Latest reports – Page 3103
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PropertyEU Archive
COLUMN: Widening real estate's capital-raising base
One very important lesson to emerge from the recent financial crises has been the need to reduce the over-reliance of the European property sector on bank lending as a primary mechanism for capital-raising.
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PropertyEU Archive
MPC extends lease at Europoint II
MPC Real Estate Services has sealed a new lease agreement with Rotterdam's local authority for the Europoint II office complex.
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PropertyEU Archive
Skanska, KBS to develop 63,000-m[sup]2[/sup] mall in Trondheim
Norwegian firm KBS Kjøpesenter, part of Realinvest, has contracted Skanska Norway to build a shopping centre in Trondheim. The construction contract amount is NOK 477 mln (EUR 60 mln).
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PropertyEU Archive
IFM leases 2,000m[sup]2[/sup] at Frankfurt Romeo & Julia office towers
IFM Immobilien has leased out nearly 2,000 m[sup]2[/sup] of office space in the Romeo & Julia twin towers in Frankfurt. The newest tenants are real estate firm Colliers (800 m2) and Baring Asset Management (400 m2). The law firm WilmerHale has increased its office space by 750 m[sup]2[/sup].
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PropertyEU Archive
Fimit-First Atlantic merger to create EUR 8b asset manager
Italian real estate fund manager Fondi Immobiliari Italiani (Fimit) has signed a non-binding memorandum of understanding (MoU) about merging with First Atlantic Real Estate, the real estate fund management arm of Milan-listed private equity investment group Dea Capital.
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PropertyEU Archive
HB Reavis brokers Slovakia's largest leasing deal of 2010
Slovakian real estate development firm HB Reavis said that it has sealed the country's largest office lease agreement so far this year with the letting of 8,500 m[sup]2[/sup] of Grade A office space in its Apollo Business Centre II in Bratislava.
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PropertyEU Archive
MTH buys 184 Mac Geiz stores in Germany
Austrian firm Management Trust Holding (MTH) has acquired a portfolio of 184 discount stores in eastern Germany from the insolvent Mac Geiz household retail chain. The announcement of the sale of the operating and property businesses which employ a total staff of 1,300 was made on Friday by administrator Rainer ...
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PropertyEU Archive
Fund of funds pioneers launch new firm
Anders Astrom and Tomas Otterud, the founders of Aberdeen Property Investors' real estate fund of funds business (API IIM) have joined forces to create Custor Capital, an independent investment firm focused on global customised real estate solutions for institutional investors.
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PropertyEU Archive
AEW sells Omega office building near Paris
Real estate investment manager AEW Europe has announced the sale of the Omega 7 office building located at Kremlin-Bicêtre, in the southern suburbs of Paris, to insurance group La Mutuelle Générale. The transaction was brokered by AEW on behalf of the owner, French bank Caisse des Dépôts. The financial details ...
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PropertyEU Archive
ING RE Finance sees new business decline 40%
ING Real Estate Finance (ING REF) saw its new commercial real estate business fall 42% to EUR 4 bn in 2009 from EUR 7 bn the previous year, according to PropertyEU's annual survey of the top financiers in Europe. In terms of outstanding volume, however, ING REF still ranks among ...
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PropertyEU Archive
IGD SIIQ's profit doubles in H1 2010
Listed Italian retail property specialist Immobiliare Grande Distribuzione (IGD) SIIQ saw its profit double to EUR 14 mln in the first half of 2010, largely as a result of lower writedowns on its Italian and Romanian property portfolio. The figure compares to a EUR 7 mln profit in the same ...
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PropertyEU Archive
Metrovacesa gets extension on EUR 230m facility
Spanish debt-laden property company Metrovacesa has received a six-month extension on repayments of a EUR 230 mln syndicated credit facility granted in April this year. In a statement to the stock market regulator CNMV, the Madrid-based group said that the six financial institutions owning 65% of the company have decided ...
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PropertyEU Archive
OVG delivers Haagsche Zwaan to Union Investment
Rotterdam-based developer OVG has delivered the Haagsche Zwaan office development in The Hague to its owner Union Investment.
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PropertyEU Archive
LGP acquires UK private hospital for EUR 20m
Legal & General Property (LGP) announced on Friday that, on behalf of the Property Unit Trust, it has acquired the BMI Woodlands Hospital in Darlington, UK from Bluesparkle.
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PropertyEU Archive
Foruminvest sells majority interest in Belgian projects
European investor-developer Foruminvest Group has sold the majority interests in three Belgium shopping centre developments to City Malls, a new venture established by Patric Huon, the CEO of Foruminvest Belgium, and Brussels-listed real estate company Banimmo.
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PropertyEU Archive
Beltane AM acquires City of London office property
Beltane Asset Management, has purchased St Paul's House, Warwick Lane from Grange Hotels, its second City of London acquisition in less than two months.
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PropertyEU Archive
ING sells Canadian portfolio stake in EUR 1.5b deal
Dutch banking and insurance group ING announced on Friday that it has agreed to sell its 50% stake in the Canadian light industrial property portfolio, ING Summit Industrial Fund, to a joint venture between KingSett Capital and Alberta Investment Management Corporation (AIMCo).
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PropertyEU Archive
PREI names DeVos as Global sustainability officer
Pramerica Real Estate Investors has named David DeVos as its new Global Sustainability Officer, responsible for overseeing the company’s evolving strategy to reduce its worldwide environmental footprint.
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PropertyEU Archive
Pfizer becomes largest tenant of Adgar Plaza
Adgar Postepu has signed a contract for the lease of office space with the Polish arm of leading pharmaceutical company Pfizer. The new tenant will occupy the largest office space among all the companies that have decided to locate their offices in Adgar Plaza, part of the Adgar complex situated ...
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PropertyEU Archive
Buck Consultants hires Ernst & Young partner
Buck Consultants International has recruited Jan Siemons as managing partner. In his new position, the former Ernst & Young partner will be responsible for servicing the growing demand for location advice by international companies as well as the advisory services to economic development groups and inward investment agencies in Europe.
