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Economy & Financial

Patron appoints Mal Hunt as Head of Investor Relations

Patron Capital has appointed Mal Hunt as Senior Partner and Head of Investor Relations & Strategic Partnerships. This follows the recent close of Patron's seventh flagship fund, which raised in excess of €860 million, including more than €200 million of discretionary co-investment capital for larger opportunities.
Tuesday, 21. May 2024

CBRE promotes Colin Thomasson to Head of UK Investment Properties

CBRE has promoted Colin Thomasson to Head of UK Investment Properties. Colin, who is an Executive Director, will maintain his current responsibility for running the Northern Investment Properties business, alongside his new nationwide role. He will continue to be based in CBRE’s Manchester office and will retain his role as l...
Tuesday, 21. May 2024

Maciej Kaminski becomes Head Of Business Development at AXI Immo

As of May 2024, Maciej Kaminski joins the AXI Immo Services team as Head Of Business Development. His main task will be formulating and implementing business development strategies and negotiating and concluding contracts in the company's business area. His extensive industry experience will significantly contribute to the co...
Tuesday, 21. May 2024

Sirius issues €59.9m of new notes in bond tap

Sirius Real Estate has issued €59.9 million nominal value of notes (the „Issuance“) to be consolidated and form a single series with the €300 million 1.75% bonds due November 2028, issued originally on 18 November 2021 (ISIN: XS2412732708) (the „11/2021 Notes“). The new notes were priced in line with current trading levels a...
Friday, 17. May 2024

GRE Finance lends £10m for office redevelopment and value-add hotel projects

GRE Finance has completed two loans, worth c. £10 million, secured against a £50m GDV planning reposition deal and an operational country house hotel, as the firm continues to expand its loan book amid significant opportunities for lending against value-add real estate assets.
Friday, 17. May 2024

Savills strengthens team with Rose Lyle and Cian Pearse

Savills Ireland adds two new members to its Residential & Country Agency department, further enhancing the largest specialist team in the country. Joining the team are Rose Lyle as Associate Director and Cian Pearse as Sales Negotiator.
Thursday, 16. May 2024

Quartiers enters partnership with Catella

Quartiers Properties AB has entered into a partnership with Catella Corporate Finance for the expansion of Boho Club in Europe. The first task of the partnership is to refinance the Company's loan structure and to raise funds for the expansion of Boho Club Marbella in accordance with the detailed plan that is currently being ...
Thursday, 16. May 2024

C&W expands into Austrian market

Cushman & Wakefield has signed an exclusive affiliate agreement with CBS International to deliver commercial property services in Austria. The affiliate agreement builds upon an existing successful relationship between the two firms, with CBS International having been Cushman & Wakefield’s affiliate in Serbia and Montenegro s...
Thursday, 16. May 2024

Former Rockspring TEP team launches Evonite

A team of experienced European real estate professionals launch a new London-based and independently owned European value-add real estate partnership. Evonite has been set up to challenge the status quo with a vision to build on a philosophy of delivering consistent and meaningful performance for its investors across vintages.
Thursday, 16. May 2024

Peach Property general meeting approves all proposals

The shareholders of Peach Property Group AG approved all items on the agenda at today's Annual General Meeting with clear majorities. Around 60.04 percent of the issued share capital, or 81.25 percent of the registered voting rights, were represented at the beginning of this year's Annual General Meeting in Zurich.
Wednesday, 15. May 2024

CFO Marc Heß leaves Aareal Bank

CFO Marc Heß will not be renewing his contract at the end of the year. According to the company, the decision was made „by mutual agreement“. Parallel to the surprising personnel change in the finance division, Aareal Bank can report a jump in profits for the first quarter, despite high risk provisions.
Wednesday, 15. May 2024

Nicolò Bellavigna joins Savills Italy as Head of Office Tenant Representation

Savills has appointed Nicolò Bellavigna as Head of Office Tenant Representation in Italy with immediate effect. With a background in economics and finance from Bocconi University, he started his career at leading financial institution UBS Europe SE before working in tenant representation for JLL and DILS.
Tuesday, 14. May 2024

TAG continues positive operating business performance in Q1

In operational terms, the first three months of the financial year 2024 were a very successful quarter for TAG Immobilien AG. FFO I, which includes the German and Polish rental business, rose by 5% year-on-year to €44.6m (€+2.0m).
Tuesday, 14. May 2024