All Real Assets articles in Web Issue – Page 13
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PropertyEU Archive
LaSalle Investment Management in £94 million Edinburgh sale
LaSalle Investment Management, acting on behalf of BAE Systems Pension Funds Trustees, has sold two office buildings at Crewe Toll in the north of Edinburgh to a syndicate of private investors for £94 mln (EUR 139 mln). La Salle Investment Management said the transaction reflected a yield of 5.04%.
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PropertyEU Archive
Babcock & Brown to IPO Euro retail fund
Australian investment bank Babcock & Brown has confirmed it and the GPT Group plan to raise EUR 400 mln from an initial public offering of shares in Guernsey-based Babcock & Brown GPT European Retail Fund on Euronext Amsterdam stock exchange.
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PropertyEU Archive
Bouwfonds launches US Residential Fund
Bouwfonds Asset Management has launched Bouwfonds US Residential Fund for international institutional investors in partnership with Fairfield Residential, one of the largest players in the US residential property market.
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PropertyEU Archive
British Land dividend to double for REIT conversion
British Land will almost double its full-year dividend when it converts to a real estate investment trust (REIT) in 2007, the company announced Tuesday as it published its results for the six months ending 30 September 2006.
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PropertyEU Archive
Salera shopping centre opens fully let
Salera shopping centre, developed by ING Real Estate Development, has opened for business - fully let. The shopping centre is located in Castellón, northern Valencia. The first phase opened its doors in May 2005, with the inauguration of an Alcampo hypermarket and 23 other retail units.
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PropertyEU Archive
French SIICs shine, Danes disappoint
Societe de La Tour Eiffel beat all other European property companies in the third quarter of 2006, according to LaSalle Investment Management's quarterly review and outlook report on European Real Estate Securities.
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PropertyEU Archive
Economic growth pushing office demand - Savills
Strengthening economic activity has translated into improved demand in European office markets and a higher take-up level over the first half of 2006. Incentives are becoming less generous and real positive rental growth is recorded in most markets, according to a survey of the European office markets by Savills' ...
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PropertyEU Archive
Spain's Metrovacesa eyes French expansion
Metrovacesa, the Spanish commercial real estate giant, has indicated it is keen to acquire another French peer, according to media reports. The French market is very interesting and 'offers several good opportunities with respect to price compared with the Spanish market', Juan Carlos Calvo, head of Metrovacesa's French subsidiary Gecina, ...
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PropertyEU Archive
Sogeprom takes majority stake in Pragma
Sogeprom, the France-based real estate company, is taking a majority stake in Pragma, a leading player in the real estate market for the Languedoc-Roussillon region. Sogeprom, a 35% Pragma shareholder since 2004, now controls 86% of the company, the Business Immo website has reported. Michel Troncin, co-founder of Pragma, is ...
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PropertyEU Archive
APN buys Bucharest mall for EUR 104 mln
APN Property Group, an Australian manager of property funds, bought Bucharest's City Mall for EUR 104 mln, Daily Ziarul Financiar reported. The price paid for the city's third-largest mall is the highest ever for a single property in the Romanian capital, the newspaper said, citing an APN report. APN's purchase ...
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PropertyEU Archive
Invista Europe to raise £166.2 mln in IPO
Invista European Real Estate Trust has announced it will raise about £166.2 mln (EUR 240.3 mln) by a public offering of 83.1 million shares at £2 each. The company said it will receive £126 mln and shareholders will get the remaining £40.2 mln.
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PropertyEU Archive
Keops sells 68 properties for almost EUR 314 mln
Keops, a Danish property developer and investor, has entered into a conditional agreement with Essex Invest Sverige for the sale of 68 Swedish residential properties for SEK 2.85 bn (EUR 313.85 mln). The agreement relates to
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PropertyEU Archive
DIC Asset invests EUR 37 mln in retail parks
Frankfurt-based real estate company DIC Asset has reached agreement with Rheinische Grundbesitz & Beteiligungs on the takeover of five retail parks under construction in the Rhine-Neckar region of Germany. DIC Asset said more acquisitions are planned.
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PropertyEU Archive
CA Immo buys Hesse's Leo II portfolio for EUR 770 mln
Austrian real estate company CA Immo has announced the acquisition of the Leo II portfolio in the German state of Hesse for about EUR 770 mln. The portfolio consists of 36 state-owned properties and 170 homes that have been sold in a sale-and-lease-back agreement.
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PropertyEU Archive
ING RE acquires Warsaw shopping centre
ING Real Estate Investment Management has acquired the 6,500 m[sup]2[/sup] shopping gallery in the established King Cross Shopping Centre Praga in Warsaw, Poland, for nearly EUR 40 million. The property was acquired from the centre's developer and manager, King Cross Group from Italy.
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PropertyEU Archive
Alta Fides plans IPO
Alta Fides is planning an initial public offering (IPO) on the Frankfurt stock exchange before the end of this year, the Stuttgart-based real estate company has announced. Alta Fides' main business activities are project development and trading in real estate, and it's subsidiary Profecto focuses on utilising non-performing loans.
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PropertyEU Archive
Berlin rules out housing sell-off to ease debts
Berlin's re-elected coalition of Social Democrats (SPD) and the Left Party-PDS have decided against selling any of the city's stock of 270,000 homes to ease its massive debts. Berlin has the highest per capita debt of any German state.
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PropertyEU Archive
Bouygues Immobilier sets up low-cost house building unit
Bouygues Immobilier, the property division of France's Bouygues, has set up a new subsidiary, Maisons Elika, to build private homes targeted at households with a net monthly income of less than EUR 2,500. Maisons Elika has already started five projects and aims to build 1,000 houses a year by ...
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PropertyEU Archive
Cordares ponder pooling real estate and pension funds
Cordares, the Amsterdam-based pensions provider, has said it is considering setting up direct real estate pooled funds with pension funds to initially target the Danish, German and Belgian markets, the website of Investment and Pensions Europe (IPE) reported. Cordares real estate director Geert de Nekker told IPE the move would ...
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PropertyEU Archive
TK Development sells retail park in Czech Republic
Euro Mall Holding, a subsidiary of TK Development, has entered into an agreement for the sale of a 10,600 m[sup]2[/sup] retail park in Ostrava, the Czech Republic, to GE Real Estate Central Europe. The selling price is expected to amount to about DKK 120 mln (EUR 16 mln) and construction ...
