All Real Assets articles in Web Issue – Page 300
-
PropertyEU Archive
MH Limited Partnership acquires Paris hotel for EUR 141.5m
French holding company MH Limited Partnership has acquired the celebrated Hotel Prince de Galles from France's Independent National Social Security Fund for Mines for around EUR 141.5 mln.
-
PropertyEU Archive
Ireland sees 70% drop in 2008 investment activity - CBRE
Ireland's commercial property sector has deteriorated drastically in recent months against a backdrop of weakening economic indicators and financial market turmoil, according to a new report from CB Richard Ellis. The lack of bank funding is having a very significant impact on levels of transactional activity in the development and ...
-
PropertyEU Archive
Edizione Property acquires Venice's palace for EUR 53m
Edizione Property, a wholly-owned subsidiary of the Benetton Group, has purchased the Fontego dei Tedeschi historic building on Venice's Canal Grande for EUR 53mln. The 10,000 m[sup]2[/sup] asset was sold at an auction for a starting price of EUR 51mln. The seller and major tenant in the scheme is Le ...
-
PropertyEU Archive
Protego arranges debt refinancing for Nordic Retail Fund
Protego Real Estate Investors has announced that it has refinanced EUR 266mln of debt on its Swedish retail portfolio. The five-year senior debt facility with northern European lender SEB is secured against the Nordic Retail Fund's Swedish portfolio
-
PropertyEU Archive
Banimmo sells Ghent plot to Ikea
Belgian property company Banimmo said that its public-private partnership with public land development firm AG Sob has sold a 40,000-m[sup]2[/sup] land plot in the Belgian city of Ghent for an undisclosed amount. The buyer Vof Bene Property is a development subsidiary of Ikea. The company plans to construct a new ...
-
PropertyEU Archive
Turnaround specialist buys Berlin scheme from insolvent owner
Activum SG Capital Management has acquired a 22,000-m[sup]2[/sup] office and retail complex in Berlin from an insolvent company. The unnamed vendor and Activum agreed not to disclose the transaction volume for the property located in Greifswalder Strasse in the Prenzlauer Berg area of the German capital. This is the ...
-
PropertyEU Archive
ING Real Estate expands to Brazil
ING Real Estate announced on Monday that it is expanding its investment management activities into South America with the opening of a new office in São Paulo, Brazil. Florencio Beccar, who established ING Real Estate's investment management's office in Italy and headed the firm's acquisition team in Spain, has been ...
-
PropertyEU Archive
Catella RE launches 'Global Forest' fund
Catella Real Estate said on Tuesday that its capital investment company has launched the Focus Global Forests fund. Set up as an institutional real estate fund, the vehicle will invest worldwide in a portfolio of woodlands in Eastern Europe, Australia and the United States, among other places. 'The biological growth ...
-
PropertyEU Archive
Redema enters Poland with shopping centre project
Dutch developer Redema has entered the Polish retail market by acquiring a plot of land in Ostrow Wielkopolski to develop a new shopping centre. 'This is our first step on the Polish market as a part of our expansion in Central Europe and Turkey. Previously Redema has realised commercial and ...
-
PropertyEU Archive
Walter Hens resigns from Segro
UK property company Segro has announced that Walter Hens, director of Group Business Development, will be retiring at the end of the year after twenty years service. Ian Coull, Chief Executive of Segro, said: 'Walter has made an immense contribution to the development of Segro across Europe, initially as country ...
-
PropertyEU Archive
Renta Corporacion sells 12% stake in Mixta Africa
Spanish property company Renta Corporación has reached an agreement with private equity firm Kingdom Zephyr Africa Management to sell its 11.6% stake in Mixta Africa for EUR 25 mln. Following this transaction, the company holds a 3.1% stake in Mixta Africa.
-
PropertyEU Archive
UK real estate investment drops 58% in 2008
International property services firm Jones Lang LaSalle (JLL) estimates that direct real estate investment activity in the UK during the third quarter of 2008 stood at circa £5bn (EUR 6.3 bn), slightly below the £6bn recorded in the previous quarter. This translates into a year to date total of £18bn, ...
-
PropertyEU Archive
Central London investment activity declines further in Q3
A total of £1.2 bn of transactions took place during the third quarter in the Central London commercial property investment markets, according to a research report issued by Cushman & Wakefield this week. The figure represents a 40% drop on the second quarter and about 20% of the total turnover ...
-
PropertyEU Archive
GPT Halverton buys for EUR 65m from White Estates
European real estate investment manager GPT Halverton has acquired six properties in the Netherlands for a total of EUR 65 mln. The seller is a consortium led by Dutch private investor White Estates Investments.
-
PropertyEU Archive
Corio completes EUR 650m portfolio sale to White Estate
A consortium led by private investor White Estate Investments has finalised the acquisition from Corio of a EUR 650 mln portfolio of office and industrial assets in the Netherlands. In a statement, Corio said it received payment of EUR 622 mln at the end of September and added that it ...
-
PropertyEU Archive
Kungsleden acquires two public properties
Listed Swedish property company Kungsleden said it had entered an agreement with construction and civil engineering corporation Peab to acquire two public properties with a total lettable floor-space of 7,282m[sup]2[/sup] for SEK 13 mln (EUR 1.34 mln). The properties, which are currently under construction, are located near Stockholm. Kungsleden is ...
-
PropertyEU Archive
Helaba appoints head of Real Estate Finance France
German regional bank Helaba Landesbank Hessen-Thuringen has appointed Roland Fuchs to become the new Head of Real Estate Finance France. Fuchs, who has been active in pan-European real estate lending for 15 years, formerly built up the origination activities in continental Europe, including the origination office in Paris for Westdeutsche ...
-
PropertyEU Archive
Union Investment buys Movenpick-Hotel from Vivico
CA Immo's Vienna-based subsidiary Vivico Real Estate said it has sold the Movenpick hotel in Frankfurt to German investor Union Investment Real Estate for EUR 63 mln, including costs. Union Investment will add the property to the portfolio of its open-ended ImmoInvest: Europa fund for institutional investors. Atisreal advised Vivico ...
-
PropertyEU Archive
Citycon opens first phase of Tallinn shopping centre
Finnish property company Citycon said on Wednesday that its Rocca al Mare shopping centre has opened the first of its new sections. The development project consists of three phases and completion is expected in December 2009. As a result of this project, Citycon now owns over a quarter of the ...
-
PropertyEU Archive
Savills: Higher risk premiums drive upward yield shift
Higher risk premiums have generated further upward pressure on yields, with average prime office yields having moved out by 60 basis points over the last 12 months, according to Savills' latest European office markets report. The report states that the average CBD yield is 5.5% with cities such as Amsterdam, ...
