Latest reports – Page 3187
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PropertyEU Archive
NewRiver and Morgan Stanley launch UK retail JV
AIM-listed NewRiver Retail announced on Monday that it has formed a co-investment joint venture with Morgan Stanley Real Estate Investing (MSREI) to acquire UK retail property assets.
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PropertyEU Archive
Carrefour teams up with Marinopoulous in the Balkans
French hypermarket chain Carrefour said that it is joining forces with Greece's Marinopoulous to develop hypermarkets and supermarkets in the Balkan region. In a statement this week, Carrefour announced the creation of a new joint venture which will seek expansion in Albania, Bosnia, Croatia, Macedonia, Montenegro, Serbia and Slovenia.
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PropertyEU Archive
Carlyle gets green light for Italian asset management unit
US private equity group Carlyle has received the go-ahead from the Bank of Italy for the launch of an SGR real estate asset management unit, a Carlyle spokesperson told PropertyEU on Monday. The new subsidiary will be led by CEO Guido Audagna, currently managing director of Carlyle in Italy.
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PropertyEU Archive
Schroders set for Italian acquisition spree
UK asset manager Schroders has a EUR 450 mln warchest for potential acquisitions in the Italian commercial property market, Marina Bottero, the group's newly-appointed head of fund management in Italy told PropertyEU in an interview. According to Bottero, Schroders has raised around EUR 180 mln of equity from a range ...
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PropertyEU Archive
Corio acquires factory outlet development in Toulouse region
Retail property specialist Corio has acquired 75% of the shares of the first phase of the Moulin de Nailloux factory outlet development in the Toulouse region of France for EUR 44 mln. The investment volume reflects a net yield of 8.4%.
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PropertyEU Archive
CMBS investors approve Karstadt debt restructuring
Bondholders of a CMBS vehicle secured against a Karstadt department store portfolio have given approval for a major debt restructuring, giving some breathing room to the landlords after the German retailer filed for insolvency in June last year.
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PropertyEU Archive
Realia sees loss widen to EUR 54m in 2009
Spanish property company Realia said its net loss increased by 18% to EUR 54 mln in 2009, mostly as a result of hefty writedowns in its property protfolio. Realia, which is controlled by construction group FCC and Spanish lender Caja Madrid, saw the value of its portfolio shed nearly 12% ...
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PropertyEU Archive
Metrovacesa sells Madrid hotel for EUR 50m
Spanish property group Metrovacesa has sold the Hotel Husa Paseo del Arte in Madrid to César Losada, a Spanish businessman and the majority owner of the hotel investment fund Losan Hotels World. The transaction, which will be carried out through a vehicle fully owned by Losada, amounts to around EUR ...
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PropertyEU Archive
IVG introduces sustainable compensation model for Board
IVG Immobilien has developed a new compensation and incentivisation model based on sustainable and measurable performance, the German listed company announced on Monday. IVG’s Board of Management and Supervisory Board agreed at the end of 2009 that the standardised model will apply not only to members of the Board of ...
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PropertyEU Archive
Angela Cain named as CEO of CoreNet Global
Angela Cain has been appointed CEO of CoreNet Global, the professional association for corporate real estate (CRE) executives, service providers and economic developers.
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PropertyEU Archive
Aberdeen acquires Finnish mall from Redevco
Aberdeen European Balanced Property Fund has acquired the Turun Sampotalo property in Finland from Netherlands-based retail property specialist Redevco. The parties agreed not to disclose the purchase price but Redevco acquired the retail and office asset in 2006 for EUR 20 mln.
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PropertyEU Archive
European office rents stabilising: CBRE
The effects of the economic crisis on demand for office space varied across the world’s major office markets in 2009, and there are now widespread differences in their rental characteristics, according to CB Richard Ellis' new Global Office Rental Cycle report.
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PropertyEU Archive
HIH buys London office scheme for EUR 124m
HIH Global Invest has acquired an office property in London from German open-ended property fund Degi International for £110 mln (about EUR 124 mln).
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PropertyEU Archive
Delancy takes 28% stake in Bournemouth mall
Delancey has acquired a 28% partnership interest in the Castlepoint Shopping Park in Bournemouth on behalf of its £1bn (EUR 1.1 bn) European evergreen fund. The UK real estate firm said it clinched the deal following a 'hard fought confidential bidding process'.
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PropertyEU Archive
Reassessing sovereign risk
A salient theme that has emerged from the global financial crisis, and the one that has dominated the headlines ever since Dubai and Greece have stoked fears of a default on their debts, is sovereign risk, writes Nicholas Spiro in his column in the upcoming issue of PropertyEU. Broadly defined ...
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PropertyEU Archive
Eroski close to further leaseback deals
Spanish supermarket group Eroski is near to concluding further sale-and-leaseback transactions of property assets following on from the recent EUR 74 mln disposal of supermarkets to US investor WP Carey, PropertyEU has learned.
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PropertyEU Archive
P3 signs solar panel JV with SolOps
European logistics park developer and operator PointPark Properties (P3) has signed a deal with solar park operator SolOps to rent the roofs of its distribution halls in the Czech Republic. The company said on Wednesday that it will rent out the 335,000 m[sup]2[/sup] roof in its PointPark Prague D1 ...
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PropertyEU Archive
Panattoni, SLI sell Polish project to Credit Suisse
US-based logistics property company Panattoni has confirmed the sale of a 28,000 m[sup]2[/sup] logistics project in Myslowice, Southern Poland to Credit Suisse. A Panattoni spokesperson told PropertyEU that the development was held in the Select Property Fund, a vehicle managed by Standard Life Investments which partnered with Panattoni in the ...
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PropertyEU Archive
Rockspring secures EUR 74m of transactions for UK value fund
Rockspring Property Investment Managers announced on Friday that it has exchanged on its first three acquisitions totalling £66 mln (EUR 74 mln) on behalf of its UK Value Fund. The transactions were in Tyne, London and Aberdeen.
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PropertyEU Archive
Sunter appointed to CBRE valuations department in Stockholm
CB Richard Ellis has appointed Duncan Sunter to its valuation department in Stockholm. Sunter will be to be responsible for relations with international banks and funds.
