All Real Assets articles in Web Issue – Page 283
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PropertyEU Archive
Pik and Strabag form Moscow jv
Russian residential development group Pik and Austria construction company Strabag have launched a joint venture, named ILBAU, to act as general contractor for Pik's business class and high-end individual concrete residential development projects in Moscow.
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PropertyEU Archive
GPT Halverton lets to Dutch energy firm
GPT Halverton has concluded an agreement to let a 6,000-m[sup]2[/sup] office building to energy group Essent in the Dutch city of Rosmalen for a 10-year term.
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PropertyEU Archive
FTSE UK commercial property total return index -1.44% in July
The FTSE UK Commercial Property Index fell 1.44% in July 2008, after recording a 1.1% drop in the month earlier, bringing the total return over the last 12 months to -12.79%. The FTSE UK Commercial Property Capital Index experienced a net return of -1.83% in July, compared with -1.5% in ...
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PropertyEU Archive
Whitbread invests £100m on new hotels
UK hotel and restaurant group Whitbread said it will invest about £100mln (EUR 128mln) to open nine new Premier Inn hotels and five new pub restaurants after securing a string of property deals. The announcement came a week after the company said it was acquire 21 hotels, currently operating as ...
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PropertyEU Archive
PREF acquires two retail parks for EUR 135m
PREF, a partnership between British Land and Doric Properties, has completed the purchase of two European retail schemes for about EUR 135mln. In a statement, PREF said it has acquired Santarem Retail Park, a 28,253-m[sup]2[/sup] retail scheme in the central region of Portugal, for EUR 35mln from owner and developer ...
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PropertyEU Archive
Atlas pinpoints EUR 54m bank facility
Atlas Estates has obtained a EUR 54mln loan from the Polish division of Raiffeisen Bank for the construction of the Platinum Towers residential development in Warsaw.
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PropertyEU Archive
Deka fund acquires major Lithuanian mall
A German Westinvest InterSelect fund, represented by Deka Immobilien, has acquired Akropolis Kaunus in what has been described as one of the newest and largest shopping centres in Lithuania for a transaction volume believed to be in the region of EUR 220mln. The 60,000 m[sup]2[/sup] shopping centre was developed by ...
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PropertyEU Archive
Golden age of Czech retail has ended: DTZ
Retail market saturation in Prague and in many other regional Czech cities is starting to be felt by developers, according to global property adviser DTZ. In a note on the Czech retail market, DTZ said 'the golden age of Czech retail, when practically every project was a success, has ...
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PropertyEU Archive
Anders Danielsson to head Skanska Sweden
Anders Danielsson has been appointed president of Skanska Sweden to replace Mats Williamson who recently moved to become president of Skanska UK.
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PropertyEU Archive
Regis backs away from bid for Grainger
UK-based real estate investor and developer Regis Group has said it is not going to pursue a takeover of Grainger, the largest listed residential property company in the UK, citing ongoing uncertainty on housing prices and the economic environment.
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PropertyEU Archive
Local shopping REIT poised to go bargain hunting
UK real estate investment trust Local Shopping REIT said that it has begun to see signs of distressed selling and hopes to take advantage of buying opportunities when property values fall further in 2009.
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PropertyEU Archive
Valad fund buys student flats in London
Australia's Valad Property Group has acquired a student accommodation development in central London for about £30mln (EUR 38mln). The newly built 247-unit Therese House property is located near the Barbican EC1. It offers a mix of cluster apartments and studios, plus entertainment and social facilities.
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PropertyEU Archive
Cap & Reg in talks to set up German retail jv
Capital & Regional, the London-based co-investing property manager, has confirmed that it is in talks to establish a joint venture for its portfolio of 50 out-of-town retail parks in Germany. The company issued a short statement acknowledging the talks in response to reports that it was negotiating with Apollo Real ...
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PropertyEU Archive
JLL names new head for capital markets in Czech Republic, Slovakia
Jones Lang LaSalle said it has appointed George Lewis as its new head of capital markets for the Czech Republic and Slovakia, effective in September. Lewis joins Jones Lang LaSalle from DTZ, where he had also been in charge of capital markets for these two countries, and will replace ...
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PropertyEU Archive
XXI Century to sell logistics portfolio
XXI Century Investments, the Ukrainian property investment and development company, has announced it is to sell its logistics portfolio to a 'major European developer'.
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PropertyEU Archive
HausInvest Europa gets first logistics property
Commerz Real has acquired the Comet logistics development in Harlow near London for its HausInvest Europa open-ended property fund. The total investment volume comes to EUR 50mln. The 35,500-m[sup]2[/sup] asset was sold by Kenmore Capital.
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PropertyEU Archive
Union Investment expands holdings in Japan
Hamburg-based Union Investment Real Estate has acquired the Solado Harajuku commercial building in Tokyo's Harajuku district for its open-ended real estate fund UniImmo: Global, in a transaction worth EUR 91mln.
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PropertyEU Archive
HDG Mansur launches two global funds
HDG Mansur, the US-based specialist in Shariah-compliant real estate investment structures, has announced the launch of two new global funds. The firm says the funds are expected to have a combined total size of more than $1bn (EUR 671mln).
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PropertyEU Archive
Henderson spends EUR 20mln on Swedish retail property
Henderson Global Investors has acquired a retail warehouse near Sundsvall in northern Sweden for about EUR 20mln. The site in Birsta covers 30,000 m2, including 9,387 m[sup]2[/sup] of retail warehousing and 300 car park spaces. Seven national retailers specialising in the home improvement sector are renting space at the facility.
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PropertyEU Archive
Lehman seeks to sell $40bn real estate portfolio
US investment bank Lehman Brothers is reportedly in talks to sell its $40bn (EUR 27.2bn) portfolio of commercial real estate, mortgages and mortgage-backed securities to shore up its battered balance sheet.
