All Real Assets articles in Web Issue – Page 405
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PropertyEU Archive
Hansteen to raise EUR 238m through open offer
AIM-listed industrial property firm Hansteen plans to raise gross proceeds of £200.8 mln (EUR 238 mln) by way of a Placing and Open Offer at a price of 75p per new ordinary share to allow it to take advantage of exceptional opportunities to buy industrial properties in the UK.
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PropertyEU Archive
Peskin appointed chairman of Internos
Richard Peskin, previously chairman of London company Great Portland Estates for 23 years, has been appointed chairman of Internos.
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PropertyEU Archive
Hypo Real Estate sets aside hundreds of millions for bad debt
Hypo Real Estate (HRE), the troubled German lender in which the government has taken a majority stake, warned on Tuesday that risk provisions 'in the high three digit million region' will have a significant impact on income in Q2.
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PropertyEU Archive
BNP's Crescita fund completes divestments
BNP Paribas' Portfolio Immobiliare Crescita fund in liquidation said it has completed the sale of all its remaining properties for a total of EUR 63 mln. The disposal of the remaining four assets was reported by PropertyEU during the Expo Italia Real Estate (EIRE) property fair held at the beginning ...
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PropertyEU Archive
Deka Immobilien buys office in Milan
Deka Immobilien said it has bought an office property in Milan for around EUR 28 mln from BNP Paribas REIM SGR for its Deka-S-PropertyFund No. 1. The acquisition was executed through a joint venture with Henderson Global Investors specialising in Italian investments.
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PropertyEU Archive
Deutsche Euroshop eyes two Karstadt stores
German shopping centre investor Deutsche Euroshop is considering taking over two of insolvent retail group Arcandor's Karstadt stores in Viernheim und Dessau, the MDAX-listed company told Thomas Daily news service on Tuesday.
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PropertyEU Archive
Panattoni Europe signs lease in Poland
Torfarm, a Polish pharmaceuticals distribution company, signed a lease agreement with Panattoni Europe for delivery of two modern built-to-suit warehouse buildings of approx. 35,000 m[sup]2[/sup] of total space. Colliers International Poland acted for Torfarm.
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PropertyEU Archive
Four Vivacon subsidiaries file for insolvency
Troubled German property company Vivacon has confirmed that four of its subsidiaries have filed for insolvency at the local court in Cologne. The four subsidiaries are focused on residential properties in Salzgitter and Kassel, and account for almost 4,000 of the 10,000 residential units held by the Vivacon group.
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PropertyEU Archive
Italy's IPI to be taken private
Italy's Segre family is launching a EUR 1.9 per share compulsory bid for real estate company IPI after building up a 75.8% stake in the company last week. The offer is being launched through the family's vehicle IPI Domani.
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PropertyEU Archive
Provada 2009 attracts 4% more visitors
The 5th edition of the Provada real estate fair which was held in Amsterdam last week drew 21,500 visitors, a 4% increase on the 2008 level, the fair's organisers said on Tuesday. This places the Provada in second place after the Expo Real fair in Munich, with Mipim in Cannes ...
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PropertyEU Archive
Stam Europe sells portfolio for EUR 22m
French financial group Natixis has sold the Toscane portfolio to Stam Europe's Stam Re III fund for a total of EUR 22.5 mln, excluding charges. The portfolio offers 25,000 m[sup]2[/sup] of retail and office space across nine assets located in Paris' 12th and 13th districts, in Ivry, Villejuif, Maisons Alfort, ...
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PropertyEU Archive
WestImmo places EUR 500 mln Pfandbrief
German property lender Westdeutsche ImmobilienBank (WestImmo) said on Tuesday it had successfully placed a EUR 500 mln mortgage Pfandbrief on the capital market. The coupon amounts to 3% and the yield mark-up is 55 basis points above swap average. The term is three-and-a-half years.
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PropertyEU Archive
Cordea Savills appoints European accounts manager
Property fund manager Cordea Savills has appointed Rubeena Hossenbocus to the new position of manager within the Institutional Business Group’s distribution team. She will work with European accounts and will report to Michael Flynn, the Global Head of Institutional Business.
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PropertyEU Archive
JLL appointed exclusive agent to Gdansk project
Alfa Investment has selected international adviser Jones Lang LaSalle as an exclusive agent for the commercialisation process of Alfa building, the second phase of the Oliva Business Park office complex project in the Polish city of Gdansk.
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PropertyEU Archive
RED appoints Niculescu head of asset management
Southeastern European developer RED Capital Management has appointed Radu Niculescu as general manager of Red Building Management Services. Niculescu will be responsible for all aspects of the asset management of RED's shopping centres, business parks, logistics centres and residential properties.
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PropertyEU Archive
GOEFs reopening earlier; investors seen returning - CBRE
German open-ended funds (GOEFs) are set to turn the corner earlier than expected after imposing a mass lockdown on redemptions in October last year to stem outflows, according to property adviser CB Richard Ellis. CBRE bases its claim on a number of ‘favourable developments’, including the early reopening of SEB’s ...
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PropertyEU Archive
XXI Century Investments exits Kharkiv joint ventures
Ukrainian property company XXI Century Investments has sold its share in the Kharkiv joint venture company Starmac Limited to its partner Rodnex Investments and its share in Econom Plus to local developer Melon Real Estate, for a total consideration of $5 mln (EUR 3.6 mln).
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PropertyEU Archive
FdR and France Télécom consolidate partnership
Foncière des Régions (FdR) and France Télécom have signed an agreement to intensify their property partnership in 173 buildings belonging to Foncière des Régions and occupied by France Télécom. The new agreement contains provisions for lease extensions and property sales of buildings occupied by France Télécom to suit the company’s ...
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PropertyEU Archive
JLL named consultant of the year in St Petersburg
Jones Lang LaSalle (JLL) was named Consultant of the Year at the St. Petersburg’s annual Commercial Real Estate Awards ceremony which was held last week.
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PropertyEU Archive
'Immoeast freezes delivery of malls in Romania'
Austrian property group Immoeast has delayed delivery by at least a year of 10 shopping malls in Romania with a leasable area of 350,000 m2, Romanian business daily Ziarul Financiar reported, quoting partners in the projects. The postponement is due to the collapse of the real estate market in Romania ...
