All Real Assets articles in Web Issue – Page 24
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PropertyEU Archive
TAS sells German sheds to Dutch investor
Hamburg-based real estate company TAS has sold two logistics properties in Germany to a Dutch investor. One of the sheds is in Hannover-Hainholz and the other is located in Hamburg-Stellingen. Together they have a total floor space of 35,500 m[sup]2[/sup]. The name of the buyer and the financial details were ...
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PropertyEU Archive
Rivero to sell part of his Metrovacesa stake
Metrovacesa's chairman Joaquin Rivero intends to reduce his holding in the Spanish property company, newspaper BolsaCinco has reported. Rivero raised his stake in the company to around 19% in September after launching a public offer for Metrovacesa in order to compete with the Sanahuja family, which is currently the largest ...
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PropertyEU Archive
HypoVereinsbank sells off offices
HypoVereinsbank of Bavaria has sold a real estate portfolio of 86 properties to Vaerde Partners as part of HVB's strategic reorientation away from non-core activities. Nearly 60% of the 442,000 m[sup]2[/sup] commercial property portfolio consists of offices. Over 75% of the properties are in western Germany and Berlin. The financial ...
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PropertyEU Archive
Eurocastle buys German portfolio for EUR 2.1 bn
Eurocastle, the closed-ended fund focused on the German commercial real estate sector, has purchased a large property portfolio from Deutsche Bank's property unit for an all-in price of EUR 2.1 bn. The sale involved a total of 61 commercial properties primarily in and around five large German cities from the ...
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PropertyEU Archive
Masso to get 13% stake in Aisa
Masso group, owned by Barcelona's ex major Enric Masso, is to acquire a 13% stake in the Catalan property company Aisa, Masso has informed the news agency Europa press. Financing for the transaction, valued at about EUR 68 mln, should be guaranteed by a capital hike scheduled to get approval ...
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PropertyEU Archive
Belgium property yields 6.6% growth in 2005
Commercial property in Belgium provided average returns to investors of 6.6% in 2005, according to the first report on the country by the Investment Property database (IPD). The office sector, which represents 80% of the database value, returned 6.2%.
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PropertyEU Archive
West Pioneer mines EUR 30 mln in London
West Pioneer Properties has raised around £20.4 mln (EUR 30.3 mln) by placing 25 million shares at 81.5p on the London Stock Exchange's Alternative Investment Market (AIM). The placing valued the company at over £61 mln (EUR 91 mln).
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PropertyEU Archive
CBRE acquires EUR 30 mln Defense Bergeres building
CB Richard Ellis has acquired the 'Defense Bergeres' building in Nanterre, central France for the French Dynamique Bureaux company. This vacant office building, completely renovated in 2005, provides a lettable area of about 10,000 m[sup]2[/sup] and includes a restaurant and 254 parking spaces. The investment is of the order of ...
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PropertyEU Archive
Aktiva to develop EUR 500 mln recreational centre
Italian real estate company Aktiva is to invest EUR 500 mln in the development of Romilia recreational and retail centre near Bologna, in northern Italy, the financial newspaper Milano Finanza has reported. The centre will cover an area of 3 million m2, of which 1.7 million m[sup]2[/sup] is green ...
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PropertyEU Archive
Kungsleden acquires 6 properties
Swedish listed property company Kungsleden has announced the acquisition of 6 properties, worth SEK 140 mln (EUR 15.4 mln), in Taby outside Stockholm. The properties have a lettable floor-space of 9,600 m[sup]2[/sup] and comprise 34% school 29% retail, 17% office premises and 19% industrial/warehouse.
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PropertyEU Archive
IVG sells EUR 83 mln portfolio
IVG Immobilien has sold three real estate properties in Paris, Milan and Brussels for a total of EUR 83 mln. The transaction generated a profit of EUR 16 mln, the German real estate investment company said.
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PropertyEU Archive
Halverton acquires offices for GO fund
Halverton Real Estate Management has acquired three further properties for its Go (German Office Partnership) Fund for approximately EUR 23.4 mln. The purchase price reflects a net initial yield of between 7.1% and 8.6%.
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PropertyEU Archive
Prologis acquires French distribution centre
ProLogis European Properties (PERP) has acquired a 43,400 m[sup]2[/sup] distribution centre in Blois, Central France. It is fully leased under a long-term agreement to the logistics and distribution subsidiary of Redcats, a leading home shopping retailer, and will serve as the primary distribution hub for Redcats' mail-order line of home ...
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PropertyEU Archive
Bilboa acquires France's residential development
Spain's Balboa group has purchased a residential complex in central France. The asset includes a four-star hotel, a golf course and further plots of land to be developed in residential areas. The price for the acquisition was not disclosed.
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PropertyEU Archive
Astroc completes Rayet acquisition
Spain's Astroc has acquired a 53.84% stake in peer Rayet to complete an agreement made earlier this year, Spanish newspaper Cinco Dias has reported. The transaction comes to a total amount of about EUR 328 mln.
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PropertyEU Archive
Deal signed for new Amsterdam entertainment venue
Amsterdam's municipal authorities and three Dutch property companies have signed a deal to develop a new entertainment centre in the south-east of the city for approximately EUR 250 mln. Work on the GETZ centre is due to start in the first half of 2008. The name GEZT comes from the ...
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PropertyEU Archive
Arlington gets RE mandate from EP pension fund
Arlington Securities has received a EUR 10 mln mandate from the pension funds of the members of the european Parliament (EP), the first time for the pension fund to invest in real estate. The money will be invested in Arlington's eurozone Fund of Funds, established by the company in July ...
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PropertyEU Archive
German group slams REIT index plan
ZIA, Germany's central association for real estate organisations, has hit out at plans by the German stock exchange to mandatorily remove IVG Immobilien and other property companies that intend to convert to real estate investment trust (REIT) status from the main DAX indices and place them in a separate index.
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PropertyEU Archive
European property equities 'strong' in 2007
Through careful stock selection and a short term bias towards offices, property equities in the UK and Europe could provide returns of up to 12-15% during 2007, according to a report by Henderson Global Investors.
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PropertyEU Archive
Axa REIM acquires EUR 27 mln office portfolio
Two funds managed by Axa REIM have acquired an office portfolio from a consortium Avenues Etoiles, constituted by KIC, Urbiparc and Cortona. The group of five buildings has been acquired before completion and delivery is scheduled for the end of 2007, the French newspaper Business Immo has reported. The developments ...
