Property Press Releases

Ile de France (Paris), 2010-07-27 | Property Financing

• pbb Deutsche Pfandbriefbank renewed and extended the € 600 million facility to Beacon Capital Partners for “Tour First” tower in La Defense near Paris

  pbb Deutsche Pfandbriefbank renewed and extended the € 600 million acquisition and development financing of the “Tour First” tower in La Defense near Paris for Beacon Capital Partners (“Beacon”). The financing facility was initially provided in June 2007 to finance the joint venture agreement between Beacon and Axa, including the joint re-development of the tower.

  Nina Lux for Deutsche Pfandbriefbank AG

Germany, 2010-06-25 | Companies

• Schomberg Forms Real Estate Consulting Firm

  New Company Specialises in Investment Strategy, Fund Management and Asset Management

  Bärbel Schomberg for Schomberg & Co. Real Estate Consulting GmbH

Madrid, 2010-06-09 | Commercial property: Hotel, Running Deal Commercial Property

• CPI close the largest Spanish hotel transaction of 2010

  Continental Property Investment, the investment fund controlled by the British investor Boutros El Khoury, has closed the purchase of the Triangle Princesa in Madrid.

  Chantal Schaum for BNP Paribas Real Estate

Hamburg, 2010-06-02 | Companies

• "Prelios" will be the new name of Pirelli RE and Enrico Parazzini is appointed Managing Director Finance

  At today's meeting, the Board of Directors of Pirelli & C. Real Estate examined and approved the proposal to change the company’s name which will be submitted to the next Shareholders’ Meeting.

  Helene Herich for Pirelli RE in Deutschland

Berlin, 2010-05-31 | Commercial property: Retail, Commercial property: Shopping Center

• Successful redevelopment of the former Hertie department store in Berlin Neukölln

  You feel like saying, "Look, it can be done!", to the people who are still in heated debate about the pros and cons of redeveloping the dying breed of department store buildings for different, optimised uses that reflect their city locations.

  Kathrin Friedrich for COMFORT Gesellschaft für Geschäftsflächen- und Unternehmensvermittlung Holding mbH

Niedersachsen, 2010-05-27 | Property Funds, Commercial Property Investment, Property Investment, Commercial property: Logistics, Commercial property

• Commerz Real Acquires Logistics Property for "hausInvest europa”

  * Purchase of fully let logistics project development in Hanover * Total investment volume approximates 24 million euros

  Markus Esser for Commerz Real AG

Nordrhein-Westfalen, 2010-05-17 | Property Funds, Commercial Property Investment, Property Investment

• Commerz Real Acquires Logistics Property in Kerpen

  * Acquisition is earmarked for specialised Commerz Real fund * Total investment volume approximates 11.3 million euros

  Markus Esser for Commerz Real AG

Albania, 2010-05-12 | International, Running Deal Commercial Property

• Colliers to lease, market and manage Tirana Business Park

  Colliers International to lease, market and manage the first Business Park in Albania, Tirana Business Park

  Heliana Mano for Colliers International

Hessen, 2010-05-10 | Companies

• DIC Asset AG posts profitable start into the new year

  * Funds from operations (FFO) up year-on-year, to EUR 10.9 million * EUR 2.8 million consolidated net income shows good profitability

  Immo von Homeyer for DIC Asset AG