All Real Assets articles in Web Issue – Page 576
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PropertyEU Archive
Icade agrees on La Lucette merger
French listed property company Icade said that it has agreed to merge with its commercial real estate unit, Compagnie La Lucette. 'The respective boards of directors of Icade and its 99.78% owned subsidiary approved the terms of the merger of Compagnie la Lucette into Icade,' Icade said in a statement.
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PropertyEU Archive
Natixis in talks to buy property lender
French mortgage lender Credit Foncier de France and French mutual banking giant BPCE's Banque Palatine said that they have entered into exclusive talks to sell their jointly-owned subsidiary Cicobail to Natixis, BPCE's investment and financial services arm.
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PropertyEU Archive
Retail operators go east: Jones Lang LaSalle
The increasing saturation of retail space in Western Europe provides a strong incentive for retailers and investors to expand into Eastern markets, particularly India and China which have unconsolidated local retail markets but growing consumer populations. That is one of the key conclusions of part seven of Jones Lang LaSalle's ...
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PropertyEU Archive
JP Morgan seeks European expansion
JP Morgan Asset Management has announced the opening of two new European offices in Paris and Frankfurt. The expansion move is aimed at identifying new commercial real estate opportunities as well as managing the company's existing assets in France and Germany.
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PropertyEU Archive
Westimmo sale unaffected by merger talks
Dusseldorf-based banking group WestLB has said that the opening of merger talks with BayernLB will not influence ongoing discussions about the sale of WestLB's dedicated real estate lending unit Westimmo.
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PropertyEU Archive
Pirelli RE sells slice of Milan redevelopment project
Italy's Pirelli Real Estate has sold its stake in the Bicocca major redevelopment project to the real estate holding company of businessman Edoardo Caltagirone, for over EUR 60 mln. The Progetti Residenza project, part of a major regeneration in the northern part of Milan, was held in a 65/35 partnership ...
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PropertyEU Archive
Morgan Stanley's P2 fund sells 4 properties for EUR 180m
Morgan Stanley's P2 fund has sold four properties for EUR 180 mln, thereby boosting the fund's liquidity before it lifts the ban on redemptions at the beginning of November.
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PropertyEU Archive
ING REIM exchanges on EUR 195m retail hat trick in UK
ING Real Estate Investment Management said that it has acquired £167 mln (EUR 195 mln) of UK retail assets in three separate transactions on behalf of its client, the West Midlands Metropolitan Authorities Pension Fund.
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PropertyEU Archive
HSBC sells Nottingham retail park for EUR 66m
The Specialist Investments unit of HSBC bank has sold Victoria Retail Park in Nottingham, UK to The Crown Estate for £57 mln (EUR 66 mln). The investment volume represents a net initial yield of 5.45%.
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PropertyEU Archive
Alstria carries out capital increase as it eyes opportunities
Alstria office REIT announced on Wednesday that it successfully placed 5.6 million shares with qualified investors as part of an accelerated bookbuilding process. The company increased its nominal share capital from EUR 56 mln to just under EUR 61.6 mln , having partially used its authorized capital and excluded the ...
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PropertyEU Archive
Matthew Howard to head CBRE's specialist retail AM team
Matthew Howard has joined CB Richard Ellis to lead the property advisor's new specialist retail asset management team in the UK.
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PropertyEU Archive
Bagnolifutura puts Naples mixed-use project up for sale
Italian publicly-held company Bagnolifutura is seeking investors for a large commercial real estate development project in Bagnoli, in the western districts of Naples. The company, which is headed by Mario Huebler, said it plans to sell the development site through a public bidding process with a starting price of EUR ...
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PropertyEU Archive
WP Carey names Trevor Bond as CEO
WP Carey, the global investment firm that specialises in corporate sale-and-leaseback and build-to-suit financing, has appointed Trevor Bond as CEO.
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PropertyEU Archive
Club Med sells ski resort near Turin
French resort corporation Club Méditerranée has announced the sale of its three-Tridents ski resort in Sestriere, in northern Italy for an undisclosed amount. The disposal is part of the group's strategy of moving its Italian resorts upmarket, initiated last week with the launch of the five-Tridents project for the Cefalu ...
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PropertyEU Archive
Former Merrill Lynch team focuses on UK, France
Peakside Capital, launched by the principals of the former Merrill Lynch real estate investment team, is setting its sights on UK and France after a long period of absence from these markets due to pricing concerns.
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PropertyEU Archive
Soffin to move EUR 191b of Hypo assets to bad bank
German bank stabilisation fund Soffin has announced that it is to move EUR 191 bn of risky and non-strategic assets from nationalised real estate banking group Hypo Real Estate to a bad bank.
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PropertyEU Archive
Beos launches EUR 400m corporate fund
Berlin-based investor Beos said that it has raised a total of EUR 175 mln in equity for its newly launched Beos Corporate Real Estate Fund I. The vehicle has a target volume of EUR 400 mln, including debt.
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PropertyEU Archive
HIH acquires Frankfurt office for Warburg fund
German investment company Hamburgische Immobilienhandlung (HIH) has bought the Oper 46 property in Frankfurt. The 7,500 m[sup]2[/sup] office and retail property is to be contributed to the open-ended institutional fund Warburg-Henderson Deutschland Fonds Plus.
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PropertyEU Archive
Pension fund makes major acquisition in Stockholm
Swedish pension group AMF has purchased the CityCronan mixed-use complex in Stockholm's central business district (CBD) from Deka Immobilien. The price was not disclosed but it is believed to be in the region of EUR 300 mln.
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PropertyEU Archive
Latin America, Asia-Pacific lead retail rental growth: C&W
Most of the world’s top retail locations have remained resilient during the last 12 months, with Latin America and Asia-Pacific showing the most positive rental growth, according to Cushman & Wakefield.
