All Real Assets articles in Web Issue – Page 429
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PropertyEU Archive
Newsum sees a stronger voice for ULI on public policy
Jeremy Newsum is not fazed by being the first Brit to chair the Urban Land Institute, the US parent organisation of ULI Europe which has its roots in 1930s America and a wide US following. ‘I think it may have come as a shock to some Americans. But luckily they ...
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PropertyEU Archive
Tikal Plaza buys Milan's Porta Vittoria for EUR 134m
Italian property entrepreneur Danilo Coppola has signed a preliminary agreement with Ipi to buy the Porta Vittoria site in the centre of Milan for a total of EUR 134 mln. The acquisition, made through his investment holding Tikal Plaza, is expected to be closed by the end of October. Coppola ...
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PropertyEU Archive
Union Investment acquires Hamburg mall for EUR 164m
Union Investment has acquired the Mercado shopping centre in Hamburg for EUR 164 mln, in what the open-ended fund manager described as the largest single property investment deal in Germany so far this year.
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PropertyEU Archive
NewRiver Retail raises £25m in IPO
NewRiver Retail, the newly formed specialist commercial property investment and asset management company in the UK, successfully raised £25 mln (EUR 28 mln) in IPOs on London's junior market AIM and the Channel Islands Stock Exchange.
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PropertyEU Archive
Banks agree EUR 328m debt facility for Welsh shopping centre
Three German lenders and the UK's Nationwide Building Society have agreed to provide a debt facility for up to £290 mln (EUR 328 mln) to the joint venture which is redeveloping the St David's shopping centre in Cardiff, the capital of Wales.
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PropertyEU Archive
ING Real Estate Finance moves up into top 5 financiers
ING Real Estate Finance moved up three notches in this year's PropertyEU ranking of Top 30 Financiers in Europe from eighth to fifth position. The ranking was headed again this year by Royal Bank of Scotland, Eurohypo, Deutsche Pfandbriefbank (formerly Hypo Real Estate) and Anglo Irish Bank.
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PropertyEU Archive
French investment volumes tipped to reach EUR 7 bn this year
Investment in French commercial property rose by almost 90% to EUR 1.7 bn in the second quarter of 2009, compared to just EUR 0.9 bn in the first quarter of the year, a new research report issued by real estate advisor BNP Paribas shows.
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PropertyEU Archive
Cofinimmo disposes of receivables at Brussels office complex
Listed Belgian real estate firm Cofinimmo has sold future lease receivables for two office buildings in Brussels to BNP Paribas Fortis for just under EUR 200 mln.
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PropertyEU Archive
Continent catches up with London in pain stakes
With yields in the UK market starting to stabilise and even decline for selected prime assets, bargain hunters are now looking elsewhere in Europe. For many, like Henderson Global Investors, their first port of call will be Paris.
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PropertyEU Archive
DG Hyp: massive expansion in MBS portfolio risk
DG Hyp strongly expanded its new property financing business during the first half of 2009,. Compared to the same period during the prior year, the volume of approved loans rose by 19.1% to approximately EUR 2 bn.
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PropertyEU Archive
Amplion fund acquires 50,000m[sup]2[/sup] portfolio in Finland
The ANL Kiinteistöt 1 fund, which is managed by Sweden's Amplion Asset Management, has acquired a major office/retail portfolio in Finland from Trackside Holding for an undisclosed sum.
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PropertyEU Archive
AMB leases 6,000m[sup]2[/sup] in Paris development
Industrial real estate operator and developer AMB announced it has leased 6,000 m[sup]2[/sup] in AMB Port of Rouen, a development in the Paris market which is now fully leased.
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PropertyEU Archive
Reyal Urbis' loss narrows to EUR 69m in H1 2009
Spanish property company Reyal Urbis said it reported a loss of EUR 69 mln in the first half of the year, representing an 80% improvement compared to a loss of EUR 332 mln in the same period last year. In a statement to the Spanish financial market regulator CNMV on ...
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PropertyEU Archive
Deka acquires office building in Washington DC for EUR 146m
Germany's Deka Immobilien has purchased the newly built office property '1999 K Street' in Washington DC for $208 mln (about EUR 146 mln). The property was sold by US real estate investment trust Vornado.
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PropertyEU Archive
Delivery of EMEA office developments to surpass 2008 level - CBRE
An acceleration of completions of speculative office development schemes in markets across Europe, Middle East and Africa (EMEA) in the second half of this year will result in the total for 2009 surpassing 2008 levels, according to the latest research by CB Richard Ellis (CBRE).
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PropertyEU Archive
Helical Bar sells Rex House in London for EUR 39m
Helical Bar has sold its short leasehold interest in Rex House, 4 -12 Regent Street, London SW1 to the freeholder, The Crown Estate, for a cash consideration of £34 mln (EUR 38.7 mln).
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PropertyEU Archive
Warimpex sells Andel's hotel in Krakow to Deka
Warimpex has sold its Andel's hotel in the Polish city of Krakow to Deka Immobilien. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Arcandor top managers quit as insolvency proceedings open
The chief executive and other top managers at German retail and tourism group Arcandor resigned on Tuesday as involvency proceedings at the company opened at a court in Essen.
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PropertyEU Archive
Henderson's Herald signs two lettings at Serravalle
Henderson Global Investors' EUR 900 mln pan-European retail property fund, Herald, has let the final two units in Phase A at Serravalle Retail Warehouse Park, Italy. Bormioli Rocco, an upmarket glassware retailer has taken a 400 m[sup]2[/sup] unit on a seven year lease and Kiabi, the French fashion store has ...
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PropertyEU Archive
Conwert acquires 1,000 Berlin apartments for EUR 67m
Listed Austrian real estate group Conwert Immobilien Invest SE has acquired three property companies that own a total of 1,016 apartments in Berlin from Germany's Colonia Real Estate for almost EUR 67 mln.
