All Real Assets articles in Web Issue – Page 222
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PropertyEU Archive
Cannes hotels
PropertyEU Magazine is being distributed at the following hotels in and around Cannes.
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PropertyEU Archive
Europa Capital sells Polish retail portfolio
Real estate fund management group Europa Capital has sold a portfolio of 14 retail shopping centres and supermarkets in Poland to Balmain European Retail Properties for EUR 52 mln. The deal represents an initial yield of 7.6%, Europa Capital said.
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PropertyEU Archive
Cefin, Valad join forces in Romania
Real estate developer Cefin RE Romania, part of Italy's Cefin Group, is teaming up with Australian investment fund Valad, formerly Teesland iOG, to develop five to seven industrial parks in Romania by 2010. The partners are contributing EUR 200 mln each to the new Cheuro joint venture, which will develop ...
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PropertyEU Archive
Delta to open Montenegro's first international-style mall
Montenegro will shortly have its first international-style shopping mall, with the planned opening this summer of Delta City in the capital city of Podgorica. The project is being developed by Serbian property firm Delta Real Estate and will have a gross lettable area of 24,000 m2, according to a statement ...
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PropertyEU Archive
London Heathrow still world's most expensive industrial location
London’s Heathrow airport region has kept its title as the world’s most expensive industrial location, according to a new report from Cushman & Wakefield.
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PropertyEU Archive
SEB ImmoInvest makes first investment in Prague
German property fund SEB ImmoInvest has acquired the Andel Park Building B in Prague for EUR 71.5 mln, marking its first venture into the Czech Republic. The seller is Austria’s Immoeast.
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PropertyEU Archive
PropertyEU live from MIPIM
PropertyEU is reporting live from the MIPIM real estate fair in Cannes this week. Whether you are attending the fair or staying at home, you can follow the news from Cannes as it unfolds through our newsletter and PropertyEU website.
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PropertyEU Archive
TMW Pramerica buys Paris’ Tour Gallieni for €100m
TMW Pramerica has acquired the Tour Gallieni project near Paris for its TMW Immobilien Weltfonds for about € 100 mln. The development, located in the town of Bagnolet, about seven km northwest of Paris, will provide a total 26,000 m[sup]2[/sup] of accommodation and 508 parking spaces. It is due for ...
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PropertyEU Archive
CEE to drive shopping centre market in 2008 - JLL
The European shopping centre market is set for another huge growth spurt in 2008 and 2009, driven by Central and Eastern European markets, according to a new Jones Lang LaSalle report.
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PropertyEU Archive
Aberdeen to increase L'Etoile stake to 51%
Aberdeen Property Investors (API) is to strengthen its ownership of Paris-based L'Etoile Properties to 51% as part of a broad European expansion.
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PropertyEU Archive
UK's Pradera acquires Liguria shopping mall
UK real estate fund manager Pradera has snapped up La Fabbrica shopping centre in Santo Stefano di Magra in Italy's Liguria region for about EUR 50 mln. The mall, which opened in October last year, was bought from the Italian supermarket chain Conad del Tirreno. The property consists of 37 ...
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PropertyEU Archive
Property firms urged to focus on active management
Both REITs and listed property firms will have to create value by focusing on active asset management if they are to close the widening gap between share prices and net asset values, a conference at the MIPIM trade fair was told yesterday.
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PropertyEU Archive
Benchmarking essential for unlisted fund managers: INREV
Benchmarking is the way forward for unlisted fund managers, and this will require much more transparency that we have now, INREV chairman Johan van der Ende told PropertyTV in an interview at the MIPIM trade fair.
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PropertyEU Archive
Pirelli RE fund sells Milan office block
Pirelli RE Opportunities-managed Patrimonio Uffici fund has sold a building in Milan, northern Italy, to an unnamed institutional investor for some €100 mln. The transaction volume represents an increase of 17% on the property's book value, Pirelli RE said in a statement on Tuesday.
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PropertyEU Archive
Warburg Henderson buys Milan office block
Warburg Henderson, a joint venture between Henderson Global Investor and German bank Warburg, has acquired two offices totalling 14,000 m[sup]2[/sup] of leasable space in Milan for EUR 45 mln. The properties have been purchased from Italian group Cividini and are leased to Italian bank Banca Nazionale del Lavoro (BNL).
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PropertyEU Archive
Carillion to build Europe's tallest residential tower
UK construction group Carillion has been awarded the GBP 155 mln (EUR 203 mln) contract to build Europe’s tallest residential development in the northern city of Leeds.
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PropertyEU Archive
Wal-Mart may sell Gazeley property business
Wal-Mart owned UK supermarket group Asda has appointed UBS to explore ‘strategic options, including a sale’ for its property development business Gazeley.
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PropertyEU Archive
Plaza buys seventh Romanian development site
Shopping and entertainment centre development Group Plaza Centers has acquired a 31,000 m[sup]2[/sup] site in Targu Mures, Romania - it’s seventh project in the country.
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PropertyEU Archive
Price correction pending in major European cities - DTZ
Spain is probably the next European real estate market to undergo a price reduction, according to property advisor DTZ. 'But I think markets such as France and Germany are fairly static at the moment, as vendors there have not accepted there has been a move in pricing,' John Slade, managing ...
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PropertyEU Archive
Dubai clinches Colonial deal
The Investment Corporation of Dubai (ICD) has brokered a deal with Colonial's shareholders to give the sovereign wealth fund a majority stake in the troubled Spanish property company. In a statement sent to the Spanish securities watchdog (CMNV) on Tuesday evening, ICD said that it is acquiring a 50.4% stake ...
