All Real Assets articles in Web Issue – Page 523
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PropertyEU Archive
Hansteen acquires 61 UK properties from receivers for EUR 92m
Hansteen, the London-listed investor in UK and Continental European real estate, has continued its expansion by acquiring a multi-sector portfolio of 61 properties in the UK. The investment volume of £80.4 mln (EUR 92 mln) reflects an initial yield of 7%, or 8.1% excluding land.
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PropertyEU Archive
Goldman property fund posts 98% loss
An international real estate fund backed by Goldman Sachs has reportedly lost almost all its equity following the poor performance of investments in Germany, the US and Japan.
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PropertyEU Archive
Nordic Land mulls sale of Swedish assets
Nordic Land, the listed property company created in 2007 to invest in Scandinavian assets, has appointed DTZ to explore the possible sale of all or part of its property portfolio in Sweden. The company, which is managed by Lathe Investments, said that the decision was prompted by the decline in ...
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PropertyEU Archive
JLL to property manage Fifth Avenue mall in Russia
Jones Lang LaSalle has announced that its Retail Property Management team has secured an instruction to provide property management services to Torgovyi Dom Na Khodynke, the owner of the Fifth Avenue Shopping and Entertainment Centre which is located in the north-west of Moscow.
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PropertyEU Archive
WDP, Schiphol RE awarded Dutch BREEAM certs
WDP, the Euronext-listed closed-end real estate investment company, together with Schiphol Real Estate are to receive the first two Dutch BREEAM sustainability certificates.
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PropertyEU Archive
Schroders closes its Columbus real estate fund
International law firm SJ Berwin has advised Schroders on the establishment and first closing of its Columbus real estate fund. The fund, which will target returns of 15% per annum net of fees, will acquire real estate in the UK which has value-added potential and will be a mix of ...
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PropertyEU Archive
RICS launches in Nordic region
The Royal Institute of Chartered Surveyors (RICS) has established an official presence in the Nordic region. The global property professionals body held its official RICS Nordic Launch Event at the Grand Hotel in Stockholm on Wednesday. The new board of RICS Sweden and the plan for the region were presented ...
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PropertyEU Archive
Carlyle completes 18,000 m[sup]2[/sup] mixed-use revamp in Paris
The Carlyle Group, a global private equity firm, has completed the renovation of an office and retail complex located in the seventh district in Paris. The complex comprises three architecturally significant buildings from different periods.
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PropertyEU Archive
Italy's IGD buys remaining 10% of Romanian mall operator
Italy's Immobiliare Grande Distribuzione SIIQ (IGD SIIQ) has signed a preliminary agreement to buy the remaining 10% it did not own in Romanian shopping centre investor-operator Winmark Magazine. The acquisition was carried out through IGD's Immobiliare Larice unit and is expected to be completed before the end of the month.
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PropertyEU Archive
BAI Austria sells Vienna hotel for over EUR 100m
Bauträger Austria Immobilien (BAI Austria), the real estate development arm of Bank Austria, has sold a building located on Vienna's Schubertring 5-7 to the Flick Foundation for over EUR 100 mln. According to news reports in Austrian papers, the property is to open its doors at the end of the ...
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PropertyEU Archive
Eurohypo provides EUR 140m financing for Manchester deal
German lender Eurohypo announced on Monday that it has provided £123 mln (EUR 140 mln) in financing for one of the largest regional investment transactions in the UK in years. The funding agreement with Luxembourg fund manager Ærium is for the purchase of 3 Hardman Street, a grade A office ...
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PropertyEU Archive
Almacantar raises EUR 150m for investment in London and Paris
Property company Almacantar has raised EUR 150 mln in its first closing. This includes EUR 100 mln invested by Exor, the investment arm of the Italian Agnelli family. The agreement between the parties foresees Exor investing an additional EUR 50 mln when Almacantar raises further equity from new shareholders.
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PropertyEU Archive
Alpha Tiger acquires H2Ocio mall for EUR 84m
Alpha Tiger Property Trust, advised by Alpha Real Capital, has announced the acquisition of the H2Ocio shopping centre in Rivas-Vaciamadrid, southeast of Madrid from Rivas Futura, part of the Spanish family owned real estate group Gedeco Avantis.
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PropertyEU Archive
Beni Stabili sells 7% of capital in move towards REIT status
Beni Stabili, the Italian real estate arm of France's Fonciere des Regions (FdR), is selling 134 million shares, or 7% of its capital, as part of the process of converting to real estate investment trust (REIT) status by the end of the year.
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PropertyEU Archive
Knight Frank sets up investment management arm
UK real estate consultancy firm Knight Frank has announced the launch of a new in-house investment management unit. Knight Frank Investors will provide segregated investment management services to pension funds, insurance companies, private banks and high net-worth individuals.
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PropertyEU Archive
Blackstone mooted as buyer for ING REIM
Private equity giant Blackstone is one of the potential buyers of ING Real Estate Investment Management (ING REIM), according to a report in Investment News. The US-based online news service for financial advisers cites an unnamed investment banker as the source for the report.
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PropertyEU Archive
Brussels letting market rebounds: Savills
Brussels has seen a rebound in lettings activity during the first quarter of 2010, with lettings up 152% compared to the same period last year and up 8% compared to the five-year average, according to property adviser Savills.
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PropertyEU Archive
Demand for UK shopping centre strengthening: Knight Frank
While there are signs that demand for other retail asset classes is now dampening, the relative yield discount offered by shopping centers will lead to a further strengthening of demand for this asset class, particularly from UK funds.
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PropertyEU Archive
Retail takes 42% share of investment in Q1: CBRE
Investment in European retail real estate reached EUR 8 bn in the first quarter (Q1) of 2010, outpacing office investment activity with a record-high 42% share of total turnover, according to the latest research from CB Richard Ellis (CBRE).
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PropertyEU Archive
Tour Eiffel refinances EUR 100m of debt
Société de la Tour Eiffel has reached an agreement with a banking consortium for the refinancing of around EUR 100 mln of corporate debt.
