Latest reports – Page 3184
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News
Aegon AM launches fund targeting smaller properties
UK – AEGON Asset Management is the latest fund management group to launch a fund targeting smaller real estate assets in the UK, as the market for prime property becomes increasingly competitive.
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PropertyEU Archive
Metric set to IPO as new UK REIT
Metric Property Investments, a UK-incorporated specialist retail property investment company led by British Land veterans, has announced its initial public offering (IPO) which will make it one of the first real estate investment trusts (REIT) to debut on the stock exchange in the UK.
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PropertyEU Archive
Gecina set to exit Spanish market
French SIIC Gecina has unveiled plans to exit Spain and re-focus its business on its home market. In a statement on the publication of its 2009 annual results, the Paris-listed real estate company said that it is seeking to 'realign the group's activities around France and sectors in which it ...
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PropertyEU Archive
Aviva completes acquisition of Preston mall for EUR 100m
Aviva Investors Property Trust (APIT) has acquired the St Georges Shopping Centre in the UK city of Preston from the Mall Fund. The investment volume of £90 mln (EUR 99.8 mln) reflects a yield of around 7.75%.
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PropertyEU Archive
Risanamento confirms negotiations to sell Falck site
Troubled Italian real estate developer Risanamento has confirmed rumours that it is in talks with a group of investors to divest its vast Falck redevelopment project in Milan's Sesto San Giovanni district. 'Risanamento has started negotiations after being approached by important national and international real estate operators,' the company said.
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PropertyEU Archive
CBRE Investors appoints Jamie Christmas as UK finance director
CB Richard Ellis Investors, the global real estate investment management firm, has announced the appointment of Jamie Christmas as UK Finance Director in the London office.
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PropertyEU Archive
ECE signs EUR 111m financing for Galeria Kaskada
ECE Projektmanagement announced on Monday that it has signed a EUR 111 mln loan contract with the real estate finance division of Landesbank Berlin and Berlin Hyp, for the construction of Galeria Kaskada in Szczecin, Poland. Full-scale construction of the mall will begin now that the financing with the two ...
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PropertyEU Archive
Metrovacesa posts net loss of EUR 880m in 2009
Spain's largest property company, Metrovacesa, reported net losses widened to EUR 880 mln in 2009 mostly due to hefty writedowns of the value of its assets. A year ago, the company reported a loss of EUR 738 mln.
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PropertyEU Archive
HSBC completes EUR 400m sale of French HQ to Ciloger
HSBC France has completed the sale of its head office buildings on the Champs Elysées and Rue Vernet in Paris in a EUR 400 mln sale-and-leaseback transaction. The buyer is an OPCI real estate fund managed by Ciloger.
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PropertyEU Archive
Hatfield Philips enforces EUR 159m Mangusta loan
Hatfield Philips announced that it has enforced the EUR 159 mln Mangusta loan following the transfer by the borrower of its interest in the loan from German domiciled entities to an Austrian domiciled entity.
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PropertyEU Archive
Invesco spends EUR 80m in Germany and Spain
Invesco Real Estate announced on Monday that it has secured two additional assets in Munich and Madrid for a pan-European fund for a total investment of about EUR 80 mln. The pan-European fund has raised an additional EUR 61 mln of new capital from two new clients and Invesco ...
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PropertyEU Archive
Paris court limits Coeur Defense's creditor protection
A French appeals court has ruled against an extension of the protection plan proposed by the owners of Paris skyscraper Coeur Defense. The 182,000 m[sup]2[/sup] complex, which was acquired by Lehman and Atemi for EUR 2.1 bn in July 2007, has been at the centre of a conflict between the ...
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PropertyEU Archive
Schroders makes EUR 36m purchase for Italian fund
UK asset manager Schroders has announced the first acquisition for its Schroders Italian Property Fund II. As reported earlier this week by PropertyEU, the company has bought a modern office building of some 12,300 m[sup]2[/sup] located in the San Donato district of Milan. The transaction price amounts to around EUR ...
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PropertyEU Archive
Corporates to boost demand for office space: C&W
Cushman & Wakefield is forecasting that demand for office space from corporates is likely to increase again and reduce supply in 2010 as some major economies return to growth. Indeed, the second half of 2010 will be one of recovery and cautious optimism from both landlords and occupiers, the adviser ...
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PropertyEU Archive
Knight Frank Property Search now available on the App Store
Global real estate adviser Knight Frank announced its Knight Frank Property Search App is now available from the App Store. The application enables users to search across more than 6,000 of the world's best properties for sale or rent using their iPhone or iPod touch.
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PropertyEU Archive
Invista completes over £38m of acquisitions
Invista Real Estate Investment Management has completed the purchases of office assets in the UK for approximately £38 mln (EUR 42 mln).
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PropertyEU Archive
Multi's SouthGate Bath already 85% leased
Phase One of SouthGate Bath is now over 85% let just four months after opening its doors to the public, developer Multi Corporation has announced. O2, Game and Tommy Hilfiger are, together with an international technology brand, the latest retail names to invest in SouthGate and all will have stores ...
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PropertyEU Archive
CEE investment market set to grow again in 2010
Investors are re-emerging in the long-troubled Central and Eastern European (CEE) market, bidding up the prices of core properties in an investment sector that remains slow. Tomasz Trzóslo, head of JLL's Capital Markets team in CEE told PropertyEU in an interview that the increase in investor interest 'will ultimately lead ...
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PropertyEU Archive
CBRE manages Quinlan's Neumarkt Galerie in Cologne
Quinlan Private has appointed CB Richard Ellis (CBRE) to manage Neumarkt Galerie in Cologne. The 32,441-m[sup]2[/sup] centre is anchored by Karstadt Sports and is famous for its striking architecture.
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PropertyEU Archive
Polish investment levels to rise after hitting 6-year low: JLL
Polish real estate transaction levels are set to rise after the investment market hit a six-year low in 2009, according to Jones Lang LaSalle. The property adviser's Warsaw City Report Q4 2009 suggests that while there is rather limited activity in the market in comparison to 2006 and 2007 there ...
