Henrik Saxborn, CEO of Swedish-listed property company Castellum, says he expects the company to transact a ‘normal’ amount of deals this year in the wake of a failed takeover bid for Entra and a linked reduced transaction with The Blackstone Group.
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Vienna-based property group CA Immo said on Thursday that it expects its portfolio value to rise by as much as €205 mln in the fourth quarter of the year, offsetting a €21.5 mln valuation loss registered in the first nine months of the year.
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The coronavirus pandemic is an opportunity to spur new-thinking in cities, driven by ‘a step change in public openness to change’, according to architect Lord Norman Foster.
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Fund manager M&G announced on Friday that its £136 bn With-Profits Fund is to allocate up to £5 bn into privately-owned enterprises working to create a more sustainable world.
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Hilton has signed an agreement with Signo Hospitality to develop 10 new hotels in Germany over the next five years.
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LaSalle Investment Management is targeting London and the UK in 2021 and believes the market is set for its strongest three-year period of returns from real estate since 2016.
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International law firm Addleshaw Goddard is doubling the size of its operations in continental Europe with the opening of an office in France, with a focus on real estate.
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PGIM Real Estate has acquired a 25% stake in Langtree, on behalf of an investment strategy, in a multi-million pound deal. Langtree is a major UK regional property development and management business.
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Austrian listed property firm CA Immo and joint venture partner Mainzer Stadtwerke have sold the so-called Hafeninsel I and Marina construction sites in Mainz, Germany, to LBBW’s real estate development arm.
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There were four Italian office transactions worth over €800 mln in total in the last two weeks of December, and they included sales of government-entity and bank portfolios and a record yield of 2.8% achieved by Blackstone in Milan.
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German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.
