All Real Assets articles in Web Issue – Page 15
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PropertyEU Archive
Middle East investor to acquire London tower site
A consortium led by Middle Eastern investment firm Arab Investments is the frontrunner to acquire the site for the proposed 288-metre 'Helter-Skelter' tower in London, Property Week has reported. Arab Investments has made a £200 mln offer for a site in Bishopsgate this week.
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PropertyEU Archive
Germans 'selling assets too cheaply' - MAB executive
With all the current interest from foreign investors in the German property market, Germans may be selling their assets too cheaply, Jan G. F. Eijkemans, managing director international of Bouwfonds MAB, has warned.
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PropertyEU Archive
ING Real Estate launches Eurosiris Fund of Funds
ING Real Estate Select has launched a new fund called Eurosiris to meet what it describes as the escalating investor demand for additional property sector investment into continental Europe. The target fund size is EUR1 billion invested over the next three years, but there will be no limit to the ...
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PropertyEU Archive
Fabege gets Klovern shares to settle property transaction
Fabege, one of Sweden's largest listed property companies, has obtained 46.18 million shares of its peer Klovern as part payment for 46 properties sold to Klovern in September. Fabege now hold the equivalent of 27.7% of the capital and votes in Klovern.
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PropertyEU Archive
Inmoracal to take stake in FCC
Inmoracal's manager Luis Portillo intends to take a 15,05% stake in FCC through Acciona. The share is valued around EUR 1,475 mln, Spanish economic magazine Negocios reported. 'The success of the operation will bring relief to Esther Koplowitz, the major FCC shareholder, and will add value to the Acciona group ...
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PropertyEU Archive
Reyal to invest EUR 350 mln in Madrid
Reyal Grupo, Spanish property group, intends to invest EUR 350 mln in the construction of 196 homes, a five-star hotel and a shopping centre at Paseo de la Castellana, in Madrid. The project, named Castellana 200, is likely to be completed in the end of 2009, said Rafael Santamaria, ...
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PropertyEU Archive
Tesco plans £600 mln property sell-off
Tesco, the largest supermarket group in the UK, is to sell commercial property in a deal that will raise as much as £600 mln (EUR 885 mln), a British newspaper reported at the weekend without revealing its sources.
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PropertyEU Archive
CGS acquires French logistics project
Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Commerz Grundbesitz Group, has signed the deed for the 'Logistikpark Distriport' property in Fos sur Mer near Marseille. The logistics park is earmarked for the company's Euro Property 1 institutional property fund. The project has a total investment volume of about EUR 33 mln ...
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PropertyEU Archive
Alpine looks for expansion in eastern Europe
Alpine Mayreder, Austria's second real estate company controlled by the Spanish FCC, intends to seek further expansion into the eastern Europe property market, Alpine's president Dietmar Aluta-Oltyan said during an interview with the 'Salzburger Nachrichten'.
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PropertyEU Archive
PropertyEU among new sources on PropertyDay
Real estate portal PropertyDay has added news from PropertyEU and nine other sources to its website. PropertyDay is a meta news site which provides headlines of articles deep-linked from their original source to meet the growing demand for up-to-date news on the global commercial property market.
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PropertyEU Archive
Tishman Speyer buys Deutsche Bank HQ in Brussels
Tishman Speyer, the global real estate investor, has bought Deutsche Bank's headquarters in Brussels in its first acquisition in Belgium.
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PropertyEU Archive
Sacyr Vallehermoso gets two seats on Repsol's board
Luis del Rivero, boss of Spain's Sacyr Vallehermoso, and Juan Abello, advisor of the group, are to get two seats on Repsol YPF's board by the end of the month. Sacyr Vallehermoso owns almost 17% of Repsol as it moves closer to acquisition of the oil company.
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PropertyEU Archive
Wilson Bowden confirms rumours of takeover talks
Wilson Bowden, the British commercial and residential property developer, has confirmed media speculation that it is in talks about a possible takeover of the company. 'The Board can confirm that it is in preliminary discussions with a number of parties regarding a possible offer for the company,' Wilson Bowden said ...
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PropertyEU Archive
HGA Capital sells offices to Irish group
HGA Objekt Hamburg 4 has sold the Eurocenter office building in Neuss near Dusseldorf to Ireland's Drinagh Co-operative for over EUR 14 mln. The Eurocenter comprises 11,200 m[sup]2[/sup] of office space and the lead tenants who occupy nearly 60% of the total area are Micros Fidelio, a provider of ...
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PropertyEU Archive
OHL to expand further in China and US
OHL is to acquire a property company in Texas and to invest between EUR 100 and 150 mln in a silicon factory in China, company manager Villar Mir told publication La Gaceta de los Negocios. The deal in Texas follows the recent acquisition of 80% of Community Alsphalt Corp, an ...
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PropertyEU Archive
ECB headquarters plan draws fire
The European Central Bank's plan to locate its new headquarters in Frankfurt's former fruit and vegetable market has been criticised by the family of the architect of the landmark 1920s building, the Financial Times has reported.
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PropertyEU Archive
Eurohypo to expand in Turkey
Eurohypo, the Frankfurt-based bank, plans to expand its activities in Turkey where it is has already extended EUR 560 mln in credit for five finalised real estate projects. Cenk Arson, head of of the Istanbul office for Eurohypo told the English-language New Anatolian publication that the bank was working on ...
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PropertyEU Archive
German open-ended funds in October 'revival'
German open-ended funds experienced something of a revival in October as a net inflow of EUR 530 mln was recorded, according to a report by CB Richard Ellis. This was the highest inflow since January 12005.
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PropertyEU Archive
Grupo Sanchez to build 30,000 homes in Brasil
Spanish property company Sanchez Group has presented its plans for a major Brazilian tourist project during the Lisbon real estate fair SIL. The project consists of 30,000 tourist homes to be built in Natal, in the north-east of Brazil, Sanchez's commercial director Francesc Mora, Sanchez told Spanish news agency EFE.
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PropertyEU Archive
ING RE in 2nd largest single Dutch office deal of 2006
ING Real Estate Development has sold the Acanthus office building in Amsterdam's south-eastern business district to Credit Suisse Asset Management for about EUR 174 mln - the second largest single office transaction in the Netherlands this year.
