All Real Assets articles in Web Issue – Page 187
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PropertyEU Archive
Land Securities sells 50% of Oxford Street holdings
Land Securities, the leading UK real estate investment trust (REIT), has sold a 50% stake in its holdings at the corner of Oxford Street and Tottenham Court Road in London to private equity property fund Frogmore Real Estate Partners for £109 mln (EUR 145 mln). The parties also entered into ...
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PropertyEU Archive
Trigranit signs up to EUR 500 worth of projects in St Petersburg
Sandor Demjan, chairman of Budapest-based real estate developer Trigranit, signed a cooperation agreement with St. Petersburg governor Matvienko Valentina Ivanovna on 7 December to carry out two large-scale urban development projects in the city with a total investment volume of EUR 500 mln.
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PropertyEU Archive
DIC Asset raises EUR 62m to fund growth
German property investor DIC Asset has raised EUR 62 mln through a recently concluded capital increase. The subscription ratio for the offering of approximately 2.85 million new shares was 43.3%. As they had previously declared, the company's major shareholders - Deutsche Immobilien Chancen and Morgan Stanley Real Estate Funds ...
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PropertyEU Archive
Ten European shopping centres receive ICSC awards
Ten European shopping centres were among those which received recognition at the 31st Annual International Council of Shopping Centers (ICSC) International Design and Development Awards presented at the 2007 ICSC Centerbuild Conference in Phoenix, in the US.
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PropertyEU Archive
Six finalists for ING's REAL photography awards
A five-member international jury has whittled down the nominees for the EUR 50,000 REAL Photography award to six finalists. The overall winner will be announced at the inauguration of the REAL Photography Award exhibition in Rotterdam next March. Sponsored by ING Real Estate, the new bi-annual award focuses on the ...
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PropertyEU Archive
Vesteda buys majority of Philips Pension fund's residential holdings
Dutch real estate investment fund Vesteda has acquired just over 1,000 homes from Philips Pension Fund. The assets are valued at more than EUR 200 mln and generate EUR 600 to EUR 1,000 rent each a month. This was Vesteda's largest acquisition to date and it now owns 27,000 private-sector ...
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PropertyEU Archive
Top 5 deals Week 49 (3-7 December 2007)
Irish investor Derek Quinlan and London-based private investment company Propinvest lead the ranking of the top 5 European real estate deals for Week 49, thanks to the completion of the joint acquisition of the European headquarters of Citigroup Bank in London for EUR 1.4 bn.
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PropertyEU Archive
Baneasa mall entices international fashion brands
The leasing process for the 85,000 m[sup]2[/sup] Baneasa Shopping City in Bucharest has been completed. When the mall opens in spring 2008 it willl for the first time bring together several international shopping brands that are new entrants to Romania.
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PropertyEU Archive
European banks account for 13% of office take-up - C & W
The banking sector has increased its share of the total office take-up in 15 of the top European banking locations in Europe from 8% at the beginning of the year to the current figure of 13%, according to the latest edition of the EMEA Banking Business Briefing by Cushman & ...
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PropertyEU Archive
UK property investment down 24% on 2006 - JLL
Commercial property transaction volumes in the UK have reduced significantly across all sectors due to the ongoing credit crunch and poor market sentiment, according to new research by Jones Lang LaSalle. Large lot size transactions, principally central London offices and shopping centres, have been particularly hard hit.
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PropertyEU Archive
Goodman to invest EUR 300m in Turkey
Australian real estate group Goodman plans to invest EUR 300 mln in the Turkish logistics sector over the next few years. The first stage of the investment programme is the development of a 140,000 m[sup]2[/sup] logistics center in Izmit, one of the main gateways between Europe and Asia. The investment ...
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PropertyEU Archive
Doughty Hanson sells Swedish portfolio for EUR 315m
UK property fund manager Doughty Hanson has agreed to sell its office portfolio in the Kista district of Stockholm to a property fund managed by Norway's DnB NOR Bank for SEK 2.9 bn (about EUR 315 mln). The sale was the first divestment carried out by the fund Doughty Hanson ...
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PropertyEU Archive
Bahrain bank targets EUR 61m Shariah RE fund at Turkey
Bahrain-based Shamil Bank has launched the Shamil Bosphorus modaraba venture capital vehicle to invest $90 mln (EUR 61 mln) in real estate developments in Turkey that compile with Shariah or Islamic Law.
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PropertyEU Archive
Jerusalem Economic Corp buys 7 French properties
Jerusalem Economic Corporation (Jec) has acquired seven properties in a sale-and-leaseback transaction in Northern France for almost EUR 72.8 mln. Israeli financial newspaper Globes said the 221,500 m[sup]2[/sup] portfolio was bought from a major manufacturing company and generates a annual rental income of EUR 6.6 mln. The unidentified seller is ...
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PropertyEU Archive
PREF acquires Portuguese retail park
PREF, a fund advised by British Land European Fund Management, has acquired Lima Retail Park in Viana do Castelo, Portugal from a 50/50 joint venture of Sonae Sierra and Miller Developments for EUR 18.5 mln. The transaction price reflects a net initial yield of 6%.
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PropertyEU Archive
Tag 'optimises' assets before REIT conversion
German property company Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft (Tag) said it is selling four retail buildings in the German Rhine/Main region with a volume of EUR 13.4 mln as part of the process of optimising its portfolio. The package, with a total floor space of 6,600 m2, is being sold to ...
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PropertyEU Archive
Assicurazioni invests in Babcock & Brown Development Fund
Babcock & Brown, the Australian international investor and asset management group, has announced the private placement of two-thirds of the equity capital in Babcock & Brown Development Fund (BBDF) to Assicurazioni Generali, the largest Italian investment and insurance group.
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PropertyEU Archive
ING Clarion Real Estate Sec wins manager of the year award
ING Clarion Real Estate Securities has been named Global Real Estate Manager of the Year by Professional Pensions, the UK publication for the occupational pensions industry. The publication's Specialists and Alternative Investment Manager Awards recognise the leading and most innovative investment managers serving UK pension schemes.
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PropertyEU Archive
Homburg and Degi in Calgary tower jv
Homburg Invest has entered into a joint venture with German open-ended real estate fund manager Degi for the sale to Degi of the Homburg-Harris Centre in Calgary for CAD$376 mln (EUR 253 mln).
