Latest reports – Page 3031
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PropertyEU Archive
Pembroke expands European portfolio with first German buy
US private investor Pembroke Real Estate has announced its first acquisition in Germany with the purchase of a Grade-A office and retail property from developer and asset manager Bayerische Hausbau. Both companies have agreed confidentiality on the purchase price.
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PropertyEU Archive
Carlyle names new Italian real estate boss
Global private equity group Carlyle has announced the appointment of Valeria Falcone to the position of new country head real estate for Italy. Falcone will be responsible for selecting new investment opportunities in the market and for carrying out acquisitions for Carlyle Europe Real Estate Partners III (CEREP III), the ...
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PropertyEU Archive
Auchan considers purchase of Simon's GCI stake
French hypermarket group Auchan is mulling the acquisition of Simon Properties' stake in Gallerie Commerciali Italia (GCI) after the US-based retail specialist failed to find a buyer for the asset. According to well-informed market sources, in the past few months all interested parties have withdrawn from the acquisition in GCI, ...
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PropertyEU Archive
Rockspring boosts fund management team with two appointments
Rockspring Property Investment Managers has announced the appointment of Mischa Davis as Fund Manager of the Rockspring Hanover Property Unit Trust and Charles Baigler as Assistant Fund Manager of the Rockspring PanEuropean Property Limited Partnership.
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News
Savills highlights opportunity in Brussels leasing market
BRUSSELS – Investors should target Belgian real estate investments with three to five-year lease maturities, according to Savills.
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News
UK posts double-digit returns, Japan continues to fall – IPD
GLOBAL – The commercial real estate market in the UK recorded the strongest returns for four years in 2010, while the market in Japan continues to suffer after two and half years of falling capital values, according to the latest data from Investment Property Databank (IPD).
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News
Thursday people roundup
GLOBAL – Corestate, Valad, Invista, Grosvenor Fund Management, Hammerson, Cornerstone Real Estate Advisers, Colliers International, Ernst & Young, Treveria, Invesco Real Estate
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News
Global real estate investment surges by more than 50%
GLOBAL – Global real estate investment activity recovered to pre-crisis levels at the end of last year, and Europe and the US have seen the strongest rebounds, according to the latest figures.
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News
Maine PERS board approves $75m commitment to debt fund
GLOBAL – The Maine Public Employees Retirement System has agreed to commit $75m (€56.4m) for the H/2 Credit Partners LP.
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PropertyEU Archive
Prada buys back logistics assets for EUR 50m
Italian beauty and fashion group Prada has confirmed the acquisition of a portfolio of four logistics assets in Montegranaro, Arezzo and Montevarchi, northern Italy, for around EUR 50 mln. The seller is Spazio Industriale, a closed-end fund managed by Prelios, formerly Pirelli Real Estate.
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PropertyEU Archive
Henderson Global Investors disposes of asset in Paris
Henderson Global Investors, on behalf of its German joint venture Warburg Henderson KAG, has sold a building in Paris for EUR 19.5 mln. The building located at located at 62, rue de la Chaussée d’Antin in the 9th district of the French capital was the first asset acquired by this ...
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PropertyEU Archive
Union snaps up Rheinpark mall from Unimo
Union Investment Real Estate has agreed to buy the Rhine Park shopping centre in the German city of Neuss, near Düsseldorf from Swiss developer Unimo. Although the transaction price was not disclosed, the deal is said to be a three-digit figure.
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PropertyEU Archive
Christophe Schumacher joins Union Investment
Christoph Schumacher has been appointed deputy managing director of Union Investment Institutional Property with effect from 1 March. Schumacher will be responsible for fund structuring and customer care.
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PropertyEU Archive
Kardan raises EUR 195m from GTC share sale
Amsterdam-listed investment company Kardan has raised EUR 195 mln from the sale of about 15% of the shares in Global Trade Centre, an office and shopping centre development and investment company operating in south-eastern Europe. GTC is listed in Warsaw.
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PropertyEU Archive
Real IS raises EUR 600m in 2010
German fund manager Real IS said that it raised EUR 608 mln of capital from investors last year, an increase of more than 33% on the EUR 44 mln raised in 2009.
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PropertyEU Archive
Crown Estate makes EUR 40m purchase in London
The Crown Estate, the agency that manages the UK sovereign's property holdings, has acquired the 73-year headleasehold interest in the office building at 10 Spring Gardens in London for £34 mln (EUR 40 mln). The deal reflects a yield of 6.7%.
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PropertyEU Archive
European retail volumes up 68% y-o-y: JLL
Direct investment in retail real estate in Europe during 2010 totalled more than EUR 20.6 bn, representing a 68% uplift on 2009 (EUR 12.3 bn), according to Jones Lang LaSalle. Some 50 transactions were recorded in Q4, accelerating total volumes to EUR 6.7 bn, almost 80% up on Q3 and ...
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PropertyEU Archive
Sveafastigheter acquires two office properties in Helsinki
Sveafastigheter's third fund, Sveafastigheter Fund III, has completed its first acquisition in Finland through the acquisition of two office properties in Helsinki inner city for an undisclosed amount. The assets were acquired by the Swedish company in partnership with Finnish investor HGR Property Partners from Delek Global Real Estate. ...
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PropertyEU Archive
FdR leases 23,000 m[sup]2[/sup] in Paris' Carre Suffren
French office-focused Siic Foncière des Régions (FdR) has announced the leasing of a total of 23,000 m[sup]2[/sup] of office space in the Carré Suffren office scheme to insurance group AON, the French Ministry of Education and to Institut Français.
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PropertyEU Archive
Acron enters Germany with Berlin hotel deal
Swiss fund manager Acron has acquired the four-star Steigenberger hotel at Berlin Brandenburg International Airport from Germany's ECE Projektmanagement for a price of EUR 59.5 mln. The hotel will be completed in June 2012 to coincide with the start of operations at the new airport of the German capital. It ...
