Latest reports – Page 3342
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PropertyEU Archive
Spanish Cajas get EUR 9bn state injection - report
The Spanish government and the Bank of Spain have unveiled plans to provide up to EUR 9 bn in liquidity to troubled lender Caja Castilla La Mancha in what will become the country's first bank rescue in this financial crisis, the Financial Times has reported. The bank's directors are being ...
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PropertyEU Archive
Lovells expands London real estate disputes team
Lovells has recruited Edward John as a senior associate in its London real estate disputes team. Edward joined the firm on 2 March 2009 from Jones Day. He has particular expertise in insolvency related disputes and in the retail, hotel, leisure and business continuity sectors.
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PropertyEU Archive
Catalyst Capital closes first dedicated European fund
Catalyst Capital, the pan-European investment, asset management and development group, has closed its first dedicated European fund, the Catalyst European Property Fund with a total of EUR 228.5 mln of committed capital.
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PropertyEU Archive
Immoeast sells Wipark Garagen
Austrian property group Immoeast has sold Wipark Garagen, an operator of 10,600 parking places in Vienna, Graz and Budapest, to STPM Städtische Parkraummanagement GmbH and Parkraum Wien Management GmbH, two companies belonging to the public utility firm Wiener Stadtwerke. Immoeast said on Friday that the buyer was the best bidder ...
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PropertyEU Archive
Segurfondo freezes payouts on liquidity squeeze
Spain's Inverseguros, has become the third fund manager in the country to freeze redemptions from one of its property funds. The Spanish company said in a stock market filling that it plans to delay reimbursing subscribers of its Segurfondo Inversión FII fund for two years due to a lack of ...
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PropertyEU Archive
International Real Estate seeks to delist from AIM
Shareholders of European property and development group, International Real Estate (IRE), are to vote on a proposal to de-list the firm from London Stock Exchange's junior market AIM. The resolution to cancel the ordinary shares of 40 pence each will be put to a vote at a general meeting on ...
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PropertyEU Archive
JJB Sports sells assets for £83m to keep business afloat
JJB, the UK-based high street sports retailer, has announced the sale of properties as part of a series of measures to address the company's financial difficulties.
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PropertyEU Archive
Keen's Galeria Sandomierz opens in Poland
Galeria Sandomierz, a new 10,000 m[sup]2[/sup] shopping centre scheme, celebrated its grand opening in the southeastern Polish city of Sandomierz last Friday. The mall was developed by a special-purpose vehicle established jointly by Polish developer Terra Casa and venture capital group Artom Development. Keen Property Partners Retail provided development and ...
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PropertyEU Archive
German government begins taking control of Hypo Real Estate
The German government has taken a 8.7% stake in Hypo Real Estate as an initial step in the process of acquiring full control of the troubled property financier. The government, through the bank stabilisation fund, Soffin, is acquiring 20 million new shares at the minimum price prescribed by law of ...
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PropertyEU Archive
GPT Halverton's HBI fund signs two lease deals in Germany
GPT Halverton has concluded two letting deals in Germany for the multi-let light industrial fund HBI. The pan-European fund and asset management company said a regional logistics company had agreed to take up 5,600 m[sup]2[/sup] of warehouse space at the Louis-Krages-Gelaende property in Bremen. The asset is located 11 km ...
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PropertyEU Archive
Simon Property raises $1.2bn in equity and debt offering
US-based shopping centre giant Simon Property Group has raised net proceeds of about $1.2 bn (EUR 811 mln) from the equity and debt offerings announced last week.
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PropertyEU Archive
Heitman launches new 380m CEE fund - report
Chicago-based investment group Heitman has set up a new EUR 380 mln fund to invest in Central Eastern European properties. The fund - Heitman European Property Partners IV - is the fourth European investment vehicle lanunched by Heitman and will target commercial real estate properties in CEE, newspaper Sofia Echo ...
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PropertyEU Archive
French defence ministry to sell off EUR 1b of assets
The French ministry of defence unveiled plans last week to sell off EUR 0.8-1 bn worth of assets in the Paris region as part of a plan to bring together its different Paris offices in one site in Balard. Hervé Morin, the French defence minister, said the project represented a ...
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PropertyEU Archive
TMW Pramerica buys Portuguese retail centre
German investor TMW Pramerica Property Investment has acquired a retail centre in Portimao, in the Algarve region of Portugal, for its special fund EuRetail. Although the seller was not disclosed, it is understood that the centre was acquired from French developer Bouygues Immobilier. A spokesperson for TMW Pramerica said on ...
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PropertyEU Archive
Realkapital sets up EUR 100m Nordic recovery fund
Realkapital Partners has launched a EUR 100 mln Nordic Recovery Fund to capitalise on secondary market mispricing for real estate debt and equity. The fund, with a life of five years and a Core+/Value-added profile, will seek to provide investors with an Internal Rate of Return of 20%. The vehicle, ...
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PropertyEU Archive
SWFs have waning appetite for West
Some 73% of the world’s EUR 2.3 tln Sovereign Wealth Funds (SWF) sector has exposure to real estate and 51% to infrastructure, according to a new report. While the importance of such funds continues to grow, their appetite among many for Western assets, especially financial institutions, has waned as a ...
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PropertyEU Archive
Hypo gets formal extention of EUR 20bn guarantee
Hypo Real Estate confirmed last week that the German federal government has formally extended the term of its EUR 20 bn guarantee until 31 December 2009
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PropertyEU Archive
Invesco names new head of real estate research
Invesco Real Estate has named Mark Roberts as Global Director of Research. As more Invesco Real Estate clients are looking for global expertise, the new position of Global Director of Research is a natural evolution for the firm, the company said. In his new role, Roberts will oversee research ...
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PropertyEU Archive
Great Portland's Peskin joins Internos
Internos Real Investors LLP has announced that Richard Peskin is joining the European real estate partnership as a capital partner. Peskin has had a long association with London real estate firm Great Portland Estates. He joined Great Portland in 1967, was appointed to the board in 1968, becoming executive ...
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News
West Midlands makes supermarket sweep
UK – The West Midlands Pension Fund has purchased a £36.5m (€39.6m) supermarket property in Birmingham from Land Securities, to strengthen its position for the future.
