All Real Assets articles in Web Issue – Page 482
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PropertyEU Archive
EPL gets EUR 170m refinancing facility
Westdeutsche ImmobilienBank (WestImmo) acting as agent and Deutsche Pfandbriefbank acting as security agent have provided EPL with a EUR 170 mln refinancing facility for a six office building portfolio. The transaction was arranged, underwritten and completed in a 50/50 club deal on 15 December 2009. EPL was advised by ...
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PropertyEU Archive
Major deals in Q4 boost 2009 office take-up in Brussels
Massive last minute transactions in the final quarter of 2009 boosted office take-up in Brussels over the full year to a total of 400,000 m2, according to a report by Cushman & Wakefield. Major transactions involved GDF Suez taking 75,000 m[sup]2[/sup] in the North Pole and North Star towers developed ...
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PropertyEU Archive
European direct investment to reach EUR 85b in 2010: JLL
Jones Lang LaSalle expects 2010 to be a challenging year for investors to navigate, with recovery uneven across Europe, according to a new report released today, Capital Markets Outlook 2010 - Uneven Terrain. Investors will find it difficult to secure product, to identify value and to establish pricing levels. Many ...
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PropertyEU Archive
Invesco acquires City One in Lyon at 6.5% yield
Jones Lang LaSalle, acting on behalf of Invesco Real Estate (IREEF), has acquired the City One building in Lyon from German fund manager Kanam. The asset is situated in the 6th district of Lyon, in the Cité Internationale, with a lettable surface of approx 17,000 m[sup]2[/sup].
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PropertyEU Archive
Herald fund acquires Centre Sud in France for EUR 64m
Henderson Global Investors' EUR 850 mln pan-European retail property fund, Herald has acquired the Centre Sud shopping centre, Le Mans, France from ING Retail Property Fund France Belgium (RPFFB), a commercial investment fund managed by ING Reim, for EUR 64.4 mln.
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PropertyEU Archive
GOEFs see net inflows of EUR 65m in November
Germany's open-ended property funds recorded net capital inflows of EUR 65 mln in November 2009, a sharp turnaround from the EUR 660 mln in net outflows registered the previous month, new figures from German fund industry body BVI show.
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PropertyEU Archive
Knight Frank advises on Cofinimmo disposal
Knight Frank's Belgian unit acted as adviser on the sale of a prime office building in the central business district of Brussels last year by Belgian listed company Cofinimmo to Germany's APO Immobilien-Kapitalanlagegesellschaft (AIK). Clifford Chance acted as legal adviser.
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PropertyEU Archive
Roland Investments owner of Bonarka City Center
The investor in Bonarka City Center is Roland Investments, a dedicated project company jointly owned by Trigranit Holding (80%), and IPR (20%). The December issue of PropertyEU magazine incorrectly reported that TK Development was the investor.
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PropertyEU Archive
Catalyst & JER sell refurbished office property in Brussels
Catalyst Capital Partners and JER have sold an office property in Brussels to a private Belgian investor. No financial details were disclosed, but sources close to the deal said the sales price came to EUR 2.75 mln. Knight Frank's Belgian unit advised the vendor on the transaction.
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PropertyEU Archive
CBRE Investors sells complex in Brussels
CB Richard Ellis Investors, the global real estate investment management firm, has sold the 17,000m² office complex, ‘t Serclaes, to the Hogeschool-Universiteit Brussel (HUB). Financial details were not disclosed.
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PropertyEU Archive
London rallies at year-end: C&W
London has recorded its third consecutive quarter of rising investment in commercial property according to new statistics from property adviser Cushman & Wakefield. In Q4 investment volumes rose to just over £3bn (EUR 3.3 bn), up from £1.602 bn in Q3, for an annual total of £6.81 bn. Although ...
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PropertyEU Archive
Deutsche Euroshop invests EUR 265m in A10 mall revamp
German shopping center investor Deutsche Euroshop has acquired the A10 mall in Wildau near Berlin out of liquidation. The total investment for the project, including planned modernisation and new development to create A10 Triangle by 2011, will amount to EUR 265 mln. The A10 is the 17th shopping centre in ...
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PropertyEU Archive
Polnord to invest EUR 110m in Gdansk mixed-use project
Warsaw-listed property development company Polnord said it has signed a preliminary agreement to develop a 450 million zloty (EUR 110 mln) mixed-use complex in the Polish port city of Gdansk. Polnord reached the deal with the city of Gdansk to build a residential and commercial complex on a 2.6-hectare site ...
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PropertyEU Archive
Sponda signs EUR 150m loan agreement with Nordea
Finnish property company Sponda said it has reached an agreement with lender Nordea Bank Finland for a new EUR 150 mln unsecured five-year facility. The loan will be used to repay existing debts and will replace short-term credit limits for the same amount that mature in March 2010. The margin ...
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PropertyEU Archive
Swiss Prime Site launches EUR 200m convertible bond offer
Swiss Prime Site has announced it is launching a domestic convertible bond issue due 2015 of CHF 220 mln (EUR 135 mln). The total will rise to CHF 300 mln if both the increase and over-allotment options are exercised in full.
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PropertyEU Archive
PIK Group releases EUR 298m in loan restructuring
London-listed Russian residential developer PIK has announced that it has met all the conditions required by Sberbank RF for the restructuring of its loan portfolio and the release of new financing totalling RUB 12.75 bn (EUR 298 mln).
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PropertyEU Archive
Atenor unveils EUR 50m bond placement
Belgian real estate developer Atenor has announced the placement of a 5-year bond for a minimum amount of EUR 50 mln to diversify its sources of financing. The offering, with a 6% gross coupon, is aimed at retail and institutional investors in Belgium and the Grand Duchy of Luxembourg.
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PropertyEU Archive
RREEF acquires Hamburg's Unilever-Haus from Hochtief
Deutsche Bank's RREEF Investment has acquired the Unilever-Haus office building in Hamburg from Hochtief Projektentwicklung for an undisclosed amount.
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PropertyEU Archive
SEB acquires property on London's Threadneedle St
SEB Asset Management added a building located in London's financial district to its open-ended real estate fund: SEB ImmoPortfolio Target Return Fund shortly before Christmas. The property is rated Grade A and is fully let. The seller was Wellcome Trust, a British charity that finances biomedical research projects. The total ...
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PropertyEU Archive
State acquires Immobel's Forum in top Belgian deal
The House of Representatives of Belgium and listed developer Immobel signed a sales agreement for the sale of the Forum complex project in Brussels on 18 December. The value of the transaction will amount to EUR 139 mln, subject to the granting of the required planning permits, according to Brussels-based ...
