All Real Assets articles in Web Issue – Page 289
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PropertyEU Archive
HSH Nordbank provides £325m financing to Big Yellow
German bank HSH Nordbank said on Tuesday that it has arranged and underwritten a £325mln, five-year facility for Big Yellow, the leading provider of self storage facilities in the UK. The loan will replace a similar facility provided by a syndicate of banks led by the Royal Bank of Scotland. ...
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PropertyEU Archive
Sponda sells hotel for EUR 42m
Finnish real estate investment company Sponda said it has completed the sale of Kluuvikatu 8 to a real estate fund managed by Exilion Capital Oy for approximately EUR 42 mln. Kluuvikatu 8 is a real estate company which owns a 10,000 m[sup]2[/sup] property in Helsinki. The asset is rented under ...
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PropertyEU Archive
Nestle instructs King Sturge on Dutch disposal
Nestle Nederland has instructed property adviser King Sturge to dispose of the land and buildings of its distribution centre at Alphen a/d Rijn following the change of logistics provider. The commission is to dispose of the 14,000-m[sup]2[/sup] industrial building before the end of 2008 at the maximum value and for ...
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PropertyEU Archive
Europe edges up in EPRA/NAREIT index
The EPRA/NAREIT Europe Index edged upwards to +1.7% for August 2008. At a country level, the returns were very similar to the previous month. The EPRA/NAREIT UK index was up 5.7%, while the EPRA/NAREIT France dropped further by -0.3%. The EPRA/NAREIT Sweden rose +6.9% by the end of the month. ...
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PropertyEU Archive
New site for investors in Real Estate funds
A new website has been launched to give investors access to information on the both non-listed and listed real estate funds in Europe. Jurg La Fors, the founder of the internet platform - www.compire.info - says the concept is so simple he is surprised it didn't already exist. 'In ...
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PropertyEU Archive
Orpea to sell EUR 200m assets to OPCI fund
French nursing home Group Orpea plans to create an OPCI investment vehicle to which it will transfer part of its EUR 1.4bn real estate portfolio. The company, which announced earlier this year it would outsource half of its assets to strengthen its nursing home business, expects the launch of the ...
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PropertyEU Archive
Sweden spurs GPR 250 Europe into positive territory
Sweden led the rally as European real estate shares finished up + 2.5% in the August edition of the GPR 250 Europe Index after several months in negative territory. On a country level, Sweden was the clear 'out-performer', GPR said, as the Scandinavian country ended the month with a ...
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PropertyEU Archive
Hypo RE provides EUR 264m financing to Prologis
Hypo Real Estate Bank International said on Wednesday that it has provided a EUR264 mln loan facility to ProLogis European Properties Fund II to refinance 34 distribution facilities located in Central Europe. In a statement, Hypo RE said it acted as Facility Agent, together with Aareal Bank, Deutsche Postbank and ...
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PropertyEU Archive
Dic Asset sells for EUR 27m
Frankfurt-based company Dic Asset has sold six commercial properties for a total volume of approximately EUR 27mln. The properties have total floor space of 17,000 m[sup]2[/sup] and are situated in prime locations in Hamburg, Berlin, Frankfurt, Mannheim and Bensheim. The buyers included both private and institutional investors. DIC Asset was ...
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PropertyEU Archive
Babcock & Brown appoints new CFO
Babcock & Brown, the international investment and specialised fund and asset management firm, has announced that it has appointed John Fanning as Chief Financial Officer, effective immediately. Fanning replaces Michael Larkin who was appointed CEO and managing director on 21 August 2008.
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PropertyEU Archive
Atrium appoints Hakert as COO
Atrium European Real Estate, the Vienna-listed shopping centre property company formerly known as Meinl European Land, has announced the appointment of Nils-Christian Hakert as Chief Operating Officer.
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PropertyEU Archive
CBRE Investors opens new office in the Netherlands
Global real estate investment management firm CB Richard Ellis Investors announced the opening on Wednesday of a new office located near Amsterdam's Schiphol airport. CB Richard Ellis Investors, the fund manager of Strategic Partners Europe, said that the opening is part of its European expansion strategy. In a statement, CBREI ...
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PropertyEU Archive
DTZ: CEE letting market remains immune to sub-prime fallout
Growth in Germany and some Central and Eastern European (CEE) markets, particularly Moscow, shows no sign of letting up despite the credit crunch, according to DTZ's new European Leasing Markets report. 'While some occupier markets have been hard hit, others have yet to register any major impact from the global ...
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PropertyEU Archive
Degi International makes first investment in Japan
Degi, part of Aberdeen Property Investors, has completed its first investment in Japan by signing the sales contract for the fully let retail property La Porte Shinsaibashi in Osaka. The building, purchased indirectly through a real estate company for EUR 90 mln, is earmarked for the Degi International open-ended property ...
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PropertyEU Archive
'Germany favoured over medium term,' says Invista
Germany, together with other less risky property markets, is best positioned to deliver attractive risk-adjusted performance over the medium term as investors re-assess their attitudes towards property pricing and risk, according to the latest research published by Invista REIM. The report, which provides a reassessment of risk-adjusted performance prospects over ...
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PropertyEU Archive
Helaba provides EUR 125m loan to Prime Office Germany
German regional bank Helaba said it has financed the acquisition by Norwegian investment company Prime Office Germany of five office properties worth a total of EUR125 mln. The bank acted as lead arranger, agent and underwriter.
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PropertyEU Archive
Degi completes Iris deal in Romania for EUR 140m
German investor Degi has completed the acquisition of the Iris shopping cente located in Tital, Romania, for EUR140 mln. Broker CBRE Eurisko acted for the buyer. This is the second transaction that Degi, the investment division of the German group Allianz, has completed in the Romanian market recently, following a ...
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PropertyEU Archive
Epra 2008: Epra launches cross-border REIT initiative
The European Public Real Estate Association (Epra) has launched a discussion paper which it says offers a blueprint for facilitating more effective cross-border investment into and by European real estate investment trusts (REITs).
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PropertyEU Archive
Epra 2008: UK companies top sustainability list
British Land and Land Securities scored highest on sustainability in an analysis carried out by JP Morgan. The results of the research 'Survival of the Fittest' were presented Thursday at the annual conference of the European Public Real Estate Ssociation (EPRA) currently being held in Stockholm.
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PropertyEU Archive
Epra 2008: FTSE EPRA/NAREIT expands into emerging markets
Investors in the listed property stocks will soon have a benchmark index to enable them to track the performance of the world's emerging markets for the first time. The European Public Real Estate Association (Epra) announced at its annual conference in Stockholm on Thursday that the FTSE EPRA/NAREIT Global Real ...
