All Real Assets articles in Web Issue – Page 142
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PropertyEU Archive
European lenders play down impact of global credit crisis
Dedicated providers of the cross-border financing that has helped drive the European property investment boom in recent years say that the level of loans may slow in the second half of the year, but there is no question of the lending tap being turned off completely - barring further seismic ...
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PropertyEU Archive
Fidelity International launches EMEA fund
Fidelity International said it had launched the Emerging Europe, Middle East and Africa fund, which will invest in between 50 and 70 companies with operations in the EMEA region. The fund will be benchmarked against the MSCI Emerging Markets EMEA Index, but will not be limited to the countries covered ...
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PropertyEU Archive
Raven Russia poised to enter Ukraine
AIM-listed Raven Russia said it is planning to enter Ukraine with the development of a 20-hectare logistics park in Kiev, Ukraine. The Russian investment company said during the presentation of its half-year results on Wednesday that it will seek shareholders' approval for the development.
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PropertyEU Archive
Liffe launches real estate futures
Liffe, the derivatives business of Euronext, on Thursday announced plans to launch two futures contracts on indices that track the performance of European real estate companies. The new derivatives will be launched on 1 October.
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PropertyEU Archive
Prologis unveils 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
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PropertyEU Archive
Tales of a trailblazer
Eight years ago at the age of 53, Nick van Ommen was travelling around the world with his wife on a trip which was meant to mark his early retirement from a hectic corporate career. 'I’d always had this plan and we were having a great time,' the outgoing CEO ...
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PropertyEU Archive
AXA's EIP fund sells French/Dutch portfolio for EUR143m
The European Industrial Partnership fund, managed by AXA Real Estate Investment Managers (AXA REIM), has sold a portfolio of Dutch and French properties to the Scarborough Continental Partners for more than EUR 143 mln. This was the first major deal for Scarborough since it was acquired by Australian-listed developer Valad ...
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PropertyEU Archive
Palermo takes ownership of 258 Mafia properties
A total of 258 properties confiscated from the Sicilian Mafia are to be handed over to the city government of Palermo by the end of 2007, according to an agreement reached between Italy's economy ministry, the state property agency Agenzia del Demanio and the city.
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PropertyEU Archive
Norwich's European Property Fund reaches EUR 400m
The European Property Fund has completed the acquisitions of four properties in Western Europe to bring the total size of the fund to EUR 400 mln since it was launched by British insurer Norwich Union last February. The new assets have a total value of EUR 140 mln and are ...
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PropertyEU Archive
First Property assets under management up 43%
First Property Group said assets under management rose 43% to £215 mln (EUR 315 mln ) in the first 5 months of 2007, with a further pipeline of assets expected over coming months. 'The primary markets in which we operate continue to deliver exciting investment prospects, particularly in Poland where ...
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PropertyEU Archive
Sonae's Troia resort 50% sold
Sonae SGSP has sold about 50% of its flagship Troia resort's 380 housing units three months before they went on sale, newspaper Diario Economico reported without citing sources. The resort, due to open next year, involved an investment of EUR 450 mln, the paper said.
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PropertyEU Archive
AAIM acquires EUR 700m Gemini portfolio
UK celebrity-backed fund AAIM has bought 51 German retail assets from Luxembourg-based EPI Orange Holdings for EUR 700 mln. The purchase price for the 34 DIY stores let to Praktiker and 17 department stores let to Sinn Leffer reflects a net initial yield of 5.5%. Last month AAIM was ...
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PropertyEU Archive
IVG Immobilien spends EUR 76m on German offices
IVG Immobilien has bought a portfolio of eight real estate assets in the Dusseldorf region from CM Capital Management for EUR 76 mln. The portfolio includes properties 'at very good locations' in Dusseldorf (six assets), Cologne (one asset) and Krefeld (one asset) and covers some 43,000 m[sup]2[/sup] of office space ...
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PropertyEU Archive
ING REIM Europe raises risk profile after soaring returns
ING Real Estate Investment Management ING REIM) has taken a strategic decision to launch a new suite of funds in the 'value-added' space in Continental Europe, after its most successful fund debut ever for a new vehicle in this strategy by the traditionally 'core' investment house. 'The Iberian Value Added ...
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PropertyEU Archive
Real Office Group shares begin trading on AIM
Shares of the UK's Real Office Group began trading on the Alternative Investment Market (AIM) in London on Friday following an initial £3.5 mln (EUR 5.2 mln) fundraising. The newly incorporated group was created to acquire and manage companies involved with the design, construction and fit-out of commercial interiors.
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PropertyEU Archive
EC presents plan for Brussels redevelopment
The European Commission and the government of Brussels have presented a masterplan for the redevelopment of the city's European Quarter. The redevelopment plan involves 400,000 m[sup]2[/sup] of office space for the Commission on both sides of the Rue de Loi, and about 180,000 m[sup]2[/sup] for housing and other uses within ...
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PropertyEU Archive
Town Centre to join REIT club in October
Town Centre Securities said on Friday that it is in 'robust' shape and intends to convert to real estate investment trust (REIT) status in October. But the company cautioned that adding to its £518 mln portfolio would be dependent on easing of inflated pricing in the UK commercial property market.
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PropertyEU Archive
Fifteen companies to join G-REIT
After years of foot-dragging and political wrangling, the creation of the first German real estate investment trust (G-REIT) is now within sight. By late August, 15 companies had indicated plans to set up a tax-friendly REIT either via a flotation or by conversion of an existing listed vehicle, according to ...
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PropertyEU Archive
TCN rolls out 'TruckCity' concept
TCN Property Projects plans to launch its 'TruckCity' concept at the BedrijfsautoRAI (European Road Transport Show) in Amsterdam on 25 October, before rolling it out on European motorways next year.
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PropertyEU Archive
Foruminvest's Gran Sasso mall fully let
Dutch property development and investment company Foruminvest said on Friday that its Gran Sasso shopping centre development in the Italian city of Teramo is fully let, five months before the opening on 22 November. The shopping mall comprises 101 retail units with a combined retail space of 30,000 m2, including ...
