All Real Assets articles in Web Issue – Page 257
-
PropertyEU Archive
DTZ: Balkan logistics on the rise
Real estate consultant DTZ said in a research note on Thursday that the Balkans are set to become a key logistics hub in the trade between Western Europe and Asia. The firm said businesses and investors alike appear keen to take advantage of emerging opportunities, noting that the 25 EU ...
-
PropertyEU Archive
Metrovacesa leases office building to Banesto
Spanish property giant Metrovacesa said on Friday it has reached an agreement with bank Banesto to lease 100% of its new Cristalia office building in Madrid. The property, which provides around 8,520 m[sup]2[/sup] of office space, opened its doors last week. The building also includes around 3,210 m[sup]2[/sup] of retail ...
-
PropertyEU Archive
BPF issues guide for UK regeneration funds
The British Property Federation (BPF) has published a guide for developers looking to access to public funds for regeneration projects in the UK. The organisation said millions of pounds are currently available for new homes and regeneration projects, but developers are not always sure how to access this money.
-
PropertyEU Archive
CBRE Investors buys two Milan offices
Global services company CB Richard Ellis Investors has bought two office buildings in the Milan area for an undisclosed amount. The firm has acquired the 30,000 m[sup]2[/sup] headquarters of technology company 3M Italia in the San Felice district, and a site in the Ortica district with 12,000 m[sup]2[/sup] of commercial ...
-
PropertyEU Archive
PIK eyes Kazakhstan expansion
Russian property developer PIK said on Thursday it is looking to expand into neighbouring Kazakhstan. The company recently set up a business unit, PIK Kazakhstan, in Astana, to facilitate the move. PIK Kazakhstan will be responsible for identifying land for purchase, zoning and construction, PIK said.
-
PropertyEU Archive
Ferrovial clinches EUR10b debt refinancing deal for BAA
Spanish construction group Ferrovial said on Monday it has received bank approval to restructure the debt of its British subsidiary, the airports operator BAA.
-
PropertyEU Archive
AffiParis acquires Tour Bercy for EUR44m
French property investment firm AffiParis has acquired the Tour Bercy in Paris for EUR 44mln from Affine, its largest shareholder. The building is located on the banks of the river Seine on a major thoroughfare very close to the Gare de Lyon train station.
-
PropertyEU Archive
Raven Russia receives $53m loan from IFC
AIM-listed property developer Raven Russia has signed a $ 53mln loan facility agreement with the International Finance Corporation (IFC), part of the World Bank Group. The company, which focuses on warehouses in Russia and Ukraine, said the facility will be used to finance the construction of 85,000 m[sup]2[/sup] of new ...
-
PropertyEU Archive
XXI Century Investments receives $60m loan from Eurobank
Ukrainian real estate company XXI Century Investments said on Monday it has arranged a new three-year credit facility of $60mln with Eurobank EFG Cyprus.
-
PropertyEU Archive
Prupim buys £92m office building in Edinburgh
Prupim, the property arm of British life insurer Prudential, has purchased the headquarters of Scottish Equitable in Edinburgh in a £92mln off-market deal with the Aegon UK Property Fund, an investment vehicle of Dutch insurance group Aegon. Prupim said it purchased the building on behalf of one of its annuity ...
-
PropertyEU Archive
Merrill Lynch, Colonia RE acquire German residential portfolio
Merrill Lynch and German property company Colonia Real Estate have acquired a residential portfolio for around EUR 103mln from Bonn-based Wohnbau. The portfolio consists of 51 properties with around 2,000 residential apartments in Berlin and Bavaria. The combined area of the acquired properties comprises about 140,000 m[sup]2[/sup]. Merill Lynch holds ...
-
PropertyEU Archive
Nordics focus on asset management
Real estate owners in the Nordic region are increasingly focusing on asset management to boost the performance of their buildings now that a sustained period of yield compression and capital values increases has ended.
-
PropertyEU Archive
Meinl to change name to Atrium European Real Estate
Austrian-listed developer Meinl European Land (MEL) said its board has proposed to change the company's name to Atrium European Real Estate, following a EUR 800mln buyout in March by Israeli property company Gazit-Globe and US investor CPI Capital Partners Europe. The new name is conditional upon regulatory and shareholder approval ...
-
PropertyEU Archive
Plaza Centers to develop Polish shopping centre
Emerging markets developer Plaza Centers has acquired a 17,000 m[sup]2[/sup] site in Leszno, Poland, for the development of a major new shopping and entertainment centre. This is the second acquisition by Plaza in the country since the company listed its shares on the Warsaw Stock Exchange in October last year.
-
PropertyEU Archive
McArthurglen, Inter Ikea Centre join forces in Poland
Shopping centre developer and manager Inter Ikea Centre Group is teaming up with designer outlet specialist McArthurGlen in a joint venture aimed at builidng a McArthurGlen-branded designer outlet village in the Targowek area of Warsaw, Poland. This is the first project to be carried out by the partnership, Mc ArthurGlen ...
-
PropertyEU Archive
New Century City schemes rise to tech challenge
Media City in the UK is an example of the trend towards New Century City (NCC) developments that are 'as much about the development of human and social capacity as real estate,' according to Michel Joroff, senior lecturer in the department of Urban Studies and Planning at the Massachusetts Institute ...
-
PropertyEU Archive
Colliers launches regional sustainability initiative
Property services firm Colliers International said on Monday it has launched RISE, a Regional Initiative for Sustainability and the Environment, and appointed Erin Inglish to the post of Regional Sustainability Advisor. RISE will serve as a platform for the introduction and integration of sustainability into the company's daily operations, consulting ...
-
PropertyEU Archive
SandpiperCI sells hospitality unit
SandpiperCI, the company resulting from the £401mln takeover last year of CI Traders by Sandpiper, said on Monday that it has exchanged contracts with LGV Capital to sell its hospitality division for an undisclosed amount.
-
PropertyEU Archive
Norwegian Property stops Norgani talks; unveils rights issue
Norwegian Property (NPRO) said on Monday its board of directors has decided to cease negotiations with the consortium of unnamed buyers regarding the sale of Norgani Hotels. In a statement, NPRO said it plans to maintain ownership of Norgani but added it will continue to investigate disposal possibilities as the ...
-
PropertyEU Archive
Prologis secures new leases with Kuehne + Nagel
Logistics provider Prologis said on Monday it has signed new lease agreements totalling 84,500 m[sup]2[/sup] at two major distribution parks in Europe with Kuehne + Nagel, a leading global logistics provider and one of Prologis' customers.
