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» Chronological View: " Southern Europe " «

Sonae Sierra recorded a net profit of €110 million in 2017

Sonae Sierra recorded a net profit of €110.0 million in 2017, compared to the €181.2 million recorded in 2016 impacted by a lower value created in investment properties. EBIT reached €105 million, a 8.5% increase over the previous year. The Direct Result rose to €65 million, an improvement of 14% compared to 2016. This reflec...
Thursday, 15. March 2018

Duro Felguera sells two office buildings

Signal Capital Partners has completed the acquisition of 2 office buildings from Duro Felguera, advised by Optimus Global Investors. The largest building is the corporate headquarters of Duro Felguera in Madrid, which is located at Via de los Poblados 7, in the consolidated Campo de las Naciones Business Park. The freestandin...
Thursday, 15. March 2018
AEW acquires the Planetocio retail and leisure centre in Madrid for €20mn

AEW acquires the Planetocio retail and leisure centre in Madrid for €20mn

AEW has acquired the Planetocio retail and leisure centre on behalf of one of its funds for €20 million from Axiare. The centre was built in 2001 and offers 21,000 sqm of retail and leisure space across 40 units. Major tenants include Media Markt and Yelmo Cinema, as well a number of well-known food and beverage brands (McDon...
Monday, 12. March 2018
UBS (D) Euroinvest makes first acquisition after repositioning

UBS (D) Euroinvest makes first acquisition after repositioning

UBS Real Estate GmbH has acquired the Titán 8 office asset in Madrid, Spain on behalf of the UBS (D) Euroinvest Immobilien fund. This transaction represents Euroinvest’s debut investment since the fund’s recent strategic relaunch.
Tuesday, 6. March 2018

Gino Antonacci promotes to Head of Klépierre

Klépierre appointed Gino Antonacci as Head of its Italian subsidiary. Previously Chief Operating Officer of Klépierre Italy, Gino Antonacci was promoted to General Manager of this subsidiary, effective on 01.03.2018. In this capacity, he will be a member of the Klépierre Group Management Team.
Thursday, 1. March 2018

Ardian raises €700 million for inaugural fund

Ardian has raised more than €700 million for its first real estate European fund - Ardian Real Estate European Fund (AREEF). The fund which has an investment sweet spot of €50 to €150 million, targets commercial property assets with a significant size in the core-plus / value-added segment and seeks to significantly enhance r...
Thursday, 1. March 2018

Hines in joint venture with Blue Noble invest in student housing development in Milan

Hines has made its first entry into the Italian student housing market, with the acquisition of a site near Bocconi University, Milan, to develop a 600-bed accommodation facility. The investment is part of a joint venture between Hines and Blue Noble, an independent real estate investment management company, and will be Hines...
Tuesday, 27. February 2018

Sonae Sierra and Impresa Pizzarotti develop a new Shopping District in Parma

Sonae Sierra and Impresa Pizzarotti & c. S.p.A have signed an equal joint venture for the development of a new Shopping District in Parma, an economic and industrial district in the Emilia Romagna region. The location is situated to the north of Parma, near to the city's trade fair centre. It will be created through the redev...
Monday, 26. February 2018

Neinver reports growth to €917 million across the outlet portfolio

Neinver continues delivering year-on-year sales and footfall increases across its outlet portfolio. In 2017, the company recorded over €917 million in sales, a 5% like-for-like increase compared to the previous year, and welcomed more than 41.7 million visitors across its portfolio of 15 outlet centres in Spain, Poland, Franc...
Monday, 26. February 2018

Sonae Sierra and Armórica form a partnership

Sonae Sierra and Armórica have formed a partnership to acquire the Serra Shopping shopping centre. Located in the city of Covilhã, this shopping centre is partly owned by the Sierra Portugal Fund. As part of this acquisition, Armórica will hold a majority stake in the asset, while Sonae Sierra will have a minority stake. Son...
Thursday, 22. February 2018

CBRE GI acquires a company owning a prime Italian shopping centre

CBRE Global Investors has completed the acquisition of the company owning the Gran Shopping Mongolfiera Molfetta, on behalf of the CBRE European Shopping Centre Fund II (ESCF II). The company was acquired from Orion Income Return Partners (a fund sponsored by Orion Capital Managers) and HB Capital.
Wednesday, 21. February 2018

Coima closes capital raising for Coima opportunity Fund II

Coima has completed the capital raising for the Coima Opportunity Fund II (COF II), reaching the expected target of €500 million with the already agreed additions of the coinvestment and the option to increase the subscriptions, bringing the total amount of capital raised to over €650 million.
Monday, 19. February 2018
Internos sells Lisbon office building for €22.6 million

Internos sells Lisbon office building for €22.6 million

Internos Spezialfondsgesellschaft mbH has sold a Lisbon office building, 'Mar Vermelho', to a Portuguese institutional investor for approximately €22.6 million. Located on Avenue D. João II 50 in Lisbon, Mar Vermelho comprises 6,900 sqm of fully-let space across nine floors, as well as 176 car parking spaces in three basement...
Friday, 16. February 2018

AEW completes €4.5bn of deals and grows AUM to €28bn in 2017

AEW completed €4.5bn of transactions in Europe in 2017, including €3.5bn of acquisitions. Assets under management increased by 6% during the year to reach approximately €28bn as at 31 December 2017, marking another strong year for the firm. Including the US and Asian operations, the firm manages approximately €60bn of assets...
Thursday, 15. February 2018

BNP Paribas presents „Horti, il segreto di Porta Romana“

BNP Paribas Real Estate Property Development has a new residential development project in Milan, situated between Via Lamarmora and Via Orti and which will take the name 'Horti, il segreto di Porta Romana'. Following the purchase of a 14,600 sq m site from the Università Cattolica del Sacro Cuore in October 2017 for circa €24...
Thursday, 15. February 2018

DCAM commits to deliver a €400mn development programme by mid-2019

Delin Capital Asset Management has committed to deliver a €400mn development programme by mid-2019, comprising 300,000 sqm of prime logistics space. DCAM currently has 126,000 sqm of Grade-A logistics assets under construction and a further 174,000 sqm in permitting and site preparations, comprising both build-to-suit (90,000...
Thursday, 15. February 2018

Prologis closes pan-European portfolio sale to Ares Management

Prologis has sold a portfolio of assets to funds managed by Ares Management, L.P. The portfolio comprises 21 assets totalling 450,930 square metres and three land sites totalling 276,700 square metres. The assets are located throughout France, Germany, the Netherlands, Poland, Spain and the United Kingdom. According to inform...
Tuesday, 13. February 2018