Latest reports – Page 3080
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PropertyEU Archive
Outflows prompt UBS to freeze German open-ended fund
Swiss bank UBS said on Monday that it is halting redemptions from its UBS (D) 3 Sector Real Estate Europe property fund on the back of growing redemption demands from its investors. The vehicle, which had re-opened in October 2009 after over a one-year redemption freeze, will be suspended for ...
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PropertyEU Archive
Mountgrange opp fund invests in renewable energy facility
Mountgrange Real Estate Opportunity Fund (MoREOF) has invested £16.7 mln (EUR 19 mln) to facilitate the next phase of the development of a large-scale waste-to-biomass power generation plant in the UK.
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PropertyEU Archive
Endeavour mandated to manage EUR 86m asset in Milan
Endeavour Asset Management has signed a new EUR 86.5 mln mandate with Italian real estate fund manager Valore Reale Srg for the asset management of a multi-let office property in San Giuliano Milanese, near Milan. The asset represents the first property transferred to a new private core plus fund managed ...
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PropertyEU Archive
Alpha hands over distribution centre to TK Maxx
Alpha Industrial has announced the handover of its first distribution centre in Germany for the retail company TK Maxx. Alpha Industrial realized all groundwork and assembly work as well as the interior construction and the design of the outdoor facilities of the new building at Bergheim.
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PropertyEU Archive
Hammerson gets go-ahead for Silverburn expansion
UK REIT Hammerson announced on Monday that Glasgow City Council has granted approval for the extension of the 93,000-m[sup]2[/sup] Silverburn shopping centre in the city.
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PropertyEU Archive
KGAL to launch first French real estate fund
German fund manager KGAL has unveiled plans to launch its first investment fund focusing on French real estate in the first quarter of 2011. The fund, which will be dedicated to private investors, will have an initial investment volume of around EUR 100 mln.
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PropertyEU Archive
Close Brothers sells property fund management business
London-based Close Brothers Group has announced it is selling its property fund management (PFM) business to specialist European property fund manager Alpha Real Capital (ARC).
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PropertyEU Archive
Sonae Sierra signs letting deals in Spain and Italy
Sonae Sierra, the international shopping centre specialist, has announced the signing of two important letting agreements for third party assets in Spain and Italy.
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PropertyEU Archive
Cordea Savills appoints Richard James as CFO
Richard James has been appointed to the board of Cordea Savills, the international property fund manager, as chief financial officer.
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PropertyEU Archive
Vastned Retail buys 19 Dutch shops for EUR 29m
Pan-European retail property fund VastNed Retail has acquired 19 stores in shopping centres in the Netherlands for a total of EUR 29.1 mln. The assets are located in the Overvecht shopping centre in Utrecht and Zuidplein shopping centre in Rotterdam and were acquired from Unibail-Rodamco and ING REIM.
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PropertyEU Archive
Prime yields edge downwards in EMEA: CBRE
Yields from prime commercial real estate in Europe, Middle East and Africa (EMEA) continued to edge downwards in the third quarter of 2010, according to CB Richard Ellis' latest EMEA Rents and Yields Indices.
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PropertyEU Archive
PEPR negotiates dividend concession with banks
Euronext-listed Prologis European Properties (PEPR) has received approval from the bank syndicate on its EUR 258 mln senior unsecured corporate term loan to partially remove restrictions on dividend payments. As a result, the decision over when to resume paying ordinary dividends is now solely in the hands of the business.
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PropertyEU Archive
Norway's Industrifinans turns to German residential
Norwegian investor Industrifinans is switching its focus to residential property again after concentrating on German commercial real estate for the past three years. ‘We are working on the launch of a new Berlin residential fund, Selection II, which will hopefully have a spending power of up to EUR 200 mln,’ ...
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PropertyEU Archive
Foncière des Régions meets SIIQ criteria
Foncière des Régions announced on Friday that it has sold 23 million Beni Stabili shares or a stake of 1.2%, bringing its shareholding in its Italian subsidiary to 50.9%. The transaction was carried out by Kempen & Co at EUR 0.6775 per share.
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PropertyEU Archive
Panattoni starts speculative project in Poznan
Warsaw-based industrial real estate group Panattoni Europe has commenced construction of the sixth warehouse facility at its park in Poznan. The Navo building at the Panattoni Park Poznan I distribution centre will offer nearly 11,000 m[sup]2[/sup] of space and is being developed on a speculative basis, the company said.
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PropertyEU Archive
Invesco's first hotel fund almost fully invested
Invesco Real Estate has acquired a Mercure hotel in Vienna for its first dedicated pan-European hotel fund. The vendor was a German fund.
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PropertyEU Archive
Pointpark expands in Slovakia
Logistics park developer and operator Pointpark Properties (P3) is expanding its Slovak portfolio with the development of a new park, Pointpark Zilina. Located near Strecno, the new distribution centre is the third for P3 in Slovakia and represents a joint venture with local project development company Optima Consulting.
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PropertyEU Archive
Green buildings grab market share in Germany
Green buildings are becoming increasingly important in the five major German office markets Berlin, Düsseldorf, Frankfurt, Hamburg and Munich, according to international real estate advisor Savills. Throughout the first half of 2010 leases totalling approximately 144,000 m[sup]2[/sup] were concluded on green buildings in the five cities, equating to a ...
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PropertyEU Archive
Citadel acquires Colt Telecom's French HQ
London-listed CLS has announced that its subsidiary, Citadel Holdings, has acquired Colt Telecom’s data centre and French HQ in the southern suburb of Malakoff, Paris. The investment volume comes to EUR 14.33 mln.
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PropertyEU Archive
L'Etoile Properties expands into Germany
Paris-based L'Etoile Properties is moving into Germany with the appointment of a dedicated managing partner, the company's founder Didier Unglik said in an interview with PropertyEU at EXPO REAL.
