Latest reports – Page 3201
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PropertyEU Archive
Syntrus Achmea buys Dutch mall from Unibail-Rodamco
Dutch asset manager Syntrus Achmea Real Estate has acquired a shopping centre in the Netherlands from pan-European retail specialist Unibail-Rodamco. The financial details of the transaction were not disclosed. The Carnisse Veste shopping centre is located in Bardendrecht-West and comprises 47 shops over 15,569 m[sup]2[/sup].
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PropertyEU Archive
Berlin Hyp expresses interest in Westimmo
Berlin Hyp has emerged as the first potential bidder for Westdeutsche Immobilienbank (Westimmo) after the Berlin-based bank's chief Jan Bettink told journalists on Monday that he wanted to take a thorough look at the bank to see whether there was a 'strategic fit', according to Financial Times Deutschland.
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PropertyEU Archive
GI Partners backs new fund for distressed German mortgage assets
GI Partners, the trans-Atlantic private equity house, has backed the launch of Elystan Capital Advisers, a Munich-based investment firm targeting mortgage backed assets and the mortgage banking sector in Germany, Austria and Switzerland. According to well-informed sources, GI Partners will provide EUR 100 mln with a view to expanding this ...
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PropertyEU Archive
ULI conference to examine future of opportunity funds
The future of the opportunity fund sector is to be put under the microscope at the ULI Europe annual conference in Paris next week. Aref Lahham, founding partner of pan-European opportunity fund manager Orion Capital Managers and Marc Mogull, managing partner of Benson Elliot Capital Management, will be among the ...
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PropertyEU Archive
20% of UK shopping centres at risk of loan default: BCSC
One in every five shopping centres in the UK is at risk of defaulting on its loans, according to new research presented by the British Council of Shopping Centres (BCSC). The Secondary Centres research establishes the magnitude of the issues facing shopping centre owners and managers - with an estimated ...
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PropertyEU Archive
Carlyle completes acquisitons from Maheu portfolio in Paris
The Carlyle Group announced on Tuesday that it has completed the acquisition of two mixed-use residential/retail buildings in Paris. The properties form part of the EUR 231 mln- Maheu portfolio of 11 buildings that has been put up for sale by a French social security agency. Both buildings are located ...
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PropertyEU Archive
FedEx extends Dutch contract with Valad
FedEx, the largest express company in the world, has extended its contract in the Netherlands with Valad Property Group for a period of five years. The organisation leases 12 units with Valad, covering 3,600 m[sup]2[/sup] of distribution facilities and 2,400 m[sup]2[/sup] of office space, located at the Brequetlaan in Schiphol ...
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PropertyEU Archive
Storage-logistics take-up down 19% in Frankfurt region: NAI apollo
A total of 324,000 m[sup]2[/sup] storage and logistic space was transacted in Frankfurt and the surrounding region in 2009, according to an analysis released by independent real estate consulting group NAI apollo. Compared to the turnover of the previous year this amounts to a decline of about 19% but it ...
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PropertyEU Archive
Hotel transaction volume to increase in 2010: JLL
Hotel investment volume in Europe, Middle East and Africa (EMEA) fell to EUR 2.9 bn in 2009, reflecting the lowest volume of transactions since the late 1990s and a drop of 63% compared to 2008, according to Jones Lang LaSalle Hotels. While 2010 is expected to remain challenging, by the ...
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PropertyEU Archive
P3 enters Romania with new logistics project
PointPark Properties (P3) has signed an agreement with European real estate investment manager Europa Capital to provide transactional and development services for Europa Capital's logistics and industrial project in Cluj, Romania.
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PropertyEU Archive
LaSalle secures lease on major Paris warehouse unit
LaSalle Investment Management has announced that, on behalf of the LaSalle French Fund II, it has completed a lease on a major warehouse unit in Paris, France with POINT P, part of the Saint Gobain Group.
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PropertyEU Archive
Land Securities to make move into property derivatives trading
Land Securities is preparing to invest in property-based derivative instruments that could help hedge exposure to its largest developments, according to a report in the Financial Times. This is the first time the UK's largest property company is making a move outside buying and building physical real estate.
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PropertyEU Archive
City Cinema signs lease at Adora Mall prject in Romania
Multiplex group Cinema City has agreed to lease 3,000 m[sup]2[/sup] at Sonae Sierra's Adora Mall project in Craiova, south-eastern Romania. The decision to establish the largest cinema in the region at Adora Mall bring means the shopping centre is now 60% pre-leased by gross lettable area (GLA).
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PropertyEU Archive
Risanamento sells portfolio to Gruppo Ipi
Italian real estate developer Risanamento said that it has completed the sale of a real estate portfolio consisting of a number of projects and buildable land to Gruppo Ipi for around EUR 43 mln. The disposal, first agreed in August last year, is part of the company's debt restructuring plan.
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PropertyEU Archive
IVBN urges national approach to Dutch office oversupply
Top-down, nationwide control rather than a complete reliance on local planning of new development may be needed to tackle oversupply in the Dutch office market, according to the sector organisation IVBN.
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News
IASB backs down from balance sheet property valuation plans
GLOBAL – The International Accounting Standards Board (IASB) has indicated it will not adopt proposals forcing real estate companies to remove property values and rental income from their balance sheets.
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News
Open real estate fund rules set to change
GERMANY – Large investors in German open real estate funds could be legally prevented from withdrawing their money at any time in situations where the funds are suffering liquidity problems.
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News
Real estate appetite shifts towards tighter core market
EUROPE – European institutional investors have developed a lower appetite for risk and a desire for greater control over real estate investments over the past two years, according to the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
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News
Pramerica to target Mexican pension funds
UNITED STATES- Pramerica Real Estate Investors is creating a commingled investment fund which for the first time will encourage only Mexican pension funds to invest.
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News
Drivas Jones merges with Deloitte
UK – Drivas Jonas, the oldest real estate advisory firm in the UK, has become the first to join forces with one of the ‘big four’ accountancy firms.
