All Real Assets articles in Web Issue – Page 140
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PropertyEU Archive
GE RE buys German office for EUR 25 mln
GE Real Estate has bought a 11,000 m[sup]2[/sup] office building in Hamburg from HIH Hamburgische Immobilienhandlung for EUR 25 mln. The five-storey office was developed in 2005 and is multi-let to a range of tenants including Oracle and HansaLeasing, a subsidiary of CommerzLeasing. The property is located in the Altona ...
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PropertyEU Archive
Beacon Capital to close $4 bn office fund
US private real estate investment firm Beacon Capital Partners is to announce that it has closed a $4 bn (EUR 3 bn) global office fund, newspaper Financial Times reported on Tuesday. The fund, believed to be the biggest ever of its kind, is 80% committed by 200 investors mainly public ...
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PropertyEU Archive
Hammerson buys French mall for EUR 65m
Hammerson has agreed to acquire a 31% stake in Grand Maine, a 22,000 m[sup]2[/sup] shopping centre in Angers, France for £44 mln (EUR 66 mln). The vendor is private property company Locasic. The transaction is expected to be completed by next October.
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PropertyEU Archive
AXA sells Angers Grand Maine stake for EUR 66m
AXA Real Estate Investment Managers (AXA REIM) has announced that one of its funds is selling a 31% stake in the Angers Grand Maine shopping centre for EUR 66 mln. The deal involves a 9,000 m[sup]2[/sup] retail gallery with about 60 retail units providing a net annual rent of EUR ...
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PropertyEU Archive
UBS spends EUR 70m in the Netherlands
UBS Global Asset Management has announced that its Euro Value Added Fund has acquired a portfolio of four buildings in Arnhem, Hoofddorp, Schiphol-Rijk and Utrecht in the Netherlands. The assets, providing a total of 40,400 m[sup]2[/sup] of office space, were acquired for EUR 70 mln from ING Real Estate. The ...
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PropertyEU Archive
Hansteen Ormix acquires logistics assets in Tilburg
Hansteen Ormix has acquired two new properties in Tilburg, a logistics hotspot in the Netherlands. The first property comprises 13,000 m[sup]2[/sup] of useable space and has been rented by UPS Supply Chain Solutions. The second, almost double the size, has been taken over by Haans, a supplier of natural lifestyle ...
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PropertyEU Archive
Iceland's Stodir acquires Keops of Denmark
Icelandic real estate major Stodir has acquired just under 97% of the issued shares of Keops, the largest listed property company in Denmark. Stodir said it will initiate a compulsory acquisition procedure for the remaining shares and has asked for an Extraordinary General Meeting to approve the de-listing of Keop's ...
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PropertyEU Archive
Catalyst completes Rome shopping centre acquisition
Catalyst Capital has completed the purchase of the Torrenova Shopping Centre from Dimafin for its WCC Europe Fund. The pan-European investment and asset management group had acquired a portfolio for EUR 174 mln that included the centre at the end of last year, but completion was delayed until after the ...
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PropertyEU Archive
Stratreal advises on UK's Turner building deal
Strategic Real Estate Advisors (Stratreal) has advised an overseas private client on the disposal of the Turner building in the English town of Slough to an institutional investor for £45 mln (EUR 67 mln). The property is a modern headquarter office development built in 2000 providing 86,780 sq.ft (8,000 m2) ...
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PropertyEU Archive
Hammerson buys stake in Grand Maine
Axa Real Estate Investment Managers (Axa REIM) has announced that one of its funds is selling a 31% stake in the Angers Grand Maine shopping centre for EUR 66 mln. The deal involves a 9,000 m[sup]2[/sup] retail gallery with about 60 retail units providing a net annual rent of EUR ...
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PropertyEU Archive
Strategic checks into Paris hotel
Strategic Hotels & Resorts has acquired the Le Parc hotel in Paris from the Accor group for EUR 66 mln. The industry-leading owner and asset manager of high-end hotels and resorts has a 20-strong portfolio throughout North America and Europe operating under the Fairmont, Hyatt, Marriott brands, amongst others. The ...
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PropertyEU Archive
Deka revives Hannibal sale
German property company Deka Immobilien Investment is planning to re-launch the sales process for a package of real estate assets, including the Hannibal portfolio, after an attempted sale fell through last February. Franz Lucien Moersdorf of Deka management board told German newspaper Immobilien Zeitung that the real estate assets will ...
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PropertyEU Archive
Dere, Swiss Hawk launch two RE funds
London-based Deutsche European Real Estate (Dere) and Swiss Hawk, a niche investment banking group, have signed an agreement to cooperate on the establishment of two new real estate investment funds. The Hanseatic & Baltic Fund will invest in commercial and residential real estate in the Hanseatic and Baltic regions, while ...
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PropertyEU Archive
Sarantis vacates HQ in Piaseczno
Sarantis Polska, distributor of cosmetics and household products such as Nair and Pearl Drops, is vacating its current headquarters in Piaseczno, just south of Warsaw. The wholly-owned building, comprising 891 m[sup]2[/sup] of office space and 120 m[sup]2[/sup] of storage space, is currently leased to tenants. Sarantis will retain international property ...
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PropertyEU Archive
AXA REIM raises over EUR 1 bn in four funds
AXA Real Estate Investment Managers (AXA REIM) has raised over EUR 1 bn with the closings of four of its funds, providing a total buying capacity of over EUR 2.5 bn. The funds attracted over 40 new or existing institutional investors based in the UK, Ireland, France, Spain, Scandinavia, Italy, ...
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PropertyEU Archive
CMBS issue in Europe collapses to EUR 1.5 bn
Royal Bank of Scotland estimates that the issue of commercial mortgage-backed securities (CMBS) in Europe decreased drastically to just EUR 1.5 bn in July from EUR 14.6 bn a month earlier, the Financial Times reported on Wednesday. This compares with some EUR 11.3 bn in the same period a year ...
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PropertyEU Archive
Axa REIM raises over EUR 1 bn for 4 funds
Axa Real Estate Investment Managers (Axa REIM) said on Friday that it raised over EUR 1 bn with the closings of four of its funds, which together have a buying capacity of EUR 2.5 bn. Around 40 existing institutional players in Western Europe, the Middle East, and Canada are investing ...
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PropertyEU Archive
Epra forms global coalition for accounting rules
The European Public Real Estate Association (EPRA) has teamed up with its international counterparts to influence proposals for uniform accounting standards currently being drawn up by the US Financial Accounting Standards Board (FASB) and the London-based International Accounting Standards Boards (IASB). 'The project has profound implications for the listed real ...
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PropertyEU Archive
Orco fund acquires office centre in Budapest
The Endurance Office and Retail Fund has acquired the Arena Corner Office Centre in Budapest for EUR 63 mln. The fund, which is managed by Orco Property Group, bought the building from developer Raiffeisen Ingatlan Zrt in July, Orco said in a statement on Wednesday.
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PropertyEU Archive
Atisreal advised on major Place Vendome deal
Global advisory firm Atisreal said it acted as advisor on the acquisition by Irish private investor Sloane of the Place Vendome building in Paris for EUR 640 mln. The trophy asset was bought from Hammerson and AXA Reim. The transaction reflected a net yield of 3.5%. The historical building in ...
