All Real Assets articles in Web Issue – Page 435
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PropertyEU Archive
Bouwfonds acquires car park for EUR 44m
Bouwfonds' car park-focused investment vehicle has made its first acquisition in the Netherlands with the purchase of the Kolk underground car park in Amsterdam. The transaction value comes to EUR 44 mln, the fund's manager Bouwfonds Real Estate Investment Management said on Wednesday.
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PropertyEU Archive
RREEF snaps up UK mall for £60m
Germany's RREEF Spezial Invest has bought Prince Bishops shopping centre in Durham, UK from Irish investor BlackRock for £60 mln (EUR 68 mln).
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PropertyEU Archive
Deutsche Pfandbriefbank completes EUR 65m refinancing in Germany
Deutsche Pfandbriefbank has provided a EUR 65 mln medium-term facility for the refinancing of the Atlantic Haus office building in Hamburg. The building is owned by UBS Wealth Management - Global Property Fund. Shaftesbury Asset Management Group, acting as asset manager for Atlantic Haus, advised on the refinancing and the ...
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PropertyEU Archive
Max says way is clear for Industrious acquisition
UK real estate firm Max Property is set to complete its acquisition of the portfolio of the failed Industrious Group in the UK for £232 mln (about EUR 265 mln) on schedule. AIM-listed Max said in a statement on Wednesday that a legal claim issued in the High Court which ...
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PropertyEU Archive
Nozar files for administration
Privately-held Spanish real estate company Nozar has named administrators after it was unable to reach an agreement with banks for the refinancing of a EUR 700 mln syndicated loan. The company noted that it has been trying to refinance its debt for months.
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PropertyEU Archive
Sale of Dutch property portfolio almost complete
CB Richard Ellis has advised Progress, the Unilever Netherlands pension fund, on the sale of 43 of the 54 property complexes it was instructed to sell across its Dutch portfolio. The portfolio has a total estimated value of more than EUR 500 mln.
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PropertyEU Archive
Goodman plans new warehouse in Andover
Global property company Goodman and UK-based Co-operative Group have announced plans to develop a new regional distribution warehouse (RDC), which will create over 900 new jobs at Goodman’s Andover Airfield site in Hampshire.
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PropertyEU Archive
Sewell appointed to board of NewRiver Capital
NewRiver Retail, the newly formed specialist commercial property investment and asset management company, has announced the appointment of Nick Sewell to the board of NewRiver Capital.
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PropertyEU Archive
Rallye, Apsys refinance Ruban Blue mall
Rallye' s Fonciere Euris and the Apsys Group have reached an agreement with bank Locindus, part of the Credit Foncier Group, to refinance the Ruban Blue shopping centre in Saint Nazaire, Western France, through a financial lease with a purchase option.
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PropertyEU Archive
Mirax restructures $250m of debt with Alfa Bank
Russia's Mirax Group has reached agreement with Alfa Bank to restructure $250 mln (EUR 170 mln) of debt. The repayment of the loan will be postponed by up to 18 months, the bank said in a statement on Wednesday. The Russian lender is also considering providing new funding to enable ...
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PropertyEU Archive
Lloyd Fonds acquires Dutch office building for EUR 32m
Lloyd Fonds has acquired an office building in the Dutch city of Eindhoven for EUR 32 mln. The property was purchased in a sale-and-leaseback transaction from UVIT, one of the largest health insurance providers in the Netherlands. UVIT has a 15-year lease.
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PropertyEU Archive
NCC sells land and housing contract in Finland for EUR 58m
NCC Housing in Finland has signed an agreement with Icecapital Housing Fund II for the sale of land and an accompanying housing contract for SEK 590 mln (EUR 58 mln). Apartment buildings, with a total of 330 apartments, are to be constructed on the land plots in Helsinki, Vantaa, ...
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PropertyEU Archive
Unite seeks to raise EUR 87m for acquisitions
Unite Group, the UK student accommodation firm, has announced plans for a share issue to raise £77.8 mln (EUR 87 mln) net of expenses 'to take advantage of compelling acquisition opportunities in London'. The fundraising will involve the issue of 32.8 million shares through a firm placing and placing and ...
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PropertyEU Archive
PEPR obtains amendment to EUR 900m credit facility
Prologis European Properties (PEPR) announced on Thursday that it has obtained an amendment to its EUR 900 mln senior unsecured credit facility.
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PropertyEU Archive
Nanette to delist from AIM market
Nanette, the Central & Eastern European residential developer, announced on Thursday that a special resolution to delist the company from the AIM market in London was passed at the company's EGM on 16 September.
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PropertyEU Archive
Redevco opens Gordion Shopping Centre in Ankara
Retail property specialist Redevco opened the 50,000 m[sup]2[/sup] Gordion Shopping Centre in Ankara on Thursday. Gordion is Redevco's first completed project in Turkey, the firm's first green shopping centre and the first BREEAM-certified building in the Turkish capital.
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PropertyEU Archive
Axa REIM appoints new global CIO
European real estate manager Axa Real Estate Investment Managers (Axa REIM) has announced the appointment of Dennis G. Lopez as Global Chief Investment Officer. Heading up all Axa Reim Fund Management activities, Lopez will be responsible for the quality and consistency of investment services as well as the performances delivered ...
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PropertyEU Archive
Züblin rotates independent appraisers, sells properties in Germany
Züblin Immobilien Holding announced that its board has approved the rotation of the group's independent property appraisers.
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PropertyEU Archive
Multi's Les Arcades Rouge to open in November
Multi Development has announced that New Yorker and Le Grand Récré have signed leases in Les Arcades Rougé, the new 20,000 m[sup]2[/sup] project to be opened in Cholet, France on 5 November.
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PropertyEU Archive
Black Sea launches takeover bid for Deutsche Land
Romania-based investor Black Sea Global Properties (BSGP) has launched a £40 mln (EUR 45 mln) offer to buy Deutsche Land, the London-listed German property investor. BSGP, which last week raised its stake in Deutsche Land to 32.1%, is now offering 12 pence in cash per share to buy the remaining ...
