All PropertyEU Archive articles – Page 463
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PropertyEU ArchiveBlackstone’s Zerda to rejoin LaSalle as head of European debt & special sits, Aznar becomes exec chair
LaSalle Investment Management announced on Thursday that Michael Zerda will be rejoining the firm to head up its debt & special situations platform and value-add equity strategies, spearheading higher return investment initiatives.
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PropertyEU ArchiveGlenhawk appoints former Bank of Ireland senior exec as head of product
UK alternative lender Glenhawk appointed Christie Cook to the newly created role of head of product in line with its strategy to grow the business and roll out several new products in 2021.
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PropertyEU ArchiveCrossbay appoints new head of Germany
European urban logistics platform Crossbay has appointed Clemens Goss to lead its German team.
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PropertyEU ArchiveLandlords rejoice after Berlin rent cap is found unconstitutional
Major residential landlords including the city’s largest landlords Vonovia and Deutsche Wohnen welcomed Thursday’s ruling by the German Federal Court on the unconstitutionality of the so-called Berlin rent cap (Mietendeckel) a year after its introduction in the German capital city.
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PropertyEU ArchiveLaSalle acquires Berlin resi project
LaSalle Investment Management has acquired a residential development in the Weißensee district of Berlin on behalf of the LaSalle E-REGI fund. The project, named ‘Lacus Quartier’, is a development with 230 units. It was acquired from Buwog and will be completed in April 2021. Financial details were not disclosed.
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PropertyEU ArchiveAareal finances EU Commission building in Brussels
German lender Aareal Bank has provided a €65 mln loan facility to Cicerone RE Holding for the iconic Mondrian office building in Brussels.
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PropertyEU ArchiveGermany sees lockdown drag on Q1 deals - CBRE
German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.
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PropertyEU ArchiveTokoro secures loan from Pbb for Paris CBD office
Real estate investment manager Tokoro Capital has closed a 60% Loan-to-Cost senior investment loan from German lender pbb Deutsche Pfandbriefbank, secured against its recently refurbished 86 Rue De Courcelles Grade-A office building in the 8th arrondissement of Paris.
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PropertyEU ArchiveSwedish city tests appetite for science park assets
Sweden’s second city Gothenburg is tapping into the appetite for science park property with the sale of three buildings.
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PropertyEU ArchiveBNP Paribas REIM appoints ADIA’s exec as global strategy head
BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed a global head of strategy to consolidate its growth objectives.
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PropertyEU ArchiveGermany’s Quantum snaps up 537 apartments in Berlin
A fund managed by Quantum Immobilien on behalf of a small group of pension funds has acquired 537 apartments in Berlin, in a forward funding deal with developer OFB Projektentwicklung (OFB) and Instone Real Estate.
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PropertyEU ArchiveDFI forward funds 462-bed student asset in Leicester
European private equity real estate investor Deutsche Finance International (DFI) has agreed to forward purchase a 462-bed purpose-built student accommodation (PBSA) opportunity in Leicester, UK.
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PropertyEU ArchiveKGAL raises €370m at first closing of German resi fund
KGAL Investment Management announced on Wednesday that it has raised €370 mln of equity commitments at the first close of its KGAL Wohnen Core 3 Fund.
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PropertyEU ArchiveQIP secures €26m loan from Invesco to refinance UK student digs asset
Q Investment Partners (QIP), a Singapore-based private equity real estate firm has announced a £23 mln (€26 mln) refinancing deal on 'Straits Village', its 300-bed UK Purpose-Built Student Accommodation (PBSA) complex in Nottingham, UK.
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PropertyEU ArchiveCatella resi fund secures €185m of equity from new German pension fund clients
Berlin-based Catella Residential Investment Management’s European Residential III fund has secured additional capital commitments totalling €185 mln from three new German pension fund clients, including NAEV, the retirement plan for medical professionals in the federal state of North Rhine-Westphalia.
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PropertyEU ArchiveBritish Land to pay €173m to take full control of retail park platform
UK REIT British Land said on Wednesday that it intends to buy the 22% interest it does not already own in the Hercules Unit Trust (HUT) for a price of £150 mln (€173 mln), in line with the March 2021 valuation.
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PropertyEU ArchiveTalks begin over Copenhagen’s €110m Start-up City
Domestic and international investors have expressed interest in a forward funding deal to acquire a 23,000 m2 development in Frederiksberg, Copenhagen.
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PropertyEU ArchiveCPI, Aroundtown launch €1.5b unsolicited bid for Globalworth
Globalworth Real Estate’s largest shareholders CPI Property Group and Aroundtown have announced plans to launch an unsolicited bid valuing the listed CEE commercial property owner at €1.57 bn.
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PropertyEU ArchiveUnion Investment seals shed deal in Venlo, the Netherlands
German investment giant Union Investment has acquired a logistics project in Venlo, the Netherlands, in a sale-and-leaseback deal with Hessing BV.
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PropertyEU ArchivePatrizia snaps up mixed-use asset in Munich
Global real estate investor Patrizia has acquired a landmark mixed-use, multi-tenanted building in Munich, Germany, from Rock Capital Group (RCG), on behalf of its institutional clients.
