All Real Assets articles in Web Issue – Page 177
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PropertyEU Archive
Forum Coimbra, retailers win MAPIC Awards 2007
Forum Coimbra, the shopping mall developed by Multi Development Portugal and Promotora Imobiliaria in Coimbra, Portugal has won the Mapic shopping centre award for 2007. The category for shopping centres was introduced for the first time this year.
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PropertyEU Archive
CEE will show best retail returns in 2008, says ING RE
ING Real Estate expects to see the best retail returns for 2008 in Central and Eastern European shopping centres, with strong rental growth likely to continue in France, Sweden and Finland. Good rental performance is also expected in the Netherlands, Italy and Germany, the real estate giant said in its ...
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PropertyEU Archive
3i mulls stake in Dutch developer TCN
UK buy-out firm 3i is in talks to acquire a substantial stake in Dutch property company TCN Property Projects, according to a report in financial newspaper Financieele Dagblad. TCN confirmed on Friday the media reports to PropertyEU's sister publication PropertyNL.
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PropertyEU Archive
Continental European retail deals in Q3 total EUR 7 bn
The volume of retail transactions in continental Europe in the third quarter of 2007 stood at EUR 7 bn, according to figures from Jones Lang LaSalle released at MAPIC. Although the third-quarter figure was slightly down from the previous three month period, Jones Lang LaSalle noted it still represents ...
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PropertyEU Archive
Greene King buys New Century Inns for £33m
UK pub chain Greene King has bought New Century Inns (NCI) for about £33 mln (EUR 45 mln) including debt. The company said that the acquisition is part of a move to strengthen its position in the North and North East of England.
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PropertyEU Archive
Realia sells another 5% of SIIC for EUR 36m
Spain's real estate company Realia, a joint venture between Fomento de Construcciones y Contratas (FCC) and Caja Madrid, is selling 5% of its French unit Sociedad SIIC to Dos Mil Doscientos Uno, for EUR 36 mln. The stake is being sold at a price of EUR 366 per share, which ...
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PropertyEU Archive
Unibail-Rodamco holds 98.4% of Rodamco Europe
Franco-Dutch property giant Unibail-Rodamco said on Thursday that it has purchased a further 2,342,314 Rodamco Europe shares at an average price of EUR 96. This takes Unibail-Rodamco's stake in Rodamco to 98.4%.
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PropertyEU Archive
Degi sells EUR 600 mln German portfolio to Oaktree
German property fund company Degi Deutsche Gesellschaft fur Immobilienfonds has sold a portfolio of 12 properties in its home market to companies or funds managed by US private equity firm Oaktree Capital Management.
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PropertyEU Archive
Unibail-Rodamco to accelerate greenfield projects
Unibail-Rodamco, Europe's largest listed real estate company, aims to develop retail greenfield projects, Chief Operating Officer Michel Dessolain said in an interview with PropertyEU at the Mapic retail fair in Cannes. Current new retail project represent a pipeline of 1.1 mln m[sup]2[/sup] including expansions and new developments, Dessolain added.
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PropertyEU Archive
Redevco acquires Generali complex in Vienna
Redevco Central Europe is buying the Generali Center on Vienna's Mariahilfer Straße from insurer Generali Versicherung. The shopping and office centre, built in 1977 in a prime Viennese shopping location, comprises almost 5,000 m[sup]2[/sup] of sales area and over 8,900 m[sup]2[/sup] of office space. A car park offering 220 ...
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PropertyEU Archive
Rynda acquires Unick portfolio
Real estate investment company Rynda Property Investors announced on Thursday that its French fund Rynda en Primeur has completed the purchase of the Unick portfolio for little over EUR 34 mln. The portfolio comprises 13 buildings of which 10 are located in major regional cities and three are in or ...
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PropertyEU Archive
Amsterdam's GETZ Centre wins MAPIC retail award
Amsterdam's GETZ Entertainment Centre project has emerged as the winner of the leisure category award of the EG Retail and Future Projects Awards 2007 issued at MAPIC.
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PropertyEU Archive
Plaza Centers opens Arena Plaza in Budapest
Israeli retail property developer Plaza Centers said Thursday it had opened the Arena Plaza shopping centre in Budapest. Areana Plaza is Hungary's largest shopping centre, with 66,000 m[sup]2[/sup] of lettable space, 220 retail units and 2,800 parking spaces. The shopping centre is already fully let. The anchor tenants include Tesco, ...
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PropertyEU Archive
Fonciere Atland shops in Toulouse
Euronext-listed Fonciere Atland has reached an agreement for the acquisition of seven offices for EUR 31 mln, excluding tax. The assets are being sold by Midi Fonciere, a subsidiary of Caisse d'Epargne Midi Pyrénées. They include a total area of 17,100 m[sup]2[/sup] of offices and about 8,700 m[sup]2[/sup] of ...
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PropertyEU Archive
STE sees Viseo building fully let by year-end
French SIIC Société de la Tour Eiffel (STE) said last week that developer Cibex has delivered its 11,800 m[sup]2[/sup] Viseo office complex. The building, which is located in Montbonnot, a decentralized science park north of Grenoble, will now be occupied by Schneider Electric Industries, Eaton, Thales and Tiempo. Some 55% ...
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PropertyEU Archive
ICSC pushes Europe-wide standard for sustainable buildings
The International Council of Shopping Centers (ISCS) has called for the development and adoption of a Europe-wide BREEAM standard for the sustainable assessment of buildings in the wake of the European Commission's push for improved energy efficiency in buildings.
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PropertyEU Archive
ING tipped to buy two Italian malls
ING is close to acquiring two shopping centres in Italy, newspaper Quotidiano Immobiliare reported last week. The Dutch financial giant is reportedly competing with Henderson for the two retail properties. The assets are being sold by a real estate fund owned by Schroders. They include 'Le Vele', the largest shopping ...
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PropertyEU Archive
JLL buys UK sustainability specialist
Jones Lang LaSalle announced on Friday the acquisition of Upstream, the UK's leading real estate sustainability services practice. The 30-strong London-based Upstream team already counts among its clients a significant and growing portion of the UK's leading occupiers, developers and investors.
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PropertyEU Archive
Dutch pension funds discuss merger
ABP, the largest pension fund in the Netherlands, is holding exploratory talks with Dutch pension fund Cordares about a merger that would result in one of the world's largest collective schemes managing EUR 245 bn for almost four million members.
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PropertyEU Archive
Hilton Garden Inn expands in Russia
Hilton Garden Inn announced on Friday that it has signed its first hotel agreement to launch the brand in the Russian city of Perm. The company will transform the existing Plaza Olympia hotel in the city to the new Hilton Garden Inn Perm which is scheduled to open ...
