Latest reports – Page 3020
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PropertyEU Archive
Grosvenor raises EUR 149m for London estate
The UK and Irish arm of international property firm Grosvenor has raised £125 mln (EUR 149 mln) through the issue of long-term unsecured loan notes in order to diversify its funding sources and help finance forthcoming investment in its London estate.
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PropertyEU Archive
NSI-Vastned O/I merger talks collapse
Amsterdam-listed real estate companies Nieuwe Steen Investments (NSI) and Vastned Offices/Industrial (VNOI) have announced that their merger talks have broken down, with both sides blaming the other for the failure.
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PropertyEU Archive
JLL markets rest of Goldman Sachs' European HQ
Jones Lang LaSalle has confirmed that it is marketing part of Goldman Sachs' European headquarters in London on behalf of joint LPA Receivers, Richard Stanley and Nigel Wheeler of JLL. Peterborough Court & Daniel House, 133-140 Fleet Street, London EC4, was put into receivership last year after owner Jesta Capital ...
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PropertyEU Archive
Morgan Stanley sells Hilton hotel in Barcelona
US investment bank Morgan Stanley has sold the five-star Hilton hotel in Barcelona to Westmont Hospitality for around EUR 40 mln. The property was bought by Morgan Stanley in July 2007 together with seven other hotels for EUR 556 mln.
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PropertyEU Archive
Stock market regulator to buy Madrid HQ for EUR 71m
Spain's stock market regulator, Comisión Nacional del Mercado de Valores (CNMV) has announced that it is buying the Edison office building in Madrid from insurance group Mutua Madrileña for around EUR 71 mln.
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PropertyEU Archive
Sant'Albano appointed as new C&W chairman
Cushman & Wakefield has announced that Carlo Sant'Albano will be named chairman of the board. The appointment will become effective following the next Cushman & Wakefield board meeting in early March. He will be based in London.
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PropertyEU Archive
Kungsleden completes EUR 409m acquisition
Listed Swedish property company Kungsleden has reached a binding agreement regarding the acquisition of the majority of properties of NR Nordic & Russia Properties. This transaction was previously reported in December 2010 and January this year.
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PropertyEU Archive
Orion buys 50% of Foruminvest's Mongolfiera mall
Foruminvest has sold a 50% stake in its Mongolfiera Molfetta shopping centre near Bari, southern Italy to a vehicle managed by Orion Capital Managers. The companies agreed not to disclose financial details, but the transaction price is believed to be in the vicinity of EUR 60 mln. The total scheme ...
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PropertyEU Archive
Experts: wind-down of Hypo Real Estate is best option
UPDATED 14 FEBRUARY 2011 - Hypo Real Estate’s days could be numbered. According to a report commissioned by Germany’s federal government, a wind-down of the troubled bank should be ‘seriously considered’.
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PropertyEU Archive
Aviva Tower goes on sale for EUR 337m
The Aviva Tower in London - a property in the failed White Tower 2006-3 plc commercial mortgage-backed security issue - has been put up for sale for £284 mln (EUR 337 mln), marketing agent CBRE announced on Monday.
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PropertyEU Archive
Peter Wallin to become new CFO of Skanska
Peter Wallin has been appointed the new chief financial officer (CFO) and executive vice president of the Skanska Group. He will succeed Hans Biörck following the presentation of the interim report for the first quarter, which will take place on 5 May. Hans Biörck will turn 60 in 2011 and ...
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PropertyEU Archive
Hammerson teams up with Codic to buy French mall
UK REIT Hammerson has teamed up with Codic France in a 50-50 joint venture to acquire SQY Ouest, a 31,000 m[sup]2[/sup] shopping centre in Saint Quentin-en-Yvelines. The purchase price is put at EUR 38 mln with Hammerson's initial commitment coming to EUR 20 mln, including transaction costs.
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PropertyEU Archive
Romanian Employers’ Union of Building Owners joins EPF
The Employers’ Union of Building Owners (Romania) has joined the European Property Federation as a full member with immediate effect, the EPF said in a press statement.
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PropertyEU Archive
Hesse Newman acquires Hochtief House Hamburg
Hesse Newman Capital has acquired Hochtief House Hamburg from Hochtief Projektentwicklung for an undisclosed sum. A joint venture made up of Hochtief Projektentwicklung, Hochtief Facility Management and Hochtief Construction is currently working on the group's first regional headquarters modelled on the 'One Roof' concept.
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PropertyEU Archive
Wölbern Invest targets acquisitions in France, UK
Wölbern Invest has announced plans to enter the UK and French markets in 2011 as part of a planned acquisition drive. The Hamburg-based closed-end fund manager, which has focused on Germany and the Netherlands for the past 15 years, said it is targeting green, core real estate properties in metropolitan ...
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PropertyEU Archive
Cofinnimo steps up investment programme
Belgian listed property company Cofinnimo plans to boost its investment programme by EUR 262 mln in the next three years, starting with around EUR 98 mln in 2011. At the same time, the company is planning disposals of office properties for this year totalling around EUR 119 mln.
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PropertyEU Archive
Cap & Reg buys Waterside mall at 7.68% yield
Capital & Regional has unconditionally exchanged contracts to purchase the Waterside Shopping Centre in the cathedral city of Lincoln for £24.8 mln (EUR 29 mln), reflecting 7.68% net initial yield. It was the first property acquisition by Capital & Regional since its successful capital raising in 2009.
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PropertyEU Archive
Unibail-Rodamco to sell up to EUR 3b of non-core assets by 2013
Unibail-Rodamco plans to sell EUR 2.5 bn to EUR 3 bn of non-core retail and office assets between now and 2013. European's largest listed real estate company divested more than EUR 1.5 bn of assets at an average yield of 5.5% during 2010.
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PropertyEU Archive
Composition Capital Partners joins ANREV as 100th member
Amsterdam-based Composition Capital Partners has joined ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles, as its 100th member. The addition of the boutique fund of funds manager jmarks a milestone in the Association’s development, the Hong Kong-based association said in a press statement. In the past year, ...
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PropertyEU Archive
IVG raises EUR 87m through share placement
German listed property company, IVG Immobilien, has generated some EUR 87 mln from the placement of 12.6 million ordinary bearer shares with investors as part of an accelerated bookbuilding process. The offering was substantially oversubscribed, the company said in a press release.
