All Real Assets articles in Web Issue – Page 573
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PropertyEU Archive
GTC sells EUR 79m of Polish assets to RREEF fund
CEE listed real estate developer Globe Trade Centre (GTC) has completed the sale of two prime office buildings in the Polish capital for a total of EUR 79 mln to a fund managed by German investment manager RREEF Investment.
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PropertyEU Archive
Financière Colbert to acquire 80% of Spain's Restaura
France's Financière Colbert is acquiring an 80% interest in the Spanish real estate developer and investment management company Restaura from its founder, the Solano family.
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PropertyEU Archive
Dassault acquires Paris property for EUR 90m
French listed property company Immobiliere Dassault said it is buying a prime office building located at the corner of Champs Elysées and Rue Vernet in Paris for a total of EUR 90 mln, excluding taxes. The acquisition price reflects a yield of roughly 4%.
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PropertyEU Archive
Accor sells two hotels in Lille and Strasbourg
French hotel group Accor has disposed of a further two hotel properties in France with the sale of the Novotel Lille Englois and the Novotel Strasbourg Sud. The buyer is an undisclosed company of recent creation which has just completed a number of acquisitions in France. The companies agreed not ...
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PropertyEU Archive
Nick Cooper to chair new Aref investment committee
The Association of Real Estate Funds (Aref) in the UK announced on Monday that Nick Cooper is to chair a newly created investor committee. Cooper resigned as CEO of ING Real Estate Select last year and is now a principal at the Townsend Group.
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PropertyEU Archive
Corio included in the DJSI and ASPI
Amsterdam-listed retail property specialist Corio has announced it has been selected as an index component on a global level for the Dow Jones Sustainability Index (DJSI) and will be integrated in the ASPI Eurozone index (ASPI), in accordance with the ASPI Eurozone guidelines.
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PropertyEU Archive
Irish sell EU office in Brussels to developer
International real estate adviser Savills has completed the sale of the former offices of the Irish Permanent Representation to the European Union in the Leopold District of Brussels on behalf of the Irish Government for an undisclosed sum to Belgian developer Cobelfroi.
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PropertyEU Archive
Senior managers take control of Merrill Lynch's European funds
New private equity real estate firm Peakside Capital has acquired management control of Merrill Lynch's key European property funds and portfolio of assets.
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PropertyEU Archive
Echo to sell Athina Park in Warsaw for EUR 32m
Polish real estate company Echo Investments has entered into an agreement to sell its Athina Park office complex in Warsaw for PLN 126 mln (EUR 32 mln).
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PropertyEU Archive
Wolbern spends EUR 45m in the Netherlands
Hamburg-based fund manager Wölbern Invest has acquired two office development projects in the Netherlands for a total of EUR 45 mln, to be paid on completion of the properties in 2011.
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PropertyEU Archive
Carlyle in running to buy Simon's stake in 47 Italian malls
Global private equity group Carlyle has made an offer for a 49% interest in an Italian retail joint venture currently held by US-based retail specialist Simon Property Group, well-informed market sources have told PropertyEU.
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PropertyEU Archive
Invesco RE completes purchase of 5th hotel
Invesco Real Estate (IRE), the international cross-border property investment manager, announced on Tuesday that it has concluded the acquisition of the Novotel City Centre hotel in Munich, Germany. The investment volume in an off-market deal came to EUR 39 mln, with financing provided by Bayern LB.
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PropertyEU Archive
Cordea Savills appoints Mikael Wilhelmsson as asset manager
Cordea Savills, the international property fund manager, has appointed Mikael Wilhelmsson as asset manager for its Nordic Retail Fund. He will report to Hakan Blixt, director of investment, and will be based in Cordea Savills' Stockholm office.
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PropertyEU Archive
Monthly capital appreciation in UK slows to six-year low
Capital appreciation in UK commercial property markets eased in August to the shallowest monthly growth, at 0.1%, since the rebound began last summer, according to the IPD UK Monthly Index.
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PropertyEU Archive
INREV identifies barriers to sustainability progress
Sustainability is becoming an increasingly important factor in non-listed real estate investment decisions , but there are still considerable barriers to progress, according to a new report published by INREV. The Sustainability Report highlights key areas such as education and industry-standard metrics that need to be improved as well as ...
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PropertyEU Archive
Upturn in demand in EMEA office markets: JLL
Jones Lang LaSalle's Q3 EMEA Occupier Conditions research suggests that markets across EMEA are witnessing significant upturns in demand as occupiers seek to transact whilst market conditions are favourable.
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PropertyEU Archive
Prologis sees improvement in industrial sector
Investment flows into Europe's logistics property markets increased sharply during the first half of 2010, albeit with little impact on yields, according to a new report published by distribution facility specialist Prologis.
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PropertyEU Archive
IC Real Estate merger to create EUR 10b platform
Munich-based IC Real Estate Group has merged with PropertyOne, the asset and property manager with an international clientele. The company is in charge of a commercial property portfolio located throughout Germany which is jointly owned by Cerberus. The financial basis of the merger is an in-kind investment in return for ...
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PropertyEU Archive
Castellum sells two properties for EUR 17m
Swedish real estate firm Castellum has announced that a wholly owned subsidiary has sold a 6,900-m[sup]2[/sup] property with hotel operations in central Örebro, Sweden. The underlying proeprty valuation of SEK 102 mln (EUR 11 mln) exceeds the latest valuation at end-June this year by 4%.
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PropertyEU Archive
NAMI-AEW Europe buys Eiffage HQ for EUR 29m
Two French Investment funds, SCPI Laffitte Pierre and Fructirégions, managed by NAMI-AEW Europe, have acquired a nine-storey office building in Asnières-sur-Seine, northwestern Paris from Union Investment for EUR 28.6 mln. The property is the headquarters of construction group Eiffage.
