All Real Assets articles in Web Issue – Page 516
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PropertyEU Archive
European debt funding gap to reach EUR 115b: DTZ
The debt funding gap across Europe is expected to reach EUR 115 bn over the next two years, according to DTZ Research in its latest report. This gap varies across countries, but 56% of the European debt funding gap is estimated to be in only two countries, the UK and ...
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PropertyEU Archive
Commerz Real purchases Dutch logistics centre for EUR 28m
German fund manger Commerz Real has acquired De Rooy logistics facility in the Dutch city of Roosendaal for one of its institutional funds for about EUR 28 mln. The deal was transacted in the form of a sale-and-leaseback agreement with international shipping and distribution company De Rooy.
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PropertyEU Archive
Warner Estate completes EUR 291m debt refinancing
UK real estate company Warner Estate Holdings said on Monday that it has completed the refinancing of bank facilities totalling EUR £261.3 mln (EUR 290.6 mln). Warner said that along with certain subsidiaries it has entered into new facilities with the Royal Bank of Scotland and Barclays, and extended and ...
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PropertyEU Archive
Aviva Investors raises £80m for investment in nursing homes
Aviva Investors has raised over £80 mln (EUR 90 mln) of fresh equity for its Quercus Healthcare fund in efforts to take advantage of buying opportunities in the market. 'There is a significant appetite from investors for this type of product', Aviva Investors' head of UK real estate Richard Jones ...
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PropertyEU Archive
Chagala completes Apart Hotel in Uralsk, Kazakhstan
Bayan, a wholly owned subsidiary of London-listed real estate Chagala Group, has completed its Apart Hotel expansion project in the city of Uralsk, Kazakhstan.
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PropertyEU Archive
Prudential joins Honua to launch bid for Falck area
Troubled Italian property firm Risanamento is in talks with Korean investment firm Honua Group to sell its vast Falck redevelopment site in Milan's Sesto San Giovanni district, well-informed market sources confirmed to PropertyEU. According to Italian papers, the Korean group is partnering with American investor Prudential to launch a EUR ...
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PropertyEU Archive
Major assets for sale in UK market
Northern Irish group William Ewart is trying to sell three shopping centres worth a total of £300 mln (EUR 332 mln) in the UK, well-informed sources told PropertyEU. The Hammersmith Broadway, Fulham Broadway and Victoria Places schemes are located at key transport nodes in central London above Hammersmith, Fulham and ...
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PropertyEU Archive
Orco CEO hits back at minority shareholders
Jean Francois Ott, CEO and chairman of troubled CEE developer Orco Property Group, has slammed a move by minority shareholders to remove him and the company's current board. 'This is very damaging for the company,' he said in a reaction.
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PropertyEU Archive
BayernLB finances Real I.S. office deal in Paris
BayernLB Bank said on Monday that it provided EUR 22 mln financing to German-based investor Real I.S. for the acquisition of a six-floor office building in Paris recently. Real I.S.'s Bayerische Grundvermogen III Sicav real estate investment fund purchased the 3,000 m[sup]2[/sup] property near the Arc de Triomphe from Unibail-Rodamco ...
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PropertyEU Archive
Impregilo to make an offer for Milan's City Life contract
Italy's construction group Impregilo plans to make an offer to buy a 50% interest in the contract to develop the massive City Life development site on the ground of the former trade fair in Milan.
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PropertyEU Archive
Pirelli RE unveils extension of Quarree Wandsbek scheme
Milan-listed Pirelli Real Estate said that it has completed the redevelopment of the Quarree Wandsbek shopping centre in Hamburg one year after the start of construction in March 2009. The total investment in the project amounted to around EUR 30 mln, according to the Italian property company.
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PropertyEU Archive
Henderson sells Leeds Retail Park for 6.15% yield
Henderson Global Investors' Retail Warehouse Fund has sold its Junction 27 Retail Park in the UK city of Leeds to the UK Commercial Property Trust for £56.63 mln (about EUR 63 mln). The sale to the UK's largest UK commercial property investment trust reflects a net initial yield of ...
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PropertyEU Archive
Nama to acquire EUR 16b of toxic debt at 47% discount
Ireland's National Asset Management Agency (Nama) announced on Tuesday that is applying an average discount of 47% for the purchase of the first batch of toxic property loans from five of the country's lenders.
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PropertyEU Archive
Affine to continue shift towards retail in 2010
French property group Affine will continue to re-balance its office-dominated portfolio with new operations in the retail and retail warehousing sectors this year. Maryse Aulagnon, chairman and CEO of the Affine Group, told PropertyEU in an interview that the decision is part of the company's ongoing efforts to diversify its ...
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PropertyEU Archive
Land Secs signs 4th international brand for expansion into the UK
Land Securities' independent subsidiary Brand Empire has signed its fourth international brand for expansion into the UK market. Leading Israeli cosmetic company Laline will offer soaps, candles, fragrances, oils, bath accessories and gifts, when it opens its first full range store this summer.
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PropertyEU Archive
40 viewings as bid deadline for Park Inn Hyde Park looms
Advisory group Christie + Co has announced that there have been close to 40 viewings for the Park Inn Hyde Park in under a month since the property came onto the market. The 188-bedroom hotel, which is being marketed on behalf of the Gresham Hotel Group, has already generated a ...
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PropertyEU Archive
Deutsche Fonds acquires Auge property for EUR 51m
German fund manager Deutsche Fonds has acquired the Auge office building in the Rhein-Main Technology Center from Hochtief Projektentwicklung for just over EUR 51 mln.
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PropertyEU Archive
Alpha to develop major German logistics centre for T.K. Maxx
Alpha Industrial is to develop a major new distribution and product preparation centre for T.K. Maxx at Bergheim next to Cologne, Germany. Maxx operates a total of 269 stores in the UK, Ireland, Germany, and Poland, and is the German arm of TJX Europe, the leading discount fashion and home-ware ...
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PropertyEU Archive
ING REIM appoints head of asset management in Finland
ING Real Estate Investment Management (ING REIM) Nordics has announced the appointment of Hans Krig as head of Asset Management Finland.
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PropertyEU Archive
Bank of Scotland names Kaufmann as German RE head
Bank of Scotland has appointed Günter Kaufmann as the new head of Real Estate Germany with effect from 1 January 2010. The bank said that the appointment of Kaufmann marks another step in the integration of Lloyds Banking Group's European Real Estate operations.
