Latest reports – Page 3238
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PropertyEU Archive
Real I.S. closes equity raising for EUR 300m European fund
Real I.S. has closed the third consecutive fund within the BGV-series for institutional investors after reaching the target volume of EUR 300 mln in capital recently. In total, 27 institutional investors including insurance companies, pension funds, savings banks and trusts have invested in BGV III. The focus of the fund ...
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PropertyEU Archive
Hypo Group posts EUR 574m net loss in Q3
Hypo Real Estate Group, posted a net loss of EUR 574 mln for in the third quarter of 2009, marking the German real estate lender's fifth consecutive quarterly loss. The performance in the July to September period brings the banking group's net loss for the first nine months of the ...
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PropertyEU Archive
Orion moves back into comfort zone
Orion Capital Managers has a good nose for timing. After being a significant vendor in the boom period of 2006-07, in May this year it snapped up the Plenilunio shopping centre in Madrid for a total of EUR 235 mln from Banif Immobiliare, the Santander-managed real estate fund.
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PropertyEU Archive
Adif seeks partner for Spanish development
Administrador de Infraestructuras Ferroviarias (Adif), the Spanish state-owned railway and infrastructure management company, is reportedly in negotiations with a number of local and international property developers for the creation of a new 50/50 joint venture company which will construct shopping centres adjacent to some of Spain's largest railway stations.
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PropertyEU Archive
Great Portland enters development arrangement with Eurohypo
Central London investor-developer Great Portland Estates has announced the acquisition of two developments in the West End of London and the formation of a profit share and debt structuring arrangement with Eurohypo to develop the properties. GPE has acquired the SPV entities which own Marcol House, 289-295 Regent Street and ...
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PropertyEU Archive
STE completes leasing of Paris' Domino project
Société de la Tour Eiffel (STE) has leased over 7,000 m[sup]2[/sup] of office space in its flagship Domino mixed-use project in Paris, increasing the occupancy rate across its development portfolio to over 80%.
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PropertyEU Archive
LaSalle secures four leases at Chelmsford shopping centre
LaSalle Investment Management has announced four new leases at High Chelmer Shopping Centre, Chelmsford. Arcadia brand Topshop/ Topman has renewed the lease of its 855-m[sup]2[/sup] Unit 1 for a further 10 years and will complete a major refurbishment of the store in the New Year to include a double-height ...
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PropertyEU Archive
Mature retail markets are back
The mature markets of Western Europe are back in favour with retail developers and investors, but prime product is thin on the ground, according to research by PropertyEU.
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PropertyEU Archive
Frey wins PPP project for redevelopment in Troyes
French retail property developer Frey has won the competition for the redevelopment of the commercial district of Saint-Parres-aux-Tertres in Troyes, Central France. The project, located southeast of Paris, is a public private partnership (PPP), Frey said.
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PropertyEU Archive
Baltic States economies slow to recover from recession: ICSC
Any significant upturn in retail sales across the Baltic States is unlikely to come until 2011, and in the cases of Latvia and Lithuania, probably not until 2012, making new retail real estate financing almost impossible, according to speakers at the International Council of Shopping Centers (ICSC) Baltic States Retail ...
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PropertyEU Archive
Justin Berry appointed senior director at CBRE
Justin Berry has been appointed senior director in the City Capital Markets team at CB Richard Ellis. Berry will move to London from CBRE’s operations in Moscow, where he is head of capital markets in Russia and a senior member of the international investment group.
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PropertyEU Archive
Spanish government aims to boost the crisis-hit real estate market
Real Estate Investment Trusts (REITs) have been introduced in Spain. Act 11/2009, which came into effect on 28.10.2009, allows listed real estate investment companies to be set up under the name of Sociedades Cotizadas de Inversión en el Mercado Inmobiliario (SOCIMI). The law applies retrospectively for tax assessment periods from ...
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PropertyEU Archive
JLL launches property management service in CEE
Jones Lang LaSalle has announced appointment of Roman Skowronski and Virginie de Baere to lead the roll-out of its property management service in Central and Eastern Europe.
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PropertyEU Archive
L&G acquires office near Heathrow for EUR 29m
Legal & General Property has acquired the freehold interest of No 4 The Square, Stockley Park, near London's Heathrow Airport for £26 mln (EUR 29 mln), representing a net initial yield of 8.76%. The 7,560-m[sup]2[/sup] of Grade A office building was bought on behalf of L&G's Linked Pensions Fund from ...
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PropertyEU Archive
WGF transfers property management to Koch Immobilien
WGF Westfälische Grundbesitz und Finanzverwaltung has transferred the property management for its residential and commercial real estate holdings to Koch Hausverwaltungs in Düsseldorf.
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PropertyEU Archive
FDR buys 50% of Velizy Campus for EUR 191m
French office-focused Fonciere des Regions (FDR) has finalised the acquisition of a 50% stake in the Velizy Campus business park located south-west of Paris, CEO Cristophe Kullmann said the presentation of the company's third-quarter results on Monday. The company, which already owned 50% of the project, is buying the other ...
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PropertyEU Archive
Gallery to open at D2's 23 Savile Row property
Hauser & Wirth, a leading contemporary art gallery, has acquired a new lease on over 12,500 square feet of space in D2 Private's 23 Savile Row property for its new London gallery. This follows the recent opening of Hauser & Wirth's New York gallery.
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PropertyEU Archive
Christie + Co sells boutique hotel to Mantis Group
Christie + Co, acting on behalf of Finisterre Holdings, has sold the leasehold interest of the Lord Milner Hotel, the five-star boutique hotel in Central London, to Adrian Gardiner, owner of the Mantis Group, for an undisclosed sum.
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PropertyEU Archive
Deutsche Pfandbriefbank completes EUR 70m syndication
Deutsche Pfandbriefbank announced on Tuesday that it has returned to the syndication market, placing the majority of the EUR 110m Prologis facility, announced in August 2009, with two German banks.
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PropertyEU Archive
Aareal Bank posts stable result in Q3
German real estate lender Aareal Bank has posted a pre-tax profit of EUR 25 mln in the third quarter of 2009. The result matched the pre-tax profit for the second quarter and was well up on the EUR 17 mln pre-tax profit achieved in the first three months of this ...
