All PropertyEU Archive articles – Page 603
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PropertyEU ArchiveUBS: Real estate’s 2020 ‘sweet spot’ disappears as coronavirus spreads
The real estate market had been anticipating a ‘sweet spot’ for this year, but coronavirus has changed the outlook, one global investor believes.
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PropertyEU ArchiveArdian inks deal with MPS to buy 28-property portfolio
The package includes largely offices in Milan, Rome, Florence and Padoa and is believed to be worth some €350 mln.
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PropertyEU ArchiveLBS Properties’ London resi scheme moves forward with €41m Investec loan
Investec Structured Property Finance has agreed to fund the acquisition of a prime development site in Kings Cross, North London, and subsequent delivery of a luxury 22-storey residential tower.
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PropertyEU ArchiveKartesia completes investment in German real estate brokerage firm PlanetHome
Kartesia has announced it has arranged a €65 mln senior secured term loan to German real estate and financial brokerage company PlanetHome, to support the buy-out of a minority shareholder as well as the refinancing of existing liabilities.
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PropertyEU ArchiveSwiss Life buys Spanish hotel portfolio from local REIT
Swiss Life Asset Managers has acquired a portfolio of four hotels located in the Balearic Islands and Catalonia from local REIT, Elaia Investment.
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PropertyEU ArchiveGarbe Industrial hires Prologis exec to lead CEE foray
Germany’s Garbe Industrial Real Estate announced on Friday that it has hired Prologis executive Martin Polák to lead its expansion plans across CEE.
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PropertyEU ArchiveUPDATED Continental European CRE investors join Mipim coronavirus exodus
Several Continental European investment firms including Italy’s Dea Capital Real Estate, Germany's Commerz Real, ECE and WealthCap, announced on Friday that they have cancelled plans to attend Mipim, as the spread of coronavirus continues.
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PropertyEU ArchiveHelical sells multi-let office in London for €49m
London property developer Helical has sold Power Road Studios, a multi-let office campus in Chiswick, London, to a private UK Investment Manager, for £41.58 mln (€49 mln). The sale price marginally exceeds the 31 March 2019 valuation and reflects a net initial yield of 4.8%.
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PropertyEU ArchiveKanAm Grund appoints fund management head
Germany's KanAm Grund Group announced on Thursday that it is strengthening its institutional fund management business with the hire of Liane Gondrum from Principal Real Estate.
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PropertyEU ArchiveWeekly data report: deals, funds, loans and assets on the market
Our weekly roundup of recently completed deals and loans, as well as funds and assets on the market.
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PropertyEU ArchiveMore CRE companies cancel Mipim plans
Prudential Financial's PGIM Real Estate arm, UK REIT Land Securities and brokers Knight Frank and Savills have joined Cushman & Wakefield in their decision to pull out of Mipim on the back of the new coronavirus outbreak.
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PropertyEU ArchiveCBRE picked to sell landmark hotel in Norwegian fjords
The owners of the landmark Hotel Ullensvang, located by the world famous Hardanger Fjord in Norway, have announced their intention to sell the business.
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PropertyEU ArchiveCopenhagen student, micro-living and senior housing portfolio comes to market
Savills and its Danish associate Nordicals are marketing Project Futurum, a student, micro-living and senior housing portfolio in Copenhagen, which is currently being developed.
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PropertyEU ArchiveCushman & Wakefield pulls out of Mipim
Cushman & Wakefield has announced that it is pulling out of Mipim because of concerns about the coronavirus.
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PropertyEU ArchiveWealth managers reduce exposure to UK Property
Following the high-profile suspensions of the M&G and Prudential UK Property funds in 2019, UK wealth managers have significantly reduced their exposure to UK property as an asset class.
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PropertyEU ArchiveSingapore's CapitaLand inks €154m deal for UK business park
Singapore's CapitaLand has acquired a stake in a business park in Reading, UK for £129.25 mln (€154 mln) from pan-European investor Patron Capital.
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PropertyEU ArchiveBerlin’s ADO CEO predicts city’s rent controls will be scrapped within 18 months
The CEO of ADO Properties, the Berlin-focused residential company planning a merger with Adler Real Estate, says he expects the city’s controversial rent control law to be overturned within 18 months.
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PropertyEU ArchiveSouth Korean funds secure prime Spanish asset from Blackstone for €180m
South Korea’s Kiwoom Securities and Inmark Asset Management have acquired Helios, the new headquarters for Ing Bank in Madrid, from Blackstone-controlled Reit Hispania Activos Inmobiliarios.
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PropertyEU ArchiveBlackstone swoops on UK student housing platform for €5.5b
Global private equity giant Blackstone has acquired iQ Student Accommodation from Goldman Sachs and the Wellcome Trust for £4.66 bn (€5.5 bn).
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PropertyEU ArchiveIntu secures €523m loan extension contingent on equity raise
Struggling retail REIT Intu has said it has obtained a three year extension to a revolving credit facility (RCF) worth £440 mln (€523 mln), contingent on the shopping centre operator raising a minimum of £1.3 bn through a cash call.
