Latest reports – Page 3133
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PropertyEU Archive
East Capital returns Russian fund equity to investors
Swedish independent asset manager East Capital has decided to terminate its Russian property fund and return the equity to investors. The East Capital Russian Property fund was launched in 2008 but has not made any investments.
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PropertyEU Archive
Pik Group names new chairman
London-listed Pik Group, one of Russia's leading residential real estate developers, has announced the appointment of Pavel Grachev as chairman of the board of directors.
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PropertyEU Archive
Cofinimmo divests three properties for EUR 37m
Brussels-listed Cofinimmo has announced the disposal of three properties for a total of EUR 36.8 mln. This amount represents a realised gain of 1% compared to the total investment value of the assets. Cofinimmo said the sales were in line with its stated asset arbitrage policy. The proceeds will ...
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PropertyEU Archive
Patrizia buys EUR 125m worth of German apartments
Listed German property firm Patrizia has announced that one of its subsidiaries is acquiring a total of 50,000-m[sup]2[/sup] of residential real estate on behalf of its special funds. The investment volume comes to more than EUR 125 mln.
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PropertyEU Archive
P3 to build 63,000-m[sup]2[/sup] Slovakian facility with Inva Group
Arcapita Bank's European logistics property arm PointPark Properties (P3) has signed a partnership agreement with the local developer Inva Group for the development of a new logistics park in eastern Slovakia. The new facility, called PointPark Kolice, will consist of three buildings offering 63,000 m[sup]2[/sup] of A-quality distribution space on ...
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PropertyEU Archive
Castello's Giotto fund shops in Sardinia
An opportunity fund managed by Italy's Castello Sgr has invested nearly EUR 40 mln in the acquisition of several plots of land in Chia, Sardinia. The sites have been sold by Baia Chia Hotels to the Giotto opportunity real estate fund.
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PropertyEU Archive
AMB Property leases 8,900m[sup]2[/sup] in Hamburg development
New York-listed industrial space specialist AMB Property Corporation has leased the remaining 8,900 m[sup]2[/sup] of its AMB Hausbruch Industrial Center A in Hamburg, Germany. Kuehne + Nagel, a global leader in international forwarding, will use the space to accommodate its expanding business requirements. Kuehne + Nagel is now the sole ...
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PropertyEU Archive
XXI Century suspends trading on AIM
Trading in the shares of XXI Century Investments on London's junior AIM market have been suspended at the request of the Ukrainian real estate firm as efforts to shore up its balance sheet continue. XXI Century said trading on the stock exchange will resume once it is in a position ...
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PropertyEU Archive
Real I.S. invests EUR 90m in Regensburg office project
Real I.S. has invested around EUR 90 mln on the purchase of an office project in Regensburg, Germany through its new German-focused investment fund. The investment volume includes EUR 47 mln of Real I.S.' own capital.
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PropertyEU Archive
DTZ appoints director for Corporate Real Estate Consulting
Real estate adviser DTZ has appointed John Keyes as director in the firm's Corporate Real Estate Consulting business. Keyes will be based in DTZ's Manchester office providing strategic real estate advice to clients across the UK. Keyes joins DTZ from GVA Grimley where he was a director in the Occupier ...
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PropertyEU Archive
Foreign investors slam tighter rules for Italian funds
Foreign investors have slammed a recent proposal by the Italian government to scrap longstanding tax benefits for foreign institutions investing in Italian property funds. The changes, which were put forward last week, may be enforced by the year-end as part of Italy's 2010 Budget Law.
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PropertyEU Archive
Echo unveils EUR 1.2b investment plan
Warsaw-listed Echo Investments is planning 56 new real estate projects over the next five years for a total investment of PNL 5 bn (EUR 1.2 bn). The projects include 13 commercial centres, 16 office buildings, 26 residential projects and a hotel.
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PropertyEU Archive
Conwert makes EUR 166m takeover bid for Austrian peer
Conwert Immobilien Invest SE, the Vienna-listed residential property firm, has unveiled a EUR 6.50 per share takeover bid for Austrian peer Eco Business-Immobilien. Conwert already holds just under 25% of the shares in Eco Business and manages the business.
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PropertyEU Archive
Eco sells Opernringhof for EUR 101m
Vienna-listed Eco Business-Immobilien has announced it is selling the Opernringhof office complex in the Austrian capital for EUR 101 mln. The asset will be sold to an Austrian private investor for a price significantly above the current value and nearly 19% over the total investment cost, Eco said.
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PropertyEU Archive
Former Abu Dhabi executive joins Internos investment committee
Mark Burton, former chief investment officer for real estate at the Abu Dhabi Investment Authority, has joined the investment committee of Internos Real Investors, the EUR 1.5 bn owner-managed real estate fund management business.
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PropertyEU Archive
Carlyle has EUR 750m war chest for European real estate
Global private equity firm Carlyle has a EUR 750 mln war chest for its Europe Real Estate Partners III fund, according to Guido Audagna, head of Carlyle Italy. The vehicle, which raised EUR 2.2 bn of equity in 2008, is eyeing two shopping centre acquisitions in the Italian market after ...
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PropertyEU Archive
Berlin Hyp/Landesbank Berlin finance 3 properties
Berlin Hyp/Landesbank Berlin and DG HYP Deutsche Genossenschafts-Hypothekenbank have syndicated a EUR 107 mln investment facility for three properties acquired by French real estate investment trust Foncière des Régions. Berlin Hyp acted as the lead arranger.
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PropertyEU Archive
CBRE launches new measure of value trends in Europe
CB Richard Ellis (CBRE) has launched a new measure of value trends in the European property market. The global broker said the European Valuation Monitor (EVM) provides investors with a regular guide to changes in capital values, based on regular fund valuations in order to give a quick snapshot of ...
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PropertyEU Archive
PIK retreats from commercial property development
London-listed developer PIK Group has divested its commercial real estate unit, Storm Properties, to refocus on the residential market in and around Moscow.
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PropertyEU Archive
EIRE 2010 attracted 14,000 professionals
The Expo Italia Real Estate (EIRE) trade fair held earlier this month in Milan attracted more than 14,000 real estate professionals from 50 countries, 473 companies and institutions, plus 300 registered journalists, the organiser Ge.Fi. has said.
