All Real Assets articles in Web Issue – Page 483
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PropertyEU Archive
Dublin Airport Authority lands major Irish lease
Dublin Airport Authority (DAA) has announced the leasing of Hangar 6 at Dublin Airport to Aer Lingus in December for a term of 20 years. The former SRT Technics facility which comprises 23,000 m[sup]2[/sup] is one of the largest commercial buildings in the country.
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PropertyEU Archive
Albania's largest mall opens in Tirana
The largest shopping centre in Albania has opened its doors in the vicinity of the capital Tirana. Developed by AM Group, City Park shopping mall houses 180 stores on a site located 12 km from Tirana and 5 km from Tirana International Airport.
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PropertyEU Archive
Savills appoints letting consultant in Dusseldorf
International real estate advisor Savills has recruited Stefan Mellies to join its office agency team in Dusseldorf with immediate effect.
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PropertyEU Archive
Ecorys to hold masterclass on attracting urban investment
European research and consultancy firm Ecorys, supported by the Urban Land Institute, is holding a 2-day masterclass on attracting urban investment in today's investment climate.
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PropertyEU Archive
Spanish bank buys half-built Strand hotel in London
A subsidiary of Spanish bank BBVA has acquired the Strand hotel in London for significantly more than the minimum sales price of £110 mln (EUR 122 mln). Property adviser Cushman & Wakefield (C&W), which in October was instructed by receivers at PricewaterhouseCoopers to market the luxury hotel and residential development, ...
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PropertyEU Archive
Nordea Poland enters pre-lease deal with Landprop
Nordea Bank Polska has entered into a pre-lease agreement with Landprop Services for 11,600 m[sup]2[/sup] at a built-to-suit office building in Gdynia, Poland. The agreements signed are the culmination of a thorough search of all Nordea's alternatives in conjunction with Nordea's consultant Catella Property Group.
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PropertyEU Archive
Predica, SFL in joint deal in Paris
Predica, a Crédit Agricole Assurances subsidiary, and Société Foncière Lyonnaise (SFL) have become joint owners of a building in Paris for EUR 16.6 mln excluding transfer costs. The acquisition was carried out through their joint subsidiary, Parholding. The vendor, Rivoli Avenir Patrimoine, is an SCPI real estate investment fund represented ...
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PropertyEU Archive
Deal in depth: Generali buys in Milan after EUR 1b fund launch
The property arm of Italian insurance giant Generali is on the prowl for acquisitions after closing a capital-raising last summer for a new EUR 1 bn real estate investment fund called Mascagni.
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PropertyEU Archive
ING REIM fund sells portfolio in biggest Dutch deal of 2009
ING Real Estate Investment Management (ING REIM) has sold a portfolio of 39 office properties to a consortium of private investors. The investment volume is estimated to be about EUR 376 mln.
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PropertyEU Archive
Union Investment ranks among top 3 buyers in 2009
Union Investment has emerged as one of the most active buyers of European commercial property in 2009, according to the latest PropertyEU ranking of top investment deals. The Hamburg-based open-ended fund manager accounted for a transaction volume of EUR 1.2 bn over the year, ahead of Deka Immobilien with EUR ...
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PropertyEU Archive
Germany starts 2010 on optimistic note: King Sturge
The December survey of the monthly King Sturge Real Estate Economy Index shows a considerable, across-the-board upturn of indicators - including the subjective sentiment barometers along with the macro-economically driven Real Estate Economic Situation. The poll-based Real Estate Climate gained by 6.6% in December, climbing from 79.8 to 85.1 index ...
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PropertyEU Archive
C&W appointed letting agent for K3 in Hungary
Cushman & Wakefield (C&W) have been appointed as the co-exclusive letting agents for the K3 office building on behalf of the owner, Hungarian real estate Wing.
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PropertyEU Archive
Fabege sells historic property in Gamla Stan for EUR 35m
Listed Swedish real estate firm Fabege has announced the sale of the Aeolus 1 building in Gamla Stan, the old town of Stockholm, with an underlying property value of SEK 360 mln (about EUR 35 mln). The buyer is Swedish firm Dina Försäkring and the transfer date is 1 March ...
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PropertyEU Archive
Patrizia completes EUR 39m in sales
German real estate group Patrizia Immobilien has finalised the sale of 215 residential and five commercial units as two block sales. The sales volume of both block sales comes to a total of EUR 39.1 mln.
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PropertyEU Archive
NCC sells land with residential contract for EUR 39m
NCC Housing has closed an agreement with Fastighets Förvaltaren regarding the transfer of land that is prepared for construction and includes a residential construction contract in the area of Ursvik, in Sundbyberg, outside Stockholm.
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PropertyEU Archive
Carlyle sells Lyon office complex for EUR 71m
Global private equity firm The Carlyle Group has announced the sale of its Anthemis building complex in Lyon to RREEF Spezial Invest, a subsidiary of the RREEF fund managed by Deutsche Bank. The sale was carried out at a net price of EUR 70.7 mln and included guarantees on the ...
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PropertyEU Archive
Signa Holding buys Hyperion from Bank Austria
Austrian investor Signa Holding has emerged as the preferred bidder for a portfolio of 12 assets sold by Bank Austria through a single-stage bidding process. Although the companies agreed not to disclose the financial details, the purchase price was said to be over EUR 100 mln, Austrian daily Die Presse ...
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PropertyEU Archive
Profile: Gerhard Niesslein, the network builder
In these times of tight credit and market caution, trust is a valued asset - something no one knows better than Gerhard Niesslein, CEO of Germany's largest listed property group IVG.
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PropertyEU Archive
Warburg-Henderson sells Dusseldorf office building
Warburg-Henderson KAG, a joint venture of German private bank M.M.Warburg & CO and British asset manager Henderson Global Investors, has sold an office building in Dusseldorf to Real IS for an undisclosed amount.
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PropertyEU Archive
UK capital values to stabilise: Invista
Capital values in the UK are likely to stabilise over the next six months and then remain broadly steady, according to the latest research report produced by Invista Real Estate Investment Management.
