Latest reports – Page 3433
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PropertyEU Archive
ProLogis fund buys 50.000m[sup]2[/sup] in Ile-de-France
ProLogis European Properties Fund II (PEPF II) has signed an agreement with Eurocommercial Properties for the purchase of two class-A logistics buildings located in the south-east and west of Paris. The first property, with a surface of 20,000 m2, is located in Lieusaint along the Paris-Lyon highway. The property is ...
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PropertyEU Archive
Generali launches EUR 324 mln closed-end fund
Generali Immobiliare Italia, the property asset management arm of Italian insurance giant Generali, has launched a new closed-end real estate fund for professional investors. The Cimarosa fund is the group’s second property fund after the launch of the Scarlatti vehicle in 2006.
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PropertyEU Archive
Capital values to remain under pressure, says JLL
With the global economy expected to continue to weaken over the remainder of 2008 and throughout 2009, capital values are likely to remain under pressure, according to the latest Global Capital Flows report released on Tuesday by Jones Lang LaSalle. Although transactions are likely to continue, this will probably be ...
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PropertyEU Archive
Good investment properties 'not a thing of the past'
European property markets may be feeling the heat from the ongoing meltdown in the financial sector but that doesn't mean that good investment properties are entirely a thing of the past, according to Timo Tschammler, head of investment in the EMEA region at DTZ, based in London.
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PropertyEU Archive
DRC and DTZ form joint venture for disposal advice
DTZ and Deutsche RealCorp (DRC) have set up a 50/50 joint venture under the name DTZ RealCorp. The aim of the new company is to advise businesses on the sale of their property assets using DRC's sale-and-lease-back model, while at the same time, creating an investment product for institutional investors. ...
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PropertyEU Archive
Petrikovics quits as CEO of Immofinanz, Immoeast
The CEO of Immofinanz and Immoeast, Karl Petrikovics, has stepped down with immediate effect. Petrikovics has been in charge of both companies since their inception and his departure represents the beginning of a new stage of development. It cooincides with the companies’ separation from Constantia Privatbank.
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PropertyEU Archive
Valad poised to strike in UK
A new EUR 850 mln opportunity fund established by Australian fund manager Valad is poised to begin making acquisitions of multi-let industrial properties in the UK. Paul Oliver, responsible for equity raising at Valad, said the company has had a great fundraising year despite the credit crunch. The new fund ...
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PropertyEU Archive
ING fund to open up German market, eyes distressed debt market
ING Real Estate Investment recently launched EUR 1 bn German Austrian retail fund could open up the German market for investors that have so far found it difficult to get into the market. 'We been approached by a couple of major investors who have been trying to get in to ...
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PropertyEU Archive
BAM acquires Belgian M&E group FED Holding
Royal BAM Group has acquired all shares of the Belgian mechanical & electrical company FED Holding sa, which is based in Saint-Nicolas, Belgium. The shares were held by the management.
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PropertyEU Archive
Klepierre, ABP close acquisition of top Scandinavian mall owner
Listed French property company Klepierre and Dutch pension fund ABP have closed their previously announced EUR 2.7bn acquisition of Steen & Strom, the largest shopping centre owner in the Scandinavia region. After this transaction, Klepierre now owns 56.1% of Steen & Strom's share capital and ABP 43.9%.
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PropertyEU Archive
Demand for warehousing remains buoyant
Occupier demand for European distribution warehousing remained buoyant during the first half of this year although logistics investment activity was down 38%, according to a new Jones Lang LaSalle report.
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PropertyEU Archive
‘Wall of equity’ hanging over market mounts to EUR 250 bn, says CBRE
Property broker CB Richard Ellis estimates that the ‘wall of equity’ waiting to get back into the European property has mounted to nearly EUR 250 bn. In an interview with PropertyEU at EXPO REAL in Munich, CBRE’s head of EMEA Research Nick Axford said there’s no shortage of money out ...
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PropertyEU Archive
Behringer Harvard acquires 22 assets in Central Europe
Dallas-based Behringer Harvard said on Monday that its investment platform, known as Wenceslas Behringer, has acquired a portfolio of 22 retail and industrial/logistics assets located in the Czech Republic, Poland, Slovakia and Hungary. The anchor tenants include Carrefour, Tesco, Royal Ahold and Plus.
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PropertyEU Archive
ECE wins tender to develop Vienna Central Station
German property companies ECE Projektmanagement and ÖBB-Immobilienmanagement signed contracts on Monday for the development, leasing and management of BahnhofCity - Vienna’s central railway station. In a statement released during the first day of the EXPO REAL fair in Munich, ECE said it has won the European tender for the realisation ...
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PropertyEU Archive
‘Immense uncertainty in the UK market,’ says Savills
There is ‘an immense amount of uncertainty’ surrounding the UK market, as bailouts, nationalisations and takeovers dominate, according to William Newsom, head of UK property finance at Savills in London.
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PropertyEU Archive
Develica spots bargain
German property investment company Develica Deutschland said it has bought back 21,298,000 of its own ordinary shares for a total investment of EUR 2.8mln, pointing to the deep discount at which its stock was trading compared to its net asset value (NAV). Develica noted that it acquired the ...
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PropertyEU Archive
Enasarco to offload EUR3 bn Italian assets
Italian pension fund Fondazione Enasarco said its board has approved the sale of the firm's entire real estate portfolio in a move aimed at improving the company’s balance sheet position. In a statement, Enasarco said it hopes to sell the assets over the next four years. The company's real estate ...
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PropertyEU Archive
Parcolog buys logistics scheme near Lille
Parcolog, the industrial property arm of Generali Immobiliare, has bought a logistics complex near Lille from Logidis, a unit of French retailing giant Carrefour. The new scheme, which was developed by Logidis and is rented out to the Carrefour group, provides 26,500 m[sup]2[/sup] of space, of which around 2,000 m[sup]2[/sup] ...
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PropertyEU Archive
First Industrial invests in Belgium
Industrial property company First Industrial has entered into a final agreement to invest in two distribution facilities in the heart of Belgium’s Golden Triangle. First Industrial will invest in a two building, 117,800 m[sup]2[/sup] business park, which will be known as First Park Maritime Logistics on a site located ...
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PropertyEU Archive
Sonae Sierra wins Green Thinker Award
Portuguese retail developer Sonae Sierra is the winner of the first Green Thinker Award. The prize - a sculpture by Dutch artist David Veldhoen entitled Weight of Thoughts - was presented yesterday evening to the company's CEO Alvaro Portela at a special ceremony held at EXPO REAL in Munich.
