Latest reports – Page 3303
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PropertyEU Archive
Deutsche Euroshop eyes two Karstadt stores
German shopping centre investor Deutsche Euroshop is considering taking over two of insolvent retail group Arcandor's Karstadt stores in Viernheim und Dessau, the MDAX-listed company told Thomas Daily news service on Tuesday.
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PropertyEU Archive
European investment plunges 74% in Q1
European investment volumes in the first quarter of 2009 plunged 74% year-on-year to just EUR 11.4 bn, according to the latest investment update from Cushman & Wakefield. No market was unscathed, the adviser said.
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PropertyEU Archive
Panattoni Europe signs lease in Poland
Torfarm, a Polish pharmaceuticals distribution company, signed a lease agreement with Panattoni Europe for delivery of two modern built-to-suit warehouse buildings of approx. 35,000 m[sup]2[/sup] of total space. Colliers International Poland acted for Torfarm.
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PropertyEU Archive
Deka Immobilien buys office in Milan
Deka Immobilien said it has bought an office property in Milan for around EUR 28 mln from BNP Paribas REIM SGR for its Deka-S-PropertyFund No. 1. The acquisition was executed through a joint venture with Henderson Global Investors specialising in Italian investments.
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PropertyEU Archive
Four Vivacon subsidiaries file for insolvency
Troubled German property company Vivacon has confirmed that four of its subsidiaries have filed for insolvency at the local court in Cologne. The four subsidiaries are focused on residential properties in Salzgitter and Kassel, and account for almost 4,000 of the 10,000 residential units held by the Vivacon group.
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PropertyEU Archive
BNP's Crescita fund completes divestments
BNP Paribas' Portfolio Immobiliare Crescita fund in liquidation said it has completed the sale of all its remaining properties for a total of EUR 63 mln. The disposal of the remaining four assets was reported by PropertyEU during the Expo Italia Real Estate (EIRE) property fair held at the beginning ...
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PropertyEU Archive
Italy's IPI to be taken private
Italy's Segre family is launching a EUR 1.9 per share compulsory bid for real estate company IPI after building up a 75.8% stake in the company last week. The offer is being launched through the family's vehicle IPI Domani.
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PropertyEU Archive
Peskin appointed chairman of Internos
Richard Peskin, previously chairman of London company Great Portland Estates for 23 years, has been appointed chairman of Internos.
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PropertyEU Archive
Hypo Real Estate sets aside hundreds of millions for bad debt
Hypo Real Estate (HRE), the troubled German lender in which the government has taken a majority stake, warned on Tuesday that risk provisions 'in the high three digit million region' will have a significant impact on income in Q2.
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PropertyEU Archive
Hansteen to raise EUR 238m through open offer
AIM-listed industrial property firm Hansteen plans to raise gross proceeds of £200.8 mln (EUR 238 mln) by way of a Placing and Open Offer at a price of 75p per new ordinary share to allow it to take advantage of exceptional opportunities to buy industrial properties in the UK.
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PropertyEU Archive
Befimmo raises EUR 166m in rights issue
Listed Belgian property company Befimmo said its rights issue which closed on 22 June had been fully subscribed, generating the targeted gross proceeds of some EUR 166.6 mln which will be used to bolster its financial position.
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News
RREEF weigh ups its options over America III
UNITED STATES – RREEF, the real estate investment division of Deutsche Bank, is now considering three different options to help it deal with some debt issues for its open-ended commingled fund, RREEF America III.
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News
Maine PERS selects ORG as real estate consultant
UNITED STATES - Maine Public Employees Retirement System has selected ORG Real Property as its first ever real estate consultant.
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News
Tesco makes second property pledge to pension
UK – Tesco, the global supermarket chain, has signed another sale-and-leaseback deal with pension fund trustees, which will see the fund take a 50% stake in assets worth £458m.
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News
Goodman loses Wilkinson to AEW Europe
EUROPE - Rob Wilkinson is leaving the Goodman Group to head up AEW Europe’s fund management and separate accounts business.
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News
Progress continues on real estate sale
NETHERLANDS - Progress, the Dutch pension fund of food giant Unilever, has sold three housing complexes in Breda, Groningen and Nijmegen as it continues to divest its directly-held domestic real estate portfolio.
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News
ZIA enters new era with new president
GERMANY – Andreas Mattner, executive board member at German developer ECE Projektmanagement, has replaced Eckart John von Freyend as president of the German Property Federation (ZIA).
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PropertyEU Archive
German mall operator Mfi joins fray for Karstadt stores
Management für Immobilien (Mfi), one of Germany’s leading shopping centre operators, has said it would be interested in taking over 20 of insolvent retail group Arcandor's 91 Karstadt department stores. In an interview with financial daily Handelsblatt, Mfi ceo Matthias Böning said he had identified 20 store locations which could ...
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PropertyEU Archive
H&M renews leases at Vastned properties in France
Pan-European property investor Vastned Retail has renewed the lease at rue de Rivoli 118- 120 in Paris, its main retail property in France, with fashion retailer Hennes & Mauritz (H&M).
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PropertyEU Archive
Hanseatic Group pulls out of GWB capital increase
German real estate company GWB Immobilien has announced that it has been informed Hanseatic Group no longer intends to invest in GWB by taking part in a capital increase.
