All Real Assets articles in Web Issue – Page 169
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PropertyEU Archive
ING RE buys Brussels office tower from Union Investment for EUR 142m
Dutch property giant ING Real Estate said on Thursday it had acquired the Bastion Tower in Brussels from Hamburg-based Union Investment Real Estate for EUR 142 mln. ING said the property was jointly acquired on a 50/50 basis by its ING Real Estate European Office Fund and the Australia-based ING ...
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PropertyEU Archive
JLL property index up 2.9% in Q3
The Jones Lang LaSalle overall property index was up 2.9% in the third quarter of 2007, slightly higher than the 2.7% booked in the second quarter. In the nine and twelve months to end-September, the index rose 8.7% and 14% respectively. Capital values increased by 1.9% in the third quarter ...
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PropertyEU Archive
JLL reports Q3 net of $46.5m, on 35% higher revenues
Property consultancy Jones Lang LaSalle on Thursday reported record third-quarter net
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PropertyEU Archive
SFL, IDF sell EUR 41m property in Paris
Societe Fonciere Lyonnaise (SFL) and IDF have sold a property at Avenue Kleber, in the XVI arrondissement of Paris, for EUR 41 mln. The building, acquired by UK firm Pembroke, provides some 3,400 m[sup]2[/sup] of office space leased mostly to Givaudan France, a leading company in the flavours and fragrance ...
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PropertyEU Archive
SGAM AI buys 53% stake in Tour de Lille
SGAM Alternative Investments, acting for its new SCPI Pierre Entreprise, has acquired a majority stake in the Tour de Lille for an undisclosed amount. The 120-metre high office tower has been bought from a property company managed by the Archon Group. This is the first acquisition made by SGAM AI ...
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PropertyEU Archive
Two famous architects choose Turin for Italy's highest towers
Two of Italy's most famous architects were in the northern Italian city of Turin this week to present their skyscraper projects for the city. Renzo Piano is proposing a 200-metre high tower which would be located in the city centre, next to the Porta Susa station. The project, destined ...
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PropertyEU Archive
Beni Stabili sells Rome asset
Italiian property giant Beni Stabili Gestioni has announced the sale of a real estate complex located in Rome. The transaction value comes to EUR 35 mln. The office property was owned by Beni Stabili's real estate fund Immobilium 2001. The company said that the sale yields capital gains of almost ...
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PropertyEU Archive
Eurohypo's CEO calls on banks to consider environmental criteria when financing real estate
Real estate banks should give even greater consideration to environmental protection and energy efficiency issues when financing commercial real estate, according to Eurohypo’s ceo Bernd Knobloch. Knobloch, who was speaking at the Building Eco Value conference in Berlin, claimed that ‘the ecological and economic pressure to consider questions of sustainability ...
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PropertyEU Archive
InBev completes Belgian-Dutch portfolio sale, sells German brewery portfolio
Belgian listed company InBev announced that it has completed the sale of a 90% interest in Immobrew, a subsidiary of InBev Belgium, to Cofinimmo. Immobrew owns 823 pubs in Belgium and 245 pubs in the Netherlands. The transaction value comes to EUR 419 mln, on a debt and cash ...
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PropertyEU Archive
Delta opens Belgrade’s biggest shopping centre
Serbian property firm Delta on Thursday opened the largest shopping centre in the Belgrade region of Serbia. The 87,000 m[sup]2[/sup] Delta City mall boasts major anchor tenants, including Zara, Marks & Spencer, Esprit, New Yorker, Bestseller and Sport Impuls. The mall also features a Maxi supermarket, a Ster Cineplex, a ...
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PropertyEU Archive
Metrovacesa unveils results of buyback tender
Metrovacesa said on Thursday that after the buyback tender ended on October 24, about 58.8% of its shareholders have decided to retain their Metrovacesa shares. Another 41.2% have decided to swap their Metrovacesa's shares for Gecina's, including Bautista Soler, Joaquín Rivero, Caja Castilla la Mancha, and Prasa.
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PropertyEU Archive
Pensus, Orchards form European property fund venture
European property investment and advisory company Pensus said Thursday it had formed a joint venture with Australian property fund manager Orchard Funds Management. The joint venture, Pensus Funds Management, will be headquartered in London and gives Orchard its first access to the European property market.
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PropertyEU Archive
Kiler Group unveils plans for Istanbul's new tower
Turkish property company Kiler Group announced on Thursday that it plans to develop a second skyscraper in Istanbul following its Sapphire tower in the city's Levent business district. The move is part of the company's two-year investment strategy aimed at investing $750 mln (EUR 520 mln) in construction projects, according ...
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PropertyEU Archive
Sponda snaps up St Petersburg property
Finnish commercial real estate company Sponda said on Thursday that it has bought an office property in St Petersburg for $ 11.5 mln (EUR 8 mln). The property is in a central location in the city's administrative district and comprises a total of 2,730 m[sup]2[/sup] of leasable office premises and ...
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PropertyEU Archive
Babcock & Brown gets EUR 124m Hypo Real Estate facility
Hypo Real Estate Bank International and Hypo Real Estate Bank have provided a EUR 124 mln facility to Babcock & Brown Group for the acquisition of a portfolio of six retail assets in Austria and Eastern Europe. The assets are part of a portfolio of 10 properties Babcock & Brown ...
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PropertyEU Archive
KBC Peel Hunt provides £247m funding to L&S
Investment bank KBC Peel Hunt has raised £247 mln for London & Stamford Property, a new property investment company that is listing on AIM this week. The bank said the listing will be one of the largest real estate flotations on London's equity markets so far this year, despite the ...
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PropertyEU Archive
Targetfollow secures £454m financing with Bank of Scotland
Privately-owned property company Targetfollow Group said on Friday that it has secured a deal with Bank of Scotland Corporate worth £454 mln (EUR 653 mln). The deal involves the funding of a portfolio of 10 UK-based properties across the cities of London, Birmingham, Norwich and Stockport.
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PropertyEU Archive
ANF completes EUR 471m acquisition of B&B hotel premises
French real estate investment company ANF has completed the EUR 471 mln acquisition of 159 hotels from B&B, France's third largest budget hotel group. B&B will continue to manage the hotels after signing a 'triple net' lease for an initial global rent of EUR 27.3 mln. Leases are for ...
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PropertyEU Archive
Aldar & Al Maabar JV launch Abu Dhabi Plaza
Abu Dhabi-based property developer Aldar Properties and a joint venture in which it participates known as Al Maabar have launched their Abu Dhabi Plaza development project in Astana, Kazakhstan.
