Latest reports – Page 3025
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PropertyEU Archive
PropertyMarch expands into Europe
PropertyMatch, the secondary trading portal for unlisted real estate funds, has expanded into Europe this year as it seeks to enhance the marketplace for trading secondary units in unlisted real estate funds. PropertyMatch is a joint venture between CB Richard Ellis and GFI Group.
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PropertyEU Archive
KGAL shops in London with £116m office deal
German closed-end fund manager KGAL has acquired 60 Gracechurch Street in London from Evans Randall for around £116 mln (EUR 137 mln). The transaction is the biggest acquisition in London by KGAL, who develop and manage investments in real estate, aircraft, infrastructure, ships and private equity.
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PropertyEU Archive
Hemfosa in EUR 250m Landic VIII portfolio deal
Sweden's Hemfosa has acquired Municipalfastigheter's properties (previously known as Landic VIII) with an underlying property value of SEK 2.2 bn (EUR 250 mln).
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PropertyEU Archive
Irish developer wins legal battle with NAMA over loans
Irish developer Paddy McKillen has won a legal challenge to stop the country's bad bank structure, National Asset Management Agency (NAMA), taking control of EUR 2.1 bn in loans, Irish media reported on Thursday. The Supreme Court overturned an earlier ruling that NAMA could acquire the loans owed by the ...
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PropertyEU Archive
Andrew Szyman named co-chair of UN property working group
Andrew Szyman, head of Sustainability at F&C REIT Asset Management, has been appointed as co-chair of the United Nations Environment Programme Finance Initiative's (UNEPFI) Property Working Group.
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PropertyEU Archive
Germany's ZIA warns of negative effect of Solvency II
The proposed Solvency II regulation for European insurance companies threatens to have serious negative consequences on the entire real estate industry, the German property federation ZIA has warned. 'Real estate investments will become far less attractive with the capital requirements currently planned,' said Bärbel Schomberg, vice-president of Zentraler Immobilien Ausschuss ...
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PropertyEU Archive
EMEA CMBS to face increased refinancing risk, says Moody's
Loans backing commercial mortgage-backed securities (CMBS) in Europe, the Middle East and Africa (EMEA) will continue to perform poorly in the next five years, according to a new report issued by Moody's.
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PropertyEU Archive
Arno Elmer appointed COO of CBRE Germany
CB Richard Ellis (CBRE) has appointed Arno Elmer as the new chief operating officer (COO) in Germany. Elmer will be responsible for all Support and Central Services Lines.
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PropertyEU Archive
Bank sales set to pick up momentum in 2011
The market has been predicting that banks will reduce their distressed loan books for some time, but there is now a rising tide of evidence that this is actually happening, according to specialist Central London investment adviser Gresham Down Capital Partners.
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PropertyEU Archive
Guy Douetil joins Colliers' corporate solutions platform
Colliers International has announced the appointment of Guy Douetil to lead their corporate solutions platform across Europe, Middle East and Africa.
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PropertyEU Archive
Orco closes EUR 119m sale of Berlin project
The German arm of Orco Property Group has completed the sale of Orco Leipziger Platz GmbH, the owner of the Wertheim project on Leipziger Platz in Berlin. The net sales price amounts to EUR 89 mln, plus an additional payment of EUR 30 mln to be paid upon completion of ...
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PropertyEU Archive
Pramerica in second Swedish JV with Aros
Pramerica Real Estate Investors has announced the formation of a follow-on second joint venture with local partners Aros Management, for residential conversion and development in Sweden. In total the partnership intends to invest SEK 220 mln (EUR 25 mln), which with leverage has the potential to provide a total investment ...
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PropertyEU Archive
Carlyle bags 2 retail galleries in Sweden for EUR 94m
Global alternative asset manager Carlyle has announced the acquisition of the Gallerian and Punkt retail galleries in Sweden from UK-based investor Boultbee for over £80 mln (EUR 94 mln).
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PropertyEU Archive
Carrefour mulls project to list real estate assets
French retail group Carrefour has confirmed that it is considering listing certain assets to return money to shareholders and improve profits but added that no final decision has been made yet. Although several projects are currently being studied for freeing up the real estate assets, Carrefour said that it intends ...
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PropertyEU Archive
Interview: 'ING RED isn't dead: it's downsizing'
The international real estate development arm of Dutch banking group ING is gearing up for an i'ntensive phase' in its existence, unit CEO Hein Brand told PropertyEU Magazine.
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PropertyEU Archive
BNP Paribas RE moves to new HQ in Issy-les-Moulineaux
BNP Paribas Real Estate is bringing together its six business lines to a new headquarters in Issy-les-Moulineaux, near Paris. The office complex was developed by BNP Paribas RE's development unit and is currently owned by SEB Asset Management.
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PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 200m to GSW
Pbb Deutsche Pfandbriefbank has provided German residential propety owner GSW Immobilien with a long-term loan of EUR 200 mln, as part of a refinancing for a securitized credit which GSW has now replaced with a number of individual loan agreements.
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PropertyEU Archive
Atrium buys and sells in three countries
CEE shopping centre specialist Atrium European Real Estate has announced the EUR 11 mln acquisition of a 22,500 m[sup]2[/sup] land plot next to its recently-acquired Promenada shopping centre in Warsaw. The site was bought from Pirelli Pekao Real Estate.
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PropertyEU Archive
IVG fund in EUR 455m financing for cavern deal
Germany's largest property company IVG Immobilien has received a EUR 455 mln long-term financing facility from a bank consortium led by Commerzbank for the purchase of a portfolio of 30 caverns still under construction. The acquisition is earmarked for the IVG Caverns fund, which was launched in 2008 with EUR ...
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PropertyEU Archive
JLL reports record full-year revenue in 2010
Jones Lang LaSalle (JLL) saw revenue rise by 18% in 2010 to a record $2.9 bn (EUR 2 bn), bolstered by a strong fourth-quarter result of $956 mln. Net income came to $154 mln for the year, which compares to a net loss of $4 mln a year earlier.
