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» Chronological View: " Global News " «

Unibail buys Westfield for $16bn as mall owners merge

Westfield Corp. is being sold to French commercial real estate giant Unibail-Rodamco in a $16 billion deal, the two companies announced yesterday. The boards of Westfield and Unibail-Rodamco have unanimously recommended the deal, - the biggest deal since in real estate since 2013.
Wednesday, 13. December 2017

Rezidor completes six new signings in five countries

The Rezidor Hotel Group has recently signed six new hotels. Adding six hotels and more than a thousand rooms to its portfolio, Rezidor has recently announced the signing of Park Inn by Radisson Katowice in Poland, Radisson Blu Hotel & Apartments Douala in Cameroon, Radisson Blu Hotel and Resort, Gudauri in Georgia, Park Inn b...
Monday, 11. December 2017
Union Investment at top league in Seattle

Union Investment at top league in Seattle

Acquired from Beacon Capital Partners in 2003 for $ 64.8 million, last evaluated in the account books for $ 69 million and now placed on the market for a full of $ 119.8 million (approx. € 101.2 million). Union Investment took advantage of the favourable market conditions to sell its investment made 14 years ago: The office b...
Friday, 8. December 2017
UBS Asset Management appoints Stefan Rose to Infrastructure Debt team

UBS Asset Management appoints Stefan Rose to Infrastructure Debt team

UBS Asset Management's Real Estate & Private Markets appointed Stefan Rose as a Portfolio Manager in its Infrastructure Debt team. Rose's appointment further strengthens REPM's infrastructure platform, which invests in both equity and debt, and it follows the announcement of three other senior hires last month. The team now c...
Thursday, 7. December 2017
CBRE hires Paul Coates to lead European Debt and Sturcture Finance Team

CBRE hires Paul Coates to lead European Debt and Sturcture Finance Team

CBRE has appointed Paul Coates as Executive Director and Head of Debt and Structured Finance EMEA. Coates is joining CBRE from the RBS where he has been Managing Director and Head of Real Estate Finance since 2008. He was responsible for the strategy and leadership of the Real Estate franchises across the bank, and was a memb...
Wednesday, 6. December 2017

Cromwell's REIT debuts in Singapore

Cromwell Property Group (ASX:CMW) (Cromwell) today announced the successful initial public offering (IPO) of the Cromwell European Real Estate Investment Trust (CEREIT) after CEREIT debuted on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). “The successful IPO of CEREIT is an innovative and trans...
Wednesday, 6. December 2017
Coyote appoints Julian Ionescu as Head of Consulting

Coyote appoints Julian Ionescu as Head of Consulting

Coyote, a real estate software company, has appointed Julian Ionescu as Head of Consulting. Ionescu joins from Argus Software where he was Consulting Manager for the EMEA region leading the delivery and implementation for all Argus real estate software products.
Tuesday, 5. December 2017
CEO Frank Nickel leaves CA Immo

CEO Frank Nickel leaves CA Immo

Frank Nickel (58), CEO of CA Immobilien Anlagen AG, decided to leave the company for health reasons, in mutual agreement with the company with effect as of 31 December 2017 the earliest but in any event not later than 31 March 2018. Frank Nickel will continue to advise the company as an external consultant in the future, cont...
Monday, 4. December 2017
Swiss investment foundation AFIAA leases 45,000 sf of office space in New York

Swiss investment foundation AFIAA leases 45,000 sf of office space in New York

The Swiss AFIAA Foundation for International Real Estate Investments has leased approximately 45,000 sf of office space at its “119-125 West 25th Street” property in New York. WeWork signed a new 15-year lease for the space. The office portion of the New York property is now fully leased.
Monday, 4. December 2017

Corestate expands capital raising team with Audrey Klein

Corestate Capital Holding S.A. has expanded its capital raising and client relations team with the appointment of Audrey Klein. From mid-January 2018, Audrey Klein will be in charge of expanding the European and global investor platform, with a focus on international institutional investors. Klein has been working in this sph...
Monday, 4. December 2017
Cushman & Wakefield changes EMEA leadership

Cushman & Wakefield changes EMEA leadership

Cushman & Wakefield changes its EMEA leadership: Chief Executive EMEA John Forrester has been named as Global President. Colin Wilson becomes Chief Executive Officer, EMEA, with George Roberts appointed Head of UK & Ireland. All roles are effective from 1 December 2017.
Friday, 1. December 2017

AXA IM - Real Assets sells 50% stake in the Indooroopilly shopping centre in Brisbane

AXA IM - Real Assets' Sydney-based subsidiary Eureka - Real Assets, acting in its role as investment manager for Commonwealth Superannuation Corporation, has sold 50% of Indooroopilly Shopping Centre in Brisbane, Australia, to AMP Capital. The transaction is worth more than c.€512 million (A$800 million). The sale process, wh...
Friday, 1. December 2017

INREV/AREF launch open end fund pricing initiative

INREV and AREF have launched a joint industry-wide consultation paper aimed at accelerating the debate on open end fund pricing policies. The consultation paper, entitled Open End Fund Pricing, will lead to greater consistency and clarity on pricing policies in the longer term. The accompanying study looks in detail at the ma...
Friday, 1. December 2017

European leased hotel cap rates reach historic low as investor pool expands

Capitalisation rates for fixed income prime hotel investments such as lease contracts have reached sub 5%, according to a report from property experts HVS Hodges Ward Elliott. The number of investors buying into leased hotels has also trebled since 2009 as the asset class has become an increasingly attractive investment targe...
Thursday, 30. November 2017

ICSC selects finalists of 2018 European Shopping Centre Awards

The International Council of Shopping Centers (ICSC) has announced the fifteen finalists of the 2018 European Shopping Centre Awards, recognising the region’s most outstanding new, refurbished and established shopping centres. The 2018 European Shopping Centre Awards competition was open to shopping centre owners, developers,...
Wednesday, 29. November 2017

Klépierre places 15-year €500 million bond at a 1.625% coupon

Klépierre issued a 15-year, €500 million bond maturing December 13, 2032. The bond was priced at 50 basis points above the swap rate, the tightest spread ever for a European REIT for a 15-year maturity or longer. It translates into a coupon of 1.625%.
Wednesday, 29. November 2017

Eurocastle follow on investment in Fino NPL portfolio

Eurocastle Investment Limited, together with other affiliates of Fortress Investment Group LLC, has agreed to acquire additional interests in the junior notes of both securitisations that collectively own the Fino non-performing loan portfolio from UniCredit S.p.A.. The transaction entails an anticipated investment for Euroca...
Wednesday, 29. November 2017