All Real Assets articles in Web Issue – Page 345
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PropertyEU Archive
Bank consortium provides EUR 400m financing for La Defense projects
A consortium of German banks has arranged a EUR 400 mln refinancing facility for the recently completed T1 tower, the B building B and the Jacques Cartier parking at La Defense in Paris.
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PropertyEU Archive
Sonae Sierra's Loop5 mall project is 90% leased
International shopping centre specialist Sonae Sierra and Paris-listed Fonciere Euris have announced that 90% of the 56,500 m[sup]2[/sup] of gross lettable area of their Loop5 development in the southern German town of Weiterstadt is committed. The shopping and leisure project involves an investment of EUR 265 mln and is expected ...
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PropertyEU Archive
Electra RE buys into retail for EUR60m
Tel Aviv-listed investor Electra Real Estate along with other private investors has acquired a portfolio of DIY Hornbach stores for about EUR 60 mln. The properties are located in the Netherlands and Luxembourg. The acquisition adds to a portfolio of eight Hornbach assets bought by Electra last year in a ...
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PropertyEU Archive
UK initial yields to peak at 8% plus in late summer - JLL
Average IPD initial yields for all UK property are forecast to reach a peak of 8% plus by late summer 2009, Jones Lang LaSalle notes in its UK Capital Markets Outlook Report 2009.
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PropertyEU Archive
Altera acquires Amsterdam property from Ymere
Altera Vastgoed has acquired an office building in central Amsterdam from Ymere for close to EUR 23 mln. The property 'Huys Europa' was built in 2005 and comprises over 6,000 m[sup]2[/sup] of space over five floors. The entire building is leased to Dutch retail group Ahold.
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PropertyEU Archive
Catella sees asset management as growth area
Timo Nurminen, formerly head of Catella Property in Finland, has been appointed CEO of Amplion Asset Management, Catella's independent property asset management services firm.
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PropertyEU Archive
Electra, Kamor buy Dutch DIY centers
Tel Aviv-listed firms Electra Real Estate and Kamor have completed their joint acquisition of two shopping centres in the Netherlands and one in Luxembourg for a total of EUR 62.2 mln, in addition to EUR 5.32 mln in costs.
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PropertyEU Archive
Unite Group taps Phil White as new chairman
Unite Group, the UK developer and manager of student accommodation, has announced the appointment of Phil White as an additional non-executive director and chairman designate.
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PropertyEU Archive
Cofinimmo in office and nursing home transactions
Brussels-listed real estate firm Cofinimmo divested three office assets in Belgium at the end of 2008 for a total of EUR 13.85 mln. In December, Cofinimmo - a SICAFI, the Belgian equivalent of a real estate investment trust - disposed of the 99-year long-lease right on Bourdon 100 in Brussels ...
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PropertyEU Archive
Irish property investor dies in suspected suicide
An Irish businessman who invested at least EUR 300 mln in real estate in the UK was found dead in his Dublin home this week. Patrick Rocca had suffered a single gunshot wound to the head and a firearm was found near his body. The authorities are satisfied that nobody ...
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PropertyEU Archive
RICS establishes transparency working group
The Royal Institution of Chartered Surveyors (RICS) has established a working group to examine the issue of transparency, particularly in professional fees. The working group is chaired by RICS President, Peter Goodacre, and includes RICSs and independent members.
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PropertyEU Archive
Savills expands Spanish valuation team
Savills has recruited surveyor Fernando Fernandez de Avila for the broker's valuation department in Madrid. Fernando joins Savills from Enmarca Gestion, where he worked as project manager. He has five years experience in property at Enmarca Gestion, CB Richard Ellis and Roan.
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PropertyEU Archive
Investors positive on Germany, E&Y finds
Real estate investors are painting a comparatively positive picture of Germany as a place to invest in 2009 despite the difficult economic conditions globally and plunging property prices in several European counties, Ernst & Young Real Estate has said.
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PropertyEU Archive
JV lets first Greenwich Peninsula office project
Meridian Delta, the joint venture between Lend Lease and UK property company Quintain, has announced that the Transport for London (TfL) agency has exercised an option to lease an additional two floors, comprising 5,600 m2, of the first commercial building at Greenwich Peninsula regeneration scheme in London.
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PropertyEU Archive
Atisreal sells 3 Hertie department stores
German department store chain Hertie, advised by Atisreal, has sold three department stores in Germany for an undisclosed amount. The properties are located in Wesseling between Cologne and Bonn, in Munich Giesing and in Munich Laim. The department store in Wesseling has 8,500 m[sup]2[/sup] of lettable area and 183 parking ...
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PropertyEU Archive
Jelmoli to take over Tivona with cash and share offer
Swiss retail and property company Jelmoli said on Friday that it is proceeding with the acquisition of remaining 55.5% stake in Basel-based real estate firm Tivona for CHF 60 mln (EUR 40 mln) in cash and 80,000 shares.
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PropertyEU Archive
US in talks to sell London embassy - report
The US government is in talks to sell its embassy building in London to Chelsfield Partners, a property investment company backed by Qatar Investment Authority, the Financial Times reported, without quoting sources.
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PropertyEU Archive
Top 5 deals, Week 4 (19 - 23 January 2009)
The largest real estate investment transaction reported by PropertyEU between 19 - 23 January 2009 was the acquisition by HongKong and Shanghai Hotels (HSH) of 20% of Centre International de Conferences in Paris from Qatari Diar for EUR 100 mln.
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PropertyEU Archive
Land Securities completes sale of Fleet St for £74m
Land Securities has completed the sale of its Fleet Street Estate to the City of London Corporation for £74 mln (EUR 78 mln). The Fleet Street Estate comprises eight adjoining self-contained buildings which provide an aggregate lettable floor area of 18,628 m[sup]2[/sup].
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PropertyEU Archive
Investment in UK shopping centres falls by 75%
Investment in UK shopping centres fell by nearly 75% in 2008 to only £1.47 bn (EUR 1.56 bn), down from 2007's total of £5.47 bn according to the latest figures from global real estate adviser Cushman & Wakefield.
