Latest reports – Page 3112
-
PropertyEU Archive
NR Nordic & Russia announces total property sell-off
NR Nordic & Russia Properties has unveiled plans to dispose of its entire real estate portfolio, shortly after the company's shareholders turned down a EUR 114 mln takeover bid by the investment firm of the Livingstone brothers.
-
PropertyEU Archive
Promotions awarded at DTZ Prague
Four managers from the Prague office of the international consulting firm DTZ were appointed to the position of associate director in July.
-
PropertyEU Archive
DG Hyp refinances properties held by IVG funds
German financier DG Hyp has provided EUR 118.2 mln in medium-term refinancing for five properties held by three open-ended funds managed by IVG Institutional Funds. The three funds are the Europe Fund OIK, EURIM and EPFUND-OIK.
-
PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 33.5m facility to Apollo Rida
Deutsche Pfandbriefbank has renewed a EUR 27.5 mln investment facility to Apollo Rida for its Zeran Park II warehouse and distribution park in Warsaw, and has also provided an investment top-up facility of EUR 6 mln. The deal was signed on 27 July.
-
PropertyEU Archive
Hesse Newman buys Frankfurt office building for EUR 73m
German closed-end fund manager Hesse Newman Capital has bought an office building in Frankfurt's central business district for around EUR 73 mln. The property, which has a lettable area of around 45,600 m2, is rented to Deutsche Bahn until 2020. Around 1,900 staff work in the Deutsche Bahn premises.
-
PropertyEU Archive
SEB Immoinvest and Kanam Grundinvest funds stay closed
German open-ended funds SEB Immoinvest und Kanam Grundinvest are to remain closed for redemptions for another nine months due to market uncertainty about the government's planned investor protection laws.
-
PropertyEU Archive
Deka buys Greenwich Peninsula office property at 5.9% yield
London-listed firm Quintain Estates and Development announced on Monday that Deka Immobilien, Germany's largest manager of open-ended property funds, has acquired the Pier Walk office complex located at Greenwich Peninsula, London. The investment volume of £97.1 mln (EUR 117 mln) reflects a yield of 5.9%. Quintain said the price is ...
-
PropertyEU Archive
Panattoni Europe sells 3 Polish projects for EUR 56m
Industrial real estate developer Panattoni Europe has disposed of three Polish projects to a fund managed by Standard Life Investments (SLI) for around EUR 56 mln. The Warsaw-based firm said that it has sold a portfolio comprising 87,000 m[sup]2[/sup] of space spread across three logistics parks. Two centres - Panattoni ...
-
PropertyEU Archive
Commerz Real acquires retail park in France for EUR 39m
Commerz Real said it has acquired a retail park in the southern French city of Orange from French project developer Bouygues Immobilier for around EUR 39 mln. The property is earmarked for the company's HausInvest Europa open-ended real estate fund.
-
PropertyEU Archive
Savills advises on EUR 5.4m BBVA transaction
Property advisor Savills has said it acted for Spanish bank BBVA in the sale of office space in Madrid to a family office investor. The investment volume of EUR 5.4 mln reflects a 6% yield. The first floor office, located in prime Madrid at 35 Nuñez de Balboa, comprises 1,379 ...
-
PropertyEU Archive
Henderson acquires retail unit in Halifax for EUR 6.9m
Henderson Global Investors has acquired a retail warehouse unit in Berry Lane, Halifax in the UK for £5.7 mln (EUR 6.9 mln). The investment volume reflects a net initial yield of 6.65%.
-
PropertyEU Archive
LGP acquires three buildings in Cambridge for EUR 42m
Legal & General Property has acquired the long leasehold interest in three office buildings at Cambridge Science Park in the UK on behalf of its Managed Fund for £35 mln (EUR 42 mln), reflecting a net initial yield of 6.62%. The vendor is Trinity College, Cambridge.
-
PropertyEU Archive
Cushman & Wakefield expands Budapest office
Global real estate consultant Cushman & Wakefield (C&W) has announced the expansion of its office real estate team in Budapest with the appointment of Tamara Szántó to the C&W office agency as a negotiator from 1 August.
-
PropertyEU Archive
CBRE strengthens Irish property management team
The Dublin office of CB Richard Ellis Group (CBRE) has announced the appointment of David McKenna as associate director, in its Irish retail Property Management business.
-
PropertyEU Archive
Distressed property sales ease: RICS
The growth in distressed property listings eased back in more than 85% of the countries surveyed in a global report by RICS. In the second quarter, 13 out of the 25 countries surveyed reported an increase in distressed sales, down from 17 countries in the previous three-month period.
-
PropertyEU Archive
JLL Hotels brokers Italian, UK deals
JLL Hotels has announced the sale of Le Meridien Piccadilly, in the heart of London's West End, on behalf of Starman Hotels. The grade II listed, 266-room leasehold hotel was acquired by an affiliate of Host Hotels & Resorts for £64 mln (EUR 77 mln). The hotel has recently undergone ...
-
PropertyEU Archive
Ibus sells office buildings Les Boréales in Paris
Netherlands-based real estate firm Ibus has sold two office buildings named Les Boréales in Courtaboeuf, a business park near Paris. Les Boréales was acquired by Ibus in 2000 for an amount of EUR 9 mln and was sold to a French private investor for EUR 7.9 mln.
-
PropertyEU Archive
Prime Milan rents rise for first time in two years: Savills
Prime Milan office rents are showing signs of growth for the first time in two years, according to a new report from international real estate advisor Savills.
-
News
London & Stamford to make REIT conversion
UK – AIM-listed real estate company London & Stamford Property (LSP) is seeking to convert to a real estate investment trust (REIT) and bring its external management team in-house.
-
News
UK real estate recovery to stall, says IPD
UK – The rally in the UK real estate market appears to have run its course, according to latest figures from Investment Property Databank (IPD).
