Latest reports – Page 3019
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PropertyEU Archive
Cultural factors made CBRE preferred buyer: White
CB Richard Ellis was the buyer of choice for ING REIM's management team for a number of reasons, making the US brokerage group the clear winner in the takeover of the fund manager's European and Asian operations, CEO Brett White of CBRE Group said in a conference call to analysts ...
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PropertyEU Archive
Hendrikse to head European arm of CBREI-ING REIM
Pieter Hendrikse, CEO of ING REIM Europe, will be the new European CEO of the mammoth real estate investment fund manager to emerge from the combination with CBRE Investors.
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PropertyEU Archive
Treasury gets green light for Battersea project
Treasury Holdings's planning application for the redevelopment of Battersea Power Station site in London has been approved by the UK Secretary of State for Communities and Local Government Eric Pickles.
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PropertyEU Archive
Goodman to develop warehouse in Leipzig
Goodman Group has signed a deal with DB Schenker Logistics for a 63,000 m[sup]2[/sup] pre-committed warehouse development in Leipzig, Germany. Schenker Deutschland will provide logistics services for BMW at the new facility and is expected to create up to 600 new jobs when it is fully operational. Upon completion the ...
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PropertyEU Archive
Savills, Fap offer finance advice to developers
Financial advisor Flatow AdvisoryPartners (FAP) and international real estate advisor Savills have formed a collaboration to provide finance and transactional advice in the property development market.
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PropertyEU Archive
BL, Blackstone get go-ahead for Bishopsgate revamp
Bluebutton Properties, a partnership of British Land and Blackstone Group, has received planning consent for the major refurbishment of 199 Bishopsgate in the City of London. The scheme, which is due for completion at the end of next year, will deliver 13,200 m[sup]2[/sup] of office accommodation.
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PropertyEU Archive
Boultbee restructures loan on EUR 1b mall deal
UK real estate investor Boultbee has announced the restructuring of the loan for the largest retail property acquisition of 2007. The transaction involved Boultbee and Lehman Brothers buying the Centrum Kompaniet portfolio of 10 shopping centres from the municipality of Stockholm for SEK 10 bn (then about EUR 1 bn ...
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PropertyEU Archive
BNP Paribas RE buys Milan asset from administration
BNP Paribas Real Estate's Italian real estate development arm has acquired a vacant office building at Via Legioni Romane in Milan out of administration for an undisclosed amount. The seller is Legioni Romane Properties srl, which is owned by Reif 3, a 50/50 partnership of Aedes Immobiliare and Cordea Savills.
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PropertyEU Archive
First Atlantic in exclusivity to buy Rinascente building
First Atlantic Real Estate is in exclusive negotiations to acquire the historic Rinascente building located in Milan's Piazza Duomo for EUR 460-480 mln, representing a yield of 5%, well-informed market sources have told PropertyEU.
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PropertyEU Archive
GSW concludes EUR 890m refinancing
Berlin-based private residential real estate company GSW Immobilien has concluded the refinancing of its EUR 890 mln Commercial Mortgage Backed Securities loan.
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PropertyEU Archive
Prime Milan rents to remain stable: Savills
Following some slight growth in rental values for prime offices in 2010 for Milan's Central Business District (CBD), from EUR 460 m[sup]2[/sup] per year in Q4 2009 to EUR 500 per m[sup]2[/sup] per year in Q4 2010, Savills expects prime office rents to remain stable throughout 2011.
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PropertyEU Archive
IVG issues new Paris fund for institutional investors
IVG Institutional Funds has issued a Paris-focused real estate investment fund with a volume of around EUR 250 mln. The fund has a term of 10 years.
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PropertyEU Archive
CBRE clinches ING REIM deal
CB Richard Ellis Group is to acquire the majority of the real estate investment management business of Netherlands-based ING Group for $940 mln (EUR 696 mln) in cash.
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PropertyEU Archive
Europa Capital JV gets green light for Windsor project
A joint venture of Europa Capital and St Congar Properties has secured planning consent for its 25,500-m[sup]2[/sup] office project at Imperial House in Windsor, near London. The development is to be laid out on the 1.9 hectare landscaped site and comprises four office buildings with 495 car spaces arranged around ...
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PropertyEU Archive
Corestate raises EUR 120m for German fund
Corestate Group has announced the second closing of a new equity raise on behalf of its German Commercial Fund, securing additional investment capacity of about EUR 120 mln.
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PropertyEU Archive
Real IS bags Ansgarhof property in Hamburg
German fund manager Real IS has purchased the Ansgarhof office building at Hamburg's Valentinskamp for its Spezialfonds BGV IV. The property was sold for an undisclosed amount by Tishman Speyer.
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News
CFA Institute calls for REIT governance overhaul in Asia
Seeks to minimise conflicts of interest between external management, REIT unit-holders.
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News
Ontario Teachers focuses on JVs, relegates fund investments
Cadillac Fairview, which manages real estate exposure, targets joint ventures outside Canada.
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News
St Bride's launches office, industrial club funds in London
Start-up launched by former ING Real Estate head Robert Houston raises capital for two funds.
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News
New investors join Corestate's value-add real estate strategy
Private equity specialist raises fresh capital for existing German Commercial Fund.
