All Real Assets articles in Web Issue – Page 328
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PropertyEU Archive
Foruminvest launches concept & design team
Netherlands-based developer Foruminvest has launched a conceptual design team called Forum Concept & Design. The team is led by Brian King and Remco Osorió Lobato who previously worked for the conceptual design bureau CConcept in The Hague. Both King en Lobato have many years of experience in the conceptual design ...
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PropertyEU Archive
Goodman European Logistics Fund in Venlo leasing deal
Goodman European Logistics Fund (GELF) has signed a 10-year leasing contract for 25,.600 m[sup]2[/sup] of logistics space in the Dutch border town of Venlo. The tenant is a leading clothing producer in Venlo which was seeking to expand its Benelux operations.
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PropertyEU Archive
RICS gives guidance on valuations in 'uncertain times'
The Royal Institute of Chartered Surveyors (RICS) has issued new guidance to valuers conducting valuations in the current highly volatile market environment. Noting that demand for commercial property is falling at the fastest pace in a decade, the organisation cautioned valuers about adding caveats to their reports.
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PropertyEU Archive
Impact of Woolworths, MFI problems limited - IPD
Investment Property Databank (IPD) has calculated that the difficulties at UK retail chains Woolworths and MFI have had limited effect on the IPD's quarterly benchmarked property funds.
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PropertyEU Archive
TCN sells office scheme in Utrecht
Dutch property group TCN has sold the Oudlaen office complex in the Dutch city of Utrecht to a consortium of investors including Parkstaete Groep, Woudstaete Groep, Evergoed, Emroy Holding and Ervaron Holding. The financial details of this transaction were not disclosed.
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PropertyEU Archive
Prologis closes $106m refinancing from bank syndicate
Denver-based logistics operator Prologis said it has closed on a $106 mln financing with a syndicate of four banks, comprising Bank of America, RBOS/ABN Amro, Sumitomo Mitsui and Bank of China. The company said the financing facility will mature by end-November 2011. Banc of America Securities served as sole lead ...
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PropertyEU Archive
Berenice fund sells assets in Rome for EUR 175m
Italian closed-end real estate investment fund Berenice has sold two office assets in Rome to Immobiliare Caltagirone, a real estate firm owned by Italian contruction tycoon Francesco G. Caltagirone. The transactoin amount comes to EUR 175 mln.
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PropertyEU Archive
WDP in EUR 23m capital increase to fund acquisitions
WDP, the Euronext-listed real estate investment company, has signed an agreement in principle to acquire three logistics sites in a sale-and-leaseback transaction from global parcel delivery firm DHL.
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PropertyEU Archive
GPR 250 Europe recovers some ground in November
The GPR 250 Europe index booked a loss of -13.8% for November, continuing the downward trend in the listed property sector. However, the latest performance is better than October when the index recorded its worst monthly low ever, of -22.4%.
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PropertyEU Archive
Pik Group arranges $262m in short-term debt
Pik Group, the Moscow-based developer of residential property in Russia, has tapped the liquidity fund set up to help Russian businesses for a $262 mln (EUR 174.5 mln) short-term loan.
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PropertyEU Archive
Klepierre raises EUR 356m via capital increase
French property company Klepierre said it has successfully completed a capital increase launched at the beginning of November to refinance the acquisition of the Scandinavian shopping centre group Steen & Strom. Klepierre has raised gross proceeds of EUR 356 mln via the issue of almost 24 million new shares. Total ...
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PropertyEU Archive
Banks to take 54% stake in Metrovacesa
Metrovacesa's majority shareholder, the Sanahuja family, is to give creditor banks a 54% stake in the Spanish real estate giant in a debt-for-equity deal. The Sanahujas, owner of more than 80% of Metrovacesa, said earlier on Tuesday in a regulatory filing that they were in 'advanced' talks with the banks. ...
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PropertyEU Archive
BNP Paribas takes over Aberdeen's Belgian unit
French property manager BNP Paribas Real Estate Property Management has acquired Aberdeen Property Investors Belgium, a company managing over 1 million m[sup]2[/sup] of commercial real estate across the country.
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PropertyEU Archive
Quinlan Private Golub unveils plans for Bratislava mall
Quinlan Private Golub (QPG) has unveiled plans for the 60,000-m[sup]2[/sup] South City Shopping in Bratislava, Slovakia. Construction of the shopping centre will begin in 2010, with the opening scheduled in the third quarter of 2012.
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PropertyEU Archive
CBRE sets up loan & corporate recovery service
CB Richard Ellis has established a loan and corporate recovery service to advise clients during the market downturn. Mark Creamer, head of loan and corporate recovery, EMEA, CBRE said, 'As we move into a period of change we encounter challenges not seen across Europe for nearly two decades. Declining values ...
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PropertyEU Archive
Union Investment continues to invest in Germany
Hamburg-based Union Investment Real Estate has acquired the Step 9 office building in Stuttgart-Vaihingen for its Immo-Invest: Europa institutional real estate fund, in a transaction worth some EUR 13 mln. The vendor of the property, which was completed in 2004, is CLS. Step 9 is an efficiently designed building with ...
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PropertyEU Archive
German property professionals more sombre than ever - King Sturge
The deterioration of the mood in the German real estate market continues unchecked, though the downward trend slowed in November, according to King Sturge's monthly Real Estate Economy index.
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PropertyEU Archive
Knight Frank leases 8,000 m[sup]2[/sup] in Madrid
International property services firm Knight Frank said it has advised the Spanish Ministry of Science and Innovation in the leasing of 8,000 m[sup]2[/sup] of office space in Madrid's Avenida de América. The broker said the deal is one of the largest office lease transactions in Madrid this year.
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PropertyEU Archive
Parcolog buys 36,000 m[sup]2[/sup] logistics project
Parcolog, the logistics property development arm of Generali Immobiliare, has acquired a 36,000 m[sup]2[/sup] logistics project near Avignon for an undisclosed amount. The property was acquired from ID Logistics, which was developing the scheme on behalf of multimedia and electronics manufacturer Boulanger. Boulanger already leases its logistics properties from Parcolog ...
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PropertyEU Archive
Gazeley develops 56,000 m[sup]2[/sup] facility for Ceva Logistics
Global logistics developer Gazeley has reached an agreement with Ceva Logistics for the development and leasing of a logistics facility of 56,000 m[sup]2[/sup] in Ontigola, Southern Madrid. Gazeley said that it will look for a 100,000 m[sup]2[/sup] plot of land where it will be building the property. The first stage ...
