All Real Assets articles in Web Issue – Page 433
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PropertyEU Archive
Kaupthing extends senior debt facility for Invista Celsius jv
Iceland's Kaupthing Bank has extended the Invista Celsius joint venture's existing senior debt facility. Invista Real Estate said the two-year extension is on the same terms as the original loan agreement.
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PropertyEU Archive
Fund manager increases focus on commercial property
Fund manager Managing Partners Limited (MPL), which runs the British Property Opportunities Property fund, is looking to increase its exposure to commercial property. It said that there are some very strong yields to be obtained in the sector and that many commercial properties are currently attractively priced for cash rich ...
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PropertyEU Archive
McArthurGlen opens Salzburg Designer Outlet
McArthurGlen, the outlet village specialist, and Vienna Insurance Group opened their EUR 135 mln joint venture project Designer Outlet Salzburg on Thursday.
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PropertyEU Archive
Largest European mall to open in Moscow on schedule
The Patero Development company has confirmed that Golden Babylon Rostokino shopping centre in Moscow will open on 18 November this year as planned. The mall will comprise 241,000 m[sup]2[/sup] of space, making it the largest urban shopping centre in Europe, the developer said.
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PropertyEU Archive
Expo Real expects 14% decline in exhibitors
Around 1,600 exhibitors from 34 countries are expected to take part in the 12th edition of the annual Expo Real property fair, which is being held in Munich from 5 to 7 October. Messe München, the organiser of the event, bases its projections on the latest registrations.
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PropertyEU Archive
Private investors spend EUR 30m on Amsterdam retail
Private investors have acquired three retail units on the main shopping street in central Amsterdam for a total of EUR 30 mln. One of the properties sold on Kalverstraat was a Perry Sport outlet owned by Unibail-Rodamco. The other two assets were not disclosed at the request of the buyers.
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PropertyEU Archive
Quintain sells healthcare fund units for EUR 36m
UK property group Quintain on Friday announced the sale of units in the Quercus Healthcare Property Partnership fund for £31.3 mln (almost EUR 36 mln).
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PropertyEU Archive
Kardan raises EUR 38m in sale of GTC shares
Kardan, the real estate, financial services and infrastructure firm, has raised EUR 38 mln from the sale of 6.7 million shares in CEE real estate developer Global Trade Center. The stake was sold at PLN 24 (about EUR 5.75) per share. The transaction was led by Dutch financial ...
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PropertyEU Archive
Vastned Retail raises EUR 75m in share placement
Vastned Retail has raised EUR 75.6 mln through an accelerated bookbuilding offering of 1.6 million new ordinary shares at a price of EUR 45.50 per share.
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PropertyEU Archive
Deka acquires prime retail unit in Dublin
Deka Immobilien has acquired a prime retail property from the Marks & Spencer group in Ireland. The 800 m[sup]2[/sup] unit on Grafton Street in Dublin is fully let on a long term lease to Tommy Hilfiger Stores Ireland.
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PropertyEU Archive
Asian fund buys office properties from Land Securities
Land Securities confirmed on Friday that it has exchanged contracts for the freehold sale of two office buildings in London to an Asian fund investor for £50.5 mln (almost EUR 58 mln).
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PropertyEU Archive
WDP sells in Belgium, builds in Netherlands
Warehouse specialist WDP said on Friday it is selling 111,000 m[sup]2[/sup] of its site in the Belgian town of Sint Niklaas to Sint Niklaas Logistics for EUR 12.5 mln. The sale consists of two thirds of the WDP site.
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PropertyEU Archive
Brigitte Schmitt to head DTZ' Echinox's property management
DTZ has announced the appointment of Brigitte Schmitt as head of the property management department at DTZ Echinox, the international broker's Romanian operation.
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PropertyEU Archive
Investors set sights on Paris: Savills
International investors are set to target Paris as the search for good-quality well-let stock continues, according to Savills. The international real estate advisor reports a growth in investment activity in the French commercial market of 90% when comparing the first quarter of this year with the second , and an ...
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PropertyEU Archive
Catella RE, Castello SGR team up in EUR 1b jv
The German arm of Sweden's Catella Property Group and Italian real estate fund manager Castello SGR are joining forces in a new joint venture to invest up to EUR 1 bn in European real estate. Castello, which specialises in closed-end fund management, said that the new partnership aims to invest ...
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PropertyEU Archive
Ikea to invest EUR 1.5b in Italian projects
Swedish low-cost furniture giant Ikea plans to boost its presence in the Italian market with the investment of up to EUR 1.5 bn in new projects over the next four years. In an interview with Italian financial newspaper Il Sole 24 Ore, Ikea's Italian CEO Roberto Monti said that the ...
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PropertyEU Archive
Knight Frank books EUR 24m pre-tax profit
Knight Frank has reported a pre-tax profit of just under £21 mln (EUR 24 mln) for the year to end-April 2009. Allthough the result was well down on the pre-tax profit of almost £60 mln the year before, Knight Frank performed better than several of its peers.
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PropertyEU Archive
Whitehall Funds buys 900 loans in Europe
Goldman Sachs' Whitehall funds have acquired almost 900 non-performing and sub-performing loans backed by Italian residential property, with an original value of about EUR 120 mln. The Financial Times reported that the loans have been bought at less than half face value. All loans were made between 2006 and 2007 ...
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PropertyEU Archive
C&W agent for Katowice Railway Station shopping gallery
Cushman & Wakefield has been appointed exclusive agent for the commercialisation of Poland's Katowice Railway Station shopping gallery.
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PropertyEU Archive
Dutch investor APG seeks changes at Prologis Europe
Dutch pension fund APG Group has called on fellow shareholders in US logistics company Prologis European Properties (PEPR) to support its plea for corporate-governance changes ahead of a key shareholder vote, various media sources reported last week.
