All Real Assets articles in Web Issue – Page 384
-
PropertyEU Archive
PEPR in final talks to sell EUR 115m of property
ProLogis European Properties, the European arm of US logistics giant Prologis, said in a statement on its Q1 results on Wednesday that it is in the final stages of selling a EUR 115 mln logistics property portfolio. The company, which recently secured EUR 235 mln of new credit facilities, added ...
-
PropertyEU Archive
Sistema-Hals swings to $381m loss in 2008
Russian property developer Sistema-Hals plunged into the red in 2008 with a net loss of $381 mln (EUR 288 mln) compared with a profit of $34.7 mln in 2007, the company said in its unadited financial results. Revenues dropped from $424 mln at end-2007 to $362 mln at year-end 2008. ...
-
PropertyEU Archive
Correction: Multi scoops 3 ICSC awards
Multi has won three ICSC 2009 awards, one for its Forum Mersin scheme in Turkey and two for Victoria Square in Belfast. PropertyEU's daily newsletter wrongly allocated the third award to the Stadsfeestzaal scheme in Antwerp, which was only a finalist.
-
PropertyEU Archive
NSI targets EUR 400m of acquisition in Switzerland
Dutch property company NSI plans to build up a portfolio of EUR 300-400 mln in Switzerland as part of its strategy to expand abroad. The company plans to focus primarily on retail assets, it said, while it will shun the residential and industrial property segments.
-
PropertyEU Archive
Liberty raises £620m from capital raising
UK listed property company Liberty International said on Wednesday that it has raised £620 mln (EUR688 mln) from the placement of a total of 200 million shares. The issue price of 310 pence represented a 21.9% discount to the market price at the time of agreeing the issue price and ...
-
PropertyEU Archive
GTC seals Hungary's biggest leasing so far this year
GTC, a real estate unit of Kardan, said on Wednesday that it has pre-leased 17,000 m[sup]2[/sup] of office space in the Hungarian capital to Budapest Bank, a unit of GE Capital, the global finance unit of General Electric.
-
PropertyEU Archive
Helaba strengthens real estate business in London
German regional bank Helaba said it is boosting its activities in London with the appointment of Ingeborg Warschke as new head of the real estate finance department. Warschke will take his new position from May 1, 2009. In a statement on Wednesday, the bank said it is 'now strengthening its ...
-
PropertyEU Archive
Jumeirah enters Germany with deal on MAB's Frankfurt City Hotel
Dubai-based luxury hotel company Jumeirah and Dutch property developer MAB are teaming up to launch a new five-star city centre hotel in Frankfurt's PalaisQuartier district. Jumeirah said on Wednesday that it has signed a lease for the hotel element of the city's major new PalaisQuartier leisure and retail development, a ...
-
PropertyEU Archive
Stenham re-enters UK market due to 'significant' opportunities
Stenham, the South African investment management group, is re-entering the UK property market after an absence of four years as it seeks to take advantage of 'significant' opportunities in the country. In a statement on Wednesday, the company said it has appointed Andy Taylor as head of UK Property.
-
PropertyEU Archive
Fiege leases space in Pinnacle's PointPark in Poland
Arcapita's unit Pinnacle has announced the leasing to Fiege of 10,700 m[sup]2[/sup] of logistics space at PointPark Mszczonow, a logistics hub in Warsaw. This is the second lease agreement between Fiege and Pinnacle, the company said on Wednesday. The tenant was represented by Colliers International.
-
PropertyEU Archive
Arminius acquires EUR 148m of commercial real estate loans
Private equity group Arminius has acquired EUR 148 mln of performing commercial real estate loans from a major international commercial bank. The loans are secured with one industrial property and various hotels in Germany. Including this transaction, Arminius has closed on approximately EUR 800 mln of commercial real estate loans ...
-
PropertyEU Archive
Sanahujas sell EUR 200m of assets to Metrovacesa - report
The Sanahujas, the troubled Spanish family which last year was forced to swap debt for a 65% stake in Metrovacesa, has sold around EUR 200 mln of property assets to the Madrid-based property company through its Sacreasa holding unit. According to Spanish news agency EFE, the transaction was aimed at ...
-
PropertyEU Archive
Sponda sells property for EUR 22m
Finland's Sponda has sold two logistics properties in Vantaa and a retail property in Joensuu for some EUR 22 mln, the company said this week. The two logistics properties in Vantaa were sold to a property investment firm owned by Mandatum Life Insurance Company Limited and Kaleva Mutual Insurance Company ...
-
PropertyEU Archive
Schoenherr advises Immoeast on Wipark sale
European law firm Schoenherr has advised Austrian real estate group Immoeast on the sale of Wipark Garagen, a leading operator and provider of parking facilities in Austria and Hungary.
-
PropertyEU Archive
Aviva Investors forced to sell property portfolio: FT
Fund manager Aviva Investors is to offload £800 mln(EUR897 mln) of commercial property from its with-profits funds after the decline in value of other investments caused an overweight to UK real estate, Financial Times reported this week.
-
PropertyEU Archive
London & Stamford buys in Leeds
AIM-listed London & Stamford Property announced on Friday that it is acquired a property located at No1 Whitehall Riverside in Leeds from the Royal Bank of Scotland for £37.62 mln (EUR 45 mln). RBS was acting as trustee for the NewStar Property Unit Trust.
-
PropertyEU Archive
Colony Capital to give Orco capital injection
Orco Property Group, the troubled property company focused on Central Europe, is holding exclusive talks with Colony Capital for a capital injection of EUR25 mln. An additional stake of up to EUR140 mln will be considered when court protection from Orco's creditors is lifted. Paris Commercial Court granted Orco and ...
-
PropertyEU Archive
CBRE reports first-quarter loss
CB Richard Ellis booked a net loss of $36.7 mln (EUR 27.6 mln), or $0.14 loss per diluted share, for the first quarter of 2009 on revenue of $890.4 mln. The first-quarter result was negatively impacted by one-off charges $15.7 mln, the company said. Excluding these charges, the net ...
-
PropertyEU Archive
Green light for C&R's Junction fund equity issue
Capital & Regional, the co-investing property asset manager, has announced that the unit holders in its Junction fund have voted in favour of changes to facilitate the proposed equity issue and the fund's new management structure. The equity issue is expected to raise around £65 mln (EUR73 mln) and ...
-
PropertyEU Archive
First-quarter derivatives trading volume plunges: IPD
At just £606 mln (EUR769 mln), the total volume of IPD Index Property Derivatives traded over the first quarter of 2009 was the lowest first-quarter figure for three years, according to data released on Friday by IPD. Since the rapid growth of derivatives trading from 2007, first-quarter volumes have proved ...
