All Real Assets articles in Web Issue – Page 538
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PropertyEU Archive
APF International buys office property in Zwolle
APF International has acquired a 9,970-m[sup]2[/sup] office building in the Dutch city of Zwolle on behalf of Fotex Netherlands, the Dutch subsidiary of Hungarian-listed holding company Fotex. The 'La Grande Vitesse' property, which includes 126 parking places, was sold by ING Dutch Office Fund. The financial details were not ...
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PropertyEU Archive
Riabokobylko to chair ULI Russia
Sergey Riabokobylko FRICS, senior executive director and partner of Cushman & Wakefield, is the new chairman of the Urban Land Institute (ULI) Russia. In this voluntary role, Riabokobylko is replacing Arnaud Dubois, managing director and partner- IMAGIM who served as district council chairman for two years.
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PropertyEU Archive
Food giant gets a taste for Poland
The Warsaw office of international property consultant King Sturge advised in a transaction in which Associated British Foods (AB Foods) has taken over 26,000 m[sup]2[/sup] of production and warehouse space near Poznan in west-central Poland.
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PropertyEU Archive
Karstadt sale delayed until 9 June
The sale of insolvent German department store chain Karstadt has been delayed until 9 June with three bids on the table. Administrator Klaus Hubert Goerg said in a statement that the bidders include the Highstreet consortium - which owns the majority of Karstadt’s stores, German-Swedish financial investor Triton and private ...
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PropertyEU Archive
NAI apollo provides 5,000m[sup]2[/sup] in Bad Homburg for Livipur
Livipur Kinder und Spielversand (children and toy dispatch) expands its existing logistics area. In a logistics object in Bad Homburg the real estate consulting firm NAI apollo acted as a broker for 5,000 square metres of storage area. NAI apollo Frankfurt acted exclusively as consultant on behalf of the landlord.
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PropertyEU Archive
Bulgaria's Mall attracts 1.5 million visitors
The Mall - the largest shopping centre in Bulgaria, has attracted 1.5 million visitors within a month of opening in Sofia, according to centre manager Frank Whiting.
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PropertyEU Archive
Norwegian Property extends lease with 14% rental uplift
Norwegian Property has agreed with the Norwegian Labour and Welfare organisation (NAV) to extend the existing lease contract in Ibsenkvartalet for 5 years from 1 October 2011.
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PropertyEU Archive
FdR to raise up to EUR 159m of equity
French office-focused Fonciere des Regions (FdR) has said that its board will propose the option to shareholders of being paid the 2009 dividend with new FdR shares at a price of EUR 65 per share. In a statement on Friday, the company said that the initiative is aimed at continuing ...
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PropertyEU Archive
RGI to raise $90m from new shareholder
RGI International, the AIM-listed developer of Russian commercial and residential real estate, said this week that it is raising up to $90 mln (EUR 73 mln) of equity from a new shareholder.
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PropertyEU Archive
AEW/Tristan acquires Polish warehouses for EUR 91m
European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has completed the purchase of five core warehouses in Poland from Panattoni Europe and Standard Life Investments for about EUR 91 mln.
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PropertyEU Archive
Accrue Capital makes first acquisition
Accrue Capital, the real estate private equity house founded by Stephen Webster and John Slade, has made its first acquisition with the purchase of private property company Heathcroft Properties.
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PropertyEU Archive
Allianz RE seals purchase of Le Colisee in Paris
German investor Allianz Real Estate has completed the acquisition of 100% of the Le Colisée office building in the Paris business district of La Défense from Icade's Compagnie La Lucette.
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PropertyEU Archive
ECE and Alpha join forces on logistics project
ECE Projektmanagement and Alpha Industrial are constructing a new logistics center for the company Cebal Verpackungen in Scheßlitz near Bamberg, Germany. Internationally active logistics provider Kühne + Nagel will operate the centre.
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PropertyEU Archive
Santander postpones sale of Banif assets
Spain's Banco Santander has postponed the sale of the real estate assets held by its EUR 2.6 bn Banif property fund due to lack of investor demand.
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PropertyEU Archive
BXR takes control of German resi portfolio
Netherlands-based BXR Real Estate Investment has completed one of the largest residential portfolio transactions in Germany so far this year by acquiring a 59% stake in the listed Danish Tower Group.
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PropertyEU Archive
Shell Netherlands to centralise offices
Shell Netherlands is in advanced talks to centralise a number of its offices in one location of up to 20,000 m[sup]2[/sup] in the Weena area of Rotterdam, PropertyNL, the sister publication of PropertyEU, has reported.
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PropertyEU Archive
Sveafastigheter sells Swedish hotel and convention centre
Swedish private equity real estate firm Sveafastigheter has sold a hotel and convention centre in the city centre of Växjö, Sweden. The buyer is the AXA REIM-managed EUR 500 mln Alternative Property Income Venture (APIV) fund. The transaction price amounts to SEK 139 mln (nearly EUR 15 mln).
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PropertyEU Archive
Pirelli RE to change its name to Prelios
The board of Pirelli & C. Real Estate propose changing the company's name to Prelios. The name change will be put forward to the next shareholders' meeting and will take effect following the finalisation of the separation of Pirelli RE from the Pirelli & C group.
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PropertyEU Archive
Skanska sees green potential in Czech market
Swedish construction and development firm Skanska sees a promising future for more green buildings in the Czech market, in particular in Prague and Ostrava, Britta Cesar, managing director Skanska Property Czech Republic, told PropertyEU in an interview.
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PropertyEU Archive
Doughty Hanson, Multi set to develop Valdebebas site
A joint venture of UK investor Doughty Hanson, Dutch retail developer Multi and Proactive Asset Management has signed a preliminary agreement with the city of Madrid to carry out the development of the large-scale Valdebebas site in the northern part of the Spanish capital.
