Latest reports – Page 3029
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PropertyEU Archive
Gazeley to build new UK centres for Tesco and B&Q
Global logistics property developer Gazeley has announced plans to construct two new major projects in the UK. In the southwest of England, the company will develop a 74,000-m[sup]2[/sup] built-to-suit (BTS) distribution centre at G. Park Swindon for the British DIY chain, B&Q. The scheme is expected to be delivered in ...
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PropertyEU Archive
CPI snaps up Hilton hotel Valencia for EUR 42m
Continental Property Investments (CPI), the Paris-based real estate investment firm of Lebanese businessman Boutros El Khoury, has acquired the five-star Hilton hotel Valencia out of administration for a bargain basement price.
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PropertyEU Archive
IPD: Shallow negative Irish return masks steep capital falls
Irish commercial property delivered an annual total return of -2.4% last year, a vast improvement on 2009 when total returns declined by 23.3%, according to the SCS/IPD Ireland Quarterly Property Index.
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PropertyEU Archive
Bank sales will dominate 2011 hotel investment market
Hotel investment volumes in the EMEA region are expected to grow by 18% to EUR 8.3 bn in 2011, from EUR 7 bn in 2010, according to Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report.
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PropertyEU Archive
Internos to advise on EUR 170m worth of funds
Internos Real Investors said on Wednesday that it has been appointed as fund and asset manager of Merchant Place Property Partnership 51B (MP51B), which owns 17 retail assets in Germany valued at around EUR 70 mln.
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PropertyEU Archive
4IP buys Sal Oppenheim property investment business
The management of 4IP and Sal Oppenheim Corporate Finance has acquired the real estate investment business of Sal Oppenheim jr & Cie. Corporate Finance that was established four years ago.
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PropertyEU Archive
Germany ousts UK as preferred investment location: INREV
Germany has overtaken the UK as the preferred location for investment in non-listed real estate funds, according to INREV’s 2011 Investment Intentions Survey.
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PropertyEU Archive
Unicredit provides finance for Czech mall project
Italian lender Unicredit and local bank Komercní have agreed to provide project financing for the development of the Breda & Weinstein shopping centre in the historical centre of the northern Czech city of Opava.
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PropertyEU Archive
Deka buys Schloss-Arkaden mall for EUR 250m
German fund manager Deka Immobilien has announced the purchase of Schloss-Arkaden shopping centre in Brunswick, near the German city of Hannover from the CS Euroreal fund managed by Credit Suisse Asset Management. With a transaction volume of EUR 250 mln, the acquisition is one of Germany's largest single-asset property deals ...
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PropertyEU Archive
Greece pins debt hopes on property sales - report
Greece is considering repaying its national debt by selling state-owned properties with an estimated value of as much as EUR 300 bn, according to a news report by Bloomberg. The European Union and International Monetary Fund, as well as German politicians who oppose bailing out Greece and local lawmakers, have ...
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PropertyEU Archive
SPS invests in large-scale project in Zurich
Swiss Prime Site (SPS) is acquiring the SkyKey commercial real estate project in Zurich-North, Switzerland from local developer Karl Steiner. The 63-metre-high building is being constructed according to the LEED standard and will be ready for occupancy in the summer of 2014. The sole tenant is Zurich Insurance Company.
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PropertyEU Archive
Union's Investment index reaches four-year high
The economic recovery has significantly improved the climate for real estate investment in the three major European economies of Germany, France and the UK, with optimism at the start of 2011 higher than at any time since 2006, according to Union Investment's Investment Climate Index.
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PropertyEU Archive
Institutional investors to shun open-ended funds: Deka
German fund manager Deka Immobilien expects that open-ended real estate investment funds will be invested almost exclusively by private investors in the future. In a statement on Tuesday, Deka said institutional investors are likely to shun open-ended funds and start focusing on funds tailored for their investment needs.
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PropertyEU Archive
Ghelamco sells Crown Square to Invesco RE
Belgian developer Ghelamco has sold its Crown Square office project in the Wola district of Warsaw to international property investment manager Invesco Real Estate (IRE). The Breeam certified class-A office building was sold for nearly EUR 64 mln.
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PropertyEU Archive
Deka Immobilien, Union sell in Germany
German fund manager Deka Immobilien has sold the Carrea office property in the Munich area of Parkstadt Schwabing for around EUR 30 mln. The buyer is Competo Bestandsfonds Plus, a fund managed by Munich-based Competo Capital Partners.
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PropertyEU Archive
Redevco Germany invests EUR 100m in retail expansion
Dutch private property company Redevco is rolling out an expansion strategy in Germany that aims to restructure and substantially grow its portfolio in the country.
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News
'Diversification threshold' for Europe is seven, says Invesco Real Estate
EUROPE – Having more than seven markets in a pan-European portfolio will not bring additional diversification, according Robert Stolfo, director of business development at Invesco Real Estate.
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News
Real estate risk profile 'more important' than geography
Geography will cease to be the main factor of real estate funds in the future, an online audience was told during IP Real Estate's latest webcast.
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News
Monday people roundup
Rockspring Property Investment Managers, The Carlyle Group, Heleba, Liberty Property Trust
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News
APG puts weight behind Philippines property developer
GLOBAL – The €266bn Dutch pension asset manager APG has invested P2.25bn (€37.2m) in a Philippines real estate developer.
