All Real Assets articles in Web Issue – Page 548
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PropertyEU Archive
Nine European countries among transparency 'improvers': JLL
Nine European countries are among the top 15 markets flagged as improving in terms of transparency, according to Jones Lang LaSalle and LaSalle Investment Management.
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PropertyEU Archive
Hungary's SCD, Wing to invest in Budapest office projects
Hungary's SCD Group said it is investing up to EUR 200 mln in the redevelopment of a hundred-year-old military barracks which would make it Budapest's greenest office complex.
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PropertyEU Archive
Morgenroth named chairman as INREV signals new phase
The European Association for investors in non-listed real estate funds (INREV) has appointed Michael Morgenroth as its new chairman, signalling a new phase for the organisation.
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PropertyEU Archive
Dutch real estate council joins European Property Federation
The Real Estate Council of the Netherlands (ROZ) has re-joined the Brussels-based European Property Federation (EPF), effective immediately. The announcement was made jointly by ROZ chairman Henk Hilverink and EPF president John Frederiksen,.
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PropertyEU Archive
ING REIM disposes of 14 Dutch office assets
ING Real Estate Investment Management (REIM) has sold the 14 remaining office properties in its REOFN (Real Estate Office Fund of The Netherlands) fund to an international consortium and a private investor. Thirteen properties were sold to a consortium led by PingProperties while the remaining asset was sold to a ...
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PropertyEU Archive
Swiss pension fund launches EUR 150m real estate vehicle
Zurich-based Swisscanto has launched a new real estate fund investing in Swiss commercial properties. The pension fund said that it has raised CHF 200 mln (nearly EUR 150 mln) for the investment vehicle, which is aimed at pension institutions, financial intermediaries and insurers.
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PropertyEU Archive
Prologis closes financings for PEPF II totalling EUR 180m
New York-listed Prologis has completed two financings for Prologis European Properties Fund II, expanding on one lending relationship and establishing a new one. These two financings total EUR 180.4 mln, with a blended coupon of 4.99%. The proceeds were used to pay down the fund's line of credit.
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PropertyEU Archive
Dagon sells 2 Scandic hotels for EUR 30m
Swedish listed property development company Dagon has sold two hotel properties located in Karlskrona and Helsingborg, Sweden to hospitality group Tastsinn for SEK 276 mln (roughly EUR 30 mln). The hotel in Karlskrona was completed in March 2010. Both properties are operated by the Scandic hotel chain.
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PropertyEU Archive
GPE buys 35 Portman Square for EUR 63m
Great Portland Estates (GPE) has announced the acquisition of 35 Portman Square, London for £53.0 mln (EUR 63 mln) from the shareholders of Portman Square Properties Holdings (PSPH).
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PropertyEU Archive
Hammerson carries out 4th investment deal in June
Hammerson has exchanged conditional contracts for the sale of Exchange Tower in London's Docklands. The transaction is the fourth deal involving the UK and French REIT this month.
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PropertyEU Archive
SandpiperCI sells 5 supermarkets in the Channel Islands
SandpiperCI, a retail operator partially owned by property fund manager Europa Capital and buyout group Duke Street, has announced that contracts have been exchanged for the sale of its five large supermarket developments to retail chain Waitrose. The financial details were not disclosed.
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PropertyEU Archive
Sol Melia opens new hotel in Barcelona
Spanish hotel chain Sol Meliá has announced the opening of its fifth hotel in Barcelona with the inauguration of the four-star Tryp Condal Mar hotel.
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PropertyEU Archive
Portugal's Beltico gets green light for Falesia resort project
Portuguese developer Beltico group has received the go-ahead to develop its Falesia D'El Rey five-star golf and resort project in Óbidos, near Lisbon.
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PropertyEU Archive
Redevco briefs Brussels on green progress in retail development
European retail property company Redevco, a member of The International Council of Shopping Centers (ICSC), briefed the European Commission and the influential Retail Forum in Brussels on 24 June on sustainability initiatives currently being implemented by Redevco and retailer C&A within the European retail development sector.
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PropertyEU Archive
Segro joins foreign REIT exodus from Paris exchange
UK-based Segro has become the latest real estate investment trust (REIT) to drop its dual listing on Euronext Paris as a result of a change in the rules governing the tax transparent system for property firms in France.
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PropertyEU Archive
PHP acquires 14 care properties in EUR 47m deal
UK specialist REIT Primary Health Properties has unconditionally agreed to acquire the entire issued share capital of Health Investments (HI), a provider of primary care and pharmacy properties with a UK wide portfolio.
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PropertyEU Archive
Pramerica raises EUR 182m for European real estate debt strategy
Pramerica Real Estate has secured £150 mln (EUR 182 mln) for its European real estate debt strategy. This sum includes capital from a pension fund serviced by APG, the Dutch pension fund manager with more than EUR 240 bn of assets under management.
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PropertyEU Archive
Fabege sells office property in central Stockholm for EUR 24m
Stockholm-listed real estate firm Fabege has divested the leasehold for the office and retail property located at Orgelpipan 4 in central Stockholm for SEK 230 mln (EUR 24 mln). This brings the number of sales transactions by Fabege so far in 2010 to six, with a total volume of EUR ...
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PropertyEU Archive
CA Immo to acquire Europolis for EUR 272m
Vienna-listed CA Immobilien Anlagen is acquiring all the shares in CEE real estate firm Europolis from Austian bank Österreichische Volksbankenb (VBAG). The investment volume is EUR 272 mln.
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PropertyEU Archive
Balder, Forvaltaren buy Swedish assets for EUR 43m
Swedish property company Balder said that it has purchased three mixed-use properties in the cities of Malmö and Helsingborg for a total of SEK 221 mln (EUR 23 mln). In a statement, the firm said that the assets offer a total of 29,000 m[sup]2[/sup] of residential, office and retail space.
