Search Results for: real estate – Page 9

Leasinvest Real Estate, via its 100% subsidiary Leasinvest Immo Austria, acquired two important retail parks near the largest shopping complex in Austria, Shopping City Süd in Vösendorf, close to Vienna.

EfTEN Real Estate Fund 4, a fund managed by “EfTEN Capital” AS, acquired the shopping center “River Mall” and business center “River Hall” in Kaunas.

German real estate investor, ECE, has entered into a joint venture with Art-Invest Real Estate UK for the development of a £190m residential project in the heart of London’s West End. The partnership will develop 88 luxury apartments, 35,000 sq ft of commercial space and 15 affordable housing units on a one-acre site on Cleveland Street in London W1. Its co-development partner is Dukelease, and completion of the project is scheduled for 2021.

Retail real estate specialist ECE Real Estate Partners has set up an open-ended pan-European shopping centre fund. The new “ECE Progressive Income Growth Fund” (EPIG Fund) has secured equity commitments of more than EUR 700 million from a leading global institutional investor base and has acquired a seed portfolio consisting of dominant shopping centres in Germany, Austria, Denmark, Poland and Italy with a market value in excess of EUR 1.6 billion. For the upcoming years, further acquisitions of dominant European shopping centres are planned.

Neptune, a joint venture between Neinver and Nuveen Real Estate, has acquired Silesia Outlet in Gliwice, Poland, from 6B47 Real Estate Investors for €31.5M.

The Dutch center will open in autumn 2020 and will be the first outlet center in the Greater Amsterdam area.

Trei Real Estate, a German property developer and property asset holder, found a new Managing Director for its subsidiaries in the Czech Republic and Slovakia.

Real estate investor and manager Cromwell Property Group has promoted Wouter Zwetsloot to Head of Real Estate in Europe.

Trei Real Estate GmbH (Trei), a developer with over 10 years’ experience on the Polish commercial real estate market, is rapidly developing a network of convenience retail parks. The company, part of the German Tengelmann Group, has now opened its 11th Polish retail park, operating under the Vendo Park brand, in Bytów. This is the developer’s first investment in the Pomerania region. The total cost of investment was approximately EUR 4 million.

Hamburg-based redos Group, one of Germany’s leading retail property specialists, has announced three major new additions to its team: Jan Steinhauer (43) as Technical Head, Dr. Till Dunemann (38) as Director and Project Head – Rhein-Ruhr Zentrum, and Mathis K. Freundl (32) as Finance Manager.

Ascencio and Sagax, real estate companies listed respectively on Euronext Brussels and Nasdaq Stockholm Large Cap stock exchanges, were accepted last Thursday for inclusion in the FTSE EPRA Nareit Developed Europe Index, following the quarterly index review. The effective date of the inclusion is 18 March 2019.

European commercial real estate investment volumes reached a record high of €312 billion in 2018, according to the latest data from leading global real estate advisor, CBRE. This represents a 0.3% increase on 2017, which was previously a record, when total investment volumes reached €311 billion.

Xavier Denis was appointed President of AG Real Estate France SAS effective as of 1 January 2019, replacing Mrs Brigitte Gouder de Beauregard.

2018 closed with a dynamic fourth quarter: around €3.5 billion worth investments. Annual volumes were down by about 20% compared to 2017 record year but up by 10% compared to the five year average, confirming a good level of activity, according to BNP Paribas Real Estate.

BNP Paribas Real Estate has strengthened its European presence by signing an alliance contract, regarding Advisory services (Transaction, Consulting, Valuation) and Property Management, with the Austrian real estate company EHL IMMOBILIEN GmbH, headquartered in Vienna. Founded in 1991 and managed by Michael Ehlmaier, EHL IMMOBILIEN GmbH employs 193 people, based mainly in Vienna.

Trei Real Estate GmbH (Trei), an international developer and property company from Germany for residential and retail real estate, has decided to enter the US housing market. As their first investment, Trei is developing a multi-family property in North Carolina.