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» Chronological View: " Southern Europe " «

Ares Management on shopping spree in Europe

Ares Management funds has acquired a Pan-European office portfolio with seven assets and completed also the acquisition of eight logistics properties in France, Spain and the Netherlands.
Friday, 27. April 2018

GreenOak raises €911 million

Real estate investment manager GreenOak has held a final close of its second European Fund, GreenOak Europe Fund II, totalling €656 million of equity commitments and exceeding its target of €500 million.
Thursday, 26. April 2018

H.I.G. Capital invests in prime office building in Milan

One of H.I.G. Capital's affiliates has recently completed an investment of an 8,600 sqm trophy office building in the historical centre of Milan. The flagship building „Corso Italia 3“ will undergo an extensive renovation, benefiting from the strong occupier market which is attracting the interest of major international tenan...
Wednesday, 25. April 2018

CBRE GI expands its EMEA team

CBRE Global Investors has appointed Justin Berry as Senior Director, Separate Accounts EMEA. In this role he will be a Portfolio Manager, focused on building pan European real estate portfolios for Asian institutional clients. Moreover, the asset manager has appointed Philip Dunne as EMEA Head of Logistics.
Tuesday, 24. April 2018

Pbb refinances Las Mercedes Business Park in Madrid

Pbb Deutsche Pfandbriefbank provided a long term bilateral senior loan to GreenOak in an amount of €95 million to refinance Las Mercedes Business Park, located in Madrid. Las Mercedes Business Park comprises around 79,750 m² of Grade A office accommodation in nine buildings fronting the A-2 motorway. Las Mercedes Business Par...
Monday, 23. April 2018

Lar España's AGM approves a dividend payment of €45 million

Lar España Real Estate Socimi S.A.'s AGM approved a €0.49 dividend per share reported against 2017’s results, which equates to a €45 million dividend payment, 50% more than the €30 million paid in 2016, and well above the €12 million in 2015. The dividend payment will be made on Wednesday 18 May. Dividend yields stand at 5.5%...
Friday, 20. April 2018

Eurocommercial completes sale of four properties to IGD

Eurocommercial has sold Centro Lame (Bologna), La Favorita (Mantova), Centroluna (Sarzana) and Centro Leonardo (Imola ) in a single transaction to Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD) for €187 million. The price for the four galleries and a retail parks located in Northern Italy is in line with the latest ind...
Friday, 20. April 2018

Commercial real estate investors turn to Iberia

The overwhelming majority (87%) of investors in Iberian real estate plan to increase or maintain their allocation over the next 12 months, according to a new report commissioned by Intertrust. Of those already invested in Iberia, a quarter (24%) plan to increase their exposure, higher than those for the UK, Germany and the No...
Thursday, 19. April 2018

Primonial REIM entrusts BNPPRE Property Management with additional properties

BNP Paribas Real Estate Property Management has been selected to manage six nursing homes in Spain. These properties are part of a pan-European Property Management mandate awarded to BNPPRE Property Management to manage the assets of the SCPI Primovie in several countries. This brings the number of properties already managed ...
Thursday, 19. April 2018

Highest year on year record for European loan sales

Last year saw a return to growth in the loan sales market, with a total of €114 billion of real estate backed loan sales recorded during the year, according to the latest report by CBRE. Despite being a record year for loan transactions, there are still circa €1 trillion of outstanding NPLs held by European banks across all l...
Tuesday, 17. April 2018

Palazzo Montemartini in Rome joins Radisson collection

Radisson Hotel Group will add the Palazzo Montemartini in Rome to its Radisson Collection, effective June 2018. Built back in 1881, Palazzo Montemartini is now a hotel in the heart of Rome, situated near the Baths of Diocletian and the church of Santa Maria degli Angeli. The Palazzo is made up of 82 rooms and suites, as well ...
Tuesday, 17. April 2018

IHG signs first Hotel Indigo in Gibraltar

IHG (InterContinental Hotels Group) has signed of Hotel Indigo Gibraltar, under a franchise agreement with property developers Roquebrook. Located close to the Old Town and just a five-minute drive from Gibraltar International Airport, the hotel will offer rooms facing north towards Spain and eastward-looking rooms with views...
Tuesday, 17. April 2018

Rockspring completes c. €400 million of disposals for TransEuropean V

Rockspring Property Investment Managers LLP announces that since Q4 2017 it has contracted the sale of eight investments on behalf of its Europe-wide value add investment programme, TransEuropean Property Limited Partnership V (“TEP V”), for a total of circa €400 million. Just under 85% of the fund has now been liquidated wit...
Friday, 13. April 2018

Invesco acquires Outlet Centre on Brenner Mountain Pass

Invesco Real Estate (Invesco) has acquired the Outlet Center Brenner on behalf of one of its German separate clients. The factory outlet centre is located directly on the “Brenner Pass”, the Alps mountain pass on the border of Italy and Austria; the most frequented connection between Germany and Italy. The asset has been purc...
Friday, 6. April 2018

Goodman scales up in Italy

Goodman Group responds to customer demand with plans to grow its Italian business, and appoints Mario Costa as Country Manager.
Tuesday, 3. April 2018

Quilvest Real Estate buys Barilla Center in Emilia Romagn

Quilvest Real Estate has acquired, through an Italian real estate alternative investment fund managed by Kryalos SGR, the Barilla Center, a 12,600-sqm (135,625 sq ft) retail asset in Parma, located in the northern Italian region of Emilia Romagna. The acquisition was made from Baring (the holding vehicle for a local family) f...
Tuesday, 3. April 2018

Quilvest Real Estate buys Barilla Center in Emilia Romagna

Quilvest Real Estate, the real estate investment arm of Quilvest Private Equity, has acquired, through an Italian real estate alternative investment fund managed by Kryalos SGR, the Barilla Center, a 12,600 sqm (135,625 sq ft) retail asset in Parma on Via Emilia Est 7b, located in the northern Italian region of Emilia Romagna...
Tuesday, 3. April 2018

Testa Residencial agrees to buy 1,458 apartments from Caixabank

Testa Residencial has reached an agreement to acquire a portfolio of 1,458 apartments from BuildingCenter S.A.for an approximate price of €228 million. 66 per cent of these apartments are concentrated in Madrid, Palma de Mallorca, Barcelona and Valencia and the rest are located in other metropolitan areas in Spain. The 42 bui...
Monday, 26. March 2018