All Real Assets articles in Web Issue – Page 449
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PropertyEU Archive
European investment rises for the first time in seven quarters
The European investment market turned the corner in Q3 with an increase of 2%, according to leading real estate adviser BNP Paribas Real Estate's latest European Investment Market Indices.
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PropertyEU Archive
Non-listed funds gloomy on short-term market recovery
Sentiment in the non-listed real estate funds sector is being dictated by uncertainties related to the underlying property market, valuations and ongoing financing issues, according to the latest survey from the association of non-listed real estate investors Inrev.
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PropertyEU Archive
Carrefour leases 13,000 m[sup]2[/sup] in Moscow's River Mall
French hypermarket giant Carrefour will open its second store in Moscow through the lease of 13,000 m[sup]2[/sup] of retail space in the River Mall shopping and entertainment center in Moscow.
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PropertyEU Archive
Somerset Real Estate leases 10,000 m[sup]2[/sup] to Sprague Magnetics
Broker DTZ Zadelhoff has announced that Somerset Real Estate has leased 10,000 m[sup]2[/sup] of production space to Sprague Magnetics Europe at a property in the Dutch town of Wijchen.
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PropertyEU Archive
IVG pulls off 5 new sales to meet EUR 1bn disposal target
IVG Immobilien announced on Friday that it has already achieved its target of EUR 1 bn of asset divestments by 2010. The sale target was the second major element of a restructuring programme formulated by IVG at the start of the year. The firm achieved the first crucial aim earlier ...
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PropertyEU Archive
DIC leases 1,350 m[sup]2[/sup] in Munich Airport Business Park
DIC Asset has announced it has secured two further leasing deals at its property in the Munich Airport Business Park in Hallbergmoos, Germany. Sensor manufacturer Keyence Deutschland GmbH prematurely extended its lease agreement for 400 m[sup]2[/sup] at Lilienthalstraße 17, only a short distance from Munich Franz-Josef-Strauß Airport, by several years. ...
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PropertyEU Archive
W. P. Carey Group completes EUR 10m sale-leaseback
Investment firm W. P. Carey & Co. announced that its publicly-held, non-traded REIT affiliate, CPA Global, has entered into a sale-leaseback transaction with the OBI Group totaling approximately EUR 10 mln.
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PropertyEU Archive
Nieuwe Steen's divestment programme hits EUR 103m
Nieuwe Steen Investments (NSI) has sold four Dutch properties for a total of EUR 15.3 mln. The sales bring the volume of the Dutch firm's divestment programme of small, management-intensive properties, which was launched in September 2008, to EUR 103 mln. The proceeds are being used to reduce debt and ...
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PropertyEU Archive
Belgium's Retail Estates buys 14 shops for EUR 25m
Belgian investment property company Retail Estates has acquired a portfolio of 14 shops with a total value of EUR 25 mln from an unnamed British investor, according to Belgian news reports.
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PropertyEU Archive
Klepierre sells two Paris assets for nearly EUR 200m
French listed property company Klepierre has signed agreements to sell two commercial properties in the heart of Paris for a total of EUR 198.5 mln. The assets consist of an office building located at avenue Kléber leased for two thirds to Credit Suisse and the rest to Veolia Environnement.
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PropertyEU Archive
AMB obtains EUR 232m refinancing deal
Global industrial real estate specialist AMB has announced that it has refinanced a $325 mln (eur 218.4 mln) senior unsecured term loan facility, which was set to mature in September 2010.
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PropertyEU Archive
Eurohold sells Sofia HQ for EUR 27m
Bulgarian industrial and financial group Eurohold has sold the Avto Union Centre office building in Sofia in a sale-and-leaseback transaction to private equity firm Bluehouse Capital Partners. The transaction price amounts to some EUR 27 mln.
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PropertyEU Archive
Youniq acquires land in Munich for 9th student flat project
Listed German real estate firm Youniq (formerly Alta Fides) has acquired a second plot of land in Munich for the development of student flats. The project will be the firm's ninth project for student accommodation in five locations in Germany.
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PropertyEU Archive
Aberdeen signs asset management deal in Netherlands
The Dutch arm of Aberdeen Property Investors has signed an asset and property management contract with Hamburg's HSH Real Estate for a 29,000 m[sup]2[/sup] retail unit in Amsterdam. The unit at Sijsjebergweg in the Dutch capital was bought by LB Immo Invest from Borghese Real Estate and is leased to ...
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PropertyEU Archive
CBRE Investors' Affori centre awarded Leed Silver
CBRE Investors' Affori Centre in Milan has been awarded the LEED Silver certificate. The 12,000-m[sup]2[/sup] office complex, which will be delivered in December 2009, is composed of three interconnected buildings.
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PropertyEU Archive
API sells Dutch office property for Swedish investor
Aberdeen Property Investors (API) has sold an office complex in the Dutch city of Eindhoven on behalf of a Swedish pension fund to Schalkwijk Vastgoed. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Newriver Capital appoints financial director
AIM-listed Newriver Retail has announced the appointment of Mark Davies as finance director to the board of Newriver Capital.
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PropertyEU Archive
Threadneedle appoints new head of Distribution
Threadneedle has announced the appointment of Campbell Fleming to the position of head of Distribution. Campbell will join the company in November to lead Threadneedle's global distribution function, which includes the wholesale and institutional business as well as marketing and product development.
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PropertyEU Archive
Austria's Immoeast sells stake in Bulgarian REIT
Vienna-based real estate developer Immoeast has sold its 42% stake in Sofia-based real estate investment trust Prime Property, Bulgarian newspaper Dnevnik reported, citing sources close to the transaction. According to the paper Immoeast has sold its interest in the Bulgarian investment firm to local companies Delta Food and Global Tours.
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PropertyEU Archive
BAM Group to merge real estate development units
Building firm Royal BAM Group has announced plans to merge its two operating companies active on the Dutch property market, AM Vastgoedontwikkeling and BAM Vastgoed. The new entity will operate under the name AM as from 1 January 2010.
