All Real Assets articles in Web Issue – Page 118
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PropertyEU Archive
Lathe Investments to list Nordic land company on AIM
British property fund manager Lathe Investment has said it will list a Nordic land company on the AIM market of the London Stock Exchange later this year. The launch is being conducted in tandem with broker SP Angel and Matrix.
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PropertyEU Archive
Magnat consortium wins bid for Turkish portfolio
German real estate developer Magnat, Austrian property company Immoeast and Israel's Adama Holding Public have jointly acquired an EUR 136 mln portfolio in Turkey from Turkish bank YKB. Each of the three partners holds an equal stake in the consortium, which was awarded the portfolio at the conclusion of a ...
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PropertyEU Archive
Cordea Savills buys office, Dutch distribution centre
Cordea Savills has acquired an office building in the southern Dutch town of Capelle aan den Ijssel on behalf of an Italian investor. Cordea Savills bought the 7,000 m[sup]2[/sup] office together with 175 parking spaces from Interesting Vastgoed for EUR 14 mln. The building is leased for ten years to ...
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PropertyEU Archive
CA Immo invests in Hamburg logistics centre
Vienna-based property group CA Immo has agreed to buy an ultra-modern 115,000 m[sup]2[/sup] logistics centre development project in Hamburg from the US private equity Carlyle Group. The centre will be leased entirely to the Swedish clothing retailer Hennes & Mauritz (H&M), which has agreed to let the space for at ...
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PropertyEU Archive
GPT completes Halverton takeover
Australian investment trust GPT Group has completed the acquisition of Halverton Real Estate Investment Management, a pan-European investment and asset management firm with assets under management of over $2.2 bn (EUR 1.3 bn). GPT agreed to pay A$94 mln (EUR 70 mln) for the 50% it did not own in ...
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PropertyEU Archive
JLL: European hotel sector to slow down
The European hotel market will see a significant slowdown in the second half of 2007 compared with the first six months, according to Mark Wynne-Smith, ceo of Europe at Jones Lang LaSalle Hotels. 'This will guarantee that 2007 will not outstrip the record investment volume registered in Europe last year, ...
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PropertyEU Archive
Immoeast buys EUR 101m Bucharest office development
Austrian listed real estate company Immoeast has acquired yet another major property in Bucharest - the new S-Park office development - for EUR 101.5 mln. The 45,000 m[sup]2[/sup] development is located in the booming northern section of the Romanian capital. In addition to the office space, it includes 2,500 m[sup]2[/sup] ...
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PropertyEU Archive
Atrium, CBRE launch EUR 250m property fund
Lisbon-based Atrium Investimentos, an independent asset manager specialising in alternative investments, has teamed up with CBRE Investors to launch 'GREFF' (Global Real Estate Fund of Funds). GREFF is primarily aimed at offering institutional investors exposure to a portfolio of 10-20 selected property funds with a main focus on European and ...
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PropertyEU Archive
Derwent London sellls three properties for EUR 258m
Derwent London is selling three non-core assets which were acquired through the merger with London Merchant Securities last February. The transaction price comes to £175 mln (EUR 258 mln), before disposal costs. Derwent said 'the deal achieved £91.8 mln above the properties' book value of £83.2 mln.'
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PropertyEU Archive
Realia sells two Madrid assets for EUR 43m
Realia, the Spanish real estate company that raised EUR 783 mln in an IPO last June, has sold the Cine Proyecciones and the Amper non-core buildings in Madrid for EUR 42.5 mln, the company said in a statement to the Spanish securities watchdog CNMV. The gains from the disposal amount ...
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PropertyEU Archive
CBRE Investors raises EUR 542m for pan-European fund
CBRE Investors Global Multi Manager (GMM) has raised EUR 542 mln of equity from 22 UK pension funds for its continental European Alpha Fund. GMM is a division of CBRE Investors that invests in unlisted funds worldwide and has mandates totalling $3.5 bn (over EUR 2.5 bn). GMM hopes that ...
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PropertyEU Archive
Dublin's EUR 750m revamp gets green light
International architectural firm HKR Architects (HKR) said on Monday that its design for the regeneration of Dublin's Northern Quarter has received planning permission from Dublin city county council. The Northern Quarter development represents a EUR 750 mln investment and will see Dublin's north inner city become a prime retail location.
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PropertyEU Archive
WDP acquires Univeg, targets new investments in Romania
Belgian logistics property investor Warehouses De Pauw (WDP) has announced that it has completed the acquisition of the Univeg real estate portfolio, rounding off the second phase of its strategic growth plan. In the third phase of the plan, WDP has added Romania as a key region for investment.
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PropertyEU Archive
Catalyst buys portfolio, opens new office in Poland
Catalyst Capital has acquired a mixed-use portfolio in Poland on behalf of its WCC Europe Fund from Echo Investments for a total of EUR 69 mln. The portfolio, covering some 37,900 m[sup]2[/sup] of space, comprises two shopping centres and two office properties in the cities of Kielce and Lodz. The ...
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PropertyEU Archive
IPD plans new pan-European real estate index
Property market index maker Investment Property Databank (IPD) wants to establish a pan-European index standard to improve the quality of property valuations. At a seminar hosted by Reuters on Friday, IPD's managing director in Germany, Matthias Thomas, said the move was designed to define best practice within European property valuations.
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PropertyEU Archive
Hansteen shops in The Netherlands and Germany
Hansteen has acquired four properties in The Netherlands for EUR 13.5 mln and two portfolios in Germany comprising 12 properties for EUR 23 mln . It has also bought an office building in Germany for EUR 10 mln. In total, the acquisitions represent a value of EUR 47 mln. ...
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PropertyEU Archive
Kingfisher seeks stronger presence in Russia
UK-based Kingfisher plans to open 50 stores in Russia over the next few years in a move aimed at boosting its position in the country, where a construction boom is fuelling demand for DIY goods. The British DIY group, which already opened four stores in Russia in 2006 under the ...
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PropertyEU Archive
Pirelli RE, RREEF buy Baubecon portfolio for EUR 1.7 bn
Pirelli RE and Deutsche Bank's property unit RREEF have agreed to acquire Baubecon’s residential portfolio in Germany for about EUR 1.7 bn. The property portfolio is being sold by US private equity group Cerberus, which bought it for EUR 1 bn in 2005. RREEF is acquiring a 60% stake while ...
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PropertyEU Archive
Halverton, CBRE unveil EUR 200m industrial property fund
Halverton Real Estate Investment Management and CBRE Investors have launched an investment fund called the 'Benelux Industrial Partnership'. Halverton, acquired last month by the Australian GPT Group, will lead and manage the fund's acquisition programme. All its equity has so far been provided by clients of CBRE Investors, the property ...
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PropertyEU Archive
Aisa invests EUR 40m in mixed-use project
Spanish property company Aisa said it is investing some EUR 40 mln in a mixed-used office and retail project located in Granollers, near Barcelona. The Granollers Ronda Sud development will cover some 15,000 m[sup]2[/sup] of commercial space over three storeys and include 450 parking spaces. About 9,000 m[sup]2[/sup] of the ...
