Latest reports – Page 3135
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PropertyEU Archive
Panorama hires Savills to sell two Italian malls
Retail group Panorama has mandated Savills to sell two shopping centres in Pistoia and Alessandria, northern Italy, according to well-informed market sources. The schemes are said to be worth a total of EUR 80 mln.
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PropertyEU Archive
EPISO fund sells London office to Hermes at 7.1% yield
European Property Investors Special Opportunities (EPISO) has sold an office asset in southwest London to the UK asset manager Hermes Real Estate. The investment volume of £58 mln (EUR 70 mln) reflects a net initial yield of 7.1%.
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PropertyEU Archive
Commerz Real strikes again in Poland
Commerz Real has acquired the Harmony Office Center in Warsaw for its open-ended real estate fund hausInvest europa. The total investment volume for the office scheme, which has a gross lettable area of about 19,300 m[sup]2[/sup] and was completed in 2008, approximates EUR 56 mln. It is let in its ...
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PropertyEU Archive
'Silver lining' in property markets hard to find: ULI Germany summit
The million-dollar question as to where to find the ‘silver lining’ in the ongoing economic and property crisis in Europe is no closer to being answered, said Bernhard Hansen, chairman of ULI in Germany and CEO of German property group Vivico Real Estate, as he opened ULI Germany’s Urban ...
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PropertyEU Archive
Vastned receives first BREAAM In-use certificate
Dutch listed property company Vastned received the first BREEAM In-Use certificate for a building in Germany at the Provada real estate fair in Amsterdam this week. This is the first time that an existing building has been certified under the BREEAM In-Use methodology.
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PropertyEU Archive
Cordea Savills appoints John Luke as director of institutional business
Cordea Savills, the international property fund manager, has appointed John Luke as director of institutional business with a focus on distribution in Ireland, the Nordics and the Benelux region. He will be based in the firm's London office and will report to Michael Flynn, executive director of institutional business.
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PropertyEU Archive
Resolution acquires Polish mall for EUR 51m
European real estate investor Resolution Property has purchased Galeria Pomorska in the northern Polish city of Bydgoszcz for EUR 50.75 mln, reflecting an initial yield of 10%.
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PropertyEU Archive
Meyer Bergman buys second London retail asset
Meyer Bergman has acquired the Exchange Shopping Centre, Ilford from the Mall Fund for around £71 mln (EUR 86 mln). The investment volume reflects a net initial yield in excess of 8.2%.
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PropertyEU Archive
Goodman, CBRE Realty in European alliance
Goodman Group, the Sydney-listed logistics developer-investor, has teamed up with CB Richard Ellis Realty Trust for a EUR 880 mln investment drive in logistics assets in the UK and Continental Europe.
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PropertyEU Archive
Hammerson buys Leadenhall Court from receiver for EUR 79m
Hammerson is acquiring the long leasehold interest in Leadenhall Court, a City of London office building, for £65 mln (EUR 79 mln). The UK REIT announced on Friday that it had exchanged conditional contracts with Alan Bloom and Alan Hudson of Ernst & Young, joint receivers over the property which ...
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News
Interest rate swaps blocking UK disposal pipeline, Savills says
UK – The prohibitive cost of unwinding interest rate swaps on real estate debt is preventing financial institutions from offloading a growing volume of distressed UK assets, according to Savills.
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PropertyEU Archive
Draco to invest EUR 50m in Skyline project
Italian firm Draco unveiled plans for three new commercial development projects at the Expo Italia Real Estate (EIRE) fair in Milan this week.
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PropertyEU Archive
Savills sees news lenders in UK market
New entrants to the UK property lending market in the past 12 months include Aldermore, Bank of China, BSI, M&G, Royal Bank of Canada, Standard Bank and Unity Bank. That is one of the key findings of Savills' annual Financing Property presentation held this week in the City of London. ...
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PropertyEU Archive
Provada examines future of Dutch retail
A retail forum was launched on the second day of the Provada Dutch real estate fair this week to examine the future of Dutch retail. A panel of seven Dutch retail specialists, including retailers, developers and investors, discussed a range of topics regarding what lies ahead for the sector. The ...
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PropertyEU Archive
Vacant space manager expands in Germany
Camelot Property Management, a firm that specialises in protecting vacant space, has said it will open two new offices in Germany this year. The new locations will be in Hamburg and Düsseldorf, CEO Joost van Gestel told PropertyEU at the Provada real estate fair in Amsterdam this week.
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PropertyEU Archive
Hines to launch new EUR 150m Italian fund by September
The Italian fund management unit of US real estate developer Hines is hoping to raise around EUR 100 mln of equity from Italian institutional investors for a new fund targeting Class A office schemes and residential complexes in the country's main urban centres, Hines' Italian head Manfredi Catella told PropertyEU ...
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PropertyEU Archive
Unibail-Rodamco sells retail portfolio in Rotterdam for EUR 150m
Unibail-Rodamco has sold a 20,000 m[sup]2[/sup] retail portfolio in Rotterdam to Dutch investor Syntrus Achmea Vastgoed for around EUR 150 mln. The transaction will be effected on 1 July. The portfolio consists of 30 assets located on the Lijnbaan, Korte Lijnbaan, Karel Doormanstraat and Beursplein. The store tenants are mainly ...
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PropertyEU Archive
Dutch government calls for more action on ethics
The Dutch housing ministry plans to consult with a number of leading real estate investors in the Netherlands on a drive to improve the image of the Dutch property sector, director-general Chris Kuipers said during a debate at the Provada real estate fair in Amsterdam this week.
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PropertyEU Archive
Klepierre sells off assets worth EUR 73m
French listed retail specialist Klépierre has announced the sale of three retail assets for a total value of EUR 72.8 mln (excluding transfer duties). The figure is higher than the appraised value of the assets on 31 December 2009, the company said in a press release. The names of the ...
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PropertyEU Archive
C&W, JLL hired to sell Il Sole 24 Ore's HQ in Milan
Italian fund manager Torre Sgr has mandated Jones Lang LaSalle and Cushman & Wakefield to sell the headquarters of Il Sole 24 Ore on Via Monterosa in Milan. The complex offers around 50,000 m[sup]2[/sup] of office space and is valued at well over EUR 200 mln.
