- PropertyEU Archive
South Korean investors spend over €600m on Brussels towers
Knight Frank Investment Management (KFIM), acting on behalf of KB Securities and KB Asset Management, has completed the acquisition of the company Galaxy Properties, owning as main asset the North Galaxy Towers, Brussels from ATP Real Estate. The deal is estimated to be over €600 mln.
- PropertyEU Archive
Aareal board approves improved bid from Advent and Centerbridge
The management and supervisory boards of German lender Aareal Bank have issued a joint statement recommending the acceptance of an improved takeover offer for the firm by Atlantic BidCo.
- PropertyEU Archive
Weekly data sheet: UK dominates deal activity
The UK dominated investment activity this week, accounting for all the major transactions closed.
- PropertyEU Archive
Goldman Sachs raises €3.2b for real estate investment partners programme
Goldman Sachs Asset Management said on Friday that it has raised $3.5 bn (€3.2 bn) for its Real Estate Investment Partners programme (REIP) from a diverse group of institutional and high net worth investors.
- PropertyEU Archive
Cain secures €505m loan from Blackstone to expand UK logistics portfolio
Privately-held investment firm Cain International has signed one of the largest financing agreements in the UK logistics sector this year by securing a £420 mln (€505 mln) loan facility from US asset management giant Blackstone.
- PropertyEU Archive
CPI moves to abolish S Immo voting cap ahead of takeover offer
CPI Property Group (CPIPG) is asking S Immo’s shareholders to remove a voting cap which, if abolished, would give it a ‘dominating influence’ over the company and pave the way for a takeover of the CE property firm.
- PropertyEU Archive
Aedes confirms exclusive talks with Hines
Italian REIT Aedes has confirmed that it is in exclusive negotiations with US privately-held developer-investor Hines with a view to selling the business for an undisclosed amount.
- PropertyEU Archive
Harrison St sells 7 UK student digs assets to GSA
US investment manager Harrison Street has announced the sale of seven purpose built student accommodation (PBSA) assets to Global Student Accommodation (GSA), the student housing specialist, for an undisclosed amount.
- PropertyEU Archive
Tristan fund invests €502m to acquire majority of Point A Hotels
Real estate investment manager Tristan Capital Partners’ Episo 6 fund announced on Tuesday that it is investing £420 mln (€502 mln) to acquire a majority share in Raag Hotels Limited, owner of the Point A Hotels brand with assets in the UK and Ireland.
- PropertyEU Archive
BBVA seals €2b deal with Merlin to buy back 662 branches
Spanish lender BBVA has agreed to buy back 662 branches, which it sold between 2009 and 2010 under a sale and lease back agreement to Tree Inversiones Inmobiliarias, currently owned by Spanish REIT Merlin.