All Real Assets articles in Web Issue – Page 178
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PropertyEU Archive
Turkish retail sector remains strong, says Jones Lang La Salle
Turkey's retail sector continues to be the country's strongest property investment sector, with about EUR 370 mln in transactions completed thus far in 2007, according to Jones Lang LaSalle's latest Turkish Shopping Centre Market Update, released at the Mapic retail fair in Cannes this week.
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PropertyEU Archive
Philips pension fund centre of corruption probe
Philips Real Estate Investment Management, part of the Dutch electronic giant's pension fund, is at the centre of a major investigation into corruption and bribery in the Dutch property investment sector, it emerged last week. The company itself is not under suspicion, but a current and former employee have been ...
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PropertyEU Archive
Travelodge to open 100 hotels in Spain
UK hotel company Travelodge said on Monday that it plans to invest EUR 1 bn in expanding its operations in Spain. The company will open 100 hotels in the country by 2020, representing the budget chain's first major move into
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PropertyEU Archive
Top five deals (12-16 November 2007)
Oaktree Capital Management's acquisition of a German portfolio for EUR 600 mln leads the PropertyEU ranking of the top five European real estate deals for Week 46 (12 to 16 November 2007).
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PropertyEU Archive
Dynamique buys 19 Bonsai Hotels
Dynamique Hôtels, a hotel investment company founded by CBRE Investors, has acquired a portfolio of 19 Bonsai Hotel sites providing about 1,000 rooms. The financial details were not disclosed. The hotels are located in the French cities of Avignon, Belfort, Caen, Calais, Cergy, Cherbourg, Colmar, Dijon, Martigues, Marseille, Vitrolles, Metz, ...
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PropertyEU Archive
ICSC Europe announces finalists for 2008 Shopping Centre Awards
The International Council of Shopping Centers Europe (ICSC Europe) has released the list of finalists for the 2008 European Shopping Centre Awards. ICSC Europe, which presents awards every year to the best new and refurbished or extended retail developments in Europe, said that 22 shopping centres from 11 countries made ...
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PropertyEU Archive
Prupim enters Belgian market with EUR 40m acquisition
British real estate investment manager Prupim has acquired the long leasehold interest in the Woluwe Atrium office property in Brussels on behalf of the M&G European Property Fund. The purchase of the office complex from Belgian-Dutch financial services group Fortis for EUR 39 mln reflects a yield of about 5.7%. ...
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PropertyEU Archive
CA Immo to buy back 5% stake in its international unit
CA Immobilien Anlagen said on Monday that it intends to boost its stake in CA Immo International to up to 56% from the current 51%. The company will take advantage of the current 'extremely low price' of CA Immo International's shares, which is around 20% below net asset value (NAV). ...
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PropertyEU Archive
Miller shareholders plan to sell up to 60%
A group of shareholders in the Miller Group plans to sell its shares in the UK builder, media sources reported on Monday. The shareholders, who account for 60% of the company's share capital, have hired accountants Ernst & Young to carry out a strategic review of their holding.
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PropertyEU Archive
Icade wins EUR 70m medical centre contract
French developer Icade has won a new private-public partnership contract for the construction, maintenance and financing of a new 31,000 m[sup]2[/sup] medical centre on the Brabois site in Nancy, northeastern France. The company was awarded the 32-year contract by the CHU of Nancy, a network of 14 medical clinics chaired ...
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PropertyEU Archive
ING RE acquires shopping centre in Belgium
ING RE announced on Monday that it has acquired the Warande shopping centre in Beveren, Belgium for about EUR 38 mln. The Warande project is located in the centre of Beveren, near Antwerp and is a 10,000 m[sup]2[/sup] mixed-use, inner-city project including retail and residential units as well as ...
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PropertyEU Archive
DIC plans capital increase to benefit from German market revival
German real estate investor DIC Asset said on Monday that it plans to launch a capital increase to fund further growth. The company will issue more than 2.8 million new shares at a price of EUR 21.90 each, near to last Friday's closing price of EUR 21.94. The proceeds of ...
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PropertyEU Archive
Vastned Retail opens books to potential bidders
Dutch listed retail property fund Vastned Retail is to give potential bidders access to its books to carry out a due diligence investigation. 'The board of management and the supervisory board feel that the interests of all the shareholders to realise the highest offer possible is best served by this ...
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PropertyEU Archive
GPT Halverton buys building in Waalwijk
GPT Halverton, on behalf of its fund Dutch Active Fund PropCo, has bought an office and corporate building located in Waalwijk, the Netherlands, from a private investor. The financial details of this transaction have not been disclosed.
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PropertyEU Archive
JLL's Investor Property Management unit sees strong increase
The Investor Property Management unit of Jones Lang LaSalle (JLL) increased its portfolio by 205,000 m[sup]2[/sup] in the month of October, the real estate advisor said on Monday. Investor Property Management (IPM) has added 29 office and corporate buildings located in the Netherlands to its portfolio. The properties, generating an ...
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PropertyEU Archive
Martinsa Fadesa set to sell EUR 1 bn of land
Martinsa Fadesa CEO Carlos Vela said on Monday that the Spanish property group is in talks with seven international real estate funds to sell land worth about EUR 1 bn. The proceeds from the sale will be used to reduce the company's debt, which stands at EUR 2.5 bn according ...
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PropertyEU Archive
Klemurs to acquire 112 retail outlets for EUR 153m
French property company Klemurs, part of the Klepierre group, has reached agreement with Fonciere Montel on the acquisition of 112 retail outlets for an estimated EUR 153 mln. The retail properties are operated by the Defi Mode chain and other nationwide brands and are either owned outright or held under ...
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PropertyEU Archive
WDP to redevelop logistics site, reports nine-month operating profit of EUR 19m
Closed-end real estate fund Warehouses De Pauw (WDP) said it is purchasing a 50,000 m[sup]2[/sup] site in Venlo, a logistics hotspot in the Netherlands. The company will be redeveloping the site, which is currently home to cable producer Belden's EMEA head office. Belden is to rearrange its activities and will ...
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PropertyEU Archive
Henderson's retail fund raises EUR 280m in 2nd closing
Asset manager Henderson Global Investors has announced that the second closing of Herald, its pan-European retail property fund, raised EUR 280 mln in additional equity. The fund has so far raised over EUR 700 mln of equity and should reach a fully invested fund size of about EUR 1.5 bn.
