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» Chronological View: " Southern Europe " «

Coima Res purchases Pavilion in Milan Porta Nuova from UniCredit

Coima Res has signed a preliminary purchase agreement with UniCredit to acquire the Pavilion complex in Milan Porta Nuova for €45 million plus a potential earn-out of up to €5 million. The closing of the acquisition is expected by the end of the year. Currently owned by UniCredit, the Pavilion is a LEED Gold multipurpose buil...
Tuesday, 22. May 2018

BMO Real Estate Partners completes third acquisition for Best Value Europe II

BMO Real Estate Partners announced the launch of the second fund of its Best Value Europe series, Best Value Europe II. The launch took place with equity facilities from customers already invested in other products of BMO. Thereby, BMO REP continues to invest in this segment, supported by a very good investment pipeline. Righ...
Thursday, 17. May 2018

Axa IM completes largest Madrid office letting since 2013

AXA Investment Managers - Real Assets has agreed a 37,800 sqm letting to Everis, the multinational consulting firm, at the Novus Building, Fuente de la Mora 1, in Madrid. It represents the largest office letting deal since 2013 in Madrid (source: Savills Aguirre Newman).
Thursday, 17. May 2018

Savills appoints Francesca Cattagni as Head of High Street Leasing

Savills has appointed Francesca Cattagni as Head of High Street Leasing, based in the Milan office. Cattagni’s immediate focus will be on providing the Savills team with strategic support in Milan and wider Italy, working amongst others with major retail brands. Cattagni has over ten years’ experience in high street leasing a...
Wednesday, 16. May 2018

Sonae Sierra's net profits slip as sales gains fall

Sonae Sierra recorded a net profit of €15.3 million in the first three months of 2018, compared to the €15.9 million reached in the same period of last year, impacted by lower gains on the sale of investments in 2018. EBIT was at €27 million, up by 8% year-on-year thanks to the European portfolio’s improved performance as wel...
Monday, 14. May 2018

Axactor signs four outsourcing contracts

Axactor Spain has added two new outsourcing contracts providing debt collection services for two of the largest financial institutions and one contract with a substantial real estate service provider in the country. The combined annual contract value is €2.6m across all four contracts. The existing contracts are for 12 months...
Monday, 14. May 2018

Intu rebrands Spanish shopping resort

Intu has rebranded one of its largest shopping resorts. Located in Zaragoza, northern Spain and occupying over 206,000 sq m, Intu Puerto Venecia broke the mould when it opened in 2012 by combining a comprehensive retail mix with extensive leisure activities all centred around a lakeside environment. iThe shopping centre is ...
Friday, 11. May 2018

TH Real Estate acquires second asset for European Cities fund

TH Real Estate has acquired the Via Darwin complex located in Milan on behalf of their European Cities fund for c. €100m, through the subscription of quotas in an Italian real estate fund managed by Antirion SGR SpA, from Brioschi Sviluppo Immobiliare S.p.A. Via Darwin is a well-established office and university campus compri...
Tuesday, 8. May 2018

Coima RES generates net profits of €3.4 million in the first quarter 2018

Coima RES closed the first quarter of 2018 with an overall rental income of €8.8 million, up 6.9% from €8.3 million in the same period last year. In contrast, the net result fell from €7.5 million to €3.4 million. At the end of March, the total value of the portfolio was €610.9 million, confirming the value at the beginning o...
Friday, 4. May 2018

CMS promotes seven real estate lawyers to partner

CMS has promoted seven new partners in the firm's real estate group, with the London team welcoming three new partners. Across the firm, CMS has promoted 47 to partner in 23 of its offices globally. Over 38% of these promotions are women, spread across 11 countries including Austria, Colombia, France, Germany, Peru, Poland, P...
Friday, 4. May 2018

Golden Tree buys Bankia' portfolio of €300 million

The US fund manager Golden Tree, which manages debt amounting to approximately €25,500 million, has just entered in Spain, buying a portfolio of €300 million in distressed assets of Bankia SA. According to Spanish press, the deal has been completed under the name „Project Giants“ and follows last year's sales. There, the nati...
Friday, 4. May 2018

BNP Paribas REIM acquires an office complex in the greater CBD of Milan

BNP Paribas REIM has acquired “Viale Stelvio” on Viale Stelvio 55, a state-of-the-art office complex designed by the architects Rolando Gantes and Roberto Morisi. The architectural landmark is located in the greater CBD of Milan with an excellent connection to the public transport. The building is fully let and is the Headqua...
Friday, 4. May 2018

Aura shopping centre celebrates its opening in Rome

On April 20, the Aura Shopping Center opened its doors to the public. Located in the heart of the Valle Aurelia district, in Rome, close to the Vatican City walls, the Aura shopping center has 60 stores, a PAM Superstore, a Virgin Active gym, a Mondadori Bookstore, a food court terrace with 16 restaurants and bars, all connec...
Thursday, 3. May 2018

Rezidor opens nine hotels in the first quarter

Rezidor Hotel Group AB has signed nine new hotel openings representing close to 1,700 rooms in the first quarter of 2018. One of the key signings of the quarter was the Palazzo Montemartini in Rome, which will join the Radisson Collection in July 2018 . The signing of the Palazzo Montemartini - an Italian style icon that open...
Wednesday, 2. May 2018

Metrovacesa sells tertiary-use plot in Barcelona for €22m

Metrovacesa has sold a 17,000 sqm plot in Barcelona, located in the 22@ district of the Catalan Capital, to the developer La Llave de Oro for €22 million. The land is located between the streets "Las calles Sancho de Ávila, Almogavers, Pamplona and Alaba. The company has closed the sale after completing the urban planning man...
Monday, 30. April 2018

HI Partners acquires the IFA InterClub Atlantic in Gran Canaria

HI Partners, part of Blackstone Real Estate Partners Europe V since 2017, has acquired the Hotel IFA InterClub Atlantic in San Agustín from Ifa Hotels and Touristik for €62.8 million. The company plans to refurbish the property to convert it into a flagship resort. Lopesan, the majority shareholder of IFA, will manage the ho...
Friday, 27. April 2018

Natixis opens new Madrid headquarters for Spanish businesses

Natixis will open a new office in Madrid on April 30th, bringing its various Spanish businesses under one roof, together with fellow Groupe BPCE subsidiary Pramex. Located in Serrano 90, it will cover 3,000 square meters over four floors in this newly renovated building at the heart of Madrid’s Golden Mile. The office will be...
Friday, 27. April 2018