All Real Assets articles in Web Issue – Page 561
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PropertyEU Archive
JLL Hotels brokers Italian, UK deals
JLL Hotels has announced the sale of Le Meridien Piccadilly, in the heart of London's West End, on behalf of Starman Hotels. The grade II listed, 266-room leasehold hotel was acquired by an affiliate of Host Hotels & Resorts for £64 mln (EUR 77 mln). The hotel has recently undergone ...
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PropertyEU Archive
Cushman & Wakefield expands Budapest office
Global real estate consultant Cushman & Wakefield (C&W) has announced the expansion of its office real estate team in Budapest with the appointment of Tamara Szántó to the C&W office agency as a negotiator from 1 August.
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PropertyEU Archive
CBRE strengthens Irish property management team
The Dublin office of CB Richard Ellis Group (CBRE) has announced the appointment of David McKenna as associate director, in its Irish retail Property Management business.
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PropertyEU Archive
Distressed property sales ease: RICS
The growth in distressed property listings eased back in more than 85% of the countries surveyed in a global report by RICS. In the second quarter, 13 out of the 25 countries surveyed reported an increase in distressed sales, down from 17 countries in the previous three-month period.
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PropertyEU Archive
Prime Milan rents rise for first time in two years: Savills
Prime Milan office rents are showing signs of growth for the first time in two years, according to a new report from international real estate advisor Savills.
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PropertyEU Archive
Panattoni Europe sells 3 Polish projects for EUR 56m
Industrial real estate developer Panattoni Europe has disposed of three Polish projects to a fund managed by Standard Life Investments (SLI) for around EUR 56 mln. The Warsaw-based firm said that it has sold a portfolio comprising 87,000 m[sup]2[/sup] of space spread across three logistics parks. Two centres - Panattoni ...
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PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 33.5m facility to Apollo Rida
Deutsche Pfandbriefbank has renewed a EUR 27.5 mln investment facility to Apollo Rida for its Zeran Park II warehouse and distribution park in Warsaw, and has also provided an investment top-up facility of EUR 6 mln. The deal was signed on 27 July.
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PropertyEU Archive
Commerz Real acquires retail park in France for EUR 39m
Commerz Real said it has acquired a retail park in the southern French city of Orange from French project developer Bouygues Immobilier for around EUR 39 mln. The property is earmarked for the company's HausInvest Europa open-ended real estate fund.
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PropertyEU Archive
Deka buys Greenwich Peninsula office property at 5.9% yield
London-listed firm Quintain Estates and Development announced on Monday that Deka Immobilien, Germany's largest manager of open-ended property funds, has acquired the Pier Walk office complex located at Greenwich Peninsula, London. The investment volume of £97.1 mln (EUR 117 mln) reflects a yield of 5.9%. Quintain said the price is ...
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PropertyEU Archive
Hesse Newman buys Frankfurt office building for EUR 73m
German closed-end fund manager Hesse Newman Capital has bought an office building in Frankfurt's central business district for around EUR 73 mln. The property, which has a lettable area of around 45,600 m2, is rented to Deutsche Bahn until 2020. Around 1,900 staff work in the Deutsche Bahn premises.
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PropertyEU Archive
NR Nordic & Russia announces total property sell-off
NR Nordic & Russia Properties has unveiled plans to dispose of its entire real estate portfolio, shortly after the company's shareholders turned down a EUR 114 mln takeover bid by the investment firm of the Livingstone brothers.
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PropertyEU Archive
Promotions awarded at DTZ Prague
Four managers from the Prague office of the international consulting firm DTZ were appointed to the position of associate director in July.
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PropertyEU Archive
SEB Immoinvest and Kanam Grundinvest funds stay closed
German open-ended funds SEB Immoinvest und Kanam Grundinvest are to remain closed for redemptions for another nine months due to market uncertainty about the government's planned investor protection laws.
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PropertyEU Archive
DG Hyp refinances properties held by IVG funds
German financier DG Hyp has provided EUR 118.2 mln in medium-term refinancing for five properties held by three open-ended funds managed by IVG Institutional Funds. The three funds are the Europe Fund OIK, EURIM and EPFUND-OIK.
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PropertyEU Archive
Strong H1 demand for German open-ended funds: BVI
With the exception of a dip in May, the first six months of 2010 saw strong investor demand for German open-ended real estate funds (GOEFs), according to the latest report from industry body BVI.
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PropertyEU Archive
Aareal originates EUR 1.6b new financing in Q2
Aareal Bank Group has said it originated EUR 1.6 bn of new estate lending in the second quarter of this year compared to EUR 700 mln in the second quarter of 2009.
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PropertyEU Archive
MediaMarkt takes 3,300m[sup]2[/sup] at Keen's Galeria Victoria
Consumer electronics retailer MediaMarkt has signed an agreement with Keen Property Partners Retail (KPP Retail) to lease 3,300 m[sup]2[/sup] at Galeria Victoria in the southwestern Polish city of Walbrzych.
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PropertyEU Archive
Stam Europe, Area poised to buy EUR 240m Italian property fund
A consortium of Stam Europe and Area Property Partners is close to clinching the acquisition of the Comune di Milano I real estate fund from BNP Paribas REIM, PropertyEU has learned.
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PropertyEU Archive
Sagax buys into Finnish property with EUR 34m logistics deal
The Finnish arm of Sweden's Sagax has acquired a portfolio of 10 assets in the Helsinki metropolitan area from a real estate fund managed by Nordic Real Estate Partners (NREP). The assets, mainly used for warehousing and light industrial purposes, were bought for a price of SEK 327 mln (EUR ...
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PropertyEU Archive
Substantial decline in bank lending to real estate: JLL
The latest Bank of England lending figures show that bank lending in sterling to real estate in the second quarter of 2010 has dropped by £3.5 bn (EUR 4.2 bn) following a slight improvement in the first quarter, according to Jones Lang LaSalle Q2 2010 Bank Lending Survey.
