All PropertyEU Archive articles – Page 575
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PropertyEU ArchiveUnion’s Hamburg deal closed at 2.6% initial yield
Union Investment’s acquisition of Hamburg’s Ericus-Contor building was made at a price of about €185 mln and a 2.8% gross and 2.6% net initial yield.
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PropertyEU ArchiveItalian insurer Vittoria buys €400m of offices from York Capital and Stoneweg
Italian insurance firm Vittoria Assicurazioni has completed the acquisition of three Italian offices from US investor York Capital and Swiss asset manager Stoneweg for a total of €400 mln.
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PropertyEU ArchiveM7 eyes Asian capital as it sells minority stake to Hong Kong’s TTB
European privately-owned multi-let specialist M7 announced on Friday that it has gained a new shareholder with the sale of a minority stake in the business to Hong Kong investment firm TTB Partners.
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PropertyEU ArchiveInstitutional investors call for ‘paradigm shift’ in buildings' energy efficiency ahead of EU’s Rebuild Europe plan
Investors including Allianz Investment Management, ING, Swedbank, Triodos, European Mortgage Federation, and DWS are proposing the EU to incorporate a number of green measures for buildings, including the creation of mandatory minimum carbon performance requirements, as part of the EU Rebuild Europe plan to be unveiled next week.
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PropertyEU ArchiveWeekly data sheet: Retail & hotel deals hit by pandemic
Acquisitions of office, industrial and alternatives completed last week, while assets withdrawn or postponed due to the effects of the pandemic include retail and hotels.
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PropertyEU ArchiveL&G hires European head of real estate debt
LGIM Real Assets (Legal & General) has hired James Spencer-Jones from Cushman & Wakefield as its new head of Real Estate Debt, Europe, and established a new Private Credit Leadership Team as it looks to continue and grow its private credit business for the future.
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PropertyEU ArchiveGermany's deal volume falls just 24% during pandemic - research
While the count of commercial property deals in Europe has dropped sharply due to the impact of the Covid-19 crisis, Germany is proving one of the most resilient territories for transactions, according to new research from Real Capital Analytics (RCA).
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PropertyEU ArchiveMoorfield snaps up UK show homes in 77-asset deal
Moorfield Group, the UK real estate private equity fund manager acting on behalf of Moorfield Real Estate Fund IV (MREF IV), has acquired a 93,000 ft2 (8,640 m2), 77 show home portfolio from privately-owned housebuilder Avant Homes for £20 mln (€22.24 mln).
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PropertyEU ArchiveCatella fund acquires office-to-resi conversion
Maastricht-based Catella IM Benelux (CIMB) has acquired a housing development in the Dutch town of Zeist on behalf of the Catella Dutch residential fund ll, for approximately €18 mln from Green Living Investments.
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PropertyEU ArchiveGriffin Real Estate boosts private equity arm
Griffin Real Estate, a Polish investment manager focused on private equity real estate in CEE, has appointed Tomasz Mrowczyk as senior partner.
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PropertyEU ArchiveSES launches 'first brand new mall to open post lockdown'
Austrian shopping centre developer and operator Spar European Shopping Centers (SES) has finally launched its latest scheme in Ljubljana, Slovenia, after a two month delay caused by the pandemic.
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PropertyEU ArchiveCountrywide pursuing buyer for damages on failed LSH deal
UK property consultancy Countrywide has revealed it will be pursuing 'for damages and costs' the buyer who pulled out of acquiring its commercial arm, Lambert Smith Hampton (LSH), for an agreed £38 mln (€45 mln).
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PropertyEU ArchiveGaw Capital secures Korean finance package for London office
Real estate private equity firm Gaw Capital Partners has raised £28.5 mln (€32 mln) in mezzanine financing to partially refinance its landmark office building in Docklands, London.
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PropertyEU ArchiveRetail park investments to recover first in UK retail market
Investors are likely to begin buying retail parks ahead of high street shops and shopping centres when footfall in the UK starts to gradually recover.
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PropertyEU ArchivePanattoni launches 80,000m spec projects in Germany
European logistics property specialist Panattoni has announced the start of construction on a speculative basis for two new projects in Germany representing a combined 80,000 m2.
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PropertyEU ArchiveGPE warns of potential recession from Covid-19 crisis
Great Portland Estates’ CEO Toby Courtauld has warned of coronavirus-induced difficulties ahead, saying the company must now plan for a recession.
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PropertyEU ArchiveABG Sundal Collier joins forces with property trio to launch Nordic investment firm
Nordic investment banking firm ABG Sundal Collier has linked up with three property specialists in the region to launch a new real estate investment company focused on the acquisition and management of Swedish and Finnish assets for third-party investors.
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PropertyEU ArchiveAvison Young steps up European expansion strategy in post-Covid world
The hire of a Brookfield duo in Germany is another step of an ambitious growth plan to expand across Europe’s largest markets.
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PropertyEU ArchiveUS Realterm Logistics debuts in Spain with Barcelona warehouse buy
US logistics specialist Realterm Logistics has made its first foray in the Spanish market with the acquisition of a cross-dock logistics facility in Palau Solità i Plegamans, Barcelona.
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PropertyEU ArchiveCollection of rent and service charge stalls in the UK
The collection of rent and service charge payments that remain unpaid to landlords since the March quarter day has stalled, according to new research by Remit Consulting.
