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» Chronological View: " Economy & Financial " «

PGIM Real Estate Finance provides nearly $15 billion in financing in 2017

PGIM Real Estate Finance originated $14.8 billion (c.€11.97bn) in financing in 2017 led by production in multifamily and industrial lending. The company also announced it has as much as $15 billion (c.€12.13bn) available for financing in 2018 and will look to target growth in international markets, agency business on the West...
Tuesday, 20. February 2018

Irwin Mitchell appoints six Real Estate Associates promotions

Law firm Irwin Mitchell has six of its employees within its national Real Estate team have been promoted to either associate or senior associate. Clare Davitt from the Leeds office has been promoted to senior associate whilst Emily Sinclair (Sheffield), Daniel Woolnough (Sheffield), Polly Hooper (London), Vanessa Horn (Gatwic...
Tuesday, 20. February 2018
Piotr Myszka joins EPP team

Piotr Myszka joins EPP team

Piotr Myszka has just joined EPP as Construction Director. His responsibilities include management and supervision over investments related to expansion and rebuilding of shopping centers and office properties from EPP’s portfolio or being considered as the company’s acquisition targets.
Tuesday, 20. February 2018
Anthony George Bull-Diamond strengthens the KanAm Grund Group

Anthony George Bull-Diamond strengthens the KanAm Grund Group

KanAm Grund Group has strengthened its investment management team for Europe. As per 1st February, 2018, Anthony George Bull-Diamond has joined as a Director responsible for real estate acquisition and sales focusing on Great Britain, Central and Eastern Europe (CEE) and the development of new European markets.
Tuesday, 20. February 2018

NREP exits two retail portfolios

Following the sale of the largest portfolio of necessity-driven retail centers in Sweden in June 2017 , NREP has now exited two additional retail portfolios in Denmark.
Tuesday, 20. February 2018

Patrick Kaiser leaves Management Board of Fair Value REIT

Patrick Kaiser, a member of the Management Board of Fair Value REIT-AG has resigned from his position in the Management Board on the best of terms with the company’s Supervisory Board as of midnight on 30 April 2018 in order to move on to new tasks. Kaiser will remain a member of the Management Board until he leaves the compa...
Tuesday, 20. February 2018

Business activity of e-retailers in 2017 exceeds pre-crises level

CBRE Research Department indicated the key trends of the Russian regional Industrial and Logistics market for 2017 and gave forecast for 2018. According to the report, key demand drivers in 2017 were companies of different business types. Business activity of e-retailers exceeded its pre-crises level, amounting to 262,000 sq ...
Tuesday, 20. February 2018

Helm Construction recruits Bill Kiernan and Dan Jones

Upbeat forecasts from the Construction Industry Training Board that the sector will need to expand its professional and managerial capacity over the next five years in order to boost productivity have been endorsed by Helm Construction. The firm has made a number of senior appointments to keep up with projected growth through...
Tuesday, 20. February 2018

Grand City Properties places €500 million senior unsecured notes

Grand City Properties S.A. has placed €500 million of 1.5% senior unsecured notes due 2027 under the Euro Medium Term Note Programme (the EMTN programme), at an issue price of 97.115% of the principal amount of the notes. The notes will be admitted to trading on the regulated market of the Irish Stock Exchange.
Tuesday, 20. February 2018
Realogis appoints Stefan Imken and Joel Adam as heads of department

Realogis appoints Stefan Imken and Joel Adam as heads of department

Realogis has promoted two of its long-standing employees. Following Jörg Lojewski’s appointment as an additional managing director at Realogis Immobilien Hamburg GmbH in December 2017, Stefan Imken (33) was appointed as head of department at the northern German location with effect from 1 January 2018. The real estate special...
Tuesday, 20. February 2018

Berlin Hyp issues first mortgage Pfandbrief in benchmark format for 2018

The eight-year bond with a volume of € 500 million and a coupon of 0.75% has been rated an Aaa tier by Moody’s. The syndicate banks assigned by Berlin Hyp – ABN Amro, Barclays, DZ Bank, LBBW and UniCredit – opened their order books at about 9.00 am on Monday morning with a spread of mid-swap -15 basis points.
Tuesday, 20. February 2018
E.ON backs development of Hunterston Port and Resource Centre

E.ON backs development of Hunterston Port and Resource Centre

Plans for a new multimodal centre for manufacturing, logistics and energy on Scotland’s west coast have received support from energy company E.ON as its owners prepare the site for significant development. Hunterston Port and Resource Centre (PARC) is being developed by Peel Ports. E.ON will provide strategic support to asses...
Tuesday, 20. February 2018

Residential investment market at a high level

The interest of domestic and international investors in German residential real estate as an investment target continues to run as high as ever. With an investment volume of €15.2 billion in residential portfolios and complexes upward of at least 50 residential units, the year-earlier result was exceeded by 11% through a year...
Tuesday, 20. February 2018

Average prices in prime central London declined 0.7%

Average prices in prime central London declined 0.7% in the year to January, according to a Report by Knight Frank. The relatively modest nature of the fall provided further evidence that the annual declines recorded over the last 20 months have bottomed out. The decrease recorded in January was smaller than the figure of -6....
Tuesday, 20. February 2018

RWC Partners bolsters European presence with hire of Pierre Giannini

RWC Partners announced today that Pierre Giannini will be joining the organisation as part of the ongoing growth RWC sees in Continental Europe. Giannini joins RWC on the back of a significant year for the organisation that saw its assets grow to c. $14 billion by the end of 2017, and included Graham Clapp and his European Eq...
Tuesday, 20. February 2018

Adler takes 41.04% stake in Brack Capital

Adler Real Estate AG intends to acquire up to 70 % of Brack Capital Properties N.V. (BCP), a public limited liability company incorporated under the law of the Netherlands and listed on the Tel Aviv Stock Exchange with total assets amounting to c. €1.6 billion. For this purpose, Adler has today entered into a share purchase a...
Monday, 19. February 2018
Klaus Bollmann joins Union Investment Institutional Property management team

Klaus Bollmann joins Union Investment Institutional Property management team

Union Investment has paved the way for the planned further growth of its institutional investor business by appointing Klaus Bollmann to the management team of Union Investment Institutional Property GmbH. The 53-year-old economist will drive forward the expansion of the company’s institutional real estate activities together...
Monday, 19. February 2018

Pbb finances construction of a new quarter for senior citizens in Berlin

More than 200 serviced apartments for senior citizens will be built on the site of „Gesellschaftshaus Grünau“ and „Riviera“ – architectural monuments in Berlin's Köpenick area. Construction is scheduled to start in the summer of this year. Pbb Deutsche Pfandbriefbank provided a €58 million development financing for this proje...
Monday, 19. February 2018