All Real Assets articles in Web Issue – Page 310
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PropertyEU Archive
Irish acquire German shopping centre
A group of private Irish investors has acquired RastpfuhlCarre shopping centre in the German city of Saarbrucken from project developer ROLEG for about EUR 13 mln. Savills advised the buyers.
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PropertyEU Archive
Multi Turkmall opens Forum Ankara
Multi Turkmall has said its new Forum Ankara Shopping and Lifestyle Centre will likely attract more than 10 million visitors a year. The centre opened its doors to the public on 18 October.
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PropertyEU Archive
STE becomes sole owner of Nantes business park
Paris-listed Societe de la Tour Eiffel has become the sole owner of Parc du Perray in the French city of Nantes after signing a purchase agreement for the acquisition of an obsolete 1,500-m[sup]2[/sup] office building on the site.
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PropertyEU Archive
PSP Swiss Property to begin share buyback
PSP Swiss Property is to buy back up to 5% of its issued shares over the next three years. The company said it is opening a Second Trading Line on the SIX Swiss Exchange on 23 October to repurchase up to 2.3 million shares. The buyback programme will run until ...
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PropertyEU Archive
Cluttons opens for business in Greece
London-based property consultancy Cluttons has expanded it its Mediterranean coverage with an associated office in Athens. Cluttons Greece, which will oversee the markets of Greece and Cyprus, and will focus primarily on high-end residential properties.
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PropertyEU Archive
Redevco opens first C&A 'eco-store'
Real estate company Redevco has said that the renovated C&A clothing store which re-opens in the German city of Mainz on Wednesday sets new standards for sustainability management in the large city-centre retail sector. The 6,500-m[sup]2[/sup] building, originally constructed in 1961, has undergone an extensive overhaul in the last 12 ...
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PropertyEU Archive
GVA unveils plans for first outlet centre in Slovenia
GVA Grimley Outlet Services has said that the phase one of the first retail outlet centre in Slovenia is due to open in autumn 2010. Ljubljana Outlet Centre is a joint venture between a local developer and Raiffeisen Leasing. The centre will provide 25,000 m[sup]2[/sup] of outlet space in ...
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PropertyEU Archive
Hypo's Dunne to focus on running Depfa unit
Hypo Real Estate, Germany's second largest property lender, has named its chief operating officer Cyril Dunne as the permanent CEO of Depfa Bank, the group's Dublin-based infrastructure and public lending subsidiary. The supervisory board of Hypo Real Estate appointed Frank Krings to replace Dunne as the group's chief operating officer.
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PropertyEU Archive
Sonae Sierra and Rockspring open Pantheon Plaza in Greece
Pantheon Plaza, a new shopping and leisure centre developed in partnership by Sonae Sierra and Rockspring Property Investment Managers, opens its doors to the public in the central Greek town of Larissa on Thursday.
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PropertyEU Archive
Hochtief to buy back EUR 140m worth of shares
German construction group Hochtief has announced the launch of a share buyback of up to 3.47 million shares. The shares, with a value of around EUR 140 mln, will be bought by the company's pension fund, Hochtief Pension Trust. The share buyback programme was first approved during a meeting in ...
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PropertyEU Archive
Retail volumes down by half on 2007 level - JLL
The total volume of retail real estate transactions in the first three quarters of 2008 was EUR 11 bn, a little more than half the EUR 21 bn recorded in the same period last year, Jones Lang LaSalle has said in a new report.
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PropertyEU Archive
Sponda sells retail and office property for EUR 28m
Finnish real estate investment company Sponda has signed a binding agreement to sell a retail and office property located in the centre of Espoo to Tapiola KR III Ky property fund for EUR 28.3 mln. The Tapiolan Toimitalo property contains 5,000 m[sup]2[/sup] of retail premises and 2,300 m[sup]2[/sup] of offices. ...
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PropertyEU Archive
European investment activity stabilises in Q3 - CBRE
European commercial real estate investment activity remained stable in the third quarter of 2008 at EUR 26.4 bn, slightly below the EUR 27 bn registered in the second quarter of 2008, according to the latest research report issued by CB Richard Ellis. The figure brings the turnover for Europe's investment ...
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PropertyEU Archive
Commerz Real invests EUR 76m in Rotterdam development
Commerz Real has acquired an office development in the heart of the Dutch port city of Rotterdam for EUR 76 mln on behalf of the hausInvest europa open-ended fund. Construction of the 12-storey building began recently and is scheduled for completion in the summer of 2010. The seller was Dutch ...
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PropertyEU Archive
Sibir snaps up Moscow assets for EUR 89m
Russian energy company Sibir has acquired two properties in Moscow for a total of $115.4 mln (EUR 89.2 mln) from companies connected to Chalva Tchigirinski, the group's largest shareholder. The company has agreed to acquire the Sovetskaya Hotel in Moscow for $81.7 mln, of which $57.7 mln has already been ...
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PropertyEU Archive
Alstria office secures EUR 95m refinancing
German real estate investment trust Alstria Office REIT has said it has secured EUR 95 million in debt refinancing as part of its strategy to align its underlying financing with its asset-specific business plans and increase the flexibility of its credit lines.
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PropertyEU Archive
Hammerson schemes get 'Excellent' BREEAM rating
Hammerson, the UK real estate investment trust (REIT), has secured an 'Excellent' environmental rating for its developments at Cabot Circus, Bristol and 60 Threadneedle Street in the City of London.
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PropertyEU Archive
Union Investment buys two office buildings in Munich
Hamburg-based Union Investment Real Estate has acquired two office buildings in Munich for its UniImmo: Deutschland open-ended real estate fund. Union Investment purchased the Laim290 from Vivico Real Estate AG in a transaction worth around EUR 30 mln. The deal was brokered by AtisReal.
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PropertyEU Archive
Pramerica buys two office properties from Invista
Pramerica Real Estate Investors has acquired two office properties in the French city of Lyon from Invista European Real Estate Trust for a total of EUR 56 mln. The first property is located at Ecully in Lyon and comprises 11,448 m[sup]2[/sup] of office space let to IBM, BASF Agro and ...
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PropertyEU Archive
Carpathian may consider selling company
Carpathian, the AIM-listed retail commercial property investor, has announced it is launching a strategic review which could result in the sale of the entire company. Hawkpoint Partners has been appointed to as financial adviser to assist Carpathian's board with the evaluation of the company.
