Latest reports – Page 3224
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PropertyEU Archive
Four Seasons loan refinanced after 15 months: Hatfield Philips
Hatfield Philips, Europe's largest independent primary and special servicer, announced on Wednesday that the £1.2 bn (EUR 1.3 bn) Four Seasons Healthcare care homes (Four Seasons Loan) had been successfully restructured. In total, over 30 parties had to agree to the restructuring which took 15 months of hard negotiation and ...
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PropertyEU Archive
Sonae Sierra receives first safety & health cert for mall construction
Sonae Sierra has become the first company in Europe to obtain a Safety & Health certification for the management of the construction of a shopping centre.
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PropertyEU Archive
Vivacon sells residential portfolio and ceases PM activities
German listed real estate group Vivacon has announced the sale of a residential portfolio and the firm's 80% stake in property manager Curanis Holding to German firm Consus Property Group. The financial details were not disclosed.
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PropertyEU Archive
Signs of stability in European office markets: CBRE
Take-up in the EMEA office market rose in the third quarter of 2009, despite continued low leasing activity levels compared to 2008, according to CB Richard Ellis' latest EMEA office market research. Across the region, aggregate take-up in Europe increased slightly in the third quarter of 2009, but leasing activity ...
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PropertyEU Archive
DTZ awarded largest mixed-use management contract in CEE
Global real estate adviser DTZ has been awarded a 5-year contract by international developer Ballymore Properties to carry out retail property and asset management services for the new landmark 230,000-m[sup]2[/sup] Eurovea scheme in Bratislava, the largest mixed-use commercial development in Central Europe.
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PropertyEU Archive
PEPR gets EUR 93m financing from two banks
Euronext-listed Prologis European Properties said it has closed on about EUR 92.8 mln of secured financing with two European banks. The loan will be used to refinance outstanding debt.
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PropertyEU Archive
Consortium provides EUR 210m refinancing to Bicester outlet village
A consortium of banks has advanced a £190 mln (EUR 210 mln) loan to Bicester Village in Oxfordshire. Bicester Village is managed by Value Retail under the Chic Outlet Shopping Villages in Europe brand. The centre features over 130 luxury designer brands. WestImmo Bank said that after 14 years the ...
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PropertyEU Archive
Helaba finances Procter & Gamble UK headquarters investment
German lender Helaba said it has arranged a Shariah-compliant investment facility of £19.71 mln (EUR 22 mln) for Gatehouse Bank's purchase of the UK headquarters of Procter & Gamble. This is the first Shariah-compliant financing facility completed by Helaba in the UK
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PropertyEU Archive
Colliers Romania opposes double commissions in investment transactions
Colliers International is the first Romanian investment team to announce publicly they will only charge fees to one side of a transaction with a commercial property.
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PropertyEU Archive
Atrium on takeover trail in Poland and Czech Republic
Developer Atrium European Real Estate is seeking acquisitions in Poland and Czech Republic, a spokesman for the retail developer confirmed. 'The company plans to use its funds to buy good quality income-producing assets. These two countries are particularly attractive, but we will look elsewhere if the assets are good.'
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PropertyEU Archive
Asian fund body endorses the Inrev guidelines
The Asian Association for Investors in Non-listed Real Estate Vehicles (Anrev) and its European counterpart, Inrev, have announced Anrev is endorsing the Inrev Guidelines in Asia. The two bodies have also agreed on the sharing of expertise on research projects and data systems.
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PropertyEU Archive
Skandia fund acquires UK retail warehouse for EUR 24m
Skandia Property Fund, which is managed by ING REIM, has purchased a retail warehouse in the UK for £21.7 mln (almost EUR 24 mln). The 8,300-m[sup]2[/sup] modern retail unit in Halesowen, West Midlands is let to DIY and home improvement retailer B&Q.
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PropertyEU Archive
VastNed Retail expands holdings in Istanbul
Pan-European property investment fund VastNed Retail has acquired two high street shops in Bahariye Street in Istanbul for EUR 4 mln. The shops are located on Bahariye Street 58 and 66B in Kadikoy, on the Asian side of Istanbul. It is one of the very best and busiest streets in ...
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PropertyEU Archive
Youniq sells second student living project in Leipzig
Frankfurt-based Youniq is developing its second student living project in Leipzig with a total of 90 studio apartments on a gross lettable area of 2,660 m[sup]2[/sup] are slated for completion by the summer of 2011. Construction will start in spring of 2010.
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PropertyEU Archive
LaSalle predicts 2010 will be a better year for property investment
LaSalle Investment Management has said 2010 is likely to be reasonably promising for real estate investment across most of the world's markets. The prediction is contained in the 16th edition of LaSalle's Investment Strategy Annual, a survey of, and outlook for, the global real estate markets in 2010.
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PropertyEU Archive
Affine acquires mall in Nimes for EUR 36m
Affine Group has acquired 'Les 7 Collines' shopping centre in the southern French city of Nîmes for EUR 36.3 mln. Affine, a French real estate investment trust or SIIC, said the transaction was carried out by a subsidiary, Capucine Investissements, and financed by Crédit Agricole.
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PropertyEU Archive
Eurostate and SWF-backed fund to target luxury boutique hotels
Barcelona-based real estate manager Eurostate has signed a collaboration agreement with a private hotel investment fund to purchase boutique hotels in the principal cities of Spain and the main European capitals. One of the largest sovereign wealth funds (SWFs) is an investor in the fund, Eurostate said.
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PropertyEU Archive
LFPI buys Le Wilson office scheme from CNP Assurances
French property company Fonciere LFPI has acquired Le Wilson office building in Levallois Perret, in the Ile-de-France region from insurance group CNP Assurances. The complex provides some 12,500 m[sup]2[/sup] of office space entirely let to several tenants. The transaction price amounts to around EUR 50 mln, according to French magazine ...
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PropertyEU Archive
CBRE completes mall jv beside Juventus FC project
CB Richard Ellis Italy's Capital Markets team has successfully formed a joint venture partnership between Italian food retailer Nordiconad and construction firm CMB for the development of a shopping centre adjacent to the new Juventus stadium project in Turin.
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PropertyEU Archive
Goodman sells Panasonic buildings for EUR 31m
Global property group Goodman has completed the sale of two distribution warehouses at Brackmills Industrial Estate in Northampton, UK to clients of BNP Paribas REIM for £28 mln (EUR 31 mln).
