All Real Assets articles in Web Issue – Page 208
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PropertyEU Archive
Fund acquires Porto Gran Plaza shopping centre
Closed-end fund Imo Pan Iberian Retail has completed the acquisition of Porto Gran Plaza shopping centre in the Portuguese city of Porto for EUR 65 mln. The property was built and sold by Portuguese developer Ferreiros & Almeida.
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PropertyEU Archive
Morgan Stanley buys stake in Venice airport operator
Morgan Stanley said on Monday that its infrastructure unit has reached agreement with Italy's Finanziaria Internazionale on the purchase of a 16.4% stake in Agora Investimenti, owner of a 39% interest in Venice's and Treviso's airport operator Save. With a market capitalisation of EUR 612 mln, Save is listed on ...
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PropertyEU Archive
Apollo sells Amsterdam's Dylan hotel
US property fund manager Apollo Real Estate Advisors announced on Monday that it has sold its 41-room Dylan hotel in Amsterdam to a private investor for an undisclosed sum. Originally created by British designer Anouska Hempel, the hotel was launched as Blakes hotel in 1999 and renamed The Dylan in ...
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PropertyEU Archive
Renta Corporacion sells Madrid building
Spanish property company Renta Corporación has sold a mixed-use building in the centre of Madrid to an unnamed buyer for an undisclosed amount. The Spanish company bought the building in March 2006 from R&A Palace Gestión for about EUR 100 mln and completely renovated it. Architect Rafael de La-Hoz was ...
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PropertyEU Archive
FTSE EPRA/NAREIT index continues slide
The FTSE EPRA/NAREIT Global Real Estate index of the largest and most heavily traded property stocks in the Asia-Pacific region, Europe and North America has continued the downward momentum from last year to finish at -5.5% in January. Global equity markets also dipped in the red (-0.8%), while the bond ...
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PropertyEU Archive
Van Haaren to head Corio Nederland Retail
Dutch listed property group Corio announced on Monday that John van Haaren is to succeed Gerard Groener as CEO of Corio Nederland Retail on 1 May. Corio announced in early December that Groener will take over as CEO of Corio from Jan de Kreij at the beginning of May.
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PropertyEU Archive
Relatively modest losses for European real estate - GPR
Returns for European real estate stocks were flat (-0.0%) in January but their slowdown was modest compared with the performances of listed property companies on other continents, according to the GPR 250 indices compiled by the Global Property Research division of merchant bank Kempen & Co.
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PropertyEU Archive
Ferrovial to relaunch £1 bn BAA property
Spanish infrastructure group Ferrovial is resurrecting its plan to sell its part of a property portfolio worth £1 bn around London's Heathrow and Gatwick airports, according to Spanish newspaper Cinco Dias. The news follows earlier media reports that Ferrovial had lost interest in the sale after the frontrunner in the ...
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PropertyEU Archive
Real IS buys logistics centre for EUR 45m
Real IS, a Munich-based subsidiary of Bayern LB, has bought a logistics property in the central German region of Nordhessen for EUR 45 mln. Developed by ECE, the property is entirely leased to the Hermes Group and consists of 20,000 m[sup]2[/sup] of logistics space.
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PropertyEU Archive
CAAM RE invests EUR 45m in development project
CAAM RE, the real estate asset management arm of French banking group Credit Agricole, has acquired an office development in the French city of Lyon for EUR 45 mln from developers ING Real Estate Development France and Atemi. The Monolithe project is earmarked for CAAM RE's SCPI investment vehicle Edissimo, ...
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PropertyEU Archive
Grupo Evemarina sells Park Hyatt Casares hotel for EUR 70m
Spanish property developer Grupo Evemarina has sold the five-star Park Hyatt Casares Golf & Spa Resort near Marbella in southern Spain to an unnamed Middle Eastern investment fund for some EUR 70 mln. Irea advised the seller on this transaction.
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PropertyEU Archive
Savills: Green agenda to impact on European logistics market
Global property consultant Savills has warned that a plan backed by the EU Commission to increase sustainability in the warehousing sector will pose some medium-term challenges for the industry that accounts for almost 15% of the EU's Gross Domestic Product.
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PropertyEU Archive
Bouwfonds Asset Management to open an office in Paris
Bouwfonds Asset Management, part of the Dutch Rabobank Group, said on Tuesday that it is to open an office in Paris on 20 February. Bouwfonds will be active in the country under the name of Rabo Bouwfonds REIM France.
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PropertyEU Archive
ING Real Estate, GIC carry out largest ever single Italian retail property deal
Dutch real estate company ING Real Estate has teamed up with the property investment arm of GIC, one of the largest sovereign wealth fund in the world, to buy the new Roma Est shopping centre near Rome from Italian food-retailing chain Gruppo PAM for EUR 400 mln.
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PropertyEU Archive
Catella KAG's Focus Nordic Cities grows with record pace
Catella KAG's Focus Nordic Cities has become one of the fastest growing property funds in Germany. Since the launch in September 2007 the fund has experienced a constant inflow of equity, growing from EUR 33 mln to close to EUR 270 mln in six months.
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PropertyEU Archive
ULI goes in search of the Super Cities of tomorrow
Identifying the cities that have got what it takes to lead Europe and the world into the next century is one of the key topics at the Urban Land Institute's European conference in Paris on Wednesday.
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PropertyEU Archive
West End rents forecast to continue rising - Knight Frank
West End office rents are set to continue increasing, with investment yields across Central London softening by the end of Q4 2008, according to Knight Frank. The UK property advisor predicted that prime headline rents in the West End office market will increase by 5% to £115.50 per sq ft ...
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PropertyEU Archive
Cushman & Wakefield opens office in Vietnam
Property advisor Cushman & Wakefield has announced its expansion into Vietnam with the opening of an office in Ho Chi Minh City. The new office is Cushman & Wakefield's 30th location in Asia-Pacific region. Cushman & Wakefield celebrated its 90th anniversary last year, and used the occasion to launch an ...
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PropertyEU Archive
Rezidor to open third Park Inn hotel in St Petersburg
Brussels-based hospitality group Rezidor has announced it is developing a new Park Inn hotel in St Petersburg. The Park Inn Nevsky Prospekt will be Rezidor's fourth hotel in the Russian city. The new hotel will provide 246 rooms and is expected to open in February 2009. Rezidor said it plans ...
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PropertyEU Archive
IHI snaps up Metropole for £130m
A consortium led by Malta-based hotel developer International Hotel Investments (IHI) is buying the Metropole building and 10 Whitehall Place from UK Crown Estate for £130 mln (EUR 174 mln). IHI, which is owned by Dubai state-controlled investment firm Istithmar, will refurbish the 37,161 m[sup]2[/sup] of accommodation to provide a ...
