All Real Assets articles in Web Issue – Page 28
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PropertyEU Archive
Fortis in Polish biggest leasing deal
Fortis Bank Polska has signed the largest 2006 leasing transaction in Poland to occupy a 11,200 m[sup]2[/sup] building in the Trinity Park II in the Mokotow district of Warsaw. The transaction means an increase on the initial lease by Fortis of 6,500 m2, newspaper EuroBuild has reported. According to the ...
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PropertyEU Archive
First columns laid for Freedom Tower
The first steel columns are being laid in New York this week for the Freedom Tower which is being built on the site of the World Trade Centre Towers destroyed during the September 11 terrorist attacks in 2001.
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PropertyEU Archive
Macquarie Goodman unveils Euro logistics fund
Macquarie Goodman has announced the establishment of the Arlington European Logistics Fund, which will hold a portfolio of more than EUR 1.2 bn of industrial property when fully invested.
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PropertyEU Archive
JLL Poland opens site line
Jones Lang LaSalle in Poland established a new service line of site acquisition in order to meet what it describes as 'huge demand from developers in all sectors for development sites'. The new service is designed to assist JLL's clients throughout the whole real estate process from the acquisition of ...
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PropertyEU Archive
Norwegian Property buys 13 properties
Norwegian Property has signed the final agreement to acquire a portfolio of 11 office properties in Nydalen district of Oslo and two office properties at Okern for NOK 2.19 bn (EUR 268 mln) from Rasmussengruppen, a family-led investment company in Norway focused on property, shipping and securities trading.
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PropertyEU Archive
Quintain, Morley in EUR 297 mln science park deal
Quantum Property Partnership, a 50/50 joint venture between Quintain Estates and Morley Fund Management, has secured an agreement with the South West of England Regional Development Agency to create a new science and technology park, SPark, in Bristol. Quantum plans to develop 77,000 m[sup]2[/sup] of science and technology space on ...
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PropertyEU Archive
CapMan RE fund sells portfolio for EUR 377 mln
CapMan Real Estate I fund is to sell its entire portfolio to a joint venture company for EUR 377.5 mln. The portfolio consists of 22 properties in the greater Helsinki area. Most of the assets are modern office buildings with a vacancy rate below 5%.
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PropertyEU Archive
French senate approves SIIC 4
The French senate this week approved the SIIC 4, the country's latest version of tax-efficient real estate investment vehicles. An amendment to the legislation includes provisions aimed at diversifying the share capital of the SIIC and preventing a single shareholder creating a SIIC.
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PropertyEU Archive
Paris building sold for EUR 45 mln
Paris-based DS Avocats has acquired an office building located at 21 Madeleine Square in the 8th arrondissement of Paris for EUR 45 mln, property newspaper Business Immo has reported.
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PropertyEU Archive
Arab Investments acquires German portfolio for EUR 50 mln
Arab Investments has acquired a portfolio in Berlin from the Bauwert Property Group for approximately EUR 50 million, property advisor Savills has reported. The portfolio comprises 14,800 m[sup]2[/sup] of office and retail properties located in top locations in Berlin, Wuppertal and Karlsruhe.
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PropertyEU Archive
Riofisa to develop a EUR 50 mln business park
Real estate group Riofisa has announced it is to develop a 38,000 m[sup]2[/sup] business park in the Leganes district of Madrid. The Spanish company said the park will require an investment of around EUR 50 mln and construction work is to begin soon.
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PropertyEU Archive
Summit acquires five properties for EUR 58.8 mln
Summit Germany, a commercial property investment company listed on AIM in London, has announced it is to acquire five additional properties in Germany for a total investment of EUR 58.8 mln. The deal will reflect an average net yield of 7% per annum and 7.8% on full occupancy.
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PropertyEU Archive
Cosmani RE buys EUR 85 mln plot of land
Cosmani Inmobiliaria has invested EUR 85 mln in the acquisition of a plot of land in the Mendez Alvaro district of Madrid. In a statement, the Spanish group said it intends to develop offices and homes on the site. The plot of land has a build-on area of about 14,300 ...
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PropertyEU Archive
Teesland accepts 'Scamp' takeover offer
Teesland, the Edinburgh-based property fund manager, has agreed a £200 mln (EUR 298 mln) takeover offer from SCAMP Holdings, a property company controlled by chairman of Sheffield United football club Kevin McCable. SCAMP, whcih accounts for a substantial portion of Teesland's business, is offering 159.25 pence a share for ...
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PropertyEU Archive
ING REIM acquires Polish shopping centre
ING Real Estate Investment Management has acquired the Piast Shopping Centre in Szczecin, Poland for nearly EUR 41 mln. The mall is located in Pomorzany, one of the biggest housing districts of Szczecin.
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PropertyEU Archive
Savills ends alliance with Trammel Crow
International property advisor Savills has ended its strategic alliance with Dallas-based real estate service provider Trammell Crow Company after the closing of the acquisition of TCC by rival CB Richard Ellis.
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PropertyEU Archive
British Land shareholders back REIT conversion
Shareholders of British Land have voted by a landslide in favour of converting the UK property major to a tax-efficient real estate investment trust (REIT) on January 1 next year. Some 307,858,857 votes, 99.98% of the total, were cast in favour of the board's proposal, while only 67,972 votes, or ...
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PropertyEU Archive
Historic bull ring becomes leisure palace
Symbolic of the way modern Spain is changing, one of the two historic bullrings in Barcelona is being converted into a EUR 100 million leisure centre; a case of the new replacing the old in Spain's ever-changing architectural landscape.
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PropertyEU Archive
Intervest Offices renews Belgian lease with PCW
Intervest Offices has concluded a new lease with PricewaterhouseCoopers (PwC) for a surface area of 15,786 m[sup]2[/sup] at the Woluwe Garden building complex in Zaventem, Belgium. The total complex has a surface area of 24,081 m[sup]2[/sup] and is entirely rented to PwC, IBM Consulting and Lawfort.
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PropertyEU Archive
Brussels poised to decide on property sell-off
The Belgium government is to decide today on the winning bid for the controversial sale of 62 state properties. The transaction, expected to raise EUR 500 mln, has to be finalised by the end of the year to help balance the budget. Belgian newspaper De Tijd reported on Thursday that ...
