All Real Assets articles in Web Issue – Page 161
-
PropertyEU Archive
Chagala sees value of assets rise by 35%
Kazakh real estate developer and operator Chagala said on Monday that the current market value of the group's assets is $194.4 mln (EUR 137 mln), an increase of 35% over the last 12 months. The figure is based on an appraisal carried out by property advisor and chartered surveyor DTZ.
-
PropertyEU Archive
Hypo completes EUR 58m financing for Dawnay, Day Carpathian
Hypo Real Estate Bank International has provided a EUR 57.7 mln facility for Dawnay, Day Carpathian for the acquisition of a portfolio of four properties in the Czech Republic and Hungary. The transaction was announced this week but closed on 3 October. The portfolio consists of a 22,000 m[sup]2[/sup] shopping ...
-
PropertyEU Archive
DTZ wins European office agency accolade
Property adviser DTZ has been named 'European Office Agency Team of the Year' at the European Property Awards held at the Expo Real trade fair in Munich last week. Other contenders for the award were Cushman & Wakefield, Jones Lang LaSalle, Knight Frank and Leimdorfer.
-
PropertyEU Archive
CBRE Investors acquire new office development in Paris
CB Richard Ellis Strategic Partners Europe Fund III has acquired a ground-up office development project in Marne la Vallee, to the east of Paris, for an undisclosed sum. The project, located in Noisy-le-Grand, was acquired from Les Nouveaux Constructeurs, and will be delivered by the end of 2009. The building ...
-
PropertyEU Archive
Corio adds to Turkish holdings
Corio has announced it is purchasing the Tekira shopping centre in the Western Turkish city of Tekirdag. The Amsterdam and Paris-listed retail property company said on Monday it had signed a forward purchase agreement to acquire Tekira on a let turnkey basis, with the total investment determined by the letting ...
-
PropertyEU Archive
AMB expands logistics portfolio in Rotterdam Port
AMB Property Europe BV, the Dutch-based affiliate of the American AMB Property Corporation, has added more than 13,000 m[sup]2[/sup] of distribution space to its holdings in Rotterdam Port. The transaction price for AMB Eemhaven Distribution Center 3 was not disclosed. The property is fully leased to a European logistics provider, ...
-
PropertyEU Archive
Two more Hermes funds join AREF
The Association of Real Estate Funds (AREF), a representative body in the UK for unlisted commercial real estate funds, has announced that two more funds have become members. They are specialist funds managed by Hermes Real Estate Investment Management, and have a combined net asset value (NAV) of EUR 1.13 ...
-
PropertyEU Archive
Mirland mulls bond issue
Mirland Development Corporation, a developer of residential and commercial property in Russia, has filed a draft prospectus with the Israeli Securities Authority as a preliminary step towards a possible bond issuance. The company indicated in a short statement that the details of the possible issuance had not yet been worked ...
-
PropertyEU Archive
Commerz Real clinches new deal in Milan
Commerz Real, the recently amalgamated property arm of Germany's Commerzbank, has purchased the Torre Alfa office property in Milan for one of its open-end public property funds, Hausinvest Europa. The company said it invested approximately EUR 83 mln in the ten-storey building that dates from 2003. The vendor of the ...
-
PropertyEU Archive
Nordic investors to double investments in Germany
Investors from the Nordic countries are expected to spend some EUR 4 bn on German property in 2007, almost double the amount invested in 2006, property magazine Immobilien Zeiitung reported on Monday, quoting leading Swedish law firm Mannheimer Swartling. Earlier this year, the firm put investment volumes for this year ...
-
PropertyEU Archive
Nanette purchases 45,000 m[sup]2[/sup] site in Zagreb
Amsterdam-based residential developer Nanette has signed a final agreement through subsidiaries to purchase 45,000 m[sup]2[/sup] in Laniste, a suburb in the Croatian capital Zagreb. Nanette plans to build 1,300 apartments, with a total developed area of 90,000 m[sup]2[/sup]. The investment volume will be about EUR 98 mln, and sales are ...
-
PropertyEU Archive
RBS to sell off another EUR 1.1 bn of UK property assets
The Royal Bank of Scotland (RBS) is planning to convert more of its UK property portfolio by selling another £800 mln (EUR 1.148 bn) of assets in a sale-and-lease-back deal. RBS has hired commercial property consultants Cushman & Wakefield to market a portfolio of 60 buildings, mainly its own offices, ...
-
PropertyEU Archive
Dutch group sells EUR 165m real estate
Dutch group Oranje Nassau has reached agreement with a consortium of real estate investors linked to White Estate and NIBC bank for the sale of shares in a vehicle that holds Oranje Nassau's property portfolio, according to Dutch trade press . The 67,000 m[sup]2[/sup] portfolio comprises office and industrial buildings ...
-
PropertyEU Archive
Teesland Advantage Property Income Trust's NAV falls in Q3
Listed UK commercial property investment company Teesland Advantage Property Income Trust (TAP) has reported that its net asset value (NAV) per ordinary share was 113.0 pence (EUR 1.62) as at 30 September, compared to 119.28 pence (EUR 1.71) at 30 June. The NAV figure incorporates the external portfolio valuation at ...
-
PropertyEU Archive
Multi to develop new EUR 300m mall in Rotterdam
Dutch real estate company Multi Vastgoed has announced that it is to develop a second underground shopping mall in Rotterdam in collaboration with ABN AMRO Bank. With an estimated investment value of EUR 300 mln, it will be the biggest inner-city redevelopment project in the Netherlands and Multi claims it ...
-
PropertyEU Archive
Prologis raises EUR 500m with bond issue
Prologis European Properties (PEPR) has raised EUR 500 million though an unsecured bond issue by Prologis International Funding, a fully-owned subsidiary of PEPR, in the Euro bond market. The issue, due 2014 is PERP's first issue of unsecured notes.
-
PropertyEU Archive
JER Partners acquires UK hotel portfolio
JER Partners, the private equity investment arm of real estate investors J.E. Robert Companies, has announced the acquisition of Morethanhotels for an undisclosed sum. Morethanhotels owns and manages a portfolio of 11 Express by Holiday Inn hotels. It also owns two development sites close to the Birmingham NEC exhibition centre ...
-
PropertyEU Archive
Unibail-Rodamco, ING agree interim deal on Zlote Tarasy
French-Dutch property giant Unibail-Rodamco has reached an interim settlement with ING Real Estate over a long-running conflict on the transfer of the ownership rights to Warsaw mall Zlote Tarasy. In a short statement released on Tuesday evening, the recently merged Unibail-Rodamco group said it will pre-pay ING Real Estate ...
-
PropertyEU Archive
Kenmore buys near Frankfurt
Kenmore's European Industrial Fund (KEIF), has acquired the European plant site and German headquarters of CompAir, a gas and air compression company, in Simmern, west of Frankfurt. KEIF paid UK commercial property investor London & Lothian EUR 14.2 mln for the property, reflecting a net initial yield of 7.02%. The ...
-
PropertyEU Archive
Carlyle buys mixed portfolio in Germany
Private equity firm Carlyle has bought a portfolio of 109 residential and 13 commercial buildings in Germany from subsidiaries of German brewer Radeberger groups. The purchase price was not disclosed.
