All Real Assets articles in Web Issue – Page 214
-
PropertyEU Archive
Evans Randall refinancing returns 24% equity to investors
UK investment banking and private equity group Evans Randall said on Tuesday that a refinancing deal worth £153 mln (EUR 202 mln) with German bank HSH Nordbank has enabled it to return about 24% of the original investor equity used to acquire the Cisco Systems headquarters near Heathrow in 2006.
-
PropertyEU Archive
CBRE buys Denmark's Cederholm for EUR 29m
CB Richard Ellis said on Tuesday it has acquired its affiliate company in Denmark for EUR 29 mln. The acquisition of CB Richard Ellis Cederholm will significantly strengthen CB Richard Ellis' platform in Scandinavia, the international real estate advisor said.
-
PropertyEU Archive
Kenmore acquires EUR 36m Dutch portfolio
UK development and fund management group Kenmore has announced the acquisition of the Kraaggebouwen portfolio of eight office buildings in Amsterdam from the property arm of Belgian-Dutch bank Fortis for EUR 36 mln. The transaction reflects a net initial yield of 7%. The assets are earmarked for Kenmore Europe, a ...
-
PropertyEU Archive
Apollo RE acquires Legnano property
Apollo Real Estate has acquired a four-hectare industrial complex, formerly operated by manufacturer Pensotti, in the northern Italian city of Legnano from a Italian private investor. The US investor is teaming up with the Italian Palladium Group in a 80/20 joint venture to redevelop the site north of Milan into ...
-
PropertyEU Archive
Catella, Arab Bank JV expands further in Germany
Catella Property Fund Management has acquired six mixed-use assets for a total EUR 31 mln on behalf of AB CPFM Real Estate Holding, a joint venture between Catella and Arab Bank.
-
PropertyEU Archive
CHC buys Frankfurt office towers
Irish wealth management company Custom House Capital (CHC) has bought the BICC tower in Frankfurt on behalf of HLB Financial Services for EUR 27.6 mln, including costs. The transaction volume reflects a gross yield of 6.67%.
-
PropertyEU Archive
'Green shoots' point to medium term recovery - DTZ
European real estate investment activity will continue to slow through the first half of 2008 at least, but international investors are preparing to re-enter the market at the right price, global real estate adviser DTZ has said in its European Quarterly research report.
-
PropertyEU Archive
Metrovacesa 'frontrunner' for EUR 1.1 bn Corio office portfolio
Spanish real estate giant Metrovacesa is the frontrunner in the bidding to buy a EUR 1.1 bn portfolio of office properties from Dutch retail property specialist Corio, market insiders have told PropertyEU.
-
PropertyEU Archive
Harbert in EUR 200m Spanish logistics JV
Harbert European Real Estate Fund II has entered into its first joint venture with Promociona Hispania as part of a logistics and industrial development platform in Spain. The business partners expect to invest between EUR 150 mln and EUR 200 mln in the joint venture's projects over the next couple ...
-
PropertyEU Archive
JLL: Europe's direct commercial investment hits EUR 244bn in 2007
Direct commercial real estate investment in Europe totalled EUR 244 bn last year, 4% lower than 2006, Jones Lang LaSalle has estimated in its European Capital Markets Bulletin 2007.
-
PropertyEU Archive
Kungsleden purchases three assets in Gothenburg
Listed Swedish real estate company Kungsleden is acquiring three commercial properties near Gothenburg in Sweden from Nordic seasonings producer Santa Maria for SEK 180 mln (EUR 20 mln). The properties, with a total lettable floor space of 23,900 m2, are let to Santa Maria on five and six-year agreements. The ...
-
PropertyEU Archive
Befimmo disposes of semi-industrial portfolio
Belgian real estate company Befimmo has agreed to sell its non-strategic portfolio of semi-industrial assets to American firm AIG Global Real Estate Investment and London-based property investor Rockspring for EUR 72 mln. The seven-building portfolio comprises 45,000 m[sup]2[/sup] of semi-industrial space and 15,000 m[sup]2[/sup] of office space in Zaventem, Belgium.
-
PropertyEU Archive
White Rock fund buys Dutch portfolio
White Rock Investments III, a White Estate Investments fund, has acquired the Penta portfolio in the Netherlands from British fund Cambridge Place Investments for EUR 68 mln.
-
PropertyEU Archive
CBRE opens new office in Ukraine
CB Richard Ellis has opened an office in the Ukrainian capital Kiev, where the global property consultant says it sees a 'huge potential for expansion'. The office will be headed by Sergiy Sergiyenko and Radomyr Tsurkan, both former managing directors of Colliers in Kiev.
-
PropertyEU Archive
Savills: Spanish logistics demand leads to new submarkets
Strong demand for logistics space has led to the creation of new submarkets in Spain, according to a new research report by property adviser Savills. The logistics sector has experienced 3.9% growth per annum nationwide, while the logistics businesses in Madrid and Barcelona have grown by 4.1% and 4.2% respectively. ...
-
PropertyEU Archive
Fonciere des Murs to expand in Italian hotel sector
Fonciere des Murs (FDM), the leisure and healthcare subsidiary of French property group Fonciere des Regions, has established a new company to expand in the Italian hotel sector.
-
PropertyEU Archive
Endurance launches two new sub-funds
Endurance Real Estate, a closed-end umbrella fund set up in 2005 by Orco Property Group, committed a total of EUR 275 mln of equity last year, up from EUR 200 mln in 2006.
-
PropertyEU Archive
Tesco signs up for Multi's Forum Koszalin
UK-based supermarket chain Tesco has signed an agreement with the Polish unit of retail property specialist Multi Development to lease 7,000 m[sup]2[/sup] of space at Multi's 55,000 m[sup]2[/sup] Forum Koszalin development in Poland. Tesco will become the first grocery hypermarket in Koszalin, and the main tenant at the shopping centre.
-
PropertyEU Archive
Allreal reports full year profits up 10% for 2007
Zurich-based property firm Allreal booked a net profit, including revaluation gains, of EUR 54.3 mln in 2007, up 9.9% over the previous year. Operating profit was also up at EUR 43.4 mln compared to EUR 42 mln in 2006. Cash flow rose to EUR 72.2 mln up from EUR 33.8 ...
-
PropertyEU Archive
Mercialys posts double digit growth figures for 2007
Listed French commercial real estate company Mercialys reported strong growth in earnings and asset values in its 2007 results. Net asset value increased 28% over 12 months to EUR 25.7 per share against EUR 20.08 per share one year earlier and EUR 23.04 per share at 30 June 2007. ...
