All Real Assets articles in Web Issue – Page 27
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PropertyEU Archive
RE accounts for third of foreign investment in Bulgaria
The real estate sector accounted for 33% of all foreign investment in Bulgaria this year, Stoyan Stalev, director of the Invest Bulgaria Agency, has told the Macedonian economic website 'Total'. Dutch citizens invested more in Bulgarian real estate than any other foreign nationals. The British and Austrians were in second ...
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PropertyEU Archive
Polis Fund to acquire Milanofiori shopping centre
Polis Fund's Board has approved the acquisition of the Milanofiori shopping centre development. Although the price for the acquisition was not disclosed, Brioschi Finanziaria revealed the transaction reflects a yield of 6%. The mall was sold by Milanofiori 2000, a subsidiary of the Italian listed property group Brioschi Finanziaria.
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PropertyEU Archive
MGPA acquires light industry assets in Germany
Macquarie Global Property Advisors (MGPA) has signed an agreement on behalf of its MGP Fund II to purchase a portfolio of eight light industrial assets in Germany. The financial details were not disclosed, but the company said the initial yield was above 9%.
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PropertyEU Archive
Italian-domiciled fund in first Dutch acquisition
Cordea Savills, acting on behalf of Italian-domiciled property fund Europa Immobiliare No.1, has completed its first acquisition in the Netherlands by buying the office headquarters of USG People in Almere, for EUR 39 mln. Following the transaction, the fund's geographic reach extends to the UK, Germany, Italy, the Netherlands and ...
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PropertyEU Archive
JLL best 'RE agency' in Hungary
International property advisor Jones Lang LaSalle has won the 'Best Real Estate Agency' award by Hungarian readers of the Construction & Investment Journal (CiJ). The magazine has been published throughout the Central European Europe (CEE) since 1995, and also in Russia since January 2006.
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PropertyEU Archive
Agnellis buy majority stake in Cushman & Wakefield
IFIL, the investment vehicle of Italy's Agnelli family, is to acquire a 67.5% stake in Cushman & Wakefield, the world' largest privately-held real estate advisor, for EUR 430 mln.
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PropertyEU Archive
DTZ consolidates its Asian operations
International property advisor DTZ Holdings has announced it has strengthened its operations in the Asia Pacific region with the purchase from HK Millennium of the remaining 70% it did not already own of DTZ Pacific. (DTZ North Asia).
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PropertyEU Archive
Hypo RE Bank finances purchase of Warsaw tower
Hypo Real Estate Bank International has provided EUR 143 mln in senior investment and VAT financing to Akron, the Austrian real estate company, for the purchase of the Warsaw Trade Tower office building in the Polish capital. The transaction completed on December 4, the Stuttgart-based real estate lender said.
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PropertyEU Archive
PHP joins the REIT waiting list
Shareholders of Primary Health Properties (PHP) have backed the proposal to convert the company to real estate investment trust (REIT) status next year.
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PropertyEU Archive
Docks Lyonnais acquires assets in Lyon for EUR 103 mln
French property company Docks Lyonnais has acquired two commercial assets with a total area of 18,900 m[sup]2[/sup] in Lyon. The total investment for the retail stores was about EUR 103.4 mln, newspaper Business Immo has reported. The stores are located in the French city of Lyon, one in the Grolee ...
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PropertyEU Archive
GE Real Estate buys Italian offices for EUR 122 mln
GE Real Estate Italy has announced the acquisition of a portfolio of four offices from Europa Immobiliare No.1 for approximately EUR 122 mln. The 50,400 m[sup]2[/sup] portfolio comprises three office buildings located in Parco dei Medici, one of the most important office districts in Rome, which are let to Wind ...
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PropertyEU Archive
AMB gets EUR 228 mln facility for acquisitions
ING Real Estate Finance has closed a EUR 228 mln pan-European secured facility to finance European logistics and industrial properties acquired by regional subsidiaries of AMB Property.
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PropertyEU Archive
ING RE buys Italian malls for EUR 229 mln
ING Real Estate Investment Management Italy has completed the purchase of Carrefour Limbiate and Carrefour Siracusa from France's Carrefour. The value of the transaction, which includes all retail floor space except the Carrefour operated hypermarkets, is approximately EUR 229 mln. Both assets have been added to the operational portfolio of ...
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PropertyEU Archive
Horizon buys Vitalys building for EUR 51 mln
Horizon French Property Partnership 1, a Luxemburgish property investment fund, has agreed with Bati Conseil to acquire the Vitalys building. The 14,000 m[sup]2[/sup] development is located at the Porte de Lilas, in the 19 arrondissement (district) of Paris. The asset has been acquired for EUR 51 mln with a prior-to-completion ...
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PropertyEU Archive
Pirelli Re acquires 53% stake in Credit Servicing
Real estate heavyweight Pirelli RE has become Credit Servicing's majority shareholder after acquiring a 53% stake in the company, which is owned by Morgan Stanley Real Estate Funds. The price for the acquisition was not disclosed.
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PropertyEU Archive
EIBL rasies EUR 65 mln in AIM listing
Equest Investments Bulgaria Limited (EIBL) has announced it has raised gross proceeds of £43.9 mln (EUR 65.4 mln) through the placing by Collins Stewart Europeof 3,630,000 ordinary shares at £12.10 each per ordinary share on London Stock Exchange's Alternative Investment Market (AIM).
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PropertyEU Archive
Westfield raises EUR 780 mln in UK mall joint venture
The Westfield Group, Australia's listed shopping centre giant, has raised A$1.3 bn (EUR 780 mln) by the sale of a 50% interest in the Merry Hill shopping centre in the UK to the Queensland Investment Corporation. The joint venture has appointed Westfield as the property, leasing and development manger for ...
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PropertyEU Archive
Acciona not to sell property division
Acciona's chairman Jose Manuel Entrecanales has denied the company has plans to sell its non-strategic assets 'in the short term'. Local press reported yesterday that Acciona has hired the asset management firm Lazard to advise the builder on the eventual sale of non-strategic assets such as Transmediterranea and its property ...
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PropertyEU Archive
Equest acquires Romanian retail park, offices
Equest Balkan Properties (EBP), the commercial property investment firm focused on south-east Europe, has acquired three properties in the Romanian capital Bucharest for a total of EUR 33.8 mln.
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PropertyEU Archive
ORCO to develop major Berlin project
ORCO Germany is to develop major Leipziger Platz project after acquiring the site of the former Wertheim complex in the centre of Berlin for EUR 75 mln.
