Latest reports – Page 3163
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PropertyEU Archive
JLL names 8 international directors in EMEA region
Global real estate advisor Jones Lang LaSalle has announced a raft of international director promotions, including eight in the EMEA region. seven of these are London-based. JLL said international directors are recognised for driving the firm's growth, delivering exceptional results to clients, demonstrating the firm's values, and providing leadership to ...
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PropertyEU Archive
Morgan Stanley fund facing further handovers
Morgan Stanley's troubled MSREF VI International fund is facing further handovers, following the fund's warning in a document to investors that it could hand back the keys to some of its properties, including German assets.
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PropertyEU Archive
C&W Russia names Popov as executive director
Cushman & Wakefield Russia has announce the appointment of Kirill Popov as executive director. Kirill will focus on coordinating the activities of Office Agency, Retail and Capital Markets Departments.
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PropertyEU Archive
UBS Sima to raise EUR 370m for acquisitions
Swiss fund manager UBS said it will seek to raise up to CHF 530 mln (EUR 370 mln) for its Sima property fund to finance acquisitions. The operation, which will take place from 22 to 30 April, is the first capital hike carried out by the fund since 2002.
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PropertyEU Archive
Jolly takes reins at new Cadena Group
Cadena Group has announced the appointment of Chris Jolly as its first CEO. Jolly was previously a non-executive director of Cadena Group, which is the parent company of Pradera, the specialist retail fund manager. Cadena Group's formation follows the reorganisation of Cadena Holdings and Pradera last month, which saw Cadena ...
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PropertyEU Archive
NBG launches EUR 1bn property investment unit
The National Bank of Greece (NBG) has announced the launch of a new property investment arm which will focus on investment and management of real estate assets. The new unit, called NBG Pangaea Real Estate Investment Company, is fully owned by NBG and controls a portfolio of 241 commercial properties ...
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PropertyEU Archive
RICS names Tompkins as new CEO
The Royal Institute of Chartered Surveyors (RICS) has named Sean Tompkins as its new CEO. Tompkins, currently the organisation's chief operating officer, will replace Louis Armstrong who is to retire later this year.
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PropertyEU Archive
Vodafone names four preferred property advisers
Vodafone has awarded preferred supplier status to four property consultants. The mobile phone giant said the move is designed to improve operational efficiencies through the consolidation of the number of agents it deals with internationally.
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PropertyEU Archive
Morgan Stanley set to book $5.4 bn property loss
Morgan Stanley has warned investors that its $8.8 bn (EUR 6.5 bn) MSREF VI fund could lose as much as $5.4 bn (EUR 4 bn) after being forced to take writedowns or hand back the keys on a range of investments around the globe including Europe. The news, which was ...
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PropertyEU Archive
Deka acquires Kranhaus Sud in Cologne for EUR 65m
Deka Immobilien announced on Wednesday that it has acquired the Kranhaus Süd office building in the Rheinauhafen district of Cologne. The investment volume comes to around EUR 65 mln.
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PropertyEU Archive
Watson to head core funds at LaSalle
LaSalle Investment Management announced that Andy Watson, an international director in the Paris office, has taken on a newly created role as head of Core Funds and Separate Accounts, Continental Europe.
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PropertyEU Archive
Allianz closes on Budapest's Allee
Global property adviser Jones Lang LaSalle has confirmed that Allianz Real Estate Germany has acquired 50% of Allee Shopping Centre in Budapest for a price exceeding EUR 100 mln. ING Real Estate Development, the developer of the centre, is retaining the other 50%.
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PropertyEU Archive
De Poulpiquet rejoins Morgan Stanley
Morgan Stanley Real Estate Investing has appointed Olivier de Poulpiquet as its new European Head. The appointment is effective from 1 May. De Poulpiquet replaces Marco Polenta, who is leaving the company to pursue opportunities outside of Morgan Stanley.
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PropertyEU Archive
LGP acquires shed project for EUR 53 mln
Legal & General Property has agreed to acquire a distribution centre project in the UK from Goodman for 47 mln (EUR 53 mln). Goodman, a global provider of industrial and business space, announced this week that it will commence development of the pre-let 43,484-m[sup]2[/sup] regional distribution centre (RDC) at Andover ...
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PropertyEU Archive
IVG clinches major leasing deals
IVG Immobilien, the largest listed real estate firm in Germany, has signed leasing contracts for almost 40,000 m[sup]2[/sup] of office space. The leasing success, IVG said, was helped by a slight improvement in employment levels.
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PropertyEU Archive
German banks provide refinancing for Warsaw office project
Berlin Hyp and Landesbank Berlin said on Wednesday that they have jointly provided refinancing totalling more than EUR 34.7 mln for the construction of the Harmony Office Center in Warsaw. The borrower is the Harmony Office Center vehicle and the loan has a five-year term.
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PropertyEU Archive
Over £3 bn of City offices for sale in London
Over £3 bn (EUR 3.4 bn) of office real estate is up for grabs in the City of London as owners seek to take advantage of a gradual recovery in the market, according to Andrew Hawkins, head of JLL's City Investment division. 'We expect investment volumes to be up by ...
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PropertyEU Archive
Banca Italease sells Milan HQ for EUR 60m
Banca Italease has sold its headquarters on Piazzale Cadorna in Milan to energy group Edison for around EUR 60 mln. The disposal is part of Italease's decision to relocate to a new office building at Via Stile. The transaction price is about 9% more than the EUR 55 mln book ...
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PropertyEU Archive
HSBC Reim acquires Paris office properties for EUR 40m
HSBC Real Estate Investment Management has acquired 3,600 m[sup]2[/sup] of office space within the Tour Franklin at Paris' business district of La Defense as well as an office building offering 2,600 m[sup]2[/sup] of space in the seventh arrondissement of Paris. The transaction price amounts to EUR 39 mln.
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PropertyEU Archive
Westimmo grows lending 13% in 2009
German financier Westimmo reported that its commercial property financing grew to EUR 6.2 bn last year, 13% above the previous year' s result. Only 12.5% of total new business related to loan extensions.
