Latest reports – Page 3155
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PropertyEU Archive
Soffin approves EUR 1.85b recapitalisation of HRE
Germany's financial market stabilisation fund Soffin has approved up to EUR 1.85 bn in new capital for Hypo Real Estate Holding (HRE) as part of the
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PropertyEU Archive
WP Carey appoints new head of European investment
New York-based investment firm WP Carey has appointed Cabot Lodge as president of its UK subsidiary and head of European Investments. 'Cabot's appointment to head our European investment team underlines our commitment to further strengthen the firm's international platform,' said Gordon DuGan, president and chief executive of the group. 'His ...
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PropertyEU Archive
Pirelli RE sells Große Straße retail asset to Union Investment
German investor Union Investment Real Estate has acquired the Große Straße retail property in Osnabrück, Germany for its Unilmmo:Deutschland open-ended real estate investment fund. Italy's Pirelli Real Estate is selling the asset for a total of EUR 34 mln.
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PropertyEU Archive
Moor Park completes purchase of Sabadell properties for EUR 403m
Moor Park Capital Partners has completed the acquisition of Banc Sabadell's Spanish real estate portfolio in a EUR 403 mln sale-and-leaseback transaction. CBRE advised Moor Park on the deal while CBRE's EMEA Debt Advisory team arranged the financing for the acquisition, which was first announced in March.
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MagazineVarying depths of mud
Portugal, Spain and Italy offer opportunities but in light of their problems stock selection is more critical than ever. To group them with Greece is misleading. Lynn Strongin Dodds reports
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PropertyEU Archive
Inteco teams up with Spanish architect Bofill
Russian developer Inteco has teamed up with Spanish architect Ricardo Bofill in an ambitious residential project in Moscow. The partnership is aimed at developing affordable housing that meets 'the highest modern comfort and aesthetics requirements'.
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PropertyEU Archive
Savills sees investment totalling EUR10-12b in 2010
Real estate adviser Savills is predicting that investment volume in France will total between EUR 10-12 bn in 2010, compared to EUR 7.9 bn in 2009. This is still below the 10-year average of EUR 14 bn. In the first quarter, investment volume doubled to nearly EUR 1.8 bn.
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PropertyEU Archive
Rockspring appoints two new partners
Rockspring Property Investment Managers has announced that Hugh Elrington, Head of UK transactions, and Flavio Casero, Rockspring PanEuropean Property Limited Partnership Fund Manager, have been promoted to partner and have joined Rockspring’s Board with immediate effect.
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PropertyEU Archive
Savills, Catella bring Madrid landmark to market
International real estate advisers Savills and Catella have brought No.3 Paseo de Recoletos Street, Madrid to the market on behalf of Grupo Ballester, for a price in the region of EUR 50 mln.
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PropertyEU Archive
Rezidor signs Baltic JV with Norwegian developer
The Rezidor Hotel Group has announced it has signed a partnership agreement with Norwegian real estate developer Linstow for the management of 10 Reval hotels in the Baltics and in Russia. The joint venture agreement will come into effect from June 2010 and includes three hotels in Riga, two hotels ...
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PropertyEU Archive
Cautious optimism at ICSC European conference
The worst is over, but with the future still far from certain, the shopping centre industry must proceed cautiously if it is to successfully adapt itself and rebuild according to Joerg Banzhaf, Chair of the 2010 European Conference and Managing Director of ECE Projektmanagement in Germany.
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PropertyEU Archive
GCI seeks buyer for Argine shopping mall in Naples
Retail specialist Gallerie Commerciali Italia has mandated CB Richard Ellis to market the newly-developed retail gallery in the Argine shopping complex in Naples, Southern Italy, well-informed market sources told PropertyEU. Gallerie Commerciali Italia is a 51%-49% joint venture of Groupe Auchan's real estate development arm Immochan and US REIT Simon ...
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PropertyEU Archive
Patrizia sells residential block for EUR 42m
Patrizia Immobilien has sold 274 apartments and 275 underground parking spaces by means of a block sale for EUR 42.1 mln. The properties, situated in the immediate outskirts of Munich, were sold to an institutional investor who wishes to remain anonymous.
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PropertyEU Archive
C&W sees Russian market turning the corner in H1
Total investment into commercial real estate in Russia rose to $485 mln (EUR 366 mln) in the first quarter, according to research from Cushman & Wakefield. Prime yields moved in due to tight supply and increasing demand by office occupiers.
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PropertyEU Archive
Fimit, Dea Capital mull merger to create Italy's largest asset manager
Italian real estate fund manager Fimit is considering merging its operations with Dea Capital's First Atlantic Real Estate asset management arm to create 'a leading European alternative real estate asset manager'.
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News
AMF faces out-of-town competition
SWEDEN – Swedish pensions provider AMF, one of the biggest owners of Stockholm offices, has been keen to gauge how much competition it will face from foreign investors in its domestic market.
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News
US housing recovers – but tax regulations deter foreign investors
UNITED STATES – The residential market in the US is recovering, but foreign investors will not be placed to capitalise on opportunities unless government tax restrictions are lifted.
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News
Investors to take the highroad to Warsaw
POLAND – Polish infrastructure is poised for pension fund investment despite investor concerns over Central and Eastern European (CEE) economies, according to Barings fund manager Matthias Siller.
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News
Pension funds tap long-term potential of old age
UK – The raising of £80m (€92m) in new equity for a UK social infrastructure fund reflects pension fund appetite for long-term investments linked to inflation, according to Aviva Investors fund manager Neil Gardiner.
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News
Mass PRIM rebuilds timber portfolio
UNITED STATES - Massachusetts Pension Reserves Investment Management Board (Mass PRIM) is to invest a further $500m ($376m euros) in US timber after selling a $700m section of its portfolio approximately three years ago.
