All Real Assets articles in Web Issue – Page 570
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PropertyEU Archive
New phase doubles size of Designer Outlet Berlin
Outlet specialist McArthurGlen and international fund manager Henderson Global Investors have announced the opening of the second phase of Designer Outlet Berlin, with nearly 10,900 m[sup]2[/sup] of leasable space, of which 8,000 m[sup]2[/sup] is retail. This second phase almost doubles the size of the centre, bringing the total retail space ...
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PropertyEU Archive
Emília Tarró to head industrial for C&W in Budapest
The Budapest office of global real estate consultant Cushman & Wakefield (C&W) has recently promoted Emília Tarró to head of industrial department. Tarró joined C&W in 2007 with a reliable knowledge and experience of the Hungarian industrial real estate market and during the past three years she successfully contributed to ...
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PropertyEU Archive
CA Immo completes OBI store in Romania
Austrian real estate firm CA Immo International has announced the completion of construction of a 9,700-m[sup]2[/sup] Obi store in Romania. The DIY store is the first phase of the planned Prima shopping centre being developed by CA Immo and Romanian company Oasis Retail Development & Consulting in Sibiu, Romania.
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PropertyEU Archive
Rezidor to open City Centre hotel in Sochi
International hotel group Rezidor has teamed up with Russian developer Regional Hotel Chain (RHC) to construct a new 160-room hotel project in Sochi on Russia's Black Sea coast.
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PropertyEU Archive
Icade wins mandate to manage France's highest tower
French SIIC Icade said that it has been mandated to manage the landmark Tour First complex, offering over 80,000 m[sup]2[/sup] of office space in Paris' business district of La Defense. The scheme, which is being developed by Beacon Capital Partners' Beacon Capital Strategic Partners V fund, is set to become ...
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PropertyEU Archive
ING Real Estate Select attracts EUR 500m in H1
ING Real Estate Select, the multi-manager investment business, attracted around EUR 500 mln in inflows from European institutional investors, mainly in the Netherlands, in the first half of 2010 for placement with managers targeting the US and Asian property markets.
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PropertyEU Archive
Pramerica completes EUR 120m of London office transactions
Pramerica Real Estate Investors, acting on behalf of a family office, has acquired 20 Grafton Street for a purchase price of £47.8 mln (EUR 57 mln).
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PropertyEU Archive
Metric acquires UK shopping centre for EUR 20m
Metric Property Investments, a UK specialist retail real estate investment trust (REIT), has acquired the Morrisons-anchored Gorse Covert Shopping Centre, Loughborough in the UK for £16.8 mln (EUR 20 mln).
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PropertyEU Archive
Orco Germany sells Duisburg building for EUR 32m
Frankfurt-listed Orco Germany has announced the sale of Phase II of its H2 Office project in Duisburg for around EUR 32.5 mln. The latest appraised value for the asset was EUR 29 mln, the company said.
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PropertyEU Archive
AFI Development obtains new $74m loan
Russian property company AFI Development announced this week that it has obtained a five-year $74 mln (EUR 57 mln) project loan from Sberbank. The loan will be in Russian roubles and will be used to complete construction works at the Ozerkovskaya Embankment Project (Phase III), in line with the company's ...
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PropertyEU Archive
Pramerica sells assets in Paris and Rotterdam
Pramerica Real Estate International said on Monday that it has sold three properties in Paris and Rotterdam. The sales fall under Pramerica's management mandate for IVG to provide 'well-performing real estate assets for its institutional investors'.
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PropertyEU Archive
Sberbank to buy controlling stake in DB Development
Russian lender Sberbank has signed a preliminary agreement to acquire a 51% interest in DB Development, a joint venture of Deutsche Bank and the Austrian building and construction company Strabag.
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PropertyEU Archive
III-investments launches new funds for German investor
German fund manager iii-investments announced on Monday the launch of new real estate special funds for a German institutional investor with investment target Europe.
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PropertyEU Archive
Resolution acquires 50% of Bremen mall in EUR 130m jv
European opportunity fund manager Resolution Property has acquired a 50% stake in the Waterfront shopping centre in the German city of Bremen as part of a EUR 130 mln joint venture with LNC Property Group. The 70,000-m[sup]2[/sup] Waterfront development is a covered shopping and leisure centre within Bremen's harbour ...
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PropertyEU Archive
Morgan Stanley to reopen troubled P2 fund
Morgan Stanley will reopen its P2 Value real estate fund on 1 November, putting an end to a ban on redemptions that has been in place since the banking crisis erupted in the autumn of 2008.
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PropertyEU Archive
Skanska acquires housing project in Stockholm for EUR 20m
Swedish construction and development giant Skanska has acquired a housing project in Stockholm. The vendor of the Påsen 10 property in Hammarby sjöstad, Stockholm is Swedish listed property firm Fabege.
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PropertyEU Archive
Prupim lifts stake in Romford retail scheme to 50%
UK asset manager Prupim has completed the acquisition of a further 25% stake in the Brewery retail scheme in Romford from Henderson Global Investors.
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PropertyEU Archive
Vinci completes UK parking acquisition
France's Vinci Park has completed the acquisition of a 100% stake in the British Meteor Parking company from the Go-Ahead Group for an undisclosed amount. With this purchase, Vinci becomes the UK's fourth-largest parking operator, with a portfolio of 130,000 managed parking spaces and revenue of around £50 mln (EUR ...
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PropertyEU Archive
Vermeeren appointed director of Wereldhave Netherlands
Amsterdam-listed Wereldhave has announced that Hans Vermeeren is joining the firm as director of its operations in the Netherlands. Vermeeren worked from 2000 to 2010 for Unibail-Rodamco, the last three years as the director of Unibail-Rodamco Netherlands.
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PropertyEU Archive
Valad appoints John Vincent as portfolio manager in UK
Valad Europe, the pan-European real estate investment manager, has appointed John Vincent as portfolio manager, based in its London office. He takes responsibility on behalf of five of Valad's six UK Funds for a regional portfolio of commercial assets valued at over £150 mln (EUR 180 mln) and totalling 158,000 ...
