All Real Assets articles in Web Issue – Page 20
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PropertyEU Archive
Sponda seals EUR 1.5 bn credit facility
Sponda, a Helsinki-based real estate company, has signed an agreement for a one-year syndicated credit facility for a total of EUR 1.5 bn. The credit facility is for purchasing the share stock of Finnish peer Kapiteeli, Sponda said.
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PropertyEU Archive
Flash Consult to build Romanian malls for EUR 140 mln
French investment company Flash Consult Invest has said it will build two shopping malls in Romania by 2009 for an investment of EUR 140 mln. Citing a report in local newspaper Ziarul Financiar, the Kempen & Co Property Daily said the malls, of 45,000 m[sup]2[/sup] and 55,000 m2, will be ...
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PropertyEU Archive
Kungsleden acquires 25 properties for EUR 72.5 mln
Kungsleden, a Swedish listed property company, is acquiring 25 properties for about SEK 657 mln (EUR 72.5 mln) in three separate transactions. The properties have a total lettable floor-space of about 122,600 m2, and the deals reflect an estimated yield of 6.8%.
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PropertyEU Archive
Patrizia buys residential units for EUR 300 mln
Patrizia has acquired a portfolio of 2,667 residential and 70 commercial units from HDI Gerling Lebensversicherung for about EUR 300 mln. The total net floor space in the portfolio adds up to around 195,000 m[sup]2[/sup]. The residential properties include a variety of complexes in top locations in western German conurbations.
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PropertyEU Archive
Llanera acquires Reva for EUR 300 mln
Spanish real estate Llanera group has acquired Reva, a Belgium utility and real estate company active in Valencia in Southern Spain. The acquisition will provide Llanera with a 45,000 m[sup]2[/sup] industrial area and 9 million m[sup]2[/sup] of agricultural land, the website Cincodias reported. Llanera said that the assets are valued ...
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PropertyEU Archive
Homburg acquires 4 Dutch commercial properties
Homburg Invest has finalised the acquisition of four commercial properties located in the Dutch cities of Eindhoven, Sittard, Rotterdam and Tilburg. In a statement, Homburg said the buildings were purchased through limited partnerships controlled by Homburg.
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PropertyEU Archive
Acciona to oppose E.ON bid for Endesa
Acciona, a Madrid-based construction group, has announced to Spanish stock exchange authorities that the company will actively oppose the takeover bid made by Germany's E.ON group for Endesa, Spain's second largest electricity company. The offer of EUR 35 a share values Endesa at EUR 37.1 bn, which is 'highly inadequate', ...
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PropertyEU Archive
Agnelli family ponders taking wheel at C & W
Italian company Ifil has confirmed media speculation that it has considered investing in Cushman & Wakefield, the world's largest privately-held real estate advisor. Ifil is the investment company of the Agnelli Family, founders of the Fiat car company.
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PropertyEU Archive
San Jose's Parquesol offer gets approval
Spanish construction company San Jose's EUR 917 mln takeover offer made for peer Parquesol has been approved by CNMV, the Spain's National Commission on Stock Exchange. The bid of EUR 23.1 a share is being made by Udramed, the investment arm rof Grupo San Jose.
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PropertyEU Archive
VastNed in two buys on Madrid high street
VastNed Retail, the Dutch-based pan-European retail property investor, has acquired two prime high street shops in Madrid for EUR 10 mln. The transaction brings the value of the company's Spanish portfolio to over EUR 5 bn. The properties are located at 23 and 25 calle de Fuencarral, a street connected ...
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PropertyEU Archive
New Ikea store in Russia to miss Christmas cheer
Fire-safety officers have shut down Ikea's new furniture retail mega mall in provincial Russian city of Nizjni Novgorod for 30 days. As a result the Ikea store that opened less than a month ago and the 150 shops attached to it will miss out on the lucrative Christmas season.
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PropertyEU Archive
GE Real Estate, Dogus take stake in Turkish REIT
GE Real Estate Central & Eastern Europe and Istanbul-based conglomerate Dogus Holdings have acquired a 50.98% stake in the Garanti REIT for EUR 37.5 mln.
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PropertyEU Archive
India's Yatra lists on Euronext
Yatra Capital, an Indian real estate company, debuted on the Euronext stock exchange in Amsterdam on Wednesday. The first placement was 50 cents above the introductory price of EUR 10 for the 10 million shares in the offering. Inclusive of the 50% leverage, the fund has an initial investment volume ...
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PropertyEU Archive
Gagfah replaces Fielmann in MDAX index
Gagfah, Germany's largest listed residential landlord, is to replace retailer Fielmann in the MDAX index of 50 medium-sized stocks, Deutsche Boerse, the operator of the Frankfurt stock exchange has announced. The change will take effect on December 18.
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PropertyEU Archive
Silfiducia to run 3 Portuguese office buildings
Real estate consultancy Silfiducia has been awarded a contract by Imopolis for the management of three office buildings in Chiado, near Lisbon, the website Vida Imobiliaria has reported. The assets include the Leonel office and residential building, the Terracos de Braganca and the Regata em Cascais office spaces. The buildings ...
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PropertyEU Archive
Immoeast in EUR 40 mln Croatian buy
Immoeast, the Austrian property group, has announced its second significant acquisition this week, with the purchase of a office-retail property in Croatia for a total investment volume of EUR 40 mln. The property has a gross lettable area of 21,400 m[sup]2[/sup] and was bought together with Generali.
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PropertyEU Archive
Parcolog acquires warehouse in northern France
Logistics real estate company Parcolog has acquired a 15,210 m[sup]2[/sup] warehouse on a 20,234 m[sup]2[/sup] site near Lille, in Northern France, the monthly business Immo magazine reported. The transaction was undertaken on the basis of a 7.25% yield, for an asset completely let to MGF. The price of the transaction ...
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PropertyEU Archive
Ahold to slash stake in Swedish retail chain
ICA, the Scandinavian retail unit 60% owned by Ahold of the Netherlands, is to reduce its interest in the Swedish Netto Marknad chain to 5% from 50%. ICA said on Thursday it had reached an agreement with joint venture partner Dansk Supermarked about the move.
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PropertyEU Archive
Caisse appoints IC to manage German portfolio
IC Immobilien Service, an IC Real Estate Group company, has been appointed as property manager of a portfolio of commercial properties owned by SITQ, a subsidiary of Caisse de depot et placement du Quebec (Caisse).
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PropertyEU Archive
Babcock, GPT call off European property IPO
Babcock & Brown, Australia's second-largest investment bank, and the Sydney-based property firm GPT Group have backed away from a plan to list a Pan-European retail property fund - just over two weeks after the initiative was announced.
