All Real Assets articles in Web Issue – Page 126
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PropertyEU Archive
Lewis Charles Romania debuts on AIM
Lewis Charles Romania Property Fund commenced trading on the Alternative Investment Market of the London Stock Exchange on Thursday after a placing of 20 million shares raised about £25 mln (EUR 37 mln).
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PropertyEU Archive
Gecimed to build hospital in Le Havre
Gecimed, the French healthcare real estate company, is to develop a 34,000 m[sup]2[/sup] hospital on a 8-hectare plot acquired from Generale de Sante in the western French port city of Le Havre. The new complex, with a capacity for 356 beds, is scheduled for delivery at the end of 2009. ...
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PropertyEU Archive
Kingfisher agrees EUR 108m property sale and leaseback
Kingfisher, the UK-based home improvement and DIY retail group, has agreed to sell its freehold property interest in B&Q's new 81,000 square metre (875,000 sq.ft) national distribution centre in Worksop, Nottinghamshire, to a private buyer for a total cash payment of £73 mln (EUR 108.2 mln).
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PropertyEU Archive
PBW Il buys Warsaw mall for EUR 140m
PBW II Real Estate Fund has acquired the 40,000 m[sup]2[/sup] Wola Park shopping mall in Warsaw from Canada's Ivanhoe Cambridge for more than EUR 140 mln. The property includes 3,250 m[sup]2[/sup] office space and 4,100 parking spaces. After Galeria Pestka Shopping Centre in Poznan (Poland) and Smichov Gate (Prague), Wola ...
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PropertyEU Archive
Akron buys ABC Tower in Cologne
Austrian real estate investment company Akron has acquired the ABC Tower at Cologne airport from an unnamed private investor for about EUR 70 mln, according to a press release. The deal marks Akron's biggest acquisition of an office building in Germany to date.
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PropertyEU Archive
LaSalle, Morley acquire Italian asset for Encore+ fund
All Investment management and UK-based pension fund Morley have acquired a logistics centre in Magenta near Milan. The deal marks the first acquisition of the Encore+ fund in Italy. The purchase price comes to approximately EUR 31.5 mln for the first building phase of the development.
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PropertyEU Archive
Quinlan Private acquires Atruim from Tishman Speyer
Irish investor Quinlan Private has acquired the 'Atrium' office building in Amsterdam from Tishman Speyer. Reliable sources claim the purchase price amounted to EUR 200 mln. The Atrium is located on the premier Central Business District of the Netherlands, called 'Zuidas', and has a floor surface of approximately 32,000 m². ...
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PropertyEU Archive
Nordic Land floated on AIM
Nordic Land Limited, a Jersey incorporated company established to invest principally in retail property in the Nordic Region, on Friday launched its ordinary shares on the AIM segment of the London Stock Exchange under ticker symbol NLD.
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PropertyEU Archive
DTZ invests in Boston-based FHO Partners
DTZ has acquired a preferred interest in FHO Partners, a privately-owned commercial real estate brokerage firm based in Boston, Massachusetts. The deal will enable DTZ to expand and strengthen its real estate advisory services in the US.
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PropertyEU Archive
King & Spalding represents Pramerica in shariah-compliant refinancing
King & Spalding, a leading international law firm, announced on Friday that it represented a Luxembourg based Shariah-compliant fund advised by Pramerica Real Estate Investors in connection with the EUR 75 mln acquisition and Shariah-compliant refinancing of a Luxembourg real estate portfolio.
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PropertyEU Archive
Degi enters Romania with EUR 111m buy
Germany's Deutsche Gesellschaft für Immobilienfonds (Degi) has become the first German property fund to enter the Romanian property market with the purchase of an office property portfolio in Bucharest, for a investment volume of EUR 111 mln. With a total area of 34,700 m[sup]2[/sup] changing hands, the transaction is the ...
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PropertyEU Archive
SPIE buys Matthew Hall for EUR 172m
London-based project management and services company Amec is selling its Building and Facilities Services (BFS) business to French multi-technical services provider SPIE for £ 117 mln (EUR 172 mln) in cash. The acquisition should complete by mid-September, once the process of informing and consulting with employees' representative bodies in France ...
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PropertyEU Archive
RREEF Pan-European Infrastructure fund raises EUR 2 bn
RREEF Infrastructure, part of Deutsche Bank's RREEF Alternative Investments, has announced the final close of its Pan-European Infrastructure Fund with total commitments in excess of EUR 2 bn. The Pan-European Infrastructure fund is a closed-end investment fund established to invest in the mature infrastructure sector of the major economies of ...
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PropertyEU Archive
JLL reports record European office take-up in 2007
Total office take-up in Europe in the first half of this year came to 6.7 million m2, according to Jones Lang LaSalle in its latest quarterly report.This is 9% higher than for the same period last year and is the highest figure on record. The firm's 'European Office Property Clock' ...
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PropertyEU Archive
Quinlan launches EUR 430m West European office fund
Private equity group Quinlan Private said it is launching a West European Office Fund (WEOF) which will comprise the Atrium office complex in Amsterdam and two other recently-acquired properties in Frankfurt and London. The company confirmed that it has acquired the Atrium office complex in Amsterdam for about EUR 200 ...
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PropertyEU Archive
Evans Randall buys 58 German retail properties
UK private equity investor Evans Randall has bought 58 retail properties in northern Germany for a sum close to EUR 175 mln. The initial yield on the assets is put at 7.3%. Tenants include supermarket chains Aldi, Lidl and Edeka.
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PropertyEU Archive
Catalyst buys Berlin shopping centre for EUR 70m
Investment and asset management group Catalyst Capital has acquired Der Clou shopping centre in Berlin for EUR 70 mln from German property group Commerz Grundbesitz for its WCC Europe Fund. Situated in the south-eastern Reinickendorf district near Berlin-Tegel airport, the property consists of a 20,200 m[sup]2[/sup] two-storey shopping centre and ...
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PropertyEU Archive
AAIM set to acquire German property for EUR 700m
Celebrity-backed Active Asset Investment Management (AAIM) has agreed to purchase a portfolio of German retail properties for EUR 700 mln, news agency Reuters reported, citing a source familiar with the process.
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PropertyEU Archive
Arab Investments spends another EUR 72m in Germany
UK-based Arab Investments has acquired the Lankwitzer Strasse Shopping and Service Centre in Berlin and the Fiat Headquarters building in Frankfurt for a total of over EUR 72 mln.
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PropertyEU Archive
ING RE acquires Stinsen mall in Stockholm
ING Real Estate has acquired the Stinsen shopping centre in Stockholm, Sweden, from CA Fastigheter, for approximately EUR 140 mln. The property will be added from October 2007 to the ING Real Estate Nordic Property Fund (ING NPF), a semi-open ended real estate fund with an uncapped target size. ING ...
