All Real Assets articles in Web Issue – Page 133
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PropertyEU Archive
Segro buys EUR 42m logistics portfolio in Lyon
UK REIT Segro, formerly Slough Estates, is continuing its expansion in Continental Europe with the acquisition of a 50,000 m[sup]2[/sup] portfolio of eight warehousing and light industrial buildings close to Lyon's airport. It has agreed to pay EUR 42.5 mln at an initial yield of 6.7%, rising to 7.5% when ...
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PropertyEU Archive
FDL spends EUR 90m on German residential
Fonciere Developpement Logements (FDL) has strengthened its presence in Germany with the purchase of a residential portfolio in the north of the country. FDL reached agreement with RAG to buy a 73% stake in Societe Gewo, owner of the portfolio of about 2,270 residential units across the Ruhr region. The ...
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PropertyEU Archive
Prologis to invest EUR 900m in new fund
Prologis European Properties (PEPR) has announced it is to invest EUR 900 mln over the next three years in a new private equity vehicle. ProLogis European Properties Fund II will acquire assets from Prologis' EUR 3 bn development pipeline in Europe. A further 2,500 hectares of land is owned by ...
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PropertyEU Archive
Pik hints at new acquisitions
Russian real estate developer Pik Group is planning to spend the proceeds raised through its share listing last June on acquiring new projects and repaying some of its debt, the firm's president said on Monday in an interview with business newspaper Vedomosti. Kirill Pisarev added that the company had already ...
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PropertyEU Archive
C&W buys out its residential and hotel arms
Cushman & Wakefield is buying out RH International's 50% stake in the joint venture companies they formed together in January 2006. Cushman & Wakefield is acquiring C&W Residential and C&W Hotels for an undisclosed amount. 'This acquisition is aligned with C&W's aim to build a dominant presence in these sectors ...
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PropertyEU Archive
EPI sells mixed-use Berlin property
Curzon Global Partners /AEW Europe has announced that EPI Orange Holdings has sold 14,000 m[sup]2[/sup] of mixed-used property in Berlin to private clients of London-based Strategic Real Estate Advisors (StratREAL). EPI Orange Holdings is an investment company of European Property Investors, a pan-European value-added fund. Curzon Global Partners CEO Ric ...
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PropertyEU Archive
Immofinanz ups its stake in Immoeast subsidiary
Immofinanz has taken advantage of the recent sharp fall in share prices and purchased shares in its subsidiary Immoeast on the stock exchange. The Austrian property group says that its stake in Immoeast, which it founded as a subsidiary in 1999 to manage its activities in Central Europe, is set ...
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PropertyEU Archive
Tremon to reconsider listing
Spanish real estate company Tremon is considering reviving its plan to seek a listing on Madrid's stock exchange, Spanish newspaper Cinco Dias reported. The company's board is set to meet next week in Madrid to discuss the possible listing, which was originally signalled before the summer. Tremon planned to launch ...
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PropertyEU Archive
Aberdeen buys Swedish Match HQ for EUR 108 m
Aberdeen's Pan-Nordic Fund has acquired the headquarters of Swedish Match in central Stockholm for EUR 108 mln. The Swedish manufacturer of tobacco products and matches will continue to use the 40,000 m[sup]2[/sup] property as its head office. The deal comes a month after Aberdeen's fund made EUR 328 mln worth ...
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PropertyEU Archive
Portillo buys an extra EUR 314m of Colonial shares
Luis Portillo, the chairman and largest shareholder of Spanish real estate company Colonial, has raised his stake in the company to just under 40% by acquiring a further EUR 314 mln worth of shares. According to a statement sent to the stock market regulator CNMV, Portillo's investment vehicles purchased ...
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PropertyEU Archive
GPT Halverton acquires distribution centres
GPT Halverton has acquired three fully-let logistics and distribution properties in Germany on behalf of its EB8 fund. The acquisition price was not disclosed. The assets, with a total floor space of 11,700 m2, are in the towns of Steinfurt (near Münster), Henstedt-Ulzburg (near Hamburg) and Uhingen (near Stuttgart).
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PropertyEU Archive
Orco acquires office building in Prague
Orco Property Group has bought the administrative building Skoda Palace in the sixth district of Prague from an undisclosed foreign investor, and plans to reconstruct the entire property as A Class office space. Skoda Palace is an administrative building dating back to 1991, which is currently occupied by the Skoda ...
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PropertyEU Archive
Ukrainian summit adds special retail focus
The 2nd International Ukrainian Real Estate Summit in November features a special day-long focus on retail real estate in recognition of the fact the country boosts one of the fastest growing retail markets in Central and Eastern Europe. Other innovations include an interactive debate on the respective roles of the ...
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PropertyEU Archive
Miller Developments to build German retail park
Miller Developments is planning to build a retail park in Germany after acquiring a 2.5-hectare site in Hassloch for an undisclosed amount. The commercial development arm of UK-based Miller Group has entered into a joint venture with local developer Prebag for a 8,000 m[sup]2[/sup] project on the site. The scheme ...
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PropertyEU Archive
Retail development gathers pace in Bulgaria
The pace of shopping centre development has picked up in Bulgaria, according to a new report by property advisor Colliers International. Projects with more than 138,000 m[sup]2[/sup] of gross lettable area (GLA) went into development in the first six months of the year alone, adding to the 60,000 m[sup]2[/sup] already ...
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PropertyEU Archive
Foreign investors buy Tunisian hotels
Saudi group MBI International and Libya's Layco have purchased the five-star Hotel Africa in the centre of Tunis for EUR 43 mln, Tunisia's tourism ministry has announced. The 189-room hotel is part of the El Mouradi hotel chain owned by Tunisian entrepreneur Neji Mehiri. MBI International, owned by Sheikh ...
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PropertyEU Archive
Carrefour withdraws from Switzerland
French retail giant Carrefour is withdrawing from the Swiss market after failing to meet its growth targets in the Alpine country. As part of the retreat, Carrefour is selling its 50% stake in hypermarket operator Distributis to retailer Coop for EUR 287 mln. 'With 12 hypermarkets and 1.1% market share, ...
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PropertyEU Archive
Quintain Estates gets go-ahead at Wembley
Quintain Estates & Development has received the green light to develop a 10-storey mixed-use property at its Wembley regeneration project. The 57,000 m[sup]2[/sup] project, valued at £230 mln, will include a 441-bed Hilton hotel, a student hall of residence, five housing units and around 8,000 m[sup]2[/sup] of retail space.
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PropertyEU Archive
Hotel finance goes under the microscope
'Who is buying hotel risk' and 'how are the deals being financed' are two of the key issues to be debated at the seventh annual European Hotel Finance & Investment summit in London next month. Over 150 professionals, hotel owners, operators as well as investors, advisors and financiers have already ...
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PropertyEU Archive
DHL Exel takes further 12,000 m[sup]2[/sup] in Nijmegen
Logistics services company DHL Exel has leased an additional 12,500 m[sup]2[/sup] at the Bolsuis logistics centre in the Nijmegen region of the Netherlands. DHL was already leasing 15,400 m[sup]2[/sup] at the 28,000 m[sup]2[/sup] facility and it is now the sole tenant. Property advisor DTZ Zadelhoff acted for DZ Vastgoed, ...
