Latest reports – Page 3064
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PropertyEU Archive
Sonae Sierra sells LeiriaShopping to Sierra Portugal Fund
Portuguese shopping centre specialist Sonae Sierra has sold its LeiriaShopping complex in Portugal to its Sierra Portugal Fund for EUR 92 mln. Following the transaction, Sonae Sierra's interest in SPF has increased to approximately 47.5%.
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News
Solvency II will lead 75% of European insurers to revise property strategies
EUROPE – Close to three-quarters of European insurance companies will revise their real estate commitments as a result of incoming Solvency II regulations, according to data providers Preqin.
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News
Investors flock to DIC Asset's German office fund
GERMANY – DIC Asset has secured more than three-quarters of the €117m capital raising target for its inaugural special investment fund.
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News
Germany's BVK sells Paris office after 10 years of ownership
EUROPE – German pension fund Bayerische Versorgungskammer (BVK) has sold a Paris office building that it has owned for 10 years.
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News
Texas Employees commits $60m to value-added fund
GLOBAL – The Employees Retirement System of Texas has made a $60m (€43m) commitment to the Madison International Real Estate Liquidity Fund IV.
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News
Iowa PERS to conduct search for REIT manager
GLOBAL – The Iowa Public Employees Retirement System is set to conduct a search for a real estate investment trust (REIT) manager focusing on the US market.
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News
Institutional investors ideal for plugging real estate funding gap
GLOBAL – Debt may be the newer, safer equity, according to Mercer.
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PropertyEU Archive
FdR's revenues up 1.2% so far this year
French office-focused real estate group Fonciere des Regions (FdR) has seen its rental revenues rise by 1.2% on a like-for-like basis to over EUR 391 mln in the first three quarters of the year. Letting activity in the past quarter was 'sustained', with a number of new leases being signed, ...
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PropertyEU Archive
Real IS buys Rotterdam tower
German fund manager Real IS has bought the Toren op Zuid tower in Rotterdam. The financial details were not disclosed. The vendor was Commerz Real Investment.
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PropertyEU Archive
Private equity players gain ground as retail investors
Private equity players have moved up the ranking of top retail investors in 2010 compiled by PropertyEU. While listed real estate companies and institutional investors have dominated the top retail deals in Europe since the outbreak of the financial crisis, this year investors representing wealthy families such as the Olayan ...
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PropertyEU Archive
Fimit-First Atlantic merger deal to close by year-end
Merger talks between Italy's second largest real estate fund manager Fondi Immobiliari Italiani (Fimit) and peer First Atlantic Real Estate are progressing well, with the final agreement expected to be signed in the near future, First Atlantic Real Estate's CEO Daniel Buaron told PropertyEU this week.
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PropertyEU Archive
Signa buys German stock exchange HQ for EUR 230m
Düsseldorf-based Signa Property Funds has acquired the new headquarters of the German stock exchange in Eschborn near Frankfurt for approximately EUR 230 mln.
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PropertyEU Archive
Corio's Bursa Anatolium opens with 90% occupancy rate
The Bursa Anatolium Shopping Center in Turkey, which is fully-owned by Dutch listed retail specialist Corio, opened this month with a 90% occupancy rate, according to a press release issued by the developer Maya. Corio acquired the 84,000 m[sup]2[/sup] mall in July for EUR 176 mln.
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PropertyEU Archive
Sonae Sierra boosts earnings in Q3
Portuguese shopping centre specialist Sonae Sierra saw net profit surge 116% to EUR 14.9 mln in Q3 2010 compared to the same period last year. The increase was mainly driven by a 42% rise in direct results following additions to the portfolio. These included LOOP5 in Germany and Manauara Shopping
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PropertyEU Archive
Federal states call for change of CEO at HSH Nordbank
The HSH Nordbank saga took another turn this week when the state governments for Hamburg and Schleswig-Holstein asked Hilmar Kopper, chairman of the supervisory board at the troubled Landesbank, to dismiss CEO Dirk Jens Nonnenmacher and to appoint a new chairman of the management board.
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PropertyEU Archive
FPF plans EUR 100m bond issue to finance SNI deal
French SIIC Foncière Paris France (FPF) said that it is planning to issue EUR 100 mln in bonds in a bid to finance the acquisition of the commercial property arm of Société Nationale Immobilière (SNI), a unit of Caisse des dépôts et consignations.
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PropertyEU Archive
Salans acted for RREEF in Polish acquisition
International law firm Salans has provided legal advice to German fund manager RREEF in relation to the recent acquisition of two office buildings in Warsaw. RREEF bought the Class A office buildings, Topaz and Nefryt, in the Mokotów district of Warsaw for EUR 80 mln.
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PropertyEU Archive
Hammerson submits application for major City scheme
UK REIT Hammerson has submitted a detailed application to the City of London for its office-led scheme London Wall Place, formerly known as the St Alphage site. The company expects to receive a response by Summer 2011. Under the plan, the existing podium and 1950s tower will be replaced by ...
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PropertyEU Archive
Office vacancy declines across CEE markets, CBRE finds
Office occupier take-up in Central and Eastern Europe (CEE) increased by 21% in the first three quarters of 2010 compared to the same period of last year, bringing the region’s year-to-date office take-up close to 2 million m2, according to the latest data from CB Richard Ellis (CBRE).
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PropertyEU Archive
Peach Property seeks to raise EUR 40m from IPO
Swiss luxury property developer Peach Property Group aims to raise approximately CHF53.3 mln (EUR 40 mln) from its flotation on Thursday on the Main Standard of the Swiss stock exchange in Zurich. The proceeds will be used for new development projects in the German speaking countries of Switzerland, Germany and ...
