Latest reports – Page 3042
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PropertyEU Archive
ECE starts development of Turkey's Marmara Park
The Turkish arm of German shopping centre specialist ECE has announced it will start construction of the Marmara Park shopping centre in Istanbul's Beylikdüzü / Esenyurt region in early 2011.
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PropertyEU Archive
Helical completes £40m of transactions in the UK
Helical Bar has completed over £40 mln (EUR 47 mln) of transactions in the UK as it seeks 'to increase cash flow within the portfolio and take advantage of value in the investment market'.
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PropertyEU Archive
Union sells Paris building to UFG for EUR 120 mln
Union Investment Real Estate said on Wednesday that it had sold an office building in Paris-Saint-Denis to UFG Real Estate Managers for around EUR 120 mln. The property was owned by Union's UniImmo: Europe open-ended fund.
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PropertyEU Archive
C&W names Xantippe as head of capital markets Belgium
Cushman & Wakefield has announced the appointment of Maxime Xantippe as a partner and head of capital markets for Belgium based in the firm's Brussels office.
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PropertyEU Archive
Multi starts development of Eemplein in Amersfoort
Dutch shopping centre developer Multi Vastgoed announced on Monday the start of construction for its Eemplein mixed-use project in Amersfoort, The Netherlands. The project entails the development of a town square with shopping, leisure and cultural facilities, including a Pathé cinema with eight screens and a music venue.
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PropertyEU Archive
Vasakronan in Sweden's largest single real estate asset deal
Vasakronan, a property company owned by the four Swedish government pension funds, has acquired the entire Blåmannen 20 city block known as 'Klara Zenit' in Stockholm, for SEK 4.35 bn (EUR 483 mln). The seller is HausInvest, a German open-ended property fund managed by Commerz Real.
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PropertyEU Archive
MirLand opens Triumph mall in Saratov
Russian residential and commercial property developer MirLand has announced the opening of its newly completed retail and leisure centre, the Triumph Mall in Saratov, a city in southern Russia with a population of more than 800,000.
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PropertyEU Archive
Aberdeen sells in Cologne to Rreef
Aberdeen Immobilien KAG has sold the Kap am Südkai office building in Cologne to the German investment manager Rreef. The asset was held by Aberdeen's Degi Global Business open-ended fund. Although the acquisition price was not disclosed, the property is believed to be valued at around EUR 50 mln.
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PropertyEU Archive
Delancey buys Blade portfolio backed by RBS loan
UK investment advisor Delancey has acquired the Blade portfolio backed by a £900 mln Royal Bank of Scotland loan from Glenn Maud's Propinvest Group. The portfolio comprises 12 assets spread across the leisure, retail, office and warehouse sectors.
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PropertyEU Archive
Vastned O/I and NSI to continue merger talks
Vastned Offices/Industrial (VNOI) has said it is to follow-up on merger discussions with fellow Amsterdam-listed international property investor Nieuwe Steen Investments in January.
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PropertyEU Archive
MRM divests Marque Avenue shopping centre for EUR 50m
French commercial property firm MRM has sold the Marques Avenue A6 shopping centre on the outskirts of Paris to an unnamed Organisme de Placement Collectif Immobilier (OPCI) fund for institutional investors. The transaction price amounts to some EUR 50 mln.
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PropertyEU Archive
Pontegadea buys 48 Sabadell branches from Moor Park
Pontegadea, the private investment firm of Inditex clothing retail founder Armancio Ortega, has acquired a portfolio of 48 Banco Sabadell branches in a sale-and-leaseback deal worth around EUR 55 mln. ISC Freshwater Investment, an investor group advised by Moor Park Capital Partners, sold the assets, located in various Spanish cities.
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PropertyEU Archive
IGD Siiq sells shares in two Italian malls for EUR 59m
Italian retail specialist IGD Siiq has sold its share in two of the three shopping centres owned by RGD, its partnership with Beni Stabili. In a statement, the company said that it has sold its 50% interest in the Beinasco and Nerviano malls to Beni Stabili for a total of ...
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News
Virginia makes $150m commitment to CIM urban fund
GLOBAL - Virginia Retirement System has approved a $150m (€113.8m) commitment to the CIM VI Urban REIT Fund. Pension fund officials stated that this commitment will be funded over the next four and a half years.
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News
Virginia makes $150m commitment to CIM urban fund
GLOBAL - Virginia Retirement System has approved a $150m (€113.8m) commitment to the CIM VI Urban REIT Fund. Pension fund officials stated that this commitment will be funded over the next four and a half years.
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News
JP Morgan acquires its own London offices for more than €1bn
UK – Investment bank JP Morgan has taken ownership of 25 Bank Street in Canary Wharf, which will become its new European headquarters in 2012, and another London office housing its treasury and securities services division for close to £850m (€1.01bn).
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News
Amplion buys Varma portfolio for Finnish institutions
FINLAND – Amplion Asset Management Oy has acquired a €100m real estate portfolio from Varma Mutual Pension Insurance Company on behalf of a number of Finnish institutional investors.
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News
ING Clarion buys DC area apartment building for €90m
GLOBAL - ING Clarion Partners has paid $118.5m (€90.1m) to acquire the 300-unit Millennium at Metropolitan Park in Arlington, Virginia.
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News
Westbrook injects pension fund capital into O Twelve
GLOBAL – Westbrook Partners has injected £35m (€41.2m) in capital from its latest global opportunity fund into UK listed real estate company O Twelve Estates.
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PropertyEU Archive
Union Investment acquires office in Helsinki
German real estate investor Union Investment Real Estate has acquired the Pilke office property, part of the Plaza Business Park scheme in Helsinki's office market Vantaa Aviapolis, from NCC Property Development. The investment volume was SEK 170 mln (almost EUR 19 mln).
