Latest reports – Page 3160
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PropertyEU Archive
OVG delivers leased property in Rotterdam for SWIP
Developer OVG Projectontwikkeling has delivered the 12,000-m[sup]2[/sup] Vancouver office building in Rotterdam for Scottish Widows Investment Partnership's European Balanced Property Fund (SWIP EBPF).
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PropertyEU Archive
AEW and Mountgrange raise EUR 23m from asset sales
A joint venture vehicle managed by AEW Europe/Tristan Capital Partners and Mountgrange Investment Management has sold two assets for a total of £20.3 mln (EUR 23 mln) from a portfolio acquired in September 2008.
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PropertyEU Archive
ING REIM takes over Creed fund in Asia
ING Real Estate Investment Management Asia (ING REIM Asia) announced on Tuesday that as of 16 April 2010 it has assumed the management of Creed Real Estate Partners, a private equity real estate fund in Japan.
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PropertyEU Archive
Dutch resi fund launches first European CMBS in 2010
Vesteda, the Dutch residential property investment fund, has launched a EUR 350 mln commercial mortgage-backed securitisation (CMBS) issue for its Vesteda Residential Funding II BV programme.
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PropertyEU Archive
Deka invests EUR 34m in Bremen logistics centre
Deka Immobilien has acquired the Daimler Plant Consolidation Center (PCC) in the German city of Bremen for EUR 34 mln. The vendor was local company GfG.
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PropertyEU Archive
The Charities Property fund buys Tesco store
Cordea Savills has completed the acquisition of a Tesco Extra supermarket in Mansfield, Nottinghamshire for £43 mln (EUR 49 mln) on behalf of the Charities Property Fund. The property is let to Tesco on a 20-year lease.
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PropertyEU Archive
WestImmo launches junior debt programme
WestImmo announced on Tuesday that it has expanded its product range with a service called FreshStart to provide junior loans within the zone of historical senior debt metrics, typically at or around 75% LTV.
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PropertyEU Archive
Skanska launches first LEED office project in Poland
Skanska is developing a new office property with a strong environmental profile in the city of Wroclaw in western Poland. Skanska's investment will amount to EUR 22 mln during the first stage of the project, which comprises 12,000 m[sup]2[/sup] of leasable space. Completion is scheduled for the end of 2012.
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PropertyEU Archive
Second-round bids now in for WestImmo
The sale of German real estate lender WestImmo sale is heating up, with second-round bids now in. On Friday, second-round bids were submitted for the Mainz-based bank, which is being sold by it sole shareholder, WestLB. Blackstone, Apollo, Aareal and Terra Firma are all thought to have submitted bids, ...
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PropertyEU Archive
Retail takes 42% share of investment in Q1: CBRE
Investment in European retail real estate reached EUR 8 bn in the first quarter (Q1) of 2010, outpacing office investment activity with a record-high 42% share of total turnover, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Tour Eiffel refinances EUR 100m of debt
Société de la Tour Eiffel has reached an agreement with a banking consortium for the refinancing of around EUR 100 mln of corporate debt.
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PropertyEU Archive
Multi mulls new platforms for CEE and southern Europe
Multi Corporation is considering the creation of a new funds for its shopping centre activities in Central and Eastern Europe. The firm's Polish interests could potentially be included in the new vehicle, Multi chairman Hans van Veggel has told PropertyEU.
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PropertyEU Archive
Invesco invests EUR 37m in Polish facility for Tesco
Invesco Real Estate, the global property investment management firm, has invested about EUR 37 mln in the development of a 57,000m[sup]2[/sup] logistics property in Gliwice, Poland. The property will be used as a central hub by retailer, Tesco Polska, and the development will be carried out by real estate developer, ...
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PropertyEU Archive
Inpgi Hines fund to invest EUR 80m in Rome project
US real estate development firm Hines has unveiled plans to invest around EUR 80 mln over the next three years in a new development project in Rome.
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PropertyEU Archive
Spanish hotel operator buys Hilton Hotel Mallorca for EUR 40m
Spanish hotel operator Gestión T3 has acquired the Hotel Hilton Sa Torre de Mallorca from administrators for nearly EUR 40 mln. The transaction price includes EUR 29 mln of debt provided by Spanish banks Banco Sabadell, Caixa de Catalunya and CAM, with the rest being financed through a capital increase.
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PropertyEU Archive
Stam Europe 'in exclusive talks' with Eroski to buy Spanish malls
French fund manager Stam Europe is in 'exclusive talks' with Eroski, the third-largest food and consumables operator in Spain, to acquire two mid-sized shopping centres in Spain in a sale-and-leaseback transaction, according to well-informed sources close to the process.
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News
Ash cloud forces INREV to cancel Venice conference
EUROPE – INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has been forced to cancel its annual conference, which was scheduled to take place later this week.
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News
UK pension funds hit by Fitch downgrade to real estate debt
UK – MEPC, a specialist business park investment company wholly-owned by BT and Royal Mail pension funds, has had its debt financing downgraded by Fitch.
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News
Aberdeen shoots down growth of pension fund JVs
GLOBAL – Aberdeen Property Investors has defended the indirect real estate investment approach and predicts the recent popularity of joint ventures among large institutional investors will be a short-term phenomenon.
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News
Mercer and Mn Services rethink real estate expertise
GLOBAL – Mercer and Mn Services have bolstered their respective real estate teams
