All Real Assets articles in Web Issue – Page 458
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PropertyEU Archive
AFI may transfer 20% of Russian unit to bondholders
Real estate developer Africa Israel Investments (AFI) could transfer up to 20% of its 71%-owned Russian property development unit, AFI Development, to its bondholders as part of a plan to restructure its debt.
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PropertyEU Archive
Quintain unveils EUR 204m rights issue
UK real estate group Quintain Estates and Development said on Thursday that it proposes to raise approximately £183 mln (EUR 204 mln) in a deeply discounted rights issue. The operation will involve the issue of 390 million shares at 49 pence per share. The price irepresents more than a 70% ...
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PropertyEU Archive
Grainger plans to raise EUR 265m
UK residential property group Grainger announced on Thursday that it is seeking to raise about £238 mln (EUR 265 mln) in a 2-for-1 rights issue. The issue price of 90 pence per share is a 67% discount on Wenesday's closing price.
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PropertyEU Archive
Mercator purchases Serbian mall for EUR 32m
Mercator-S, the Serbian arm of Slovenia's Mercator retail chain, has acquired a retail scheme with 30 shops in Belgrade, Serbia for around EUR 32 mln.
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PropertyEU Archive
Nexity's revenues from commercial division up by 61%
French construction and property group Nexity posted stable revenues of EUR 1.96 bn in the first nine months of the year, mostly driven by a 61% growth in its commercial property division, which reached EUR 370 mln so far this year. The increase in its commercial property activities compensated for ...
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PropertyEU Archive
EBRD mulls EUR 68m lending for development of Croatian mall
The European Bank for Reconstruction and Development (EBRD) is considering providing a EUR 68 mln long-term debt facility for the construction of a shopping mall in Split, Croatia.
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PropertyEU Archive
Future Capital raises EUR 72m for project in Montenegro
UK private equity group Future Capital Partners has raised a total of £65 mln (EUR 72 mln) from 38 clients for a new luxury real estate project in Montenegro. According to news website Portfolio Adviser, the £6 bn alternative investment boutique has temporarily closed its fundraising for the £150 mln ...
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PropertyEU Archive
C&W appointed to manage River Loft in Budapest
Cushman & Wakefield has been appointed to manage the 5,700-m[sup]2[/sup] River Loft office building in Budapest's 13th district. River Loft is owned by the Investec GLL Global Special Opportunities Real Estate Fund, an investment company formed by Investec Bank and GLL Real Estate Partners.
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PropertyEU Archive
Warimpex prepares expansion drive - do not use yet
CEE hotel developer- investor Warimpex has positioned itself to acquire land plots and properties at bargain prices in the current downturn for future expansion.
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PropertyEU Archive
PointPark Properties to open UK office
Bahrain-based Arcapita Bank's property arm PointPark Properties (P3) is opening an office in London. The move is in line with P3's international expansion plan. The logistics property developer and operator opened a branch in Frankfurt earlier this year.
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PropertyEU Archive
Valuations show 10% margin of error: RICS
The majority of valuations in the largest commercial property markets in Europe fell within 10% of sale prices in 2008 despite a year of growing market uncertainty, according to the RICS Valuation and Sale Price Report published in November.
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PropertyEU Archive
USS acquires Segro's Great Western park for EUR 123m
Segro announced on Friday that it has sold the Great Western Industrial Park in Southall, West London to the Universities Superannuation Scheme (USS) for £110.4 mln (EUR 123 mln). The investment volume reflects a net initial yield of 6.9%, which rises to over 7% once outstanding reviews are settled.
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PropertyEU Archive
Meag leases out 6,200 m[sup]2[/sup] in Paris
Meag, the global asset manager of Munich Re and Ergo, is leasing 6,200 m[sup]2[/sup] in its Paris Eight property to the international legal firm Norton Rose. The office building Paris Eight is situated at 40 Rue de Courcelles in Paris's 8th arrondissement (CBD). The lease agreement with Norton Rose is ...
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PropertyEU Archive
Profile: Christian Delaire of AEW Europe
AEW CEO Christian Delaire has over EUR 2 bn burning in his pocket for investments in real estate. AEW Europe is one of the key equity players who are revving up their engines as they step up their search for affordable assets around Europe.
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PropertyEU Archive
John Cartwright appointed CEO of Aref
The Association of Real Estate Funds (Aref) has announced the appointment of John Cartwright as its new CEO. Cartwright was previously head of Retail and Institutional Funds at real estate investment managers PRUPIM. He has a total of 35 years experience in property investment, including 20 years as a fund ...
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PropertyEU Archive
Prologis refinances Polish assets with Austrian bank
Denver-based distribution facilities operator Prologis announced last week that it has reached an agreement with an unnamed bank based in Austria to provide a new EUR 41.4 mln financing to the Prologis European Properties Fund II (PEPF II).
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PropertyEU Archive
London market gets welcome year-end boost
New requirements for London office space totalling almost 1 million sq ft (92,000 m2) have been launched in the last month by major corporates, according to a new report from Cushman & Wakefield. The new requests provide a further boost to the market which has just enjoyed its best quarter ...
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PropertyEU Archive
Swedish hotel group buys hotel in Gothenburg
Swedish hotel group Rasta has acquired a 9,000-m[sup]2[/sup] hotel with 200 rooms in Gothenburg from the Brandel family. The sales price came to SEK 240 mln (EUR 23 mln). The hotel is located in the centre of the city.
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PropertyEU Archive
Green shoots of recovery emerge in CEE: JLL
Rental levels are beginning to bottom out in most of the core Central and Eastern European markets and stability should return during 2010 once the supply and demand levels rebalance, according to Jones Lang LaSalle.
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PropertyEU Archive
Prime real estate yields take a tumble in UK
Competition among investors for a limited supply of prime UK commercial real estate assets is leading to increasingly aggressive bidding. Prime yields fell 35 basis points in October to 6.58%, the largest monthly fall since at least 1993, Cushman & Wakefield said in its November Business Briefing on the UK ...
