Latest reports – Page 3339
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PropertyEU Archive
Goodman closes major European transactions
Goodman Group has concluded the pre-leasing of a 42,700 m[sup]2[/sup] facility in France to a leading luxury group and subsequently sold the project for a total of EUR 22 mln to a 'leading pan-European listed property group.' The facility is fully leased for a nine-year period.
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PropertyEU Archive
DebtX to sell EUR 138m European non-performing loans
DebtX, the Boston-based loan sale adviser, has announced it is selling EUR 138 mln in non-performing loans from three financial institutions in Germany and Italy. The company said it will sell EUR 94 mln in non-performing loans secured by commercial real estate located throughout Germany on 23 April. On 14 ...
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PropertyEU Archive
WW Advisors launches with EUR 225m pan-European Shariah mandate
WW Advisors, a new UK-based advisory boutique set up to provide specialised real estate investment advisory and financing advisory services throughout Europe, has been approved by the UK's Financial Services Authority (FSA).
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PropertyEU Archive
PEPR renews 12,000 m[sup]2[/sup] lease in Germany
Prologis European Properties, one of Europe's largest owners of modern warehouse distribution facilities, announced on Tuesday that it has renewed a 12,000 m[sup]2[/sup] lease with one of Europe's leading fashion retailers. The lease agreement is a 10-year renewal, to February 2019, at current market rents at Prologis Logistic Park Muggensturm ...
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PropertyEU Archive
Rreef appoints new head of asset management
Deutsche Bank's Rreef Management said that Robert Cervinka is joining the management board as head of Asset Management and Transactions for Germany, Austria and Switzerland with responsibility for the acquisition, management, development, leasing and disposition of core, value-added and opportunistic real estate assets. Cervinka will be based in RREEF's Eschborn ...
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PropertyEU Archive
Bank Hapoalim increases facility to cover development of Park Plaza Westminister
International hotel and resorts group Park Plaza has announced that its subsidiary, Marlbray, has signed an agreement with Bank Hapoalim to increase the size of its facility for the Park Plaza Westminster Bridge project in London to buy for the total development cost.
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PropertyEU Archive
Warner Estate finalises EUR 43m sale of St Johns Wood High Street
London-based Warner Estate has exchanged and completed contracts for the sale of its St Johns Wood High Street estate in London to NW8 Holdings for £39 mln (EUR 43 mln). Warner Estate said the property had a book value of £48 mln at end-September 2008 and contributed £2.1 mln ...
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PropertyEU Archive
Goodman receives permit to build £120m logistics facility
Australia-based property group Goodman said on Wednesday that it has secured full planning consent for the £120 mln (EUR 130 mln) development of the former Andover Airfield site. The proposal includes 1.25 mln sq ft (929,000 m2) of warehouse space incorporating a single building of 863,000 sq ft, along with ...
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PropertyEU Archive
Pik hires Sberbank Capital for debt restructuring
PIK, the London-listed Russian residential property developer, has mandated Sberbank Capital, an investment arm of Russian bank Sberbank, to advise on restructuring the company's debt portfolio. Pik said its total debts come to RUB 44.8 bn (EUR 998 mln). The group's major credits include Sberbank, Vnesheconombank (VEB), Rosbank, VTB, ...
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PropertyEU Archive
Santander buys Abbey HQ in London for EUR 154m
British Land has completed the sale of 2-3 Triton Square, Regent's Place, London to Abbey, part of Spanish bank Grupo Santander, for £115 mln (EUR 154 mln). The investment volume reflects a net initial yield of 7.2%.
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PropertyEU Archive
Hypo to consolidate staff in new complex north of Munich
Hypo Real Estate has announced it is to relocate in the third quarter of this year to a new office complex located in Unterschleissheim, north of Munich. All the property financier's staff based at five different locations across Munich will be brought together in the new complex.
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PropertyEU Archive
Multi opens phase 1 of largest German inner-city retail development
Multi Development has opened the first phase of the 76,000 m[sup]2[/sup] Boulevard Berlin, the largest inner-city retail scheme in Germany. The first phase provides 24,000 m[sup]2[/sup] of gross leasable area in the development located in the middle of the Schloßstraße, a major shopping streets in Berlin.
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News
Kesko sign sale-and-leaseback deal with pension fund
FINLAND – The Kesko Pension Fund has bought four retail properties for €50m from the Finnish trading company Kesko Group.
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News
Maryland to review real estate portfolio
UNITED STATES - Maryland State Retirement Agency is planning on conducting a full review of its entire real estate portfolio which is expected to last well into its 2010 fiscal year starting on 1 July.
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News
Fresno County adds to real estate portfolio
UNITED STATES - Fresno County Employees Retirement Association has expanded its real estate portfolio by investing in the Colony Investors IX value-added and the Buchanan Fund VI opportunistic funds.
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News
CPPIB seeks new route along infrastructure
CANADA – The Canada Pension Plan Investment Board (CPPIB) has offered to pay C$1.16bn (€697m) to buy Macquarie Communications Infrastructure Group (MCG).
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News
Townsend taps Europe through UK office
US/UK – Townsend Group, the North American institutional real estate adviser, has opened its first European office in London this week and appointed Adam Calman as head of Europe.
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News
TEGoVA seeks to shed light on valuations
EUROPE – The European Group of Valuers Association (TEGoVA) has launched a valuation standards document to help professionals and clients deal with the valuation challenges brought about by the economic recession.
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News
Pensions investors enticed by Catalyst opportunities
EUROPE – Catalyst Capital LLP, a European investment and asset management firm, has secured the support of major institutional investors for its €228.5m pan-European property fund.
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News
OMERS tracks long-term gains with railway top-up
CANADA – Ontario Municipal Employees Retirement System (OMERS) has increased its stake in a rail infrastructure project in Detroit, to become the majority owner.
