All Real Assets articles in Web Issue – Page 266
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PropertyEU Archive
Coperfil RE to develop business park in Valladolid
Spanish commercial property developer Coperfil Real Estate is to develop the Viapark Arroyo business park in Valladolid, southern Spain. Completion of the project, which is to be built on a 48,000 m[sup]2[/sup] site, is scheduled for the first half of 2010. The company said it was granted a construction permit ...
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PropertyEU Archive
Gecimed buys clinic from Orpea
Gecina's healthcare real estate unit, Gecimed, has acquired the Grand Pré clinic from French nursing home group Orpea for about EUR 11mln. The facility is located within a five-hectare park in the Clermont-Ferrand urban area of central France. The psychiatric clinic, focusing on care for the elderly and patients with ...
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PropertyEU Archive
ECE to give Huma shopping centre major facelift
Swiss property company Unimo has commissioned German shopping centre specialist ECE Projektmanagement to give its Huma shopping centre in Neuss a complete facelift. The renovation will cost EUR 140mln and take place between now and the autumn of 2009. The centre will remain open for business while the revamp takes ...
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PropertyEU Archive
Orco sells two-thirds of Prague's Citadela project
Central European developer Orco Property Group said on Wednesday that it has sold 63% of the residential part of its Citadela project in Prague. In a statement, the company said that the apartments were sold shortly after the launch of the marketing programme in April and one year before completion ...
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PropertyEU Archive
Redevco disposes of three Dutch office properties
Redevco Nederland, the Dutch arm of Amsterdam-based property company Redevco, has sold a portfolio of three office buildings to Ouwehand Bouw Vastgoed, also of the Netherlands. The total investment volume is around EUR 20mln.
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PropertyEU Archive
Generali Immobilier set to launch first hotel fund
Generali Immobilier is set to unveil the launch of a large hotel fund in the next weeks, with the first closing expected to take place between the end of 2008 and the beginning of 2009, Alban Liss, director of asset management and investment at Generali, told PropertyEU. More details about ...
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PropertyEU Archive
Woolworths sells four London stores
UK retailer Woolworths Group said on Wednesday that it has agreed to sell four London stores to supermarket chain Waitrose for £25.5mln (EUR 32.2mln).
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PropertyEU Archive
Icade develops 30,000 m[sup]2[/sup] of offices southeast of Paris
French property developer Icade said on Thursday that it will build two of the five office buildings planned as part of the Aquena development in a new district which is being created in Choisy-le-Roi, southeast of Paris.
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PropertyEU Archive
Deka buys Dutch logistics asset for EUR 50m
German open-ended fund Deka Immobilien has acquired a logistics property in Moerdijk in the southern Netherlands for EUR 50mln from Austrian investment company Akron. Built in 2001, the plant is leased on a long-term basis to Ewals Logistics and consists of two buildings with a total leasable area of 64,200 ...
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PropertyEU Archive
Metrovacesa puts EUR 500m worth of land up for sale
Spanish property giant Metrovacesa has put around 19% of its total land bank worth some EUR 500mln up for sale as part of its new strategy of focusing on income-generating assets.
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PropertyEU Archive
AXA acquires Belgian shopping mall development
AXA Belgium has signed an agreement with Belgian developer Codic on the acquisition of the Blauwe Toren, a company created to develop and manage the B-Park shopping centre development in Bruges. The total investment comes to about EUR 90mln. Jones Lang LaSalle Capital Markets advised AXA on the purchase of ...
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PropertyEU Archive
Lloyd Fonds acquires two hotel projects in Germany
Hamburg-based fund manager Lloyd Fonds has acquired two hotel developments in Germany for EUR 36mln from German hotel development firm GBI. Lloyd Fonds bought two Motel One developments in Nuremberg and Berlin and said the hotels will be transferred to a new closed-end fund which will be launched at the ...
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PropertyEU Archive
Atisreal expands in Europe with Jersey acquisition
Atisreal, the property services arm of BNP Paribas, said on Thursday that it has expanded its European business through the acquisition of Barnes Daniels and Partners, a leading services firm based in Jersey.
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PropertyEU Archive
DTZ lays off staff in UK amid market downturn
Property broker DTZ has announced plans to lay off around 50, or 2.5%, of its UK staff as part of a strategic review carried out in response to the downturn in the British property market. The firm said that 'less than 50 people will be affected by the review, out ...
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PropertyEU Archive
US investor Granite opens Amsterdam office
US property investor Granite Investment Group has opened an office in Amsterdam to gain better access to European capital and European banking finance.
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PropertyEU Archive
Pirelli RE eyes Kaufhof assets
Italian property giant Pirelli Real Estate would be interested in acquiring the property owned by German department store chain Kaufhof in the event the owner Metro decided to put the assets up for sale, CEO Carlo Puri Negri said during a conference this week of the Italian real estate industry ...
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PropertyEU Archive
Barwa snaps up hotels in Switzerland
Qatar's Barwa International, a subsidiary of Barwa Real Estate, has acquired two hotels in Switzerland. Financial details were not disclosed.
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PropertyEU Archive
BPT fund buys Country Park business centre in Moscow
Baltic Property Trust (BPT) has secured its third real estate transaction in Russia with the acquisition of the Country Park business centre in Moscow for an undisclosed amount. The centre was built in 2004 as phase one of the Country Park project. It will be added to BPT's Russia-focused fund, ...
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PropertyEU Archive
Deutsche Wohnen sells off cable business
German residential property company Deutsche Wohnen said on Thursday it has sold its cable subsidiary AKF to telecoms provider Versatel for EUR 30mln because it no longer forms part of its core business. The deal is subject to regulatory approval.
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PropertyEU Archive
PIK and Storm Properties to develop Russian office complex
Russian residential real estate developer PIK Group and Storm Properties said on Thursday that they have purchased a 1.5-hectare plot in St Petersburg for the development of a 80,000 m[sup]2[/sup] Class A office complex.
