All Real Assets articles in Web Issue – Page 560
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PropertyEU Archive
HB Reavis set to develop 20,000 m[sup]2[/sup] building in Prague
Slovak property developer HB Reavis has acquired a plot of land in central Prague to develop a new office building. In a statement, the company said that it has acquired the River Garden Office West project in the Karlín business area of Prague and intends to develop an eight-storey office ...
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PropertyEU Archive
Beni Stabili signs EUR 15m lease for Garibaldi complex
Italian real estate firm Beni Stabili has signed a lease contract on the entire Garibaldi complex in Milan with Tecnimont, the main operating company of the international engineering and construction group Maire Tecnimont.
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PropertyEU Archive
Hammerson jv buys London office from Union Investment for EUR 211m
UK REIT Hammerson has established a joint venture with the Canada Pension Plan Investment Board (CPPIB) to acquire a prime office property in the City of London. The investment volume is £175 mln (EUR 211 mln), plus £8 mln in costs.
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PropertyEU Archive
Azora Group buys Avatar building from Echo Investment
Spanish private equity group Azora International is buying the Avatar office building in the Polish city of Kraków from Warsaw-listed developer Echo Investment for PLN 121.66 mln (about EUR 30 mln). The newly built nine-storey office facility is located on Armii Krajowej street and is the Kraków’s office of the ...
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PropertyEU Archive
BNP Paribas sells retail complex in Rome
The Italian property fund management unit of BNP Paribas REIM has divested a retail complex in the Laurentina district of Rome for roughly EUR 25 mln and is currently seeking investors for a central office building in the Italian capital.
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PropertyEU Archive
Partners Group wins mandate from Korea Investment Corporation
Partners Group, the Swiss private markets investment manager, has been awarded a mandate by the sovereign wealth fund Korea Investment Corporation (KIC) to invest in a broad range of real estate products. According to the company, 'the property market offers attractive opportunities following recent market dislocations'.
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PropertyEU Archive
Doughty Hanson to develop Velodrome mall in Marseille
European fund manager Doughty Hanson & Co Real Estate has unveiled plans to finance the development of a new shopping mall adjacent to the Velodrome stadium in the southern port city of Marseille. The project will be carried out by Bouygues' GFC construction unit within the framework of its Public ...
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PropertyEU Archive
UK yields and rents 'heading for the doldrums': IPD
UK property yields and rents appear to be heading for the doldrums as the influences driving capital movements plateau, delegates at the IPD/IPF/PDIG Quarterly Q2 Briefing learned on Wednesday.
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PropertyEU Archive
AMB Europe Fund I acquires 13,000-m[sup]2[/sup] facility near Heathrow
Global industrial real estate firm AMB has announced that its Europe Fund I has acquired a 13,000-m[sup]2[/sup] logistics facility in the vicinity of Heathrow Airport in the UK. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Exhibitor numbers remain stable for EXPO REAL 2010
The 2010 edition of EXPO REAL is set to welcome the same number of exhibitors as last year, organiser Messe München said on Thursday in a press release. Around 1,600 companies will be presenting their products and services at the three-day real estate trade fair, the organiser said.
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PropertyEU Archive
RBS sells 318 bank branches to Santander
The Royal Bank of Scotland (RBS) is selling 318 branches and associated assets to Santander UK for a total of £1.65 bn (EUR 1.9 bn). RBS said in a statement on Wednesday the sale reflects a £350 mln premium to net assets. The transaction is expected to be completed by ...
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PropertyEU Archive
Commerz Real buys office property in Helsinki for EUR 41m
Commerz Real has acquired the Lintulahti Office Building in Helsinki on behalf of its hausInvest europa open-ended real estate fund for a total investment of EUR 41 mln. The vendor is Swedish construction and development firm Skanska.
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PropertyEU Archive
Germans upbeat about real estate: King Sturge
Sentiment in Germany's real estate industry is surging in the wake of upbeat data on the national economy, property advisor King Sturge has reported.
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PropertyEU Archive
London & Stamford prepares to become REIT
AIM-listed Guernsey closed-ended investment firm London & Stamford Property (LSP) has announced plans to move its listing to the main board of London Stock Exchange and to convert to a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
CEE office market turns the corner, says CBRE
Central and Eastern Europe (CEE) office investment turnover totalled over EUR 760 mln in the first half of 2010, a 310% increase on the EUR 185 mln recorded in H1 2009. The figures confirm views that the CEE office market has turned the corner, CB Richard Ellis said in a ...
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PropertyEU Archive
Five leave JLL in the Netherlands
Jones Lang LaSalle has announced that Martijn Smits and Sander van Winterswijk are to take charge of the Agency Team Amsterdam from 1 September. The pair are replacing the current team leaders Tammo Donker and Dennis Storms who are leaving the company at the end of August.
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PropertyEU Archive
Savills advises on EUR 5.4m BBVA transaction
Property advisor Savills has said it acted for Spanish bank BBVA in the sale of office space in Madrid to a family office investor. The investment volume of EUR 5.4 mln reflects a 6% yield. The first floor office, located in prime Madrid at 35 Nuñez de Balboa, comprises 1,379 ...
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PropertyEU Archive
LGP acquires three buildings in Cambridge for EUR 42m
Legal & General Property has acquired the long leasehold interest in three office buildings at Cambridge Science Park in the UK on behalf of its Managed Fund for £35 mln (EUR 42 mln), reflecting a net initial yield of 6.62%. The vendor is Trinity College, Cambridge.
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PropertyEU Archive
Henderson acquires retail unit in Halifax for EUR 6.9m
Henderson Global Investors has acquired a retail warehouse unit in Berry Lane, Halifax in the UK for £5.7 mln (EUR 6.9 mln). The investment volume reflects a net initial yield of 6.65%.
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PropertyEU Archive
Ibus sells office buildings Les Boréales in Paris
Netherlands-based real estate firm Ibus has sold two office buildings named Les Boréales in Courtaboeuf, a business park near Paris. Les Boréales was acquired by Ibus in 2000 for an amount of EUR 9 mln and was sold to a French private investor for EUR 7.9 mln.
