All Real Assets articles in Web Issue – Page 514
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PropertyEU Archive
Mercialys teams up with Carlyle to bid for Cap 3000 mall
French retail specialist Mercialys is joining forces with US private equity group Carlyle to launch a bid for the Cap 3000 shopping centre in Nice. Mercialys' chief operating officer Gery Robert-Ambroix told PropertyEU in an interview that the mall offers several opportunities to add value through redevelopment and extension works.
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PropertyEU Archive
Fabege in EUR 32m deal with new residential partnership
Fabege is transferring two properties to a new residential partnership with fellow Swedish real state company, Oscar Properties Invest, for a total consideration of SEK 315 mln (about EUR 32 mln).
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PropertyEU Archive
FBU board approves EUR 42m unit buyback
The board of Oslo-listed real estate firm Fornebu Utvikling (FBU) has approved an offer to purchase the units held by all unit holders. The NOK 340 mln (EUR 42 mln) financing for the transaction is in place, the company, formerly known as Scandinavian Property Development, announced on Tuesday.
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PropertyEU Archive
Real I.S. buys EUR 42m Paris office from Unibail-Rodamco
German investor Real I.S. said on Monday that it has acquired an office building in Paris for around EUR 42 mln. The seller is Franco-Dutch property group Unibail-Rodamco, according to a Real I.S. spokesperson. The acquisition was carried out on behalf of the company's Bayerische Grundvermogen III Sicav real estate ...
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PropertyEU Archive
JLL appoints capital markets head for Hungary and Croatia
Jones Lang LaSalle (JLL) has appointed Benjamin Perez-Ellischewitz as head of Capital Markets for Hungary and Croatia.
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PropertyEU Archive
Cushman & Wakefield to lead hunt for Battersea funding
Cushman & Wakefield is to lead the search for funding among investors in Europe, the US and Asia Pacific for the major redevelopment scheme at Battersea Power Station in London. Real Estate Opportunities, the firm behind the scheme, has awarded the property adviser the exclusive global mandate to secure the ...
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PropertyEU Archive
DTZ looks to Citi for global head of institutional capital
Real estate adviser DTZ has appointed David Schaefer head of DTZ Investment Management, Asia-Pacific and global head of Institutional Capital for DTZ Investment Management. He joins DTZ with immediate effect and will be based in Hong Kong.
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PropertyEU Archive
UK industrial supply tightest on record: King Sturge
Industrial occupier markets remain challenging and supply continues to rise as the UK economy emerges from one of the most difficult periods in decades, according to the latest edition of King Sturge's UK Industrial Floorspace survey.
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PropertyEU Archive
Corestate awarded management of EUR 110m portfolio
Swiss investor Corestate has announced that it has been awarded the asset management mandate for a EUR 110 mln residential portfolio in Germany.
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PropertyEU Archive
Commerz Real to merge hausInvest funds into EUR 12.5b giant
Commerz Real is to merge its two open-ended real estate funds, hausInvest europa and hausInvest global, later this year. The merger scheduled for September will create the largest open-ended real estate fund in Europe, with a volume of about EUR 12 bn. The investment focus for the merged hausInvest fund ...
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PropertyEU Archive
Commerz Real acquires hotel in Berlin for EUR 23m
Commerz Real has acquired a hotel project development in Berlin on behalf of its open-ended hausInvest europa real estate fund. The investment volume comes to around EUR 23 mln.
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PropertyEU Archive
Savills and Knight Frank act in Liberty store sale
International real estate adviser Savills has confirmed it acted for Sirosa Liberty in its acquisition of the freehold interest in London department store Liberty for £41.5 mln (EUR 46 mln). The investment volume reflected a yield of 4.8%.
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PropertyEU Archive
Arcandor to sell Karstadt by end of April
Arcandor, the insolvent German retailer, plans to sell its Karstadt department store chain by the end of the April after creditors abandoned the majority of their claims.
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PropertyEU Archive
Treveria Asset Management names ex-banker as CFO
Treveria, the German retail-focused investment company, said it has appointed Bernhard Fuhrmann as chief financial officer at its subsidiary Treveria Asset Management (TAM) with immediate effect. The appointment follows that of Michael Neubuerger as chief executive officer of TAM.
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PropertyEU Archive
Ballymore opens Eurovea Galleria in Bratislava
Irish developer and investor Ballymore Group announced that its multi-purpose Eurovea complex is opening to the public. Following the opening of the 5-star Sheraton Hotel Bratislava on Wednesday, the retail, leisure & entertainment part of the development opens on Friday.
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PropertyEU Archive
UK hotels may be checked into capex time bomb: Christie +Co
The lack, and misallocation, of capital expenditure could see a significant number of hotels miss the initial phase of a recovery that is moving ever closer, and also impact on their long-term viability, according to Christie + Co.
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PropertyEU Archive
Investors target core Central European markets: CBRE
The Central & Eastern European (CEE) commercial real estate investment market recorded a provisional EUR 275 mln turnover in the first two months of 2010, according to the most recent research by CB Richard Ellis.
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PropertyEU Archive
London office market shows strong leasing levels: CBRE
New research from CB Richard Ellis shows there was no sign of a let up in tenant demand in Central London during February as take-up remained above the one million sq ft mark for the third month in succession.
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PropertyEU Archive
Ikea's Port Lodz opens in Poland
Ikea Center Poland opened the EUR 200 mln Port Lodz shopping centre on Wednesday. The realisation of the project has taken about 16 months.
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PropertyEU Archive
Metric lists as UK REIT
Metric Property Investments has become the first new firm to IPO and list on London Stock Exchange as a real estate investment trust (REIT). The shares of the UK-incorporated specialist retail property investment company were admitted to trading on the exchange on Wednesday morning.
