All Real Assets articles in Web Issue – Page 136
-
PropertyEU Archive
Prologis launches four new funds
Prologis has formed four new property funds that will invest in distribution centres in Europe, the US, Mexico and South Korea. The new funds will have a combined capacity of over $14 bn (EUR 10 bn) and will serve as exclusive investment vehicles for properties from Prologis' development pipeline, the ...
-
PropertyEU Archive
Vastned Retail buys back 218,000 shares
Rotterdam-based property company Vastned Retail has repurchased a total of 218,363 shares, at an average price of EUR 55.23 each, during the week from 17 August when it launched a share buyback scheme to support the direct investment result per share. Just over 160,000 shares were purchased at EUR ...
-
PropertyEU Archive
Sonae Sierra H1 net rises to EUR 163m
Portugal-based international shopping centre developer Sonae Sierra has announced consolidated net profit for the first half of 2007 of EUR 163.7 mln, up 17% on the same period last year. A number of recent acquisitions of new shopping centres greatly influenced the company's results, together with an increase in value ...
-
PropertyEU Archive
Dekabank spends EUR 100m in Hamburg
DekaBank has acquired 94% of the shares in the Caffamacherreihe project in Hamburg on behalf of the WestInvest InterSelect fund for EUR 100 mln. The seller was Big Bau Investitionsgellschaft, a partnership between HSH Real Estate, the province's holding company and the Herbert Gerisch foundation. The development will comprise 23,000 ...
-
PropertyEU Archive
Conwert set to sell 15% of its real estate
Vienna-listed property developer Conwert Immobilien Invest is to sell about 15% of its real estate assets in the coming years to benefit from strong investor demand in some of its core markets. The Austrian company said it will raise its annual real estate disposals from 10% over the last years ...
-
PropertyEU Archive
Deutsche REIT announces EUR 33m turnover
Listed German property company Deutsche REIT, formed last year as a strategic realignment of the operations of Dolerit-Basalt, has announced turnover figures of EUR 33.2 mln for the first half of this year, no less than EUR 32.7 mln up on the same period last year. The company is now ...
-
PropertyEU Archive
Union Investment purchases Kiel mall for EUR 50m
Union Investment Real Estate has purchased the Quer-Passage passage in the German city of Kiel from HSH N Real Estate for EUR 50 mln. The property which was extensively refurbished by HSH over the last 15 months comprises 6,400 m[sup]2[/sup] of retail and 4,600 m[sup]2[/sup] of office space. The retail ...
-
PropertyEU Archive
Segro buys Italian business park for EUR 84m
Segro, the UK REIT specialising in the provision of flexible business space across Europe, has entered Italy with the acquisition of a EUR 84.5 mln business park in Vimercate, to the northeast of Milan. Acquired from Europa Capital, a UK-based pan-European real estate investment management firm, the 70,689 m[sup]2[/sup] park ...
-
PropertyEU Archive
Unibail-Rodamco HQ to move to Amsterdam
The new headquarters of Unibail-Rodamco is to be located at Amsterdam's Schiphol airport. The recently merged Franco-Dutch property giant intends to lease 2,500 m[sup]2[/sup] over three floors at the World Trade Center Schiphol from 1 October, according to CFO Peter van Rossum. Rodamco Europe's head office in Rotterdam is ...
-
PropertyEU Archive
Vib expands portfolio in Bavaria
Vib Vermogen, a commercial real estate company active in the south of Germany, has acquired five fully-let properties and a 12,400 m[sup]2[/sup] plot of land in Bavaria for an investment volume of just over EUR 31 mln. Vib said it expects the properties to provide EUR 2.6 mln in rental ...
-
PropertyEU Archive
Rodamco Europe issues last earnings report
While its direct result was negatively affected by one-off merger costs, Dutch property company Rodamco Europe has announced solid first-half results in its last earnings report as a separate company. Rodamco is being integrated into Unibail, France's largest real estate investment trust, which acquired the company earlier this summer. Rodamco ...
-
PropertyEU Archive
Fabege signs Stockholm office leases
Swedish property company Fabege has signed significant leasing deals for office space at Regeringsgatan-Lästmakargatan in central Stockholm with Nordic investment bank Carnegie and life assurance and pension provider Max Matthiessen.
-
PropertyEU Archive
Glenkerrin plans EUR 600m development in Dublin
Glenkerrin Homes, the property development company owned by Irish developer Ray Grehan, has submitted a planning application for a 40,000 m[sup]2[/sup] mixed-use development in the heart of Dublin's commercial district. Construction costs for the project are estimated at about EUR 600 mln. The scheme, named Number One Ballsbridge, has been ...
-
PropertyEU Archive
Accor ups stake in Poland's Orbis
Accor has increased its stake in Polish hotel and services company Orbis from 40.6% to close to 45.5%, newspaper Les Echos reported. Accor, Orbis' largest shareholder, has bought about 2 million shares for a total of EUR 42 mln. The French group told Les Echos it is not considering a ...
-
PropertyEU Archive
IRE acquires Brussels office
Frankfurt-based real estate company International Real Estate (IRE) has acquired a 27,600 m[sup]2[/sup] office near Brussels for an undisclosed amount. The property, which was formerly owned by Shell, is part of the 88,000 m[sup]2[/sup] Monnet Centre International Laboratory in Louvain la Neuve, Belgium. The oil company used the building, built ...
-
PropertyEU Archive
Spanish investor buys office asset in Paris
Santander's subsidiary Banif Banca Privada has bought a 2,160 m[sup]2[/sup] office building in the second arrondissement of Paris on behalf of a Spanish client. The transaction price was around EUR 21 mln, French newspaper Business Immo reported. The deal reflects a net initial yield of 5.25%. L'Etoile Properties advised Banif.
-
PropertyEU Archive
Sultan of Brunei tipped to buy Villa d'Este
The Sultan of Brunei, Hassanal Bolkiah, has reportedly made a EUR 280 mln volontary bid to acquire the Gran Hotel Villa d'Este luxury complex on Lake Como in Northern Italy. Newspaper Il Sole 24 Ore reported on Monday that the sultan, who owns the Dorchester Hotel in London, as well ...
-
PropertyEU Archive
Mitsubishi buys into UK residential fund
Grainger, the UK's largest residential property owner, has concluded its capital raising activity for G:res1, a market-rented residential investment fund, by selling a EUR 22 mln stake in the fund to Mitsubishi. This takes the total third-party investment in the fund to EUR 234.5 mln, and reduces Grainger's equity stake ...
-
PropertyEU Archive
Plaza Centers makes debut in Serbia
Plaza Centers has taken its first steps into the Serbian market by winning a competitive tender for a new shopping, entertainment and business centre in Belgrade. The leading emerging markets real estate company will develop the scheme on a 100,000 m[sup]2[/sup] site on the capital city's main thoroughfare.
-
PropertyEU Archive
Expo Real focuses on cross-border investment
The massive volumes of cross-border property investment is one of the key topics at the Expo Real property fair in Munich from 8 to 10 October. With research by Degi, the real estate investment arm of German insurer Allianz, indicating that global investment in real estate will likely reach a ...
