All Real Assets articles in Web Issue – Page 193
-
PropertyEU Archive
Helaba completes financing for Polonia II fund
German bank Helaba Landesbank Hessen-Thuringen announced on Thursday that it has put together a EUR 300 mln cross-border acquisition and term-loan facility for the Polonia II real estate fund. The eight-year facility covers investments in major CEE markets, including Poland, the Czech Republic, Hungary and Slovakia. Helaba acted as arranger ...
-
PropertyEU Archive
Allianz sells portfolio to Whitehall Funds for EUR 1.7 bn
German insurer Allianz has sold a portfolio of 190 office properties to the Whitehall Funds for EUR 1.7 bn. The move is in line with Allianz's strategy to rebalance its real estate portfolio and follows the sale of a tranche of properties worth some EUR 1.3 bn to IVG in ...
-
PropertyEU Archive
Delek acquires 12 supermarkets from Metro
Israeli-backed property investor Delek Global Real Estate (DGRE) has bought 12 supermarkets in Germany from retailer Metro for EUR 243 mln. Under the sale-and-leaseback deal, Metro subsidiary Real will lease 10 of the supermarkets until 2022 and the other two until 2020 and 2021 at an average annual total of ...
-
PropertyEU Archive
AXA REIM buys office portfolio from Codic for EUR 150m
AXA Real Estate Investment Managers (AXA REIM) has agreed to buy a 45,000 m[sup]2[/sup] portfolio of office developments in France from real estate developer Codic for some EUR 150 mln.
-
PropertyEU Archive
CapMan reports FY 2007 net of EUR 24.2m
Finnish property investor CapMan reported net profit for full-year 2007 of EUR 24.2 mln on Thursday, up from EUR 12.4 mln a year earlier. Profit attributable to shareholders was EUR 18.6 mln, up from EUR 11.5 mln, representing full-year earnings per share of EUR 0.24, compared with EUR 0.15 a ...
-
PropertyEU Archive
IVG to launch REIT early in 2008
German property investment company IVG Immobilien said it plans to launch a real estate investment trust (REIT) through an initial public offering early next year. The future REIT would be made up of German office properties worth around EUR 3.5 bn, IVG said in a statement. It will hold a ...
-
PropertyEU Archive
Corio acquires Marseille shopping centre for EUR 385m
Dutch property company Corio has acquired the Grand Littoral shopping centre in the French port city of Marseilles from Paris-based insurance company Macif for EUR 385m. Grand Littoral comprises 110,000 m[sup]2[/sup] of gross lettable area (GLA) and 5,000 parking spaces. The shopping centre is the fourth largest in France and ...
-
PropertyEU Archive
Puma Brandenburg to acquire 45 retail properties in Germany
Puma Brandenburg, a Guernsey registered closed-ended investment company that invests in German real estate, has reached a legally binding agreement to buy 45 edge-of-town retail properties for just over EUR 108 mln, excluding acquisition costs. The properties comprise almost 55,000 m[sup]2[/sup] of lettable retail area and are leased to German ...
-
PropertyEU Archive
Aberdeen buys German fund manager Degi
UK-listed Aberdeen Asset Management has acquired German fund manager Degi from Dresdner Bank for EUR 110 mln, the two parties announced last week. Aberdeen said the acquisition will strengthen the position of its property investment division, Aberdeen Property Investors, in the strategically important German market, increasing assets under management by ...
-
PropertyEU Archive
Colonial replaces Portillo, sells asets amid stock market plunge
Luis Portillo has resigned as chairman of Spanish property giant Inmobilaria Colonial after the firm's shares went into freefall just days before market trading for 2007 closed. Colonial shares lost almost 40% in value in the two days to 28 December, prompting the company to issue a statement that Portillo ...
-
PropertyEU Archive
Unibail-Rodamco buys into Austrian retail complex
Unibail-Rodamco has reached agreement with private family trust Hans Dujsik Privatstiftung on the acquisition of 140,400 m[sup]2[/sup] in Shopping City Sud in Vienna, Austria's largest retail and leisure complex. Financial details were not disclosed. The transaction is expected to close n the second quarter of 2008 and will give Unibail-Rodamco ...
-
PropertyEU Archive
Corio increases ownership in Le Balzac office building
Dutch property company Corio has announced the acquisition of an additional 30% of the shares in Le Balzac office building in the Courbevoie-La Defénse business district of Paris from the Dutch pension fund for metalworking and mechanical engineering employees.
-
PropertyEU Archive
Hansa Invest set to buy Hammerson's One London Wall
German fund manager Hansa Invest is reportedly set to buy the 125-year leasehold interest in the new City of London development, One London Wall, from UK developer Hammerson and Japanese construction firm Kajima. According to UK real estate publication Property Week, Hansa Invest is spending some £145 mln for the ...
-
PropertyEU Archive
London retains position as top legal centre
London reaffirmed its position as Europe's legal hub over the first nine months of 2007, accounting for 47% of the total office space let to law firms in 16 top legal centres, according to the latest EMEA Legal Services Business Briefing published by real estate consultant Cushman & Wakefield.
-
PropertyEU Archive
DDC enters Croatian market with supermarket deal
Retail property investment company Dawnay, Day Carpathian (DDC) has acquired six supermarkets in Croatia for a total sum of EUR 53.7 mln, representing an initial yield of 7.65%. The deal is DDC's first in Croatia. DDC said it will acquire four Croatian special-purpose vehicles that own the stores and will ...
-
PropertyEU Archive
Segro seals sale-and-leaseback deal in Germany
UK-listed property REIT Segro has agreed a sale-and-leaseback deal with Mannesmann Plastics Machinery (MPM) for three industrial sites in Germany, at Munich, Nuremberg and Hanover. The leaseback period is for a minimum term of 15 years and the transaction represents a net initial yield of 7.1%. The value of the ...
-
PropertyEU Archive
GPT Halverton establishes first retail fund
UK-based property investor GPT Halverton has set up its first retail property fund, the German Retail Property Fund (GRP), after raising a total of EUR 136.5 mln in equity among institutional European and international investors.
-
PropertyEU Archive
Italian government issues tender for Turin properties
The Italian government has launched a public tender for the 50-year lease concession of a package of seven properties in the province of Turin. The tender marks the continuation of Valore Paese, a project initiated by the tendering agency Agenzia del Demanio to revitalise, redevelop and economically exploit state-owned real ...
-
PropertyEU Archive
Orco purchases property in Luxembourg for HQ
Orco Property Group has acquired the CAP2 building in Capellen, Luxembourg, from Belgian redeveloper Banimmo for EUR 31.5 mln. Orco, which is based in Luxembourg, will use part of the property as its headquarters. The building comprises 7.750 m[sup]2[/sup] and has 750 parking spaces. It is almost entirely let to ...
