All Real Assets articles in Web Issue – Page 286
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PropertyEU Archive
Wolbern Invest buys Albert Heijn headquarters in Zaandam
German investor Wolbern Invest has entered into an agreement to acquire the headquarters of Dutch supermarket chain Albert Heijn for EUR 76mln. The office building, located in the Dutch city of Zaandam, provides 29,100 m[sup]2[/sup] of space and 400 parking spaces and is fully leased to Albert Heijn on a ...
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PropertyEU Archive
Institutional investors buy into Q-Park
European parking group Q-Park said on Friday that it has welcomed seven new shareholders to its ranks. Several Dutch pension funds (St. De Samenwerking/Pensioenfonds Slagersbedrijf, St. Pensioenfonds Beroepsvervoer over de Weg, St. Pensioenfonds Grafische Bedrijven, St. Pensioenfonds Woningcorporaties, St. Spoorwegpensioenfonds and St. Pensioenfonds Openbaar Vervoer) have acquired stakes in the ...
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PropertyEU Archive
Degi fund shops in Prague
Degi, part of Aberdeen Property Investors, has completed its second investment in Prague with the purchase of the fully let mixed-use complex Andel Palace in Prague. The purchase price amounts to around EUR 57mln. The property will be added to the Degi International open-ended property fund. The seller, which was ...
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PropertyEU Archive
Corio invests in 11th Turkish shopping centre
Corio, a listed retail property investment company, has acquired a 25,000-m[sup]2[/sup] shopping centre project in the Turkish city of Tarsus. The retail scheme is being developed in cooperation with ACTEEUM, a privately owned real estate developer and asset manager that works for professional investors in emerging markets.
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PropertyEU Archive
Hypo RE provides EUR 241m financing to Oaktree
Germany's leading commercial property bank Hypo Real Estate Bank said on Tuesday that it is to provide EUR 241mln in financing for the Herkules portfolio. The portfolio was acquired by US private equity firm Oaktree from Germany's Deka Fonds in the summer of 2006.
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PropertyEU Archive
Cap&Reg fund sells Templars retail park for £57 mln
UK asset manager Capital & Regional said on Tuesday that its retail park-focused fund, The Junction, has exchanged contracts for the sale of Templars Retail Park, in Oxford, for £57 mln (EUR 72 mln). The property is being acquired by a subsidiary of Resolution Properties. The deal reflects a net ...
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PropertyEU Archive
Commerz Real acquires Vienna office projects for EUR 98m
German investor Commerz Real said on Tuesday that it has acquired two office developments at the TownTown urban development project in Eastern Vienna for EUR 98mln. The buildings are scheduled for completion during the first half of 2010. In a statement, Commerz Real said that negotiations with prospective tenants are ...
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PropertyEU Archive
SEB acquires office project in Cologne
SEB Asset Management has signed an agreement to acquire the Cacilium office project in Cologne for an investment volume of EUR 75 mln. The seller is KK 10, a special-purpose vehicle created by Essen-based real estate company Kolbl Kruse.
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PropertyEU Archive
JER Catalyst sells two buildings in Brussels
JER Catalyst has sold two building in the centre of Brussels to a private Belgian investor for an undisclosed sum. The first building comprises 2,400 m[sup]2[/sup] of space and features a striking facade on Rue de Namur 72-74. The property includes commercial premises on the ground floor with 400 m[sup]2[/sup] ...
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PropertyEU Archive
Foxtons mulls signing up Rothschild for business review
BC Partners, the new owner of UK estate agent chain Foxtons, is considering hiring investment bank NM Rothschild to carry out a review of the agent's business amid the credit crunch and the price correction in the British housing market, the Financial Times reported on Tuesday in its online edition. ...
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PropertyEU Archive
Westfield, Simon Group buy into Liberty International
Australian shopping centre group Westfield confirmed on Tuesday that it has acquired a 2.96% stake in UK shopping centre REIT Liberty International. In a statement, the company said that it had purchased close to 11 million shares in Liberty International in June and July at an average price of 835p. ...
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PropertyEU Archive
Pik Group buys major development site in Krasnodar
Russian leading developer Pik Group said on Tuesday that it is expanding into another new city in Russia's regions with the acquisition of a major land plot in the city of Krasnodar. The total area acquired is around 24 hectares on which the firm plans to develop approximately 250,000 m[sup]2[/sup] ...
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PropertyEU Archive
Irish property values to fall further - CBRE
Commercial property values in Ireland have further to fall before transaction activity improves, CB Richard Ellis has said. According to the Irish Capital Markets Market View report for the third quarter of 2008, the property investment market in Ireland has come to a virtual standstill in recent months with ...
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PropertyEU Archive
CBRE: Irish investment market at virtual standstill
The Irish investment market is going through a 'very challenging period' as deals in the commercial property sector fell by almost 80% year-on-year in the first half of 2008, CB Richard Ellis said on Tuesday. In its new research report 'Irish Capital Markets Market View', the property services firm said ...
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PropertyEU Archive
'ING RE to sell central London office portfolio'
ING Real Estate is believed to be offloading its central London office assets worth over £200 mln (around EUR 250 mln), according to reports by Property Week. The company is reportedly selling 88 Wood Street in the City of London for around £190 mln to US private investment firm Atlantic ...
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PropertyEU Archive
Cohen & Steers launches global hedged RE fund
New York-based investment manager Cohen & Steers has launched the Global Real Estate Long-Short Offshore fund. The fund manager, Todd Voigt is supported by a team of analysts and traders in New York, London, Brussels and Hong Kong.
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PropertyEU Archive
Degi invests in Frankfurt
German property investment company Degi has bought a building on Zeil, Frankfurt's main retail street, for over EUR 30 mln. The fully let commercial building was sold by Nassauische Sparkasse (NASPA), which will remain in the building as a long-term tenant. Degi was advised by Kempers Jones Lang LaSalle Frankfurt.
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PropertyEU Archive
Middle East growing source of hotel investment
The Middle East has emerged as the major geographical source of hotel investment since January. The region accounted for 30% of the total investment volume in the sector compared to 12% during the same period in 2007, according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Lone Star snaps up IKB
Private equity firm Lone Star has agreed to pay a 'low three-figure sum' for German lender IKB, the first high-profile causality in Europe of the subprime mortgage crisis.
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PropertyEU Archive
WDP lifts H1 net profit by 11.5%
Closed-end property investment company Warehouses de Pauw (WDP) reported net profit increased by a higher-than-expected 11.5% to EUR13.9 mln in the first six months of 2008 from EUR12.5 mln in the year-earlier period. Earnings per share amounted to EUR1.62, up from EUR1.45 in the same period a year ago.
