All Real Assets articles in Web Issue – Page 524
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PropertyEU Archive
Invesco invests EUR 37m in Polish facility for Tesco
Invesco Real Estate, the global property investment management firm, has invested about EUR 37 mln in the development of a 57,000m[sup]2[/sup] logistics property in Gliwice, Poland. The property will be used as a central hub by retailer, Tesco Polska, and the development will be carried out by real estate developer, ...
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PropertyEU Archive
Spanish hotel operator buys Hilton Hotel Mallorca for EUR 40m
Spanish hotel operator Gestión T3 has acquired the Hotel Hilton Sa Torre de Mallorca from administrators for nearly EUR 40 mln. The transaction price includes EUR 29 mln of debt provided by Spanish banks Banco Sabadell, Caixa de Catalunya and CAM, with the rest being financed through a capital increase.
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PropertyEU Archive
Inpgi Hines fund to invest EUR 80m in Rome project
US real estate development firm Hines has unveiled plans to invest around EUR 80 mln over the next three years in a new development project in Rome.
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PropertyEU Archive
Second-round bids now in for WestImmo
The sale of German real estate lender WestImmo sale is heating up, with second-round bids now in. On Friday, second-round bids were submitted for the Mainz-based bank, which is being sold by it sole shareholder, WestLB. Blackstone, Apollo, Aareal and Terra Firma are all thought to have submitted bids, ...
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PropertyEU Archive
Stam Europe 'in exclusive talks' with Eroski to buy Spanish malls
French fund manager Stam Europe is in 'exclusive talks' with Eroski, the third-largest food and consumables operator in Spain, to acquire two mid-sized shopping centres in Spain in a sale-and-leaseback transaction, according to well-informed sources close to the process.
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PropertyEU Archive
Multi mulls new platforms for CEE and southern Europe
Multi Corporation is considering the creation of a new funds for its shopping centre activities in Central and Eastern Europe. The firm's Polish interests could potentially be included in the new vehicle, Multi chairman Hans van Veggel has told PropertyEU.
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PropertyEU Archive
Valad and Aviva seal 37,000 m[sup]2[/sup] leasing in Czech Republic
Pan-European multi let specialist, Valad Property Group, and Aviva Investors’ Central Europe Industrial Fund (CEIF), the owner of several industrial and logistics estates in the Czech Republic, has recently completed one of the country’s largest transactions of this year.
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PropertyEU Archive
European investment maintains momentum in Q1: DTZ
The average quarterly investment volume over the last four quarters across Europe rose 12% from EUR 15.4 bn to EUR 17.2 bn, maintaining the growth momentum of 13% seen over Q4 2009, reports global real estate adviser DTZ in its Q1 2010 European Investment market update.
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PropertyEU Archive
Dutch resi fund launches first European CMBS in 2010
Vesteda, the Dutch residential property investment fund, has launched a EUR 350 mln commercial mortgage-backed securitisation (CMBS) issue for its Vesteda Residential Funding II BV programme.
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PropertyEU Archive
Direct property volumes in EMEA to increase 30% in 2010: JLL
Global property adviser Jones Lang LaSalle is forecasting that direct commercial real estate transactions this year will be about 30% higher than in 2009 at around EUR 90 bn.
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PropertyEU Archive
AEW and Mountgrange raise EUR 23m from asset sales
A joint venture vehicle managed by AEW Europe/Tristan Capital Partners and Mountgrange Investment Management has sold two assets for a total of £20.3 mln (EUR 23 mln) from a portfolio acquired in September 2008.
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PropertyEU Archive
Deka invests EUR 34m in Bremen logistics centre
Deka Immobilien has acquired the Daimler Plant Consolidation Center (PCC) in the German city of Bremen for EUR 34 mln. The vendor was local company GfG.
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PropertyEU Archive
Panorama sells 50% of Kiev's Sky Mall project
Ukraine's largest commercial real estate developer Panorama Group said that it has sold a 50% share in its flagship Sky Mall project in Kiev to the Oledo Group, a company owned by businessman Andrew Adamowski. The financial details were not disclosed.
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PropertyEU Archive
APG joins the International Sustainability Alliance
APG, which manages worldwide pension assets of approximately EUR 240 bn, has become the latest founder member to join the International Sustainability Alliance (ISA).
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PropertyEU Archive
Schroders appoints managing director in Frankfurt
Schroder Property has announced the appointment of Michael Joachim Ruhl as manaing director of Schroder Property Kapitalanlagegesellschaft (KAG), Frankfurt.
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PropertyEU Archive
ING REIM takes over Creed fund in Asia
ING Real Estate Investment Management Asia (ING REIM Asia) announced on Tuesday that as of 16 April 2010 it has assumed the management of Creed Real Estate Partners, a private equity real estate fund in Japan.
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PropertyEU Archive
The Charities Property fund buys Tesco store
Cordea Savills has completed the acquisition of a Tesco Extra supermarket in Mansfield, Nottinghamshire for £43 mln (EUR 49 mln) on behalf of the Charities Property Fund. The property is let to Tesco on a 20-year lease.
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PropertyEU Archive
Italian property suffers record capital decline: IPD
Capital values in Italian commercial property suffered the steepest decline in its seven-year history, falling by -4.6%, according to the IPD Italy Annual Property Index. However, a robust 5.7% income return was sufficient to lift annual total returns modestly into positive territory at 80 basis points, compared to 2.3% in ...
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PropertyEU Archive
Goerojo joins Colliers Czech industrial team
Roman Goerojo, a recognized transportation and logistics professional, has joined Colliers International's industrial department in the Czech Republic as Senior Industrial Broker.
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PropertyEU Archive
C&W seeks development partner for Lord's cricket ground
Global real estate adviser Cushman & Wakefield has been appointed by Marylebone Cricket Club (MCC) to handle the worldwide search for a development partner to deliver a new premium residential development at the famous Lord's Cricket Ground in St John’s Wood, London.
