All Real Assets articles in Web Issue – Page 442
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PropertyEU Archive
DTZ sees first sign of recovery in European investment
Commercial real estate investment volumes across Europe continued their upward trend over the third quarter 2009, posting a 30% increase to EUR 13.8 bn from EUR 10.7 bn in Q2 2009 - though still remaining well below the EUR 30 bn quarterly average since the beginning of the century, global ...
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PropertyEU Archive
Real IS buys 15,000 m[sup]2[/sup] office building near Paris
Germany's Real IS said that its new Real I.S. Bayernfonds Frankreich 2 fund has acquired an office complex in Clichy, near Paris. The total investment volume of the fund is around EUR 95 mln, Real IS said, of which around EUR 52.5 mln consists of its own capital. The fund ...
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PropertyEU Archive
Unicredit sells EUR 1.1bn worth of assets
Italian bank Unicredit has sold EUR 1.1 bn of property assets in two separate transactions in a bid to boost liquidity. The Milan-based lender is 'looking to reduce its property holdings from EUR 8.8 bn at present to around EUR 6 bn in the next two to three years,' Unicredit's ...
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PropertyEU Archive
FDL acquires EUR 100m of French residential assets
Foncière Développement Logements (FDL) has signed letters of intent with two of its institutional shareholders, Cardif and Covéa Group's MMA, for the transfer of 339 housing units in France to its real estate portfolio. The transaction value amounts to a total of EUR 100 mln, excluding transfer duties. FDL will ...
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PropertyEU Archive
Vivico sells 9,500m[sup]2[/sup] office building in Berlin to private investor
Germany’s Vivico Real Estate has sold its ‘Römischen Hof’ (Roman Court) office building on one of Berlin’s most prominent boulevards, ‘Unter den Linden’, to a private investor, the company said. No financial details were disclosed.
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PropertyEU Archive
ECE secures EUR 20m refinancing for Arkady Pankrac Prague
German shopping centre group ECE said on Friday that it has secured long-term refinancing of its equity investment in Arkady Pankrac Prague. Berlin Hyp is providing a total of EUR 20 mln in dept capital to refinance a significant share of ECE's 25% stake in the centre.
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PropertyEU Archive
Frankfurt lettings down 30% on 2008
Some 273,000 m[sup]2[/sup] office space was let in Frankfurt to the end of September 2009, according to NAI apollo. This is a decrease of 30% compared to the previous year.
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PropertyEU Archive
Direct European investment up 40% in Q3 2009: JLL
Direct investment in commercial property in Europe increased to EUR 18 bn in the third quarter of 2009 - up 40% quarter-on-quarter on the EUR 12.9 bn recorded in the second quarter, according to Jones Lang LaSalle's latest investment update released at Expo Real in Munich on Monday.
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PropertyEU Archive
Sonae Sierra presents 3 new shopping centres at Expo Real
Shopping centre specialist Sonae Sierra will showcase architectural models of three current projects in Romania, Germany and Italy during the Expo Real trade fair in Munich. Sonae Sierra's team of experts will present interested parties the three projects which are in various phases of completion and each represents special challenges ...
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PropertyEU Archive
NEPI buys EUR 63m retail park in Romania
New Europe Property Investments (NEPI), the AIM-listed Central and Eastern European property investment company, has spent EUR 63 mln on the acquisition of the European Retail Park in Braila, Eastern Romania, from local retail developer BelRom. The transaction price represents a combination of cash and NEPI ordinary shares. In ...
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PropertyEU Archive
Ferrovial, Acciona mull sale-and-leaseback of Madrid office buildings
Spanish construction group Ferrovial has received a number of bids for its Madrid headquarters which would see the building taken over under a sale-and-leaseback structure. The firm is now considering the offers for the headquarters located at Principe de Vergara in the Spanish capital, a spokesperson for the company told ...
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PropertyEU Archive
Barcelona showcases economic triangle at EXPO
The Catalan government and the City of Barcelona have joined forces to showcase the region’s ‘economic triangle’ at EXPO REAL for the first time. Three established growth areas based on a knowledge-based economy form the Barcelona Triangle: 22@Barcelona, Alba Park and delta Bcn.
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PropertyEU Archive
Berlin Hyp opens Paris office
German bank Berlin Hyp plans to open a new office in the French capital Paris in spring 2010. The move follows recent openings in Amsterdam, London, Prague and Warsaw and will be the bank's fifth foreign office.
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PropertyEU Archive
CBRE opens new business line in Germany
CBRE has strengthened its service offering in the German real estate market with the opening of a new business line, ‘Building Consultancy’. The new division will be headed by Alexander von Erdély, who is also overseeing the ‘Public Advisory Services’ division of CBRE Germany.
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PropertyEU Archive
Prupim buys UK Supreme court from Kier
Leading real estate investment manager, Prupim has bought a 30-year leasehold interest in the new UK Supreme Court on Parliament Square for a sum exceeding £30 mln (EUR 32.6 mln) on behalf of its Prudential Annuity Fund from Kier Property.
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PropertyEU Archive
Union Investment buys Motel One hotel in Hamburg
Union Investment Real Estate has bought a Motel One hotel project in Hamburg's Neustadt from Neuer Steinweg, a joint venture between Deutsche Immobilien and Hamburg Team. The financial details were not disclosed. The acquisition is earmarked for Union Investment's institutional real estate fund Immo-Invest: Europe.
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PropertyEU Archive
Docks Lyonnais refinances Tour Mozart
France's Les Docks Lyonnais has reached an agreement with a bank syndicate for the refinancing of part of the Mozart tower the company acquired from Bouygues Immobilier for EUR 484 mln in 2007. French newspaper Business Immo reported that a bank consortium comprising Calyon, DekaBank, Helaba, Natixis and Société ...
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PropertyEU Archive
Herald fund eyes Germany, France
The Herald Fund, Henderson Global Investor's €900 mln retail fund, is working on a potential acquisition of a shopping centre in Germany and looking at other opportunities as it seeks to invest its remaining €100 mln in equity. David Turner, who took over as head of the fund in March ...
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PropertyEU Archive
Marks & Spencer opens its first store in Tri-city
Marks & Spencer has leased 2,039 m[sup]2[/sup] of space in the Klif Gdynia shopping centre in Poland. Cushman & Wakefield represented the tenant in the transaction.
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PropertyEU Archive
Hochtief sells Portikon scheme in Zurich
Hochtief Development Schweiz has sold the Portikon office and commercial building in Zurich-Opfikon to Acron Helvetia VII Immobilien. The purchase price was not disclosed.
