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PIE News Archive
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Huge Chinese demand for ABP's £1bn London docks may double value
At least 56 Chinese firms have shown strong interest to buy or rent London's Stg1bn Asian Business Port announced in late May by ABP ...
French AXA plans ¤10bn infrastructure debt investment
Paris-based insurance giant AXA is to boost exposure to infrastructure debt with ¤10bn in new investment over the next five years,...
GSW shareholders join PGGM in opposing Kottmann as new chairman
Shareholders in German listed residential firm GSW on Tuesday joined Dutch manager PGGM in voting 63.31% against Bernd Kottmann as...
Danish PFA pension pays ¤100m for 47.5% stake in NREP Logistics
Danish PFA pension fund has bought a 47.5% interest in Copenhagen-based Nordic Real Estate Partner’s NREP Logistics Fund from...
UK firm, German Albulus join to invest ¤100m in German NPLs
London-based UK & European Investments and German non-performing loan specialist Albulus Advisors have joined forces to invest up to...
German pbb, Helaba provide ¤163m loan for Tishman Speyer
pbb Deutsche Pfandbriefbank and landesbank Helaba are providing a ¤163m senior loan to Tishman Speyer to finance the purchase and renovation...
Singapore's ¤118bn Temasek sets up UK unit to focus on Europe
Singapore investment manager Temasek, with ¤118bn in total AUM, has set up a unit in the UK to focus on investments around Europe....
Russia’s Grinn starts $218m 220,000 sq.m. mall in Kursk
Russian developer Grinn has started building a massive 220,000 sq.m. RUB7bn ($218m) shopping and entertainment centre in Kursk, southern...
Russian Invest takes 55% in Finnish SRV’s ¤250m St. Pete mall
Listed Finnish builder and developer SRV has sold a 55% stake in its ¤250m Okhta Mall shopping centre project in St. Petersburg to...
French REIT tax status at risk in government review
French REIT/SIICs' tax advantages could be at risk from a review of state support for firms due to be delivered this week to President...
Canadian Brookfield changes tack, targets ¤1.65bn at UK, Europe
Listed North American investor Brookfield, formerly Toronto-based Brascan, plans to invest up to ¤1.65bn in a European property spending...
French housing capital gains, other relief set for 2014 budget
President François Hollande has announced capital gains tax relief for home sales from 2014 and is to cut the period of ownership required...
LaSalle IM set to match 2012 in ¤1.6bn investment in Europe
Chicago-based LaSalle Investment Management has been very active in Europe so far this year and will again be a net buyer of real estate,...
Patrizia said last bidder on German Deikon supermarkets at ¤180m
Augsburg-based listed Patrizia is said to be the only remaining bidder on the supermarket portfolio of insolvent Cologne-based investor...
Eurocommercial sells ¤141m Paris mall to reinvest in eastern France
Amsterdam-based listed shopping centre specialist Eurocommercial Properties has sold its Passy Plaza shopping centre in Paris for ¤141m,...
Berlin prime home prices buoyed by international interest – E&V
The rise in residential prices in central Berlin continues, with strong demand from international investors in luxury homes, says Hamburg-based...
German iii wins ¤100m for 2nd debt fund, reports new deal
Munich-based iii-investments, fund manager of Hypovereinsbank, part of the Unicredit group, has collected ¤100m in equity from institutional...
Finnish Sponda wins ¤85m refinancing from German Helaba
German landesbank Helaba has granted a refinancing facility of over ¤85m to Helsinki listed Sponda for a court building in the Finnish...
CEE commercial property investment up 30% in year to May - CBRE
Property investment in central and eastern Europe grew by 30% to ¤3.7bn in the five months to May, putting the region in line for a...
German IVG Frankfurt office club with South Koreans said at ¤250m
German listed IVG, battling to restructure its debt financing, has won a group of South Korean institutions in a club deal to buy the...
Hannover Leasing, Asian investor in JV to buy Brussels office
German investment manager Hannover Leasing is joint venturing with a major Asian institution to buy the Belair office complex in Brussels...
Italian Aedes controlling family seeks new equity for rejig
Italy's Amenduni family, main shareholders in struggling listed group Aedes is urgently seeking a new equity partner in a restructuring ...
Germany finds ¤590m to rebuild Berlin Hohenzollern palace
Despite financial stringency, the German government is earmarking ¤590m to rebuild the former Hohenzollern residence of the Prussian...
French 2013 housing starts seen 2.8% down, below 340,000
The French builders association FFB is predicting fewer than 340,000 housing starts this year, a drop of 2.8% on 2012 if the rate continues...
German Gagfah refinances ¤2.1bn in 5yr CMBS structure
German listed housing group Gagfah, controlled by US private equity firm Fortress Investment, has signed a refinancing of its ¤2.061bn...
Finnish Citycon raises above-plan ¤500m in 7yr bond at 3.75%
Listed Finnish shopping centre group Citycon, an affiliate of Israeli-listed Gazit Globe, has raised ¤500m in a new seven-year unsecured...
German DIC Asset plans second bond for at least ¤75m
Frankfurt-based listed property company DIC Asset is planning to issue a second five-year corporate bond with a volume of at least...
Long-delayed ¤275m Romania-Bulgaria Danube bridge opens
The new ¤275m Danube 2 Bridge connecting Romania and Bulgaria has opened after numerous delays. Built by Spanish company FCC, the...
S. Africa’s NEPI plans ¤100m rights for Romanian acquisitions
Listed South African investment fund New Europe Property Investments plans a rights issue to raise about ¤100m to use to fund acquisitions...
Paris' giant Coeur Défense on sale to pay ¤1.6bn Lehman debt
Coeur Défense in Paris, the largest single office complex in Europe at 350,000 sq.m., is to be put up for sale to pay off the ¤1.6bn...
US-based Taurus mulls ¤1.5bn German retail REIT for exit
After putting German retail assets, mainly supermarkets, up for sale without receiving acceptable offers, Boston-based Taurus Investment...
Rich foreigners, Chinese boost London-Paris luxury retail - Grosvenor
The main driver of luxury retail rental growth in London and Paris is the growing presence of wealthy individuals and Chinese tourists,...
French REITs acquire almost ¤500m new assets in 1Q
French SIICs/REITs made ¤492m of acquisitions and ¤439m of disposals in the first quarter, says real estate research institute IEIF....
Low fund standards take-up may be disadvantage - INREV
The vast majority of the European real estate fund sector has not adopted the Global Investment Performance Standards and only 7% adhere,...
Eurozone troubles continue to weigh on corporate occupiers – JLL
Economic growth in the Eurozone continues to be weighed down by fiscal consolidation and unemployment, depressing corporate office...
Belgian REIT Cofinimmo boosts convertible to ¤191m
Belgian REIT Cofinimmo, Belgium's largest listed real estate investor, has placed ¤191m of convertible bonds with a 2% coupon to fund ...
Rents in large German cities stabilising – Immowelt
After strong rental growth last year, housing rents in the largest German cities mostly stabilised in first quarter, says German online...
Hamburg’s hotel market continues boom – Christie
Hamburg hotel property is more attractive than ever with rising unit revenues despite new completions, says specialist realtor Christie...
Israeli Adgar Polish unit buys Warsaw office park
Adgar Group, part of Israeli Adgar Investments & Developments, is buying the 40,000 sq.m. Ochota Office Park in Warsaw from Mahler...
Zunino's ¤180m bid for Italy's Risanamento faces Qatar competiton
Luigi Zunino, founder of Italian listed property group Risanamento in 2002, is launching a ¤180m takeover bid for his old firm from...
Investors' £210m complete Brookfield’s Gazeley takeover
A group of large but unnamed institutional investors are paying Stg210m to own 70% of European warehouse developer Gazeley as part...
Closer vendor/buyer bids point to rising Euro CRE investment - CBRE
After an exceptional fourth quarter of investment in European property, with transaction volumes highest since 2008, values stabilised...
International investors boost housing on Spanish islands – E&V
Unlike most other Spanish regions, housing on the Balearic Islands of Majorca, Ibiza and Menorca attracted strong first quarter investment...
Dutch mall over-development causing problems – Unibail-Rodamco
The rising number of shopping centre developments on the outskirts of Dutch cities is becoming a problem for the country’s retail...
Colliers takes control of Frankfurt, Düsseldorf, Netherlands partners
Global realtor Colliers International has acquired controlling interests in partner firms in Germany's Frankfurt and Düsseldorf, as ...
German Corpus Sireo expands into retail with new asset manager
Cologne-based investment and asset manager Corpus Sireo has created an asset management subsidiary for retail property. Corpus Sireo...
Swiss Corestate Capital launches German property manager
Swiss-based private equity group Corestate Capital is launching a German property manager, Capera Immobilien Service, which will initially...
Czech Kellner’s PPF Russia to invest ¤1bn in New Moscow
The Russian arm of Czech billionaire Petr Kellner’s property investment vehicle, PPF Real Estate Russia, plans to invest ¤1bn...
Moscow region logistics demand at all-time high - CBRE
Demand for modern logistics property in the region of the Russian capital Moscow is at an all-time high, and up to 50% of all deals...
Brookfield buys 30% in UK-based logistics specialist Gazeley
Toronto and New York-listed Brookfield Property Partners has acquired a 30% stake in UK-based logistics real estate specialist Gazeley...