All PropertyEU Archive articles – Page 593
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PropertyEU ArchiveBaltic Horizon Fund offers 3-month ‘rent holiday’ for struggling retail tenants
Fund manager Northern Horizon Capital said on Friday that its Baltic Horizon fund will be implementing a number of relief initiatives for smaller retail tenants affected by the coronavirus outbreak.
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PropertyEU ArchiveNSI buys Amsterdam office scheme for €34m
Dutch listed property firm NSI has agreed to acquire the 9,743 m2 ONE20 office building located at Amsterdam-Sloterdijk for €34 mln, representing a gross initial yield of 3.5% and a reversionary yield of 6.3%.
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PropertyEU ArchiveWealthcap acquires pharmaceutical company HQ in Tübingen
Asset manager Wealthcap has announced the acquisition of the headquarters of an unnamed pharmaceutical company specializing in vaccines in Tübingen, Germany.
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PropertyEU ArchiveNorway’s SWF appoints new CEO
Norway’s sovereign wealth fund Norges Bank IM has announced the appointment of Nicolai Tangen as new CEO.
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PropertyEU ArchiveBNP Paribas' Dan Bayley to head up new tenant representation team
BNP Paribas Real Estate’s leasing expert Dan Bayley is to head up a new team fully dedicated to better support changing occupier needs and their decision making around space, as head of Tenant Representation.
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PropertyEU ArchiveJLL Germany’s CEO Timo Tschammler leaves
Timo Tschammler, JLL’s CEO for Germany and member of the EMEA Strategy Board, has announced he is leaving the company in favour of ‘a new life chapter’.
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PropertyEU ArchiveSupermarket REIT receives full payment of quarterly rents, maintains dividend
UK investor Supermarket Income REIT announced on Friday that it is maintaining its dividend payment as it has received 100% of rents due for the second quarter of the year.
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PropertyEU ArchiveNSI secures new €40m 10-year funding through MetLife IM
Dutch investment firm NSI said on Thursday that it has agreed to issue €40 mln of 10-year unsecured notes to clients of MetLife Investment Management (MIM).
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PropertyEU ArchiveCitycon withdraws 2020 earnings guidance due to coronavirus
Nordic listed retail specialist Citycon said on Thursday that it is withdrawing its earnings and profit guidance for 2020 due to uncertain market conditions as a result of the coronavirus epidemic.
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PropertyEU ArchiveBritish Land defers €44m in rents, suspends dividend payments
UK REIT British Land will defer a total of £40 mln (€44 mln) in rents this quarter, spreading the repayment over six quarters from September 2020 in response to the coronavirus crisis.
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PropertyEU ArchiveRetail property deals stall across Europe
A string of shopping centre and retail park transactions are stalling across Europe as coronavirus lockdowns require shops to close.
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PropertyEU ArchiveImpact Healthcare updates shareholders after delaying results in line with UK guidance
UK-listed Impact Healthcare said today it was deferring the announcement of its 2019 preliminary results in line with regulator guidance.
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PropertyEU ArchiveSavills Ireland names new managing director
Savills Ireland has appointed Mark Reynolds as its new managing director with immediate effect.
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PropertyEU ArchiveEconomic downturn could trigger overhaul of Europe’s retail sector - ULI
A decline in economic sentiment and performance due to the coronavirus pandemic may trigger a restructure of Europe’s retail property sector, already under pressure from the widespread growth of e-commerce, according to a report by the Urban Land Institute (ULI).
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PropertyEU ArchiveVolunteering platform for real estate firms launches
Property professionals from Greystar, SAY Consulting, deverellsmith, and Be Original have joined forces to create a central register where the real estate industry can pledge support to the UK National Health Service (NHS) and healthcare workers and help them fight Covid-19.
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PropertyEU ArchiveRLI Investors to launch European last-mile fund
German independent fund manager RLI plans to launch a European last-mile fund later this year, according to managing director Peter Wenzel.
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PropertyEU ArchiveIntu: rent payments plummet, Puerto Venecia sale stalls
Intu has received only 29% of rents that were due yesterday for the second quarter of 2020, as retailers hit by coronavirus measures withhold payment.
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PropertyEU ArchiveIrish hotel group expects Q1 revenue to drop by 16% on coronavirus
Irish hotel operator Dalata said on Wednesday that it expects first-quarter revenue to be down 16% compared to the same period in 2019 after experiencing a significant reduction in bookings following the spread of Covid-19.
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PropertyEU ArchiveSantander freezes €1.5b mortgage portfolio sale on coronavirus
Spanish lender Santander has reportedly halted the disposal of a €1.5 bn mortgage loan portfolio known as Prometeo as it gauges the impact of the coronavirus pandemic on the underlying assets.
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PropertyEU ArchiveCEREIT disposes of 12 assets across Western Europe for €66m
Cromwell European Real Estate Investment Trust (CEREIT) has completed the sale of 12 industrial/logistics assets in France, Denmark and the Netherlands for €65.7 mln to funds advised by US management group Blackstone.
