All Real Assets articles in Web Issue – Page 182
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PropertyEU Archive
Hansteen acquires nine properties in Germany and Netherlands
Hansteen, the London-listed investor in industrial properties in Continental Europe, has bought nine assets in Germany and the Netherlands for a total of EUR 53 mln. The properties generate an annual rental income of EUR 4.1 mln, reflecting an initial yield of 5.6%.
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PropertyEU Archive
NEPR sells in Sweden to help fund Russian acquisitions
Northern European Properties (NEPR) has reached a preliminary agreement to sell a portfolio of 14 properties in Sweden to Stockholm-based real estate company Kungsleden for EUR 322 mln. NEPR said the proceeds will be used to partially fund four acquisitions carried out in Russia last June. The transaction price reflected ...
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PropertyEU Archive
Savills announces lettings in Hamburg
Savills said on Tuesday that it has secured just over 3,000 m[sup]2[/sup] of office space in Hamburg over the last six months for clients: SoftM Software und Beratung Hamburg, HTP Hochtief Projektentwicklung Hamburg, 2 do Werbeagentur and the football club FC St Pauli.
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PropertyEU Archive
Corio keeps pace with Turkish retail boom
Dutch-based property investor Corio has firmly established itself as one of the leading foreign movers in Turkey's booming retail market with the acquisition in November of Bursa shopping centre. The deal was Corio's eighth acquisition in Turkey this year.
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PropertyEU Archive
Inrev launches directory for non-listed fund of funds
The European Association for Investors in Non-listed Real Estate vehicles (Inrev) has launched a funds of funds directory which it says will provide a comprehensive overview of the 'rapidly evolving sector of the non-listed property vehicles investment world' for the first time. Access to the online database is restricted to ...
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PropertyEU Archive
Quinlan-Delek group disposes of five 'non-core' Marriott hotels
The joint venture that acquired 47 Marriott Hotels in the UK for EUR 1.6 bn in April has sold five 'non-core' hotels in the portfolio for £69 mln (EUR 96 mln). The hotels sold off are in Derby, Sheffield, Solihull, Grantham and Inverness. The sale was disclosed in the third ...
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PropertyEU Archive
Heathrow most expensive industrial location - King Sturge
London Heathrow, the largest freight airport in the UK, remains the most expensive industrial location in Europe for occupiers, with prime off-airport rents now at EUR 238 m[sup]2[/sup] per year, according to King Sturge's Airport Property Market survey for 2008. Improved economic and occupier outlook across Europe, combined with a ...
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PropertyEU Archive
Prime office rates stabilise in Zagreb
Rents for prime office space in the Croatian capital Zagreb have stabilised at EUR 14-17 per square metre following a period of downward pressure caused by a massive increase in supply, new research by property advisor Colliers International Croatia has found.
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PropertyEU Archive
Patrizia spends EUR 200m on German real estate
Listed property company Patrizia has acquired residential and commercial properties in Germany for EUR 200 mln on behalf of its Patroffice co-investment joint venture with the Dutch pension fund ABP and the real estate unit of Denmark's ATP pension company.
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PropertyEU Archive
Goodman creates EUR 950m European logstics fund
Australian property group Goodman has merged its Celogix Property Fund into the Goodman European Logistics Fund (GELF) to create one of the largest logistics fund in Europe. The combined fund has 45 logistics assets in nine European countries and a gross value of EUR 950 mln.
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PropertyEU Archive
ING Real Estate acquires North Port Mall in Yokohama City.
ING Real Estate has added to its Asian Retail Fund with the purchase of the 56,300 m[sup]2[/sup] North Port Mall in Yokohama City. The nine-storey, fully-let shopping centre opened last April and was acquired from a special purpose company operated by a real estate fund operator. The financial details were ...
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PropertyEU Archive
Aedes fund acquires healthcare property in Milan
Investietico, a closed-end property fund managed by Italian listed real estate company Aedes, is acquiring a 10,000 m[sup]2[/sup] healthcare property in Milan for EUR 24.5 mln. The purchase of the property from Polo Geriatrico Riabilitativo of Milan is scheduled for completion in January 2008.
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PropertyEU Archive
Commerz Real makes first acquisition in South Korea
Commerz Real, the German property asset manager, has purchased the Choongmuro Tower in the South Korean capital Seoul for its open-end real estate fund Hausinvest Global. The purchase from Movie ABS, a subsidiary of Merrill Lynch, was the first by Commerz real in South Korea. The financial details were not ...
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PropertyEU Archive
GPT Halverton purchases office building in Berlin
GPT Halverton has acquired an office complex in Berlin for its H2O fund from Hippon Verwaltungsgesellschaft, a joint venture of IVG Development and Provinzial Versicherung. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Cofinimmo buys office building in Brussels
Belgian listed property company Cofinimmo has acquired an 8,000 m[sup]2[/sup] office building in Brussels for EUR 14 mln. The four-storey property at Boulevard de la Woluwe 102 was previously occupied by Hewlett Packard but is now vacant. Confinimmo said the property would be entirely renovated, taking into account the possible ...
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PropertyEU Archive
Quintain, Lend Lease plan new business district in London
British property company Quintain and Australian-listed Lend Lease have announced the launch of a new business district at London's Greenwich Peninsula. The cornerstone to the scheme is the agreement with Transport for London to take a 20-year lease on 12,500 m[sup]2[/sup] of space in the new Peninsula Central business district.
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PropertyEU Archive
Top rents in London's West End surpass City
Top prime rents in the London's West End core business district are nearly double those in the City of London - the largest ever disparity between the two main markets in the British capital, research by property advisor CB Richard Ellis has established.
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PropertyEU Archive
Trump's £1 bn masterplan rejected
Donald Trump's masterplan for a £1 bn (EUR 1.4 bn) golf resort in Aberdeen, Scotland, has been rejected by Aberdeenshire councillors, according to BBC News. Last week, the American billionaire's controversial project received outline planning approval from a first committee of the Aberdeenshire council, but on Thursday it was rejected ...
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PropertyEU Archive
French state sells Paris property for EUR 142m
The French government announced on Thursday that it has sold the 7,000 m[sup]2[/sup] Montesquieu property in the seventh arrondissement of Paris for EUR 142 mln. The building, which currently houses the French foreign aid ministry, has been sold to a French unit of a Russian company listed in London and ...
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PropertyEU Archive
IVG buys Clearstream HQ in Luxembourg for EUR 350m
German property company IVG Immobilien is buying the Luxembourg headquarters of Clearstream International, Deutsche Boerse Group's securities settlement and custody provider, for EUR 350 mln. The complex in the Kirchberg area of Luxembourg City comprises four buildings, and Clearstream is to lease back the two it is using. Deutsche Boerse, ...
