All Real Assets articles in Web Issue – Page 472
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PropertyEU Archive
MRM delivers Carre Velizy complex near Paris
Paris-listed commercial property company MRM has announced the opening of the new Habitat store in Vélizy-Villacoublay, near Paris. The store is part of the Carré Vélizy development owned and developed by MRM. The opening of the store by home furnishing retailer Habitat marks the final phase of the redevelopment of ...
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PropertyEU Archive
Metrovacesa puts its residential portfolio on the market
Madrid-based property company Metrovacesa said that it is launching the largest campaign of home sales in Spain with discounts of over 50% to the initial asking price.
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PropertyEU Archive
LaSalle predicts 2010 will be a better year for property investment
LaSalle Investment Management has said 2010 is likely to be reasonably promising for real estate investment across most of the world's markets. The prediction is contained in the 16th edition of LaSalle's Investment Strategy Annual, a survey of, and outlook for, the global real estate markets in 2010.
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PropertyEU Archive
Skandia fund acquires UK retail warehouse for EUR 24m
Skandia Property Fund, which is managed by ING REIM, has purchased a retail warehouse in the UK for £21.7 mln (almost EUR 24 mln). The 8,300-m[sup]2[/sup] modern retail unit in Halesowen, West Midlands is let to DIY and home improvement retailer B&Q.
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PropertyEU Archive
Goodman sells Panasonic buildings for EUR 31m
Global property group Goodman has completed the sale of two distribution warehouses at Brackmills Industrial Estate in Northampton, UK to clients of BNP Paribas REIM for £28 mln (EUR 31 mln).
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PropertyEU Archive
Affine acquires mall in Nimes for EUR 36m
Affine Group has acquired 'Les 7 Collines' shopping centre in the southern French city of Nîmes for EUR 36.3 mln. Affine, a French real estate investment trust or SIIC, said the transaction was carried out by a subsidiary, Capucine Investissements, and financed by Crédit Agricole.
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PropertyEU Archive
Asian fund body endorses the Inrev guidelines
The Asian Association for Investors in Non-listed Real Estate Vehicles (Anrev) and its European counterpart, Inrev, have announced Anrev is endorsing the Inrev Guidelines in Asia. The two bodies have also agreed on the sharing of expertise on research projects and data systems.
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PropertyEU Archive
LFPI buys Le Wilson office scheme from CNP Assurances
French property company Fonciere LFPI has acquired Le Wilson office building in Levallois Perret, in the Ile-de-France region from insurance group CNP Assurances. The complex provides some 12,500 m[sup]2[/sup] of office space entirely let to several tenants. The transaction price amounts to around EUR 50 mln, according to French magazine ...
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PropertyEU Archive
CBRE completes mall jv beside Juventus FC project
CB Richard Ellis Italy's Capital Markets team has successfully formed a joint venture partnership between Italian food retailer Nordiconad and construction firm CMB for the development of a shopping centre adjacent to the new Juventus stadium project in Turin.
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PropertyEU Archive
Eurostate and SWF-backed fund to target luxury boutique hotels
Barcelona-based real estate manager Eurostate has signed a collaboration agreement with a private hotel investment fund to purchase boutique hotels in the principal cities of Spain and the main European capitals. One of the largest sovereign wealth funds (SWFs) is an investor in the fund, Eurostate said.
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PropertyEU Archive
King Sturge calls for retro-fitting to save energy
Retro-fitting buildings and places, as part of an overall sustainable strategy, is the main challenge for the European property market over the next two to five years, according to a new report published by King Surge.
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PropertyEU Archive
VastNed Retail expands holdings in Istanbul
Pan-European property investment fund VastNed Retail has acquired two high street shops in Bahariye Street in Istanbul for EUR 4 mln. The shops are located on Bahariye Street 58 and 66B in Kadikoy, on the Asian side of Istanbul. It is one of the very best and busiest streets in ...
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PropertyEU Archive
Youniq sells second student living project in Leipzig
Frankfurt-based Youniq is developing its second student living project in Leipzig with a total of 90 studio apartments on a gross lettable area of 2,660 m[sup]2[/sup] are slated for completion by the summer of 2011. Construction will start in spring of 2010.
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PropertyEU Archive
Four Seasons loan refinanced after 15 months: Hatfield Philips
Hatfield Philips, Europe's largest independent primary and special servicer, announced on Wednesday that the £1.2 bn (EUR 1.3 bn) Four Seasons Healthcare care homes (Four Seasons Loan) had been successfully restructured. In total, over 30 parties had to agree to the restructuring which took 15 months of hard negotiation and ...
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PropertyEU Archive
Direct investment in UK property to reach EUR 25b in 2009: JLL
Jones Lang LaSalle has said it expects total direct investment in commercial real estate in the UK to total around £22 - £23 bn (EUR 24-25 bn) by the end of 2009. This is comparable with turnover in 2001 and would represent a 10% increase on last year's total of ...
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PropertyEU Archive
Cushman & Wakefield predicts retail rental growth in 2011
Cushman & Wakefield is predicting that retail rental falls in most European markets should bottom out by mid-2010 although sustained rental growth is unlikely to be achieved until 2011.
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PropertyEU Archive
Consortium provides EUR 210m refinancing to Bicester outlet village
A consortium of banks has advanced a £190 mln (EUR 210 mln) loan to Bicester Village in Oxfordshire. Bicester Village is managed by Value Retail under the Chic Outlet Shopping Villages in Europe brand. The centre features over 130 luxury designer brands. WestImmo Bank said that after 14 years the ...
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PropertyEU Archive
Private investor acquires Canary Wharf office property for EUR 230m
A private investor based in Bermuda has contracted to acquire the long leasehold interests in 5 Churchill Place on the Canary Wharf Estate in London for £208 mln (about EUR 230 mln).
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PropertyEU Archive
PEPR gets EUR 93m financing from two banks
Euronext-listed Prologis European Properties said it has closed on about EUR 92.8 mln of secured financing with two European banks. The loan will be used to refinance outstanding debt.
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PropertyEU Archive
Vivacon sells residential portfolio and ceases PM activities
German listed real estate group Vivacon has announced the sale of a residential portfolio and the firm's 80% stake in property manager Curanis Holding to German firm Consus Property Group. The financial details were not disclosed.
