Latest reports – Page 3067
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PropertyEU Archive
Icade gets mandate to manage Cristal tower
The property management unit of French property group Icade said that it has received a mandate to manage the Cristal tower on the Seine riverfront in the 15th arrondissement of Paris.
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PropertyEU Archive
Evans Randall completes Drapers Gardens acquisition
Evans Randall has completed its acquisition of the recently developed Drapers Gardens building in the City of London for £242.5 million (EUR 276.6 mln.), from a joint venture including Canary Wharf Group and a subsidiary of the Morgan Stanley Real Estate Funds (MSREF). The deal was first announced in August.
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PropertyEU Archive
'Developer is a dying profession’
Retail developers need to review their strategies following the wave of shopping centre development in the recent past, according to Jaap Gillis, COO of Europe’s leading private real estate company Redevco. ‘The independent developer, in my opinion, is a dying profession. The successful ones who redevelop in the future ...
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PropertyEU Archive
F&F opens first stand-alone outlet in Prague
The first F&F fashion brand stand-alone store opened in central Prague at the end of September. The 500-m[sup]2[/sup] store in Palladium shopping centre is a world first for the brand.
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PropertyEU Archive
Carlton closes EUR 30m financing for Bucharest towers
Carlton Advisory Services has provided EUR 30 mln refinancing of a construction loan for twin office towers, in Bucharest, Romania. The office towers are scheduled to be completed in 2011. The 46,500-m[sup]2[/sup] complex will consist of two, 18-story buildings, a three-story mall, two conference halls and a 1,000-space garage.
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PropertyEU Archive
CWI acquires office asset for West Sussex pension fund
Cushman & Wakefield Investors (CWI) has acquired Centrum House in Egham, on behalf of West Sussex Pension Fund. The 1,518-m[sup]2[/sup] property was sold by CBRE Investors for £5.935 mln (EUR 6.8 mln). Griffiths Eccles advised CBRE Investors.
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PropertyEU Archive
L&S acquires UK distribution portfolio for EUR 93.5m
UK REIT London & Stamford Property (LSP) has acquired a portfolio of five distribution assets for £82 mln (EUR 93.5 mln) from Harbert Management Corporation (Europe).
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PropertyEU Archive
Bormann to leave Orco Germany after restructuring
Orco Germany has said managing director Rainer Bormann has decided not to extend his contract beyond end-October 2011 on the completion of the listed company’s restructuring programme.
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PropertyEU Archive
Klémurs completes sale of retail premises for EUR 25m
French real estate investment trust Klémurs has announced that it has completed the disposal of a retail premises in Paris for EUR 25 mln. The 8,000-m[sup]2[/sup] asset is located on rue de Flandre in the 19th arrondissement of the French capital. The sale was initially announced at end-July this year.
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PropertyEU Archive
Kungsleden hires new business development professionals
Listed Swedish property company Kungsleden has hired Frida Stannow Lind and Andreas Norberg. Norberg has been employed as a project manager in transactions, and will work on property transactions and analysis. He is currently director of CBRE's Capital Markets division, where he has been advising on transactions for the past ...
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PropertyEU Archive
Trigranit opens new centre in Zagreb
Budapest-based developer Trigranit has opened Arena Centar in Zagreb, its first shopping centre in Croatia. The new mall is located at the south-western entrance to the Croatian metropolis beside the multifunctional Arena Zagreb venue.
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PropertyEU Archive
Degi funds remain frozen with more sales on the cards
Degi International and Degi Global Business open-ended property funds will remain closed to redemptions, due to 'insufficient liquidity', a spokesperson for parent company Aberdeen Asset Management said. The freeze on the Degi International fund will remain in place until 16 November 2011. Aberdeen’s Degi Global Business fund will be closed ...
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News
Orange County Employees mulling investment in Buchanan, Cornerstone funds
GLOBAL – The Orange County Employees Retirement System (OCERS) in the process of evaluating three new funds – managed by Angelo, Gordon & Co, Buchanan Street and Cornerstone Real Estate Advisors – as part of its value-added investment strategy.
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News
OPERS considering €143m investment in Credit Suisse secondary market fund
GLOBAL – The Ohio Public Employees Retirement System (OPERS) is conducting due diligence on a $200m (€143m) commitment to Credit Suisse's Strategic Partners V Real Estate fund.
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News
Pradera begins raising capital for UK retail park 'club fund'
UK – Pradera UK has secured £75m (€85.6m) from a European pension fund to invest in UK retail parks and is hoping to raise a further £175m from several other investors currently undertaking due diligence.
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News
ING REIM forecasts broad European rental recovery in 2011
EUROPE – Prime real estate rents in Europe are to see a broad-based recovery from 2011, despite doubts over the economic outlook, according to ING Real Estate Investment Management.
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News
UK commercial rally running out of steam, says IPD
UK – Investment Property Databank (IPD) has warned that the rally in the UK commercial real estate market is all but over, with the third quarter seeing the shallowest period of capital growth in 2010.
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News
Norway's Pension Fund Global Fund makes first foray into real estate
EUROPE – Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London.
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PropertyEU Archive
Sponda swings back to profit, signs EUR 650m of credit agreements
Finnish listed property company Sponda swung to an operating profit of EUR 133 mln in the first nine months of 2010, from a loss of EUR 37 mln in the same period a year before. Total revenue came in at EUR 174 mln, compared to EUR 179 mln in the ...
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PropertyEU Archive
Metro mulls sale of Saturn stores in France
German retail group Metro said that it has started negotiations with HTM Group, the owner of Auchan, for the sale of some or all of its Saturn stores in France. The move is part of a strategic review of the group's consumer electronics business in France which include the potential ...
