All PropertyEU Archive articles – Page 215
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PropertyEU ArchiveMIPIM: ‘We are at a turning point and that is good for real estate’
Real estate fares well in times of high inflation but the current macroeconomic climate will see investors and asset managers review their strategies, according to Kurt Jovy of fund manager Universal Investment.
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PropertyEU ArchiveKajima and Griffin team up to take control of major Polish photovoltaic firm
European developer-investor Kajima Europe has joined forces with CEE private equity firm Griffin Capital Partners to take a 70% stake in Hymon, Poland's largest photovoltaic installation company.
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PropertyEU ArchiveSavills IM expands German capital raising team
Savills Investment Management has strengthened its German capital raising team with the appointment of Viola van der Bosch as director of business development.
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PropertyEU ArchiveCapital growth falls to lowest level since GFC, Inrev says
The INREV Quarterly Fund Index Q4 2022 reveals a significant downturn in performance, as real estate prices adjust to reflect the weaker economic environment, with capital growth falling to the lowest level recorded since the global financial crisis (GFC).
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PropertyEU ArchivePullman hotel in Cannes changes hands
Joa, a French casino company owned by Blackstone and Kings Park Capital, has sold the Pullman Cannes Mandelieu Royal Casino for an undisclosed amount to Poseidon Hospitality – an entity owned by Luminare and Unik Group.
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PropertyEU ArchiveMIPIM: ‘Developing and building in Germany not worth it at the moment’
The German rental residential market is at a standstill, despite strong demand, according to CEO Jörg Kotzenbauer of German asset and fund manager ZBI.
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PropertyEU ArchiveUncertainty and lack of finance hold back real estate deals, say ULI and PwC
The economic outlook for real estate contains major areas of uncertainty driven by ongoing increases in interest rates and lack of debt and equity capital available, resulting in low liquidity, concerns about refinancing of existing loans and a ‘wait and see’ mode across the industry, according to the new Emerging ...
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PropertyEU ArchiveMIPIM: GLP Europe powers ahead with new renewable energy division
GLP Europe, part of Singapore-based logistics developer and investor GLP, is making headway with its newly established renewable energy division by focusing on generating clean energy from ‘unused space’.
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PropertyEU ArchiveCIM brings €9.4b credit business to Europe
CIM Group, a real estate and infrastructure owner, operator, lender and developer, has expanded its $10 bn (€9.4 bn) Real Estate Debt Solutions platform to Europe, with initial plans to originate primarily whole loans on transitional assets as well as core mezzanine loans across the UK and key Western European ...
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PropertyEU ArchivePrincipal AM picks up 4th asset for European logistics fund
Principal Asset Management has acquired a fourth asset for Log In, a SCPI dedicated to European industrial real estate, marking its entry into the Italian market.
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PropertyEU ArchiveMatter launches resi rental strategy in Denmark targeting €270m portfolio
London-based Northern Europe-focused investor Matter Real Estate has announced the launch of a new residential rental platform focusing on the Danish single-family market to build a portfolio of over DKK 2.0 bn (€270 mln) of assets.
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PropertyEU ArchiveSainsbury's acquires 21 supermarket stores in €490m deal
Supermarket Income REIT has announced the sale of its interest in the Sainsbury’s Reversion Portfolio (SRP) to Sainsbury's for a total of £431 mln (€490 mln).
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PropertyEU ArchiveColliers revises up its UK property returns predictions for 2023
All property returns in the UK are predicted to grow by 5.3% in 2023 and 10.8% in 2024 according to Colliers’ latest Real Estate Investment Forecasts (REIF), an upward revision from the 3.1% and 9.1% the firm predicted in its Q4 2022 report.
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PropertyEU ArchivePrimonial REIM wins exclusivity on €2.6b healthcare property deal
French asset manager Primonial REIM has made a giant step forward in its plans to raise its exposure to the healthcare property sector by sealing an exclusivity agreement to acquire Icade’s stake in its healthcare arm, Icade Santé, as well as the €850 mln asset portfolio owned by Icade Healthcare ...
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PropertyEU ArchiveHalf of UK office landlords need help with sustainability – study
New research exploring the state of sustainability within the UK office market has revealed significant challenges facing landlords on the path to net zero.
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PropertyEU ArchiveMIPIM: Real IS CEO - ‘Interest rates went up too fast’
The sharp rise in interest rates over the last 18 months has been ‘too much for the market', with no time for it to find a new balance, according to Jochen Schenk of German asset manager Real IS.
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PropertyEU ArchivePalm Capital hires Gebauer as senior partner to support growth in Germany
Pan-European investment manager Palm Capital has appointed Alex Gebauer as senior partner to help build the firm’s presence in Germany, where it plans to open an office later this year.
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PropertyEU ArchiveKGAL sells London office block to Japan’s Obayashi
German asset manager KGAL Investment Management has sold the office building at 60 Gracechurch Street in the City of London to Obayashi Corporation, one of Japan’s largest construction companies.
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PropertyEU ArchivePbb and Amundi team up on fund origination
Pbb Deutsche Pfandbriefbank and Amundi Deutschland, a subsidiary of European asset manager Amundi, are to work together on distributing pbb’s planned open-ended special fund to institutional investors.
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PropertyEU ArchiveMore than 75% of European offices at risk of obsolescence – research
More than three-quarters (76%) of Europe’s office buildings are at risk of obsolescence by the end of this decade unless landlords invest in improvements or find alternative uses, new research from Cushman & Wakefield reveals.
