Latest reports – Page 3211
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PropertyEU Archive
Sponda signs EUR 150m loan agreement with Nordea
Finnish property company Sponda said it has reached an agreement with lender Nordea Bank Finland for a new EUR 150 mln unsecured five-year facility. The loan will be used to repay existing debts and will replace short-term credit limits for the same amount that mature in March 2010. The margin ...
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PropertyEU Archive
Invesco acquires City One in Lyon at 6.5% yield
Jones Lang LaSalle, acting on behalf of Invesco Real Estate (IREEF), has acquired the City One building in Lyon from German fund manager Kanam. The asset is situated in the 6th district of Lyon, in the Cité Internationale, with a lettable surface of approx 17,000 m[sup]2[/sup].
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PropertyEU Archive
EPL gets EUR 170m refinancing facility
Westdeutsche ImmobilienBank (WestImmo) acting as agent and Deutsche Pfandbriefbank acting as security agent have provided EPL with a EUR 170 mln refinancing facility for a six office building portfolio. The transaction was arranged, underwritten and completed in a 50/50 club deal on 15 December 2009. EPL was advised by ...
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PropertyEU Archive
Catalyst & JER sell refurbished office property in Brussels
Catalyst Capital Partners and JER have sold an office property in Brussels to a private Belgian investor. No financial details were disclosed, but sources close to the deal said the sales price came to EUR 2.75 mln. Knight Frank's Belgian unit advised the vendor on the transaction.
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PropertyEU Archive
Knight Frank advises on Cofinimmo disposal
Knight Frank's Belgian unit acted as adviser on the sale of a prime office building in the central business district of Brussels last year by Belgian listed company Cofinimmo to Germany's APO Immobilien-Kapitalanlagegesellschaft (AIK). Clifford Chance acted as legal adviser.
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PropertyEU Archive
GOEFs see net inflows of EUR 65m in November
Germany's open-ended property funds recorded net capital inflows of EUR 65 mln in November 2009, a sharp turnaround from the EUR 660 mln in net outflows registered the previous month, new figures from German fund industry body BVI show.
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PropertyEU Archive
London rallies at year-end: C&W
London has recorded its third consecutive quarter of rising investment in commercial property according to new statistics from property adviser Cushman & Wakefield. In Q4 investment volumes rose to just over £3bn (EUR 3.3 bn), up from £1.602 bn in Q3, for an annual total of £6.81 bn. Although ...
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PropertyEU Archive
Herald fund acquires Centre Sud in France for EUR 64m
Henderson Global Investors' EUR 850 mln pan-European retail property fund, Herald has acquired the Centre Sud shopping centre, Le Mans, France from ING Retail Property Fund France Belgium (RPFFB), a commercial investment fund managed by ING Reim, for EUR 64.4 mln.
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PropertyEU Archive
CBRE Investors sells complex in Brussels
CB Richard Ellis Investors, the global real estate investment management firm, has sold the 17,000m² office complex, ‘t Serclaes, to the Hogeschool-Universiteit Brussel (HUB). Financial details were not disclosed.
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PropertyEU Archive
European direct investment to reach EUR 85b in 2010: JLL
Jones Lang LaSalle expects 2010 to be a challenging year for investors to navigate, with recovery uneven across Europe, according to a new report released today, Capital Markets Outlook 2010 - Uneven Terrain. Investors will find it difficult to secure product, to identify value and to establish pricing levels. Many ...
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PropertyEU Archive
Major deals in Q4 boost 2009 office take-up in Brussels
Massive last minute transactions in the final quarter of 2009 boosted office take-up in Brussels over the full year to a total of 400,000 m2, according to a report by Cushman & Wakefield. Major transactions involved GDF Suez taking 75,000 m[sup]2[/sup] in the North Pole and North Star towers developed ...
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PropertyEU Archive
Roland Investments owner of Bonarka City Center
The investor in Bonarka City Center is Roland Investments, a dedicated project company jointly owned by Trigranit Holding (80%), and IPR (20%). The December issue of PropertyEU magazine incorrectly reported that TK Development was the investor.
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PropertyEU Archive
Nabarro concludes two deals for Hermes at year-end
Nabarro LLP has concluded two concurrent deals for its client Hermes REIM ahead of the Christmas break. The first, completed on 23 December, was the acquisition of the 18-property Hawk portfolio acquired from Friends Provident. The portfolio contains high-street retail, office, retail warehouses and multi-let industrial estates with over 100 ...
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PropertyEU Archive
WP Carey enters Spain with EUR 36m retail deal
US investment group W. P. Carey said it has completed the acquisition of a portfolio of Eroski supermarkets in Spain for $51 mln (EUR 36 mln). The Spanish sale-and-leaseback purchase was carried out by CPA(R):17 - Global, one of W. P. Carey's publicly-held REIT affiliates, and comprises 13 retail facilities ...
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PropertyEU Archive
King Sturge predicts best returns for 4 years
2010 will be a boom year for commercial property investment with the best returns for four years, according to Angus McIntosh, Head of Research at London-based King Sturge. He cautioned, however, that the boom year may be a false dawn. 'Total returns may well stay positive but capital values may ...
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PropertyEU Archive
Fimit's Delta fund buys 5 cinemas for EUR 65m
Italian fund manager Fimit said that its listed Delta closed-end property investment fund has acquired a fully-let portfolio consisting of five multi-screen cinemas for a total of over EUR 65 mln. The transaction reflects a gross yield of 7.5%.
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PropertyEU Archive
Colliers International merges with FirstService REA
Colliers International and FirstService Real Estate Advisors have announced they will combine their operations and global real estate services platforms. The combined entity will assume FirstService REA’s operating and partnership model and operate as Colliers International in 61 countries around the world.
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PropertyEU Archive
Vivacon in land deal with Immovation
German listed company Vivacon has sold the Salamander area in Kornwestheim to Immovation Immobilien Handels in Kassel. Financial details were not disclosed.
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PropertyEU Archive
Citadel buys French office building for EUR 33m
Citadel, the French property arm of London-based CLS Holdings, has acquired a 7,357-m[sup]2[/sup] office building at 7 rue Eugène et Armand Peugeot, 92500 Rueil Malmaison from Corio. The consideration inclusive of all costs was EUR 33 mln. The property, built in 1988, was partly refurbished in 2005/06, and substantially ...
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PropertyEU Archive
SEB acquires first property in Austria
SEB Asset Management has acquired its first property in Austria for its SEB Europe REI real estate special fund from Dutch developer Redevco. No financial details were disclosed.
