Latest reports – Page 3115
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PropertyEU Archive
Ex-Morgan Stanley trio get backing for new business
Guernsey closed-ended investment company TFG has entered into an agreement with ex-Morgan Stanley executives John Carrafiell, Sonny Kalsi and Fred Schmidt, to invest in their newly created real estate venture, GreenOak Real Estate.
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PropertyEU Archive
All-property returns in UK slow in Q2: JLL
All-property total returns in the UK slowed to 3.6% in Q2 against 6.2% in the previous quarter, according to the latest Jones Lang LaSalle Quarterly Index. Capital value growth decreased to 2%, as the pace of yield compression continued to diminish.
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PropertyEU Archive
MRM Invest sells Nanterre building for EUR 50m
French listed property firm MRM Invest has announced the sale of the Crysalis office building in Nanterre for nearly EUR 50 mln. The company, which focuses on retail and office property, said that the sale is part of its disposal strategy.The firms has sold off over EUR 120 mln worth ...
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PropertyEU Archive
European listed sector books 7.8% return in July: GPR
European listed real estate won ground in July and booked value growth of 7.8% in the GPR 250 Europe Index.
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PropertyEU Archive
Pirelli RE launches two new funds in Italy
Pirelli RE's SGR asset management unit has announced the launch of two new real estate funds, Anastasia and Monteverdi, with a combined market value of over EUR 400 mln. Pirelli RE said that the new launches, taking its total assets to some EUR 6.3 bn, 'consolidate its leadership in Italy's ...
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PropertyEU Archive
Eurazeo in exclusive talks with Carlyle to sell B&B hotel portfolio
French listed investment group Eurazeo said that it has entered into 'exclusive negotiations' with Carlyle to sell its B&B Hotel portfolio, valued at around EUR 485 mln. The company said that the talks will continue until the end of this week and could be extended if certain conditions with regard ...
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News
Spain's BBVA offloads second round of bank branches
EUROPE – Banco Bilbao Vizcaya Argentaria (BBVA) has offloaded a second tranche of property assets to the group of RREEF Europe, Area Property Partners and Europa Capital for €364m.
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News
European office fundamentals remain strong, says Jones Lang LaSalle
EUROPE – Take-up of office space in Europe increased marginally in the second quarter despite growing economic uncertainty over austerity measures and concerns surrounding sovereign debt, according to Jones Lang LaSalle (JLL).
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News
Henderson targets local interest with German retail fund
GERMANY – Henderson Global Investors is seeking to tap demand from German institutional investors for exposure to their domestic retail sector.
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News
Brookfield Properties reinvents self, invests $1.4bn in offices
GLOBAL – Brookfield Properties is planning to invest more than $1.4bn (£885m) in 16 offices across Australia held by Brookfield Asset Management and reposition itself into a "global, pure-play office property company".
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PropertyEU Archive
Fundraising falls to lowest level since 2004: Preqin
The fundraising environment remains extremely competitive for private equity real estate funds as the recovery many predicted is yet to occur, according to fund tracking firm Preqin.
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PropertyEU Archive
Corio places EUR 250m bond issue in second bid
Amsterdam-listed real estate firm Corio has announced that it is to place EUR 250 mln of bonds with a single foreign institutional investor just three weeks after the firm scrapped a planned Eurobond issue due to an 'unfavourable market climate'.
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PropertyEU Archive
Atrium appoints chief investment officer
Vienna and Euronext-listed Atrium European Real Estate has announced the appointment of Jörg Banzhaf as chief investment officer. Banzhaf will be responsible for the management and co-ordination of Atrium’s planned investment programme.
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PropertyEU Archive
Conwert takes control of Eco Business
Vienna-listed residential property firm Conwert Immobilien Invest SE has announced that it now owns just over 87% of Austrian commercial real estate firm Eco Business-Immobilien after the majority of Eco shareholders accepted its takeover offer. The competition authorities in Germany and Austria, where Eco Business owns properties, have already approved ...
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PropertyEU Archive
Benson Elliot, Algonquin buy Novotel in Edinburgh
Benson Elliot Capital Management and Algonquin have completed the joint acquisition of the Novotel Edinburgh Park, Edinburgh. The hotel was acquired from administrators KPMG. The financial details were not disclosed.
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PropertyEU Archive
Henderson sells 25% stake in the Brewery to Prupim
Henderson Global Investors has completed the sale of a 25% stake in the Brewery in Romford to Prupim for £44.25 mln (EUR 53 mln) on behalf of the £1 bn Henderson Retail Warehouse Fund. The price reflects a net initial yield of 6.06% for Prupim.
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PropertyEU Archive
Europa Capital buys Renault centre in Paris
Europa Capital, the general partner of Europa Fund III, has announced a new transaction days after it took part in the EUR 364 mln consortium acquisition of a portfolio of five office buildings and 153 bank branches in Spain from BBVA bank.
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PropertyEU Archive
BL, Blackstone sign 65,000m[sup]2[/sup] Broadgate lease with UBS
British Land and Blackstone Group have announced that Bluebutton Properties, their joint venture company, has signed a leasing agreement with Swiss bank UBS for the development of a new £340 mln (EUR 411 mln) building on the Broadgate Estate in London.
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PropertyEU Archive
More positive signals for European office markets: JLL
Positive signs increased in the office markets during the second quarter of 2010 even though austerity measures and concerns surrounding sovereign debt in European economies triggered a new wave of economic uncertainty and volatility in financial markets, according to Jones Lang LaSalle's latest European Property Clock.
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PropertyEU Archive
Investors re-evaluate strategy as UK core funds outperform: Preqin
Private equity real estate investors are re-examining their strategy and leaning towards the core segment following the poor performance of many of their investments and the rebound in one-year median returns for UK core funds.
