All Real Assets articles in Web Issue – Page 500
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PropertyEU Archive
Sjælsø sells three retail projects in Sweden for EUR 43 mln
Copenhagen-listed real estate development group Sjælsø has entered into an agreement with Alecta Pensionsförsäkring to sell three retail projects in Sweden for SEK 427 million (EUR 43 mln). Alecta is one of the largest pension funds in Sweden with more than 1.7 million customers.
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PropertyEU Archive
Deka Immobilien acquires office project in Stockholm from Skanska
Construction giant Skanska has sold its ongoing office project Bylingen in Stockholm to Deka Immobilien for SEK 576 mln (EUR 58 mln). Deka is contributing the property to its WestInvest ImmoValue property fund. The property is fully leased and comprises about 14,500 m[sup]2[/sup] of office space and studios for media ...
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PropertyEU Archive
La Lucette announces sale of La Colisee to Allianz
Morgan Stanley's French property investment vehicle La Lucette announced that it has signed a preliminary agreement with German insurance group Allianz to sell the Colisée office building in Courbevoie, north-west of Paris. Although the financial details were not disclosed, market experts indicate that the transaction amounts to around EUR 160 ...
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PropertyEU Archive
Alpstar Capital announces new head of real estate
Alpstar Capital, a European asset manager and investment advisor, has announced the appointment of Biren Amin as Head of Real Estate, a new position for the company.
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PropertyEU Archive
Cordea Savills boosts institutional business team
Cordea Savills, the international property fund manager, has announced the appointment of Charles Smith as Associate Director for its institutional business team.
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PropertyEU Archive
CBRE Investors reshuffles European top management
Global investment manager CB Richard Ellis Investors has announced the appointment of a new three-strong team to lead its Continental European operations. The move, with immediate effect, was sparked by the resignation of CBRE Investors' former president and CEO, Thibault de Valence and François Lex, which decided to pursue new ...
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PropertyEU Archive
CBRE strengthens Corporate Services team
CB Richard Ellis has strengthened its Global Corporate Services (GCS) team in the Europe, Middle East and Africa region with the appointment of Senior Directors Paul Copeland and Ralph Holland.
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PropertyEU Archive
Multi restarts construction of New Karolina
Multi Development Czech Republic has announced the restart of construction of its major inner-city development in Ostrava after a one-year break due to the financial crisis. This follows Multi’s recent announcement of closing the EUR 99 mln funding deal through a syndicated loan from four banks.
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PropertyEU Archive
ING RED puts Dolce Vita Tejo mall on the market
ING Real Estate Development is in talks with a number of investors to sell its EUR 300 mln Dolce Vita Tejo shopping centre in Lisbon, Portugal. An ING RED spokesperson confirmed to PropertyEU on Thursday that the shopping centre has been put up for sale, without adding details on the ...
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PropertyEU Archive
MPL offers UK fund to German inverstors
Managing Partners Limited (MPL) has launched a property fund for German investors: the British Property Opportunities Fund. The international fund manager said on Thursday that the open-ended investment vehicle gives German investors 'the opportunity to invest in one of Europe’s most exciting property markets where deep discounts are available'.
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PropertyEU Archive
Eurasia sells Volna centre for $140m
Russia's Eurasia Industrial and Investment Group has reached agreement to sell the Volna business centre in Moscow to local insurance group Sogaz. The transaction price amounts to around $140 mln (EUR 103 mln).
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PropertyEU Archive
Topland to sell £200m of smaller assets
Topland Group is seeking to take advantage of the recovering investment market to sell £200 mln (EUR 239 mln) of smaller assets.
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PropertyEU Archive
Corio boosts earnings in 2009
Listed retail specialist Corio saw its direct result (from rental income) rise 6.9% in 2009 to EUR 218 mln. The indirect result came to a negative EUR 350.1 mln compared to a negative EUR 443.7 mln in 2008 reflecting further writedowns of the portfolio. In total, the value of the ...
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PropertyEU Archive
Neinver outlet centres boost sales in Europe by 28%
Neinver, one of Europe's leading retail operators, with 11 outlet centres and more than 1,000 stores, ncreased the turnover of the outlet centres it operates in Italy, Germany, Spain, Poland and Portugal, by 28% in 2009 compared to 2008.
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PropertyEU Archive
Lunkewitz sells Renaissance Haus for EUR 53m
Frankfurt-based publisher Bernd F. Lunkewitz has sold the Renaissance Haus scheme in Munich to an unnamed institutional investor for around EUR 53 mln. Built in 1902, the historic office building was completely renovated between 2001 and 2003 and currently provides 14,000 m[sup]2[/sup] of leasable area divided across seven floors.
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PropertyEU Archive
Benson Elliot makes first UK acquisition
Benson Elliot Capital Management, one of Europe's leading private equity real estate firm, has acquired the mixed-used centre CBXII on Midsummer Boulevard in Milton Keynes for £20.6 mln (EUR 23.4 mln). The property was acquired from the CASPAR Fund, managed by Henderson Global Investors. The deal reflects an initial yield ...
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PropertyEU Archive
AXA IM extends redemption freeze on Immoselect fund
AXA Investment Managers Deutschland has decided to extend a redemption freeze on its Immoselect open-ended property investment fund for a further nine months. The decision comes after the expiration of a first three-month closing period for the fund.
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PropertyEU Archive
RICS: energy efficiency must be top EU priority
RICS has co-signed a letter calling on European policy makers to focus on the security of supply, competitiveness and climate benefits of energy efficiency during the European Summit.
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PropertyEU Archive
London & Regional offloads Moscow property
UK investor London & Regional Properties has sold the Ulanskiy office complex in the city centre of Moscow to Russian oil group Lukoil. The property offers 7,200 m[sup]2[/sup] of lettable space, of which 5,800 m[sup]2[/sup] are currently vacant.
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PropertyEU Archive
Average retail rents in UK set to stabilise soon: C&W
Average retail property rents declined just over 8% in 2009, says Cushman & Wakefield in its latest quarterly update on the UK market. The property adviser notes that although rents declined by a further 1% in the final quarter of 2009, the rate of softening has begun to ease and ...
