All Real Assets articles in Web Issue – Page 282
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PropertyEU Archive
ICSC seeks entries for 2009 Awards
The International Council of Shopping Centers (ICSC) has launched its European Shopping Centre Awards programme for 2009. Shopping centre schemes, either new or refurbished, completed in the period 1 July 2006 to 20 June 2008 are eligible. Entries must be received by 5 September 2008 via www.icsc.org/europeanawards.
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PropertyEU Archive
AFI Development gets EUR 267m loan facility
AFI Development, the Russian unit of Africa-Israel Investments, has obtained two loan facilities totalling $414mln (EUR 267mln) from Russian lender VTB Bank.
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PropertyEU Archive
Henderson to acquire 3 UK outlet malls for EUR 461m
Henderson Global Investors (HGI) has exchanged contracts to acquire three outlet malls in the UK for £364.5mln (EUR 461mln), making it one of the largest commercial property deals in the UK so far this year.
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PropertyEU Archive
Speymill gets EUR 377m bank financing for portfolio
A consortium of German lenders HSH Nordbank and Nord LB and NIBC Bank of the Netherlands has agreed to underwrite a EUR 277mln facility for London-based Speymill Group. The credit line has been made available to Speymill to establish a property portfolio spread throughout Germany. The portfolio, consisting 90% of ...
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PropertyEU Archive
Hypo injects EUR 424m financing into Tour Eiffel group
Hypo Real Estate Bank International has completed a EUR 424mln financing facility to allow Paris-listed real estate investment trust Societe de la Tour Eiffel (STE) to expand its business park activities. The funding was provided to Locafimo, a wholly owned subsidiary of STE, and becomes effective on the date of ...
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PropertyEU Archive
Quinlan Private sells 50% of Jurys Inns to Oman
Quinlan Private, the Irish private equity real estate group, has sold a 50% stake in its Jurys Inns portfolio company to the Oman Investment Fund (OIF), an investment arm of the Sultanate of Oman. The sales price was not disclosed although media reports have suggested the transaction was worth about ...
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PropertyEU Archive
SEB re-enters UK market with EUR 63m buy
SEB Asset Management has re-entered the UK real estate market after an absence of several years by purchasing a prime logistics property in West Moor Park in Doncaster for EUR 63mln.
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PropertyEU Archive
Irish Life buys mixed-use centre in Liege for EUR 70m
Irish Life Assurance has acquired the Ilot Saint Michel mixed-use property in the centre of the Belgian city of Liege from Netherlands-based ING Real Estate for EUR 70mln. ING Real Estate said the divestment of the property was one of the final steps of a programme begun a few years ...
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PropertyEU Archive
Gazit-Citi jv completes EUR 800m takeover of Meinl
Tel Aviv-listed Gazit Globe and Citi Property Investors have completed the EUR 800mln takeover of CEE retail property specialist Meinl Land (MEL) and changed its name to Atrium European Real Estate.
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PropertyEU Archive
Aareal real estate research award goes international
German lender Aareal has announced it is extending the scope of its 2009 'Excellence in Real Estate Research' competition to include students from international universities. The award, held in conjunction with the Real Estate Management Institute (REMI), features prizes totalling EUR 10,000 to 'reward superior scientific endeavour in the field ...
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PropertyEU Archive
Zurich Financial picks CBRE as adviser for European portfolio
Zurich Financial, the insurance-based financial services group, has selected CB Richard Ellis as its preferred provider of commercial real estate services in Europe. The agreement covers a 560,000 m2-portfolio of 520 offices in nine countries.
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PropertyEU Archive
C&W’s Russian office exclusive leasing agent for Class A Moscow office development
Russian property firm Legion Development has retained Cushman & Wakefield’s Russian office as exclusive leasing for its Class A Legion II office development in the Moscow business district of Zamoskvorechye.
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PropertyEU Archive
Development Securities gives Oriental City buyer another loan reprieve
Development Securities, the listed UK real estate developer and investor, has agreed to extend the due date on the £52mln (EUR 65mln) loan notes from the 2007 disposal of its Oriental City retail scheme until 15 September 2008 in order to give the purchaser more time to complete its financing ...
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PropertyEU Archive
Flowers joins Hypo RE's supervisory board
US investor Christopher Flowers has been appointed to the supervisory board of Hypo Real Estate after his JC Flowers buy-out firm led the acquisition of almost 20% in the German property lender. Two other positions on the board are being filled by Dr Renate Krummer, managing director of JC Flower's ...
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PropertyEU Archive
IVG Development building bridge-like office building in Munich
German firm IVG Development said that it is developing an architecturally innovative five-storey bridge construction above the buildings of its Media Works Munich business park portfolio property. IVG Development said that 65% of the five floors of office space, which starts 30 metres above the ground, have already been pre-let ...
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PropertyEU Archive
Catalyst Capital debuts in Romanian logistics
UK-based Catalyst Capital has acquired a portfolio of nine distribution and logistics units, totalling 54,200 m2, in the western Romanian cities of Arad and Timisoara from Italian company Incontro Prefabbricati for EUR 25mln. Catalyst, a pan-European investment, asset management and development group, bought the assets for its EUR 200mln WCC ...
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PropertyEU Archive
Palatium recruits Citigroup team for mezzanine, preferred equity funds
Private equity real estate investor Palatium has recruited a specialist mezzanine and preferred equity team from Citigroup to managed planned specialist funds in the area. Keith Davidson, formerly a director with Citigroup's London real estate debt group, and James Tarry, formerly a vice president in that same group, are joining ...
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PropertyEU Archive
Union Investment shops in San Deigo for Europa fund
Hamburg-based Union Investment has announced the acquisition of an office building in the US city of San Diego for its open-ended real estate fund UniImmo: Europa.
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PropertyEU Archive
GWB and HSH establish retail jv
Frankfurt-listed GWB Immobilien and HSH Real Estate, the property unit of Germany's HSH Nordbank, are establishing a joint project company focussed on revitalisation of retail assets.
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PropertyEU Archive
Mark Hutchinson to head new GE Real Estate international unit
GE Real Estate has announced the promotion of Mark Hutchison to president of its newly created GE Real Estate International unit, covering operations in Europe and Asia. Hutchison has been president of GE Real Estate Asia-Pacific since 2005 and was leader of GE's capital markets team from 2002-2005. He ...
