Latest reports – Page 3463
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PropertyEU Archive
European real estate market 'took an early holiday' in 2Q
Commercial property prices across Europe took a further hit in the second quarter, with yields rising to their highest since 2006. At the same time, investment volumes plummeted by 63% on the same period last year, according to new research by Cushman & Wakefield.
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PropertyEU Archive
Speymill gets EUR 377m bank financing for portfolio
A consortium of German lenders HSH Nordbank and Nord LB and NIBC Bank of the Netherlands has agreed to underwrite a EUR 277mln facility for London-based Speymill Group. The credit line has been made available to Speymill to establish a property portfolio spread throughout Germany. The portfolio, consisting 90% of ...
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PropertyEU Archive
Pik and Strabag form Moscow jv
Russian residential development group Pik and Austria construction company Strabag have launched a joint venture, named ILBAU, to act as general contractor for Pik's business class and high-end individual concrete residential development projects in Moscow.
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PropertyEU Archive
Development Securities gives Oriental City buyer another loan reprieve
Development Securities, the listed UK real estate developer and investor, has agreed to extend the due date on the £52mln (EUR 65mln) loan notes from the 2007 disposal of its Oriental City retail scheme until 15 September 2008 in order to give the purchaser more time to complete its financing ...
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PropertyEU Archive
Zurich Financial picks CBRE as adviser for European portfolio
Zurich Financial, the insurance-based financial services group, has selected CB Richard Ellis as its preferred provider of commercial real estate services in Europe. The agreement covers a 560,000 m2-portfolio of 520 offices in nine countries.
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PropertyEU Archive
AFI Development gets EUR 267m loan facility
AFI Development, the Russian unit of Africa-Israel Investments, has obtained two loan facilities totalling $414mln (EUR 267mln) from Russian lender VTB Bank.
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PropertyEU Archive
Quinlan Private sells 50% of Jurys Inns to Oman
Quinlan Private, the Irish private equity real estate group, has sold a 50% stake in its Jurys Inns portfolio company to the Oman Investment Fund (OIF), an investment arm of the Sultanate of Oman. The sales price was not disclosed although media reports have suggested the transaction was worth about ...
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PropertyEU Archive
Prologis leases 19,600 m[sup]2[/sup] in Bucharest facility to Centrum Logistics
Logistics property giant Prologis has leased 19,600 m[sup]2[/sup] of modern industrial space in Bucharest to third-party logistics provider Centrum Logistics, a subsidiary of Belgian transport and logistics group Groep H. Essers.
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PropertyEU Archive
Union Investment shops in San Deigo for Europa fund
Hamburg-based Union Investment has announced the acquisition of an office building in the US city of San Diego for its open-ended real estate fund UniImmo: Europa.
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PropertyEU Archive
Henderson to acquire 3 UK outlet malls for EUR 461m
Henderson Global Investors (HGI) has exchanged contracts to acquire three outlet malls in the UK for £364.5mln (EUR 461mln), making it one of the largest commercial property deals in the UK so far this year.
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PropertyEU Archive
Mark Hutchinson to head new GE Real Estate international unit
GE Real Estate has announced the promotion of Mark Hutchison to president of its newly created GE Real Estate International unit, covering operations in Europe and Asia. Hutchison has been president of GE Real Estate Asia-Pacific since 2005 and was leader of GE's capital markets team from 2002-2005. He ...
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PropertyEU Archive
ICSC seeks entries for 2009 Awards
The International Council of Shopping Centers (ICSC) has launched its European Shopping Centre Awards programme for 2009. Shopping centre schemes, either new or refurbished, completed in the period 1 July 2006 to 20 June 2008 are eligible. Entries must be received by 5 September 2008 via www.icsc.org/europeanawards.
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PropertyEU Archive
Hypo injects EUR 424m financing into Tour Eiffel group
Hypo Real Estate Bank International has completed a EUR 424mln financing facility to allow Paris-listed real estate investment trust Societe de la Tour Eiffel (STE) to expand its business park activities. The funding was provided to Locafimo, a wholly owned subsidiary of STE, and becomes effective on the date of ...
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PropertyEU Archive
Global deal volumes down 41% in H1 2008 - JLL
Global commercial property transaction volumes fell 41% in the first half of 2008 from the record levels in the same period the year before, according to a report from Jones Lang LaSalle.
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PropertyEU Archive
Flowers joins Hypo RE's supervisory board
US investor Christopher Flowers has been appointed to the supervisory board of Hypo Real Estate after his JC Flowers buy-out firm led the acquisition of almost 20% in the German property lender. Two other positions on the board are being filled by Dr Renate Krummer, managing director of JC Flower's ...
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PropertyEU Archive
IVG Development building bridge-like office building in Munich
German firm IVG Development said that it is developing an architecturally innovative five-storey bridge construction above the buildings of its Media Works Munich business park portfolio property. IVG Development said that 65% of the five floors of office space, which starts 30 metres above the ground, have already been pre-let ...
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PropertyEU Archive
Palatium recruits Citigroup team for mezzanine, preferred equity funds
Private equity real estate investor Palatium has recruited a specialist mezzanine and preferred equity team from Citigroup to managed planned specialist funds in the area. Keith Davidson, formerly a director with Citigroup's London real estate debt group, and James Tarry, formerly a vice president in that same group, are joining ...
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PropertyEU Archive
C&W’s Russian office exclusive leasing agent for Class A Moscow office development
Russian property firm Legion Development has retained Cushman & Wakefield’s Russian office as exclusive leasing for its Class A Legion II office development in the Moscow business district of Zamoskvorechye.
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PropertyEU Archive
Aareal real estate research award goes international
German lender Aareal has announced it is extending the scope of its 2009 'Excellence in Real Estate Research' competition to include students from international universities. The award, held in conjunction with the Real Estate Management Institute (REMI), features prizes totalling EUR 10,000 to 'reward superior scientific endeavour in the field ...
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PropertyEU Archive
GWB and HSH establish retail jv
Frankfurt-listed GWB Immobilien and HSH Real Estate, the property unit of Germany's HSH Nordbank, are establishing a joint project company focussed on revitalisation of retail assets.
