All Real Assets articles in Web Issue – Page 431
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PropertyEU Archive
Banks increase lending for larger lots: Savills
Savills today named the UK commercial property market’s 23 top lenders for H209. The list has almost doubled since March 2009 and German banks continue to dominate, accounting for nearly half.
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PropertyEU Archive
Alstria sells three office properties for EUR 15.5m
Alstria Office, an internally managed German Real Estate Investment Trust (REIT) has agreed to sell three properties for a total investment volume of EUR 15.5 mln.
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PropertyEU Archive
GVA, Palmer launch £160m fund for UK
Palmer Capital Partners has announced the launch of The Palmer GVA Property Fund LP, with equity raised from both institutional and private investors.
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PropertyEU Archive
Risanamento gets EUR 772m rescue package from banks
Italy's troubled property developer Risanamento has reached a number of deals with its creditor banks as it works to stave off bankruptcy. The Milan-based firm was given the green light by its banks on a restructuring plan which will see some of Italy's major financial institutions take control of the ...
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PropertyEU Archive
Aisa refinances EUR 80m of debt
Asia, the Spanish property company previously known as Astroc, is finalising the refinancing of EUR 80 mln of syndicated debt provided by a number of financial institutions including Caja Sur. The company, which is currently in the process of merging with Grupo Fergo, is expected to close the operation in ...
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PropertyEU Archive
CBRE Investors appoints ex-Helios executive
CB Richard Ellis Investors, the global real estate investment management firm, has announced a senior appointment to its Strategic Partners business in a newly created position. Rob Trevor joins the team as a principal where he will have responsibility for development projects, leasing and executing business plans on existing assets.
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PropertyEU Archive
DTZ appoints new chief operating officer for Europe and London MD
Steve Watts as chief operating officer for continental Europe at global broker DTZ. Watts was previously managing director of DTZ London and the south-east. He has been succeeded by Ian Thomas.
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PropertyEU Archive
Michael Bucker to become Commerz Real chairman
Commerz Real has named Michael Bücker as the incoming chairman of the board as part of a 'strategic reorientation' at the German real estate investor.
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PropertyEU Archive
CBRE Investors strengthens strategic UK unit
CB Richard Ellis Investors said it has appointed Rob Trevor to its Strategic Partners business in a new position created to reflect the increasing opportunities available in the UK real estate sector.
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PropertyEU Archive
Hansteen plans conversion to REIT status
AIM-listed European industrial property firm Hansteen has confirmed plans to move to London Stock Exchange's official list next year and convert into a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
PEPR to convert to Sicav to increase financial flexibility
Prologis European Properties (PEPR), one of Europe’s largest owners of modern distribution facilities, plans to convert from a fonds commun de placement (FCP) to a société d’investissement à capital fixe (Sicaf) in a bid to increase its financial flexibility. PEPR has called an extraordinary general meeting on 30 September to ...
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PropertyEU Archive
Deutsche Pfandbriefbank places jumbo EUR 1.5bn covered bond
Deutsche Pfandbriefbank - the core bank of the Hypo Real Estate group - placed a EUR 1.5 bn Jumbo mortgage Pfandbrief on Tuesday. The bank said that the Pfandbrief, which marks the group's first public issue for more than a year, was three times over-subscribed.
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PropertyEU Archive
Urbas to issue EUR 150 mln of convertible bonds
Spain's Urbas Guadahermosa plans to issue EUR 150 mln of convertible bonds to improve the company's financial position. The first part of the operation involving EUR 45 mln in bonds is to be completed before 31 October. These bonds will be converted into shares within four to six months, the ...
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PropertyEU Archive
New European mall openings to fall until 2011: C&W
European shopping centre development activity will hit a five-year low in 2010, with only 7 million m[sup]2[/sup] of new space due to open, global real estate adviser Cushman & Wakefield has predicted.
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PropertyEU Archive
Paref's OPCI shops in Marseille for EUR 26m
Naos, a new OPCI investment vehicle launched by Paref Gestion, has completed its first transaction with the purchase of a retail asset in Marseille from the French DIY group Castorama. The acquisition price comes to EUR 26 mln, the fund manager said, including EUR 10 mln of own equity.
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PropertyEU Archive
Private investors acquire Dutch retail portfolio for EUR 45m
Three private investors have acquired a portfolio of 12 retail units in the Netherlands in a share transaction. Although the financial details were not disclosed, PropertyNL - a sister publication of PropertyEU - estimates that the investment volume came to about EUR 45 mln, reflecting a yield of 5% to ...
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PropertyEU Archive
Invesco spends EUR 75m in UK and France for German client
Invesco Real Estate announced on Tuesday that it has invested a total of EUR 75 mln in two deals in Scotland and France. Invesco carried out the investments on behalf of the iii-BVK Europa-Immobilien-Spezialfonds, an institutional real estate fund of Bayerische Versorgungskammer (BVK). Invesco has managed the fund since 2000.
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PropertyEU Archive
RBM buys back bonds at 88% discount
Latvian-based Property Group RB Management (RBM) has announced that Acme Corporation, one of the companies services by the group, has negotiated a discounted repurchase of subordinated debt securities.
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PropertyEU Archive
API enters student accommodation sector in UK
Aberdeen Property Investors (API) has made its first significant acquisition in the student accommodation sector, with the purchase of Purbeck House in the UK city of Bournemouth from the Cordea Savills Student Hall Fund.
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PropertyEU Archive
Roger Gray appointed chief investment officer at USS
Roger Gray has been appointed chief investment officer at the Universities Superannuation Scheme. He succeeds Peter Moon, who is retiring after 17 years at USS.
