Carlyle enters residential market with £40m Chelsea acqisition

UK - Global private equity firm, The Carlyle Group, has entered the UK residential market with a £40 million acquisition of a prime development site in the heart of Chelsea, in a 50:50 joint venture with the Athos Group. This...
Friday, 30. July 2010

More positive signals for European office markets

Europe - Whilst austerity measures and concerns surrounding sovereign debt in European economies triggered a new wave of economic uncertainty and volatility in financial markets; positive signs increased in the office markets during Quarter 2 (Q2) 2010 according to Jones Lang...
Friday, 30. July 2010

Europa Fund II completes sale of “Hofgarten Palais”

Germany - Europa Capital LLP, the general partner of Europa Fund II, announced that, following the signing of agreements in May, completion has now taken place of the sale of “Hofgarten Palais”, Düsseldorf to Union Investment Real Estate GmbH for its open-ended property UniImmo:...
Friday, 30. July 2010

Henderson Global Investors launches German Retail Income Fund

UK/Germany - Henderson Global Investors has launched the German Retail Income Fund (GRIF), a specialist property fund aimed at German institutional investors. The fund will focus exclusively on German retail parks and self-service...
Friday, 30. July 2010

Vinci completes the acquisition of Faceo

Europe - Vinci completed the acquisition of Faceo from Apax Partners. This acquisition of the European player in facility management has been made through Vinci Facilities, a newly-established company within VINCI’s Energies business line, set up to group together the bulk of the...
Friday, 30. July 2010

Damco lets in VGP Park Hradec Králové

Czech Republic - Damco, a leading provider of freight forwarding and supply chain management services, has signed a lease for 13,000 sqm in VGP Park Hradec Králové. Jones Lang LaSalle acted as an advisor on the transaction. VGP Park Hradec Králové is located in Dobøenice near Hradec...
Friday, 30. July 2010

Consortium agrees to acquire second portfolio of BBVA Spanish property assets

Spain - A consortium of RREEF Europe, Area Property Partners and Europa Capital announced that it has completed the acquisition of a second portfolio of Spanish property assets owned by Banco Bilbao Vizcaya Argentaria (BBVA). The...
Friday, 30. July 2010

Redefine International acquires five Holidy Inn hotels

UK - Pinsent Masons has advised Redefine International plc on its £106m conditional acquisition of five Holiday Inn hotels from the Splendid Hotels Group. The acquisition is to be effected through subsidiary Redefine Hotel Holdings Limited. Fladgates LLP acted for the seller.
Friday, 30. July 2010

Aareal Bank prolongs partnership with EBS Business School

Germany - Aareal Bank is extending its cooperation with the EBS Business School by sponsoring real estate economics teaching and research for a further three years at the Wiesbaden location. Since 2006, Aareal Bank has been one of...
Thursday, 29. July 2010

Invesco Real Estate broadens European platform

Luxembourg - Invesco Real Estate (IRE) announced seven new appointments across its European business covering fund management, asset management, transactions, research and fund accounting, including a director to oversee its fund operations in its newly opened Luxembourg office.
Thursday, 29. July 2010

London hits 90 with Paris close behind but payroll dents French profitability

UK - Hotels in London have recorded a rarely achieved room occupancy of 90% during June driving a year-on-year profitability increase of 16% for that month, according to the latest HotStats survey from TRI Hospitality Consulting.
Thursday, 29. July 2010

LaSalle announces promotions and an appointment in London-based planning team

UK - Jones Lang LaSalle has announced three promotions and one appointment in its London-based Planning team.
Thursday, 29. July 2010

Returns stabilising in the Irish commercial property market

Ireland - The Dublin office of CB Richard Ellis Group (“CBRE”), the international commercial real estate firm, today launched their mid-year investment market Marketview publication for 2010, which concludes that following the most...
Thursday, 29. July 2010

Phil Tily appointed IPD UK and Ireland Managing Director

UK - Phil Tily has been promoted to UK and Ireland Managing Director completing the senior management restructuring at IPD.
Thursday, 29. July 2010

Antitrust authorities approve ECO takeover

Austria - conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, has been granted approval for the planned takeover of ECO Business-Immobilien AG by the antitrust authorities in Austria and Germany. Thus an important condition precedent has been fulfilled even before...
Wednesday, 28. July 2010
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