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Lar España Real Estate Socimi S.A.'s AGM approved a €0.49 dividend per share reported against 2017’s results, which equates to a €45 million dividend payment, 50% more than the €30 million paid in 2016, and well above the €12 million in 2015. The dividend payment will be made on Wednesday 18 May. Dividend yields stand at 5.5%...
Chiswick Park Enjoy-Work has appointed Matt Coulson as Chief Executive Officer (CEO). Coulson will be responsible to lead and develop the business strategy for the 1.8 million sq ft office development in Chiswick, W4, managed by property management company Enjoy-Work. Coulson joined Chiswick Park Enjoy-Work as Operations Dire...
Continuing a trend seen for the past 18 quarters, overseas investment made up the majority of Central London office investment transactions in Q1 2018, according to global real estate advisor, CBRE. Overseas buyers were behind 79% of deals in the first quarter of the year and have accounted for more than 83% of all transactio...
Second-tier cities offer higher return potentials than the seven Class A cities, while also boasting a greater stability of income, a comprehensive survey conducted by Demire Deutsche Mittelstand Real Estate AG and the bulwiengesa research institute published found. The elevated return potential manifests itself most conspicu...
Pbb Deutsche Pfandbriefbank provided an investment facility of €74 million to companies owned by Newbridge for the acquisition of three shopping malls in Poland, namely Bielawy in Torun, Guliwer in Lódź and Czyżyny in Kraków. The 72,000 sqm portfolio is nearly fully leased, with Carrefour Polska as the anchor tenant on long l...
The Austrian Takeover Commission has given US investor Starwood Capital green light for its bid of up to 26 percent in CA Immo and up to 5 percent in Immofinanz. Since then, both shareholders of real estate companies have the opportunity to accept the respective offers and tender their shares to Starwood Capital. The purchase...
The US investor Starwood Capital just got the green light for its € 800 million entry into Immofinanz and the Ca Immo , now he buys himself with 29.14 percent into the third Austrian player S Immo for a total of € 390 million. The real estate company has 19,499,437 bearer shares from member companies of the RPR Group (approx...
With an eye toward future development and growth, Danish architectural firm Schmidt Hammer Lassen Architects strengthens its leadership group with the appointment of seven new partners. Trine Berthold, Bente Damgaard, Kasper Frandsen, Mads Kaltoft, Rasmus Kierkegaard, Tiago Pereira, and Nathan Smith join founding partners Bja...
Investec Structured Property Financehas assisted Comer Homes with a £45mn (c. €52mn) facility, for the development of the landmark Royal Winchester House, in the Berkshire town of Bracknell. Due for completion in 2020, work is already underway to transform the former site of the 3M headquarters into 311 studio, one, two and t...
After an 18-year career at Blackstone, Stuart Grant will join Stanhope PLC as Managing Director on 3 September 2018. He will also become a shareholder whilst David Camp will remain in his role as CEO.
Following another successful financial year in 2017, Deutsche Hypothekenbank is reporting a result from normal operations of € 62.7 million (previous year: 115.0). Strong business development in the bank’s core business area, reflected in a stable earnings base and the very good risk result, was the main factor behind this po...
A transaction volume of €661 million was registered on the German hotel market in the first quarter of the current year. The result has dropped 41 percent below the level of the previous year’s period. The downturn in the volume is mainly attributable to the size of the transactions and the focus on secondary locations. This ...
The overwhelming majority (87%) of investors in Iberian real estate plan to increase or maintain their allocation over the next 12 months, according to a new report commissioned by Intertrust. Of those already invested in Iberia, a quarter (24%) plan to increase their exposure, higher than those for the UK, Germany and the No...
Supermarket Income REIT invested £210.5m (c. €248.4m) in four supermarket assets in the first quarter, while declaring a quarterly dividend that put it on track to meets its annual payout guidance. The property investor declared a dividend of 1.375 pence per share (c. €0.02 per share), in line with its previous dividend. The ...
Prologis' occuancy in the first quarter of 2018 remianed high at 96.6%, with the company signing 336,000 square metres of new leases and 413,000 square metres of renewals in this opening quarter. The company owned or had investments in, on a wholly-owned basis or through co-investment ventures, properties and development proj...
BBC Cymru Wales has received the key for its new headquarters in Cardiff. The new £100m (c. €115.5) building is adjacent to Cardiff Central train station. Installing broadcast technology will take 18 months, with the first employees likely to in by the end of 2019. Legal & General, in partnership with Rightacres Property Com...
Unibail-Rodamco priced its inaugural hybrid securities offering to finance a portion of the cash consideration in the Westfield acquisition at €2 bn. The securities involved include a €1,250 mn Deeply Subordinated Perpetual Non-Call 5.5 year hybrid security with a 2.125% coupon and a €750 mn Deeply Subordinated Perpetual Non-...
Based on a letter of intent, Adler Real Estate AG will establish a joint venture with Benson Elliot Capital Management LLP with the sole purpose of disposing of its non-core-units. Subject to legally binding documentation, Adler intends to transfer the non-core units ear-marked for disposal with a gross asset value of circa €...
