Latest reports – Page 3070
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PropertyEU Archive
HIH shops in Belgium with EUR 31m office purchase
Hamburgische Immobilien Handlung (HIH) said this week that it has placed its first Belgian fund with an investment volume of over EUR 37 mln, of which EUR 21 mln is its own equity. The HIH Global Invest 03 - Belgien closed-end vehicle has purchased the Rue Royale 138 office building ...
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PropertyEU Archive
Global hotel investment up 60% y-o-y in Q3: JLL
The global hotel investment market experienced a strong first three quarters with transaction volumes reaching $12 bn (EUR 8.6 bn). This marks a 60% increase over the same period in 2009, according to Jones Lang La Salle Hotels. Europe, Middle East and North Africa (EMEA) was the most active region ...
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PropertyEU Archive
LaSalle jv acquires Degi mall in Germany for EUR 157m
A joint venture of the Canada Pension Plan Investment Board (CPPIB) and LaSalle Investment Management has acquired a regional shopping centre in the city of Hürth, Germany for EUR 157.3 mln. The centre, known as Hürth Park, previously belonged to the open-ended property fund Degi Europe, which is managed by ...
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PropertyEU Archive
Elystan acquires office building in Munich
Elystan Capital Advisers has announced the acquisition of a 6,000 m[sup]2[/sup] office building in Munich. The building, which is 78%-occupied and located in the submarket of Riem, was acquired from a private individual. Financial details of the transaction have not been disclosed.
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PropertyEU Archive
Hammerson completes sale of 51% of O'Parinor
UK REIT Hammerson plc has completed the disposal of a 51% interest in O'Parinor, Aulnay-sous-Bois, near Paris to the National Pension Service of Korea (NPS).
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PropertyEU Archive
Goodman, Europa join forces on UK logistics
Global property group Goodman and real estate investment manager Europa Capital have established a joint venture to acquire land sites suitable for the development of distribution and logistics property across the UK.
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PropertyEU Archive
Unibail-Rodamco completes EUR 623m disposals in H1
Unibail-Rodamco, the largest listed real estate company in Europe, has confirmed that it is in negotiations on the sale of EUR 160 mln of assets on top of the EUR 623 mln of disposals contracted in the first half of 2010 and completed. The completed disposals included non-strategic retail assets ...
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PropertyEU Archive
European property stocks return 3.6% in October: GPR
European listed property stocks, as represented by the GPR 250 Europe Index, returned 3.6% in October compared to 6.7% in September. Sweden -2.1% and Spain -6.3% (= Inmobiliaria Colonial) were the only two countries with negative returns.
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PropertyEU Archive
Invista suffers another contract termination
Invista Real Estate Investment Management (REIM), which is in the process of winding up, has announced that it has lost a contract to manage £272 mln (EUR 313 mln) of residential assets.
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PropertyEU Archive
Corio invests EUR 42m in Rotterdam covered market
Amsterdam-listed retail property specialist Corio has announced it is investing EUR 42 mln in a covered market in Rotterdam. The market will accommodate about 100 stalls, each one about 20 m[sup]2[/sup] in size and selling almost entirely fresh products, together with 15 retail units and eight catering outlets. Developer Provast ...
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PropertyEU Archive
MFI in running for new mall in Göppingen
German shopping centre developer Management fur Immobilien (MFI) has confirmed it is participating in the competition to design the new shopping centre for the city of Göppingen. It has made a EUR 150 mln bid to build a 18,000 m[sup]2[/sup] scheme on the site currently housing the bus station. Portuguese ...
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PropertyEU Archive
Mint Investments to launch new Central European fund
Mint Investments, the Central European developer and investor formerly known as CEC Capital group, is teaming up with Avestus Capital Partners - formerly Quinlan Private - to launch a new closed-end property fund, Mint Central Europe Property Fund.
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PropertyEU Archive
UK office occupancy to increase despite public sector cutbacks
Occupied space in the UK office market is set to grow, despite the cuts to public administration jobs announced in the Comprehensive Spending Review, according to new research by DTZ.
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PropertyEU Archive
Conwert CEO to resign at end-December
Austrian-listed real estate company Conwert Immobilien Invest announced last week that CEO Johann Kowar is stepping down at his own initiative at the end of the year.
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PropertyEU Archive
Invesco fund sells Czech business centre for EUR 30m
Invesco Real Estate (IRE) announced on Friday that it has sold a mixed-use property in Prague for EUR 29.3 mln as part of its divestment strategy for ZEI, its first dedicated fund for the Central European market. The property has been purchased by the CPI Group.
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PropertyEU Archive
FHH buys Rhein-Main project for new German fund
Fondshaus Hamburg (FHH) has purchased the Rhein-Main automotive centre project in the German town of Weiterstadt for a new fund, FHH Immobilien 9. The acquisition price comes to more than EUR 28 mln.
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PropertyEU Archive
Topland to move into mezzanine finance
UK-based property company Topland has unveiled details of a new £200 mln (EUR 230 mln) investment programme in mezzanine financing and preferred equity to take advantage of the difficult lending conditions for investors and developers.
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PropertyEU Archive
Atenor makes takeover bid for Westland
Belgian real estate group Atenor has announced it intends to launch a public takeover bid for all the listed certificates backed by a part of the Westland Shopping Centre in Anderlecht, Brussels.
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PropertyEU Archive
Valad appoints head of UK Real Estate
Valad, the European multi-let real estate investment manager, has announced the appointment of Robert Howe as head of UK real estate. He takes responsibility for Valad’s UK property investment and development businesses, and enhancing the efficiency of its UK real estate operations.
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PropertyEU Archive
Foncière des Murs completes EUR 97m rights issue
Foncière des Murs has announced the completion of a capital increase with preferential subscription rights. The final gross proceeds amount to EUR 97.4 mln, which corresponds to the issue of 6.5 million new shares.
