Latest reports – Page 3578
-
PropertyEU Archive
Italian government issues tender for Turin properties
The Italian government has launched a public tender for the 50-year lease concession of a package of seven properties in the province of Turin. The tender marks the continuation of Valore Paese, a project initiated by the tendering agency Agenzia del Demanio to revitalise, redevelop and economically exploit state-owned real ...
-
PropertyEU Archive
Allianz sells portfolio to Whitehall Funds for EUR 1.7 bn
German insurer Allianz has sold a portfolio of 190 office properties to the Whitehall Funds for EUR 1.7 bn. The move is in line with Allianz's strategy to rebalance its real estate portfolio and follows the sale of a tranche of properties worth some EUR 1.3 bn to IVG in ...
-
PropertyEU Archive
Segro seals sale-and-leaseback deal in Germany
UK-listed property REIT Segro has agreed a sale-and-leaseback deal with Mannesmann Plastics Machinery (MPM) for three industrial sites in Germany, at Munich, Nuremberg and Hanover. The leaseback period is for a minimum term of 15 years and the transaction represents a net initial yield of 7.1%. The value of the ...
-
PropertyEU Archive
GPT Halverton establishes first retail fund
UK-based property investor GPT Halverton has set up its first retail property fund, the German Retail Property Fund (GRP), after raising a total of EUR 136.5 mln in equity among institutional European and international investors.
-
PropertyEU Archive
Hansa Invest set to buy Hammerson's One London Wall
German fund manager Hansa Invest is reportedly set to buy the 125-year leasehold interest in the new City of London development, One London Wall, from UK developer Hammerson and Japanese construction firm Kajima. According to UK real estate publication Property Week, Hansa Invest is spending some £145 mln for the ...
-
PropertyEU Archive
Orco purchases property in Luxembourg for HQ
Orco Property Group has acquired the CAP2 building in Capellen, Luxembourg, from Belgian redeveloper Banimmo for EUR 31.5 mln. Orco, which is based in Luxembourg, will use part of the property as its headquarters. The building comprises 7.750 m[sup]2[/sup] and has 750 parking spaces. It is almost entirely let to ...
-
PropertyEU Archive
Delek acquires 12 supermarkets from Metro
Israeli-backed property investor Delek Global Real Estate (DGRE) has bought 12 supermarkets in Germany from retailer Metro for EUR 243 mln. Under the sale-and-leaseback deal, Metro subsidiary Real will lease 10 of the supermarkets until 2022 and the other two until 2020 and 2021 at an average annual total of ...
-
PropertyEU Archive
Puma Brandenburg to acquire 45 retail properties in Germany
Puma Brandenburg, a Guernsey registered closed-ended investment company that invests in German real estate, has reached a legally binding agreement to buy 45 edge-of-town retail properties for just over EUR 108 mln, excluding acquisition costs. The properties comprise almost 55,000 m[sup]2[/sup] of lettable retail area and are leased to German ...
-
PropertyEU Archive
Corio increases ownership in Le Balzac office building
Dutch property company Corio has announced the acquisition of an additional 30% of the shares in Le Balzac office building in the Courbevoie-La Defénse business district of Paris from the Dutch pension fund for metalworking and mechanical engineering employees.
-
PropertyEU Archive
Corio acquires Marseille shopping centre for EUR 385m
Dutch property company Corio has acquired the Grand Littoral shopping centre in the French port city of Marseilles from Paris-based insurance company Macif for EUR 385m. Grand Littoral comprises 110,000 m[sup]2[/sup] of gross lettable area (GLA) and 5,000 parking spaces. The shopping centre is the fourth largest in France and ...
-
PropertyEU Archive
Aberdeen buys German fund manager Degi
UK-listed Aberdeen Asset Management has acquired German fund manager Degi from Dresdner Bank for EUR 110 mln, the two parties announced last week. Aberdeen said the acquisition will strengthen the position of its property investment division, Aberdeen Property Investors, in the strategically important German market, increasing assets under management by ...
-
PropertyEU Archive
DIC Asset acquires mixed portfolio in Germany for EUR 173m
Frankfurt-based real estate company DIC Asset has purchased a mixed portfolio of 13 properties in Germany from iii Investment's Euromobil fund for EUR 173 mln. The properties are located in major cities such as Munich, Frankfurt, Wiesbaden, Flensburg and Leipzig. About 60% of the 77,000 m[sup]2[/sup] portfolio is used for ...
-
PropertyEU Archive
Skanska sells office project in Budapest
Swedish construction and property company Skanska is selling the Nepliget Center office project in Budapest for EUR 72.2 mln to an unnamed international real estate fund. The project comprises a total of 26,000 m[sup]2[/sup] and will be built in three phases, with final completion due in 2009.
-
PropertyEU Archive
MGPA jv sells refurbished office building in Paris
Macquarie Global Property Advisors (MGPA) said on Thursday that its joint venture with French real estate investment and development company GCI has agreed to sell the Capitale Sud office building in Montrouge, south of Paris, to French mutual fund Uneo for EUR 64 mln.
-
PropertyEU Archive
Helaba completes financing for Polonia II fund
German bank Helaba Landesbank Hessen-Thuringen announced on Thursday that it has put together a EUR 300 mln cross-border acquisition and term-loan facility for the Polonia II real estate fund. The eight-year facility covers investments in major CEE markets, including Poland, the Czech Republic, Hungary and Slovakia. Helaba acted as arranger ...
-
PropertyEU Archive
XXI Century secures finance for four projects
XXI Century, the Ukrainian property investor-developer, has arranged credit facilities totalling EUR 45 mln with the local offices of BNP Paribas and Alfa banks. The facilities will be used primarily to finance the development of four modern shopping centres in Ukraine - Kvadrat Balzaka and Kvadrat Myloslavska in Kiev and ...
-
PropertyEU Archive
Eurocommercial Properties concludes buyback programme
Euronext-listed Eurocommercial Properties (ECP) announced on Thursday that it has finished its buyback programme, having acquired a total of 376,500 depositary receipts to cover outstanding employee stock options. As a total of 300,500 depositary receipts were required for employees who exercised their options, ECP said it expected no further exercises ...
-
PropertyEU Archive
Europa Fund II acquires retail site in Slovakia
Independent real estate fund manager Europa Capital announced on Thursday that it has acquired the controlling interest in a 3.6-hectare site close to the centre of Presov, the third largest city in Slovakia, for the development of a 30,000 m[sup]2[/sup] shopping centre. The acquisition was carried out with ConvergenCE, Europa's ...
-
PropertyEU Archive
Hahn announces placing of retail fund
Hahn Group, a investment specialist for large-scale retail properties, has announced the placing of its new fund, Pluswert fund 143, within five months. The closed-end fund has a volume of EUR 65 mln and will invest in a portfolio of four hypermarkets and a retail warehouse centre in the ...
