Latest reports – Page 3066
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PropertyEU Archive
UBM buys Hotel Symphony in Amsterdam Zuidas
Vienna-listed property company UBM Realitätenentwicklung has acquired the Hotel Symphony in Amsterdam from Philips' pension fund for an undisclosed price. Symphony Hotel will be operated by Intercontinental Hotel Group as a business hotel under the Crowne Plaza brand.
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PropertyEU Archive
RREEF invests in Forum Mittelrhein in Koblenz
RREEF Investment has reached agreement with developers ECE Projektmanagement and Strabag Real Estate on a 94.9% stake in the company established to realise the Forum Mittelrhein shopping centre in Koblenz. Total investment in the project is put at around EUR 145 mln. The stake will be added to RREEF’s ...
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PropertyEU Archive
Great Portland spends EUR 52m in London jv reshuffle
London-listed Great Portland Estates has announced it is acquiring four properties in the UK capital for a total of £45 mln (EUR 52 mln) from its joint venture with Capital & Counties Properties.
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PropertyEU Archive
Helaba lifts pre-tax earnings to EUR 284m for first 9 months
German financier Helaba said on Tuesday that it overcome the adverse valuation effects experienced in the second quarter and increased group net profit for the first nine months of the business year to almost the previous year's level.
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PropertyEU Archive
Gecina targets EUR 9b portfolio by 2014
French property company Gecina is pushing ahead with plans to nearly double its office property portfolio from EUR 5.5 bn at present to roughly EUR 9 bn in the next three years.
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News
VastNed Retail builds up Turkish portfolio to €90m
TURKEY – Pan-European retail property fund VastNed Retail has acquired its seventh prime high street shop in the heart of Istanbul, taking its total investment in Turkey to €90m.
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News
Capital Symonds launches real estate advisory, management arm
UK – Capita Symonds, a subsidiary of outsourcing giant Capita, is merging its former construction project management business with the recently acquired NB Real Estate to create a global "end-to-end" property advisory and asset management offering.
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News
Monday people roundup
GLOBAL – Europa Capital, Hearthstone Investments, CB Richard Ellis Investors, Savills, Residential Land
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News
Deutsche Bank's RREEF buys industrial portfolio in US Pacific Northwest
GLOBAL – RREEF, the real estate investment management business of Deutsche Bank's Asset Management division, has acquired the 940,654 square foot Kent Valley Industrial Portfolio in Kent and Tukwila, Washington.
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News
Ontario pension funds take over UK's high-speed rail network
UK – The UK government has sold the high-speed rail network connecting London to the Channel Tunnel to two Canadian pension funds for £2.1bn (€2.43bn).
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News
Texas Teachers-backed property fund makes first investment
GLOBAL – An office building investment fund backed by the Teacher Retirement System of Texas has completed its first investment.
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PropertyEU Archive
AEW Europe buys Paris logistics development
Paris-based investment manager AEW Europe has acquired a development project in the Bonneuil logistics park near Paris from developer Sodearif, part of the Bouygues Group. The acquisition is earmarked for AEW Europe's Logistis I fund.
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PropertyEU Archive
FdR gets EUR 270m refinancing for CB 21 tower
French listed property group Fonciere des Regions (FdR) has received a EUR 270 mln refinancing loan for its CB 21 tower in the Paris business district of La Defense. The loan was granted by a syndicate of German banks including Bayerische Landesbank (BayernLB), Berlin-Hannoversche Hypothekenbank (Berlin Hyp) and Deutsche Genossenschafts-Hypothekenbank ...
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PropertyEU Archive
Vastned acquires store in Istanbul for EUR 30m
Vastned Retail has acquired its seventh prime high street premises in the heart of Istanbul for EUR 29.5 mln, including purchase costs, from Yapi Kredi Bank (YKB). The pan-European retail property fund now has a EUR 90 mln-plus portfolio in Turkey.
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PropertyEU Archive
Metroinvest swoops in the City
Spanish investment firm Metroinvest has acquired an office building in the City of London from an unnamed seller for around EUR 48 mln. The 55 Moorgate property provides around 6,200 m[sup]2[/sup] of space across eight floors and is leased to BNP Paribas with a nine-year rental agreement.
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PropertyEU Archive
Trigranit eyes expansion in Poland
Budapest-based developer Trigranit Development Corporation is targeting Poland for further expansion, CEO Arpad Torok told PropertyEU in an interview. 'We see both green and brownfield opportunities in a number of Polish cities and also see scope for more public-private partnerships with PKP,’ he said.
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PropertyEU Archive
MPS plans EUR 1.5 bn mortgage-backed sale
Italy's Banca Monte Paschi di Siena is planning to sell EUR 1.5 bn of securities in the country's first residential mortgage-backed securities operation since the start of the credit crisis. Market regulator Consob last week authorised Italy's oldest bank to go ahead with its offer of asset-backed securities, planned for ...
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PropertyEU Archive
Redevco secures retailers for Drogenbos redevelopment
Redevco Retail Belgium has secured all key anchors for a 29,000-m[sup]2[/sup] complex currently being redeveloped in Drogenbos, one of the most important peripheral retail parks in Belgium.
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PropertyEU Archive
Terreis buys EUR 92m worth of Paris assets
French SIIC Terreis said that it has acquired EUR 92 mln worth of French properties as it seeks to take advantage of investment opportunities in the market. The company has acquired three office buildings and seven retail units in Paris and its surroundings in the past quarter, bringing the total ...
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PropertyEU Archive
Demand and rent recovers in industrial sector: CBRE
Industrial markets across the globe are now in recovery mode, albeit at very different stages, with Asia leading the rental recovery according to a new MarketView report from CB Richard Ellis (CBRE). All regions witnessed increases in investment spend in the first half of 2010, with appetite strongest across ...
