All Real Assets articles in Web Issue – Page 437
-
PropertyEU Archive
Pramerica launches UK real income fund
Pramerica Real Estate Investors is to launch the Pramerica UK Real Income Fund, an open-ended, commingled strategy to invest in a portfolio of UK commercial real estate on behalf of institutional investors. Pramerica is the European arm of Prudential Financial's (global real estate investment and advisory business, headquartered in the ...
-
PropertyEU Archive
TMW Weltfonds to re-open by year-end
Pramerica Real Estate Investors said on Friday that it expects to re-open its TMW Immobilien Weltfonds by the end of 2009 after having raised the fund's liquidity ratio to about 20%. The fund's increased liquidity is the result of the sale of two properties in Switzerland and the US, it ...
-
PropertyEU Archive
Land Secs pays down £1.5b of debt, eyes buying opportunities
Land Securities announced on Tuesday that it is repaying £1.5 bn of debt and will repay further facilities during the calendar year. The leading UK REIT said the decision allowed it to return to a normal operating environment in its Security Group debt structure.
-
PropertyEU Archive
Accor sells 158 hotels in France for EUR 272m
France's Accor has announced the sale and leaseback of 158 budget hotels representing a total of 12,300 rooms in France. The transaction price amounts to EUR 272 mln.
-
PropertyEU Archive
Minerva concludes £750m debt refinancing
Minerva said on Tuesday that it has refinanced, extended or restructured loan facilities in excess of £750 mln (EUR 828 mln). The UK property developer-investor said key financial loan covenants have been deferred or removed altogether, with no scheduled loan maturities in the current or next financial year.
-
PropertyEU Archive
ASR tower in Netherlands sells for EUR 83m
The provincial authority for the Utrecht region in the Netherlands has backed a longstanding proposal to acquire the headquarters of insurance group ASR. The investment volume comes to EUR 82.7 mln.
-
PropertyEU Archive
AREA appoints Alban Liss to launch Paris office
AREA Property Partners (AREA) has appointed Alban Liss to launch the group's new Paris office and lead its French investment activities. Liss joins AREA from Generali Real Estate where he spent six years and was responsible for investments of over EUR 4 bn in real estate assets. In 2008, he ...
-
PropertyEU Archive
Planning cleared for Dublin's Ballymun Town Centre
Real Estate Opportunities (REO), developers of the Battersea Power Station site, has secured full planning permission for the EUR 800 mln regeneration of Ballymun Town Centre in north Dublin close to the airport.
-
PropertyEU Archive
Prologis closes two financings for PEPF II
Prologis has completed two financing deals totalling EUR 133 mln on behalf of Prologis European Properties Fund II (PEPF II). Proceeds from the financings were used to pay down PEPF II's warehouse line of credit.
-
PropertyEU Archive
Global downturn hits half of world's top shopping streets: C&W
More than half of the world's most prestigious shopping streets have been affected by the global economic downturn, with 54% of the 274 streets monitored by real estate adviser Cushman & Wakefield seeing their prime rents fall. Six of the 10 top shopping streets are located in Europe.
-
PropertyEU Archive
Prologis leases 29,000 m[sup]2[/sup] toTPN
Prologis announced today it has signed a third-quarter lease agreement for a newly developed, 29,000 m[sup]2[/sup] distribution facility in the UK to TPN. The pallet distribution firm will occupy building 4 at Prologis Park Midpoint in the West Midlands. TPN is an established Prologis customer in the UK and ...
-
PropertyEU Archive
Liberty International raises EUR 311m in share placing
UK-listed shopping centre group Liberty International raised gross proceeds of £280.5 mln (EUR 311 mln) from the placing of 56 million shares at 500 pence each on Wednesday. The proceeds will enable Liberty to resume investment in its UK regional shopping centres and Central London assets. Except for pre-existing commitments, ...
-
PropertyEU Archive
Real I.S. acquires new Ernst & Young HQ in Brussels
German fund Real I.S. has re-entered the Belgian investment market after an eight-year absence by purchasing the new Ernst & Young headquarters from UK developer Segro for about EUR 35 mln in Diegem, Brussels. 'Despite a lacklustre market, this deal proves the importance of the German funds during this stagnant ...
-
PropertyEU Archive
Commerz Real acquires office scheme southeast of Paris
Commerz Real acquired the office scheme 'Le Flavia' from GE Real Estate France in Ivry-sur-Seine near Paris. The total investment volume of the acquisition, which is earmarked for the hausInvest europa open-ended real estate fund, was about EUR 72 mln.
-
PropertyEU Archive
Andrew Jones to step down as head of retail at British Land
Andrew Jones is set to step down from his posts as executive director and head of retail at British Land. The UK REIT said in a statement on Wednesday that Jones is considering leaving and has commenced discussions 'regarding the timing of any such departure'.
-
PropertyEU Archive
Orco bondholders to consider restructuring plan
Troubled CEE developer Orco Property Group faces a crucial meeting at the Commercial Court of Paris on Thursday as bondholders are asked to back the company's restructuring plan. Orco was granted protection from its creditors by the Paris court last March, and earlier this month the firm proposed that the ...
-
PropertyEU Archive
ICSC brings outlet conference to Milan
The International Council of Shopping Centers’ is taking its Outlet Centre Conference to Milan for the first time. The event is being held on 14 & 15 October at the Starhotels Business Palace, Milan.
-
PropertyEU Archive
Multi opens Centrum Galerie in Dresden
Multi Development's Centrum Galerie on the Prager Straße has opened its doors in Dresden. The shopping gallery comprises a total retail area of 62,000 m[sup]2[/sup] spread over four floors with around 1,000 parking spaces.
-
PropertyEU Archive
Robert Lawless joins HDG Mansur as CFO
HDG Mansur Investment Services has announced the appointment of Robert Lawless as chief financial officer. Lawless will serve as a member of the Executive Committee, the Investment Committee and the Senior Management Committee.
-
PropertyEU Archive
Valad unveils equity raising
Sydney-listed real estate group Valad announced a fully underwritten equity raising to raise AUD$56.5 mln (EUR 33.3 mln). The proceeds will be used to settle the deferred liability of £29.5 mln which stems from Valad's acquisition of UK-based funds management business Scarborough in 2007 to form the basis of its ...
