All Real Assets articles in Web Issue – Page 1548
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PropertyEU ArchiveTunstall launches Dutch debt fund
Tunstall Real Estate Asset Management, the pan-European alternative investment management firm created recently by London-based M7 Real Estate, has made its first investment for a new Dutch-focused discounted pay-off debt fund, after receiving €55 mln of initial commitments from a number of international investors at its first closing.
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PropertyEU ArchiveItalian H1 investment volumes rise 43% - Colliers
Investment volumes in Italy reached €5 bn in the first six months of 2017, 43% higher than the year-earlier period which saw just €3.5 bn of deals, Colliers Italy has revealed.
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PropertyEU ArchiveAllianz RE buys two Milan offices from Blackstone
Allianz Real Estate has acquired two office assets in Milan by taking over Blackstone's Italian closed-end investment fund 'Kensington' on behalf of German Allianz entities.
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PropertyEU ArchiveColliers Poland appoints new equity partners
Colliers International has appointed two new equity partners in Poland, Marta Machus-Burek and Jonathan Cohen.
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PropertyEU ArchiveBreevast owner arrested in Italy on fraud charges
Frank Zweegers, owner of Dutch property company Breevast which is reportedly in talks to sell an office tower in Brussels to Irish investor Derek Quinlan for €1.3 bn, has been arrested in Italy on allegations of fraud.
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PropertyEU ArchivePatrizia announces share buyback following strong H1 results
Augsburg-based Patrizia Immobilien is on target to lift its assets under management by more than €2 bn in full-year 2017 after reporting a 45% increase in operating income over the first six months of the year to €35 mln.
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PropertyEU ArchiveAlstria upgrades 2017 earnings forecast after strong H1
Lower financing costs and a €23.3 mln profit from the sale of the Kaisergalerie in Hamburg in the first six months of the year helped Frankfurt-listed office specialist Alstria lift net profit by 49% over the period.
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PropertyEU ArchiveHines sells Warsaw office to Czech fund for €117m
US developer Hines has sold the Proximo I office building in Warsaw to a fund managed by Czech investor Reico for €116.6 mln.
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PropertyEU ArchiveLondon development land sales rebound in Q2
Some £722 mln (€797 mln) of development land changed hands in London in the second quarter of 2017, representing a 48% increase on Q1 and the strongest three-monthly figure since before the EU referendum, according to figures from adviser CBRE.
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PropertyEU ArchiveLondonMetric buys retail park for €31m
UK REIT LondonMetric Property has acquired Burlington Retail Park in southwest London for £28.3 mln (€31.2 mln) from a large, unnamed UK institution.
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PropertyEU ArchiveBlackstone bags 51% of Banco Popular toxic assets
Blackstone has emerged as the winner in the race to buy a 51% stake in failed Spanish bank Banco Popular’s €30 bn portfolio of distressed loans and real estate assets.
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PropertyEU ArchiveHenley clinches €77m assisted living deal for new fund
UK private equity firm Henley has acquired a portfolio of assisted living homes for £70 mln (€77.3 mln) for its new Henley SIPUT fund which held its first close in July.
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PropertyEU ArchiveSonae Sierra's profits rise 9% in H1 2017
International shopping centre specialist Sonae Sierra reported a 9% increase in net profit to €64.2 mln in the first half of 2017 compared with the year-earlier figure of €59 mln.
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PropertyEU ArchiveLondonMetric buys 14 UK sheds for €129 mln
UK REIT LondonMetric Property has purchased 14 urban and regional logistics warehouses for £116.6 mln (€129 mln) from Cabot Properties.
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PropertyEU ArchiveNew KanAm fund targets €500m spend in southern Germany
A new KanAm Grund Group institutional fund dubbed Fokus Süddeutschland has carried out initial acquisitions in Frankfurt and Stuttgart as it targets a fund volume of €500 mln.
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PropertyEU ArchiveUBS AM spends €57m on Madrid retail gallery
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has acquired the retail gallery section of Las Rosas Shopping Centre in the San Blas district of Madrid for €57 mln from Hispania Retail Properties.
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PropertyEU ArchiveAEW acquires high-street asset in Madrid for €50m
Global asset manager AEW has acquired a high-street retail asset in Madrid on behalf of its Europe City Retail Fund for around €50 mln, marking the fund’s second purchase in the Spanish market.
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PropertyEU ArchiveParis is always Paris and Berlin is never Berlin
Of all European cities, Berlin stands out as the one where the office landscape has changed most significantly in recent years, writes Tony Smedley, head of Schroder European REIT.
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PropertyEU ArchiveAsian investors continue to head for London despite Brexit
The record-breaking Walkie Talkie deal at end-July by a Hong Kong oyster sauce company followed a bumper first half for the London office investment market and more trophy transactions are on the way despite Brexit, according to adviser Savills.
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PropertyEU ArchiveHudson’s Bay ordered to keep Berlin store open
Canadian retailer Hudson’s Bay Co (HBC) has been ordered by a court in Berlin to keep a Galeria Kaufhof department store in the German capital open, reversing the company’s earlier moves to shut it down.
