Latest reports – Page 3774
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PropertyEU Archive
DEGI in 2nd Italian retail purchase
Property investment manager Deutsche Gesellschaft für Immobilienfonds (DEGI) has acquired the Borgogioioso shopping centre through its open-ended property fund DEGI International for EUR 51.5 mln.
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PropertyEU Archive
Kungsleden buys NMG for EUR 100 mln
Swedish listed property company Kungsleden has acquired the Swedish property company Nordic Modular Group (NMG) from the private equity firm 3i for EUR 100 mln. NMG lets over 150,000 m[sup]2[/sup] of premises in modular buildings, and has around 220 employees. In a press release, Kungsleden said that NMG sales came ...
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News
ING announces close of CEE property fund
REAL ESTATE – ING Real Estate Investment Management has closed the ING Property Fund Central and Eastern Europe, the firm announced today.
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News
Two US plans to invest in €365m in commingled funds
REAL ESTATE - Two pension fund clients of The Townsend Group, a leading real estate pension fund consultant in the US, will be investing up to $475m(€365m) in two commingled funds. The investment funds involved in the commitments are Colony ...
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News
Cofinimmo to sell property after losing gov't contract
REAL ESTATE - Belgian real estate company Cofinimmo told IPE Real Estate that it would sell off some of its property after losing a portfolio of state-owned buildings to rival Befimmo. "After looking at recent price levels, we’re look...
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News
US institutions: over-liquid and over here
REAL ESTATE - CalPERS’ investment in European real estate will spur other US pension funds to invest in European office and retail, according to Henderson Global Investors. "If the logic has been accepted by CalPERS, it will be accept...
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News
HVB sells real estate non-performing loans
REAL ESTATE - Hypovereinsbank (HVB) has sold a third portfolio of non-performing real estate loans to Goldman Sachs for an undisclosed price. The portfolio, which the German bank sold by competitive auction, comprises loans in the lowest risk cla...
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News
Rodamco buys into Moscow retail market
REAL ESTATE - Real estate investor Rodamco Europe has set a first step onto the Moscow property market, by acquiring a 50% stake in the retail centre-under-development Metropolis, it has announced. Its investment of €200m in the ‘top-...
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News
Clarion creates new US hospitality unit
REAL ESTATE - Clarion Partners figures to become a major player in the investment of hotels with its creation of a new investment unit, The ING Clarion Hospitality Group. This was established to take over responsibility of the real estate manager...
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News
German firm criticises G-REITs legislation
REAL ESTATE – German property firm IVG Immobilien has lambasted the government legislation creating German real estate investment trusts (G-REITs), saying that unless it is improved, G-REITs will not be successful. Germany’s parliament...
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News
ABP declares interest in running Dutch toll roads
REAL ESTATE – The €201bn civil service pension fund ABP is willing to operate one or more motorways in the Netherlands as toll roads, its chairman Elco Brinkman said. The conditions are that ABP would get the rights for at least 30 yea...
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News
UK green-belt residential gets gov't okay
REAL ESTATE - A campaign to scupper the construction of a satellite town in England’s greenbelt has slated landowner the BP Pension Fund as "secretive" and "unresponsive". The remarks, made by Nigel Clarke of the St...
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PropertyEU Archive
IPD European conference takes global prospective
Only now with the development of global property investment businesses can European investors examine real outcomes of the global strategies they have been mulling in recent years, according to the property index provider IPD. Expanding from its own European focus, the IPD has said its 9th European Property Investment conference ...
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PropertyEU Archive
Keops sells holiday complex in Spain
Danish-based Keops has sold the holiday residence project Bahia-Fenicia on the Spanish south coast to Niels K. Thygesen. The price for the transaction was not disclosed but Keops said the value reaches the three digits, therefore 'ensuring that Keops' total investment in the project is repaid'.
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PropertyEU Archive
Castellum buys EUR 54 mln Swedish properties
Swedish property company Castellum has acquired eight Swedish properties for a total investment of EUR 54 mln. In a press release, the group said it has also sold two premises with a total lettable area of 8,600 m[sup]2[/sup] for EUR 3.2 mln.
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PropertyEU Archive
Tour Eiffel buys Cogema HQ for EUR 55 mln
French property company Societe de la Tour Eiffel has acquired the headquarters of energy company Cogema for EUR 55 mln. The office development, situated in Velizy, northern France, comprises a 12,200 m[sup]2[/sup] tower, constructed in 1980, and a 5,620 m[sup]2[/sup] 'Energy park' area, developed in 1991.
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PropertyEU Archive
Metrovacesa makes bid for Spanish office market
Spanish property giant Metrovacesa has acquired three plots of land with a total area of 73,000 m[sup]2[/sup] in Madrid and Barcelona for the development of three business parks. The company said in a press release it intends to invest around EUR 300 mln in the sites. 'Metrovacesa is making a ...
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PropertyEU Archive
CBRE expands into Kazakhstan
Global property advisor CB Richard Ellis has signed an affiliation agreement with Scot Holland Estate, one of Kazakhstan's leading real estate services companies. Scot Holland is based in Almaty, the largest city and major commercial centre in Kazakhstan. The company employs 50 people in four offices.
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PropertyEU Archive
Henderson, Invista REIM to renew Hull's shopping mall
Henderson Global Investors and Invista are to refurbish and extend Hull's Prices Quay shopping centre on the English east coast. Kingston-upon-Hull City Council has granted planning permission for the UK companies to increase the current floor space by about 46,451 m[sup]2[/sup].
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PropertyEU Archive
ING REIM acquires Spanish mall for EUR 50 mln
ING Real Estate Management (ING REIM) has announced the acquisition of Ociopia shopping centre in Alicante, Spain for about EUR 50 mln from Spanish developer Grupo Inerzia. ING said the scheme is the seventh income-producing asset in the portfolio of ING Retail Property Partnership Southern Europe.
