All Real Assets articles in Web Issue – Page 480
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PropertyEU Archive
Nico Veldhuis to leave Multi
Multi Corporation announced on Wednesday that Nico Veldhuis is stepping down as vice chairman of the pan-European retail developer's Turkish operations to become an independent project manager.
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PropertyEU Archive
Colonia demands wind-up of fund with HSH Nordbank
Germany's Colonia Real Estate has said it sees no basis for a continued working relationship with HSH Equity Partner due to the continuing negative news coverage of the HSH-Nordbank Group and the resulting severe impact on sales. This relates particularly to the closed-end real estate fund HGA/Colonia CareConcept I.
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PropertyEU Archive
Fortis RE acquires Spanish car park firm for EUR 100m
Interparking Group, a 90%-owned subsidiary of Fortis Real Estate, has acquired Spanish car park company Metropark from the Metrovacesa Group.
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PropertyEU Archive
CBRE sees investments hitting EUR 60b in 2009
CB Richard Ellis expects investment activity in the European commercial real estate market to total some EUR 60 bn in 2009, around half of 2008’s total. In the first three quarters of 2009, the adviser registered around EUR 41 bn of investment deals with a steady increase in activity each ...
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PropertyEU Archive
LB Immo acquires apartments and nursing homes for EUR 30m
LB Immo Invest, the special funds subsidiary of HSH Real Estate, invested just over EUR 30 mln in early December to acquire two nursing homes and three apartment buildings in Germany.
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PropertyEU Archive
Intershop sells Winterthur-Seen mall for EUR 37m
Swiss listed real estate group Intershop has transferred ownership of its Winterthur-Seen shopping centre to Swiss investment and pension group Swisscanto on 31 December. The sale of Intershop's last classic shopping centre for CHF 55.5 mln (EUR 37 mln) was announced in mid-December.
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PropertyEU Archive
Whitbread agrees EUR 40m sale-and-leaseback deal
Whitbread, the UK's largest hotel and restaurant group, has announced that it has exchanged agreements with M&G Investments for the sale-and-leaseback divestment of five properties operating as Premier Inn and adjacent restaurants.
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PropertyEU Archive
HSBC sells Paris HQ for EUR 400m
HSBC France has sold its head office buildings on the Champs-Elysées and Rue Vernet in Paris in a EUR 400 mln sale-and-leaseback transaction with private investors represented by French Properties Management.
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PropertyEU Archive
Intesa Sanpaolo buys 5% stake in Pirelli Real Estate
Pirelli Real Estate has sold a further 5% stake in its property fund management business Pirelli & C. Real Estate Società di Gestione del Risparmio (SGR) to Intesa Sao Paolo for EUR 10 mln. The move will boost the bank's stake in Pirelli RE SGR to 10%.
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PropertyEU Archive
British Land Acquires Segro's 50% interest in retail projects
British Land has acquired Segro's 50% interest in a joint venture with Tesco in the Surrey Quays Shopping Centre in Rotherhithe, South East London and the Clifton Moor Retail Park in York. This is the fifth joint venture British Land has with Tesco.
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PropertyEU Archive
Sofia sees deal boom ahead of new law
The Bulgarian capital of Sofia saw the number of real estate deals in Sofia double in the final weeks of the year ahead of the introduction of a new law which takes effect from January 1 2010 and which will ban all real estate payments made in cash, Bulgarian-language Trud ...
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PropertyEU Archive
Bouygues Immobilier sells Delta Project in Belgium
Bouygues Immobilier Belgium is selling the Delta Project property to a private Belgian investor. When completed the office building will comprise a total surface area of 5,200 m[sup]2[/sup] and 42 parking spaces on Avenue Jules Cockx in 1160 Brussels.
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PropertyEU Archive
IVG's Development boss steps down
Andreas Barth, head of the development division and a board member at IVG Immobilien, has stepped down from his position at the German company. He will remain available, however, in an advisory role until the end of 2010.
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PropertyEU Archive
Hansainvest buys office building in Paris
German fund manager Hansainvest announced shortly before Christmas that it has acquired an office building in Paris for EUR 106 mln from GE Capital Real Estate France. The 12,380-m[sup]2[/sup] property is located at Place des Vins de France in the Bercy district of the French capital.
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PropertyEU Archive
Union Investment buys Lisbon tower
Union Investment has acquired the Torre Oriente in Lisbon for approximately EUR 70 mln from the consortium owner of the Colombo Towers project. The consortium comprises Caixa Geral de Depósitos Group, Iberdrola Inmobiliária, ING Real Estate and Sonae Sierra.
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PropertyEU Archive
SEB buys retail centre in Munster
SEB Asset Management has acquired a newly-built retail centre with hotel in the centre of Münster from Dortmund-based developer Harpen Immobilien Gesellschaft. The overall investment costs amount to about EUR 68 mln.
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PropertyEU Archive
CEE investment continues slow increase: CBRE
Commercial property investment activity in Central and Eastern Europe (CEE) continued to increase slowly in October and November 2009, totalling a provisional EUR 432 million in 11 transactions, according to the December edition of CB Richard Ellis' CEE Property Investment MarketView. Year-to-date investment turnover for the region stands at just ...
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PropertyEU Archive
Hammerson sells Paris office property at 14% discount
Hammerson, the UK and French real estate investment trust, has announced the sale of the office building at 148, Rue de l'Université, Paris 7ème to a client of Invesco for EUR 84.5 mln. The price marks a 14% discount to the book value of EUR 97.8 mln at end-June 2009. ...
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PropertyEU Archive
GPR 250 Europe index gains 41.2% in 2009
The GPR 250 Europe Index rose 41.2% over 2009, led by Austria with an increase of 233.5%. The European index outperformed all the other regional indices, with Asia turning in the worst performance over the year with 23.9%.
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PropertyEU Archive
Reyal Urbis sells Ombu tower for EUR 45m
Troubled Spanish property company Reyal Urbis has agreed to sell the Ombu office tower in Madrid for around EUR 45 mln to an unnamed investor. The sale is part of the company's efforts to renegotiate the main terms of its EUR 5 bn debt load.
