Latest reports – Page 3086
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PropertyEU Archive
Pirellli's Tecla fund sells two assets for EUR 22m
Tecla Fondo Uffici, a listed closed-end investment fund managed by Pirelli RE SGR, said that it has sold two office buildings in the Northern Italian cities of Bergamo and Milan for a total of EUR 22 mln. The transactions generate a gross capital gain of over EUR 3 mln for ...
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PropertyEU Archive
MSREF VII, Redos acquire 23 retail assets in Bavaria
Morgan Stanley Real Estate Fund VII Global (MSREF VII) and Redos Real Estate announced on Friday that they have jointly acquired a portfolio of 23 retail properties mostly in Bavaria from a group of private investors. Terms of the acquisition were not disclosed.
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PropertyEU Archive
Hines starts development of $160m retail outlet near Moscow
US private real estate developer and investor Hines has announced the start of construction for its $160 mln (EUR 117 mln) retail outlet Village Belaya Dacha project near Moscow.
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PropertyEU Archive
Corestate opens office in London
Corestate”, a specialist private equity real estate investor focussed on Germany, has announced the opening of its first UK office at 21 Bruton Street, London, bringing the Group’s total European network of offices to four.
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PropertyEU Archive
Brokers back on hiring trail
Europe’s leading real estate advisers are back on the recruitment trail after seeing staff numbers drop by as much as 17% in 2009.
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PropertyEU Archive
Sonae Sierra chief sets sights on Germany
Portuguese shopping centre specialist Sonae Sierra is actively scouring the German market for development and refurbishment opportunities, CEO Fernando Guedes de
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PropertyEU Archive
BBI, L&W launch EUR 126m project in Warsaw
Belgium's Liebrecht & Wood and Poland's BBI Development have announced the start of construction for a vast mixed-use complex at Warsaw's Unii Lubelskiej Square. The new Plac Unii project, representing a total investment of PLN 500 mln (EUR 126 mln), will consist of a 21-storey skyscraper and two six-storey buildings.
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PropertyEU Archive
EPRA chairman sees growth in bond lending
Corporate bond lending in the listed real estate will develop further in the coming years, according to Guillaume Poitrinal, chairman of the European Public Real Estate
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PropertyEU Archive
BNP Paribas RE buys AEW's property management business
BNP Paribas Real Estate has strengthened its international property management business through the acquisition of the property management subsidiaries of AEW in Central Europe (PBW Polska, PBW Hungary and PBW Czech Republic), cementing its European leadership and activity in Central Europe. Financial terms were not disclosed.
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PropertyEU Archive
Catella upbeat after ‘disappointing’ 2009
Catella Property Group saw investment transaction volumes plunge 78% in 2009 to EUR 2.16 bn from EUR 10 bn the previous year. The decline - the second-biggest recorded by PropertyEU in its annual survey of Europe’s leading brokers - puts the Swedish group in eighth place this year compared ...
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PropertyEU Archive
Valad renews TAP investment management contract
Valad Europe, the pan-European real estate investment manager, has announced that The Conygar Investment Company has renewed Valad's investment management contract for The Advantage Property Income Trust (TAP) for a further three years.
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PropertyEU Archive
Eurohypo finances Rockspring's mall portfolio deal
Eurohypo, Europe’s leading commercial real estate lender, has provided £68 mln (EUR 78 mln) in financing to Rockspring for the purchase of four regionally located shopping centres. The properties have been sold from Capital and Regional’s Mall Fund and are located in Gloucester, Southampton, Romford and Falkirk.
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News
Carlyle combines buyout, real estate capital to fund B&B Hotel purchase
EUROPE – The Carlyle Group has acquired B&B Hotel Group, operator of 223 hotels across France, Germany and France, with equity from one of its private equity buyout funds and one if its real estate vehicles.
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News
Former manager at AZL accused of taking bribes
NETHERLANDS – A former employee of pensions provider AZL has been accused of committing property fraud by accepting bribes.
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News
French commercial real estate returns to positive territory, says IPD
FRANCE – Commercial real estate in France has emerged from a two-year slump to record a six-month 1.6% capital appreciation, according to Investment Property Databank (IPD).
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News
AMF makes largest Swedish transaction in over two years
SWEDEN – Swedish pension provider AMF and German open fund manager DEKA Immobilien Investment have executed the largest single real estate deal in the city of Stockholm for more than two years.
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News
Quarter of global fund managers' real estate assets in Asia
GLOBAL – Global fund managers own $178.6bn (€131bn) of real estate in Asia Pacific, close to a quarter of their total assets under management, according to ANREV.
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News
Texas Teachers approves $500m investment in retail REIT
GLOBAL – The Teacher Retirement System of Texas has approved a $500m (€371m) investment into General Growth Properties (GGP).
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News
Wisconsin commits $75m to Mesa West debt fund
GLOBAL – The Wisconsin State Investment Board has made a $75m (€56m) commitment to the Mesa West Real Estate Income II commingled fund.
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News
Germany sets two-year holding period for open real estate funds
GERMANY – The German government has passed new regulations for open real estate funds (OIFs) that will include a minimum two-year holding period.
