All Real Assets articles in Web Issue – Page 33
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PropertyEU Archive
Development Securities sells Cavendish Walk freehold
UK-based Development Securities has announced the sale of the freehold interest in the Cavendish Walk shopping centre in Huyton, near Liverpool, for close to EUR 36 mln. In a press release, the company said it opened the new 10,219 m[sup]2[/sup] shopping centre in November 2006, after it purchased the site ...
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PropertyEU Archive
CBRE expands into Kazakhstan
Global property advisor CB Richard Ellis has signed an affiliation agreement with Scot Holland Estate, one of Kazakhstan's leading real estate services companies. Scot Holland is based in Almaty, the largest city and major commercial centre in Kazakhstan. The company employs 50 people in four offices.
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PropertyEU Archive
Keops sells holiday complex in Spain
Danish-based Keops has sold the holiday residence project Bahia-Fenicia on the Spanish south coast to Niels K. Thygesen. The price for the transaction was not disclosed but Keops said the value reaches the three digits, therefore 'ensuring that Keops' total investment in the project is repaid'.
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PropertyEU Archive
IPD European conference takes global prospective
Only now with the development of global property investment businesses can European investors examine real outcomes of the global strategies they have been mulling in recent years, according to the property index provider IPD. Expanding from its own European focus, the IPD has said its 9th European Property Investment conference ...
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PropertyEU Archive
Henderson, Invista REIM to renew Hull's shopping mall
Henderson Global Investors and Invista are to refurbish and extend Hull's Prices Quay shopping centre on the English east coast. Kingston-upon-Hull City Council has granted planning permission for the UK companies to increase the current floor space by about 46,451 m[sup]2[/sup].
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PropertyEU Archive
ABN sells EUR 1 bn non-performing loans to Pirelli
Pirelli Re and GE, through GE RE Italy and GE Commercial Finance Services Italy, have been awarded a non-performing mortgage and corporate loan portfolio with a gross book value of around EUR 1bn by Banca Antonveneta and its subsidiary Interbanca, part of the ABN Amro Group.
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PropertyEU Archive
Kungsleden buys NMG for EUR 100 mln
Swedish listed property company Kungsleden has acquired the Swedish property company Nordic Modular Group (NMG) from the private equity firm 3i for EUR 100 mln. NMG lets over 150,000 m[sup]2[/sup] of premises in modular buildings, and has around 220 employees. In a press release, Kungsleden said that NMG sales came ...
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PropertyEU Archive
DEGI in 2nd Italian retail purchase
Property investment manager Deutsche Gesellschaft für Immobilienfonds (DEGI) has acquired the Borgogioioso shopping centre through its open-ended property fund DEGI International for EUR 51.5 mln.
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PropertyEU Archive
ING REIM ends 2006 with German top-five deal
ING Real Estate Investment Management (ING REIM) has completed the purchase of Frankfurt's landmark WestendDuo high-rise towers from the Australian Hochtief Group for EUR 240 mln. The complex is located on Bockenheimer Landstrasse in the heart of the central business district and is considered to be an architectural benchmark for ...
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PropertyEU Archive
Riofisa to develop EUR 22 mln logistics area
Spanish property company Riofisa will build a logistics development of 32,000 m[sup]2[/sup] in Ontigola, near Toledo, on behalf of the PSA Peugeout Citroen group. The project comes to a total investment of EUR 22 mln, the company said in a press release.
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PropertyEU Archive
Generali sets up EUR 315 mln property fund
Italy's Generali Property Investments has launched the EUR 315 mln Scarlatti property investment fund to target institutional investors, Italian newspaper Newspages has reported.
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PropertyEU Archive
Vastned sells office portfolio for EUR 92.5 mln
Netherlands-based Intervest Offices has sold an office portfolio to a group of British private investors for EUR 92.5 mln. The portfolio includes five buildings, three in Zaventem, and one in Leuven and Kortemborg, the Netherlands, for a total area of 71,210 m[sup]2[/sup]. The value reflects a gross initial yield of ...
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PropertyEU Archive
GE Real Estate buys two properties for EUR 9.7 mln
GE Real Estate France has acquired two new office buildings from Toulouse-based property company GA for a total of EUR 9.7 mln. The transaction is part of the process started in 2005 whereby GA has been divesting its property portfolio to GE Real Estate France to concentrate on property management. ...
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PropertyEU Archive
DIFA to pay 'over EUR 70 mln' for Hague tower
DIFA, the Hamburg-based fund manager, has purchased the Haagsche Zwaan skyscraper development in The Hague from OVG projectontwikkeling. While the financial details were not disclosed, PropertyEU understands that the transaction value is 'more than EUR 70 mln'.
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PropertyEU Archive
DIC sells EUR 90 mln German portfolio
Frankfurt-based Deutsche Immobilien Chancen Asset has announced the sale of an office portfolio to the French investor Inovalis for EUR 90 mln. The sale comprises 48 assets from the FraSpa portfolio, acquired by DIC in 2004, and the MEAG portfolio, purchased in 2005.
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PropertyEU Archive
Tyne area to get retail makeover
Regional development agency One NorthEast, together with North Tyneside and Newcastle city councils intend to turn former industrial sites on the river Tyne in northeastern England, into retail and housing developments in an attempt to prompt business in the area and reverse its economic decline.
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PropertyEU Archive
Jones Lang LaSalle on 'best US employer' list
Fortune magazine has added global property advisor Jones Lang LaSalle to its 10th annual list of the '100 best companies to work for'. Ranked 66th, Jones Lang LaSalle is the only real estate services company to appear on the prestigious index.
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PropertyEU Archive
IGD bolsters its presence in Southern Italy
Italian property company IGD has signed a preliminary agreement with Sviluppo Trapani for the purchase of a commercial gallery development in Trapani, Southern Italy, for EUR 54.67 mln.
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PropertyEU Archive
Price for Dracula's castle rises from the crypt
Dracula's castle may sell for as much as EUR 60 mln as Brasov County Council is seeking to purchase the legendary Transylvanian property to boost tourism revenue. The local government is in talks with the Habsburgo family, who put the fortress on sale seven months after getting it back from ...
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PropertyEU Archive
Seligman introduces second real estate fund
Seligman, the New-York based investment manager, has introduced its second fund that will invest in real estate securities. The Seligman LaSalle Global Real Estate Fund will seek a total return through a combination of current income and long-term capital appreciation by investing in real estate securities of issuers located around ...
