Avignon Capital, the European property investment firm and asset manager, has disposed of 75 North End, Croydon, let to retailer Pandora, for £2.7m, reflecting an IRR of 73%. The unit was acquired as part of a portfolio of three retail assets in late 2016 for £6.05m. The assets are centrally located in the town and […]
Avignon Capital, the European property investment firm, announced the end of its financial year with a record deal volume across Europe, totalling €565m. During the 12-month period the firm continued investing in attractive and well-located assets despite the uncertain economic and political environment with 18 new acquisitions in the UK, Netherlands and Germany. In addition […]
ActivumSG Capital Management, the Jersey based property fund manager, has acquired the ‘Saonehaus’ office complex in the Lyoner Quarter in Frankfurt-Niederrad. The deal comes with an option to convert the property to mixed use, reflecting increasing demand for residential property space in the surrounding area. Richard Wartenberg, director of Acquisitions and Sales at ActivumSG Advisory […]
Figures from commercial property services provider DTZ suggest European prime commercial property will offer total return of 17.5% this year, the highest in almost a decade, and will average 6.6% over the next five years. These levels of total return come despite uncertainty linked to Greece and the eurozone. However, DTZ said that on a […]
Leimdörfer, the Nordic investment bank business that is part of adviser, lender and investor Brunswick Real Estate, has advised on a DKK16.9bn (€2.27bn) deal involving Novo A/S, TryghedsGruppen and DADES – the largest ever property transaction in Denmark. Novo and TryghedsGruppen are taking a 49.2% stake in DADES. Leimdörfer acted as adviser for DADES, which […]
UK headquartered Hermes Investment Management has appointed Philip Nell as fund director in Hermes Real Estate, starting on 20 July. Based in London, Nell will report to Chris Taylor, chief executive of Hermes Real Estate. He joins from Aviva Investors, where he recently held the role of head of European Retail Funds, responsible for some […]
Laxfield Capital’s latest UK Commercial Real Estate Debt Barometer suggests loan to value ratios have increased in the past two quarters, compared to the same time last year.
Catella Real Estate AG Kapitalanlagegesellschaft, has announced a fourth closing of its fund focussed on sustainable property projects as it looks to raise additional equity for further investments.
After a disappointing 2013, returns on real estate have overtaken equity returns by a wide margin on a year-to-date basis, ING Investment Management International (ING IM) has highlighted.
Figures published by Catella suggest it was the biggest sales adviser in the local property market through 2013 on a valuation basis, the Swedish financial group has said.
F&C Investments has announced the launch of a real estate fund offering investors exposure to listed real estate securities globally.
Changes to the Irish property market portend trends across Europe for this asset class, believes Joe Valente, head of Research and Strategy for the European Real Estate Group at JP Morgan Asset Management.