All Real Assets articles in Web Issue – Page 123
-
PropertyEU Archive
Casino property unit Mercialys H1 operating income up 26.5% on strong sales growth
Mercialys, the property unit of French food retailer Groupe Casino, said first-half operating income rose 26.5% from the year-earlier period to EUR 35.1 mln, driven by strong sales growth, as rental revenues increased 22.2% to EUR 48.4 mln. The company said the value of its portfolio had risen 20% ...
-
PropertyEU Archive
Italy adds 198 barracks worth EUR1.1b to disposable property portfolio
The Agenzia del Demanio, Italy’s public property agency, and the country’s Defence Ministry have signed a decree authorising the transfer of 198 former barracks to the state’s disposable real estate portfolio. The properties have been valued at EUR 1.1 bn.
-
PropertyEU Archive
Deka buys Polish shopping centre for EUR 128m
German property investor Deka Immobilien said it had acquired the Forum Shopping Centre in Gliwice, Poland, for around EUR 128 mln. Deka said it bought the property from the Irish property group Quinlan Private and Norwegian conglomerate Borgestad Group. Deka said the Forum shopping centre is its sixth investment ...
-
PropertyEU Archive
JLL reports record Q2 net profit of US$77.9m
Property consultancy Jones Lang LaSalle reported record second-quarter net profit of US$ 77.9 mln (EUR 56.8 mln), or diluted earnings per share of US$2.32, compared with net profit of $65.7 mln, or $1.94 per share, in the year-earlier period. Second-quarter revenues came in at $676 mln, up 33% ...
-
PropertyEU Archive
Land Securities in top-20 sustainable business list
UK property REIT Land Securities is the only British company to be named in the 2007 Sustainable Business List drawn up by SustainableBusiness.com. Now in its sixth year, the global list consists of 20 public companies that are having a substantial impact on the creation of an environmentally sustainable society.
-
PropertyEU Archive
IVG in Paris deals worth EUR 323m
IVG Immobilien has sold one property and acquired two others in Paris in transactions worth a total EUR 323 mln, the German property company said on Thursday. The property that was sold is located in the Rive Gauche district of the French capital and fetched a price of EUR 165 ...
-
PropertyEU Archive
Henderson, Canada Pension Plan buy Whitefriars shopping centre for EUR377m
Asset management firm Henderson Global Investors and investment manager Canada Pension Plan Investment Board (CPP), have agreed to acquire the Whitefriars Quarter shopping centre in Canterbury, Kent, from UK investment trust Land Securities for £ 253 mln (EUR 377 mln).
-
PropertyEU Archive
Numisma buys German retal assets for EUR 450m
Numisma, a joint venture between the Guernsey based Pervaiz Naviede Family Trust (PNFT) and the Stenham Group, has taken over the entire retail assets of Germany's Distributa group for a sum of over EUR 450 mln. Numisma was advised by its asset manager McCafferty Asset Management.
-
PropertyEU Archive
Astroc confirms Agrupacio ‘merger’ talks
Spanish property firm Astroc Mediterraneo confirmed it is in talks with rival Agrupacion Activdades y Inversiones Inmobiliares (AISA). Astroc said it was in talks with Aisa over a possible ‘corporate move’, partly confirming earlier reports in Spanish newspaper El Pais and news agency Reuters that the two companies were in ...
-
PropertyEU Archive
Colonia Real Estate buys back shares
Listed German investment company Colonia Real Estate announced last week it is to buy back up to 1,099,280 shares by the end of November, equivalent to 5% of its share capital. The shares will be used to finance future property acquisitions, the company said.
-
PropertyEU Archive
Commerz Grundbesitz buys Japanese shopping mall
German property group Commerz Grundbesitz said it has acquired a fully-let shopping centre in Fukuoka, Japan, for its hausInvest global fund from Credit Suisse Asset Management for around EUR 55 mln. The Hakata shopping centre has a gross lettable area of about 9,700 m[sup]2[/sup]. The city of Fukuoka has ...
-
PropertyEU Archive
Norwegian Property forecasts record Q2 pre-tax net
Norwegian Property said it expects to report pre-tax profit for the second quarter of NOK 1.142 bn (EUR 142.2 mln), compared with NOK 345 mln in the in the first quarter. The company said the lift in profit was due to a positive result from operations, strong rental growth ...
-
PropertyEU Archive
Host Hotels European joint venture buys 3 Brussels properties
US company Host Hotels & Resorts said its European joint venture with Dutch civil service pension fund ABP and an affiliate of the government of Singapore’s real estate investment company GIC Real Estate have purchased three properties in Brussels.
-
PropertyEU Archive
Commercial Estates get go-ahead for 300m Leeds village
UK property developer Commercial Estates Group (CEG) has been given the go-ahead for the development of a £ 300 mln (EUR 447 mln) village on a brown field site on the outskirts of Leeds. Outline planning permission was given on Thursday for the redevelopment of the 56-acre (227,000 m2) site, ...
-
PropertyEU Archive
ProLogis to launch $5bn European private equity fund
Industrial property developer ProLogis said it plans to launch a $5bn (EUR 3.7 bn) European private equity fund. The fund, which will be launched before the end of the year, will seek to raise equity against a $5 bn portfolio of properties owned or under development by ProLogis’s European arm, ...
-
PropertyEU Archive
Ablon finalises EUR 50m Hungarian Post deal
Hungarian property firm Ablon Group said Hungarian Post on Thursday signed a 10-year lease contract with its unit Global Immo for around 24,000 m[sup]2[/sup] of office space with a total gross rental income of around EUR 5 mln a year. Ablon announced on June 16 that it had won ...
-
PropertyEU Archive
Morgan Stanley buys Hamburg portfolio for EUR 750m
US investment bank Morgan Stanley has acquired a portfolio of assets in the northern German city of Hamburg from developer Quantum, according to a report in Immobilien Zeitung. The portfolio comprises 11 objects including new developments with a total surface area of 215,000 m[sup]2[/sup].
-
PropertyEU Archive
Rodamco Europe EGM appoints board members
Dutch property firm Rodamco Europe said its EGM on Thursday approved the appointment of new executive and non-executive board members, following the successful completion of the Unibail’s public offer for Rodamco shares. Unibail-Rodamco announced on 11 July it had acquired 95.74% of Rodamco Europe’s shares.
-
PropertyEU Archive
Gecina buys logistics and industrial assets near Paris
French property company Gecina said it is acquiring three logistics and industrial assets in the Paris region with a combined surface area of 20,814 m[sup]2[/sup]. The acquisition price was not disclosed. Gecina said the portfolio is fully leased to leading companies under long-term contracts and all assets are within ...
-
PropertyEU Archive
Goldman outbids Merrill Lynch for Italian fund Berenice
US investment bank Goldman Sachs has outbid rival Merrill Lynch in the latest twist in a bidding war for Italian real estate fund Berenice. Through its Zwinger fund vehicle, Goldman said in a filing with the Italian stock exchange Thursday it has offered EUR 913 for each unit of ...
