All Real Assets articles in Web Issue – Page 495
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PropertyEU Archive
TMW Pramerica sells Zurich asset for EUR 40m
Prudential Financial's property investment arm, TMW Pramerica, has sold an office building located in Pfäffikon near Zurich for around CHF 59 mln (EUR 40 mln). The buyer is the French investor Axa Investment Management. The property was held by TMW Immobilien Weltfonds vehicle.
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PropertyEU Archive
SibStroyInvest gets EUR 60m financing for Aura mall
SibStroyInvest, a joint venture between Turkish shopping mall developer Renaissance and private equity group Amstar Global Partners, has received a EUR 60 mln debt financing from the European Bank for Reconstruction and Development (EBRD) and UniCredit Bank Austria to fund the development, construction and operation of a Class-A retail and ...
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PropertyEU Archive
AEW Europe sells Benediktinnerring mall
AEW Europe's EPI Oakwood subsidiary has sold the Benediktinnerring shopping centre in Villingen-Schwenningen, in Germany's Black Forest to the German clothing retailer Modepark Röther. The companies agreed not to disclose the purchase price. Kemper's Jones Lang LaSalle advised on the transaction.
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PropertyEU Archive
Green buildings set to become separate asset class: Union Investment
Union Investment has said that a survey it has carried out confirms the growing interest in sustainable real estate investment in Europe.
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PropertyEU Archive
Copenhagen's impact on property
Now that the flurry of media coverage around the climate change talks held in Copenhagen in December 2009 has died down, it is time to reflect on the outcomes and consider what they mean for European property investors, says Julie Hirigoyen, director and head of Upstream Sustainability Services at Jones ...
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PropertyEU Archive
Unibail-Rodamco to acquire Simon Ivanhoe's European portfolio
Unibail-Rodamco has entered into an agreement to acquire Simon Ivanhoe for EUR 715 mln. Under the deal, Europe's largest listed real estate company will gain control of a portfolio of shares in seven shopping centres in France and Poland. Simon Ivanhoe is the jointly held European subsidiary of the Simon ...
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PropertyEU Archive
Sunny Day Capital launched for UK market
Didier Tandy and Stephen McBride, former Valad/Scarborough/Teesland colleagues, have launched a new property investment and development company - Sunny Day Capital - with plans to take advantage of opportunities currently in the UK property market.
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PropertyEU Archive
LaSalle secures 12-year lease for Le Viala property in Paris
LaSalle Investment Management has signed a 12-year firm lease with DCNS, a European provider of naval defence systems, for the 12,349-m[sup]2[/sup] Le Viala property located in Paris’ 15th arrondissement, 42 rue du Docteur Finlay. LaSalle was acting on behalf of LaSalle French Fund II.
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PropertyEU Archive
Logiffine secures 17,700-m[sup]2[/sup] lease with Geodis
Logiffine has announced the leasing 17,700 m[sup]2[/sup] of a Logiffine logistics park development in Hem (Nord Pas de Calais), to Geodis Logistics. The lease covers a nine-year period. This transaction completes the leasing program of the Logiffine site in Hem.
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PropertyEU Archive
Unibail-Rodamco sees 2010 as 'transition year' to renewed growth
Unibail-Rodamco reported on Monday that hefty declines in asset values pushed its losses for 2009 to EUR 1.46 bn from EUR 1.1 bn the year before. But the largest listed real estate group in Europe said 2010 would be a 'transition year' on the way to renewed growth.
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PropertyEU Archive
AEW to invest EUR 3.5 bn in 2010
AEW Europe plans to broker up to EUR 3.5 bn worth of transactions this year in a further sign of recovery for the European property market. The figure compares to around EUR 2 bn worth of deals completed in the course of 2009. In a statement last week, the French ...
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PropertyEU Archive
Prologis European Properties completes EUR 300m financing deal
Goldman Sachs and Deutsche Pfandbriefbank have announced the completion of a new EUR 300 mln financing facility with Prologis European Properties (PEPR). The transaction was arranged by Goldman Sachs as sole arranger, with Deutsche Pfandbriefbank acting as facility agent.
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PropertyEU Archive
City of Florence puts EUR 500m portfolio on the market
The Municipality of Florence is seeking to sell EUR 500 mln worth of real estate in an attempt to free funds for investment in infrastructure. The disposal has already been approved by the city council, and is awaiting the final go-ahead by a council of municipality advisors.
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PropertyEU Archive
AREA teams up with PMB to acquire Gartmore House in London
AREA Property Partners and Peter Beckwith's PMB Holdings have completed the acquisition of Gartmore House in the City of London from Hines European Value Added Fund (HEVAF). The financial details were not disclosed.
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PropertyEU Archive
JLL and Salans advise seller in major Russian hotel deal
Jones Lang LaSalle Hotels and International law firm Salans said they advised Nairay Holdings in the first Russian hotel transaction of the year in the sale of the Sheremetyevo-2 Hotel to Wenaas Hotel Russia, part of Wenaasgruppen, one of the largest hotel real estate companies in Scandinavia. The newly acquired ...
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PropertyEU Archive
Shell selects CBRE as European retail property advisor
CB Richard Ellis said it has been selected by Shell to provide transaction and portfolio management services across its European retail portfolio in one of the largest recent appointments in the European retail property sector.
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PropertyEU Archive
Daniel Labbad appointed chairman of UK Green Building Council
Daniel Labbad, CEO Europe at Lend Lease is succeeding Peter Rogers as chairman of the UK Green Building Council. He takes up the position at a crucial time for the UK-Green Building Council as all political parties look towards the construction and property sector to deliver on sustainability targets. The ...
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PropertyEU Archive
Schoutens named as chief development officer at Atrium
Atrium European Real Estate (Atrium) has announced the appointment of Thomas Schoutens as chief development officer. Schoutens comes to Atrium from Carrefour Group, the world’s second-largest retailer and the largest in Europe, which he joined in 2003.
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PropertyEU Archive
ING Real Estate buys Dutch properties from Goodman
ING Real Estate European Industrial Fund (ING REEIF), managed by ING Real Estate Investment Management (ING REIM), has acquired two 'Grade A' logistics platforms in Tilburg and Roosendaal, the Netherlands for approximately EUR 42 mln from Goodman Group, on behalf of Goodman European Logistics Fund (GELF).
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PropertyEU Archive
Redevco Switzerland sells C&A property in Chur
Redevco Switzerland has sold its C&A property in Chur to Anlagestiftung der UBS für Personalvorsorge (UBS Pension Fund). The property, with a GLA of 2,992 m2, is located in the centre of Chur, Switzerland’s oldest town and the capital of Graubünden (Grisons). The sale reflects its strategy of rebalancing the ...
