All Real Assets articles in Web Issue – Page 407
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PropertyEU Archive
Unicredit sells EUR 640m worth of property to Fimit fund
Italian bank Unicredit has sold EUR 640 mln worth of property to a new real estate fund managed by Fimit, Italian financial newspaper Il Sole 24 Ore reported this week. The company plans to transfer around 180 office buildings with a value of EUR 640 mln to the fund in ...
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PropertyEU Archive
SPDE launches EUR 77m private placement
Scandinavian Property Development (SPDE) has unveiled an oversubscribed private placement which will raise NOK 700 mln (EUR 77.3 mln) to strengthen the company's financial position. In a press release, SPDE said that the placement is subject to the approval of the company's general meeting on 14 July.
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PropertyEU Archive
Aberdeen acquires two properties in Copenhagen
Aberdeen Property Fund Denmark has said it is acquiring two fully let office properties in Copenhagen from The Doctors' Pension Fund on 1 July 2009. The total area of the offices will be approximately 10,000 mm[sup]2[/sup].
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PropertyEU Archive
DLA Piper advises on largest residential deal in Romania
The Bucharest office of DLA Piper has advised Tri Investments, a UK investment company, and Salamanca Capital, its Investment and Property Adviser, on the purchase of a major part of Perla Residence, the residential complex developed by Crown Constructions, in a deal worth approximately EUR 15.5 mln. It is ...
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PropertyEU Archive
Affine sells office in Marseille
French SIIC Affine has sold an office building in Marseille to UFFI REAM for EUR 7.6 mln excluding fees, as part of efforts to further streamline its office property portfolio.
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PropertyEU Archive
Martinsa Fadesa agrees debt repayment plan
Martinsa Fadesa, the Spanish developer which entered administration last year, has announced that a majority of its creditors has agreed to a new timetable for debt repayment.
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PropertyEU Archive
NAI apollo wins two asset management mandates
NAI apollo asset management in Germany has said it has be picked by Cambridge Place, a specialist global institutional investment management group, to manage the 580,000 m[sup]2[/sup] EB8 portfolio The portfolio contains 22 properties with office and storage space.
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PropertyEU Archive
Victoria Square wins Irish Architecture award
Multi Development's flagship UK shopping centre, Victoria Square in Belfast, has won the Best Retail Development award at the RIAI Irish Architecture Awards in Dublin.
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PropertyEU Archive
BNP Paribas Real Estate expands in Balkans
Adviser BNP Paribas Real Estate, formerly AtisReal, has announced three new alliances in Albania, Bulgaria and Serbia with Danos & Associates, with whom BNP Paribas Real Estate has had a partnership with in Greece and Cyprus since May 2008.
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PropertyEU Archive
Banks lenient on LTV breaches
Banks are not calling in loans that have simply breached their loan-to-value ratios and are instead focusing on restructuring, continued investment or equity injection as possible solutions. That is one of the key conclusions of a research report by adviser BNP Paribas Real Estate, formerly AtisReal.
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PropertyEU Archive
Bouwfonds buys UK hospital car park
Bouwfonds European Real Estate Parking Fund has purchased its fifth car park in the UK. The transaction price came to £10 mln (EUR 11.7 mln).
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PropertyEU Archive
Kenmore sells off Paris building
Kenmore European Industrial Fund has completed the sale of the Technosite building in Herblay, northwestern Paris, to a private investor, for EUR 4.17 mln. The transaction price is 6.15% below the March 2009 valuation.
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PropertyEU Archive
Fabege signs lease for Solna Business Park
Food company Axfood has signed a 10-year contract to lease office space and wholesale premises in Fabege's Fräsaren 10 property in Solna Business Park near Stockholm.
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PropertyEU Archive
MGPA sells Munich City Tower to Freo Fund
MGPA has announced that its Global Fund 1 investment vehicle has sold the Munich City Tower to Freo Germany II Partners (SCA), a private equity fund which is ran by the Luxembourg-based Freo Group.
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PropertyEU Archive
Development Securities unveils share issue
UK property developer Development Securities has unveiled a fully underwritten share issue to raise proceeds of around £100 mln (EUR 117 mln). The company said the anticipated net proceeds of approximately £94 mln will be used to capitalise on opportunities early in the property development cycle and enhance the Group's ...
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PropertyEU Archive
HGI launches two Italian real estate funds
Henderson Global Investors SGR has launched two new real estate funds dedicated to the Italian real estate market. The investment vehicles, DSPF1 Italia and DSPF2 Italia, are closed-end funds reserved for institutional investors.
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PropertyEU Archive
JLL extends sustainability services to Europe
Jones Lang LaSalle (JLL) is extending its sustainability risk mapping product known as the Third Dimension to clients in Europe. Originally developed by Upstream in 2005, the Third Dimension enables investors to compare forecast risk and total return (the first two conventional dimensions of property investment analysis) with sustainability.
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PropertyEU Archive
Lidl expands in the Netherlands
German discount food chain Lidl has signed a leasing agreement for 8,000 m[sup]2[/sup] distribution space in the Dutch town of Surhuisterveen. The owner of the building - a private investor - was advised by Dutch market leader DTZ Zadelhoff.
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PropertyEU Archive
Grosvenor sells retail portfolio in France
UK property company Grosvenor has sold a retail portfolio in France to French fund manager Ciloger for around EUR 18 mln.
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PropertyEU Archive
HIH Global Invest swoops on London office property
HIH Global Invest, the fund management company of HIH Hamburgische Immobilien Handlung, said it has bought the Friary Court office building in London's financial district for around £42.6 mln (around EUR 50 mln). The seller was LaSalle Investment Management.
