All Real Assets articles in Web Issue – Page 546
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PropertyEU Archive
WestLB sales process to start on 30 September
German bank stabilisation fund Soffin has said the process to sell the wholesale bank West LB must begin by 30 September. Meanwhile, WestLB is seeking to auction its real estate financing unit Westimmo.
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PropertyEU Archive
Qatari investor acquires Land Secs development for EUR 300m
Qatar-based Barwa Real Estate is to acquire the Park House development in Mayfair, London from UK REIT Land Securities for £250 mln (EUR 299 mln) .
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PropertyEU Archive
Immac invests EUR 31m in Austrian nursing homes
Hamburg-based fund manager Immac said that it has invested around EUR 31 mln in the purchase of four properties in the Austrian federal state of Carinthia for its new nursing centre fund, Austria VIII.
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PropertyEU Archive
Allianz RE takes 75% stake in Paris mall from Hammerson
Allianz Real Estate has exchanged conditional contracts to acquire a 75% interest in Hammerson's Espace Saint Quentin shopping centre, Saint Quentin-en-Yvelines near Paris. Hammerson, a real estate investment trust in both the UK and France, said it will continue to manage the asset which will be held in a 75:25 ...
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PropertyEU Archive
Panattoni starts development of Lodz business park
Panattoni Europe said on Thursday that it has started development of its Panattoni Lódz business centre in Poland. This is Panattoni's first investment of this type, offering office space and logistics accommodation for small business units.
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PropertyEU Archive
WP Carey completes second leaseback deal with Eroski
New York-listed WP Carey & Co has acquired two warehouse logistics facilities in Elorrio and Mallorca from Spanish retail group Eroski for EUR 43 mln.
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PropertyEU Archive
Carlyle Group secures 11,700 m[sup]2[/sup] letting in Copenhagen
Carlyle Group, the global private equity firm, has let a further 11,700 m[sup]2[/sup] at its Skt. Petri Passage office development in central Copenhagen. The property is now 75% let.
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PropertyEU Archive
Bank JV to invest EUR 300m in Austria's highest tower
A consortium of Bank Austria's real estate arm Bauträger Austria Immobilien and Wiener Entwicklungsgesellschaft für den Donauraum (WED) has started the development of the DC Tower in Vienna.
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PropertyEU Archive
Metric picks up Northern Irish retail park for EUR 34m
Metric Property Investments has exchanged contracts to acquire Damolly Retail Park, Newry, Northern Ireland for an initial payment of £28.4 mln (EUR 34 mln). The vendor is private property firm Corbo.
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PropertyEU Archive
Union Investment buys office asset in Sweden for EUR 58m
Hamburg-based fund manager Union Investment is acquiring an office property in Sweden for SEK 555 mln (almost EUR 58 mln). The vendor is listed Swedish real estate company Fabege. The property at Päronet 8 in Solna Strand in the municipality of Stockholm comprises 21,600 m[sup]2[/sup] of office space.
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PropertyEU Archive
Aberdeen trades assets in Denmark
Aberdeen Property Investors (API) has acquired a landmark office building in greater Copenhagen for around DKK 300 mln (EUR 40 mln). Located in the Tuborg port area, the property offers 11,000 m[sup]2[/sup] of office space in Hellerup and is earmarked for API's Property Fund Denmark. The vendor is the Danish ...
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PropertyEU Archive
Foreign buyers drive Italian retail investment
Some EUR 2.5 bn of Italian retail assets is up for grabs in Italy as developers look to cash in on rebounding property prices, according to Davide Dalmiglio, head of JLL's retail capital markets in Italy. 'Despite the large availability of product, as little as 10-15% of total stock corresponds ...
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PropertyEU Archive
GE Capital to halve property portfolio
GE Capital Real Estate has unveiled plans to shrink its real estate holdings worldwide on the back of mounting losses in its commercial property portfolio.
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PropertyEU Archive
High energy costs scare off retailers, says Douglas
Retail property owners and investors are ramping up asset management strategies to maintain shopping centres performance in a difficult economic environment across Europe, but costs continue to be a big concern for centre management and their tenants.
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PropertyEU Archive
Generali to step up real estate exposure
Italian insurance giant Generali is looking to invest up to EUR 300 mln in the Italian market this year as part of plans to increase the weight of its real estate exposure.
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PropertyEU Archive
EHF urges EU to focus on renovation of existing housing stock
RICS and other members of the European Housing Forum will urge EU Ministers today to focus on the renovation of existing housing stock as a means of raising Europe’s living standards, creating employment and ensuring quality, decent and affordable homes for all. EU Housing Ministers are due to meet today ...
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PropertyEU Archive
SEB fund acquires City of London office for EUR 134m
SEB Asset Management announced on Monday that it has acquired the Condor House office building in the City of London for its open-ended SEB ImmoPortfolio Target Return fund. The vendor is Evans Randall Group and the total investment costs come to EUR 134.3 mln.
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PropertyEU Archive
IGD Siiq buys Palermo mall for EUR 54m
Bologna-based retail property group Immobiliare Grande Distribuzione SIIQ (IGD SIIQ) has purchased the Torre Ingastone shopping centre in Palermo, on the Italian island of Sicily, from developer Cogei Costruzioni. The investment will amount to just over EUR 54 mln, excluding taxes.
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PropertyEU Archive
Salans advises AEW Europe on Polish transaction
International law firm Salans advised the European Property Investors Special Opportunities (EPISO) fund on the purchase of five warehouses in Poland from Panattoni Europe and Standard Life Investments for EUR 91 mln last month. The EPISO fund is co-managed by AEW Europe and Tristan Capital Partners.
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PropertyEU Archive
Valad makes appointments to European executive
Pan-European multi-let investment manager Valad Property Group has announced two new appointments to its European executive. Michael Bruhn, head of Valad Nordic, and Klaus Kortebein, head of Valad Germany, join CEO Marty McCarthy, COO Christian Bearman, CFO Fraser Kennedy and group head of funds management, David Kirkby on the European ...
