All Real Assets articles in Web Issue – Page 465
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PropertyEU Archive
ING RED, Apsys to build 42,000 m[sup]2[/sup] retail centre in Metz
ING Real Estate Development and Apsys have reached agreement with Saremm, the Metz Metropolitan land management company, on the development of a 42,500 m[sup]2[/sup] retail and leisure scheme in Metz, Northeastern France. The complex is part of the Quartier de l'Amphitheatre project, an inner-city regeneration covering an area of 38 ...
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PropertyEU Archive
Ciloger finalises retail deal for EUR 115m
French fund manager Ciloger said it has completed the acquisition of 16 commercial assets located across France from an undisclosed seller. The transaction price amounts to EUR 115 mln. The properties, which are leased to Decathlon with nine-year rental agreements, were acquired by Ciloger for its Opportunite Placement Ciloger II ...
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PropertyEU Archive
AFI receives new $150m loan for Moscow complex
Russian property builder AFI Development said it has received a refinancing loan for its Four Winds mixed-use building in Moscow from the Russian MDM Bank. The new loan, totaling $150 mln (EUR 101 mln), is to be repaid in the next eight years. AFI Development owns a 50% stake in ...
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PropertyEU Archive
Rockspring raises EUR 169m in first close of UK Value Fund
Rockspring Property Investment Managers has announced it raised £152 mln (EUR 169 mln) in the first close of Rockspring UK Value Fund, a closed-ended fund focused on opportunities arising from re-pricing across the UK commercial property sector.
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PropertyEU Archive
Mirland posts pre-tax loss of $17m in Q3
Russian property developer Mirland Development Corporation saw pre-tax losses narrow to $16.4 mln (EUR 11 mln) for the first nine months of 2009, compared to a loss of $37.1 mln in the same period a year before. Rental income dropped by 18% year-on-year to $11.1 mln in the first nine ...
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PropertyEU Archive
CBRE's sale-and-leaseback pipeline doubles in 2009
Corporate sale-and-leaseback transactions have maintained a prominent role in the European property investment market despite the downturn, according to a new report by CB Richard Ellis.
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PropertyEU Archive
Metrovacesa posts a loss of EUR 788m so far in 2009
Metrovacesa, Spain's largest property company by market value, saw its net loss widen to EUR 788 mln in the first nine months of the year, mostly as a result of heavy devaluations of its property portfolio. The figure compares to a loss of EUR 41.5 mln in the same period ...
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PropertyEU Archive
Multi wins Best Developer Mapic 2009 Award
Multi Corporation has won the 'Mapic Best Developer Award 2009. Heino Vink, Managing Director of Multi Vastgoed accepted the award on behalf of Multi Corporation, saying: 'It is an honour to accept this, most prestigious award on behalf of all Multi people across Europe.'
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PropertyEU Archive
ICSC announces finalists for 2010 European Awards
The International Council of Shopping Centers (ICSC) has named the 2010 European Shopping Centre Awards finalists. Some 19 centres have made it onto the short list of finalists which represent eight countries across Europe.
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PropertyEU Archive
RICS draws up 21st century governance model
The Royal Institute of Chartered Surveyors (RICS) has announced it is modernising its governance model to become a more effective and business-like professional body. In Europe the implementation of this new structure is well on track ensuring consistency across all countries as well as a better quality of services to ...
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PropertyEU Archive
Beni Stabili buys Milan tower for EUR 23m
Italian property company Beni Stabili said it has signed an agreement to acquire the D tower of the Procaccini business park located in Via Messina, Milan, for a total of nearly EUR 23 mln, including transaction costs of EUR 3 mln. The transaction reflects a gross yield of around 7%.
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PropertyEU Archive
LaSalle completes 4th deal for pan-European mandate
LaSalle Investment Management has announced the purchase of Bexleyheath shopping centre in London. The acquisition is the latest on behalf of a pension fund client for whom LaSalle manages a pan-European mandate and takes total spending to nearly £400 mln (EUR 443 mln) in just 10 months.
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PropertyEU Archive
Europ Invest to plough EUR 400m in new outlet projects
Belgian retail property company Europ Invest has unveiled plans to develop eight new retail outlet centres in Italy, Croatia, Greece and Morocco covering a total retail area of over 150,000 m[sup]2[/sup]. The company, headquartered in Maasmechelen, Belgium and with offices in Italy, expects total investment for the centres to amount ...
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PropertyEU Archive
BIG CEE starts construction of EUR 60m Serbian mall
Israeli group BIG Central European Estates is bringing the retail park concept to Serbia with the first of 10 new schemes now on site at Novi Sad, the country's second-largest city.
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PropertyEU Archive
KPP Retail's Galeria Victoria 75% leased
Developer Keen Property Partners Retail (KPP Retail) said its Galeria Victoria entertainment and retail centre in the Polish city of Walbrzych is almost 75% leased. The announcement was made during the 15th edition of the Mapic international retail real estate fair in Cannes, France.
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PropertyEU Archive
Hines closes EUR 900m Italian fund
The Italian fund management arm of US property company Hines has announced the first closing of its Italian Porta Nuova Varesine property fund, which will take control of EUR 900 mln worth of assets in the Italian city of Milan.
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PropertyEU Archive
US company Cornerstone acquires Protego
Protego, the UK and continental European real estate investment management company, is being acquired by Cornerstone Real Estate Advisers, a wholly owned subsidiary of the Massachusetts Mutual Life Insurance Company (MassMutual).
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PropertyEU Archive
Banimmo poised to close 'significant' acquisition in Paris
Belgian listed property company Banimmo said it 'expects to finalise a significant acquisition in the retail segment in Paris', after raising over EUR 110 mln of fresh equity through real estate sales in the third quarter of 2009. The company, which in October sold the Mobistar headquarters in Brussels for ...
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PropertyEU Archive
French hypermarket anchors singled out as 'losers'
Hypermarket anchors in France are poised to become one of the losers of the current crisis in the retail sector, according to Henrike Waldburg, head of acquisitions and sales at German open-ended fund Union Investment. 'In the coming years, we will see a distinction between two types of retail concepts: ...
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PropertyEU Archive
Deadline looms for Mipim architectural awards
The organisers of the Mipim Architectural Review Future Project Awards 2010 have announced a final call for entries to the designers of tomorrow's iconic architecture to submit their projects for the 2010 competition.
