All Real Assets articles in Web Issue – Page 164
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PropertyEU Archive
CAAM RE shops in Hauts-de-Seine
Crédit Agricole Asset Management Real Estate (CAAM RE), on behalf of SCPI Edissimmo, has acquired the headquarters of LeasePlan in Hauts-de-Seine, near Paris. The building offers some 17,000 m[sup]2[/sup] of office space. It was sold by the German company Bankhaus Wölbern for about EUR 81 mln, excluding taxes, according ...
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PropertyEU Archive
GE debuts in Russian property market with investment in new fund
Property firm GE Real Estate said it has made a $50 mln (EUR 35 mln) investment in Heitman Russia Property Partners, a new fund that will have $150 mln in equity. Along with GE Real Estate and two other institutional investors, fund manager Heitman is also taking a sponsor equity ...
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PropertyEU Archive
Peel starts development of Ramada hotel
UK's Peel Holdings announced last week that construction work has commenced on a new 103-bed Ramada Encore hotel, part of its Robin Hood business park at the Doncaster-Sheffield airport.
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PropertyEU Archive
Pantheon in jv with Kenmore, Revcap for retail outlet in France
French outlet specialist Pantheon Retail has signed a joint venture agreement with UK property companies Kenmore and Revcap for the development of the new 'Parc du Cubzac' retail outlet in Gironde, southern France.
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PropertyEU Archive
King Sturge sees opportunities in Polish office markets
Property consultant King Sturge believes that regional office markets in Poland offer 'excellent' opportunities for occupiers, developers, investors and lenders. In an overview of Poland´s regional office markets, the consultant notes that, generally speaking, larger regional capitals have become accessible and offer great prospects for economic growth. This is seen ...
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PropertyEU Archive
France sees EUR 21bn invested in the year-to-date, CBRE report
About EUR 21.5 bn were invested in France during the first nine months of 2007, surpassing the EUR 18.5 bn of investment registered in the same period last year, according to the new Market View report published by CB Richard Ellis. Offices are still the most sought-after type of products ...
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PropertyEU Archive
Blackstone buys 46 hotels across Europe
US private equity firm Blackstone is reportedly buying a portfolio of 46 hotels across Europe for EUR 620 mln. According to a report in the Italian financial newspaper Il Sole 24 Ore, the US company acquired the hotels in a bidding contest organised by Goldman Sachs' Whitehall funds and the ...
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PropertyEU Archive
Workspace gets go-ahead for £ 85m JV project
Workspace Group said that it has received planning permission from Wandsworth Borough Council for its £ 85 mln (EUR 121 mln) development in a joint venture with Glebe. The two partners plan to regenerate the existing Wandsworth Business Village in south west London, transforming it into a new business centre. ...
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PropertyEU Archive
DDC acquires another Romanian development site
Dawnay, Day Carpathian (DDC), the UK-based retail property investor focused on Central and Eastern Europe, has announced the acquisition of another multi-purpose development site in Romania. Valued at over EUR 9.5 mln, the acquisition is the last of the four Romanian deals DDC had in its pipeline at the time ...
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PropertyEU Archive
AFI adds to its development projects in Russia
AFI Development, the real estate developer focused on Russian property, has announced acquisitions to add to the value of three of its major schemes. For its Tverskaya Zastava redevelopment project in central Moscow, it has paid $82.88 mln (EUR 58 mln) to increase its stake in the holding company of ...
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PropertyEU Archive
Alpha Beta launches first residential index fund
Alpha Beta Fund Management is launching the first UK Residential Index fund (UKRIF) for institutional investors in December. The fund is based on the Halifax House Price Index and gives pension funds, funds of funds managers and other investors access to Europe's single largest investment asset class, according to ABFM ...
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PropertyEU Archive
AMB Property buys distribution centres in Amsterdam
US giant AMB Property has acquired two connected distribution centres in the south-eastern part of Amsterdam. The financial details were not disclosed. The largest site provides an area of 18,500 m[sup]2[/sup] and has been bought from DHL. The smallest centre covers some 7,500 m[sup]2[/sup] and has been sold by Wereldhave. ...
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PropertyEU Archive
Natixis buys industrial assets in Germany
Natixis Capital Partners announced on Monday that it has bought three German industrial real estate sites in the western German city of Neuss from the automotive company Pierburg. The financial details were not disclosed. The properties provide a total lettable area of about 80,000 m[sup]2[/sup] and are earmarked for Naxitis' ...
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PropertyEU Archive
Russia leads European shopping centre boom
A record 11.4 million m[sup]2[/sup] of new retail space is due to open in Europe next year, 38% up on the 2007 level, property advisor Cushman & Wakefield (C&W) has said in its latest European Shopping Centres Report. Russia tops the ranking for new shopping centre space by a wide ...
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PropertyEU Archive
Colliers predicts increased office development in Minsk
The new Belarus office of real estate consultant Colliers International expects the construction of Class A office space to double to 52,000 m[sup]2[/sup] in the capital Minsk next year. Collier's market overview also forecasts that construction of Class B and C offices is to increase from 20,800 m[sup]2[/sup] this year ...
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PropertyEU Archive
Irish retail property market to get more competitive
The Irish retail sector continues to perform strongly but conditions are becoming more competitive, according to CBRE's Irish Retail Market Bulletin for the third quarter of 2007. The property advisor notes that impressive consumer spending was recorded in the first half of the year, with Irish retail sales growing at ...
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PropertyEU Archive
C&W secures two tenants for Kutuzoff Tower
Cushman & Wakefield Stiles & Riabokobylko has announced that it has secured OOO Coca-Cola Soft Drink Consulting and the Hungarian pharmaceutical company Egis as tenants at Kutuzoff Tower in Moscow. The tower is a 20-storey Class-A office development of almost 31,500 m[sup]2[/sup] of rentable office space. The project is ...
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PropertyEU Archive
Sonae Sierra, the Mall Group inaugurate El Rosal mall
Sonae Sierra and the Mall Group inaugurated El Rosal shopping and leisure centre in Spain on Monday. The development located in Ponferrada in the province of Leon represents an investment of EUR 111 mln. The mall opens its doors to the public on 23 October.
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PropertyEU Archive
Gecina invests in student residences
Listed French real estate firm Gecina has acquired a portfolio of student residential properties in Bordeaux and the nearby towns of Talence and Pessac for EUR 28.5 mln. Close to two major university centres, the portfolio comprises a total of 473 housing units, with 9,740 m[sup]2[/sup] of living space, 933 ...
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PropertyEU Archive
Melina to build 12 shopping centres in Bulgaria
Israeli company Melina has announced plans to invest up to EUR 150 mln in a chain of out-of-town shopping malls in Bulgaria over the next three years.
