All Real Assets articles in Web Issue – Page 115
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PropertyEU Archive
Aaim signs EUR 590m leaseback deal with car dealer
Pendragon, the largest car dealership in the UK, has signed a £400 mln (EUR 590 mln) sale-and-leaseback agreement with property investor Aaim, the Sunday Times newspaper reported.
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PropertyEU Archive
Agility leases 18,000 m[sup]2[/sup] at Charles de Gaulle and Schiphol
AMB Property Corporation, a global developer of industrial real estate, has leased a number of facilities to logistics solutions provider Agility, including development projects near Charles de Gaulle Airport in Paris and Schiphol Airport in Amsterdam. AMB specialises in investing in logistics-related properties located near airports, seaports and ground transportation ...
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PropertyEU Archive
Invista launches EUR 1.5 bn fund
Invista Real Estate Investment Management has said it plans to launch a £1 bn (EUR 1.5 bn) fund to acquire properties from private investors who bought into an overheated commercial real estate market as it was reaching its peak. With prices predicted to slide, Invista hopes to capitalise on such ...
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PropertyEU Archive
Degi sees soft landing for German market in 2008
German property investment company Degi expects the real estate investment market in Germany to dip in 2008, ending the series of records witnessed since 2005. 'It won't be an abrupt decline, but a soft landing,' said Degi spokesman Marc Savani. He cited rising interest rates as one of the ...
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PropertyEU Archive
Tchenguiz close to EUR 7.4 bn deal with Mitchells and Butlers
Iranian billionaire property tycoon Robert Tchenguiz is reported to be close to signing a deal with Mitchells and Butlers (M&B), owners of the O'Neill's pub chain, that would involve them transferring most of their property assets into a 50/50 joint venture with his R20 investment vehicle valued at close to ...
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PropertyEU Archive
Austrian group targets CEE with 7 hotel projects
Vienna-based Falkensteiner Michaeler Tourism Group has embarked on 12 development projects with a total investment volume of more than EUR 350 mln as part of its ongoing expansion in its home markets and Central and Eastern Europe.
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PropertyEU Archive
ACMH acquires NREOF management contract
Fund management company Absolute Capital Management Holdings (ACMH) has acquired North Asset Management's interest in the management contract of the EUR 100 mln North Real Estate Opportunities Fund (NREOF). AIM-listed NREOF was established to cash in on the growth of disposable income in the Central and Eastern European region. Since ...
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PropertyEU Archive
Leonard De Vinci acquires offices in France
Groupe Leonard De Vinci has acquired a real estate portfolio from a private property fund for a total of about EUR 38 mln, including costs. The portfolio includes nine office buildings fully let to tenants including the French finance ministry for lease periods of three, six or nine years, French ...
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PropertyEU Archive
Aedes acquires mixed-use project in Serbia
Italian property company Aedes has continued its expansion in Southeast Europe through the acquisition of a mixed-use luxury development project in Belgrade, Serbia for an undisclosed amount.
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PropertyEU Archive
New deals for Echo Investment in Poland
Polish investor/developer Echo Investment has announced the sale of three commercial projects in Lodz and another in Kielce to pan-European investment group Catalyst Capital. The transaction, valued at close to EUR 66 mln, involves the Business Center, Entertainment Center and Orion office building in Lodz and the Swietokrzyski Arcade shopping ...
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PropertyEU Archive
Sotogrande sells real estate to Irish investors
Sotogrande, a Spanish real estate subsidiary of NH Hoteles, has completed its largest sale with the disposal of 35 commercial units at its Ribera del Marlin development, for EUR 37 mln. The properties, located in Spain's Andalusia region, have been sold to a consortium of Irish investors headed by Gavin ...
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PropertyEU Archive
Macquarie picks up five Polish malls
Shopping centre group Simon Ivanhoe has sold part of its Polish real estate portfolio to Australia's Macquarie CountryWide Trust for a total of EUR 232 mln. Property advisor Cushman & Wakefield, which acted for the vendor, said the final agreement was signed on 3 July for the sale of five ...
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PropertyEU Archive
St Modwen's profits surge
St Modwen Properties, a leading regeneration specialist in the UK, has posted a 48% increase in first-half pre-tax profits to £65 mln (EUR 96 mln). Earnings per share were up 60% at 42.8 pence and net assets per share increased by 12% to 361 pence since 30 November 2006.
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PropertyEU Archive
Dusseldorf real estate deals rise by 150% in H1 2007
Transaction levels in the Dusseldorf real estate market reached a new record of EUR 908 mln during the first half of 2007, from EUR 367 mln a year earlier. This figure represents a 147% increase year-on-year, a new research report issued by property consulting company Colliers Trombello Kolbel shows.
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PropertyEU Archive
CA Immo aquires Viennese portfolio worth EUR 141m
Austrian commercial real estate investor CA Immo has acquired a portfolio of 16 properties and seven apartment ownership shares in Vienna with an effective area of around 60,000 m[sup]2[/sup]. About 15,000 m[sup]2[/sup] of this has been completed, with the remainder under construction or at the project planning stage. The company ...
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PropertyEU Archive
Bouygues sells its future head office for EUR 155m
France's Bouygues Immobilier has sold two office developments in the new Seine Ouest business district in Issy-les-Moulineaux on the outskirts of Paris to property investment company SCI Naropa Properties, a wholly-owned subsidiary of Spain's Naropa Properties group. The transaction price comes to EUR 155 mln. The development includes Bouygues Immobilier's ...
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PropertyEU Archive
Inrev recruits 250th member in EUR 400bn non-listed industry
Membership of the European Association for Investors in Non-listed Real Estate Vehicles (Inrev) has reached 250 just four years after the organisation was founded.
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PropertyEU Archive
PSP Swiss Property sells 3rd party unit to Bilfinger Berger
Swiss office and commercial real estate investor PSP Swiss Property has sold the property management unit it has handled for third parties to German construction and services company Bilfinger Berger. Neither PSP nor Bilfinger Berger would reveal the value of the transaction, but the business is to be operated under ...
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PropertyEU Archive
Hammerson buys into French retail parks for EUR 50m
Hammerson has agreed to acquire two retail park developments in France, representing a total investment of about EUR 50 mln. The company said it has exchanged contracts to acquire the freehold of a proposed development, St Omer Retail Park, for EUR 30 mln. The project will be developed by the ...
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PropertyEU Archive
Immoeast set to launch EUR 6 bn investment programme
Immoeast, one of the largest listed property companies in Austria, is launching a new investment programme with a volume of EUR 6 bn for the year 2007-2008. 'We'll maintain our pace of growth and even increase it a little,' ceo Karl Petrikovics said. After completing the EUR 5 bn investment ...
