All Real Assets articles in Web Issue – Page 108
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PropertyEU Archive
Ablon increases stake in Bucharest developments
Ablon Group, a Budapest-based real estate owner and developer in Central and Eastern Europe, has increased its stake in two development companies that own plots and development rights in Bucharest, Romania from 80% to 88% in non-cash transactions.
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PropertyEU Archive
Meinl Airport teams up with airport developer
Meinl Airport International has formed a strategic alliance with Airport Design and Management (AD-M) to boost their share in the air transportation sector.
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PropertyEU Archive
Bidding war for Berenice, Tecla office funds continues
The battle for control of the two Italian office funds Tecla and Berenice continues with Gamma RE, a joint venture between Pirelli RE and Morgan Stanley, obtaining an extension to its bid for Berenice. The offer will now run until 20 July, in line with the opposing offer from Zwinger, ...
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PropertyEU Archive
Metrovacesa set to launch break up plan
Spain's Metrovacesa is to take the first step this week towards the separation of the company into two units. The Spanish giant, which agreed last February on a plan to end a year-long battle between its two core shareholders, is to start the split-up process on Thursday, when the board ...
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PropertyEU Archive
Degi buys office development in France
Degi International has bought an office development in Saint Martin de Blagnac, near Toulouse, southern France, for EUR 38 mln. The complex is being acquired in a sale-and-lease-back transaction from Assystem, the future occupant. Delivery is planned for 2008, Degi said in a press release. The complex includes two buildings ...
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PropertyEU Archive
Capital continues to flood real estate sector, says DTZ
With $4 of capital chasing every $1 of investment product, a total of $2.4 tln is currently looking to be invested in real estate worldwide, according to the latest edition of DTZ's annual Money into Property research report.
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PropertyEU Archive
HVB offers new index certificate tracking FTSE EPRA/NAREIT Germany
Lender HypoVereinsbank (HVB) is offering access to the German real estate market with its open-ended index certificate tracking the FTSE EPRA/NAREIT Germany Net Total Return Index. The index is based on the performance of shares of the largest publicly-traded property firms in Germany. The new certificate will allow real estate ...
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PropertyEU Archive
Irish develolopers plan major mall
Irish property developers Sean Mulryan and Sean Dunne are planning to build a shopping mall in Greystones, Co Wicklow to rival the Liffey Valley Shopping Centre in west Dublin, one of the largest shopping centres in Ireland, according to the Sunday Business Post newspaper.
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PropertyEU Archive
German retailer plans massive property sell-off
KarstadtQuelle, Germany's largest department store group, has confirmed that up to 20 bidders have expressed an interest in the company's real estate. Company spokesman Joerg Howe said Rothschild & Sons and Goldman Sachs have been appointed to advise on the sale of KarstadtQuelle's stake in a real estate portfolio, consisting ...
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PropertyEU Archive
Cerberus may sell EUR 1 bn German real estate
US private equity group Cerberus is planning to sell off its residential portfolio in Germany, newspaper Financial Times Deutschland reported, citing a person familiar with the situation. The portfolio, bought for EUR 1 bn in 2005, revolves around some 20,000 flats formerly owned by trade unions. Cerberus, which would be ...
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PropertyEU Archive
Protego launches EUR 1.65 bn Nordic retail fund
Protego RE Investors has launched the Nordic Retail Fund after having raised EUR 517 mln of equity at first closing from sixteen institutional investors across Europe. Protego and retail asset manager EFM have also co-invested. The property fund manager said it commenced formal marketing of the fund in March 2007, ...
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PropertyEU Archive
Patrizia KAG unveils first of 10 new funds
Patrizia Immobilien Kapitalanlagegesellschaft (KAG), the capital investment unit established recently by German real estate company Patrizia Immobilien, on Tuesday played down concerns about the German residential market shortly after it announced its first residential fund - the first of 10 new funds it plans to establish in the next few ...
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PropertyEU Archive
WDP buys EUR 100m Belgian-Dutch portfolio
Warehouses De Pauw (WDP), the Belgian closed-ended logistics real-estate investment company, has agreed in principle to acquire a property portfolio from Belgian fruit and vegetable group Univeg.
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PropertyEU Archive
GE and Helios Phoenix in EUR 175m Romanian shed jv
GE Real Estate Central and Eastern Europe has entered Romania for the first time with the establishment of a joint venture with Helios Phoenix to undertake EUR 175 mln of distribution warehouse development throughout the country. The first project involves the development of seven class A logistics and distribution properties, ...
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PropertyEU Archive
Fonciere des Murs launches EUR 200m capital hike
Fonciere des Murs, a subsidiary of Fonciere des Regions group, announced on Tuesday that it is to carry out a capital increase of about EUR 200 mln through the free attribution of warrants to its shareholders. The proceeds will be used to fund acquisitions made in 2007 for a value ...
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PropertyEU Archive
CBRE: Europe sale-and-leaseback deals to reach EUR 30 bn
European commercial property sale-and-leaseback deals are set to reach an annual total volume of about EUR 30 bn ($40.4 bn) as firms seek to unlock the value of real estate on their balance sheets, John Wilson, a senior director at property adviser CB Richard Ellis, told the Reuters Real Estate ...
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PropertyEU Archive
Banimmo raises EUR 55m in IPO early closing
Belgian property redevelopment company Banimmo has raised its EUR 55 mln target, excluding the over-allotment option, in an early closing of its Initial Publuic Offering (IPO). The capital increase involves the issuance of 2.6 million new category A shares with tax-friendly VVPR strips, valued at EUR 21 per share. On ...
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PropertyEU Archive
NB Real Estate stays at helm of Axa's EUR 6 bn portfolio
Axa REIM has reappointed NB Real Estate (formerly Nelson Bakewell) to manage its property portfolio worth £4.2 bn (EUR 6.2 bn) in the UK. In a statement, Axa REIm said the portfolio consists of 2,400 tenants in properties with an annual rent roll in excess of EUR 297 mln. When ...
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PropertyEU Archive
DTZ set for £60m Donaldsons deal
DTZ will buy retail property consultant Donaldsons next week for £60m (EUR 90 mln), according to an article published on Tuesday in Property Week's website. The deal will allow DTZ to become one of the three largest real estate agencies in the UK. Donaldsons, whose main focus is on the ...
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PropertyEU Archive
German property adviser picks up partner in Israel
NAI Apollo, the German commercial property advisor, has expanded its global network of consultants of 350 independent offices with a new network partner, NAI Yair Levy Strategy, in Tel Aviv, Israel. The company is managed by Yair Levy. NAI Apollo noted that a total of $14.2 bn of direct foreign ...
