All Real Assets articles in Web Issue – Page 204
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PropertyEU Archive
SEB Asian Property Fund invests in Singapore office property
SEB Asset Management has made another investment in Asia for its recently launched real estate fund SEB Asian Property Fund SICAV-FIS. The fund acquired some 10,310 m[sup]2[/sup] , or 12 floors, of Anson 79, a Grade A office building in Singapore for SGD 215 mln (EUR 102 mln). The 23-storey ...
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PropertyEU Archive
Kanam US snaps up office buildings in Dallas suburb
German property fund manager Kanam US grundinvest said on Thursday it had acquired two office buildings in the Dallas suburb of Frisco for $62.7 mln (EUR 43 mln).
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PropertyEU Archive
Norgani Hotels hires Roar Ingdal as CEO
Oslo-based Nordic hotel operator Norgani Hotels said on Thursday it had appointed Roar Ingdal as its new ceo, effective no later than 1 May of this year. Ingdal is currently ceo of Royal Caribbean Cruise Lines (RCCL). Norgani said the new ceo's mandate will be to expand the business in ...
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PropertyEU Archive
Niam, the Whitehall funds sell office portfolio in Stockholm
Aberdeen Property Fund Pan-Nordic have acquired an office portfolio in southern Stockholm from Sweden’s Niam Fund III for an undisclosed sum. The portfolio comprises 70,000 m[sup]2[/sup] of lettable space, 93% of which is modern office space.
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PropertyEU Archive
Cofinimmo boasts top Belgian property portfolio at end-2007
Belgian real estate investment trust (REIT) Cofinimmo closed 2007 with the leading property portfolio in Belgium, according to a ranking of the top 100 portfolios in the country published for the fourth consecutive year by local newsletter Expertise News. With a property portfolio value of EUR 2.73 bn at ...
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PropertyEU Archive
DTZ bags DuPont as new client for 250 EMEA properties
International property adviser DTZ has been awarded an exclusive mandate to provide lease and management services for the entire property portfolio of multinational chemicals and healthcare company DuPont in Europe, the Middle East and Africa (EMEA).
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PropertyEU Archive
Conwert buys back shares for future acquisitions
Austrian property company Immobilien Invest said it planned to buy back up to 10% of the company’s issued share capital in the first half of 2008. The company said it would purchase as many as 8,535,927 shares at a price between EUR 8 and EUR 11 per share, for a ...
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PropertyEU Archive
Engel East Europe divests non-core activities in Germany and Canada
Engel East Europe, the Central and Eastern European residential property developer listed on the AIM segment of the London Stock Exchange, said it planned to discontinue non-core activities in Germany and Canada and would dispose of land holdings in these countries.
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PropertyEU Archive
Cushman & Wakefield buys Australian affiliate Laing+Simmons
Real estate services firm Cushman & Wakefield said it has acquired its long-term Australian affiliate Laing+Simmons Commercial. Deal terms were not disclosed. Sydney-based Laing+Simmons will immediately begin operations as Cushman &Wakefield.
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PropertyEU Archive
Cushman & Wakefield exclusive leasing agent for Moscow business centre
Russia-focused development company MirLand Development has retained the Russian arm of real estate services firm Cushman & Wakefield as exclusive agent for the leasing and marketing of the MirLand Business Centre in Moscow (Phase II). The business centre offers Class B office space, and is located between Leningradsky Prospekt ...
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PropertyEU Archive
Henderson Global appoints new head of property investment
Henderson Global Investors, with EUR 14 bn of direct real estate assets under management globally, said it has promoted Mike Sales to head of property investment as Patrick Bushnell prepares to leave the position at the end of March. Up to now, Sales has held responsibility for all UK ...
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PropertyEU Archive
Toolbank buys building in St Modwen’s Glasgow development
A 25,000 sq ft (2,323 m2) building on the Hillington, Glasgow development launched by UK regeneration specialist St Modwen Properties has now been pre-sold to tool supply company Toolbank, which will relocate from central Glasgow.
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PropertyEU Archive
Colliers opens White Fir Resort in Bulgaria
Colliers International Bulgaria said it has opened the ski and spa apartment lodge known as White Fir Resort. The lodge was developed by London-based MSI Developments while Colliers is providing management services, including the leasing of 135 one-, two- and three-bedroom apartments.
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PropertyEU Archive
PIK Group buys into major Moscow residential development
Russian residential real estate developer PIK Group said it has acquired 100% of the shares in CJSC Monetchik, a co-investor in a major residential development in the Kuntzevo region of Moscow. Financial details were not disclosed.
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PropertyEU Archive
Banco Santander sells Madrid head office
Banco Santander, Spain's largest bank, has sold its head office in Madrid to British investor Propinvest for EUR 1.9 bn in a sale-and-leaseback deal. Banco Santander, which acquired ABN Amro Bank last year together with Fortis and Bank of Scotland, will lease the building back for a period of 40 ...
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PropertyEU Archive
AXA Belgium buys 67,000 m[sup]2[/sup] warehouse
AXA Belgium, advised by King Sturge's Antwerp team, has purchased a 67,665 m[sup]2[/sup] warehouse and logistics complex in Hoogstraten, in the province of Antwerp for EUR 31 mln. The property was sold by LEG I+II, a subsidiary of LaSalle Investment Management The transaction represented a yield of about 7.5%.
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PropertyEU Archive
Akron acquires logistics park in Kiev
Vienna-based Akron Group has acquired the Eastgate logistics park in the Ukrainian capital of Kiev from developer GLD Invest Group for EUR 40 mln. In a statement, Akron said the asset is a newly developed 'state-of-the-art storage and office building covering 40,000 m[sup]2[/sup].
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PropertyEU Archive
JLL acquires German retail adviser
Property adviser Jones Lang LaSalle (JLL) has announced the acquisition of Kemper's Group in Germany. JLL expects to complete the transaction by May 2008, subject to approval by Germany's Monopolies and Mergers Commission. The acquisition will increase the number of JLL employees in Germany to 500.
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PropertyEU Archive
Luxembourg fund acquires Milan logistics park
Property fund Holding Cinque has sold a logistics park in Paullo, Milan to Sireo Immobilienfonds No.4 SICAV for EUR 31 mln. The transaction reflected a gross yield of 6.5 %. The vendor was advised by Savills while Redilco represented the purchaser.
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PropertyEU Archive
Colliers arranges sale of Grand Hotel Lodz
Colliers International Poland has arranged the sale of the Orbis Group's Grand Hotel Lodz to an undisclosed private investor for EUR 20 mln. Orbis Group is the largest tourist and hotel group in Poland and Central Europe. Prominently located in the heart of Lodz the Grand Hotel has 161 rooms, ...
