Latest reports – Page 3156
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News
San Antonio raises allocation and eyes new funds
UNITED STATES - San Antonio Fire and Police Pension Fund has increased its strategic asset allocation to real estate by four percentage points, giving it $95m (€71.4m) in new spending power.
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PropertyEU Archive
Warimpex to raise EUR 54m in capital markets
Austrian real estate developer and investor Warimpex has announced the launch of a EUR 54 mln capital increase as it seeks to take advantage of a recovery in the financial markets. The Vienna-listed group said that it will issue around 14.4 million new shares, representing 36.4% of the company capital, ...
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PropertyEU Archive
Klepierre hires Savills to sell Rome's Tor Vergata mall
French retail specialist Klepierre has mandated Savills to sell the Tor Vergata shopping centre in the outskirts of Rome, well-informed market souces told PropertyEU. Opened in December 2004, the mall was and acquired by Klepierre in early 2005 for over EUR 58 mln.
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PropertyEU Archive
Dublin industrial market boosts take-up in Q1
The Dublin industrial market saw growth in transactional activity on both a quarterly and annual basis, according to CBRE’s latest Dublin Industrial Market View. Take-up - both sales and lettings - came to 57,868 m2, the adviser said, with 99% of take-up occurring through lettings.
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PropertyEU Archive
Weinberg Capital buys 2 clinics for French OPCI
Weinberg Capital has finalised the acquisition of two clinics in France for its newly-created hospitality OPCI vehicle, Capital Pierre Santé Retraite. The properties were acquired for an undisclosed amount from local health care operator Almaviva Santé.
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PropertyEU Archive
Ballymore opens Central Europe’s biggest development
After three years of planning and three and a half years of construction, Ballymore has opened Eurovea, a EUR 450 mln investment in Bratislava and Slovakia’s largest mixed-use development to date. Completion of the development marks the final stage of the realisation of the new city quarter which is spread ...
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PropertyEU Archive
IVG issues first dedicated green fund
IVG, Germany's largest listed real estate company, has issued and fully placed its first specialised real estate fund for sustainable buildings IVG Premium Green Fund. The fund will invest a total of approximately EUR 300 mln in four new or modernizedand sustainable office properties which are being developed by IVG ...
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PropertyEU Archive
Investment volume doubles in France in Q1
The French commercial investment market saw turnover double in Q1 to nearly EUR 1.8 bn compared to EUR 0.9 bn in the year-earlier period, accordingto the latest research by real estate advisor Savills.
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PropertyEU Archive
Jonathan Evans to join Jones Lang LaSalle
Jones Lang LaSalle has announced that Jonathan Evans will join the firm to head up West End Agency and Central London Development. Evans is currently Head of Asset and Property Management, London Portfolio at Land Securities.
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PropertyEU Archive
MRM refinances French properties with German bank
French real estate investor MRM Group said that it has reached an agreement with German regional bank Landesbank Saar (SaarLB) to refinance nearly EUR 94 mln of debt maturing in April 2010. The Euronext-listed company has been granted a new EUR 91 mln five-year credit line backed by a portfolio ...
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PropertyEU Archive
Russian market rebounds in Q1: RICS
After a year of malaise, the Russian property market rebounded with positive rents and capital values in the first quarter of 2010, according to the RICS Global Property Survey published today. At the same time, rental declines are easing in UK, France and Germany. However, there is little relief yet ...
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PropertyEU Archive
Resolution and Lehman buy Queensbridge House loan
Hatfield Philips International (HPI), Europe’s largest independent Primary and Special Servicer, has successfully completed the sale of the Queensbridge House loan to Resolution Property and Lehman Brothers Holdings Inc. (LBHI). According to well-informed sources, the buyers paid EUR 6 mln for the EUR 36 mln debt facility.
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PropertyEU Archive
Immoeast/Immofinanz join top 10 worldwide after merger
The Polish regulatory authorities have approved the merger between Immofinanz and Immoeast. The merged company will be one of the top 10 real estate companies worldwide and ranks among the top three in Central and Eastern Europe, according to Eduard Zehetner, CEO of the newly-merged company.
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PropertyEU Archive
Multi scoops two ICSC shopping centre awards
Multi Corporation won two ICSC shopping centre awards at this year's annual conference in Prague, for its Forum Duisburg centre in Duisburg, Germany, and for Forum Barreiro, a development in Barreiro, Portugal. The Gouda-based developer also received a ReSource distinction for Forum Duisburg in recognition of its commitment to long-term ...
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PropertyEU Archive
Gazit's Katzman joins Citycon board
Chaim Katzman, the founder and chairman of the Israel-based Gazit Globe, will join the board of listed Finnish shopping mall group Citycon in which Gazit holds a 48% stake. Citycon's Chief Executive Petri Olkinuora declined to comment on the reason for the decision but said that the proposal was put ...
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PropertyEU Archive
ECE refurbishes Hamburger Meile with large food court
German's leading retail developer ECE Projektmanagement has reopened its Hamburger Meile shopping centre in Hamburg following a major refurbishment which has extended the shopping promenade to a length of more than 600 metres. The heart of the new section is a large food court and includes a Rewe grocery store, ...
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PropertyEU Archive
Segro buys 50% of BAA's Airport Property Partnership
Segro, the UK-based provider of flexible business space, has announced the acquistion of BAA's 50% interest in the Airport Property Partnership (APP) for £111.3 mln (EUR 128 mln) in cash. APP is a 50/50 joint venture with Aviva Investors, focused on airport-related industrial assets in and around major UK airports.
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PropertyEU Archive
Unibail-Rodamco sees turnover fall after disposals
Unibail-Rodamco saw gross rental income from its shopping centres rise in the first three months of this year to EUR 263.2 mln from EUR 259 mln in the year-earlier period. All countries contributed to the increase with the exception of the Netherlands where the Franco-Dutch concern sold a number of ...
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PropertyEU Archive
AEW Europe/Tristan complete Eroski sale & leaseback
European Property Investors Special Opportunities, (EPISO), a fund co-managed by AEW Europe and Tristan Capital Partners, has completed the sale and leaseback of more than 10 retail units across Spain for approximately EUR 150 mln. The assets, located throughout Spain, total around 120,000 m[sup]2[/sup] and are let primarily to Eroski, ...
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PropertyEU Archive
Triton eyes knock-down price for Karstadt
German-Swedish financial investor Triton appears to be the sole bidder for insolvent German department-store chain Karstadt. However, according to those who track the market, it is likely to have requested a knock-down price of around EUR 30 mln.
