All Real Assets articles in Web Issue – Page 209
-
PropertyEU Archive
Niam Fund IV to invest over EUR 2.5bn
Swedish private equity company Niam has launched its fourth property fund with EUR 700 mln of equity and an investment capacity of EUR 2.5 bn to EUR 3 bn. The fund will be one of the largest opportunistic property funds in Europe. Investors include global financial institutions and pension funds.
-
PropertyEU Archive
Klemurs optimistic on back of good results in 2007
French property investment company Klemurs has said it experienced ' sustained development' in its end of year report for 2007 with a 17.3% increase in net current cash flow per share to EUR 1.57. As a result the company is positive about the outlook in 2008 and has recommended a ...
-
PropertyEU Archive
Urban Land Institute Paris Conference 2008
PropertyEU reports from the Urban Land Institute's Paris Conference. Click on the link below to watch Bill Kistler, president of ULI Europe, tell PropertyTV about his expectations for 2008 at the start of the ULI conference in Paris. Also, Alec Emmott of Europroperty Consulting and Menno Maas, CEO of ...
-
PropertyEU Archive
Brack Capital finalist in German EUR 3.4bn property tender
Brack Capital Real Estate is one of three finalists in the tender to buy the property portfolio of Germany's Landesentwicklungsgesellschaft (LEG), owned by the State of North Rhine-Westphalia, according to a newspaper report. If the company wins the tender it will pay EUR 3.4 bn for the portfolio of 93,000 ...
-
PropertyEU Archive
Multi gets green light for £300m regeneration scheme in UK
Multi Development UK has been given the go-ahead for the construction of the £300 mln (EUR 402 mln) Summer Row development in Wolverhampton. The company received approval for the compulsory purchase of 72,000 m[sup]2[/sup] of land to the south of the city from the City Council this week.
-
PropertyEU Archive
C&W reports 33% rise in EMEA operations turnover
Global property advisers Cushman & Wakefield (C&W) has reported global turnover of $1.8 bn in 2007, a 21% increase on the previous year ($1.5 bn). Turnover for the firm's EMEA operations rose by 32.8% in 2007 to £282.4 mln (EUR 384.1mln) from £212.0 mln in 2006. The firm's strongest ...
-
PropertyEU Archive
AREF: Pooled property funds outperform other asset classes in Q4
Pooled property funds (PPFs) in the UK outperformed other asset classes in the fourth quarter of 2007, according to research released by Association of Real Estate Funds (AREF).
-
PropertyEU Archive
Dubai developer to build new town near Moscow
Dubai World's development arm, Limitless, is teaming up with Russian investment firm RDI on a master plan to deliver a new town near Moscow for around 12,000 people. The project marks Limitless' entry into the Russian market.
-
PropertyEU Archive
LaSalle IM buys Coppergate mall from Land Securities
UK real estate investment trust Land Securities has sold the Coppergate shopping centre in York to LaSalle Investment Management. The investment amount is said to be around £43 mln (EUR 57 mln). LaSalle has appointed regeneration specialists Centros to develop a long-awaited second phase of the 200,000 sq ft (18,580 ...
-
PropertyEU Archive
Europa Fund sells Stuttgart office development
Europa Capital Partners has announced the sale of a new office and retail development in downtown Stuttgart to Credit Suisse Asset Management for EUR 150 mln. Europa Capital Partners was acting for its Europa Fund, while the buyer carried out the transaction in January for open-ended fund CS Euroreal
-
PropertyEU Archive
Gecina purchases warehouse in southern France
French property company Gecina has added to its real estate portfolio in the south of France with the acquisition of a second warehouse in the Ecopôle logistics park in Saint-Martin de Crau. The 30,000 m2-property, completed in 2006, was bought in a sale-and-leaseback transaction with Maisons du Monde. The financial ...
-
PropertyEU Archive
Watts opens office in Sweden
UK-based real estate company Watts has opened a new office in Stockholm. The team will be led by managing director Eva Sterner. According to the company statement, the new office will 'provide the Nordic market with its core technical and environmental due diligence, project management and consultancy services'.
-
PropertyEU Archive
Prologis inks 80,000 m[sup]2[/sup] logistics deal with DHL
Prologis has announced the signing of new lease agreements for more than 80,000 m[sup]2[/sup] of distribution space in Europe with logistic services company DHL Exel Supply Chain. Gary Anderson, president of Prologis Europe, noted in a statement that DHL is Prologis' largest global customer. 'At the end of 2007, Prologis ...
-
PropertyEU Archive
Union Investment snaps up Tokyo office property for EUR 130m
German property investor Union Investment said on Thursday it closed its first deal for an office property in Tokyo. The company has signed binding agreements to acquire the Shiomi-Koyama Office building for more than JPY 20 bn (over EUR 130 mln) for its worldwide open-ended real estate fund UniImmo: Global. ...
-
PropertyEU Archive
Valad acquires Swedish portfolio for EUR 253m
Valad Continental Partners has acquired a property portfolio from Swedish occupational pension company Alecta in a EUR 253 mln deal. The portfolio includes mostly office and warehouse properties, located in nine cities in southern and mid-Sweden. The total lettable area amounts to 258,000 m2, of which 50% is located in ...
-
PropertyEU Archive
Metrovacesa spends EUR 600m on property in Madrid and Barcelona
Spanish real estate company Metrovacesa has pulled off EUR 600 mln worth of office space acquisitions at a time when most of its peers are suffering from the dramatic slowdown in the country's housing market.
-
PropertyEU Archive
British Land sees signs of early recovery despite portfolio value dip
UK property giant British Land said on Thursday that it sees signs of an early recovery on the property markets, with falling values sparking renewed investor interest in the sector. The company said its portfolio value fell by 8.9% to £ 12.5 bn in the third quarter to 31 December.
-
PropertyEU Archive
Catella sells property management ops to Gestrim
Swedish-based property adviser Catella said on Thursday that it has sold its property management business to German peer Gestrim, which is majority-owned by French group Nexity. No financial details were disclosed. The deal includes the transfer of all 33 Catella employees.
-
PropertyEU Archive
Chagala secures credit facility with HSBC, RZB
Kazakh property developer Chagala Group has secured a EUR 36.56 mln first tranche of a credit facility with HSBC Bank and Raiffeisen Zentralbank Osterreich (RZB).
-
PropertyEU Archive
Telereal gets green light for HKR-designed City office project
UK-based property firm Telereal has been given the go-ahead for a £74 mln (EUR 99 mln) office redevelopment in the City of London. The HKR Architects-designed scheme has been given planning permission for the redevelopment of the former BT Exchange on Fore Street into a 13 storey, 34,000 m[sup]2[/sup] office ...
