All Real Assets articles in Web Issue – Page 163
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PropertyEU Archive
Gecina acquires logistics warehouse in southern France
French real estate player Gecina has added a 31,000 m[sup]2[/sup] logistics warehouse to its portfolio. Located in the Ecopôle logistics park in Saint-Martin de Crau, southern France, the warehouse strengthens the company’s position on the strategic Lille-Paris-Lyons-Marseille route. Carried out as a sale-and-leaseback operation with Maisons du Monde, the property ...
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PropertyEU Archive
Beni Stabili approves share buy-back plan
Italy's Beni Stabili said on Wednesday that its board has approved a EUR 220 mln buy-back programme of the company's own shares. The Italian real estate group plans to purchase up to 191 million of its own shares in the coming 18 months. The company will buy back shares when ...
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PropertyEU Archive
Avans leases space in Galeria Podlaska
Poland's largest electronics chain, Avans, has signed an agreement with Quinlan Private Golub to lease approximately 730 m[sup]2[/sup] of retail space in Bialystok's Galeria Podlaska. The new shop will be Avans' fourth in the city and its biggest so far. The chain has over 600 shops throughout the country. Avans ...
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PropertyEU Archive
Bothwell Bridge Business Park to begin new phase
Jones Lang LaSalle (JLL) has confirmed the intentions of Bothwell Bridge Estates Limited in the UK to add 12,000 m[sup]2[/sup] of high-quality office space to the development. The office development's second phase will include the construction of four office pavillions. The two-storey office suites will range in size from 254 ...
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PropertyEU Archive
Cofinimmo buys Belgian tennis club operator
Cofinimmo has acquired 98% of the shares of La Rasante Tennis Club SA, a 100% subsidiary of the Aspria Group, for EUR 34.8 mln. La Rasante owns the Royal La Rasante sports club in the Brussels municipality of Woluwe-Saint-Lambert, which comprises 11,481m[sup]2[/sup] of built surface, including 4,442 m[sup]2[/sup] of parking. ...
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PropertyEU Archive
Rutley European Property buys European portfolio
Germany's Apo Immobilien KAG (Aik) has sold a real estate portfolio comprising 19 commercial properties located in eight major city centres in Germany, France and the Netherlands to the British group Rutley European Property. The assets are mostly offices and retail units with a total area of 79,000 m[sup]2[/sup].
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PropertyEU Archive
ING RE poaches COO from Morgan Stanley
ING Real Estate announced on Thursday that Dawn Prideaux de Lacy has been appointed to the new position of Chief Operations Officer (COO) for ING Real Estate Investment Management, effective 29 October 2007.
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PropertyEU Archive
Kungsleden invests in retirement homes in Germany
Swedish listed property company Kungsleden AB has signed an agreement with Merkur Development of Germany for the construction of five retirement homes in Germany. The total investment will amount to about SEK 519 mln (EUR 57 mln) including transaction costs, with the property yield estimated at 6.75%.
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PropertyEU Archive
Mundicenter opens new mall in Torres Vedras
Portuguese retail group Mundicenter said that its new Arena shopping centre opened its doors this week in Torres Vedras. The company spent more than EUR 42 mln to develop the three-storey mall. The Arena centre provides about 90 retail units, 15 restaurants, a health club as well a five-screen cinema ...
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PropertyEU Archive
Carrefour set to sell 11 hypermarkets in southern Italy
French grocery retailer Carrefour plans to sell 11 hypermarkets and real estate assets in southern Italy, as well as 17 cash & carry centres in northern Italy, according to an article in the financial paper Il Sole 24 Ore. The deal is said to be worth more than EUR 1 ...
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PropertyEU Archive
Euronext-listed Yatra Capital raises EUR120m in new share offering
Euronext listed and India-focused property group Yatra Capital said it has raised EUR 120 mln in an offering of new shares.
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PropertyEU Archive
IPD funds index post worst performance since 1992
UK pooled property funds booked their worst performance since September 1992 in the third quarter of 2007. The IPD' s All Pooled Funds Index shows that the funds returned a negative 1.3% in the quarter ending 30 September. This compares with a 2.0% return in the second quarter of 2007 ...
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PropertyEU Archive
Italian REITs seen trading on exchange by spring 2008
Italy's own version of real estate investment trusts (REITs) are expected to begin trading on the Milan stock exchange in spring 2008, Luca Lombardo, the head of the small and mid-caps market of the exchange, said in an interview with Italian financial newspaper Finanza & Mercati.
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PropertyEU Archive
Sacresa transfers 7 malls and 5 hotels to Metrovacesa
Spain's Sacresa, the investment vehicle of the Sanahuja family, has transferred seven shopping centres and five hotels to the property major Metrovacesa, according to an article published in the Spanish paper Cinco Dias. The transferral is part of the separation process of the company's Spanish and French business agreed by ...
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PropertyEU Archive
Strabag starts trading in Vienna at EUR 50 per share
Austrian construction company Strabag started trading on Friday on the Vienna stock exchange at EUR 50 per share. On Thursday, the company set the final price of its initial public offering (IPO) at EUR 47, the top end of the EUR 42-48 price range announced last week. The Austrian builder ...
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PropertyEU Archive
Casino announces EUR 650m property disposals
French retail company Casino plans to unlock the capital tied up in its food store properties that no longer offer strong development potential. The move, which marks a new phase in Casino's property management strategy, is aimed at funding projects in France and abroad. The company said that it will ...
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PropertyEU Archive
Mercialys set to acquire five shopping centers
France's Mercialys said on Friday that its board has agreed to acquire five shopping centres located on La Réunion Island, near Madagascar, from Vindemia, a wholly-owned subsidiary of the Casino Group. The malls comprise 127 shops and mid-sized specialty stores, representing a total surface of 28,700 m[sup]2[/sup] and gross rental ...
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PropertyEU Archive
Jeremy Helsby replaces Aubrey Adams at Savills' helm
The board of real estate advisor Savills announced on Thursday the retirement of its CEO Aubrey Adams and the appointment of Jeremy Helsby as its new group chief executive. The appointment becomes effective on 7 May 2008.
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PropertyEU Archive
Iceland's Baugur reportedly eyeing Saks
A consortium led by Icelandic investor Baugur is considering a $3 bn (EUR 2.1 bn) offer for US upscale department store chain Saks, UK newspaper The Times reported Friday.
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PropertyEU Archive
Blackrock-led joint venture buys Scottish site
Irish property investor Blackrock International Land said it has entered a joint venture to buy about 300 acres of farm land on the south side of Edinburgh for an initial EUR 7 mln.
