All Real Assets articles in Web Issue – Page 200
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PropertyEU Archive
UK corporates expect to expand property portfolios
Some 43% of UK occupiers of commercial property expect to increase their property portfolios in the next six months, despite signs of an economic slowdown, according to the CBI/GVA Grimley Corporate Real Estate Survey conducted in October and November 2007. The twice-yearly survey revealed that 22% of corporates expect to ...
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PropertyEU Archive
Hypo provides EUR 43m financing for Sicilian resort
Hypo Real Estate Bank International has provided a EUR 43 mln acquisition and investment facility to Mermont Italy and Ability Real Estate. The transaction was completed on 20 December 2007 in connection with the acquisition of the Club Med Resort in Kamarina, Sicily.
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PropertyEU Archive
Bouwfonds acquires UK car parks
Dutch asset management group Bouwfonds has acquired four UK car parks for a total transaction value of over EUR 80 mln. The acquisitions, three in Croydon and one in central London, bring the total value of Bouwfonds real estate parking fund to EUR 135 mln. The portfolio comprises 12 parking ...
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PropertyEU Archive
Hypo Real Estate may face damages claim after subprime surprise
Hypo Real Estate bank is facing the possibility of damages claims from shareholders after it shocked the market with unexpected news of significant losses caused by the subprime mortgage crisis in the US.
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PropertyEU Archive
Marks & Spencer to anchor Eastgate scheme
Retailer Marks & Spencer has agreed terms with Hammerson and Town Centre Securities to anchor their proposed 140,000 m[sup]2[/sup] Eastgate scheme in the UK city of Leeds.
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PropertyEU Archive
Conwert hits out at annonymous criminal complaint
Vienna-listed property company Conwert Immobilien Invest SE has said it decisively rejects a criminal complaint of fraud filed by a German attorney on behalf of an anonymous client with the prosecutor in Munich. Noting that the complaint was reported in the media, Conwert said the matter had not been forwarded ...
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PropertyEU Archive
UK commercial property index books record fall
Total returns on the IPD UK monthly index fell by 3.7% in December, compared with November, the largest drop on record. Capital values were down 4.2% month on month, the real estate measurement company said.
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PropertyEU Archive
Sjælso Gruppen decides on share buyback
The board of Danish listed property company Sjælso Gruppen said this week it had approved a share buyback to boost shareholder value. The company is planning a share buyback and distribution programme up to DKK 300 mln (EUR 40 mln), approximately 10% of Sjælso Gruppen's market capitalisation.
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PropertyEU Archive
Chagala signs Kashagan oil field deal
Kazakh real estate developer Chagala Group has reached a deal with the Kazmunaigas and Eni consortium to develop the Kashagan oil fields in northern part of the Caspian Sea.
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PropertyEU Archive
Commerz Real sells Lyon complex
Commerz Real has sold the Le Danica office complex in Lyon, France to Zublin Immobiliere for just under EUR 50 mln. Commerz, which bought Le Danica in 2003, says it will use the proceeds for further purchases. The complex, which is fully let, has 15,500 m[sup]2[/sup] of letting space and ...
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PropertyEU Archive
Siemens to sell off real estate
Consumer technology and engineering group Siemens is to sell off some of its real estate holdings and technology subsidiaries to generate cash for expansion, the company said at a presentation for investors in New York.
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PropertyEU Archive
Non-listed property funds fees steady
Management fee levels for non-listed property funds have not risen significantly over the past five years despite a tighter market, according to a new research report from INREV. The study looked at 160 non-listed European property funds with gross asset value of EUR 82.2 bn.
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PropertyEU Archive
Foncière des Régions buys EUR 102m offices, enters in 'exclusive talks' on Coeur d'Orly project
French property company Foncière des Régions has acquired from Eiffage a property portfolio worth some EUR 102 mln. The 109,000 m[sup]2[/sup] portfolio consists primarily of offices and light industrial premises (75%) rented to Eiffage with firm nine-year leases. The remaining properties are leased to third parties. The assets generate an ...
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PropertyEU Archive
Guestinvest seals £120m hotel deal
UK hotel investment company GuestInvest has bought two central London properties for £120 mln after securing a further £200 mln injection from Bank of Scotland Corporate. The acquisition brings Guestinvest's property portfolio to £300 mln. The company said it plans to redevelop the properties located near Hyde Park and Notting ...
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PropertyEU Archive
CBRE: European RE investment up in FY 2007, despite Q4 slowdown
Property consultants CB Richard Ellis said on Thursday that despite a slower fourth quarter total investment turnover in European commercial real estate came in at an estimated EUR 236 bn in 2007, compared with the EUR 230 bn in 2006.
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PropertyEU Archive
HSH finances Evans Randall's EUR 240m Brussels office buy
German bank HSH Nordbank said on Thursday it is to finance UK property investor Randall Investment Management's EUR 240 mln acquisition of the Covent Garden office complex in Brussels. The new complex will consist of two building parts with total space of over 72,000 m[sup]2[/sup] and is set for completion ...
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PropertyEU Archive
PREF sheds EUR 300m retail portfolio across Europe
Closed-end European out-of-town retail property fund PREF is selling five European retail parks, as well as a 41% stake in the Spanish regional shopping centre, Nueva Condomina in Murcia to Henderson European Retail Property Fund (Herald). In a statement, PREF said that the transaction price comes to a total of ...
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PropertyEU Archive
Birmingham hires Barratt for £41m redevelopment project
Birmingham City Council said it has appointed Barratt Homes West Midlands, a leading developer for the £ 41 mln Shard End Crescent shopping parade redevelopment project.
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PropertyEU Archive
Skanska to expand UK prison for £ 53m
Swedish construction company Skanska said its UK arm has been awarded a contract for the design and construction of an extension to the Dovegate training prison in Staffordshire, England. The contract amount is £ 53m, which Skanska will include in its order bookings for the first quarter of 2008. The ...
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PropertyEU Archive
Union Investment acquires office project in Frankfurt
Union Investment Real Estate has acquired the Eschborn Waves office project at Frankfurter Strasse 16-40, in Eschborn, near Frankfurt, for EUR 67.3 mln. The project is earmarked for Union Investment's UniImmo: Deutschland open-ended real estate fund, The vendor of this modern building, which offers around 21,250 m[sup]2[/sup] of rental space, ...
