Latest reports – Page 3069
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PropertyEU Archive
Erste fund acquires Media Markt premises in Hungary
Erste Real Estate Fund has acquired a 4,400-m[sup]2[/sup] property in Szeged occupied by electronics retailer Media Markt in one of the few significant property transactions in Hungary this year. The vendor is Caelum Development. The parties agreed not to disclose the price.
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PropertyEU Archive
MFI seeks opportunities in Turkey, Germany
German shopping centre developer Management fur Immobilien (MFI) is looking for its first investment opportunity in Turkey after several years of activity in the country as a leasing service provider. In an interview with PropertyEU, CEO Matthias Böning said that the Turkish retail real estate market offers value due to ...
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PropertyEU Archive
HB Reavis makes first project acquisition in Poland
CEE developer HB Reavis has acquired the Konstruktorska office development site in the Mokotow business district of Warsaw. The vendor is the local real estate unit of Spanish conglomerate Acciona. The property has a building permit for a 45,000-m[sup]2[/sup] office scheme.
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PropertyEU Archive
L&W starts construction of Serbia's first outlet centre
Fashion House Development, part of the Belgian group Liebrecht & Wood, has started construction of Indjija Retail Park, Serbia's first retail outlet development. The company said that it will invest around EUR 30 mln in the construction of the scheme, which is located between Serbia's capital, Belgrade and its second ...
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PropertyEU Archive
Resolute AM appoints senior risk specialist
Resolute Asset Management, the advisory and asset management firm, today announced the appointment of Lothar Weber as an independent member of its Risk Committee.
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PropertyEU Archive
European property recovery broadens: RICS
Occupier demand and investment activity are recovering now across Europe although the gap between emerging and developed economies widened in the third quarter of 2010, according to the latest RICS Global Commercial Property Survey published on Tuesday.
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PropertyEU Archive
Savills Sweden strengthens its investment team
Savills has recruited Linda Graff-Lonnevig as associate director at its Stockholm office. Graff-Lonnevig, previously project manager at Leimdörfer in Stockholm, has been recruited to further strengthen Savills investment team. Prior to Leimdörfer she worked within corporate finance as partner and co-founder of Arctos Mergers & Acquisitions.
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PropertyEU Archive
ICSC: Baltic recovery well under way
Significant opportunities exist for retail investment in the Baltic States, according to speakers at the ICSC Baltic States Retail Real Estate Conference held in Riga, Latvia recently.
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PropertyEU Archive
MIPIM calls for entries for 9th Architectural Awards
Architects from all over the world have been invited to enter their latest projects into the 9th annual MIPIM Architectural Review Future Project Awards programme, which celebrates innovative thinking and approaches to design for buildings either still on the architect's table or yet to be built.
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PropertyEU Archive
New Russian-backed fund refinances London office building
Wainbridge Capital Limited (WCL) said on Tuesday that it has raised £50 mln (EUR 57 mln) of equity in the first closing of its debut real estate fund, Wainbridge Global Opportunities London (WGOL). The equity for the value-added was raised from a number of high net worth investors, the majority ...
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PropertyEU Archive
CLS acquires Apex tower in Greater London for EUR 25m
London-listed property company CLS Holdings confirmed on Tuesday that it has completed the purchase of Apex Tower in New Malden, Greater London for £21.46 mln (EUR 24.7 mln) including costs. Apex Tower consists of 15 upper floors of 9,185-m[sup]2[/sup] of offices, four retail units and a bar at ground ...
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PropertyEU Archive
ING closes Canadian portfolio sale
ING Group announced on Tuesday that it has completed the sale of its 50% interest in a Canadian light industrial property portfolio. The stake in the ING Summit Industrial Fund (Summit) was acquired by a joint venture between KingSett Capital and its affiliates and clients of Alberta Investment Management Corporation ...
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News
Ignis launches separate real estate arm, appoints Hutcheson as MD
UK – Ignis Asset Management has launched a standalone real estate business following inflows of more than £800m (€923m) into its existing property funds in 2010.
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News
Swiss investor tenders $1.8bn mandates for Latin America, Asia Pacific and Canada
IPE – A Swiss institutional investor is looking to award three direct real estate mandates worth more than $1.8bn (€1.3bn), using IPE Quest.
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News
Irish commercial real estate continues to slide, IPD says
IRELAND – The commercial real estate market in Ireland continued to see declines in capital values in the third quarter, meaning the market has been falling for more than three years, according to Investment Property Databank (IPD).
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News
CPPIB, LaSalle join forces on German shopping centre
GLOBAL – DEGI Europa, the open-ended real estate fund in the process of liquidating its assets, has sold a shopping centre in Germany for €157.3m to the Canada Pension Plan Investment Board (CPPIB) and LaSalle Investment Management.
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News
Goodman, Europa Capital to develop UK logistics
UK – Goodman and Europa Capital have entered into a joint venture to acquire land sites in the UK for the development of distribution and logistics properties.
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News
Penn State Employees to change benchmark for real estate investment
GLOBAL – The Pennsylvania State Employees Retirement System has decided to change its benchmark for private real estate investment.
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MagazineNew sources on course
RMBS will benefit major banks looking for new funding, while insurance companies eye up lending opportunities. Lynn Strongin Dodds reports



