All Real Assets articles in Web Issue – Page 1281
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PropertyEU Archive
German resi market books record €17b sales in H1 2015
Germany’s residential market posted record half-yearly figures of €17.2 bn in the first six months of 2015, more than double the volume for the same period in 2014, according to research by NAI apollo.
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PropertyEU Archive
Italy's Beni Stabili sells Milan hotel for €101m
Italian REIT Beni Stabili has finalised the sale of the Boscolo hotel in Milan's Corso Matteotti 4 to an unnamed buyer for a price of €101.5 mln.
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PropertyEU Archive
ING arranges €109m loan finance for TH Real Estate JV
ING has agreed to underwrite two loans totalling €109 mln to finance the acquisition of two Polish retail assets by a joint venture of TH Real Estate and Neinver.
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PropertyEU Archive
DREF buys student residence in Kiel for €20 mln
Deutsche Real Estate Funds (DREF) has acquired a student residence in the northern German university city of Kiel with a market value of €20 mln.
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PropertyEU Archive
Warburg-HIH buys Berlin office project for €50m
Warburg-HIH Invest Real Estate has signed the acquisition of the first phase of the Palais Behrens project in Berlin from a joint venture of Frankonia Eurobau, and life insurers Provinzial NordWest, Westfälische Provinzial Versicherung and SV Sparkassen Versicherung.
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PropertyEU Archive
Vacancy rates in Moscow shopping centres at 7% and rising
Vacancy rates in Moscow shopping centres have risen to 7% as the turbulence in the Russian economy begins to filter through to consumer spending, according to Colliers International.
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PropertyEU Archive
Citycon offloads Finnish grocery stores for €76m
Nordic shopping centre specialist Citycon has disposed of a portfolio of 13 grocery stores in Finland for around €76 mln.
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PropertyEU Archive
Union Investment to bankroll prime Dublin office development
Union Investment is to forward fund the development of Burlington House, Dublin’s largest new speculative office building.
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PropertyEU Archive
COMMENT: Somewhere between a rock and a hard place
There is no getting away from the fact that increased competition, and substantially higher costs, will have an important bearing on the competitive landscape for real estate lending in Europe going forward, writes Joe Valente, European head of research for real estate at JP Morgan Asset Management in a commentary.
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PropertyEU Archive
IVG IF inks first club deal in UK with London office buyer
Germany's IVG Institutional Funds (IVG IF) has acquired an office property at 11 Baker Street in London from AUB (Baker street) Development Ltd, a subsidiary of Bahraini bank Ahli United.
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PropertyEU Archive
AFI Europe buys Brasov site for new 56,000m2 mixed-use project
CEE developer AFI Europe has agreed to purchase a 40,000 m2 plot in the city center of the Romanian city of Brasov with the aim of developing a shopping centre with adjacent office scheme on the site.
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PropertyEU Archive
Spain's Merlin announces new €1.03b capital hike
Spanish REIT Merlin Properties has unveiled plans to launch a €1.03 bn capital raise just a few weeks after agreeing the €1.8 bn acquisition of Testa, the €3 bn property arm of Spanish construction giant Sacyr.
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PropertyEU Archive
Tristan raises €1.5b for value-add fund in fastest ever capital raise
Tristan Capital Partners has achieved the fastest capital raising in the firm’s history with equity commitments for its Episo 4 value-add/opportunistic fund hitting the fund’s hard cap limit of €1.5 bn at final closing, after just four months of marketing.
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PropertyEU Archive
Helaba provides €120m loan for Tivoli office scheme in Paris
German bank Helaba is providing a €120 mln loan to an unnamed French institutional investor believed to be Crédit Agricole Prédica for the refinancing of the prominent Tivoli office property in Paris.
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PropertyEU Archive
Singapore firm buys 20% stake in major London resi developer
Singaporean listed property developer Oxley Holdings is acquiring a 20% stake in the enlarged share capital of Galliard Group, a UK residential developer, for £50 mln (€72 mln).
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PropertyEU Archive
Schroder fund buys Madrid cinema for €25m
Schroder Real Estate has completed a €25 mln acquisition in Madrid, Spain on behalf of Immobilien Europa Direkt, an investment unit of Zurich Investment Foundation.
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PropertyEU Archive
Foncière Euris, Rallye confirm sale of €300m Polish mall
A consortium led by French listed firm Foncière Euris has confirmed the sale of the Riviera mall in the Polish city of Gdynia, as tipped by PropertyEU in March.
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PropertyEU Archive
US REIT NorthStar closes €540m Frankfurt Trianon tower deal
US REIT NorthStar Realty Finance has finalised the acquisition of the iconic Trianon office tower in Frankfurt for €540 mln, reflecting a yield of 8%.
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PropertyEU Archive
DTZ adds to valuation team in Hungary
International real estate advisor DTZ has hired Gáspár Kubinyi as senior surveyor in its valuation department in Hungary.
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PropertyEU Archive
Pbb debuts on stock exchange, IPO priced at bottom of range
German lender Deutsche Pfandbriefbank (PBB) made its debut on the Frankfurt stock exchange on Thursday with a price of €11.45 a share, up 6.5% on the issue price.
