All Real Assets articles in Web Issue – Page 453
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PropertyEU Archive
London market leads property recovery: RICS
The latest UK commercial property survey published by the Royal Institute of Chartered Surveyors (RICS) shows that a greater number of surveyors in the UK are now reporting rising enquiries and lettings activity for the first time in over two years.
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PropertyEU Archive
LaSalle-managed fund acquires Le Bleriot office building for EUR 100m
LPOV, an investment fund managed by LaSalle Investment Management, has reportedly carried out its first acquisition in France with the purchase of Le Bleriot office building in Suresnes, in the western suburbs of Paris, from Standard Life Investments (SLI). The transaction prices comes to some EUR 100 mln, French media ...
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PropertyEU Archive
Icade sells office building for EUR 90m
French property company Icade said that it has signed an agreement to sell a Haussmann building situated at 114 Avenue des Champs-Elysées in the eighth arrondissement of Paris for EUR 90 mln.
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PropertyEU Archive
Spain's Colonial close to refinancing agreement with banks
The creditor banks of Spanish property company Colonial may end up controlling nearly 90% of the troubled real estate developer if they sign a refinancing agreement currently under negotiation, Spanish financial paper Expansion has reported.
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PropertyEU Archive
Allianz acquires Berlin-Zehlendorf scheme for EUR 18m
Allianz Real Estate Germany has begun to invest again after a four-year absence from the market with the purchase of the commercial scheme in Berlin-Zehlendorf for approximately EUR 18 mln.
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PropertyEU Archive
Redevco delivers 2nd Turkish mall in two months
Redevco has delivered its second shopping centre in Turkey in just two months with the opening of the Erzurum centre to the public last week.
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PropertyEU Archive
France's Terreis buys 3 Paris buildings for EUR 61m
French property investor Terreis has announced the EUR 61.5 mln acquisition of three office buildings at Rue Marbeuf, in Paris' eighth arrondissement. The deals, closed last month, represent a net initial yield of 7.5%. Terreis said that the acquisitions are 'in line with its active acquisition policy' launched at the ...
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PropertyEU Archive
Europa Capital, M7 team target light industrial in the UK
London-based property fund managers Europa Capital and M7 are joining forces to acquire multi-let industrial assets in the UK. The new joint venture, The Light Industrial Property Partnership (LIPP), will have the capacity to acquire over £130 mln (EUR 142 mln) of assets.
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PropertyEU Archive
MAB acquires Roppenheim outlet site in Alsace
MAB Development, the real estate development subsidiary of Rabobank, has agreed to acquire the Roppenheim outlet centre development site in Alsace, France.
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PropertyEU Archive
Jernhusen acquires Hotel Scandic Continental in Stockholm
Swedish property company Jernhusen has acquired the leasehold for Hotel Scandic Continental from Swedish life insurance company Folksam for approximately EUR 50 mln.
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PropertyEU Archive
Deka fund acquires Duisburg office property from Immofinanz
One of Deka Immobilien's special funds has acquired an office property in the German city of Duisburg for about EUR 35 mln.
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PropertyEU Archive
ING Development faces uncertain future after split-up
The future of ING Real Estate Development remains uncertain following the split-up of parent company ING Group into separate banking and insurance units. In due course, the bank plans to spin off the insurance arm altogether and focus exclusively on its European banking activities.
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PropertyEU Archive
Morgan Stanley puts German assets up for sale: report
Morgan Stanley Real Estate Funds (MSREF) has put the Sony Center in Berlin up for sale, according to a report in Financial Times Deutschland. BNP Paribas Real Estate has been commissioned to market the property, which Morgan Stanley acquired from electronics giant Sony at the beginning of 2008 for a ...
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PropertyEU Archive
Tishman Speyer buys Paris office building
US investor Tishman Speyer has bought an office building located at 2-4 Rue Jules Lefebvre, in the ninth arrondissement of Paris for an undisclosed amount, French magazine BusinessImmo has reported. The property was acquired from a client of French fund manager Axa REIM, the paper said.
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PropertyEU Archive
Degi Europa extends suspension of redemptions
Degi, part of Aberdeen Property Investors, has announced the extension of the suspension of share redemptions from its open-ended Degi Europa fund. The Frankfurt-based property investment company sadi the measure was intended to protect the interests of current investors so as to safeguard the fund's ongoing business operations.
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PropertyEU Archive
Argan buys 36,000 m[sup]2[/sup] of logistics space from Gecina
French logistics investor and developer Argan has bought a class-A logistics platform in Roissy en Brie, in the Ile-de-France region, from Gecina for an undisclosed amount.
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PropertyEU Archive
PointPark leases 2,000 m[sup]2[/sup] in Prague to Marimex
CEE logistics property developer and operator PointPark Properties (P3) has leased 2,000 m[sup]2[/sup] of storage space in its PointPark Prague D1 distribution park in Prague to the Czech swimming pool and sauna manufacturer Marimex.
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PropertyEU Archive
Milan municipality launches EUR 100m real estate fund
The municipality of Milan is moving forward with its strategy to extract value from its real estate assets with the launch of a second property fund. The creation of the fund, with a target size of EUR 100 mln, comes two years after the launch of a first property vehicle, ...
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PropertyEU Archive
Citycon posts EUR 13m loss so far this year
Finnish retail property investor Citycon has posted a pre-tax loss of EUR 13 mln in the first three quarters of 2009, up from a loss of EUR 121 mln reported in the same period a year before. The figure includes devaluations of EUR 59 mln in its investment properties.
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PropertyEU Archive
Freeport on acquisition trail after sealing EUR 172m facility
Freeport has announced it is returning to the acquisition trail after signing a five-year, EUR 172.5 mln bank facility with Bank of America Merrill Lynch.
