All Real Assets articles in Web Issue – Page 158
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PropertyEU Archive
Foreign investors dominate all European markets in H1 2007
Cross-border activity represented about 57% of all transactions (by value) in the first half of 2007, according to the new European Investment Report issued on Tuesday by CBRE. This compares with 47% in H1 2006.
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PropertyEU Archive
Strabag launches $1.9 bn IPO to fund CEE growth
Austrian builder Strabag on Monday launched its IPO of shares worth up to $ 1.9 bn to fund and consolidate its growth. Strabag is offering up to 28.2 million shares for between EUR 42 and EUR 48. The cash raised will go to making 'bolt-on acquisitions in CEE-markets to expand ...
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PropertyEU Archive
Orco raises EUR 100m at Expo for hospitality fund
Orco Property Group has raised about EUR 100 mln on the first day of the EXPO REAL property fair in Munich for its Central and Eastern European hospitality fund. In an exclusive interview with PropertyEU, Orco's president and ceo Jean-Francois Ott said the funds were raised from a large Dutch ...
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PropertyEU Archive
Infraserv Hochst to develop EUR 300 mln facility in Frankfurt
Infraserv Hochst is to develop a clean power plant in the Industriepark Hochst in Frankfurt, Germany, the company announced at the EXPO REAL congress on Tuesday. The waste-to-energy facility will be the largest of its kind in Germany and will account for an investment of roughly EUR 300 mln. The ...
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PropertyEU Archive
Pirelli RE, RREEF set to launch EUR 4.5 bn bid for Arcandor
Italy's Pirelli Real Estate and Deutsche Bank's property unit RREEF are considering launching a EUR 4.5 bn offer for a 49% stake in Arcandor's department store properties, market sources said at EXPO REAL in Munich. The two investment partners would be competing with other four bidders who are also in ...
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PropertyEU Archive
AMB Europe credit facility upped to EUR 428m
ING Real Estate has increased its EUR 228 mln credit facility for the AMB Europe Fund by EUR 200 mln. The increase is intended to fund further acquisitions throughout most of Europe, including Central and Eastern Europe, ING Real Estate said.
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PropertyEU Archive
OVG to develop ABB's European offices
Dutch developer OVG has won an exclusive contract to develop the European offices of ABB, the Swiss-Swedish engineering Group, Coen van Oostrom, CEO of OVG, said in an interview with PropertyEU. 'We are conducting a review of ABB’s sites throughout Europe together with the company's Swiss real estate division. We ...
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PropertyEU Archive
Diamonda to build airport theme park
Dutch company Diamonda announced on Tuesday at the EXPO REAL fair in Munich that it has signed an agreement to develop an entertainment theme park at Airport Weeze in western Germany. The Diamonda theme park will involve an investment of EUR 750 mln. Developers are the Dutch building firms Ballast ...
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PropertyEU Archive
UBS buys Brussels Atlantis project
Developer Codic Group has sold the Atlantis office development project in Brussels to an open-ended German fund managed under German law by UBS for EUR 100 mln. Jones Lang LaSalle's Capital Markets team advised Codic on the sale of three companies which owned the Atlantis project.
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PropertyEU Archive
BBIG set to develop Munich skyscraper
Bayerische Bau und Immobilien Gruppe (BBIG) is develop a EUR 200 mln 23-storey tower in Munich, the company announced at the EXPO REAL congress on Tuesday.The complex will include a so-called Skyline skyscraper and four adjoining five- and seven-storey buildings.
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PropertyEU Archive
Scandic to build landmark hotel in Berlin
Hotel operator Scandic and Danish real estate developer Schaumann Properties have formed a partnership to develop a EUR 110 mln hotel with 572 rooms on Potsdamer Platz in Berlin. The hotel marks the first serious step in Scandic’s new international growth strategy, Scandic said in a statement. The hotel ...
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PropertyEU Archive
Skanska to build prison facilities in northern Sweden
Swedish construction giant Skanska has secured a EUR 46 mln assignment from Specialfastigheter Sverige to extend prison facilities in the Harnosand region, in northern Sweden. Skanka is extending the Swedish Prison and Probation Service's sites at Kumla, Hall and Saltvik.
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PropertyEU Archive
ING buys Romanian mall
ING Real Estate will announce today that it has reached agreement to acquire full ownership of the Felicia shopping centre in Iasi in Romania through the purchase of Belgian development company Felicia Invest. The total investment amounts to approximately EUR 40 mln. The acquisition marks ING RE’s first acquisition in ...
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PropertyEU Archive
ING Real Estate buys in Germany and Romania
ING Real Estate has acquired three prime office buildings in Germany for a total EUR 90 mln. The Westend-Ottensen building in Hamburg, Ernst-August-Carre building in Hanover and Office Park Rheinlanddamm in Dortmund will be added to its European Office Fund.
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PropertyEU Archive
W.P. Carey steels itself for leaseback with Schuler
New York-based investors W. P. Carey, providers of long-term net leasing finance for companies worldwide, has just cut a EUR 52 mln deal with German manufacturing giant Schuler. Two of the investment firm’s real estate funds acquired Schuler’s global headquarters and largest production site in Göppingen, just outside Stuttgart. They ...
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PropertyEU Archive
Hypo Real Estate to finance Carlyle’s Piccadilly purchase
Hypo Real Estate Bank International, a member of Hypo Real Estate Group, is providing an investment and VAT acquisition facility to Carlyle European Real Estate Partners (CEREP), part of the Carlyle Group, a global private equity firm.
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PropertyEU Archive
CBRE launches cross-border team for Central and Eastern Europe
CB Richard Ellis has further strengthened its cross-border investment capability with the creation of a new regional investment team dedicated to Central and Eastern Europe. Headed up by Frédéric Van der Planken, the team will work with CBRE’s 12 CEE offices to help clients take advantage of the region’s ...
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PropertyEU Archive
Prologis to develop Hamburg distribution centre
Prologis, ranked No. 1 in the real estate industry on Fortune's 2007 list of America's most admired companies, is to build a new industrial warehouse in northern Germany for Jack Wolfskin, a leading European provider of outdoor equipment, footwear and apparel.
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PropertyEU Archive
Dutch corporation Ymere invests in Croatian housing
Dutch housing corporation Ymere is investing EUR 90 mln in the development of new housing in Osijek in Croatia. The project will be based on a financing structure that is widely used in the Netherlands for developing social housing, said Harry Platte, corporate strategy adviser at Ymere, in an interview ...
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PropertyEU Archive
DTZ, Kenmore launch sustainable property fund
DTZ has teamed with Kenmore Property Group and Forum for the Future to launch Susteno, a sustainable investment fund, the companies said at EXPO REAL in Munich. The new fund is aimed at investors looking to take advantage of the growing impact of environmental issues in the commercial property sector. ...
