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» Chronological View: " Luxembourg " «

BNP Paribas REIM secures Kockelscheuer building in Luxembourg from Grossfeld PAP

BNP Paribas REIM on behalf of its Next Estate Income Fund III (NEIF III), managed by BNP Paribas REIM Luxembourg agreed with Grossfeld PAP on the sale of the Kockelscheuer office project in Luxembourg. The property is expected to be delivered in Q1 2022 and aims at granting a BREEAM Excellent green certification. The five-sto...
Tuesday, 18. February 2020

Real I.S. raises transaction volume to €1.8 billion

Real I.S. AG raised its transaction volume by €300 million to almost €1.8 billion in the financial year 2019. Of this amount, a little over €1.2 billion was attributable to acquisitions and around €600 million to sales. Germany accounts for the major part of acquisitions, followed by the Netherlands and France. In terms of sa...
Friday, 7. February 2020

Hansainvest Real Assets launches Hansa Europe Logistic Fund

Hansainvest Real Assets GmbH is launching Hansa Europe Logistic Fund (HELF), an open-ended special AIF for high-quality project developments and existing properties in the logistics sector. Thus the Hamburg-based investment company is strategically expanding its own logistics portfolio. The investment focus of the fund is on ...
Tuesday, 28. January 2020

Catella makes first Luxembourg acquisition for the sustainable fund

Catella Real Estate AG has acquired an office building in 7 Rue Thomas Edison, Strassen, Luxembourg for its fund Sarasin Sustainable Properties – European Cities (SSP). The Sarasin Sustainable Properties – European Cities fund is a product of Catella Real Estate AG in cooperation with the Bank J. Safra Sarasin.
Friday, 24. January 2020

ICN, Besix Red and Tralux JV acquires the Villeroy & Boch site in Luxembourg

On 3 December, the group of promoters ICN Development, Tralux Immobilier and Besix Red signed the acquisition of the land (transfer of property through sale of shares of Rollingergrund Premium Properties) on which Factory 1 of Villeroy & Boch was located, in Rollingergrund. The City of Luxembourg had acquired Factory 2 in 2016.
Wednesday, 8. January 2020

ISG appoints Aydin Karaduman as Managing Director Europe

ISG has appointed Aydin Karaduman (54) as new Managing Director Europe. The newly created position is following the best result in the company's history last year and the planned expansion of business in continental Europe, especially in the core areas of office, retail and data centres. Karaduman, former CEO of DIC Asset AG ...
Friday, 4. October 2019

Alstria places unsecured corporate bond

Alstria office REIT-AG has placed an unsecured, fixed-rated corporate bond. The corporate bond maturing in 2025 with a total nominal amount of € 400 million will bear a fixed coupon of 0.5 %. The proceeds from the bond will be used to replace an existing bond maturing on March 24, 2021 (outstanding volume: € 326.8 million; co...
Friday, 20. September 2019

Capital Bay acquires Luxembourg fund manager

Berlin-based Capital Bay Group has bought Luxembourg-based alternative investment fund manager (AIFM) IC Fund anagement S.á.r.l., International Campus Group’s (former) fund management vehicle. With the acquisition, Capital Bay, in the role as AIFM, also formally took over the management of one of the fund businesses previousl...
Thursday, 12. September 2019

European hotel investment volume bucks the trend

Despite the total commercial real estate investment in Europe declining 7.8% year-on-year in the twelve months to Q2 2019, hotel investment saw an increase of 5.3% over the same period, totaling €24.3bn, according to the latest data from global real estate advisor, CBRE.
Thursday, 15. August 2019

Netherlands-based MVGM acquires JLL's continental European property management

Dutch-based property manager MVGM and JLL have reached an agreement for MVGM to acquire JLL’s Continental European property management business, including some specialist shopping centre management teams and capabilities, creating a pure-play property manager with a pan-European footprint. The transaction is expected to close...
Thursday, 4. July 2019

AEW appoints Quentin Verschoren as Head of Luxembourg

AEW has appointed Quentin Verschoren as Managing Director, Head of Luxembourg with immediate effect. He is based in Luxembourg and reports functionally to Luc Bordereau, Managing Director, Head of Fund Operations and Financing (for Paris & Luxembourg).
Wednesday, 24. April 2019

Europa Capital appoints Eric Biren to lead new Luxembourg office

Europa Capital will strengthen its European presence by opening a permanent office in Luxembourg, dedicated to the management and structuring of its European activity. The investment company has opened the new office to coincide with the appointment of Eric Biren as Partner. He has worked with Europa Capital as consultant in ...
Wednesday, 24. April 2019

Fund manager LeadCrest launches to target European sale leaseback opportunities

LeadCrest Capital Partners has launched as a new fund management business specialising in sale leaseback transactions across Europe. The new business will target Europe’s untapped sale leaseback market, focusing on transactions between €10m-€50m in Western and Northern Europe. It will invest in office, industrial, retail and ...
Monday, 8. April 2019

Cording launches European industrial fund

Cording Real Estate Group today announces the launch of the Cording Euro Industrial Real Estate Fund that will invest in light-industrial and small logistics assets in the Eurozone. The fund has a core plus risk profile and is aimed at institutional investors. The open-ended fund has been launched with equity commitments from...
Tuesday, 2. April 2019

Aroundtown announces dividend increase

The 2018 fiscal year went well for Aroundtown S.A., from which shareholders should also benefit. The real estate company announced that it will increase its dividend by 9 percent to €0.25 per share (previous year: 0.23 euros). Based on the current share price of €7.60, the current dividend yield is 3.29 percent. The Annual G...
Friday, 29. March 2019