All Real Assets articles in Web Issue – Page 567
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PropertyEU Archive
RREEF funds meet acquisition target for 2010
RREEF's Spezial Invest funds have reached their 2010 target of acquiring EUR 500 mln-worth of properties for its institutional investors and the fund manager plans to spend a further EUR 300 mln before the end of the year.
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PropertyEU Archive
HGI extends EUR 685m Central London Office Fund
Henderson Global Investors has extended its £560 mln (EUR 685 mln) Central London Office Fund I until December 2015. Nearly all of the fund's 84 investors voted in favour of extending the fund from 2011 in order to take advantage of the strong London office market. Clive Castle, fund manager ...
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PropertyEU Archive
Real I.S. buys Amsterdam office building for new Bayernfonds
German fund manager Real I.S. has bought the office building known as 'The Book' in Amsterdam for an undisclosed sum. The property is located in the Sloterdijk/Teleport business district and has been fully let to the Dutch government until 2025.
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PropertyEU Archive
Bouwfonds Parking Fund buys third Dutch asset
Bouwfonds European Real Estate Parking Fund has acquired its third car park in the Netherlands in a sale-and-leaseback transaction with Q-Park. The investment volume was about EUR 20 mln.
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PropertyEU Archive
Valad focuses on growing European business
Sydney-listed Valad Property Group said that it is focusing on growing its European business after the group posted a full-year loss of A$165 mln (EUR 115 mln) in the year to end-June.
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PropertyEU Archive
Grainger and Moorfield unveil JV
UK listed residential property firm Grainger announced on Monday that Grainger Equity Release Limited (GERL) has entered into a 50-50 joint venture with a subsidiary of Moorfield Real Estate Fund II to run residential property company Sovereign Reversions.
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PropertyEU Archive
ING sells Canadian portfolio stake in EUR 1.5b deal
Dutch banking and insurance group ING announced on Friday that it has agreed to sell its 50% stake in the Canadian light industrial property portfolio, ING Summit Industrial Fund, to a joint venture between KingSett Capital and Alberta Investment Management Corporation (AIMCo).
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PropertyEU Archive
LGP acquires UK private hospital for EUR 20m
Legal & General Property (LGP) announced on Friday that, on behalf of the Property Unit Trust, it has acquired the BMI Woodlands Hospital in Darlington, UK from Bluesparkle.
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PropertyEU Archive
Beltane AM acquires City of London office property
Beltane Asset Management, has purchased St Paul's House, Warwick Lane from Grange Hotels, its second City of London acquisition in less than two months.
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PropertyEU Archive
Pfizer becomes largest tenant of Adgar Plaza
Adgar Postepu has signed a contract for the lease of office space with the Polish arm of leading pharmaceutical company Pfizer. The new tenant will occupy the largest office space among all the companies that have decided to locate their offices in Adgar Plaza, part of the Adgar complex situated ...
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PropertyEU Archive
Foruminvest sells majority interest in Belgian projects
European investor-developer Foruminvest Group has sold the majority interests in three Belgium shopping centre developments to City Malls, a new venture established by Patric Huon, the CEO of Foruminvest Belgium, and Brussels-listed real estate company Banimmo.
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PropertyEU Archive
Buck Consultants hires Ernst & Young partner
Buck Consultants International has recruited Jan Siemons as managing partner. In his new position, the former Ernst & Young partner will be responsible for servicing the growing demand for location advice by international companies as well as the advisory services to economic development groups and inward investment agencies in Europe.
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PropertyEU Archive
Chinese to replace Russians as major investors in prime London resi
Chinese buyers are expected to replace Russian investors as major players in the prime central London market as the number of super-wealthy individuals continues to grow rapidly in the country, new research from CB Richard Ellis has revealed. Buyers with foreign currency are still enjoying attractive discounts on prime central ...
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PropertyEU Archive
OVG delivers Haagsche Zwaan to Union Investment
Rotterdam-based developer OVG has delivered the Haagsche Zwaan office development in The Hague to its owner Union Investment.
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PropertyEU Archive
PREI names DeVos as Global sustainability officer
Pramerica Real Estate Investors has named David DeVos as its new Global Sustainability Officer, responsible for overseeing the company’s evolving strategy to reduce its worldwide environmental footprint.
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PropertyEU Archive
Westimmo and DG Hyp grab market share
German lenders Westimmo and DG Hyp booked an increase in their new commercial real estate business in 2009, according to PropertyEU’s annual survey of the top financiers in Europe. Westimmo showed the strongest growth, with new loan production rising 13% to EUR 6.2 bn from EUR 5.5 bn in 2008. ...
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PropertyEU Archive
IFM leases 2,000m[sup]2[/sup] at Frankfurt Romeo & Julia office towers
IFM Immobilien has leased out nearly 2,000 m[sup]2[/sup] of office space in the Romeo & Julia twin towers in Frankfurt. The newest tenants are real estate firm Colliers (800 m2) and Baring Asset Management (400 m2). The law firm WilmerHale has increased its office space by 750 m[sup]2[/sup].
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PropertyEU Archive
IGD SIIQ's profit doubles in H1 2010
Listed Italian retail property specialist Immobiliare Grande Distribuzione (IGD) SIIQ saw its profit double to EUR 14 mln in the first half of 2010, largely as a result of lower writedowns on its Italian and Romanian property portfolio. The figure compares to a EUR 7 mln profit in the same ...
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PropertyEU Archive
MTH buys 184 Mac Geiz stores in Germany
Austrian firm Management Trust Holding (MTH) has acquired a portfolio of 184 discount stores in eastern Germany from the insolvent Mac Geiz household retail chain. The announcement of the sale of the operating and property businesses which employ a total staff of 1,300 was made on Friday by administrator Rainer ...
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PropertyEU Archive
HB Reavis brokers Slovakia's largest leasing deal of 2010
Slovakian real estate development firm HB Reavis said that it has sealed the country's largest office lease agreement so far this year with the letting of 8,500 m[sup]2[/sup] of Grade A office space in its Apollo Business Centre II in Bratislava.
