Latest reports – Page 3015
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News
Thursday people roundup
RREEF, TAN-EU Capital, Cushman & Wakefield, Behringer Harvard, Segro, British Land.
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PropertyEU Archive
GPE carries out property swap on Oxford Street
Great Portland Estates (GPE) has swapped its freehold interest in 79/89 Oxford Street, London W1 with a private investor in return for a new 250-year leasehold interest at both 79/89 Oxford Street and the adjoining property, 73/77 Oxford Street.
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PropertyEU Archive
IABR calls for projects
The 5th International Architecture Biennale Rotterdam (IABR) has called for submissions of projects that 'advance innovative responses to today's most pressing urban challenges'. Municipal, metropolitan and national governments, cultural organizations, researchers, designers, and other parties are invited to submit design projects that rethink the existing interaction between politics, planning and ...
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PropertyEU Archive
Vosper joins RREEF as head of client relations EMEA
RREEF, the real estate investment management business of Deutsche Bank's Asset Management division, has announced that Paul Vosper has joined the company as head of Client Relations, EMEA. In this role he will lead the European client relations team's fund raising efforts in Europe and the Middle East, developing and ...
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PropertyEU Archive
Polish retail property continues to outperform: CBRE
Continued interest in defensive retail assets and the completion of some prime transactions in Central and Eastern Europe (CEE) resulted in the region's 2010 retail investment turnover reaching EUR 1.8 bn, twice the level registered in 2009, according to research by CB Richard Ellis (CBRE).
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PropertyEU Archive
SEB AM sells 2 office properties for EUR 125m
SEB Asset Management has sold two office properties in Milan and Brussels from the SEB ImmoInvest portfolio for a total of EUR 125 mln. The investment volumes is higher than the market valuations of the assets.
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PropertyEU Archive
ECE secures financing for EUR 220m Istanbul scheme
German shopping centre specialist ECE has secured financing for its EUR 220 mln project Marmara Park in Istanbul days before the first foundation stone is due to be laid on 1 March. The investor is a closed real estate fund of DWS, which is taking over 50% of the planned ...
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PropertyEU Archive
RBS marks 50% of property loans as 'non-core'
Royal Bank of Scotland (RBS) has designated 52% of its £87 bn (EUR 102 bn) commercial real estate lending portfolio as 'non-core' which is earmarked for repayment or sale by 2014. The financier reduced its overall loan book by about 11% last year from £98 bn (EUR 115 bn) in ...
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PropertyEU Archive
St Modwen submits planning application for £1b project
UK regeneration specialist St. Modwen Properties has submitted two planning applications to Newport City Council for its Glan Llyn development, a project to redevelop the former Llanwern steelworks east of Newport, South Wales, into a £1 bn (EUR 1.18 bn) sustainable community.
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PropertyEU Archive
Bouwfonds' residential fund shops in Germany, France
Bouwfonds Real Estate Investment Management said that its EUR 315 mln open-ended property fund, European Residential Fund has increased its property portfolio with new acquisitions in Germany and France.
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PropertyEU Archive
BlackRock sets up industial jv in UK
Global asset manager BlackRock had established a joint venture with UK REIT Workspace to acquire high income yielding multi-let industrial or office buildings in London and the Southeast. The target lot size range is £5-£20 mln, although larger and smaller deals will be considered. The JV partners will commit up ...
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PropertyEU Archive
ECE appoints Schomberg to sustainability advisory board
Bärbel Schomberg, CEO and owner of German advisory firm Schomberg & Co. Real Estate Consulting, has been appointed to the sustainability advisory board of Hamburg-based real estate developer ECE.
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PropertyEU Archive
FdR's NAV rises by 7% in 2010
French office group Fonciere des Regions (FdR) posted a 1.3% increase in its recurrent net income to EUR 308 mln in 2010, and said it expects a stable result for 2011. Net Asset Value rose by 7.3% to EUR 4.44 bn in 2010, driven by a 5.3% like-for-like growth in ...
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PropertyEU Archive
Citycon buys 50% of Finland's Espagalleria
Finnish retail property manager Citycon said it will buy a 50% share in property management company Espagalleria from Palace Kamp Group. It has also assumed responsibility for the commercial management, including the leasing of retail premises, and marketing of Kamp Galleria, a shopping centre in the heart of Helsinki. The ...
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PropertyEU Archive
DB to issue Blackstone property bond - report
Deutsche Bank will be behind the first true UK property securitisation since the onset of the credit crunch, according to the Financial Times.
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PropertyEU Archive
Warburg-Henderson unveils pan-European fund
Warburg-Henderson has launched a new pan-European property investment fund backed by an investment mandate from four municipal pension funds. Warburg-Henderson Koop will target EUR 300 mln of investment across Europe.
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PropertyEU Archive
PREI and Panattoni form Western European JV
Pramerica Real Estate Investors (PREI) has increased its investment into the European logistics warehouse market through the formation of a new Western European partnership with Panattoni Europe, and the expansion of its existing Central and Eastern Europe joint venture with the company.
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PropertyEU Archive
Deutsche Pfandbriefbank strengthens European real estate finance team
European real estate lender pbb Deutsche Pfandbriefbank is strengthening its European real estate finance team led by managing director Harin Thaker with new hires. Philippe Duvergne, a seasoned originator, and Matthew Stansfield, a well-known French Property Analyst, joined pbb in the Paris office in January.
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PropertyEU Archive
Mirland seals EUR 31m debt refinancing
Mirland has become the latest in a string of Russian developers to sign a debt refinancing agreement in the wake of improving market sentiment. The company has refinanced two loan facilities totalling $43 mln (EUR 31 mln) with GazpromBank and Sberbank, two of Russia's leading banks.
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PropertyEU Archive
Large size deals reaches three-year high in Q4
European commercial real estate investment activity jumped in the final quarter of 2010 to EUR 38.6 bn, representing a 57% increase compared to the third quarter (Q3) of 2010, fuelled by strong growth in the number of large transactions being completed.
