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» Chronological View: " Southern Europe " «

AXA IM - Real Assets acquires Grade-A office building in Milan for c. €44 million

AXA Investment Managers - Real Assets has completed the acquisition of a Grade-A office building, located in the dynamic Bicocca business district of Northern Milan for c. €44 million. Acquired from Effepi Real Estate, a fund managed by Generali Real Estate S.p.A. - Società di Gestione del Risparmio, the acquisition was made ...
Thursday, 9. November 2017

Investor survey shows Germany and Spain could overtake UK as preferred markets for 2018

A survey of 148 real estate investors conducted by Knight Frank has suggested that both Germany and Spain could overtake the UK as Europe's leading investment market in 2018. The survey was conducted at Knight Frank's annual European Investment Breakfast, attended by 148 senior professionals representing organisations with an...
Tuesday, 7. November 2017
BMO REP acquires two high-street retail properties for €150 million

BMO REP acquires two high-street retail properties for €150 million

BMO Real Estate Partners has acquired two prime retail properties for €150m, on behalf of its pan-European retail property investment fund. The fund focuses on high-quality retail properties in prime shopping streets within major European cities and is aimed at institutional investors. MF Studio Legale advised BMO REP on both...
Monday, 6. November 2017

Cushman & Wakefield brings Urban Outfitters to Italy

Cushman & Wakefield, instructed by InvestiRE SGR, has carried out another important high street transaction; evidence that the Italian retail market continues to attract high-profile global brands. The global lifestyle brand Urban Outfitters rented space in the prestigious Corso Vittorio Emanuele in Milan.
Friday, 3. November 2017
SEVA vehicle acquires the hypermarket premises at L'Aljub Shopping Centre in Elche

SEVA vehicle acquires the hypermarket premises at L'Aljub Shopping Centre in Elche

Southern European Value-Add (SEVA) investment vehicle has acquired the hypermarket premises at L'Aljub Shopping Centre in Elche from Eroski for €18.7m. SEVA is a mandate managed by TH Real Estate for investors TPG Real Estate and Partners Group, with a focus on value-add and opportunistic investments in Southern European reta...
Thursday, 2. November 2017
CBRE GI acquires 31,100 sqm warehouse from Akno Business Parks

CBRE GI acquires 31,100 sqm warehouse from Akno Business Parks

CBRE Global Investors, on behalf of the CBRE European Industrial Fund (EIF), has acquired the second phase of the Trucazzano Business Park in Truccazzano (MI), 15 km east from Milan. The 31,100 sqm warehouse is newly developed and built to the highest quality standard. The property was sold by Akno Business Parks in an off-m...
Tuesday, 31. October 2017

Coima Res acquires Monte Rosa office complex in Milan for €57 million

Coima Res has purchased “off-market” an office complex in Via Monte Rosa 93, Milan for €57 million (plus transfer tax and due diligence costs). The purchase price represents a discount of 3.7% vs the fair value of €59.2 million, as estimated by the independent appraiser CBRE. The fair value implies an EPRA net initial yield o...
Monday, 30. October 2017
ECE opens refurbished food court at Megalò shopping center in Chieti

ECE opens refurbished food court at Megalò shopping center in Chieti

A new highlight for Megalò shopping center in the Italian city of Chieti: After a construction period of six months ECE, responsible for the management and leasing of the center, and the ECE European Prime Shopping Centre Fund I, investor for the center, opened the redesigned food court of Megalò. Named “Cucina Club” the new ...
Monday, 30. October 2017

Coima Res sells 21 Deutsche Bank assets for €31.8 milion

Coima Res S.p.A. SIIQ has accepted, through Coima Core Fund IV, a binding offer for the sale of a portfolio of 21 Deutsche Bank properties for a price of €37.8 million substantially in line with the book value as of June 30th, 2017 (3.6% discount). As a reminder, to date, Coima Res has sold Deutsche Bank branches in the North...
Monday, 30. October 2017

BMO REP completes two Barcelona retail lettings

BMO Real Estate Partners (BMO REP), part of Canada's BMO Financial Group's Global Asset Management business, has completed a new letting and a lease renewal at its 1,160 sqm retail property at Paseo de Grácia 32, in Barcelona, for a total annual rent of €2 million. Parisian designer Isabel Marant has taken 478 sqm across the ...
Friday, 27. October 2017
Internos signs digital & media solutions company in Madrid

Internos signs digital & media solutions company in Madrid

Internos Global Investors has leased approximately 3,000 sq m to a digital & media solutions company at La Marina Business Park in San Sebastian de los Reyes in Madrid. The property, owned by Internos Spezialfondsgesellschaft Mbh Sucursal en España (part of the ICE Balanced Fund) is located in an established business park com...
Friday, 27. October 2017

LCM Partners acquires €6bn Spanish loan portfolio

LCM Partners has acquired a substantial portfolio of Spanish, unsecured non-performing and re-performing consumer and SME loans from Aiqon Capital Group, an Asian investor exiting the market. This deal sees LCM buy approximately €6 billion of assets, comprising 400,000 individual loans, making this the largest secondary purch...
Friday, 27. October 2017

Savills IM appoints Marco Zorzetto as Director, Transactions

Savills Investment Management has strengthened its Italian team with the appointment of Marco Zorzetto as Director, Transactions. In his new role, Zorzetto will drive origination and execution of new investment opportunities for both existing and newly-created funds. He will report to the head of the Italian team, Giuseppe Or...
Tuesday, 24. October 2017

Transaction of non-performing loan’s portfolios expected to reach €2 billion in 2017

A new research conducted by Prime Yield, a Portuguese company focused on asset valuation, consultancy and research, concludes that the sale of Non-Performing Loan’s (NPL) portfolios in Portugal is set to gain momentum in 2017, with the annual transaction volume expected to reach €2 billion. This activity follows an already bu...
Tuesday, 24. October 2017
Henderson Park acquires Madrid office from Realia Inmobiliaria

Henderson Park acquires Madrid office from Realia Inmobiliaria

Henderson Park has made its first acquisition in the Spanish market with the purchase of the Los Cubos office building on Calle de Albacete 5 in central Madrid from Realia Inmobiliaria. Comprising 18,000 sqm space over nine storeys, Los Cubos is a well-known and recognisable office building in Madrid. It benefits from a stra...
Tuesday, 24. October 2017

BNP Paribas REIM SGR sells nine-asset portfolio on behalf of Venti M Fund

BNP Paribas REIM SGR p.A, advised by CBRE Italy, has sold a nine-asset portfolio to Corum Asset Management SAS on behalf of Venti M Fund, for a total value of €89 million. The assets are let to Metro Italia Cash & Carry S.p.A., and are located across Italy in the North (Ventimiglia, Surbo, Curtatone), Centre (Rimini, Castel M...
Friday, 20. October 2017