Latest reports – Page 3036
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PropertyEU Archive
WDP to start developing portfolio in Romania
Closed-end real estate investment company Warehouses De Pauw will start developing its portfolio in Romania early this year. The move follows a EUR 75 mln finance agreement concluded between WDP and the EIB (European Investment Bank) to finance the Romanian development.
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PropertyEU Archive
Icade sells 15,000-m[sup]2[/sup] project to City of Paris' agency
French developer and investor Icade has announced the sale of a 15,000-m[sup]2[/sup] office project as part of the vast McDonald urban redevelopment programme near Paris.
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PropertyEU Archive
Westimmo finances Dutch office deal
Westdeutsche ImmobilienBank (WestImmo), acting as arranger, is financing Hanzevast Capital's purchase of an office building in the city centre of Zwolle for a consideration of EUR18 mln. The property was acquired via Hanzevst's closed property fund.
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PropertyEU Archive
Ciloger eyes more deals in Germany
French fund management group Ciloger is closing in on another retail property acquisition in Germany following the purchase at end-December of a portfolio of 10 shopping centres for EUR 218 mln. In an interview with PropertyEU, CEO Laurent Flechet said the operation is expected to be completed by February 2011.
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PropertyEU Archive
Helaba and Berlin Hyp finalise EUR 168m facility for Oxford Properties in London
German financiers Helaba Landesbank Hessen-Thüringen and Berlin Hyp, together with Oxford Properties Group, have successfully co-arranged a medium-term debt financing facility for Watermark Place in the City of London, amounting to an initial GBP 140 mln (EUR 168.4 mln).
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PropertyEU Archive
UEPC joins EPF to create leading Europan lobby group
The European Union of Developers and Housebuilders (UEPC) has joined the European Property Federation (EPF), thus cementing an alliance covering the entire building development, investment, rental and management chain, residential and commercial, listed and non-listed.
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PropertyEU Archive
Simon abandons CSC bid
Simon Property Group has withdrawn its bid to buy Capital Shopping Centres (CSC) Group for 425p per share, or £2.9 bn (EUR 3.4 bn), the company announced on Tuesday.
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PropertyEU Archive
Danish pension funds buy three Magasin store properties
Danish institutional investors ATP Ejendomme and PensionDanmark have jointly acquired three Magasin department store properties in Denmark for an undisclosed sum. The buildings, covering a total space of 75,000 m2, are located in the cities of Lyngby, Aarhus and Odense.
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PropertyEU Archive
AEW expands in UK with Arburthnot REIM acquisition
AEW Europe has announced the creation of AEW UK, a fund management partnership focused on the UK real estate market, following the transfer of the business interests of Arbuthnot Real Estate Investment Management (ArbreIM) from Arbuthnot Banking Group. AEW UK is a joint venture owned equally by AEW Europe and ...
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PropertyEU Archive
WP Carey completes second Agrokor deal
WP Carey, the global sale-and-leaseback specialist, has announced the acquisition of a portfolio of retail facilities in Croatia for a total consideration of EUR 49 mln. The deal was carried out through its non-traded REIT affiliate, CPA:17 - Global.
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PropertyEU Archive
Eurocommercial in exclusivity to buy Sant Cugat mall
Dutch retail investor Eurocommercial Properties has entered into exclusive negotiations with French REIT Altarea to buy a 42,000-m[sup]2[/sup] shopping centre in Sant Cugat del Valles, near Barcelona, well-informed market sources told PropertyEU.
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PropertyEU Archive
Accor confirms talks to sell 49% of Lucien Barriere
French hotel group Accor has confirmed that it is in negotiations to sell its 49% interest in France's largest casino operator Lucien Barrière to the Fimalac financial holding.
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PropertyEU Archive
Westimmo provides financing for Rockspring deal in Poland
Westdeutsche ImmobilienBank (WestImmo) has announced that it provided Rockspring TransEuropean Property Limited Partnership IV with investment financing for Ferio Shopping Centre in Poland. Rockspring acquired the mall from Raiffeisen Evolution in mid-December for EUR 47 mln. The financing transaction was arranged, underwritten and completed on 14 December 2010.
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PropertyEU Archive
German residential portfolio sales 'unexpectedly weak' in 2H 2010: C&W
The sale of German residential portfolios fell sharply in the second half of 2010, resulting in just EUR 2.17 bn of residential deals over the year, down from EUR 2.61bn in 2009, according to Cushman & Wakefield.
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PropertyEU Archive
Trigranit and Heitman form joint venture for Arena Centar
Trigranit Development Corporation has formed a joint venture with Heitman European Property Partners IV (HEPP IV) for the Arena Centar Shopping Center in Zagreb, Croatia. Both Trigranit and HEPP IV will hold a 50% stake in this newly developed, landmark (180,000 m[sup]2[/sup] ) mall. The transaction includes two land plots ...
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News
CBRE Investors' opportunity fund takes over Atlantic Station
GLOBAL – CB Richard Ellis Investors has acquired Atlantic Station in Atlanta, Georgia, from insurer AIG for its fifth US opportunity fund.
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News
Monday people roundup
GLOBAL – Europa Capital, Union Investment, Rockspring Property Investment Managers, UNITE, TPG Capital
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News
Cornerstone targets infrastructure for first European offering
EUROPE – Cornerstone Real Estate Advisers Europe has launched its first European fund – a social infrastructure vehicle – since the US-based investment manager acquired Protego Real Estate Investors in 2009.
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News
ATP signs off €700m for indirect real estate investments
DENMARK – Denmark's largest pension fund, ATP, has allocated a further €700m to invest in real estate funds, joint ventures and club deals through its subsidiary ATP Real Estate.
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News
Connecticut scheme seeks separate account manager
GLOBAL – The Connecticut Retirement Plans and Trust Funds issued a Request for Proposal (RFP) for a separate account real estate manager at its December 2010 board meeting.
