All Real Assets articles in Web Issue – Page 448
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PropertyEU Archive
HIH buys 18,000 m[sup]2[/sup] Columbus Haus in Hamburg
A consortium of Tishman Speyer Properties, Lehman Brothers Real Estate Partners and Hamburg-based Quantum Immobilien has sold the Columbus Haus office complex in Hamburg's Hafen City to an institutional fund managed by German investor Hamburgische Immobilien Handlung (HIH). The financial details were not disclosed.
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PropertyEU Archive
Trigranit to build EUR 1.5b complex in Bratislava
CEE property developer Trigranit has announced plans to develop one of Europe's largest entertainment, commercial and conference centres south of Bratislava, Slovakia. The Metropolis scheme will be developed in a joint venture with Harrah's Entertainment, one of the world's largest casino operators.
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PropertyEU Archive
Anglo Irish to offload EUR 1b real estate portfolio
Anglo Irish Bank is reportedly in discussions to sell a EUR 1 bn real estate portfolio to Green Properties, a company controlled by UK property entrepreneur Stephen Vernon.
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PropertyEU Archive
Sparinvest raises EUR 100m for new fund of funds
Danish property company Sparinvest Property Investors has said that its second institutional real estate fund of funds, Sparinvest Property Fund II (SPF II), has raised over EUR 100 mln of equity at its first closing.
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PropertyEU Archive
FdR to buy EUR 267m office portfolio at 7% yield
Fonciere des Regions (FdR) has returned to the acquisition trail with the all-share purchase of five prime office buildings in France for a total investment volume of EUR 267 mln. The deal, reflecting a net initial yield of 7%, is the first acquisition by the French listed investment company in ...
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PropertyEU Archive
LB Immo Invest buys retail park in Amsterdam for EUR 42m
LB Immo Invest, the special funds subsidiary of HSH Real Estate, has acquired a retail park in Amsterdam for around EUR 42 mln from developer Borghese Real Estate, HSH Real Estate said.
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PropertyEU Archive
Wolbern Invest acquires Dutch power firm's HQ
Hamburg-based Wölbern Invest has acquired an office development in Rotterdam for a new EUR 50 mln closed-ended fund being launched in spring 2010. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Sal. Oppenheim scales down stake in Arcandor
The owners of private investment bank Sal. Oppenheim have cut their stake in the Arcandor group from 24.9% to 9.69%, Arcandor reported. The reduction means the bank has lost its status as biggest shareholder in the beleaguered retail and tourism group, which filed for insolvency earlier this year.
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PropertyEU Archive
Positive capital growth in UK limited by falling rents: IPD
The UK's commercial property markets delivered the largest monthly capital growth since June 2006, at 1.1%, according to the IPD UK Monthly Index. This increased pace of market acceleration brings third quarter growth to 1.2%.
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PropertyEU Archive
DTZ forecasts London City rent rise, improving yields in Europe
London continues to lead the cycle in Europe with prime City rents forecast to rise in 2010, on the back of tight supply, while across Europe rents are stable or falling. This follows a further fall of 17% by year end 2009, according to DTZ's latest forecast for
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PropertyEU Archive
ING RE to sell stake in Le Mans mall in France
ING Real Estate is seeking to sell its interest in the Centre Sud shopping centre in the southern part of Le Mans, France. The company confirmed to PropertyEU that Jones Lang LaSalle has received the mandate to sell its stake in the mall which is valued at some EUR 65 ...
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PropertyEU Archive
Deutsche Pfandbriefbank issues EUR 1b pfandbrief
Deutsche Pfandbriefbank announced on Thursday that it has successfully placed a EUR 1 bn public sector jumbo pfandbrief. The bank said it has met with a very positive market response and the volume in the order book was EUR 1.3 bn.
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PropertyEU Archive
Signa in talks to buy EUR 250m of assets in Vienna
Austrian investment fund Signa Holding is reportedly in negotiations to purchase two flagship assets in Vienna from British investment fund Matrix. Matrix acquired the IZD tower from US fund Doughty Hanson in 2006 for EUR 247 mln.
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PropertyEU Archive
Generali buys Maciachini centre from IVG for EUR 300m
The property arm of Italian insurance giant Generali confirmed to PropertyEU on Thursday that it has acquired the Maciachini business centre in the heart of Milan for roughly EUR 300 mln.
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PropertyEU Archive
Invesco aims to invest up to EUR 350m in Germany
Invesco Real Estate said it plans to invest between EUR 150 mln and EUR 350 mln for its funds in Germany, Fabian Manegold, Director of Transaction Germany, said in an interview with Thomas Daily.
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PropertyEU Archive
EBRD mulls EUR 41m loan to fund Croatian mall
The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to EUR 41 mln for the construction of a shopping centre in the city of Osijek, Eastern Croatia. In a statement on its website, the bank said it is in negotiations with the Croatian property ...
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PropertyEU Archive
Credit Suisse acquires office properties in US and UK
Credit Suisse's international real estate fund has entered the US market and stepped back into the UK with the acquisition of four prime office buildings in recent months for a total investment volume of CHF 266.5 mln (EUR 176 mln).
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PropertyEU Archive
Reatis joins NAI apollo network as German market revives
German real estate investment firm Reatis has joined the property consulting network NAI apollo as new investment cooperation partner. NAI apollo is the exclusive German partner of NAI, the largest global network of owner-operated real estate services companies.
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PropertyEU Archive
Barcelona Meeting Point goes Russian
The 13th edition of Barcelona Meeting Point (BMP) later this month is being billed as 'Year of Russia'. In contrast to the recent Expo Real where the Russian presence was significantly smaller than previous years, the 2009 international real estate fair in Barcelona is attracting a large Russian contingent, the ...
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PropertyEU Archive
Les Docks Vauban retail and leisure centre opens in Le Havre
ING Real Estate Development has announced the opening of the Docks Vauban retail and leisure centre in Le Havre, France. The scheme is the centrepiece of the transformation of the 18th-century historic harbour - a UNESCO World Heritage Site - into a major shopping, leisure and cultural destination in Normandy.
