Latest reports – Page 3094
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PropertyEU Archive
Castellum sells two properties for EUR 17m
Swedish real estate firm Castellum has announced that a wholly owned subsidiary has sold a 6,900-m[sup]2[/sup] property with hotel operations in central Örebro, Sweden. The underlying proeprty valuation of SEK 102 mln (EUR 11 mln) exceeds the latest valuation at end-June this year by 4%.
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PropertyEU Archive
IC Real Estate merger to create EUR 10b platform
Munich-based IC Real Estate Group has merged with PropertyOne, the asset and property manager with an international clientele. The company is in charge of a commercial property portfolio located throughout Germany which is jointly owned by Cerberus. The financial basis of the merger is an in-kind investment in return for ...
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PropertyEU Archive
Unicredit to sell EUR 300m portfolio in Rome
Italian lender Unicredit has mandated Cushman & Wakefield to sell a portfolio consisting of seven office buildings in central Rome, well-informed market souces have confirmed to PropertyEU. The 7 Re portfolio, with a value of some EUR 300 mln, includes two historic buildings, Palazzo Mancini and Palazzo Verospi, located at ...
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PropertyEU Archive
Skanska to start green office project in Prague
Global construction and development company Skanska is developing the City Green Court office property with a strong environmental profile in Prague in the Czech Republic. Skanska's investment totals EUR 38 mln.
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PropertyEU Archive
Europe sees highest volume of cross-border activity: JLL
The near doubling of global commercial real estate transactions in the first half of 2010 compared to the same period a year ago was underpinned by a return to pre-crisis levels of cross-border investment, according to new research from Jones Lang LaSalle. Total global commercial real estate investment totalled $132 ...
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PropertyEU Archive
NAMI-AEW Europe buys Eiffage HQ for EUR 29m
Two French Investment funds, SCPI Laffitte Pierre and Fructirégions, managed by NAMI-AEW Europe, have acquired a nine-storey office building in Asnières-sur-Seine, northwestern Paris from Union Investment for EUR 28.6 mln. The property is the headquarters of construction group Eiffage.
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PropertyEU Archive
Pandox acquires Brussels hotel for EUR 29m
Swedish hotel company Pandox is strengthening its position in the Belgian hotel property market with the purchase of the Brussels Hilton hotel property and operations for EUR 29 mln.
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PropertyEU Archive
Prologis sees improvement in industrial sector
Investment flows into Europe's logistics property markets increased sharply during the first half of 2010, albeit with little impact on yields, according to a new report published by distribution facility specialist Prologis.
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PropertyEU Archive
Wolbern spends EUR 45m in the Netherlands
Hamburg-based fund manager Wölbern Invest has acquired two office development projects in the Netherlands for a total of EUR 45 mln, to be paid on completion of the properties in 2011.
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PropertyEU Archive
INREV identifies barriers to sustainability progress
Sustainability is becoming an increasingly important factor in non-listed real estate investment decisions , but there are still considerable barriers to progress, according to a new report published by INREV. The Sustainability Report highlights key areas such as education and industry-standard metrics that need to be improved as well as ...
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PropertyEU Archive
Cordea Savills appoints Mikael Wilhelmsson as asset manager
Cordea Savills, the international property fund manager, has appointed Mikael Wilhelmsson as asset manager for its Nordic Retail Fund. He will report to Hakan Blixt, director of investment, and will be based in Cordea Savills' Stockholm office.
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PropertyEU Archive
Echo to sell Athina Park in Warsaw for EUR 32m
Polish real estate company Echo Investments has entered into an agreement to sell its Athina Park office complex in Warsaw for PLN 126 mln (EUR 32 mln).
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PropertyEU Archive
Upturn in demand in EMEA office markets: JLL
Jones Lang LaSalle's Q3 EMEA Occupier Conditions research suggests that markets across EMEA are witnessing significant upturns in demand as occupiers seek to transact whilst market conditions are favourable.
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PropertyEU Archive
Invesco RE completes purchase of 5th hotel
Invesco Real Estate (IRE), the international cross-border property investment manager, announced on Tuesday that it has concluded the acquisition of the Novotel City Centre hotel in Munich, Germany. The investment volume in an off-market deal came to EUR 39 mln, with financing provided by Bayern LB.
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PropertyEU Archive
Carlyle in running to buy Simon's stake in 47 Italian malls
Global private equity group Carlyle has made an offer for a 49% interest in an Italian retail joint venture currently held by US-based retail specialist Simon Property Group, well-informed market sources have told PropertyEU.
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PropertyEU Archive
Monthly capital appreciation in UK slows to six-year low
Capital appreciation in UK commercial property markets eased in August to the shallowest monthly growth, at 0.1%, since the rebound began last summer, according to the IPD UK Monthly Index.
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News
Stakes raised in Henderson PFI dispute as legal advisers sacked
UK – The stakes in the legal dispute between Henderson Global Investors and a group of 30 pension funds have been raised on news that Henderson has replaced its legal advisers, CMS Cameron McKenna, with Clifford Chance.
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News
German pension fund to invest €400m in Europe through iii-Investments
GERMANY – iii-Investments has been chosen to manage a new €400m closed-end pan-European real estate fund for a German pension fund.
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News
AREF creates investor committee to be chaired by Nick Cooper
UK – Nick Cooper, principal of The Townsend Group, is to chair a new investor committee set up by the Association of Real Estate Funds (AREF).
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News
Hermes' Evans joins IPD for global expansion
UK – Alasdair Evans is leaving Hermes Real Estate, where he was chief operating officer, to join Investment Property Databank (IPD) as group finance director.
