Latest reports – Page 3269
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PropertyEU Archive
French investment volumes up by 90% in Q2
Commercial property investment in French real estate increased by 90% to around EUR 1.43 bn in the second quarter of 2009 compared to the previous three-month period, according to a new research report issued by international property advisor Savills.
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PropertyEU Archive
Bouwfonds acquires car park for EUR 44m
Bouwfonds' car park-focused investment vehicle has made its first acquisition in the Netherlands with the purchase of the Kolk underground car park in Amsterdam. The transaction value comes to EUR 44 mln, the fund's manager Bouwfonds Real Estate Investment Management said on Wednesday.
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PropertyEU Archive
Aedes raises EUR 150m, names new CEO
Listed Italian property company Aedes has raised around EUR 150 mln through the capital increase to boost its balance sheet. The firm placed 577 million shares at a price of EUR 0.26 per share.
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PropertyEU Archive
Deutsche Pfandbriefbank completes EUR 65m refinancing in Germany
Deutsche Pfandbriefbank has provided a EUR 65 mln medium-term facility for the refinancing of the Atlantic Haus office building in Hamburg. The building is owned by UBS Wealth Management - Global Property Fund. Shaftesbury Asset Management Group, acting as asset manager for Atlantic Haus, advised on the refinancing and the ...
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PropertyEU Archive
Nozar files for administration
Privately-held Spanish real estate company Nozar has named administrators after it was unable to reach an agreement with banks for the refinancing of a EUR 700 mln syndicated loan. The company noted that it has been trying to refinance its debt for months.
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PropertyEU Archive
Max says way is clear for Industrious acquisition
UK real estate firm Max Property is set to complete its acquisition of the portfolio of the failed Industrious Group in the UK for £232 mln (about EUR 265 mln) on schedule. AIM-listed Max said in a statement on Wednesday that a legal claim issued in the High Court which ...
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PropertyEU Archive
Sale of Dutch property portfolio almost complete
CB Richard Ellis has advised Progress, the Unilever Netherlands pension fund, on the sale of 43 of the 54 property complexes it was instructed to sell across its Dutch portfolio. The portfolio has a total estimated value of more than EUR 500 mln.
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PropertyEU Archive
Immofinanz finalises largest German deal so far in 2009
Austrian real estate group Immofinanz said on Tuesday that it has finalised the largest German real estate transaction so far in 2009 with the sale of two office buildings and a five-star-plus hotel in Munich's Lenbachgärten.
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PropertyEU Archive
CBRE advises on Amsterdam retail arcade sale
CB Richard Ellis has said it acted for Investore Prime Retail in the acquisition of 'De Opgang/CAN Fase 1' arcade in the Boven 't IJ shopping centre in Amsterdam from ING Real Estate Development for EUR 21.75 mln.
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PropertyEU Archive
Invesco confirms acquisition of Novotel in The Hague
Invesco European Hotel Real Estate Fund has confirmed it has acquired the Novotel in the World Forum in The Hague from Dutch developer TCN.
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PropertyEU Archive
Capital growth returns on Lehman anniversary: IPD
The anniversary this week of the collapse of investment bank Lehman Brothers was marked by the first monthly UK commercial property capital growth in 26 months. The IPD UK Monthly Index recorded an increase of 0.2% in August.
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PropertyEU Archive
APG pushes governance changes at Prologis Europe
The proposed conversion of Prologis European Properties (PEPR) from a fonds commun de placement (FCP) to a société d’investissement à capital fixe (SICAF) will lead to additional financial risks, according to APG. On Tuesday, the Dutch pension giant sent a letter to this effect to PEPR's management, chairman Geoffrey Bell ...
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PropertyEU Archive
Aberdeen fund acquires high-street retail units in Paris
Aberdeen Property Investors has announced that one of its pan-European funds has acquired two prime high-street retail units in Paris. The Aberdeen European Balanced Property Fund acquired the properties on Avenue Montaigne in Paris, close to the Champs-Elysées, from a private owner. The financial details were not disclosed.
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PropertyEU Archive
Helaba appoints new director for Paris team
Germany's Landesbank Hessen-Thuringen (Helaba) has appointed Marina Planck as head of underwriting and portfolio management for its real estate business in France.
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PropertyEU Archive
H2SO consultancy launches into London commercial property market
The H2SO commercial property consultancy has launched into the Central London market, saying it is bringing together some of the best known names in office agency, investment, development, asset management and professional services.
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PropertyEU Archive
Premier Inn secures new hotels at London airports
UK hotel operator Premier Inn has announced plans for four new hotels at London's leading airports, creating a total of 1,570 rooms.
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PropertyEU Archive
RICS launches pioneering standards for facilities management (UK)
The Royal Institution of Chartered Surveyors has launched a new tool in setting standards in facilities management, a field that it says has the potential to lead the way in creating more sustainable, efficient and cost effective workplaces. Launched on Friday at RICS' Westminster global headquarters, the White Book will ...
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PropertyEU Archive
Retail deals hit record of 35% of European investment in H1
Retail transactions accounted for 35% of total European real estate investment activity in H1, compared to the last five-year average of 26%, despite the decline in total retail investment transactions in the first half of 2009, according to the new research from CB Richard Ellis. The sector's share of the ...
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PropertyEU Archive
Catella launches EUR 1b healthcare property fund
Catella Real Estate plans to set up a EUR 1 bn open-ended fund to invest in European healthcare properties. Focus HealthCare (FHC), an open-ended vehicle, will acquire clinics, medical practice offices, nursing homes, wellness and fitness facilities across Western Europe.
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News
Secondary market receives transparency boost
UK - CB Richard Ellis and property derivatives specialists GFI have attempted to cultivate the nascent secondary market in unlisted property funds with the launch of a dedicated portal.
