industry. This is the key conclusion of the monthly King Sturge Real Estate Economy Index in its February survey among 1,000 relevant market players.
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PropertyEU Archive
European stocks outperform in February
European listed stocks turned in the best performance globally in February, with the GPR 250 Europe Index rising 5.4% over the month. Asian stocks fared less well, with the GPR 250 Asia falling 0.8%.
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PropertyEU Archive
Online shopping boosts European retail sales: CBRE
Online retailing emerged as the big winner over the 2010 Christmas period as many European markets saw shoppers increase their spending via the internet, bolstering retail sales growth in Europe, according to the latest analysis by CB Richard Ellis (CBRE).
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PropertyEU Archive
Savills expands in Sweden
International real estate advisor Savills has acquired Stockholm-based property management firm Stadsmuren, providing a new service offering for its clients in Sweden and adding to its European property management network.
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PropertyEU Archive
Developers see project pipelines expand
Europe's leading developers have slightly fuller pipelines in volume terms compared with 2010, marking a turnaround from the past three years when projects were put on ice or scrapped altogether due to lack of financing. The overall pipeline figure for the top 25 developers in Europe grew by around 5% ...
