Latest reports – Page 3667
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News
IVG fires fund arm board member
GERMANY – Siegfried Cofalka has been fired with immediate effect as board executive at OIK, the fund arm of listed German real estate firm IVG Immobilien. IVG declined to disclose the reason for its abrupt dismissal of Cofalka but said Peter...
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News
Phillips Edison to market new commingled fund
UNITED STATES - Smaller retail properties are among the most difficult for pension funds to buy on their own in the United States – at least that is what Phillips Edison & Company is banking on as it prepares to market its next commingled f...
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News
West Midlands awards ING £560m property mandate
UK - The £7.8bn (€11.6bn) West Midlands Metropolitan Pension Fund has awarded ING Real Estate a £560m advisory mandate to manage its UK direct property portfolio. The deal – one of UK’s largest pension fund property man...
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News
ING Clarion to create global opportunity space
UNITED STATES - ING Clarion Partners is establishing a global opportunity platform with the hiring of David Gilbert as a managing director and portfolio manager. This new entity will see the real estate manager pull together opportunity funds to i...
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PropertyEU Archive
Savills buys Hamburg property manager
International property advisor Savills has acquired a majority stake in Theodor Schone, Hamburg’s oldest property management company, for an undisclosed sum. Theodor Schone, wwhich was established in 1921, will trade under the name Savills Immobilien Management Hamburg.
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PropertyEU Archive
Magnat purchases 45% stake in Kiev office tower
Magnat Real Estate Opportunities has acquired a 45% stake in an office tower development in Kiev, Ukraine. The total budget for the project, including construction costs, is about $90 mln (EUR 65.2 mln), bringing Magnat’s share of the total investment to about $40 mln (EUR 29 mln).
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PropertyEU Archive
Jaguar Capital buys and sells in London
Irish wealth manager Jaguar Capital has sold a prime office property in the City of London known as Thames Court for £183 mln (EUR 273 mln) to an unnamed US financial institution. At the same time, it has bought another London office property called Becket House for £98 million (EUR ...
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PropertyEU Archive
GPT Halverton picks up five office buildings in the Netherlands
Real estate investment company GPT Halverton has acquired five office buildings in the Netherlands for its pan-European office fund H20 for an undisclosed sum. The properties, located in the towns of Huizen, Hoofddorp, Ridderkerk and Nieuwegein, were acquired from an unnamed private investor and comprise a total space of 7,700 ...
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PropertyEU Archive
CGG adds shopping mall to Hausinvest fund
Commerz Grundbesitz Gruppe (CGG) has bought a EUR 125 mln stake in the Stadtgalerie shopping centre currently under construction in Schweinfurt, Germany. CGG acquired the stake for its Hausinvest Europa Fund and will partner developer ECE Projektmanagement in the project. Total investment in the mall is put at EUR 170 ...
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PropertyEU Archive
Hypo Real Estate acquires Irish Depfa Bank
German property financier Hypo Real Estate announced on Monday that it is acquiring Depfa Bank of Ireland for around EUR 5.7 bn. The takeover sum represents a premium of 17% on Depfa's closing price on Friday. The deal will result in one of Germany's biggest banks with total assets of ...
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PropertyEU Archive
Delek Real Estate unit buys offices in Germany
Delek Global Real Estate, the property arm of Israeli conglomerate Delek Group, said it has bought two office complexes in Germany for EUR 18.53 mln through a foreign subsidiary it owns jointly with Delek Global Real Estate.
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PropertyEU Archive
Wereldhave snaps up retail centre in Spain
Dutch property group Wereldhave said on Monday it has acquired a retail and leisure centre in Collado Villalba, Spain, for EUR 53 mln. The net initial yield on the property amounts to 6.25%. Wereldhave bought the complex from private Spanish company Invers Oil.
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PropertyEU Archive
Catella Real Estate obtains banking licence
Munich-based Catella Real Estate AG announced on Monday that it has been granted a banking licence ahead of its launch in the next few weeks of a new Focus Nordic Cities fund. Catella said the fund will make its first property investments in Norway and Sweden.
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PropertyEU Archive
Delta City shopping mall fully leased
Shopping mall developer Delta has announced that Serbia's first international style-shopping mall in Belgrade, Delta City, is now 100% leased ahead of its scheduled opening this November.
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PropertyEU Archive
Listed Spanish firms see eight-fold rise in debt
Real estate companies and developers listed on the Spanish stock exchange chalked up a record EUR 111 bn of debt at the end of last year, an eight-fold increase on the EUR 14.43 bn registered in 2001, according to the latest report from the country's stock market regulator CNMV.
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PropertyEU Archive
Equest Balkan purchases properties in Romania and Serbia
Equest Balkan Properties, an Isle of Man registered commercial property investment company focused on South Eastern Europe, has purchased a retail warehouse centre in Romania and a Serbian property portfolio.
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PropertyEU Archive
Hines' pan-European fund snaps up Paris office for EUR 120m
International real estate company Hines said that its Hines Pan-European Core Fund (HECF) has acquired the Eurosquare 1 office building in St. Ouen, Paris, from Tishman Speyer for about EUR 120 mln. Located in the growing business district of St. Ouen, on the northern section of the Paris ring road, ...
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PropertyEU Archive
Broadreach Capital buys 85% of Dolce International
Dolce International, the conference centre and hospitality group owning 26 hotels and conference centres across North America and Europe, said it is to carry out a major recapitalisation aimed at repositioning itself as a pure play management company as well as allowing rapid expansion in the US and Europe.
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PropertyEU Archive
Hilton completes sale of 8 European hotels to Morgan Stanley
Hilton Hotels Corporation has said that it has completed the sale of eight European hotels to a fund managed by Morgan Stanley Real Estate. They constitute part of a packet of ten hotels that Hilton agreed to sell to Morgan Stanley earlier this year. The sale of the last two ...
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PropertyEU Archive
Citycon's first half pre-tax profit rises to EUR212.5m
Finland's Citycon said that its pre-tax profit for the first six months of 2007 rose to EUR 212.5 mln, up from EUR 95.8 mln for the same period last year, helped by an EUR 191.6 mln increase in the fair value of investment properties. Turnover in the period rose 27.5% ...
