Latest reports – Page 3085
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PropertyEU Archive
AEW, Tristan fund in German EUR250-300m residential JV
EPISO, an opportunistic investment fund co-advised by AEW Europe and Tristan Capital Partners, has formed a joint venture with caleus capital investors (CCI) and plans to invest EUR 250-300m over the next 12-18 months. Investment will focus on value-added residential properties, primarily in Berlin through its joint venture vehicle, EPISO ...
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PropertyEU Archive
International players pile into German spezialfonds market
The German fund industry is likely to become more fragmented as an increasing number of international players seek to provide spezialfonds structures for institutional investors, according to seasoned real estate professional Barbel Schomberg. The move comes as institutional investors are cooling on German open-ended funds(GOEFs).
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PropertyEU Archive
Atenor makes EUR31mln Westland shopping centre bid
Brussels-listed property group Atenor said on Monday it plans to makes a EUR 31mln public bid on all,429 Westland Shopping Center 1980 real estate certificates issued by Le Certificat Foncier. The Offer represents a premium of 11.48% on the last stock price, of 30 September, and of 15.26 % on ...
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PropertyEU Archive
Youniq to invest EUR 19m in Frankfurt student housing
German student accommodation specialist Youniq said on Monday it has acquired a 5,330 m[sup]2[/sup] metre plot of land in Frankfurt’s Riedberg district where it plans invest EUR 19 mln to develop 230 student apartments.
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PropertyEU Archive
Alstria wins Atos Origin Hamburg office lease
German REIT Alstria Office said on Monday it had agreed a long-term lease with IT firm Atos Origin for around 4,000 m[sup]2[/sup] of office space in the Mundsburg Tower in Hamburg. The lease will start in January 2013, following the full refurbishment of the asset, Alstria said. Atos Origin will ...
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PropertyEU Archive
Behringer Harvard in $200m German fundraising
Dallas-based fund manager Behringer Harvard is seeking to raise over $200 mln (EUR 145 mln) of equity from German institutional investors for a new fund targeting multi-family residential properties in the US. ‘
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PropertyEU Archive
Echo Investment buys EUR 17.7m plot in Warsaw
Polish property investor Echo Investment said on Monday that it had acquired a 34,000-m[sup]2[/sup] plot of land in central Warsaw from Polish investors BRJ Invest and BP Inwestycje for EUR17.7m. The land is currently undeveloped and Echo plans to build 50,000 m[sup]2[/sup] of lettable office and residential space. Work will ...
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PropertyEU Archive
Eurohypo disposes of EUR 200 mln portfolio in Finland
Eurohypo has disposed of a EUR 200 mln portfolio of Finnish real estate loans, the German lender announced on the first day of EXPO REAL The portfolio was acquired by Nordic bank Nordea in Helsinki.
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PropertyEU Archive
Pirelli moves Hamburg HQ to Blankenese
Property investor Pirelli Real Estate said on Monday it has moved its German headquarters from Hamburg’s City Nord to Blankenese, a suburb of Hamburg. The 110 staff have now moved into a 2,800 m[sup]2[/sup] office at Erik Blumfeld Platz in the new ‘Blankenese Bahnhofsplatz’ urban quarter. 'After we developed the ...
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PropertyEU Archive
Invesco launches second pan-European hotel fund
Invesco Real Estate has announced the launch of a second pan-European hotel fund with an exclusivity agreement to purchase a EUR 168 mln seed portfolio. The seed portfolio has been secured by Invesco Real Estate’s specialist hotel team via its relationship with major international hotel operators, Simon Redman, head of ...
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PropertyEU Archive
DFH fund buys Stuttgart offices for EUR 48m
Germany's Deutsche Fonds Holding (DFH) has acquired a portfolio consisting of three office properties and a residential building in the city centre of Stuttgart for just over EUR 48 mln. The acquisitions were carried out on behalf of the group's closed-end DFH Immobilienfonds Börse/Landesjustizzentrum Stuttgart fund.
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PropertyEU Archive
ECE, Sparkassen get EUR 70m loan for Sofia centre
German property firms Spaarkassen Immobilien and ECE Projektmanagement said on Monday that they had agreed a 10-year EUR 70 mln loan with Bank Austria for the Serdika shopping centre in the Bulgarian capital Sofia. The investment volume for the centre amounted to around EUR 160 mln, 65% of which was ...
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PropertyEU Archive
Timing is critical, ICSC conference hears
Timing is everything - and the time to invest in countries which experienced the worst downturn is now for developers and investors seeking first mover advantage, according to Simina Istrate, of Colliers International and Jason Karr of Karr Consulting, at the International Council of Shopping Centers’ (ICSC) Romanian Retail Real ...
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PropertyEU Archive
BAI launches Phase II of Vienna's Forum Schonbrunn
Italcommerz Projektentwicklungs, a subsidiary of the Vienna-based construction company Bauträger Austria Immobilien (BAI), has started construction on the second phase of the landmark Forum Schönbrunn complex in the Austrian capital.
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PropertyEU Archive
Internos secures EUR 37.5m loan for German retail fund
Fund manager Internos Real Investors said on Monday it has secured a new EUR 37.5 mln loan facility with German real estate bank Berlin-Hannoversche Hypothekenbank for its German Retail Partnership Fund (GRP) and subsequently acquired a retail park in Northern Bavaria on behalf of GRP for EUR 8.8 mln.
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PropertyEU Archive
German investment volumes set to double in 2010
German commercial real estate investment volumes are expected to double in size this year, reaching as much as EUR 20 bn by the end of 2010, according to Oliver Obert, managing director of BNP Paribas Real Estate Germany. ‘It is going to be the third best year in history after ...
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PropertyEU Archive
Multi launches new mixed-use project in Istanbul
Multi Development has announced that Marmara Forum, its second project in Istanbul, will open in early 2011. Marmara Forum consists of a shopping centre and garden office.
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PropertyEU Archive
Sol Melia buys London hotel for EUR 133m
Spanish hotel chain Sol Melia has confirmed the acquisition of a Norman Foster-designed hotel redevelopment in the financial and tourist heart of London for EUR 133 mln.
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PropertyEU Archive
L&S becomes a REIT, sells retail park for 40% premium
UK listed opportunistic fund London & Stamford converted to UK real estate investment trust (REIT) status on Friday and announced the sale of a retail park for £40 mln more than the firm paid for it 15 months ago.
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PropertyEU Archive
PropertyEU live at EXPO REAL
PropertyEU's editorial team will be on the ground at the EXPO REAL international trade fair in Munich this week, interviewing industry leaders and covering the conference programme.
