Latest reports – Page 3251
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PropertyEU Archive
API sells Dutch office property for Swedish investor
Aberdeen Property Investors (API) has sold an office complex in the Dutch city of Eindhoven on behalf of a Swedish pension fund to Schalkwijk Vastgoed. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Austria's Immoeast sells stake in Bulgarian REIT
Vienna-based real estate developer Immoeast has sold its 42% stake in Sofia-based real estate investment trust Prime Property, Bulgarian newspaper Dnevnik reported, citing sources close to the transaction. According to the paper Immoeast has sold its interest in the Bulgarian investment firm to local companies Delta Food and Global Tours.
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PropertyEU Archive
Paris court grants extension of Orco's protection from creditors
CEE property developer Orco Property Group said on Friday that the Paris commercial court has decided to grant an extension of its protection from creditors (Procédure de Sauvegarde) by a further six months. The safeguard procedure protects the company against its creditors.
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PropertyEU Archive
Nieuwe Steen's divestment programme hits EUR 103m
Nieuwe Steen Investments (NSI) has sold four Dutch properties for a total of EUR 15.3 mln. The sales bring the volume of the Dutch firm's divestment programme of small, management-intensive properties, which was launched in September 2008, to EUR 103 mln. The proceeds are being used to reduce debt and ...
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PropertyEU Archive
Deutsche Pfandbriefbank issues EUR 1b pfandbrief
Deutsche Pfandbriefbank announced on Thursday that it has successfully placed a EUR 1 bn public sector jumbo pfandbrief. The bank said it has met with a very positive market response and the volume in the order book was EUR 1.3 bn.
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PropertyEU Archive
Signa in talks to buy EUR 250m of assets in Vienna
Austrian investment fund Signa Holding is reportedly in negotiations to purchase two flagship assets in Vienna from British investment fund Matrix. Matrix acquired the IZD tower from US fund Doughty Hanson in 2006 for EUR 247 mln.
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PropertyEU Archive
Barcelona Meeting Point goes Russian
The 13th edition of Barcelona Meeting Point (BMP) later this month is being billed as 'Year of Russia'. In contrast to the recent Expo Real where the Russian presence was significantly smaller than previous years, the 2009 international real estate fair in Barcelona is attracting a large Russian contingent, the ...
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PropertyEU Archive
Invesco aims to invest up to EUR 350m in Germany
Invesco Real Estate said it plans to invest between EUR 150 mln and EUR 350 mln for its funds in Germany, Fabian Manegold, Director of Transaction Germany, said in an interview with Thomas Daily.
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PropertyEU Archive
EBRD mulls EUR 41m loan to fund Croatian mall
The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to EUR 41 mln for the construction of a shopping centre in the city of Osijek, Eastern Croatia. In a statement on its website, the bank said it is in negotiations with the Croatian property ...
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PropertyEU Archive
Non-listed funds gloomy on short-term market recovery
Sentiment in the non-listed real estate funds sector is being dictated by uncertainties related to the underlying property market, valuations and ongoing financing issues, according to the latest survey from the association of non-listed real estate investors Inrev.
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PropertyEU Archive
European investment rises for the first time in seven quarters
The European investment market turned the corner in Q3 with an increase of 2%, according to leading real estate adviser BNP Paribas Real Estate's latest European Investment Market Indices.
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PropertyEU Archive
Generali buys Maciachini centre from IVG for EUR 300m
The property arm of Italian insurance giant Generali confirmed to PropertyEU on Thursday that it has acquired the Maciachini business centre in the heart of Milan for roughly EUR 300 mln.
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PropertyEU Archive
Reatis joins NAI apollo network as German market revives
German real estate investment firm Reatis has joined the property consulting network NAI apollo as new investment cooperation partner. NAI apollo is the exclusive German partner of NAI, the largest global network of owner-operated real estate services companies.
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PropertyEU Archive
Les Docks Vauban retail and leisure centre opens in Le Havre
ING Real Estate Development has announced the opening of the Docks Vauban retail and leisure centre in Le Havre, France. The scheme is the centrepiece of the transformation of the 18th-century historic harbour - a UNESCO World Heritage Site - into a major shopping, leisure and cultural destination in Normandy.
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PropertyEU Archive
Credit Suisse acquires office properties in US and UK
Credit Suisse's international real estate fund has entered the US market and stepped back into the UK with the acquisition of four prime office buildings in recent months for a total investment volume of CHF 266.5 mln (EUR 176 mln).
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PropertyEU Archive
DTZ forecasts London City rent rise, improving yields in Europe
London continues to lead the cycle in Europe with prime City rents forecast to rise in 2010, on the back of tight supply, while across Europe rents are stable or falling. This follows a further fall of 17% by year end 2009, according to DTZ's latest forecast for
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PropertyEU Archive
Wolbern Invest acquires Dutch power firm's HQ
Hamburg-based Wölbern Invest has acquired an office development in Rotterdam for a new EUR 50 mln closed-ended fund being launched in spring 2010. The financial details of the transaction were not disclosed.
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PropertyEU Archive
ING RE to sell stake in Le Mans mall in France
ING Real Estate is seeking to sell its interest in the Centre Sud shopping centre in the southern part of Le Mans, France. The company confirmed to PropertyEU that Jones Lang LaSalle has received the mandate to sell its stake in the mall which is valued at some EUR 65 ...
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PropertyEU Archive
Sparinvest raises EUR 100m for new fund of funds
Danish property company Sparinvest Property Investors has said that its second institutional real estate fund of funds, Sparinvest Property Fund II (SPF II), has raised over EUR 100 mln of equity at its first closing.
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PropertyEU Archive
FdR to buy EUR 267m office portfolio at 7% yield
Fonciere des Regions (FdR) has returned to the acquisition trail with the all-share purchase of five prime office buildings in France for a total investment volume of EUR 267 mln. The deal, reflecting a net initial yield of 7%, is the first acquisition by the French listed investment company in ...
