Latest reports – Page 3272
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PropertyEU Archive
France's SCPI funds see inflows drop by 76% in H1 2009
France's SCPI investment funds recorded EUR 123.5 mln in net inflows in the first six months of 2009, according to new figures published by industry bodies Aspim and IEIF (Institut de l'Epargne Immobilière et Foncière). The figure represents a drop of 76% compared to the EUR 513 mln reported in ...
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PropertyEU Archive
AREA refutes article on 'seized' Barcelona hotels
AREA Property Partners has angrily rejected a claim in a Spanish newspaper that its two hotels in Barcelona had been seized by the group's bank.
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PropertyEU Archive
Prologis leases 35,500 m[sup]2[/sup] to Marks & Spencer
Prologis has signed a lease agreement with retail chain Marks & Spencer for 35,500 m[sup]2[/sup] at Prologis Park Stoke near Birmingham in the UK.
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PropertyEU Archive
AEW fund acquires UK office property at 10% yield
AEW Europe announced on Wednesday that one of its funds has acquired a core office building in the west London suburb of Wimbledon, at a net initial yield of 10%.
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PropertyEU Archive
Icade, SIICInvest set to merge
French listed property group Icade has announced plans to merge with its 90%-controlled SIICInvest unit. The merger will take place through the integration of SIICInvest in Icade and is designed to simplify the structure of the group and to optimize its operating costs, Icade said.
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PropertyEU Archive
NCC to build Töcksfors Retail Park in Sweden
NCC Construction Sweden has signed a contract with Töcksfors Handelspark to build the first stage of Töcksfors Retail Park in Årjäng Municipality in Sweden. The first stage will comprise a total of 34,500 m2, divided between two major two-storey buildings with an adjacent outdoor facility.
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PropertyEU Archive
Gordion shopping centre awarded BREEAM certificate
Redevco Turkey announced it has again been awarded a BREEAM sustainable building certificate, with a rating of 'Very Good', for its Gordion Shopping Centre, due to open on 17 September. Gordion Shopping Center is the first green shopping centre and the first BREEAM-certified building in Ankara.
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PropertyEU Archive
AREF CEO Rachel McIsaac steps down
Rachel McIsaac is to step down as chief executive officer of the Association of Real Estate Funds at the end of October after serving five years as AREF’s first CEO. She will be returning to fund management, joining Arbuthnot Securities in early November.
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PropertyEU Archive
JLL changes leadership in Russia
Jones Lang LaSalle has announced that Charles Boudet will move up into the role of managing director in Russia, while Mark Jagger will step into the role of executive chairman.
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PropertyEU Archive
Roger Gray appointed chief investment officer at USS
Roger Gray has been appointed chief investment officer at the Universities Superannuation Scheme. He succeeds Peter Moon, who is retiring after 17 years at USS.
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PropertyEU Archive
RBM buys back bonds at 88% discount
Latvian-based Property Group RB Management (RBM) has announced that Acme Corporation, one of the companies services by the group, has negotiated a discounted repurchase of subordinated debt securities.
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PropertyEU Archive
Urbas to issue EUR 150 mln of convertible bonds
Spain's Urbas Guadahermosa plans to issue EUR 150 mln of convertible bonds to improve the company's financial position. The first part of the operation involving EUR 45 mln in bonds is to be completed before 31 October. These bonds will be converted into shares within four to six months, the ...
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PropertyEU Archive
Great Capital Partnership sells London property, rejigs leases
The Great Capital Partnership (GCP) has sold Spirella House on Oxford Circus in London to Italian hosiery and beachwear retailer Calzedonia for £22.9 mln (EUR 26 mln).
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PropertyEU Archive
Paref's OPCI shops in Marseille for EUR 26m
Naos, a new OPCI investment vehicle launched by Paref Gestion, has completed its first transaction with the purchase of a retail asset in Marseille from the French DIY group Castorama. The acquisition price comes to EUR 26 mln, the fund manager said, including EUR 10 mln of own equity.
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PropertyEU Archive
API enters student accommodation sector in UK
Aberdeen Property Investors (API) has made its first significant acquisition in the student accommodation sector, with the purchase of Purbeck House in the UK city of Bournemouth from the Cordea Savills Student Hall Fund.
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PropertyEU Archive
Private investors acquire Dutch retail portfolio for EUR 45m
Three private investors have acquired a portfolio of 12 retail units in the Netherlands in a share transaction. Although the financial details were not disclosed, PropertyNL - a sister publication of PropertyEU - estimates that the investment volume came to about EUR 45 mln, reflecting a yield of 5% to ...
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PropertyEU Archive
King Sturge to manage Catalyst's logistics assets in Romania
Catalyst Capital has appointed King Sturge as property and asset management agent for its Romanian logistic portfolio. The portfolio comprises nine production and logistics properties located in Timisoara, Arad and Caransebes. The 50,000 m[sup]2[/sup] of lettable area provides industrial warehouse, production facility, and office space. The main tenants are Alcoa ...
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PropertyEU Archive
Invesco spends EUR 75m in UK and France for German client
Invesco Real Estate announced on Tuesday that it has invested a total of EUR 75 mln in two deals in Scotland and France. Invesco carried out the investments on behalf of the iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund of Bayerische Versorgungskammer (BVK). Invesco has managed the fund since 2000.
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PropertyEU Archive
Fabege sees continued strong demand for offices in Stockholm City
Swedish property group Fabege has said that all space at its centrally located Duvan 6 property on Klara Södra Kyrkogata in the Norrmalm district of central Stockholm has been let.
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PropertyEU Archive
Deutsche Pfandbriefbank places jumbo EUR 1.5bn covered bond
Deutsche Pfandbriefbank - the core bank of the Hypo Real Estate group - placed a EUR 1.5 bn Jumbo mortgage Pfandbrief on Tuesday. The bank said that the Pfandbrief, which marks the group's first public issue for more than a year, was three times over-subscribed.
