All Real Assets articles in Web Issue – Page 185
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PropertyEU Archive
Town Centre Securities sells retail properties for £30m
Town Centre Securities, the Leeds-based property investment and development company, is selling retail properties at The Malthouse and Fisherton Street in Salisbury along with development property in West Yorkshire to retailer Sainsbury's for a total of EUR 42 mln. The deal represents a net initial yield of 5.2%.
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PropertyEU Archive
Deutsche Bahn to sell 490 properties
Deutsche Bahn announced on Tuesday that it is selling 490 train station buildings to a consortium consisting of London-based Patron Capital and Hamburg property firm Procom Invest. No financial details were disclosed.
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PropertyEU Archive
Ablon clinches hotel management deal with Marriott
Guernsey-registered Ablon Group has agreed a 30-year management contract with hotel operator Marriott International for Ablon's Blaha Center hotel development in central Budapest.
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PropertyEU Archive
AXA fund acquires office park in Eschborn
AXA Investment Managers Deutschland, on behalf of its AXA Immosolutions fund, has acquired the Taunus office park in Eschborn on the outskirts of Frankfurt from a joint venture between German bank BayernLB and the Kehrer family . The financial details of the transaction were not disclosed. The building provides some ...
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PropertyEU Archive
Skanska to build shopping centre in Norway
The Norwegian unit of construction giant Skanska has been awarded the contract to build one of Norway's largest shopping centres, Amfi Steinkjer, on the outskirts of the city of Trondheim. The contract with by Amfi Bygg Steinkjer and Coop Steinkjer amounts to EUR 50 mln.
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PropertyEU Archive
Grosvenor, Capmark JV shops in Paris
UK property company Grosvenor and global financial services firm Capmark Investments have jointly acquired two landmark office buildings in the 17th arrondissement of Paris from Deutsche Bank's real estate unit RREEF. Developed in 2000 by Capital & Continental, the properties, Colisée III and IV, provide a total of 23,000 m[sup]2[/sup] ...
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PropertyEU Archive
Corio names new CEO
Dutch listed property company Corio announced on Tuesday that Gerard Groener will succeed Jan de Kreij as CEO on 1 May 2008. De Kreij, who is 65 years old, has led the company since May 2004.
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PropertyEU Archive
Italian company snaps up Villa d'Este
Italian real estate company Finanziaria Lago has acquired a 65% stake in the landmark Gran Hotel Villa d'Este on Lake Como in Northern Italy for a total of EUR 260 mln. The 101,000 m[sup]2[/sup] luxury complex, comprising a hotel and two private villas, was sold by Finanziaria Regina, owner of ...
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PropertyEU Archive
OCE divests Dutch HQ in sale and leaseback
The Dutch division of office products company OCE has divested its headquarters in the city of Den Bosch to NW Office Fund I in a sale-and-leaseback transaction. The property provides a total lettable area of 10,630 m[sup]2[/sup] and was renovated in 2005. The financial details of the transaction were not ...
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PropertyEU Archive
Teesland recommends Valad's offer
Property fund manager Teesland has agreed to a £1.91 per share offer from Australian peer Valad for the remaining 28% of Teesland that Valad does not already own. The offer values Teesland at £240 mln (EUR 337 mln).
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PropertyEU Archive
Gecimed acquires 12,000m[sup]2[/sup] clinic in Carcassonne
Gecimed, the French listed healthcare real estate company, has purchased the Montral polyclinic property in the French city of Carcassonne from Médi-Partenaires for an undisclosed sum. The third largest private medical operator in the French market, Médi-Partenaires specialises in operating medicine, surgery and obstetrics healthcare facilities. The company has a ...
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PropertyEU Archive
CA Immobilien acquires Vivico RE for EUR 1bn
Austria's CA Immobilien announced on Wednesday that it has bought the German project development company Vivico Real Estate from the German government for EUR 1.03 bn. The acquisition is still subject to regulatory approval from the Austrian competition authority.
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PropertyEU Archive
Aedes sets EUR 10bn growth target
Italian real estate company Aedes has outlined a new group structure and set an ambitious target for future growth in its 2008 - 2010 business plan. The announcement was made ahead of a board meeting scheduled for 13 February 2008.
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PropertyEU Archive
Vivacon sells German assets worth EUR 180m
German residential property company Vivacon has announced the sale of 3,900 apartments worth EUR 180 mln to a Scandinavian investor. Vivacon said the transaction underlined the continuing interest international investors have in the German market despite the current uncertainty in the equity markets caused by the subprime crisis.
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PropertyEU Archive
Jelmoli to sue Delek group over collapse of EUR 2bn sale
Jelmoli Holding is launching legal proceedings against the Israeli consortium that pulled out of the EUR 2 bn deal to buy a portfolio of 88 properties from the Swiss retail and property group. In a statement, Jelmoli said it is suing Blenheim Properties, Delek Global Real Estate and Delek Belron ...
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PropertyEU Archive
Deutsche Bank to invest EUR 200m in HQ revamp
Deutsche Bank plans to redevelop the two 155-metre towers in Frankfurt that have served as the bank's headquarters since 1984. The renovation plan is aimed at transforming the towers at Taunusanlage 12 into an environmentally-friendly, energy-saving property. The cost of the revamp is said to be around EUR 200 mln.
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PropertyEU Archive
No quick fix in 2008, says Standard Life Investments
Successful investing in 2008 will require good calls on a diverse basket of issues, such as liquidity, earnings, inflation, currency, and regulations, according to Standard Life Investments (SLI).
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PropertyEU Archive
JV acquires Evora retail project for EUR 55m
Portuguese asset manager Imorendimento has completed the acquisition of a retail project near Lisbon from Portuguese company Guedol for a total of EUR 55 mln. The Evora scheme, currently under development, has been acquired by a consortium of Imorendimento, UK Madford Developments and Resolution Property. The 24,800 m[sup]2[/sup] retail development ...
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PropertyEU Archive
Construction begins on Volga Industrial Park
Construction on the Volga industrial park commenced this week, Cushman & Wakefield Stiles & Riabokobylko (C&W/S&R) announced on Tuesday. The class-A property, located in the Nizhny Novgorod region of Russia, will be part of the Kstovo industrial park.
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PropertyEU Archive
Dolphin Capital confident despite reduced sales in UK
Dolphin Capital Investors, the largest residential resort investor in South East Europe, posted net asset value uplifts of 11% in the third quarter of 2007. The company said that its acquisition strategy made continuing progress during and after the third quarter, and that full-year sales by its Aristo holiday home ...
