All Real Assets articles in Web Issue – Page 1142
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PropertyEU Archive
ING Bank provides €33.5m refinancing for Warsaw property
ING Bank Slaski, part of ING Bank, has provided a €33.5 mln loan to refinance a Warsaw property owned by German closed-end fund IFP Erste.
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PropertyEU Archive
Skanska sells Budapest office project for €36m
Swedish construction and property giant Skanska has divested the Green House office project in Budapest, Hungary, for €36 mln.
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PropertyEU Archive
Blackstone bags City office tower for €404m
US private equity group Blackstone has agreed to purchase an office tower near the Bank of England in the City of London financial district from Brookfield Property Partners for £320 mln (€404 mln).
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PropertyEU Archive
Hispania spends €42m on Madrid portfolio
Recently launched Spanish REIT Hispania Real Socimi has acquired a portfolio of four office buildings and two hotels in Madrid from IDL Group for a total of €42 mln.
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PropertyEU Archive
AXA Real Estate buys in Berlin for €50m
AXA Real Estate’s German unit has acquired a mixed-use building in Berlin for €50 mln on behalf of a newly created joint venture between two institutional clients.
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PropertyEU Archive
Pramerica JV offloads Berlin resi assets for €79m
Pramerica Real Estate Investors and its German joint venture partner Kauri CAB Management have sold a portfolio of 25 residential buildings in Berlin for €78.6 mln.
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PropertyEU Archive
Cerberus buys €790m of distressed UK loans
In a further sweep of the distressed loan market in Europe, US private equity firm Cerberus Global Investors has acquired £625 mln (€790 mln) of mainly non-performing UK property loans from National Australia Bank.
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PropertyEU Archive
TIAA Henderson buys Glasgow retail unit
TIAA Henderson Real Estate has acquired a retail block in Glasgow, UK, in a £21.5 mln (€27 mln) deal with vendor Orchard Street Investment Management.
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PropertyEU Archive
Segro buys UK logistics assets at 6.3% yield
UK REIT Segro has acquired a portfolio of four UK logistics properties from Harbert European Real Estate Fund III, a fund advised by Harbert Management Corporation, for £49.5 mln (€62 mln).
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PropertyEU Archive
Pricoa provides €36m financing for Hines German deal
US lender Pricoa Mortgage Capital has provided a €36 mln loan to finance Hines Global REIT’s acquisition of a logistics property in Bavaria, Germany.
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PropertyEU Archive
Spain's Colonial launches €650m bid for peer Realia
Spanish listed property firm Colonial confirmed this week that it has mounted a €650 mln bid for peer company Realia.
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PropertyEU Archive
London's Gherkin put up for sale at €820m
Savills and Deloitte Real Estate have been jointly instructed to sell the iconic Gherkin office tower at 30 St Mary Axe in the City of London following the appointment of Deloitte as receivers.
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PropertyEU Archive
Credit Agricole, DB launch €950m Westfield Stratford CMBS
Credit Agricole CIB and Deutsche Bank are believed to be marketing a single-tranche securitisation of a £750 mln (€950 mln) senior loan backed by the £2 bn Westfield Stratford City shopping centre in London.
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PropertyEU Archive
La Française forms debt JV with Acofi
Fresh from setting up a value-add platform in France, asset manager La Française has announced it is forming a joint venture with privately-held group Acofi to focus on the management of debt funds.
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PropertyEU Archive
Chartered Land appoints new CEO
Irish property developer and investor Chartered Land has appointed Andre Gunne as its new CEO.
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PropertyEU Archive
Klépierre and Corio merge to create retail property giant
French REIT Klépierre and listed Dutch retail specialist Corio have agreed to merge their operations in a move which will create the second-largest listed retail company in Europe with gross assets of over €21 bn.
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PropertyEU Archive
IM Properties buys UK business park for €25m
Property investor IM Properties has acquired the Fore Business Park near Solihull in the UK’s West Midlands from developer BAM Properties for around €25 mln.
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PropertyEU Archive
Allianz Europe boss moves to DeAWM
Deutsche Asset & Wealth Management (DeAWM) has appointed James Dilworth, formerly CEO for Europe at Allianz Global Investors, as head of active asset management.
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PropertyEU Archive
Analysts upbeat on Klépierre-Corio tie-up
The proposed takeover by French mall operator Klépierre of Dutch peer Corio has met with generally positive comment from analysts.
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PropertyEU Archive
BBVA wins auction to buy Catalunya Banc
Banco Bilbao Vizcaya Argentaria (BBVA) has won an auction to buy nationalised Spanish lender Catalunya Banc in a further clean-up of the country’s beleaguered banking sector.
