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» Chronological View: " Southern Europe " «

Axiare Patrimonio acquires an office property in Madrid for €29.7m

Axiare Patrimonio acquires another property, and brings the total value of its property portfolio close to €1,750 million. The Socimi has acquired an office property at Calle Josefa Valcárcel, 40 bis in Madrid, which is currently under construction, for €29.7 million. With this purchase, Axiare Patrimonio bolsters its positio...
Friday, 24. November 2017

European shopping centre development slows but pipeline remains strong

Shopping centre development activity in the first half of 2017 increased total floorspace across Europe to 160.8 million sq m at the midpoint of the year, according to Cushman & Wakefield. In the first half of the year 825,000 sq m was delivered to the market in Central & Eastern Europe (CEE), compared with 344,000 sq m in We...
Thursday, 23. November 2017

Coima acquires rights on more than 32,000 sq m in Porta Nouva in Milan

Coima SGR was awarded the allocation of a communal area of 32,208 square metres, entirely located within the Porta Nuova area, located between the streets Melchiorre Gioia, Pirelli and Sassetti, by the municipality of Milan. The transaction, worth €78,888 million, was funded by the Coima Opportunity Fund II fund, reserved for...
Wednesday, 22. November 2017
Joint-Venture of Benson Elliot, Walton Street, Algonquin sells two Italian hotels

Joint-Venture of Benson Elliot, Walton Street, Algonquin sells two Italian hotels

A joint venture between Benson Elliot, Walton Street Capital and Algonquin SA has sold the Westin Europa & Regina hotel in Venice and the Westin Palace in Milan. The sale of the Venice and Milan hotels marks the penultimate exit from the Prime Europe Hotels portfolio of eight European gateway city properties, acquired by the ...
Wednesday, 15. November 2017

Colonial increases its stake in Axiare to 29% and launches a takeover bid

Colonial has acquired an additional 13.3% of Axiare's share capital from former shareholders of the company, including Pelham Capital’s 9% stake, and has launched a voluntary tender offer to acquire the remaining 71.4% of „Axiare Patrimonio Socimi SA “. The consideration offered to shareholders of Axiare consists of €18.50 pe...
Tuesday, 14. November 2017

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