Latest reports – Page 3708
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PropertyEU Archive
Marsh sets up global real estate practice
Marsh, the US-based risk and insurance services firm, has established a global real estate practice. The new unit is headed by Jeffrey Alpaugh, an 18-year veteran of the insurance and risk management business. He will report to James Enelow, head of Marsh's Industrial Practices. 'As real estate investment firms continue ...
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PropertyEU Archive
Retailer Clas Olson debuts in UK
Clas Ohlson has appointed property advisor Jones Lang LaSalle to help in its search for stores in the UK, Property Week reported. The listed Swedish DIY and home electrical products chain aims to open up six stores in city-centre locations in the southeast of the country. Clas Ohlson has 70 ...
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PropertyEU Archive
UK investor secures Europe's largest retail property deal
Private property investment company Boultbee has won the bid to acquire CentrumKompaniet, the City of Stockholm's portfolio of ten shopping centres for more than SEK 10 bn (just over EUR 1. bn) in what has been described as the biggest retail property deal in Europe so far this year.
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PropertyEU Archive
REIT Europe and Aedes in joint venture
REIT Asset Management has teamed up with Italy’s Aedes Investment Management to launch a £ 5 bn (EUR 7 bn) global investment company, Property Week reported. The 50-50 joint venture between REIT Europe and Aedes Investment Management, a subsidiary of Aedes International, will be called Escalia Capital. The new company ...
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PropertyEU Archive
Grupo Lar buys three malls from SEB Immobilien
Spanish real estate company Grupo Lar has purchased three shopping centres from Germany's SEB Immobilien Investment for EUR 116 mln. Grupo Lar announced to the Spanish media that the acquisition was made with Morgan Stanley, whcih holds a 17% interest in the property company. The three malls are the 16,000 ...
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PropertyEU Archive
Carlyle Group sells offices to Italian fund
BNL Fondi Immobiliari SGR, on behalf of the Immobiliare Dinamico fund, has acquired a portfolio of four office buildings from The Carlyle Group. The properties are located in Milan and Rome, and comprise a total lettable area of almost 60,000 m[sup]2[/sup] 51,922 square meters. The seller said the portfolio's pre-tax ...
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PropertyEU Archive
Reech AIM and CBRE launch real estate hedge funds
Property advisory firm CB Richard Ellis and fund manager Reech AiM said their [property fund joint venture is planning to launch up to six real estate hedge fund strategies, to meet burgeoning demand for property investments.
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PropertyEU Archive
IStar links up with Moor Park
IStar Financial, the US REIT, has formed an exclusive partnership with Moor Park Capital Partners of the UK, according to a report in Property Week. The company, which acts as a banker providing debt to private and corporate owners of real estate, will invest equity in funds managed by Moor ...
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PropertyEU Archive
Hannover Leasing in largest single asset deal in Central Europe
Hannover Leasing has announced the acquisition of the largest downtown business and shopping centre in the Czech Republic for more than EUR 500 mln. The Palladium is centrally located in Prague's inner city, and includes about 19,500 m[sup]2[/sup] in office space, 200 stores plus cafes and restaurants on more than ...
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PropertyEU Archive
Deutsche Land acquires office buildings for EUR 91m
Deutsche Land, an investor in German commercial property, has acquired several office buildings and a warehouse within a commercial complex in the south-west of Germany. The transaction price of EUR 91 mln reflects an initial yield of approximately 8%. Major tenants within the complex include a large US technology company ...
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PropertyEU Archive
Hypo completes EUR 280m financing for hotel purchase
Hypo Real Estate Bank International has provided a EUR 280 mln financing facility for the Invesco European Hotel Real Estate fund. US-based Invesco Real Estate will use the facility for the acquisition of hotels across Europe in the budget hotel sector, Hypo Real Estate Bank International said. The transaction was ...
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PropertyEU Archive
Metro Baltic buys office complex in St Petersburg
Metro Baltic Horizons has acquired a 16,000 m[sup]2[/sup] office complex in St Petersburg for EUR 39 mln. The deal marks the property investment company's first transaction since its raised EUR 39 mln in an IPO on the AIM market of London Stock Exchange last December. The office complex comprises six ...
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PropertyEU Archive
Plaza Centers transfers malls to Klepierre
Plaza Centers, a property developer focused on Central and Eastern Europe, has formally completed the handover of the Rybnik Plaza and Sosnowiec Plaza Shopping and Entertainment centres in Poland to French property company Klepierre. Both shopping malls were sold prior ro completion to Klepierre in July 2005. The centres opened ...
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PropertyEU Archive
UAE developer woos Ahold boss
Swede Anders Moberg is to take the helm at shopping mall developer Majid al Futtaim (MAF) in the United Arab Emirates (UAE) on 1 July when he steps down as ceo of Dutch retail chain Ahold. Moberg, 57, takes over at MAF from Francois de Montaudouin who leaves the company ...
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PropertyEU Archive
Kenmore opens office in Berlin
Kenmore Property Group has opened its first German office in Berlin, with Daniel Herrmann appointed as managing director. Kenmore has been active in the German market since early 2005 and has approximately EUR 140 mln of assets under management in Germany. The company is seeking to increase the volume of ...
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PropertyEU Archive
Hochtief starts construction of Prague's Trianon building
German developer Hochtief said that construction work is starting on the Trianon complex in Prague's fourth district in the second quarter of 2007, as final planning permission has now been granted. The office complex was previously sold to Hamburg-based Union Investment Real Estate, which also owns a 49% stake in ...
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PropertyEU Archive
Law firm leases space in 'Hitler's London HQ'
Property consultant Nelson Bakewell's (NB) City Office has let the fourth floor of Ibex House in London to law firm Field Fisher Waterhouse (FFW). Ibex House is the iconic Grade I-listed building dating from the 1930's on the Minories - which is believed to have been Adolf Hitler's proposed headquarters ...
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PropertyEU Archive
Henderson, MFI launch EUR 2 bn German shopping centre fund
Henderson Global Investors and Germany's Management für Immobilien (MFI) have announced the creation of a EUR 2 bn German shopping centre fund. The closed-ended fund will offer international and domestic investors exposure to high-end specialist retail property throughout Germany, the parties said.
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PropertyEU Archive
Eur to double its property portfolio
Italy's Eur SpA is planning to double its property portfolio from the current EUR 670 mln to EUR 1.2 bn over the next five years, Eur said in a statement. The listed company manages assets in Rome's central Eur district and is 90%-owned by the ministry of economic affairs with ...
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PropertyEU Archive
Magnat RE sells in Ukraine and Germany
Magnat Real Estate has signed contracts for the sale of its Podillja and Vossbergstrasse projects respectively in the Ukrainian town of Chemelnitzky and in the German capital city of Berlin. The Podillja project comprises the development of a wholesale market in the town of Chemelnitzky, which is the most important ...
