All Real Assets articles in Web Issue – Page 474
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PropertyEU Archive
Panattoni leases 7,200 m[sup]2[/sup] of space in Polish park
Industrial group Panattoni Europe said it has leased a further 7,200 m[sup]2[/sup] of space in Blonie park near Warsaw to pharmaceutical company Poltraf. Panattoni Park Blonie II provides over 24,000 m[sup]2[/sup] of space and is leased to a number of tenants including Logus, Indykpol, OSG and MPM Product.
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PropertyEU Archive
Sun Investments buys Russian mall for $30m
Sun Investments Partners has reportedly acquired a 20,000 m[sup]2[/sup] shopping centre project and the adjacent plot of land offering 12,000 m[sup]2[/sup] in central Novosibirsk, Russia from developer Rid Group. The transaction price amounts to some $30 mln (EUR 20 mln), Russian newspaper Kommersant has reported.
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PropertyEU Archive
The Crown Estate buys 50% of Land Sec's Princesshay mall
The Crown Estate has exchanged contracts to acquire a 50% stake in Princesshay Shopping Centre in Exeter, UK from Land Securities for close to £100 mln (EUR 111 mln).
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PropertyEU Archive
Credit Agricole acquires Carlyle's Evergreen complex in Paris
French banking group Credit Agricole has purchased the Evergreen office development in Montrouge (Hauts-de-Seine), Paris. The vendor was The Carlyle Group's first European real estate fund, Carlyle Real Estate Partners I (CEREP I). The financial details were not disclosed.
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PropertyEU Archive
Vastned Retail finalises acquisition of Lelystad scheme
Pan-European retail property firm Vastned Retail has finalised the acquisition of the city centre development 'De Promesse' in the Dutch city of Lelystad for EUR 20 mln.
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PropertyEU Archive
Luurt van der Ploeg appointed to Multi's executive board
Multi Corporation has appointed Luurt van der Ploeg to the executive board. He will be responsible for all areas of financial management, budgeting, treasury, tax, shareholder relations and corporate governance affairs.
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PropertyEU Archive
Horizon awarded asset management of Dutch assets
Real estate investment firms AEW and Akron Group have awarded the asset management of the Rembrandt portfolios in the Netherlands to Horizon Investment Management.
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PropertyEU Archive
CBRE Investors' Le Mermoz wins Simi award
CBRE Investors' Mermoz office building located in Bourget, France was named the best development of the year in the category of new office buildings at the Simi property fair in Paris. Designed by architects Joël Friant et Jacques & Eric Haour, Le Mermoz offers nearly 21,000 m[sup]2[/sup] of office space ...
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PropertyEU Archive
Delta RE begins construction of Serbian retail park
Belgrade-based property development company Delta Real Estate has started construction of Delta park, the first retail park in Serbia and the surrounding region. The company plans to invest a total of EUR 25 mln in the project, which will create up to 600 new jobs.
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PropertyEU Archive
Union Investment purchases shopping centre project in Belgium
Union Investment Real Estate has signed a purchase agreement for the shopping centre 'K' located in Kortrijk, Western Flanders, Belgium. Foruminvest, the vendor and developer of the centre, remains responsible for the scheme until the opening and will remain involved in the management of the centre afterwards.
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PropertyEU Archive
Colony invests in German NPL portfolio
Investment vehicles managed by private international investment firm Colony Capital have completed the acquisition of a portfolio of non-performing loans from BAG Bankaktiengesellschaft in Hamm, Germany.
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PropertyEU Archive
Unibail-Rodamco to leave Dutch REIT regime
Franco-Dutch real estate group Unibail-Rodamco is to leave the Dutch equivalent of the tax-efficient real estate investment trust (REIT) regime. The Dutch system is known as the Fiscale Beleggingsinstelling (FBI).
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PropertyEU Archive
John Deere takes 45,000m[sup]2[/sup] at Giffels industrial park in Russia
Giffels Management Russia has reached an anchor leasing agreement with Deere & Company for 45,000 m2, or over 60%, of the 75,000-m[sup]2[/sup] Phase 1 of Giffels South Gate Industrial Park. John Deere will manufacture a range of agricultural, construction and forestry equipment and locate its nationwide parts distribution centre ...
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PropertyEU Archive
Carlyle Group secures 7,000 m[sup]2[/sup] of lettings in Stockholm
Global private equity firm The Carlyle Group has announced the letting of around 7,000 m[sup]2[/sup] of space at its Globen City office and retail scheme close to Stockholm, Sweden. The lettings, which are to both new and existing tenants, follow Carlyle's recent announcement that it had leased 30,000 m[sup]2[/sup] of ...
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PropertyEU Archive
Minerva leases 13,500 m[sup]2[/sup] to law firm Clyde & Co
UK property company Minerva said it has reached agreement on a 20-year lease with international law firm Clyde & Co in a deal which will provide Clyde with its new headquarters. The agreement is subject to contract and final partner approval at Clyde & Co, which is expected to occur ...
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PropertyEU Archive
UK capital growth reaches 15-year high in November, says IPD
UK commercial property values rose by the largest monthly figure in 15 years, according to November's IPD UK Monthly Index. Capital growth was 2.4% last month, bringing the compounded growth since the market began ascending in August to 5.4%. Year-to-date capital growth is now -8.4%, while steady income returns leave ...
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PropertyEU Archive
Israeli insurers buy Norwich Union HQ for £150m
Two Israeli insurance groups have acquired Norwich Union's former headquarters in the UK city of Norwich from Telereal for about £134 mln (almost EUR 150 mln). Harel Insurance Investments & Financial Services and Menora Mivtachim Holdings said they are each paying £64.5 mln to take stakes of 48% each in ...
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PropertyEU Archive
Internos buys loss-making GPT Halverton for EUR2
Internos Real Investors said on Monday it has acquired GPT Halverton (GPTH), the European property fund management arm of Australian real estate investment trust The GPT Group, for the nominal sum of EUR 2. Internos said the price reflected GPTH's current loss-making position and the ongoing funding requirements of the ...
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PropertyEU Archive
Poland to take centre stage at MIPIM 2010
Poland, one of the few European countries that did not go into recession in 2009, will be the guest of honour at the 2010 edition of the MIPIM international real estate fair in Cannes, France next March. Rafal Biniak, vice-minister for Economy in Poland, will present the investment and real ...
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PropertyEU Archive
VIB Vermogen buys four assets for EUR 22.5m
German commercial property company VIB Vermögen said on Monday it has further expanded its real estate portfolio with the purchase of four newly built properties for a total investment volume of around EUR 22.5 mln. The transactions will generate additional annualised net rental income of EUR 1.6 mln.
