Latest reports – Page 3306
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PropertyEU Archive
PropertyEU Week Edition: Billionaire offers 'exit' to beleagured investors
Romanian billionaire businessman Dan Costache (Dinu) Patriciu has kicked off a new round of takeovers and stake-building in beleaguered UK-listed funds which invest in European commercial real estate.
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PropertyEU Archive
Orchard Street acquires London asset for EUR 25m
Orchard Street Investment Management is acquiring 60 Cannon Street in London EC4 for its Special Situations Fund. The transaction volume of £21.38 mln (EUR 25.3 mln) reflects an initial yield of 8.23%.
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PropertyEU Archive
ING to restrict real estate finance to Europe
Real estate financing will remain a component of banking and insurance giant ING, Hein Brand, CEO of ING Real Estate Finance, stressed during the Provada real estate fair in Amsterdam. In a video interview with PropertyNL - the sister publication of PropertyEU - Brand added that the ING Group is ...
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PropertyEU Archive
German funds boost foreign stake
German open-ended real estate funds have boosted their investment in foreign countries to 70.3% at end March 2009 from 68.6% a year earlier, according to figures from BVI Bundesverband Investment und Asset Management, the sector organisation for the German investment and asset management industry. The funds' home market Germany now ...
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PropertyEU Archive
Vastned Retail sells non-core portfolio for EUR 36m
VastNed Retail has said it sold a portfolio of non-core properties in the Netherlands for EUR 36.2 mln, slightly above book value. The pan-European property investment fund said the proceeds from the sale will be used to strengthen its balance sheet.
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PropertyEU Archive
UK, Norway and Poland to recover first, says C&W
Cushman & Wakefield says UK, Norway and Poland most likely to see early recovery followed by Denmark, Finland and the Czech Republic. Cushman & Wakefield makes the prediction in its bi-monthly Economic Pulse reports analysing business and commercial real estate interests and conditions in Asia, Europe and the Americas. The ...
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PropertyEU Archive
PropertyEU Week Edition: Hammerson selling Queensgate stake
Hammerson is selling its 50% interest in Queensgate shopping centre in Peterborough, UK. Well-informed sources told PropertyEU the UK REIT has hired CBRE to market the sale of the 80,000 m[sup]2[/sup] asset, which it bought in 2005 from Norwich Union for £156 mln (€184 mln). Hammerson owns the mall in ...
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PropertyEU Archive
PropertyEU Week Edition: Opportunities dawn
European property shares moved sideways over the last eight weeks and underperformed the benchmark MSCI Europe stock index by 10%, according to a new report by JP Morgan's property analysts. While warning stocks are unlikely to bounce back as quickly as happened in the 1990s, the report - The winner ...
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PropertyEU Archive
Norwegian Property rolls out EUR 34 'repair' share offering
The board of listed firm Norwegian Property has proposed to offer 50 million new shares to enable shareholders who were not invited to take part in an earlier announced private placement to maintain their relative shareholding in the company.
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PropertyEU Archive
Beni Stabili may sell Garibaldi towers to municipality
The municipality of Milan is considering Beni Stabili's Garibaldi Towers as one of the options for its new head office in the city, CEO Aldo Mazzocco told PropertyEU at the Expo Italia Real Estate (EIRE) fair being held in Milan this week. The project, which comprises around 40,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Ropemaker buys office in London at 8.75% yield
Ropemaker Properties, the property holding company of BP Pension Fund, has acquired 200 Hammersmith Road, London from BlackRock's UK property fund for £24.55 mln (EUR 29 mln). CB Richard Ellis, which acted for Ropemaker, said the transaction volume reflected an initial yield of 8.75%.
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PropertyEU Archive
La Lucette's CEO steps down
French investor La Lucette said that Stéphane Theuriau is stepping down from his roles of chairman and chief executive officer , effective July 1, 2009. Theuriau will remain as a director of the company after his resignation. He will also retain his role as chairman of the company's investment committee.
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PropertyEU Archive
Generali buys P5 tower in Berlin's Potsdamer Platz
Generali Deutschland Immobilien has acquired the P5 tower located on the Potsdamer Platz in Berlin from Dutch investor Enisma Investments. The financial details of this transaction were not disclosed.
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PropertyEU Archive
CBRE fund acquires office property in Belgium
CB Richard Ellis Investors has acquired the Aramis office scheme in Zaventem, Belgium. The financial details of the transaction on behalf of investment fund CB Richard Ellis Strategic Partners Europe Fund III were not disclosed.
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PropertyEU Archive
Spanish retail sees yields move out: Savills
Real price adjustments in the Spanish retail investment market are taking place and prime shopping centre yields have moved out 200 basis points since the start of 2008, according to new research issued by Savills. With product on the market as well as investors seeking opportunities, the international property advisor ...
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PropertyEU Archive
Philips sells 45,000 m[sup]2[/sup] site in France
Electronics manufacturer Philips has sold an 11-hectare site in Mans, Western France, to local authorities, Communauté Urbaine Le Mans Métropole. The financial details of the transaction were not disclosed. The site comprises 20,000 m[sup]2[/sup] of office space and 25,000 m[sup]2[/sup] for office/logistics use, which is currently being redeveloped. Philips was ...
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PropertyEU Archive
Commerz Real buys Liverpool development
Commerz Real has said it intends to carry out EUR 1.5 bn of new real estate acquisitions in Europe. 'Our plans include other real estate acquisitions in a volume between EUR 1-1.5 bn on behalf of our open-ended real estate funds before the end of this year,' said Commerz Real ...
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PropertyEU Archive
API to step up UK investment activities
Aberdeen Property Investors is seeking to step up its UK investment activities with the launch of a UK opportunity fund.
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News
Pension funds show interest in UK housing
UK – European pension funds who would not traditionally invest in UK rental housing may do so for the first time through an initiative to kick start investment in UK private residential property, according to a UK government body.
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News
Fresno County acts on concerns about value-added manager
UNITED STATES - Fresno County Employees Retirement Association has changed its mind about the appointment of a real estate manager to look after a $30m (€21.7m) allocation for a value-added investment as it has reservations about the firm’s ability to raise sufficient capital.
