Latest reports – Page 3551
-
PropertyEU Archive
White Rock fund buys Dutch portfolio
White Rock Investments III, a White Estate Investments fund, has acquired the Penta portfolio in the Netherlands from British fund Cambridge Place Investments for EUR 68 mln.
-
PropertyEU Archive
Metrovacesa 'frontrunner' for EUR 1.1 bn Corio office portfolio
Spanish real estate giant Metrovacesa is the frontrunner in the bidding to buy a EUR 1.1 bn portfolio of office properties from Dutch retail property specialist Corio, market insiders have told PropertyEU.
-
PropertyEU Archive
Kenmore acquires EUR 36m Dutch portfolio
UK development and fund management group Kenmore has announced the acquisition of the Kraaggebouwen portfolio of eight office buildings in Amsterdam from the property arm of Belgian-Dutch bank Fortis for EUR 36 mln. The transaction reflects a net initial yield of 7%. The assets are earmarked for Kenmore Europe, a ...
-
PropertyEU Archive
Catella, Arab Bank JV expands further in Germany
Catella Property Fund Management has acquired six mixed-use assets for a total EUR 31 mln on behalf of AB CPFM Real Estate Holding, a joint venture between Catella and Arab Bank.
-
PropertyEU Archive
AEW Europe reports EUR 4.1b of transactions in 2007
Real estate investment manager AEW Europe said on Tuesday that it had acquired over EUR 1.3 bn of assets and arbitrated a further EUR 2.8 bn worth of deals in 2007, representing more than a 50% increase on the volumes the year before.
-
PropertyEU Archive
Great Eagle sells EUR 1bn Hong Kong asset
Property company Great Eagle is selling shopping and office assets in Hong Kong to affiliate Champion REIT for HK$12.5 bn (EUR 1.08 bn) in one of the largest ever transactions involving a real estate investment trust in Asia.
-
PropertyEU Archive
Evans Randall refinancing returns 24% equity to investors
UK investment banking and private equity group Evans Randall said on Tuesday that a refinancing deal worth £153 mln (EUR 202 mln) with German bank HSH Nordbank has enabled it to return about 24% of the original investor equity used to acquire the Cisco Systems headquarters near Heathrow in 2006.
-
PropertyEU Archive
Beni Stabili abandons REIT plans for 2008
Listed Italian real estate company Beni Stabili has shelved plans to convert to the new Italian version of a real estate investment trust (REIT) this year. The company will wait until 2009 to decide whether to transform itself into the tax-efficient investment vehicle, known as a SIIQ in Italy.
-
PropertyEU Archive
Apollo RE acquires Legnano property
Apollo Real Estate has acquired a four-hectare industrial complex, formerly operated by manufacturer Pensotti, in the northern Italian city of Legnano from a Italian private investor. The US investor is teaming up with the Italian Palladium Group in a 80/20 joint venture to redevelop the site north of Milan into ...
-
PropertyEU Archive
CBRE buys Denmark's Cederholm for EUR 29m
CB Richard Ellis said on Tuesday it has acquired its affiliate company in Denmark for EUR 29 mln. The acquisition of CB Richard Ellis Cederholm will significantly strengthen CB Richard Ellis' platform in Scandinavia, the international real estate advisor said.
-
PropertyEU Archive
'Green shoots' point to medium term recovery - DTZ
European real estate investment activity will continue to slow through the first half of 2008 at least, but international investors are preparing to re-enter the market at the right price, global real estate adviser DTZ has said in its European Quarterly research report.
-
PropertyEU Archive
CHC buys Frankfurt office towers
Irish wealth management company Custom House Capital (CHC) has bought the BICC tower in Frankfurt on behalf of HLB Financial Services for EUR 27.6 mln, including costs. The transaction volume reflects a gross yield of 6.67%.
-
PropertyEU Archive
Henderson's Italian retail fund secures four deals
Global asset management firm Henderson Global Investors said on Monday that it has raised EUR 60 mln in equity from an institutional investor at the first closing of its Italian fund Azzurro. Subsequently, the core plus fund carried out four acquisitions totalling EUR 145 mln.
-
PropertyEU Archive
Kuwaiti bank launches 'Islamic' real estate fund for Turkey
The National Bank of Kuwait (NBK) has announced the launch of a Shariah-compliant real estate fund to invest in Turkey. NBK Capital's CEO Salah Yousef Al Fulaij said that the fund will give the bank's clients access to a diversified portfolio of development and value-added real estate projects in Turkey. ...
-
PropertyEU Archive
Prologis leases 27,500 m[sup]2[/sup] to Unilever in Romania
Logistics property giant Prologis has leased 27,500 m[sup]2[/sup] of warehousing space in Budapest to Unilever. The Anglo-Dutch food and consumer goods manufacturer will occupy a new building at Prologis Harbor Park, a 132,000-m[sup]2[/sup] rail-served distribution park located 12 kilometers southwest of downtown Budapest. Unilever is expanding its regional operations, and ...
-
PropertyEU Archive
AFI Europe gets EUR 234m financing for Bucharest project
AFI Europe has signed a EUR 234 mln financing agreement with lender Hypo Real Estate for the AFI Cotroceni Park retail and office project in Bucharest.
-
PropertyEU Archive
C&W appointed agent for Ikea's Port Lodz project
Global real estate consultant Cushman & Wakefield (C&W) has been appointed the exclusive agent for Ikea's Port Lodz shopping centre project in Poland. The project is the seventh investment of its type by Inter Ikea Centre Polska in Poland.
-
PropertyEU Archive
Bank of Ireland fund buys Danish mall
US financial group AIG has sold Galleri K shopping centre in Copenhagen to a fund managed by Bank of Ireland Private Banking for an investment volume of DKK 1 bn (EUR 135 mln). Completely redeveloped by AIG Global Real Estate and Danish developer, Keops Development, Galleri K comprises 25 individual ...
-
PropertyEU Archive
Plaza Centers acquires sixth project in Romania
Plaza Centers, the emerging markets property developer, has acquired a 41,000 m[sup]2[/sup] site in the Transylvania region of Romania for the development of a shopping and entertainment centre.
-
PropertyEU Archive
New Star UK fund sells London office for EUR 170m
UK asset manager New Star has sold the office property at 60 Gracechurch Street in the City of London for £127.5 mln (EUR 170 mln), reflecting an initial yield of about 5.5%. The fund manager declined to name the buyer but said it received a number of offers for the ...
