All Real Assets articles in Web Issue – Page 412
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PropertyEU Archive
LaSalle IM completes EUR 33m refinancing of Olympe in Paris
LaSalle Investment Management announced it has completed the EUR 33 mln refinancing of its Olympe property in Paris on behalf of LaSalle European Growth Fund II. The new deal also includes an extension of the debt arrangements on the property.
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PropertyEU Archive
Pirelli RE raises EUR 397m in rights issue
Pirelli Real Estate said on Wednesday that it successfully completed its EUR 397 mln rights issue. The Italian company said the capital increase would allow it to strengthen its capital structure and reduce debt.
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PropertyEU Archive
Nissan selects CBRE as European property adviser
CB Richard Ellis announced that it has been selected by the European arm of Japanese automaker Nissan as its strategic property advisor for the region. CBRE has been engaged as a full-service real estate partner to Nissan in North America since July 2007.
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PropertyEU Archive
Redevco's Erzurum shopping centre awarded BREEAM cert
Redevco Turkey has been awarded a BREEAM Certificate, with a rating of 'Very Good', for the Erzurum Shopping Center project, prior to its opening in the third quarter of 2009.
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PropertyEU Archive
Derek Quinlan to retire as chairman of investment firm
Quinlan Private has announced that Derek Quinlan is stepping down as chairman and partner of the private equity group.
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PropertyEU Archive
Hansteen successfully closes share issue
Hansteen Holdings has announced the successful closing of its open share offer. The company said it received valid acceptances in respect of 120 million. This represents a take-up of approximately 67.4% of the 178 million shares offered.
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PropertyEU Archive
ECE shopping gallery in Hradec Králové gets green light
Hradec Králové city council assembly has cleared the way for the development of a unique leisure and retail quarter. The delegates authorized the sale of the required properties to ECE, thus paving the way for the realization of a leisure center that will benefit the town’s inhabitants and the entire ...
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PropertyEU Archive
IVG sells two properties in London and Helsinki
IVG Investment has said it sold the modern office property at 131 Finsbury Pavement in London to the Luxembourg investment company Orion Capital Partners for £45.5 mln (EUR 52.69 mln).
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PropertyEU Archive
PRUPIM makes retail purchases in the UK
PRUPIM has confirmed the purchase of a 17,000m[sup]2[/sup] House of Fraser department store in the UK for £14.5 mln (EUR 16.7 mln). PRUPIM acquired the seven-storey building in Plymouth on behalf of Prudential's Life Fund.
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PropertyEU Archive
IRET sells two properties at 1% valuation discount
ING UK Real Estate Income Trust (IRET) said it has exchanged contracts on the sale of two assets for a total of £14.1 mln (EUR 16.4 mln), reflecting a 1% discount on their March valuation.
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PropertyEU Archive
Catella forecasts EUR 10b investment volume in Germany for 2009
The transaction volume in the German investment market plummeted year-on-year during the first semester 2009, according to Catella Deutschland. But the property adviser believes the prospects for the year as a whole are brightening.
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PropertyEU Archive
Segro gets agreement on £109m offer for rival Brixton
Segro, the pan-European industrial property firm, is set to take over its long-time rival, Brixton plc. On Thursday it was announced the boards of both UK-based companies had reached an agreement on Segro's all-share offer.
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PropertyEU Archive
Union Investment re-enters London with EUR 165m acquisition
Union Investment Real Estate has carried out its first acquisition in the London office market for three years. The German company acquired the office building at 10 Gresham Street in the City of London for just under EUR 165 mln from insurance company Standard Life. The property is being contributed ...
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PropertyEU Archive
Redevco Belgium signs 44 new leases with Lunch Garden
Redevco Belgium and Lunch Garden have signed 44 new leases for existing Lunch Garden restaurants.
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PropertyEU Archive
Chagala opens third phase of Bautino hotel
Chagala Group has announced the opening of the third phase of its hotel in Bautino, Kazakhstan.
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PropertyEU Archive
Black Sea unveils improved offer for Rutley European Property
Black Sea Global Properties, controlled by Romanian billionaire Dinu Patriciu, has unveiled an improved cash offer for the share capital of Rutley European Property.
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PropertyEU Archive
Miami group buys from Land Secs in London
Land Securities has exchanged contracts for the sale of all of its interests in 98 Theobald's Road in London to Crescent Heights for £43 mln (EUR 50 mln).
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PropertyEU Archive
Sentiment in the German real estate defies crisis - King Sturge
King Sturge Real Estate Economy Index compiled monthly in Germany has gone up again in June despite the deep recession.
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PropertyEU Archive
Dev Secs raises £100m in open offer
UK real estate firm Development Securities has announced that has completed its fully underwritten share issue to raise £100 mln (EUR 116.5 mln). Development Securities said it received valid acceptances in respect of 14.4 million, or 57.7% of the open offer Shares from shareholders. The remaining 10.6 million shares ...
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PropertyEU Archive
European investment market volumes stabilise in Q2 - JLL
Direct investment in commercial real estate in Europe stood at EUR 24 bn in the first half of 2009, with the volume in the second quarter similar to that in the first, according to new research from Jones Lang LaSalle.
