All Real Assets articles in Web Issue – Page 41
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PropertyEU Archive
LaSalle, Morley buy EUR 325 mln European portfolio
LaSalle Investment Management and Morley Fund Management have purchased a mixed-use portfolio of five properties in Paris, Madrid, Stockholm and Germany for EUR 325 mln. The transaction value reflects a net initial yield of 5.8%.
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PropertyEU Archive
Eurosic to issue EUR 400 mln shares
Eurosic plans to become one of the ten largest listed property companies in France by 2011. The company, which is the property arm of Grouppe Caisse d'Epargne, intends to have a EUR 1 bn property portfolio by the end of 2007, and a EUR 3 bn portfolio before 2011, researchers ...
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PropertyEU Archive
Grouppe Caisse d'Epargne to sell EUR 800 mln German portfolio
Grouppe Caisse d'Epargne, a network of French savings banks, has announced it intends to sell the German retail portfolio it acquired in 2005 through its Curzon/Iris property investment unit for a total of EUR 800 mln. Bids for the portfolio are expected to be received within days, the Financial Times ...
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PropertyEU Archive
Arberdeen acquires mixed-use property in Sweden
Aberdeen Property Investors has acquired a mixed-use property in the southern tip of Sweden in the latest of a series of significant moves in Scandinavia. The office and retail asset at Kometen 9 in Kristianstad was built in 1989 and provides 15,000 m[sup]2[/sup] of lettable area. The tenants include ICA ...
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PropertyEU Archive
Budapest developer eyes AIM flotation
Hungarian property developer Ablon Group plans to raise up to EUR 151 mln by floating about a third of the company on the Alternative Investment Market (AIM) in London to fund its expansion in eastern Europe. The shares will be sold on February 7 at a price set between £2.38 ...
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PropertyEU Archive
CBRE sells Savills stake
CB Richard Ellis has announced the closing of the sale of its 19.2% stake in the international property advisor Savills. The US property advisor has sold nearly 25.9 million shares of Savills common stock on the open market through an offering managed by the finance services group Credit Suisse Securities, ...
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PropertyEU Archive
Metrovacesa chairman seeks new investors
Metrovacesa's chairman Joaquin Rivero has contacted Inmocaral's boss Luis Portillo and Prasa's Jose Romero as he seeks new investors for Spain's largest property company, Spanish newspaper Cinco Dias has reported. Rivero is willing to sell part of his stake in Metrovacesa to the other real estate investors to convince them ...
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PropertyEU Archive
M&S unveils 'novel property deal'
Retailer Mark & Spencer has unveiled a property deal through which the company will inject £500 mln (EUR 757 mln) into its final-salary pension fund. The retailer, headed by Stuart Rose, said it would transfer assets valued at about £1.1 bn (EUR 1.66 bn) to a partnership with pension trustees ...
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PropertyEU Archive
Emerging trends report debuts at ULI event
The 4th annual Emerging Trends in Real Estate® Europe report is to be released at the Urban Land Institute's conference in Paris on February 7. The publication, a joint undertaking between ULI and PricewaterhouseCoopers, provides an outlook on European real estate investment and development trends, as well as 'real estate ...
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PropertyEU Archive
TriGranit, Gazprombank join forces in Russian JV
Budapest-based TriGranit Development has teamed up with Gazprombank's real estate unit to enter the Russian market. The two companies have set up a new joint venture to build shopping malls, offices, hotels and logistics centres in cities including Moscow and Saint Petersburg, Hungarian newspaper Napi Gazdasag reported.
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PropertyEU Archive
MGPA opens Paris ofice
Macquarie Global Property Advisors (MGPA) has opened a new office in Paris to strengthen its presence in Europe where it has been increasingly active in recent years. Its MGP Fund II, an umbrella fund for two funds investing in Asia and Europe, closed in September 2005 with equity commitments of ...
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PropertyEU Archive
Record office take-up in Warsaw
2006 was a record year for the office property market in Warsaw as 412,000 m[sup]2[/sup] was taken up, according to the Warsaw Research Forum, a consortium of real estate agencies including CB Richard Ellis, Colliers International, C&W, DTZ, Jones Lang LaSalle and King Sturge.
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PropertyEU Archive
Warimpex issues EUR 110 mln shares
Warimpex Finanz- und Beteiligungs, a hotel property investor in central and eastern Europe, announced it has raised EUR 110 mln through an Initial Public Offering to help expansion of its fund in Europe. Warimpex has sold 10 million shares at a price of EUR 11 each, the company said ...
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PropertyEU Archive
Meinl buys EUR 150 mln mall in Ukraine
Austria-based Meinl has entered Ukraine with the purchase of a 60,000 m[sup]2[/sup] shopping centre in Odessa, in the south of the country, for EUR 150 mln. The mall is scheduled for completion in the first quarter of 2009. The initial yield is slightly above 12%, the development company said in ...
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PropertyEU Archive
Curzon/IXIS invests EUR 2.5 bn in Europe
Curzon/IXIS AEW Europe announced it has exceeded the EUR 2 bn investment threshold in Europe for the second consecutive year. In 2006 total investments reached EUR 2.5 bn, of which 48% was deployed in France. The cumulative disposals amounted to EUR 1.7 bn, of which 69% in France.
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PropertyEU Archive
New residential tower highest building in Amsterdam
The municipal authorities of Amsterdam have signed an agreement with developers De Principaal, BAM Vastgoed and Woonmaatschappij Markant to build a residential tower at Arena Boulevard to the south of the Dutch capital.
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PropertyEU Archive
New residential tower highest building in Amsterdam
The municipal authorities of Amsterdam have signed an agreement with developers De Principaal, BAM Vastgoed and Woonmaatschappij Markant to build a residential tower at Arena Boulevard to the south of the Dutch capital. The 47-storey tower, designed by architects Wiel Arets and Van Aken, will contain a total of 382 ...
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PropertyEU Archive
Atlas Estates buys three assets in Eastern Europe
Atlas Estates, a property investment company which focuses on central and eastern Europe, has acquired three properties in Romania, Poland and Slovakia for a total of EUR 23 mln. The purchase includes a 32,000 m[sup]2[/sup] plot of land in Romania for EUR 14.39 mln, and a 6,000 m[sup]2[/sup] office building ...
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PropertyEU Archive
Immoeast buys Bucharest office complex
Austrian property company Immoeast has acquired the Victoria park office complex in Bucharest for EUR 60 mln. The centre, which was developed by Liebrecht & Wood of Belgium, is located north of Bucharest and provides 20,000 m[sup]2[/sup] of office space. Immoeast has invested a total of EUR 355 mln in ...
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PropertyEU Archive
Finnish REIT comes a step closer
Finland came a step closer to introducing its own legislation for real estate investment trusts (REITs), after the commerce committee of the Finnish parliament issued a positive report on Wednesday regarding the introduction of a Finnish REIT.
