All Real Assets articles in Web Issue – Page 551
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PropertyEU Archive
Prologis leases 67,000m[sup]2[/sup] in UK and Czech Republic
Prologis, the global provider of distribution facilities, has signed development portfolio lease agreements totalling 67,000 m[sup]2[/sup] with two customers in Europe.
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PropertyEU Archive
Deka Immobilien acquires Paris hotel for EUR 114m
Deka Immobilien has acquired a hotel property in the city centre of Paris on behalf of its Europa open-ended property fund for around EUR 114 mln. The vendor is French property group Altarea Cogedim.
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PropertyEU Archive
Skanska sells office project in Wroclaw for EUR 76m
Skanska has sold its Grunwaldzki Center office property in Wroclaw in southern Poland to German investment fund RREEF for EUR 76.5 mln. Colliers acted for the vendor.
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PropertyEU Archive
Deka sells Düsseldorf office property for EUR 97m
Deka Immobilien said on Thursday that it has sold an office property in the centre of Düsseldorf on behalf of its open-ended real estate fund Deka ImmobilienEuropa for about EUR 97 mln. The name of the buyer was not disclosed.
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PropertyEU Archive
Invista appoints Richard O'Boyle to head retail sector
Invista Real Estate Investment Management, the largest listed real estate fund manager in the UK, has announced the appointment of Richard O'Boyle as head of the retail sector team.
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PropertyEU Archive
Taco de Groot named CIO at Vastned Group
Vastned Group has announced that Taco de Groot is joining the management team. He has been appointed a managing director of Vastned's listed Retail and Office/Industrial funds and chief investment officer.
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PropertyEU Archive
Hammerson increases role in major UK regeneration scheme
Hammerson and Brookfield Europe have reached an agreement under which Hammerson will assume control of the Cricklewood project within the £4.5 bn (EUR 5.5 bn) Brent Cross Cricklewood regeneration proposals in the UK.
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PropertyEU Archive
Savills promotes Kinnoch in Spain
Savills has promoted Danny Kinnoch to the new role of International Investment Director advising both international clients on Iberian real estate transactions and Spanish clients with foreign requirements.
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PropertyEU Archive
NSI acquires retail passage from Unilever pension fund
Amsterdam-listed real estate firm Nieuwe Steen Investments (NSI) has acquired the Sterpassage, part of shopping centre 'In de Bogaard' near The Hague from the 'Progress' pension fund for EUR 38.7 mln. The gross contractual rent for Sterpassage comes to EUR 3 mln, reflecting a higher yeild than NSI's target of ...
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PropertyEU Archive
Jones Lang LaSalle announces National Director promotions
Jones Lang LaSalle has announced the promotion of 25 employees from across the English business and England-based pan-European and global business units to the role of National Director.
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PropertyEU Archive
Townsend Group appoints principal in London office
The Townsend Group has appointed Damien Smith, former Chief Investment Officer of ING Real Estate Select, as a Principal in their London office to focus on portfolio management and investment underwriting in the European region.
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PropertyEU Archive
Bouwfonds buys German housing developer
Netherlands-based Bouwfonds Property Development has reached agreement with Dutch engineering firm Grontmij on the acquisition of German housing developer Kontrola. The takeover sum was not disclosed. The deal also includes the acquisition of 49% of the shares in the OolderVeste area development by Bouwfonds subsidiary Nouville Ontwikkeling.
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PropertyEU Archive
Role of corporate RE manager could be outsourced: CoreNet
The role of the corporate real estate manager is being reshaped by new ways of working and the growing trend towards outsourcing of property services.
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PropertyEU Archive
Unibail-Rodamco deal runs into regulatory snag in Warsaw
Unibail-Rodamco’s planned acquisition of two shopping malls in Warsaw has run into a regulatory snag in Warsaw, according to reliable sources. The transaction was expected to close by the end of June 2010, 'subject to customary closing conditions and antitrust approval’.
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PropertyEU Archive
Trigranit develops new transport hub in Poznan
Trigranit Development Corporation and Polish Public Railways have signed an agreement to develop a new transportation complex in Poznan. Construction of the EUR 160 mln investment is scheduled for early next year with the first phase of the hub - a large retail centre - due to be opened in ...
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PropertyEU Archive
Unibail-Rodamco sells Dutch assets for EUR 156m
Unibail-Rodamco has sold three retail assets in the Netherlands for about EUR 156 mln. The buyer was Altera Vastgoed, a private real estate investment company based in the Netherlands. Altera announced on Monday that the main asset is the 17,000-m[sup]2[/sup] Sint Jorisplein shopping centre and its 460-space parking garage in ...
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PropertyEU Archive
Bauwert acquires plot in Berlin for EUR 85m residential scheme
German developer Bauwert Investment Group announced on Monday that it has acquired a property in downtown Berlin from the Liegenschaftsfonds Berlin property fund for a EUR 85 mln apartment project. The transaction volume for the site at Württembergische Straße 40-49 was not disclosed.
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PropertyEU Archive
Invista acquires Edinburgh Academy Boarding Houses from administrators
Invista Real Estate Opportunity Fund has purchased what it describes as one of the most high profile, prime development sites in Edinburgh from administrators PWC. The investment volume for the acquisition of the Edinburgh Academy Boarding Houses, was not dislosed. Scottish Land Holdings advised Invista in the deal.
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PropertyEU Archive
AFI Development obtains premium listing on LSE
Shares in AFI Development, a real estate company focused on developing property in Russia and the CIS, have begun trading on the main market of the London Stock Exchange.
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PropertyEU Archive
BNP Paribas Real Estate expands client solutions team
BNP Paribas Real Estate has expanded its international Client Solutions team to 25 people across five countries: France Germany, UK, Italy and Spain. The global real estate adviser has also announced the expansion of the team into Belgium.
