All Real Assets articles in Web Issue – Page 406
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PropertyEU Archive
Turkish Koton opens Dutch flagship store
Turkish fashion label Koton will shortly open its first Dutch flagship store in Rotterdam as a first step towards further expansion in the Netherlands. The store, located on Rotterdam's prime shopping street Lijnbaan, has 1,125 m[sup]2[/sup] of space and will sell men's and women's fashion, lingerie and accessories.
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PropertyEU Archive
Prologis leases space in Munich
International logistics property operator Prologis said on Tuesday it has signed a new lease for more than 15,000 m[sup]2[/sup] of recently completed warehouse space near Munich to Simon Hegele, a global provider of third-party logistics services.
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PropertyEU Archive
Corio buys Madrid shopping centre for EUR 127m
Dutch property investor Corio said it has acquired a controlling stake in the Príncipe Pío shopping centre in Madrid for a total sum of EUR 126.5 mln. The deal reflects a net initial yield of 7.8%.
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PropertyEU Archive
Europa Capital buys UK shopping mall at 30% discount
UK property investor Europa Capital confirmed on Thursday it has bought the Fremlin Walk shopping centre in Maidstone for around £70 mln (EUR 82 mln) from Land Securities in a joint venture with asset manager SCOOP AM. The deal reflects a yield of between 8.5-8.75%.
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PropertyEU Archive
Aviva sells HMV store on Princes Street for £9.65 mln
Aviva Investors on behalf of CIP Property (AIPT) has sold 129/130 Princes Street in Edinburgh to Rutley Capital Partners for £9.65 mln (EUR 11.4 mln)
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PropertyEU Archive
Tishman celebrates topping out at Sofia Airport Center
Los Angeles-based Tishman International Companies and co-developer GE Real Estate have announced the topping out of Bulgaria's first Class A office building, known as Building A02, located in the Sofia Airport Center (SAC) development. SAC is situated adjacent to Sofia International Airport, approximately five kilometres east of downtown Sofia.
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PropertyEU Archive
Chagala appoints earl as non-executive director
Chagala, the London-listed Kazakh real estate developer and operator, has announced the appointment of Edmund Christopher Pery, Earl of Limerick as a non-executive director.
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PropertyEU Archive
Icade sells property management business
French property company Icade said it has signed a preliminary agreement with Procivis Immobilier to sell its property management business, Icade Administration de Biens. The two companies entered into exclusive negotiations at the beginning of April, the French REIT added.
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PropertyEU Archive
Gecina confirms Rivero as chairman
French SIIC Gecina said its shareholders have confirmed Joaquin Rivero as chairman of the company in a combined general meeting held last week. The appointment comes a week after Gecina's parent company Metrovacesa said it will agree to halt the separation plan with the French SIIC.
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PropertyEU Archive
Eiffage, Milligan team up to develop Portuguese scheme
UK retail developer Milligan has signed a joint venture agreement with French construction group Eiffage for the financing and construction of the Retail Planet shopping centre in Barreiro, Greater Lisbon.
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PropertyEU Archive
Restructuring drives logistics sector
Take-up in the European logistics market could contract by as much as 35% this year as distributors consolidate and optimise existing centres, according to international property advisor Savills. Meanwhile property sales may increase as manufacturers seek to reduce property costs, the adiviser said. Rents have declined 6% in prime properties ...
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PropertyEU Archive
London, Paris top new JLL/Experian retail ranking
London and Paris top the new European Downtown Retail Centre Rankings launched by consultant Jones Lang LaSalle and research firm Experian which show the relationship between consumer spending in European cities and prime retail rents.
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PropertyEU Archive
Sjaelso sells three retail properties in Norway
Danish real estate firm Sjælsø has sold three retail properties in Norway to a Norwegian investment company in a deal valued at around NOK 175 mln (EUR 19.3 mln)
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PropertyEU Archive
JLL to manage 34,000 m[sup]2[/sup] of retail space in Madrid
Jones Lang LaSalle said that it has been appointed to manage La Fuensanta and Kinepolis shopping and leisure centres in Madrid.
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PropertyEU Archive
Hercules Unit Trust secures EUR 100m investment
Hercules Unit Trust has announced that Canada Pension Plan Investment Board, a major global investor, has made a £100 mln capital investment into the Trust.
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PropertyEU Archive
Unicredit, Yapi Kredi provide EUR 101m financing for Turkish mall
Unicredit Bank Austria and Yapi Kredi have agreed to provide a EUR 101 mln construction-to-permanent financing facility for a shopping centre development project in Adana, Turkey.
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PropertyEU Archive
Toti Group to sell Roman retail gallery for EUR 180m
Italy's Toti Group is in final talks with fund manager Sorgente SGR for the sale of the Colonna retail gallery in Rome for a price of around EUR 180-200 mln, Italian newspapers have reported. The company has reportedly emerged as the preferred bidder for the prime shopping centre in Rome ...
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PropertyEU Archive
Pramerica leases 3,800 m[sup]2[/sup] of office space in Paris
Pramerica has leased 3,800 m[sup]2[/sup] of space in its Bristol office building in Vincennes, France to Altadis Distribution. The scheme has been let with a lease term of six years. The rental price was not disclosed.
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PropertyEU Archive
Hahn retail fund raises EUR 30m in new commitments
The Hahn Group's German retail fund raised some EUR 30 mln in equity from international subscribers in the first half of 2009, bringing total fund equity to around EUR 155 mln. This means that the fund has acquired over 50% of the target equity volume of some Euro 300 mln ...
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PropertyEU Archive
Fonciere des Murs sells 4 nursing homes for EUR 90m
Foncière des Regions' hospitality property arm, Foncière des Murs, has sold four nursing homes in France to Foncière Sagesse Retraite for EUR 38 mln. The assets are leased to the French nursing home operator Korian.
