Latest reports – Page 3171
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News
Investors seek Nordic expansion
GERMANY/NORDICS – Institutional investors in Germany have asked Schroders to increase the size of their fully invested Nordic fund and given permission to the fund manager to raise additional equity from new investors.
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News
CalPERS to invest $1.3bn in infrastructure in 2010
UNITED STATES - California Public Employees Retirement System wants to invest as much as $1.3bn (€961.5bn) in infrastructure during 2010.
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News
APG and Corio to invest €1.3bn in European retail
EUROPE – Pension fund asset manager APG has agreed to help listed real estate company Corio raise enough capital to acquire more than €1.3bn worth of retail assets in Europe.
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PropertyEU Archive
'Windows of opportunity open up in Eastern Europe'
Europa Capital is set to make a comeback in Eastern Europe after an absence of nearly two years. Tim Norman, fund manager of the Europa Emerging Europe Fund I, told PropertyEU in an interview that the company has an active pipeline of deals of over EUR 100 mln in its ...
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PropertyEU Archive
Finadvice completes EUR 60m worth of deals in Finland
Scandinavian real estate services firm Finadvice has brokered EUR 60 mln worth of transactions in Finland since it was launched in autumn 2009 by two former managers of Royal Bank of Scotland's Nordic arm, Sami Jarvelainen and Anders Nordlund, in partnership with Harri Saravuo and Joni Koski, who joined from ...
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PropertyEU Archive
IVG posts positive figures after 'turnaround' in 2009
IVG said on Thursday that its final figures for 2009 confirm a turnaround in fortunes for the German listed real estate giant. Earnings before interest and tax came to just over EUR 64 mln in the last fiscal year compared to minus EUR 98.6 mln in 2008.
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PropertyEU Archive
Sonae Sierra's LeiriaShopping welcomes public
Sonae Sierra welcomed the public to its newly opened LeiriaShopping Centre in Leiria, Portugal on Thursday. The new 44,300-m[sup]2[/sup] shopping centre is fully let and represents an investment of EUR 79 mln.
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PropertyEU Archive
Corio acquires part of Multi's portfolio for EUR 1.3b
Listed retail property investor Corio said on Thursday that it has agreed to acquire operational shopping centres and development projects from Multi Corporation for EUR 1.3 bn.
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PropertyEU Archive
Axel Wieandt resigns as CEO of Hypo RE after management clash with Soffin
Axel Wieandt resigned has unexpectedly as chairman of the management board of Hypo Real Estate after a clash with the German bank rescue fund Soffin about the management of the nationalised property lender. Hypo RE is the holding company of the troubled German commercial property lender which operates under the ...
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PropertyEU Archive
CBRE secures 6,000 m[sup]2[/sup] for AWT in Belgrade
CB Richard Ellis (CBRE) has acted for consumer goods group AWT International in the leasing of 6,000 m[sup]2[/sup] of high-tech office and warehouse space in a prime logistics location in Belgrade.
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PropertyEU Archive
GVA Outlets goes on Eastern European development spree
GVA Outlets announced the opening this week of the biggest outlet centre in Sofia, Bulgaria and said it has started development of a second site in Bucharest, while a number of other projects are in progress in Slovenia, Serbia and Russia.
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PropertyEU Archive
Liebrecht & Wood buys 60% of Warsaw tower project
Belgium's Liebrecht & Wood is joining forces with Polish real estate builder BBI Development to construct a new 90-metre high skyscraper in the Polish capital. The two business partners said they are planning to invest a total of around PLN 155 mln (EUR 40 mln) in the construction of the ...
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PropertyEU Archive
Two activist Orco shareholders seek to oust founder Ott
Two shareholders in the troubled Orco Property Group are seeking to remove the current board, including founding partner Jean-Francois Ott who holds the positions of chairman and CEO.
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PropertyEU Archive
Ballymore opens Eurovea Galleria in Bratislava
Irish developer and investor Ballymore Group announced that its multi-purpose Eurovea complex is opening to the public. Following the opening of the 5-star Sheraton Hotel Bratislava on Wednesday, the retail, leisure & entertainment part of the development opens on Friday.
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PropertyEU Archive
Commerz Real acquires hotel in Berlin for EUR 23m
Commerz Real has acquired a hotel project development in Berlin on behalf of its open-ended hausInvest europa real estate fund. The investment volume comes to around EUR 23 mln.
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PropertyEU Archive
Savills and Knight Frank act in Liberty store sale
International real estate adviser Savills has confirmed it acted for Sirosa Liberty in its acquisition of the freehold interest in London department store Liberty for £41.5 mln (EUR 46 mln). The investment volume reflected a yield of 4.8%.
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PropertyEU Archive
Ikea's Port Lodz opens in Poland
Ikea Center Poland opened the EUR 200 mln Port Lodz shopping centre on Wednesday. The realisation of the project has taken about 16 months.
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PropertyEU Archive
Commerz Real to merge hausInvest funds into EUR 12.5b giant
Commerz Real is to merge its two open-ended real estate funds, hausInvest europa and hausInvest global, later this year. The merger scheduled for September will create the largest open-ended real estate fund in Europe, with a volume of about EUR 12 bn. The investment focus for the merged hausInvest fund ...
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PropertyEU Archive
UK hotels may be checked into capex time bomb: Christie +Co
The lack, and misallocation, of capital expenditure could see a significant number of hotels miss the initial phase of a recovery that is moving ever closer, and also impact on their long-term viability, according to Christie + Co.
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PropertyEU Archive
Treveria Asset Management names ex-banker as CFO
Treveria, the German retail-focused investment company, said it has appointed Bernhard Fuhrmann as chief financial officer at its subsidiary Treveria Asset Management (TAM) with immediate effect. The appointment follows that of Michael Neubuerger as chief executive officer of TAM.
