Latest reports – Page 3236
-
News
Unite signs real estate deal with popular M&G fund
UK – Student housing specialist manager Unite has agreed to a sale-and-leaseback arrangement for one of its flagship assets in Bristol with the M&G Secured Property Income Fund for a total cash consideration of £21.5m (€24m).
-
News
Avon pension fund to invest in secondary real estate
UK – The Avon Pension Fund will invest through the secondary market to gain access to real estate funds via its recently-appointed global property investment manager.
-
News
Fimit and Pirelli eye asset pooling 'merger'
ITALY – Real estate investment management company Fimit, which is partly owned by Italian pension funds, is planning to merge with real estate arm of Pirelli.
-
PropertyEU Archive
Hammerson France boss resigns
Hammerson announced on Monday that Christophe Clamageran, managing director of Hammerson France, has resigned from the board with immediate effect. He will be taking up a senior position at a major quoted French real estate company.
-
PropertyEU Archive
IVG acquires multi-let property in Brussels CBD
IVG, represented by real estate advisor Savills, has acquired a multi-let office building in Brussels CBD for an undisclosed figure. The building totals 4,400 m[sup]2[/sup] and is located at Rue Guimard 7 in the vicinity of Square Frere Orban behind Avenue des Arts.
-
PropertyEU Archive
Aker acquires development land from SPDE for EUR 44m
Scandinavian Property Development (SPDE) announced on Monday that engineering and construction services group Aker Solutions has exercised an option to purchase two of its commercial land properties in Norway for a total of NOK 366 mln (EUR 44 mln).
-
PropertyEU Archive
Milan court approves Risanamento's restructuring plan
A Milan court has given the long-awaited go-ahead for the restructuring of Italian troubled real estate developer Risanamento. The court ruled that a EUR 500 mln debt restructuring programme, combined with the issue of EUR 350 mln of convertible bonds, was sufficient to keep the company afloat for the coming ...
-
PropertyEU Archive
Icade sells EUR 2bn housing portfolio
French property company Icade said it has signed an agreement with Société Nationale Immobilière (SNI), representing a consortium of 25 social housing investors, to dispose of its residential portfolio worth some EUR 2 bn.
-
PropertyEU Archive
Cordea Savills buys Aurealys building in Lyon
Pramerica, the property arm of US financial group Prudential Financial, has sold the Auréalys office building located in the French city of Lyon to Cordea Savills' European Commercial fund. The financial details of this transaction were not disclosed. The property was owned by IVG's Europroperty Fund, which is managed by ...
-
PropertyEU Archive
European bank take-up down 53% as London bounces back: C&W
European financial capitals can expect subdued performance in terms of banking office take-up as the wider sector remains on the cusp of significant change, according to Cushman & Wakefield's new European Banking Briefing. The retail banking sector in the UK can also expect to undergo a sea change over the ...
-
PropertyEU Archive
Menno Maas leaves ING Real Estate Development
Menno Maas is stepping down as CEO of ING Real Estate Development in January 2010. His departure is a joint decision by ING and Maas himself, according to reliable sources. ING announced in a press release on Monday that Maas is leaving on 31 January 2010 'to pursue his career ...
-
PropertyEU Archive
PEPR to launch EUR 61m preferred equity offer
Euronext-listed Prologis European Properties, one of Europe's largest owners of modern distribution facilities, said it intends to raise EUR 61 mln of new equity in the form of fully underwritten perpetual convertible preferred units. PEPR intends to use the net proceeds from the offering to reduce outstanding debt and for ...
-
PropertyEU Archive
UK posts third monthly capital growth: IPD
UK commercial property has posted the third consecutive month of capital growth in October, at 1.9%, according to the IPD UK Monthly Index. The year-to-date capital growth is now -10.5%. Since the market's upturn, which began modestly in August, UK commercial property has produced a compounded 3.2% capital growth. This ...
-
PropertyEU Archive
Klepierre boosts presence in Northern Italy
French listed property company Klépierre has signed an agreement with the Italian group Finiper to acquire an additional 21.3% interest in IGC, the owner of nine shopping centres located in the vicinity of Milan. The EUR 76.5 mln acquisition should be completed by year-end, the Paris-listed company said.
-
PropertyEU Archive
European outlet lobby association to launch at Mapic
A new organisation representing retailers and developers active in the growing outlet sector in Europe will be launched at the Mapic retail real estate fair in Cannes this week.
-
PropertyEU Archive
Multi Development opens Czech shopping centre
Multi Development has celebrated the opening of Forum Ústí nad Labem in the Czech Republic. A large crowd of visitors attended the opening of the largest shopping and leisure centre in the region on 12 November 2009.
-
PropertyEU Archive
Pie Factory bags Toasted Productions
Toasted Productions has become the latest media company to set up home in The Pie Factory, MediaCityUK located at Salford Quays in the UK. The media production company, whose clients include ITV, Universal Records, Girls Aloud, 4Music, iTunes Music Festival, Unilever and Manchester Airport have joined the likes of 24-7(Visual ...
-
PropertyEU Archive
Marcol, Advent JV finalises German clinic deal
US private equity investor Advent International and UK property group Marcol have completed the acquisition of Median Kliniken, Germany's largest private rehabilitation care provider. The acquisition, which has received approval from the European Commission, will see the two business partners take control of 27 rehabilitation and acute clinics at 19 ...
-
PropertyEU Archive
CBRE Investors purchases Lidl in London for EUR 7.8m
CB Richard Ellis Investors has announced the purchase of a Lidl food store at Bridge Street, Pinner in London for £7.07 mln (EUR 7.8 mln). The purchase represents a net initial yield of 4.15% per annum with immediate reversion on the settlement of the outstanding rent review to above 5% ...
-
PropertyEU Archive
RREEF, Liberty sell Chester council HQ for EUR 21m
RREEF Real Estate and Liberty Properties Plc have sold 7,600 m[sup]2[/sup] of office space at the HQ development in Chester to the new Cheshire West and Chester Council in a deal worth approximately £19 mln (EUR 21 mln).
