Latest reports – Page 490
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PropertyEU ArchiveBrent Cross Town secures €111.7m green loan from LaSalle
Related Argent and joint venture partner Invesco Real Estate have appointed the main contractor and secured the debt finance for the development of Brent Cross Town’s second Build-to-Rent (BTR) building, enabling construction of 286 new homes.
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PropertyEU ArchiveDivergence in rising European resi rents and falling house prices widens – Catella
The growing divergence between rising residential rents on huge unmet demand for homes and falling property values is continuing to widen in Europe’s €1.6 trl housing markets.
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PropertyEU ArchiveGet Living wins €172m refinancing with PGIM for major Stratford project
UK BTR operator Get Living has finalised a £150 mln (€172 mln) refinancing of Portlands Place in Stratford, UK.
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PropertyEU ArchiveShurgard launches €300m capital increase to fund growth
European self-storage property specialist Shurgard has announced the launch of a share capital increase in cash for an amount of €300 mln.
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PropertyEU ArchiveCovivio and AccorInvest ready €470m hotel asset swap
Covivio's hotel arm has entered into exclusive negotiations with AccorInvest to consolidate their jointly held hotel properties and operations in a €470 mln deal.
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PropertyEU ArchiveIngka to close Brighton shopping centre acquisition at 11% yield
Ingka Centres, part of Ikea, is about to close its acquisition of Churchill Square shopping centre in Brighton for approximately £145 mln, some £30 mln below the price mooted earlier this year.
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PropertyEU ArchiveEuropean office occupancy levels climb to 57% - Savills
Average office occupancy rates across eight major European markets have risen in the last six months from 55% to 57%, according to new research from Savills.
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NewsAlterra outdoor storage industrial fund secures $70m from SFERS
Alterra IOS Venture III expected to close in first quarter of 2024
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NewsLouisiana Teachers backs KSL Capital fund with $125m commitment
KSL Capital Partners Tactical Opportunities Fund II seeks to raise $1bn
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NewsStokado acquires smaller Polish self storage firm Top Box
Redefine Properties and Griffin Capital’s Polish self-storage company adds 4,500sqm to portfolio
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NewsContinental Realty expands into Southern California retail property market
Continental Realty Opportunistic Retail Fund buys SoCo in Costa Mesa for $110m
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NewsGet Living secures £150m refinancing deal with PGIM Real Estate
PGIM Real Estate’s European senior debt platform refinances Portlands Place in Stratford
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PropertyEU ArchiveSimon’s €750m bond issuance drives speculation over its ownership plans for Klépierre and Value Retail
On Tuesday, Simon Property Group announced a €750 mln 3-year unsecured bond issuance exchangeable into existing ordinary shares in Klépierre, the second largest shopping centre owner in Europe with around €17 bn of assets.
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PropertyEU ArchiveOutlet centres: nearly 600 additional brands have appeared since July 2022
Retail outlet centres have seen a significant leap in retail and leisure brand growth in the past year, according to a newly-released industry report.
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PropertyEU ArchiveUK’s Picton, UK Commercial Property REIT in €2.3b merger talks
Picton, a UK diversified property company that was first launched on the London Stock Exchange in 2005 as ING UK Real Estate Income Trust, might be about to merge, adding around £1.27 bn (€1.46 bn) to its £766 mln of assets if successful.
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PropertyEU Archive
PwC, ULI: current valuations ‘do not accurately reflect’ situation
An influential annual report published by the Urban Land Institute (ULI) has said that 75% of real estate leaders agree current valuations ‘do not accurately reflect’ all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.
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PropertyEU ArchiveVGP buys car giant site in Saclay, Paris
VGP, the listed Belgian developer of logistics and business parks, has acquired a large site currently occupied by car giant Stellantis in the Saclay district in Paris.
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PropertyEU Archive‘Weak’ real estate market sees Pbb’s bad loan provisions almost treble
Pbb, the listed German pfandbriefbank, has significantly increased risk provisioning in its loan book and slashed its 2023 profit forecast.
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PropertyEU Archive
Cofinimmo finally completes two-year sales process
Brussels-listed real estate company, The Cofinimmo Group, has finally completed the disposal of its Cofinimur I portfolio, which consisted of insurance agencies leased to the French group MAAF, for around €111 mln.
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PropertyEU ArchiveQue sera, sera: CBRE buys advisory firm, looks to the future
In November 2021, the leader of what was then described as a ‘challenger’ advisory firm sat down with PropertyEU to explain the background to Sera Global. Fast forward exactly two years, and now CBRE owns it.
