All Real Assets articles in Web Issue – Page 468
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PropertyEU Archive
Nai Apollo helps archivist expand in Frankfurt
German archivist firm GAA has signed a lease for 1,400 m[sup]2[/sup] of storage space in the commercial area 'Am Martinszehnten' at Xaver-Fendt-Straße 2-8 in Frankfurt. Nai Apollo acted in the exclusive brokerage assignment. The landlord is an institutional investor.
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PropertyEU Archive
European recovery will lag emerging markets: CBRE
Recovery in Europe and North America will lag the emerging markets and temper the pace of recovery, according to the 3Q 2009 CBRE Global MarketView. The recovery is being led by Asia, with Latin America in second place, the report said.
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PropertyEU Archive
Franchisees set to increase presence in Czech malls: DTZ
Franchisees could occupy up to 20% of lettable area in local shopping centres in the Czech Republic in two to three years, according to Martin Kubik, head of Asset & Property Management at DTZ. 'Thanks to the franchise system, new retail chains which are considering entering the local market can ...
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PropertyEU Archive
Savills expands property management in France
International property consultant Savills has appointed Sabina Garevski to its French property management team.
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PropertyEU Archive
Mediaservis sells its Prague warehouse to TTC
Czech postal services provider Mediaservis has sold its warehouse in Prague's Malesice district to telecommunication holding TTC.
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PropertyEU Archive
IVG reports successful leasing performance
IVG has recently concluded a number of major leasing agreements in Germany, Poland and France despite the difficult situation prevailing in the real estate markets. In total, IVG has concluded agreements for approximately 480,000 m[sup]2[/sup] this year for its entire portfolio of own properties and funds,
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PropertyEU Archive
Terrace Hill sells Covent Garden project for EUR 18m
UK property developer and investor Terrace Hill said on Friday that it has sold the freehold interest in its Kean House development in Covent Garden, London to a major UK institution for a total of £16 mln (EUR 18 mln). The investment volume reflects a net initial yield of 6.4%.
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PropertyEU Archive
SLI unveils EUR 198m pan-European recovery fund
Standard Life Investments (SLI) has unveiled plans for a new closed-ended pan-European real estate recovery vehicle for the advisory market. The UK property fund manager aims to raise up to £75 mln in equity for the fund and through borrowings will seek to leverage the property portfolio by 60% to ...
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PropertyEU Archive
Banimmo makes EUR 30m retail acquisition in Paris
Belgian listed property company Banimmo has acquired the Marché Saint-Germain retail outlet in the 6th district of Paris, for almost EUR 30 mln. The property generates an annual gross rental income of EUR 2.1 mln, reflecting a yield of 7%.
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PropertyEU Archive
Immofinanz reaches EUR 415m refinancing agreement with banks
Troubled Austrian property company Immofinanz and its CEE development arm Immoeast announced on Friday that they have reached an agreement with a consortium of European banks on the restructuring of a EUR 415 mln syndicated loan.
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PropertyEU Archive
German banks provide EUR 48m financing for Polish mall
Deutsche Pfandbriefbank and Westdeutsche ImmobilienBank (Westimmo) have provided Arka Property Funds with a EUR 48.5 mln investment financing for Alfa Shopping Centre in Olsztyn, Poland.
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PropertyEU Archive
Overseas buyers most active in Central London: CBRE
The recent announcement of the sale of HSBC's Headquarters at Canary Wharf to the National Pension Service of Korea is in line with the key trend of 2009 which has seen overseas buyers dominate the Central London investment market - accounting for 80% of turnover, according to CB Richard Ellis.
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PropertyEU Archive
Affine, Morgan Stanley sell off stake in Altarea
Paris-listed Affine and US banking group Morgan Stanley said they have raised a total of EUR 93 mln from the sale of their interest in French listed property development company Altarea.
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PropertyEU Archive
C&W poaches JLL's head of West End office agency
Cushman & Wakefield (C&W) has appointed George Roberts, JLL's former head of West End office agency, as head of its London occupier team. Roberts will be responsible for overseeing C&W's delivery of a full range of services for occupiers across all London office markets.
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PropertyEU Archive
Royalton buys Poland's largest car park operator
Royalton Partners, a CEE-focused private equity company, has boosted its car park portfolio with the acquisition of a 93% stake in Poland's largest car park operator, Cool Ar.
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PropertyEU Archive
Equity One makes offer for DIM Vastgoed
Amsterdam-listed real estate investment firm DIM Vastgoed announced on Friday that it has cancelled a rights issue after a subsidiary of Equity One, its largest shareholder, tabled a takeover offer.
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PropertyEU Archive
Insurance company acquires Finnish mall for EUR 25m
Fennia Mutual Insurance Company has acquired Joensuu Shopping Centre in Finland from YIT Construction. The total value of the agreement is EUR 25.5 mln.
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PropertyEU Archive
Nomos-Bank buys PIK's $262m loan
London-listed Russian residential developer PIK has announced that Russian bank Nomos-Bank has bought its $262 mln (EUR 174 mln) loan from Vneshekonombank (VEB). PIK and Nomos-Bank said they plan to finalise restructuring terms by 15 January.
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PropertyEU Archive
Istil RE buys Kiev's Leipzig hotel for $35m
Istil Real Estate, the property development arm of Kiev-based Istil Group, has finalised the acquisition of Grand Plaza, the owner of the Leipzig historical building in central Kiev from Ukrainian company Gelegen. The acquisition price amounts to around $35 mln (EUR 23.5 mln), newspaper Kyiv Post has reported.
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PropertyEU Archive
Banco Sabadell buys private clinic for EUR 55m
Spanish lender Banco Sabadell has acquired the new Quiron Vizcaya private clinic in Bilbao, Northern Spain in a EUR 55 mln sale-and-leaseback agreement with Spanish healthcare operator Quiron Group. The financial institution said the property is earmarked for its Sabadell BS Inmobiliario FII real estate fund.
