Latest reports – Page 3041
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PropertyEU Archive
Union Investment adds to its Finnish holdings
German property fund manager Union Investment has acquired the Alberga A property, part of Business Park Alberga in Espoo, near Helsinki for EUR 37 mln. The project has been added to the Immo-Invest: Europa open-ended real estate fund. The vendor is NCC Property Development.
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PropertyEU Archive
Fimit to invest EUR 128m in two Italian deals
Italian fund management group Fondi Immobiliari Italiani (Fimit) has acquired three multi-screen cinemas in Northern Italy for EUR 58 mln. The assets are located in the cities of Limena (Padova), Silea (Treviso) and Parma.
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PropertyEU Archive
Consortium pulls off largest Dutch single-asset sale of 2010
A consortium of developers and pension funds has sold the Wilhelminahof offices and courts complex in Rotterdam in the largest Dutch single-asset deal of 2010.
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PropertyEU Archive
HSBC fund acquires Bristol mall for EUR 58m
HSBC European Active Real Estate Trust has exchanged contracts with the Mall Fund to acquire the Galleries Shopping Centre Bristol in the UK for £50.2 mln (EUR 58.5 mln).
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PropertyEU Archive
WP Carey buys televison HQ in Spain for EUR 80m
Corporate sale-and-leaseback specialist WP Carey has acquired the headquarters of Madrid-based Distribuidora de Television Digital S.A.U. (DTS) for EUR 80 mln. DTS is the largest provider of digital pay television in Spain.
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PropertyEU Archive
Corio sells non-strategic properties for EUR 142m
Amsterdam-listed shopping centre specialist Corio has sold three properties in France and five non-strategic retail properties in the Netherlands for EUR 142 mln.
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PropertyEU Archive
Kungsleden sells German retirement homes for EUR 144m
Listed Swedish property company Kungsleden is divesting 17 properties in Germany for a total of SEK 1.3 bn (EUR 144 mln). The transaction reflects a property yield of just over 7%. The buyer is Hemsö Fastighets, in which Kungsleden is a joint venture partner.
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PropertyEU Archive
ING REIM's CE properties obtain BREEAM cert
Four significant central European commercial properties owned by the funds managed by ING Real Estate Investment Management Central and Eastern Europe (ING REIM CEE) have gained the international BREEAM certificates for sustainable buildings.
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PropertyEU Archive
S+B Group in exclusive talks to sell Zebra tower in Warsaw
Austrian developer S+B Group is in exclusive negotiations with a German investor to sell its landmark mixed-use development project in central Warsaw, Poland, well-informed market sources told PropertyEU. Located at Rondo Jazdy Polskiej, the 17-floor tower offers around 17,800 m[sup]2[/sup] of office and retail space as well as 124 parking ...
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News
Season's Greetings
IP Real Estate's news service is taking its annual Christmas break and will return on Thursday 6 January. We wish a merry Christmas and happy new year to all our readers!
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News
Investors should branch into developing economies - LaSalle
GLOBAL – Institutional investors looking to guarantee strong returns in 2011 cannot rely on portfolios consisting purely of cities in developed markets, LaSalle Investment Management has warned.
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News
UK PPF appoints LaSalle, CB Richard Ellis to global real estate mandates
UK – The UK Pension Protection Fund (PPF) has appointed La Salle Investment Management and CBRE Investors to develop its global real estate strategy.
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News
Swiss investor seeks exposure to Chinese market
IPE QUEST – A Swiss institutional investor is seeking to award a $500m (€367m) real estate mandate to managers specialising in the Chinese market, using IPE Quest.
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PropertyEU Archive
HGI acquires Winchester's development from administrators
Henderson Global Investors has made a corporate acquisition of two Thornfield entities which own the Silver Hill mixed-use development project in Winchester, UK. Financial details were not disclosed.
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PropertyEU Archive
Wågström appointed next president and CEO at NCC
The board of directors of NCC has appointed Peter Wågström as the next president and CEO . Peter Wågström will assume his new position in connection with the annual general meeting on 13 April 2011.
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PropertyEU Archive
Ciloger buys 10 shopping centres in Germany for EUR 218m
French investment manager Ciloger has spent around EUR 218 mln in the purchase of a portfolio consisting of 10 shopping centres in Western Germany. The purchase comprises EUR 138 mln in cash and EUR 80 mln of debt.
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PropertyEU Archive
AEW Europe shops in Poland for EUR 92m
European Property Investors Special Opportunities (Episo), a fund co-advised by AEW Europe and Tristan Capital Partners, has completed the purchase of the Jantar shopping centre in a transaction valued at EUR 92 mln.
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PropertyEU Archive
Heitman fund buys 75% of Poland's Galeria Malta from Neinver
Chicago-based private equity firm Heitman has acquired a 75% stake in the Galeria Malta shopping centre and formed a joint venture with Spanish developer Neinver for the management of the 54,000-m[sup]2[/sup] retail scheme in Poznan, Poland's second largest city. Financial details were not disclosed.
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PropertyEU Archive
Allianz buys Brussels' South City for EUR 70m
Germany's Allianz Real Estate has acquired the second office building in the South City office complex from a partnership of Belgian developers Atenor, Espace Midi and BPI. The Broodthaers building consisting of 17,700 m[sup]2[/sup] of office space and three retail units was acquired for EUR 70 mln.
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PropertyEU Archive
CPI in largest Czech property deal of 2010
Czech investor CPI has acquired two office buildings in the City West office park project in Prague from local developer Finep for around EUR 70 mln. CB Richard Ellis, which advised the seller on the acquisition, said the deal is the largest Czech real estate investment transaction of 2010.
