All Real Assets articles in Web Issue – Page 543
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PropertyEU Archive
Westimmo London carries out three financing deals
The London office of German lender WestImmo announced on Tuesday that it has arranged and underwritten three acquisition loans in the UK and Continental Europe recently. 'In addition to WestImmo's strategy of medium to large scale debt arrangement, the London branch continues to provide clients with tailored bilateral solutions across ...
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PropertyEU Archive
Room for improvement in fund corporate governance: INREV
The non-listed real estate industry can improve standards of corporate governance, particularly transparency, accountability and alignment, according to a report from INREV. The results of the first INREV Corporate Governance Best Practice Review showed that levels of compliance with INREV Guidelines were good but gaps in market practice showed room ...
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PropertyEU Archive
Hines to launch new EUR 150m Italian fund by September
The Italian fund management unit of US real estate developer Hines is hoping to raise around EUR 100 mln of equity from Italian institutional investors for a new fund targeting Class A office schemes and residential complexes in the country's main urban centres, Hines' Italian head Manfredi Catella told PropertyEU ...
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PropertyEU Archive
Unibail-Rodamco sells retail portfolio in Rotterdam for EUR 150m
Unibail-Rodamco has sold a 20,000 m[sup]2[/sup] retail portfolio in Rotterdam to Dutch investor Syntrus Achmea Vastgoed for around EUR 150 mln. The transaction will be effected on 1 July. The portfolio consists of 30 assets located on the Lijnbaan, Korte Lijnbaan, Karel Doormanstraat and Beursplein. The store tenants are mainly ...
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PropertyEU Archive
C&W, JLL hired to sell Il Sole 24 Ore's HQ in Milan
Italian fund manager Torre Sgr has mandated Jones Lang LaSalle and Cushman & Wakefield to sell the headquarters of Il Sole 24 Ore on Via Monterosa in Milan. The complex offers around 50,000 m[sup]2[/sup] of office space and is valued at well over EUR 200 mln.
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PropertyEU Archive
Draco to invest EUR 50m in Skyline project
Italian firm Draco unveiled plans for three new commercial development projects at the Expo Italia Real Estate (EIRE) fair in Milan this week.
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PropertyEU Archive
Klepierre sells off assets worth EUR 73m
French listed retail specialist Klépierre has announced the sale of three retail assets for a total value of EUR 72.8 mln (excluding transfer duties). The figure is higher than the appraised value of the assets on 31 December 2009, the company said in a press release. The names of the ...
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PropertyEU Archive
Dutch government calls for more action on ethics
The Dutch housing ministry plans to consult with a number of leading real estate investors in the Netherlands on a drive to improve the image of the Dutch property sector, director-general Chris Kuipers said during a debate at the Provada real estate fair in Amsterdam this week.
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PropertyEU Archive
Pirelli among bidders for Bank of Italy mandate
A number of well-known parties are rumoured to have submitted bids for the mandate to sell the Bank of Italy's EUR 330 mln worth of assets. Bidders include Pirelli RE, Mediobanca, Intesa Sanpaolo and Ernst & Young, according to sources.
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PropertyEU Archive
London & Regional buy Columbus hotel in Monaco
Property agent Christie + Co has sold the internationally-acclaimed 181-bedroom Columbus hotel in the Principality of Monaco, to London & Regional Group, one of the largest private property companies in Europe, for an undisclosed sum.
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PropertyEU Archive
Provada examines future of Dutch retail
A retail forum was launched on the second day of the Provada Dutch real estate fair this week to examine the future of Dutch retail. A panel of seven Dutch retail specialists, including retailers, developers and investors, discussed a range of topics regarding what lies ahead for the sector. The ...
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PropertyEU Archive
Vacant space manager expands in Germany
Camelot Property Management, a firm that specialises in protecting vacant space, has said it will open two new offices in Germany this year. The new locations will be in Hamburg and Düsseldorf, CEO Joost van Gestel told PropertyEU at the Provada real estate fair in Amsterdam this week.
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PropertyEU Archive
Savills sees news lenders in UK market
New entrants to the UK property lending market in the past 12 months include Aldermore, Bank of China, BSI, M&G, Royal Bank of Canada, Standard Bank and Unity Bank. That is one of the key findings of Savills' annual Financing Property presentation held this week in the City of London. ...
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PropertyEU Archive
EPISO fund sells London office to Hermes at 7.1% yield
European Property Investors Special Opportunities (EPISO) has sold an office asset in southwest London to the UK asset manager Hermes Real Estate. The investment volume of £58 mln (EUR 70 mln) reflects a net initial yield of 7.1%.
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PropertyEU Archive
Resolution acquires Polish mall for EUR 51m
European real estate investor Resolution Property has purchased Galeria Pomorska in the northern Polish city of Bydgoszcz for EUR 50.75 mln, reflecting an initial yield of 10%.
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PropertyEU Archive
Hammerson buys Leadenhall Court from receiver for EUR 79m
Hammerson is acquiring the long leasehold interest in Leadenhall Court, a City of London office building, for £65 mln (EUR 79 mln). The UK REIT announced on Friday that it had exchanged conditional contracts with Alan Bloom and Alan Hudson of Ernst & Young, joint receivers over the property which ...
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PropertyEU Archive
Commerz Real strikes again in Poland
Commerz Real has acquired the Harmony Office Center in Warsaw for its open-ended real estate fund hausInvest europa. The total investment volume for the office scheme, which has a gross lettable area of about 19,300 m[sup]2[/sup] and was completed in 2008, approximates EUR 56 mln. It is let in its ...
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PropertyEU Archive
Goodman, CBRE Realty in European alliance
Goodman Group, the Sydney-listed logistics developer-investor, has teamed up with CB Richard Ellis Realty Trust for a EUR 880 mln investment drive in logistics assets in the UK and Continental Europe.
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PropertyEU Archive
Cordea Savills appoints John Luke as director of institutional business
Cordea Savills, the international property fund manager, has appointed John Luke as director of institutional business with a focus on distribution in Ireland, the Nordics and the Benelux region. He will be based in the firm's London office and will report to Michael Flynn, executive director of institutional business.
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PropertyEU Archive
Meyer Bergman buys second London retail asset
Meyer Bergman has acquired the Exchange Shopping Centre, Ilford from the Mall Fund for around £71 mln (EUR 86 mln). The investment volume reflects a net initial yield in excess of 8.2%.
