All Real Assets articles in Web Issue – Page 14
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PropertyEU Archive
Colonial muscles in on EUR 1 bn Hercules portfolio
Colonial Real Estate has taken a first stake of 4.8% in OCM German Real Estate Holding, the 100% owner of the EUR 1.1 bn Hercules real estate portfolio. Colonial acquired the interest through its subsidiary CRE German Office and it said it plans further acquisitions.
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PropertyEU Archive
Cordea Savills clinches EUR 320 mln Italian portfolio deal
European property fund manager Cordea Savills has exchanged contracts for the purchase of an Italian property portfolio from Beni Stabili for EUR 320 mln.
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PropertyEU Archive
Develica acquires German offices for EUR 34.6 mln
Develica Deutschland, the AIM-listed specialist German property fund, has announced that it has exchanged contracts for the acquisition of three office properties in Darmstadt for a total of EUR 34.6 mln, reflecting a yield of 6.01%.
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PropertyEU Archive
Astroc acquires 49.99% of Landscape
Astroc, the leading Spanish real estate company, has concluded agreements for the acquisition of 49.99% of Landscape, the real estate subsidiary of Banco Sabadell. Investment vehicles Alramaev and Courrent Assets, owned by various companies, are buying the remaining shares. Alramaev will get 45.01% and Courrent Assets will hold 5.1%.
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PropertyEU Archive
Capital & Regional in EUR 50 mln 'big box' acquisition
Capital & Regional has said that its joint venture with Hahn, a German property group, has purchased a portfolio of 'big box' stores in Germany for EUR 50 mln.
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PropertyEU Archive
Eco Business Immobilien issues shares to fund acqusitions
Eco Business Immobilien, the listed Austrian property company, is to issue 2.5 million new shares, at EUR 12.80 a share, to raise EUR 32 million to the fund its international ambitions. The company said it is looking at Germany and the CEE markets in particular for acquisitions.
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PropertyEU Archive
C & W advises on largest Russian letting ever
VimpelCom, the first Russian company to be listed on the New York stock exchange, is to let the entire 31,600 m[sup]2[/sup] of offices in Moscow's Hermitage Plaza from developer Forum Properties.
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PropertyEU Archive
ULI Germany presents leadership awards
Bernd Knobloch, chairman of the board of Eurohypo, was among the winners of the leadership awards presented by the Urban Land Institute (ULI) Germany on Wednesday evening at a ceremony in Frankfurt am Main.
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PropertyEU Archive
Barings to shun eastern Europe in property hunt
Barings Asset Management is not about to follow the pack and invest large-scale in the east European property market since increasing its exposure to international property. Instead the company's Dublin-domiciled Multi Manager Property Fund is to play it safe by focusing on western and central Europe, according to David Coombs, ...
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PropertyEU Archive
Credit Foncier launches bid for Locindus
Credit Foncier de France, a Caisse d'Epargne subsidiary, has launched a EUR 300 mln public offer for Locindus. The bid of EUR 37 a share represents a 12% premium to the latest price and a 48% premium to the published Net Asset Value at cost. The bid will likely succeed ...
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PropertyEU Archive
CGD and Iberdrola cooperate in Portugal
Caixa Geral de Depositos and Iberdrola Inmobiliaria have signed a cooperation agreement for the management of projects in the Portuguese real estate market. The agreement was signed in Madrid through the subsidiaries Imocaixa, Iberdrola Inmobiliaria and Gestao Imobiliária, and regards both the finance and the development of projects in the ...
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PropertyEU Archive
G-REITs will be a 'disappointment, but that's okay'
German real estate investment trusts (G-REITs) will be a disappointment for the first couple of years after they are introduced in January 2007 - but that's okay, said Struan Robertson, Managing Director and Head of Real Estate Europe and Middle East at Morgan Stanley London.
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PropertyEU Archive
Germany is 'number one on everyone's radar screens'
Germany is the most popular location in Europe for foreign investors at the moment, said Roger Barris, managing director and European head at Merrill Lynch London, in remarks on Wednesday at an Urban Land Institute panel discussion in Frankfurt am Main.
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PropertyEU Archive
Mondura puts off IPO
Mondura Liegenschaften, a German property company, has postponed selling shares in an IPO, according to a report in FT Deutschland which cites unidentified sources. The newspaper said that the company originally planned the IPO for the end of this year, but doesn't think it can raise what it needs in ...
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PropertyEU Archive
Spain's Sando to build 1,000 homes in Warsaw
Sando Immobiliara has bought the former bus terminus on Chemska street in Warsaw to develop 1,000 homes priced at around EUR 2,348 per m2, according to Polish magazine Gazeta Wyborcza.
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PropertyEU Archive
Westbrook buys Paris hotel for EUR 101.5 mln
Westbrook has acquired hotel Concorde Saint Lazare in Paris from SOVAFIM, a land and property development company, for EUR 101.5 mln. Located in the 8th arrondissement of the French capital, the hotel was built in 1889 at the same time as the Saint-Lazare train station. The hotel comprises 15,000 m2, ...
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PropertyEU Archive
Premier invests EUR 27 mln in Valencia
Premier, a French-based property company, has opened an office in Valencia to further reinforce its position in the Spanish residential market. The company plans to develop an average of 250 buildings per year in the area. The first step is an investment of EUR 27 mln in the development of ...
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PropertyEU Archive
Diligentia sells Stockholm mall for EUR 440 mln
Sweden's Diligentia has sold the Sturegallerian shopping mall in the central business district of Stockholm to Abu Dhabi Investments for a total of SEK 4 bn (EUR 440m). Diligentia indicated it received a higher price from the sale than it had initially hoped for, but the management did not want ...
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PropertyEU Archive
Telford Shopping Centre on market for EUR 679 mln
Jones Lang LaSalle UK has been appointed by Universities' Superannuation Scheme (USS) to market Telford Shopping Centre in Shropshire, UK for about £460 mln (EUR 679 mln). Property Week reported that USS has decided to sell the 92,902 m[sup]2[/sup] shopping centre because it wants to reduce its exposure to large ...
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PropertyEU Archive
Aberdeen launches new Euro shopping fund
Aberdeen Property Investors has launched a new fund for international institutional investors. The Aberdeen European Shopping Property Fund is a closed-ended fund with a defined term of 10 years.
