All articles by Leen Preesman – Page 6
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News
ECP to focus on increased exposure in Sweden
REAL ESTATE - Euro Commercial Properties will focus on increasing its present exposure of 19% in Sweden, it announced. The property investor and developer has budgeted €220m for upgrading and developing its existing retail centres within its...
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ING opens delayed €500m Warsaw retail landmark
REAL ESTATE - After a one-and-a-half year’s delay, ING Real Estate has officially opened its €500m landmark retail centre Zlote Tarasy in Central Warsaw. The mixed-use project of Zlote Tarasy - ‘Golden Terraces’ - covers 6...
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Corio buys 40% stake in Turkish retail centre
REAL ESTATE - Property developer and manager Corio has acquired a 40% stake in a Turkish retail centre in a €55m transaction, it said. The deal involves the Teras Park shopping centre, comprising of 55,000m2 of gross lettable area, current...
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EOP prefers Blackstone’s $39bn bid, spurning Vornado
REAL ESTATE - The Blackstone group has ended up as winner of the bidding war, by Equity Office Properties’ decision to agree with its $39bn all-cash offer. After EOP’s board of trustees had already reaffirmed their acceptance of the Bl...
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Rodamco in four-for-one share split move
REAL ESTATE - Property investor and manager Rodamco Europe proposes to split its shares to increase its liquidity and accessibility. At its next annual general meeting, the company will ask shareholders to agree to a split in the ratio of 4 new sh...
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Corio to invest €85m in European retail centres
REAL ESTATE - Property investor and manager Corio has entered into agreements on the extension and redevelopment of retail centres in France and Holland, for a total amount of over €85m, it has announced. In an €18.3m transaction, Cori...
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VastNed mulls €50m shares offering for expansion
REAL ESTATE -The pan-European retail property investment fund VastNed Offices-Industrial is considering an €50m share offering to finance future acquisitions, it announced. VastNed intents to place the shares privately with institutional inv...
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Nieuwe Steen mulls cooperation with Israeli player
REAL ESTATE - Dutch real estate development company Nieuwe Steen Investments (NSI) has entered exploratory talks on cooperation with Israel-based property developer Habas HZ Investments, it announced. At Habas’ request, NSI is investigating ...
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ING facilitates €260m credit for London City office
REAL ESTATE - ING Real Estate Finance has completed a €260m credit facility for the acquisition of 88 Wood Street, London EC2 by a co-investment partnership, it said. The transaction involved the largest asset purchase by ING in the UK so f...
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Prupim purchases €123m Scottish centre for M&G
REAL ESTATE - Prudential Property Investments (Prupim) has purchased the Wellgate Shopping Centre in Dundee from HBG Properties, it announced. The €123m transaction was on behalf of the M&G Property Portfolio, it said. The retail cent…
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Perennial names van Loen as senior portfolio manager
REAL ESTATE - Perennial Real Estate Investments (PREI) has appointed Boudewijn van Loen as senior portfolio manager Europe. Van Loen, will be closely working with the existing European team of Stuart Pearce and Joseph Daguio, it said. According...
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Rodamco sells flagship office building
REAL ESTATE - Property investment and management company Rodamco Europe has sold its building Robeco house in Rotterdam, to increase its focus on shopping centres, it announced. Robeco House - one of Rodamco’s flagship buildings - has been a...
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ING Dutch real estate funds return up to 21%
NETHERLANDS - ING Real Estate’s three Dutch funds have realised returns of up to 21% during 2006. The best performer was the €1.7bn Dutch Retail Funds, which yielded 20.5%-21.1%, according to ING. Dutch Office Funds, with assets under ...
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Rodamco buys into Moscow retail market
REAL ESTATE - Real estate investor Rodamco Europe has set a first step onto the Moscow property market, by acquiring a 50% stake in the retail centre-under-development Metropolis, it has announced. Its investment of €200m in the ‘top-...
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ABP declares interest in running Dutch toll roads
REAL ESTATE – The €201bn civil service pension fund ABP is willing to operate one or more motorways in the Netherlands as toll roads, its chairman Elco Brinkman said. The conditions are that ABP would get the rights for at least 30 yea...
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VastNed acquires properties Madrid properties
REAL ESTATE - Retail real estate fund VastNed has acquired two properties in a top location in Madrid, it announced. In a €10m transaction, VastNed purchased shop-premises of 256m2 and 120m2 respectively in the Calle de Fuencarral, a shoppin...
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ABP scales down stake in real estate group
REAL ESTATE - The €201bn civil service pension fund ABP has decreased its majority stake in real estate group Vesteda to 46.7%, Vesteda said. During five transactions, ABP has sold 13.4% of equity, worth €450m in total. The amount was ...
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ING launches Eurosiris fund of funds
REAL ESTATE - ING Real Estate Select has launched a fund for investors who want to allocate their assets in continental Europe, it announced.
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ABP’s role in real estate firm Corio queried
NETHERLANDS – Dutch pension giant ABP risks being drawn into a row over the management of real estate firm Corio, in which it has a 39% stake. Former Corio board members have in the past few days urged the current board to replace the manage...
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Cordares eyes international property pooling
REAL ESTATE - Pensions provider Cordares says it’s considering setting up direct real estate pooled funds with pension funds abroad as a way to diversify risks. At the moment, the €23bn pensions and asset manager, is discussing a coope...
