Latest reports – Page 3123
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PropertyEU Archive
Allianz RE buys office building in Dusseldorf for EUR 100m
Allianz Real Estate Germany has acquired the Spherion office building in Dusseldorf from Signa Property Funds for around EUR 100 mln. Spherion is a certified green building with a total lettable area of about 28,000 m[sup]2[/sup] and is fully let to accountancy firm Deloitte & Touche.
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PropertyEU Archive
AXA Real Estate raises EUR 230m for European development fund
AXA Real Estate said on Monday it has raised EUR 230 mln at the first close of its pan-European development fund, Development Venture III. The capital was raised from four European investors, together with co-investment from insurance companies of the AXA Group.
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PropertyEU Archive
European office development fails to take off outside London: CBRE
The take-off of European office development is being hampered by the combination of an uncertain rental outlook and constrained access to development finance, according to a new report by CB Richard Ellis (CBRE).
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PropertyEU Archive
MEC sells Bow Bells House
Mitsubishi Estate Company, the joint developers and owners of Bow Bells House with Mitsubishi Corporation, has sold the building to an unnamed foreign private investor client of Constanti Real Estate and Gresham Down for in excess of £140 mln (EUR 166 mln).
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PropertyEU Archive
King Sturge forms partnership with Italian broker Gabetti
UK property adviser King Sturge said on Monday it has formed an association with Gabetti Property Solutions, one of Italy's leading real estate brokerage firms.
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PropertyEU Archive
Savills Germany appoints consultant in Munich
Savills Germany has employed Jasmin Dombrowski as a new senior consultant for its Office Agency in Munich.
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PropertyEU Archive
Eroski sells two retail warehouse units to Rockspring
Spanish food retailer Eroski has completed its third sale-and-leaseback transaction of the year with the sale of two retail warehouses to fund manager Rockspring for EUR 14.5 mln. The warehousing units specialise in sporting goods. Rockspring carried out the deal on behalf of its Rockspring TransEuropean IV PLP fund.
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PropertyEU Archive
Dutch country manager steps down at ING RED
Anneke de Vries, country manager for ING Real Estate Development (RED) in the Netherlands, is stepping down following the merger of ING's Dutch development activities with ING RED International. The merger is part of ING's 'Back to Basics' strategy aimed at curbing capital expenditure and limiting the risks of its ...
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PropertyEU Archive
Christie + Co sells Park Inn Hyde Park in London
Christie + Co has announced it has brokered the sale of Park Inn Hyde Park, London on behalf of Gresham Hotel Group. The name of the buyer and the investment volume was not disclosed but the proeprty adviser said it sought offers in excess of £35 mln (EUR 42 mln).
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PropertyEU Archive
Governments look to property sales to bolster finances: CBRE
Sales of government-owned real estate in Europe may exceed last year's total of EUR 840 mln as the motivation to sell public sector-owned property assets to raise much-needed capital has become strongly in light of announced deficit-reduction plans, CB Richard Ellis has predicted.
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PropertyEU Archive
JLL sees improvement in European direct investment
The strength of economic recovery has fed through into European real estate investment activity, with transaction volumes increasing in the second quarter of 2010, according to Jones Lang LaSalle.
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PropertyEU Archive
Metric completes NI retail park acquisition
Metric Property Investments, a specialist UK retail real estate investment trust (REIT), has announced the completion the acquisition of a retail park in Newry, Northern Ireland.
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PropertyEU Archive
JLL strengthens corporate finance team
Jones Lang LaSalle has announced three new additions to its London-based pan-European Corporate Finance team. Alistair McGill has joined the private equity team as investment manager. He comes from real estate fund manager Prescient Real Estate, prior to which he was a director at Stockland UK.
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PropertyEU Archive
West End trust completes EUR 98m of transactions
The West End of London Property Unit Trust (Welput) has announced that it has carried out two new transactions totalling £82 mln (EUR 98 mln). The trust is advised by Grafton Advisors and managed by Schroders.
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PropertyEU Archive
NSI completes EUR 250m refinancing and syndicates EUR 50m
Amsterdam-listed real estate firm Nieuwe Steen Investments (NSI) has announced the completion of a EUR 250 mln refinancing with ING Real Estate Finance. The finance transaction was originally announced in April and this week NSI said negotiations between the parties on the replacement of an existing short-term facility with the ...
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PropertyEU Archive
Skanska sells office building in Malmö for EUR 42m
Construction and development group Skanska has sold an office building in Malmö, Sweden, for SEK 400 mln (EUR 42 mln), generating a capital gain of SEK 120 mln. The buyer is Svenska Vårdbostäder which will continue its operations as Executive Property Svenska. The transfer is scheduled to take place on ...
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PropertyEU Archive
SoFFin creates bad bank for Hypo RE assets
Germany's financial market stabilization fund SoFFin said on Thursday it had created an external holding pool, or 'bad bank', to which it would transfer up to EUR 210 bn in toxic assets from troubled real estate financier Hypo Real Estate.
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PropertyEU Archive
Carlyle buys chunk of White Tower portfolio for EUR 800m
Global private equity firm The Carlyle Group has made its first major deal in the UK for two years by acquiring six Central London properties for £671 mln (EUR 803 mln). The assets acquired form a large part of the White Tower 2006 CMBS portfolio.
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PropertyEU Archive
Behringer Harvard buys office property in Hamburg
Behringer Harvard has acquired 20 Holstenplatz, a multi-tenant office property in the Altona district of Hamburg from Eurocastle Investment for an undisclosed sum. The property was purchased for Behringer Harvard's Opportunity REIT II.
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News
Warburg-Henderson launches follow-up Austrian fund
AUSTRIA – Warburg-Henderson, the German business of Henderson Global Investors, is seeking to raise capital from German, Austrian and Swiss institutional investors for its second Austria-focused real estate fund.
