All Real Assets articles in Web Issue – Page 1599
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PropertyEU ArchiveSpanish hotel portfolio comes to market for €200m
A portfolio of five hotel assets has reportedly been put on the market by its owners, Spanish department store group El Corte Inglés and Grupo Empresas Matutes.
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PropertyEU ArchiveLXi bags €23m Scottish nursing home at 6.3% yield
UK REIT LXi has acquired a long-let student accommodation scheme in the Scottish city of Dundee for £20 mln (€23 mln), reflecting a net initial yield of 6.3% (net of acquisition costs).
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PropertyEU ArchiveBVK, Universal launch €250m retail park fund
Germany's largest pension fund investor Bayerische Versorgungskammer (BVK) and fund manager Universal-Investment have joined forces with Blue Asset Management to launch a €250 mln retail park fund.
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PropertyEU ArchiveGIC's P3 snaps up Czech logistics park
European logistics investor-developer P3 has acquired a second logistics park near Lovosice, in the Ústí region of the Czech Republic, from HB Reavis.
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PropertyEU ArchiveMoorfield sells London office to Floreat for €32m
UK private equity firm Moorfield has sold The Shipping Building at The Old Vinyl Factory development in west London, for £29 mln (€32 mln).
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PropertyEU ArchiveEUROPROPERTY: Revetas targets €350m for latest Central Europe fund
Revetas Capital, the specialist real estate asset manager that focuses on Central European countries, is aiming to raise €350 mln for a private comingled fund.The launch of Revetas Capital III is imminent with a roadshow slated to begin in the US later this month, according to sources.
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PropertyEU ArchiveCerberus, JC Flowers lead race to buy HSH with €700m bid
US investors Cerberus Capital Management and JC Flowers & Co have reportedly lodged the highest offer for ailing German bank HSH Nordbank.
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PropertyEU ArchiveMeyer Bergman hits €816m for Euro retail fund, eyes US push
Meyer Bergman, the specialist in value-add strategies for retail-led real estate, has secured €816 mln of equity commitments from international institutional investors for its third fund and associated co-investment vehicles.
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PropertyEU ArchiveCommerz Real sells €84m Munich asset to Conren Land
German investor Commerz Real has announced the sale of the Machtlfinger Höfe office complex in Munich-Obersendling to Conren Land, acting on behalf of one of its clients.
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PropertyEU ArchiveEUROPROPERTY: L&G to expand debt funds after senior appointment
Legal & General is to build up its real estate debt investing team and explore establishing debt funds after appointing former Blackstone managing director Lorna Brown as head of real estate debt for Europe.
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PropertyEU ArchiveReal estate investors explore alternatives in CEE
A strong economy is driving interest in offices, logistics and retail in Central and Eastern European countries, but as the market matures investors are also exploring alternative asset classes, experts agreed at PropertytEU's recent Outlook 2018: Europe & CEE Investment Briefing.
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PropertyEU ArchiveApsys unveils plans to go public through CFI takeover
Financière Apsys, a French developer-investor active in France and Poland, plans to go public through the acquisition and merger of its business with French listed firm Compagnie Foncière Internationale (CFI).
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PropertyEU ArchiveEUROPROPERTY: ING REF doubles loan business in Germany
ING Real Estate Finance grew its book to €31 bn last year and more than doubled its business in Germany, despite seeing a high level of repayments.
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PropertyEU ArchiveOctopus hires head of core credit to help grow loan book to €1.1b
UK specialist property lender Octopus Property has appointed Sean Deacon as head of Core Credit, effective immediately, to support the company in its ambitions to grow its loan book to over £1 bn (€1.13 bn) during 2018.
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PropertyEU ArchiveDeutsche AM to manage German pension fund's €1b portfolio
Deutsche Asset Management (Deutsche AM) has announced the completion of the management transfer to its real estate investment business, of a €1 bn global property portfolio managed on behalf of its German institutional client Bayerische Ärzteversorgung (BAV).
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PropertyEU ArchiveUnion puts €130m Madrid office building on the market
German fund manager Union Investment Real Estate is understood to have put the Portico office building in Madrid's Campo de las Naciones business park up for sale with an asking price of €130 mln.
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PropertyEU ArchiveFLE's €2b fund enters Poland with Wroclaw buy
Austrian property firm FLE's €2 bn Luxembourg-based investment fund FLE Sicav FIS has made its first foray in the Polish market with the acquisition of the Wratislavia Center mixed-use complex in Wroclaw’s Old Town.
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PropertyEU ArchiveMark Ridley to take helm at Savills in 2019
International property adviser Savills has announced Mark Ridley, CEO UK and Europe, will take the helm at the firm following the retirement of group CEO Jeremy Helsby in 2019.
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PropertyEU ArchivePbb refinances Prague business parks with €41m loan
German lender pbb Deutsche Pfandbriefbank has provided an investment facility of €41.4 mln to companies owned by a private real estate investor and managed by development and investment company Amesbury.
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PropertyEU ArchiveStenprop to sell off €520m of assets in strategy change
Johannesburg-listed property firm Stenprop said it has identified £460 mln (€520 mln) of assets to sell over the next two years as part of plans to refocus exclusively on UK multi let industrial (MLI) assets.
