Property Investor Europe's mission is to bring valuable transparency to European real estate for US & global investment professionals. Via widely-read PIE Dailies (12,000+ readers each working day in 147 countries), downloadable Online Weeklies, PIE's flagship thought-leadership monthly magazine, and an active and highly popular Property Breakfast and 2-day event program, subscribers and sponsors alike gain full connection into the rapidly growing investor community through the PIE platform. Subscribe now and enquire about media planning 2014 for your company at firstname.lastname@example.org.
Monday, 09 December 2013
Germany’s listed IVG, operating in a self-administered receivership since 21 August, has requested ¤8.5m plus interest in compensation from each of four former managers, citing questions over the ¤950m acquisition of the London Gherkin in 2007, the firm said, confirming media reports.
Highstreet, the consortium that owns most Karstadt department stores, Germany’s largest chain, is reported to be planning to sell another 25 of the 50 it owns before year-end. Five are to go to Austrian entrepreneur Rene Benko, and one to London-based group Meyer Bergman.
Nine-month investment in EMEA logistics and industrial property rose by 40% on last year to just over ¤10bn, already exceeding full-year volumes inthe past four years, says realtor CBRE. Activity was especially strong in the UK, Germany, France and the Netherlands.
Kuwaiti property firm St Martins has bought the sprawling More London estate from investment group London Bridge Holdings for about ?1.7bn, sealing one of the capital’s largest real estate deals this year.
French property group Unibail-Rodamco is to invest ¤130m to redevelop the Glòries shopping centre in Barcelona’s 22@ innovation district near the heart of the city.
Swedish listed developer and builder Skanska and Stockholm-based real estate fund manager Areim plan a 50:50 joint venture company to develop around 1,000 apartments in the Swedish capital for around SEK2bn (¤224m).
Germany's Union Investment plans to launch investments for institutional clients in real estate debt next year, a senior executive tells PIE in the Dec/Jan magazine published today. It will also develop a repositioning fund, and grow its sustainable energy property fund.
Riccardo Delli Santi, one of Italy's most prominent real estate lawyers and president of the Association of Legal Real Estate Experts AGIDI, says in PIE Dec/Jan magazine today that Rome's Destination Italy (Destinazione Italia) marks a watershed in setting a clear plan to attract foreign property investment.
Biljana Pehrsson, new CEO of Stockholm-based listed Kungsleden and one of Sweden's most prominent businesswomen, tells PIE in the Dec/Jan magazine today that the group is shifting strategy to be a true property owner manager and developer, and that its recent GE portfolio acquisition, "ticks all boxes."
Hedge fund shareholders in Orco Property Group are taking legal action to block a ¤54m reserved capital increase for Czech businessman Radovan Vitek, saying it is unnecessary, invalid, dilutive, and disadvantageous to other shareholders.
For more Property Investor Europe news, click thru to our News archive.
PIE news-intelligence, and analysis, is the leading critical information source that unites global investors with European asset owners and stakeholders.
Since 2005, PIE is published in English but is 'made in Germany and Europe' - edited in Frankfurt with senior editors in all major centres across Europe.
All PIE products are available on every key digital platform.
PIE readers are: Investing institutions, capital allocators and managers, banks, global REITs and other listed vehicles, SWF's, non-listed and listed funds, corporate treasurers, developers, asset managers, pension funds, municipalities, academics and private investors.
PIE is recommended by ULI, RICS, and cooperates closely with IPD and leading asset class organisations such as ICSC, EPRA, INREV.