Sunday, 21 December 2014
Property Investor Europe on 18 December ends its Daily news for 2014 and will report over the year-end holiday on merit only. All the PIE team thanks our worldwide readers for your confidence in us. We wish you, your families and your staff a very merry Christmas, Happy Hanukkah or other year-end celebration - and a prosperous and healthy New Year 2015! PIE Dailies will re-start regular issuance on 12 January 2015. pie
Rolf Elgeti, who in summer stepped down as CEO of German listed housing firm TAG, has acquired a stake of nearly 30% in Fair Value REIT, a Munich-based commercial property firm, via his newly-launched Obotritia Capital
In a sale-leaseback with operator Q-Park, Dutch Bouwfonds IM has paid ¤130m for the Mahler underground car park in Amsterdam, the largest in The Netherlands. It will be owned by two German funds, one of which just launched.
Private logistics advisor and asset manager Delin Capital, registered in Jersey, said it has paid ¤75m off-market to developer DHG for the largest single ownership logistics asset in The Netherlands, located in Amsterdam.
Stockholm-based independent manager Genesta said its Nordic Baltic Real Estate fund has completed the divestment of two properties in the Norwegian capital Oslo to a unit of Norwegian property group AVA for NOK755m (¤81m).
UK-based Meyer Bergman has made a first deal in Norway by paying about ¤30m for a mixed retail and office building in capital Oslo and is on the lookout for more space in the city.
Canadian property consultant and manager Avison Young has advised two North American pension funds on the acquisition of a mixed-use block in Germany’s Cologne as it gears up in Europe after entry in April.
Vacancies in multi-family homes across Germany slid to 3.1% last year from 3.3% in 2012, with Munich posting the lowest rate at just 0.4% in aggregate, and Leipzig falling most, say realtor CBRE and research firm empirica.
French REIT/SIIC Foncière des Régions has launched a new hotel investment partnership with institutions targeting over ¤300m in 2015. First partners are insurers ACM Vie and BNP Paribas Cardif and it is talking with others.
London-based TIAA Henderson Real Estate has refinanced the Serravalle Designer Outlet near Milan with an ¤85m facility from Dutch lender ING, reflecting renewed appetite among banks for lending in Italy.
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