All Real Assets articles in Web Issue – Page 311
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PropertyEU Archive
Martinsa Fadesa sells in Morocco
Spanish property company Martinsa Fadesa has sold part of its Moroccan assets to Addoha, its joint venture partner in the country, for a total price of EUR 43 mln. The group has sold plots of lands in Marrakesh and Bouskoura, near Casablanca, which the company said are no longer ...
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PropertyEU Archive
La Lucette sells five assets for EUR 155m
Morgan Stanley's French SIIC Compagnie La Lucette announced on Friday it has signed an agreement to sell a portfolio of three assets to an unnamed French insurance company for EUR 100 mln. The portfolio comprises two office and retail buildings with a surface of some 8,000 m[sup]2[/sup]. The properties, which ...
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PropertyEU Archive
Rockspring shops in Cadiz for EUR 20m
UK investor Rockspring has acquired the Medianas Tres Caminos de Puerto Real retail park in Cádiz for some EUR 20 mln. The park has a gross retail area of 9,250 m[sup]2[/sup] and is let to retailers Media Markt, Lidl, Kiabi and Merkal. Property services firm Savills advised the buyer. The ...
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PropertyEU Archive
Top deals Week 43 (20-24 October 2008)
The largest deal recorded by PropertyEU between 20 and 24 October was the agreement by French SIIC Compagnie La Lucette to sell five assets for EUR 155 mln.
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PropertyEU Archive
Icade sells in Paris for EUR 51m
French property company Icade said on Thursday that it has signed an agreement to sell an office building in in Rue Mogador in Paris for around EUR 51 mln. The company, which made the announcement during the presentation of its third-quarter results, said that the transaction price is 7% higher ...
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PropertyEU Archive
Real I.S. invests EUR 67m in Amsterdam's AFM building
German investor Real I.S. has acquired an office property in Amsterdam for a total of EUR 67 mln. In a statement on Thursday, the Munich-based asset management firm said the building is earmarked for its institutional fund, BGV Bayerische Grundvermögen III SICAV FIS. The seller is Dutch private investor White ...
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PropertyEU Archive
CdD, Eurosic complete acquisition of Terra Nova II
French state-owned bank Caisse Des Depots and listed property investment company Eurosic said on Friday that they have completed the purchase of the Terra Nova II office building in Montreuil sous Bois in a 50/50 joint venture for EUR 153 mln. The sale agreement was initially signed in July this ...
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PropertyEU Archive
London's American embassy goes on sale
London's American Embassy building in Grosvenor Square has been put on the market following the US Department of State's decision to acquire a new site on the South Bank of the River Thames. The building occupies the entire western end of Grosvenor Square and covers a gross area of some ...
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PropertyEU Archive
Pirelli RE gets approval for last phase of Bicocca project
Italian property giant Pirelli RE said it has been granted approval by the city of Milan, Lombardy region and the Bicocca University for the completion of its Grande Bicocca urban redevelopment project in northern Milan. The Italian group is now to launch the last phase of its Bicocca masterplan, which ...
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PropertyEU Archive
Baltic Property to develop largest Polish waterfront project
Denmark's Baltic Property Trust has announced that it is launching the 'Young City' development in Gdansk, the biggest waterfront revitalisation project in Poland. The City of Gdansk, BPTO Infra and BPTO Gdansk Development have signed an agreement covering the construction of Young City.
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PropertyEU Archive
Polish developer rejects claim of 'bankruptcy risk'
Warsaw-listed developer Echo Investments has challenged a suggestion it is among a large group of Polish companies at risk of being crushed by the credit crunch.
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PropertyEU Archive
Shopping centres continue to boom in Europe - C&W
New shopping centres comprising a record 15 million m[sup]2[/sup] of retail floorspace are expected to open in Europe by the end of 2008, according to the latest European Shopping Centre Development Report from real estate adviser Cushman & Wakefield (C&W).
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PropertyEU Archive
Vinci, Carrefour team up to build two retails parks in Seine et Marne
French property developer Vinci Immobilier is joining forces with investor Carrefour Property, the real estate arm of the French retail giant, to develop two retail parks in Nanteuil-les-Meaux and Mareuil-les-Meaux, in the Seine et Marne region of France. The investment amount was not disclosed.
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PropertyEU Archive
Occupier demand for logistics space remains buoyant - JLL
Occupier demand for European distribution warehousing remained buoyant during the first six months of 2008 athough investment activity was down 38% year-on-year at EUR 4.5 bn, according to Jones Lang LaSalle's latest European Logistics Report. Occupier demand in the European logistics sector in the first half saw an increase of ...
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PropertyEU Archive
Hines fund buys office project from Nexity
US investor Hines has acquired the Pointe Metro office project in Gennevilliers, in the northwestern suburbs of Paris, from Nexity Entreprises for an undisclosed amount. The property is earmarked for the Hines European Value Added Fund (HEVAF).
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PropertyEU Archive
Goodman and GPT seek to improve capital positions
Goodman Group, the international logistics and business park group, is poised to make an announcement on what the company described as 'capital management initiatives'. Trading in the company's shares was halted on the Australian Stock Exchange on Friday pending the announcement.
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PropertyEU Archive
First Industrial CEO resigns
Logistics developer and investor First Industrial announced on Thursday that Michael W. Brennan has stepped down with immediate effect as the company's President and Chief Executive and as a member of the company's board. First Industrial added that it has set up a committee to conduct the search for a ...
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PropertyEU Archive
Colonia terminates solar project partnership
Cologne-based Colonia Real Estate has dissolved its business cooperation with Systaic, a month after the Dusseldorf-based provider of solar panel systems had signalled the partnership was finished. Colonia said its legal assessment was that the cancellation was invalid but it could see 'no basis for further successful cooperation' with Systaic.
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PropertyEU Archive
Corpus Sireo fund shops in Gothenburg
Germany's Corpus Sireo said its Pan-European fund No. 4 has acquired a retail and office center near Gothenburg, Sweden, for an undisclosed amount. The property is located in the town of Partille, some 10 km northeast of Gothenburg, and provides 17,500 m[sup]2[/sup] of retail and office space as well as ...
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PropertyEU Archive
Three directors out as GPT Halverton focuses on stabilsation
GPT Halverton has confirmed that three of its senior directors have left the company as a result of a difference of opinion on the strategy the real estate investment fund and asset manager should pursue.
