Latest reports – Page 3206
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PropertyEU Archive
WGF acquires German residential portfolio from Pirelli RE
German property group Westfälische Grundbesitz und Finanzverwaltung (WGF) has acquired a portfolio of 1,187 residential units in Germany from Italy's Pirelli Real Estate for about EUR 56 mln.
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PropertyEU Archive
Conwert achieves EUR 300m sales in 2009
Vienna-listed Conwert Immobilien Invest said it sold properties totalling more than EUR 350 mln in the 2009 financial year based on preliminary figures. The sales target was raised from an original EUR 200 to EUR 300 mln for the full year.
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PropertyEU Archive
Core funds increasingly popular among investors: Inrev
Institutional investors are signalling a return to the fundamentals of real estate investment by opting for core funds, according to the latest Inrev study. The results of the Inrev Investment Intentions Survey 2010 show that close to 70% of investors now prefer core-style funds compared to 38% in 2009. This ...
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PropertyEU Archive
Savills appointed as joint leasing agent for One New Change
Land Securities has appointed Savills to work alongside DTZ on the leasing of the remaining 205,000 sq ft of office space at its One New Change development in the City of London.
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PropertyEU Archive
Aberdeen completes £250m investment into UK property market
Aberdeen Property Investors (Aberdeen) said on Monday that it has acquired around £250 mln (EUR 284 mln) of UK commercial properties in the last three months on behalf of institutional clients. 'Our size and reach in the market has allowed us to complete 15 acquisitions,' said John O’Connor, managing director ...
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PropertyEU Archive
European investment up 42% in Q4: CBRE
European commercial real estate investment turnover grew to EUR 25.7 bn in the fourth quarter (Q4) of 2009, up 42% on the previous quarter, according to new data issued by CB Richard Ellis. This is the highest quarterly total since Lehman's collapse in September 2008, and confirmation that the upturn ...
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PropertyEU Archive
Alexander Zahrt joins Savills in Germany
Alexander Zahrt has joined Savills Immobilien Beratungs as senior investment consultant at its Munich office. The Finanzwirt (IHK) and Certified Financial Planner (EBS) has many years of experience in finance and investment. He last worked for Colliers CRE in London where he was responsible for UK/German investment and prior to ...
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PropertyEU Archive
Pointpark, Panattoni lease 63,000 m[sup]2[/sup] in Poland
Arcapita's logistics property arm Pointpark Properties has signed an agreement with the Polish unit of Portuguese retail group Jeronimo Martins to expand its lease agreement at Pointpark's Mszczonow park in Poland. Following the transaction, JM will occupy over 40,000 m[sup]2[/sup] of warehousing and office space in a dedicated facility within ...
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PropertyEU Archive
CBRE opens office in Rotterdam
CB Richard Ellis (CBRE) has announced that it will open its fifth office in the Netherlands in April 2010. CBRE will build an additional property team in central Rotterdam to complement its existing network of Dutch offices in Almere (Rietmeijer Huisvestingsadviseurs), Amsterdam, Hoofddorp and The Hague.
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PropertyEU Archive
Invesco Real Estate buys in France
Invesco Real Estate has acquired another office building in France for EUR 37 mln from Allianz Real Estate. The deal follows two previous transactions in Paris and Lyon at end-2009. Located on Avenue des Champs-Elysées in Paris, the retail and office building will be placed in Invesco's pan-European fund.
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PropertyEU Archive
Private investors launch Talisman Capital
A number of high net worth investors have backed the launch of a new company - Talisman Capital - to capitalise on the current opportunities in the UK property market. Founded by Mark Hancock and Adam Kerr, the new platform has equity to co-invest and is legacy free. Its management ...
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PropertyEU Archive
Signs of recovery in hotel sector after sharp fall in values
The full impact of the recession continued to hamper transactional activity and reduce average property values across the UK hotel, pub, restaurant, leisure, care and retail sectors during 2009, according to Christie + Co’s Business Outlook 2010 publication.
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PropertyEU Archive
Azora buys Cristal Park
Yareal Polska has sold the Cristal Park office building in Warsaw to Azora, one of Spain's leading private equity companies with more than EUR 700 mln under management. Completed at end-2009, the deal is just one of a few sales concluded in the Warsaw office market in 2009.
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PropertyEU Archive
Berenberg Invest picks up Paris office scheme for EUR 83m
Berenberg Invest has confirmed the acquisition of an office property in Paris from BNP Paribas Immobilier for just over EUR 83 mln. A spokesperson confirmed to PropertyEU that the investment arm of Germany's Berenburg Bank is contributing the 20,000-m[sup]2[/sup] property in Fontenay-sous-Bois at the south-eastern fringe of Paris to a ...
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PropertyEU Archive
Residential portfolio transactions in Germany exceed EUR 3b
The German market for residential portfolios picked up in 2009, with a significant number of portfolios actively transacted in the second half of the year compared to H2 2008, according to adviser Savills. In total, 107 residential portfolios worth an estimated EUR 3.2 bn and comprising a total of some ...
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PropertyEU Archive
Harbert close to launch third European fund
US investment management firm Harbert Management Corporation is planning to launch a third fund targeting European real estate. The company is set to start the marketing of its Harbert European Real Estate Fund III, which will seek to raise EUR 400-500 mln of equity from third-party investors, private equity magazine ...
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PropertyEU Archive
CBRE names new head of Sweden
CBRE has appointed Johan Elfstadius to the position of managing director of CBRE's Swedish business. Before joining CBRE, Elfstadius was managing director and CEO of Colliers International's Swedish arm. He brings over 10 years of local market knowledge and experience to CBRE's rapidly growing Nordic operations. He will join the ...
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PropertyEU Archive
KGAL sells Alba unit to Strauss & Partner
German fund manager KGAL has sold its fully-owned Alba BauProjektManagement unit to the Austrian group Strauss & Partner Immobilien. The transaction is part of KGAL's strategy aimed at focusing on the creation and marketing of closed-end funds, the company said.
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PropertyEU Archive
MOT sells Frankfurt property for EUR 39m
Macquarie Office Trust has agreed terms to sell its Frankfurt property for EUR 39.5 mln (A$61.7 mln). MOT said the sale would contribute further to the Trust''s liquidity and eliminate the need for the Sydney-listed trust to inject EUR 3.8 mln into the loan facility for this property.
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PropertyEU Archive
Arab Investments buys Sankt Annen Galerie for EUR 53m
London-based Arab Investments has acquired the Sankt Annen Galerie shopping and leisure centre in Brandenburg an der Havel, Germany from High Gain House Investments (HGHI Berlin). The transaction, which is being financed by Eurohypo, involves an investment of around EUR 53 mln. Savills advised Arab Investments on the acquisition.
