All Real Assets articles in Web Issue – Page 303
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PropertyEU Archive
Gazeley sees logistics market shake-up
The lack of funding to develop new and existing logistics is forcing developers to cancel projects or pull out of some markets altogether, saysThomas Karmann, SVP of European operations at Logistics firm Gazeley. Speaking on the first day of EXPO REAL in Munich, Karmann said that he had just ...
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PropertyEU Archive
PropertyEU live from Munich
PropertyEU is providing extensive coverage of EXPO REAL, the international property fair in Munich this week. On each of the three days of the event PropertyEU is publishing a 48-page Daily News magazine with all the major news from what is set to be one of the most closely followed ...
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PropertyEU Archive
ProLogis fund buys 50.000m[sup]2[/sup] in Ile-de-France
ProLogis European Properties Fund II (PEPF II) has signed an agreement with Eurocommercial Properties for the purchase of two class-A logistics buildings located in the south-east and west of Paris. The first property, with a surface of 20,000 m2, is located in Lieusaint along the Paris-Lyon highway. The property is ...
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PropertyEU Archive
Curzon/AEW Europe, Cleaveland JV buys EUR 146m portfolio
Curzon Global Partners/AEW Europe together with Cleaveland Asset Management have jointly purchased a EUR 146 mln portfolio of 32 French office assets. The portfolio was acquired from Credit Agricole Asset Management on behalf of the EUR 800 mln European Property Investors Special Opportunities Fund (EPISO) recently raised by ...
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PropertyEU Archive
Eurasia Capital to launch logistics fund in 2009
Newly-founded Eurasia Capital, the investment fund arm of Eurasia Logistics plans to launch a logistics-based fund for institutional investors in 2009. In an interview with PropertyEU at EXPO REAL in Munich, Eurasia Capital CEO Alexandre Kotcherguine said the fund will initially focus on logistics assets in Russia. ‘The Russian logistics ...
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PropertyEU Archive
Behringer Harvard acquires 22 assets in Central Europe
Dallas-based Behringer Harvard said on Monday that its investment platform, known as Wenceslas Behringer, has acquired a portfolio of 22 retail and industrial/logistics assets located in the Czech Republic, Poland, Slovakia and Hungary. The anchor tenants include Carrefour, Tesco, Royal Ahold and Plus.
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PropertyEU Archive
Confident Inteco invests EUR 250 mln in mixed-use tower in Moscow
Russian developer Inteco is to invest EUR 250 mln in the construction of a 62,000 m[sup]2[/sup] office and residential tower in south-western Moscow. The building will also include retail on the ground floor, a spa and fitness centre and has a panoramic restaurant and rest zone on the 43rd floor.
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PropertyEU Archive
‘Wall of equity’ hanging over market mounts to EUR 250 bn, says CBRE
Property broker CB Richard Ellis estimates that the ‘wall of equity’ waiting to get back into the European property has mounted to nearly EUR 250 bn. In an interview with PropertyEU at EXPO REAL in Munich, CBRE’s head of EMEA Research Nick Axford said there’s no shortage of money out ...
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PropertyEU Archive
Enasarco to offload EUR3 bn Italian assets
Italian pension fund Fondazione Enasarco said its board has approved the sale of the firm's entire real estate portfolio in a move aimed at improving the company’s balance sheet position. In a statement, Enasarco said it hopes to sell the assets over the next four years. The company's real estate ...
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PropertyEU Archive
Generali launches EUR 324 mln closed-end fund
Generali Immobiliare Italia, the property asset management arm of Italian insurance giant Generali, has launched a new closed-end real estate fund for professional investors. The Cimarosa fund is the group’s second property fund after the launch of the Scarlatti vehicle in 2006.
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PropertyEU Archive
Caam RE buys for EUR 35 mln in Milan
Caam Real Estate, the real estate asset management arm of French bank Crédit Agricole, has completed the acquisition of an office building in the northern Italian city of Milan from Svi.Me. The transaction amount comes to EUR 35 mln, excluding costs. The 15,000 m[sup]2[/sup] property is currently let to German ...
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PropertyEU Archive
Jelmoli shareholders to vote on spin-off plan on 5 November
Swiss retailer Jelmoli said Wednesday that its shareholders would be called to vote on a spin-off plan to separate its business into listed real estate and investment units in an extraordinary shareholders' meeting on 5 November 2008.
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PropertyEU Archive
Quantum launches EUR 500m parking fund
Hamburg-based property company Quantum Immobilien said on Monday it has launched the new City Parking special real estate fund for institutional investors. The fund will invest in multi-story car parks and parking lots in Germany and the rest of Europe and will target a size of between EUR 25 mln ...
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PropertyEU Archive
KanAm spezial grundinvest fund acquires Rotterdam office for EUR 57m
KamAm's spezial grundinvest fund has acquired the Laan op Zuid office building in Rotterdam for EUR57 mln. The office, which is let on long leases to two unidentified state institutions, also comes with a GreenCalc +Standards certification and is one of the ‘top ten’ most sustainable office properties in the ...
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PropertyEU Archive
KanAm fund acquires Rotterdam office for EUR 57 mln
KanAm spezial grundinvest fund has acquired the Laan op Zuid office building in Rotterdam for EUR 57 mln. The 24,270 m[sup]2[/sup] office, let on long leases to two unnamed state institutions, also comes with a GreenCalc +Standards certification as one of the ‘top ten’ most sustainable properties in the Netherlands.
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PropertyEU Archive
Klepierre, ABP close acquisition of top Scandinavian mall owner
Listed French property company Klepierre and Dutch pension fund ABP have closed their previously announced EUR 2.7bn acquisition of Steen & Strom, the largest shopping centre owner in the Scandinavia region. After this transaction, Klepierre now owns 56.1% of Steen & Strom's share capital and ABP 43.9%.
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PropertyEU Archive
Goodman accelerates in Central Europe
Australian listed property trust Goodman has announced this week a series of further, major commitment in Central Europe as it picks up the pace up growth in the region.
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PropertyEU Archive
BAM acquires Belgian M&E group FED Holding
Royal BAM Group has acquired all shares of the Belgian mechanical & electrical company FED Holding sa, which is based in Saint-Nicolas, Belgium. The shares were held by the management.
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PropertyEU Archive
DRC and DTZ form joint venture for disposal advice
DTZ and Deutsche RealCorp (DRC) have set up a 50/50 joint venture under the name DTZ RealCorp. The aim of the new company is to advise businesses on the sale of their property assets using DRC's sale-and-lease-back model, while at the same time, creating an investment product for institutional investors. ...
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PropertyEU Archive
C&W exclusive agents to sell Class A business park project in Moscow
Real estate services firm Cushman & Wakefield said its Russian office has been retained by Russian property investor and developer Segment as exclusive agents for the sale of a project to construct the Altek Business Park in Moscow. Construction of the 116,698 m[sup]2[/sup] business park consisting of ...
