Latest reports – Page 3196
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PropertyEU Archive
Danone sells its Polish headquarters
Property adviser Cushman & Wakefield announced on Monday that it has represented Danone in the sale-and-leaseback transaction by the French food products multinational of its main office building in Poland. The financial details were not disclosed.
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PropertyEU Archive
Legal & General launches LPI Income Property Fund
Legal & General has launched a new £500 mln (EUR 570 mln) fund product which the UK financial services group said offers Defined Benefit pension schemes an innovative way to invest in property coupled with a secure source of income, primarily government-backed, all with inflation-linkage. The LPI (Limited Price Inflation) ...
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PropertyEU Archive
AEW to invest EUR 3.5 bn in 2010
AEW Europe plans to broker up to EUR 3.5 bn worth of transactions this year in a further sign of recovery for the European property market. The figure compares to around EUR 2 bn worth of deals completed in the course of 2009. In a statement last week, the French ...
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PropertyEU Archive
City of Florence puts EUR 500m portfolio on the market
The Municipality of Florence is seeking to sell EUR 500 mln worth of real estate in an attempt to free funds for investment in infrastructure. The disposal has already been approved by the city council, and is awaiting the final go-ahead by a council of municipality advisors.
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PropertyEU Archive
Prologis European Properties completes EUR 300m financing deal
Goldman Sachs and Deutsche Pfandbriefbank have announced the completion of a new EUR 300 mln financing facility with Prologis European Properties (PEPR). The transaction was arranged by Goldman Sachs as sole arranger, with Deutsche Pfandbriefbank acting as facility agent.
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PropertyEU Archive
Real I.S. seeks KAG status in Germany
Real I.S. has said it intends to launch special funds under German investment law for institutional investors itself in future. To this end, Real I.S. has applied to the German Federal Financial Supervisory Authority (BaFin) for the licensing of its newly founded subsidiary as a German KAG (investment company).
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PropertyEU Archive
Redevco Switzerland sells C&A property in Chur
Redevco Switzerland has sold its C&A property in Chur to Anlagestiftung der UBS für Personalvorsorge (UBS Pension Fund). The property, with a GLA of 2,992 m2, is located in the centre of Chur, Switzerland’s oldest town and the capital of Graubünden (Grisons). The sale reflects its strategy of rebalancing the ...
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PropertyEU Archive
Inrev launches online index tools
Non-listed real estate fund body Inrev is introducing two new index tools to enable fund managers to benchmark performance. Inrev argues that the ability to benchmark performance of funds is already essential in a normal market but even more so in today’s environment.
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PropertyEU Archive
LaSalle secures 12-year lease for Le Viala property in Paris
LaSalle Investment Management has signed a 12-year firm lease with DCNS, a European provider of naval defence systems, for the 12,349-m[sup]2[/sup] Le Viala property located in Paris’ 15th arrondissement, 42 rue du Docteur Finlay. LaSalle was acting on behalf of LaSalle French Fund II.
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PropertyEU Archive
Shell selects CBRE as European retail property advisor
CB Richard Ellis said it has been selected by Shell to provide transaction and portfolio management services across its European retail portfolio in one of the largest recent appointments in the European retail property sector.
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PropertyEU Archive
Schoutens named as chief development officer at Atrium
Atrium European Real Estate (Atrium) has announced the appointment of Thomas Schoutens as chief development officer. Schoutens comes to Atrium from Carrefour Group, the world’s second-largest retailer and the largest in Europe, which he joined in 2003.
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PropertyEU Archive
ING Real Estate buys Dutch properties from Goodman
ING Real Estate European Industrial Fund (ING REEIF), managed by ING Real Estate Investment Management (ING REIM), has acquired two 'Grade A' logistics platforms in Tilburg and Roosendaal, the Netherlands for approximately EUR 42 mln from Goodman Group, on behalf of Goodman European Logistics Fund (GELF).
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PropertyEU Archive
Unibail-Rodamco to acquire Simon Ivanhoe's European portfolio
Unibail-Rodamco has entered into an agreement to acquire Simon Ivanhoe for EUR 715 mln. Under the deal, Europe's largest listed real estate company will gain control of a portfolio of shares in seven shopping centres in France and Poland. Simon Ivanhoe is the jointly held European subsidiary of the Simon ...
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PropertyEU Archive
Sunny Day Capital launched for UK market
Didier Tandy and Stephen McBride, former Valad/Scarborough/Teesland colleagues, have launched a new property investment and development company - Sunny Day Capital - with plans to take advantage of opportunities currently in the UK property market.
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PropertyEU Archive
Irish investor buys Sofia building for EUR 22.5m
Irish property investment company West Incorporated has acquired the Telephone Palace landmark office building in Sofia for EUR 22.5 mln. The company plans to invest more than EUR 100 mln in redevelopiment of the property, located in the heart of Bulgaria's capital city.
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PropertyEU Archive
SibStroyInvest gets EUR 60m financing for Aura mall
SibStroyInvest, a joint venture between Turkish shopping mall developer Renaissance and private equity group Amstar Global Partners, has received a EUR 60 mln debt financing from the European Bank for Reconstruction and Development (EBRD) and UniCredit Bank Austria to fund the development, construction and operation of a Class-A retail and ...
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PropertyEU Archive
AEW Europe sells Benediktinnerring mall
AEW Europe's EPI Oakwood subsidiary has sold the Benediktinnerring shopping centre in Villingen-Schwenningen, in Germany's Black Forest to the German clothing retailer Modepark Röther. The companies agreed not to disclose the purchase price. Kemper's Jones Lang LaSalle advised on the transaction.
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PropertyEU Archive
MIPIM investor registration figures up 12%
Some 2,300 international investors have registered for the 21st edition of MIPIM (Cannes from March 16-19), a 12% increase on the same period in 2009, in a sign of improved confidence in the real estate market and economic recovery, the organisers announced on Thursday.
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PropertyEU Archive
PensionDanmark invests EUR 134m in commercial property
PensionDanmark has acquired five commercial properties for EUR 134 mln and announced plans to 'significantly' increase its exposure to real estate over the next 2-3years. In a recent statement, the Danish pension fund said that it intends to increase its property portfolio to EUR 1.2 bn, from roughly EUR 750 ...
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PropertyEU Archive
TMW Pramerica sells Zurich asset for EUR 40m
Prudential Financial's property investment arm, TMW Pramerica, has sold an office building located in Pfäffikon near Zurich for around CHF 59 mln (EUR 40 mln). The buyer is the French investor Axa Investment Management. The property was held by TMW Immobilien Weltfonds vehicle.
