All Real Assets articles in Web Issue – Page 581
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PropertyEU Archive
Youniq to invest EUR 19m in Frankfurt student housing
German student accommodation specialist Youniq said on Monday it has acquired a 5,330 m[sup]2[/sup] metre plot of land in Frankfurt’s Riedberg district where it plans invest EUR 19 mln to develop 230 student apartments.
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PropertyEU Archive
Tag takes over EUR 2.2 bn property manager
Hamburg-based Tag Immobilien has taken over HSH Real Estate's 49% shareholding in their Larus Asset Management joint venture. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Behringer Harvard in $200m German fundraising
Dallas-based fund manager Behringer Harvard is seeking to raise over $200 mln (EUR 145 mln) of equity from German institutional investors for a new fund targeting multi-family residential properties in the US. ‘
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PropertyEU Archive
Eurohypo disposes of EUR 200 mln portfolio in Finland
Eurohypo has disposed of a EUR 200 mln portfolio of Finnish real estate loans, the German lender announced on the first day of EXPO REAL The portfolio was acquired by Nordic bank Nordea in Helsinki.
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PropertyEU Archive
German investment volumes set to double in 2010
German commercial real estate investment volumes are expected to double in size this year, reaching as much as EUR 20 bn by the end of 2010, according to Oliver Obert, managing director of BNP Paribas Real Estate Germany. ‘It is going to be the third best year in history after ...
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PropertyEU Archive
AEW, Tristan fund in German EUR250-300m residential JV
EPISO, an opportunistic investment fund co-advised by AEW Europe and Tristan Capital Partners, has formed a joint venture with caleus capital investors (CCI) and plans to invest EUR 250-300m over the next 12-18 months. Investment will focus on value-added residential properties, primarily in Berlin through its joint venture vehicle, EPISO ...
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PropertyEU Archive
Atenor makes EUR31mln Westland shopping centre bid
Brussels-listed property group Atenor said on Monday it plans to makes a EUR 31mln public bid on all,429 Westland Shopping Center 1980 real estate certificates issued by Le Certificat Foncier. The Offer represents a premium of 11.48% on the last stock price, of 30 September, and of 15.26 % on ...
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PropertyEU Archive
Internos secures EUR 37.5m loan for German retail fund
Fund manager Internos Real Investors said on Monday it has secured a new EUR 37.5 mln loan facility with German real estate bank Berlin-Hannoversche Hypothekenbank for its German Retail Partnership Fund (GRP) and subsequently acquired a retail park in Northern Bavaria on behalf of GRP for EUR 8.8 mln.
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PropertyEU Archive
Redevco buys EUR 44mln Budapest retail property from ING RE
Redevco said on Monday it had acquired a 6,250 m[sup]2[/sup] prime retail property in the heart of Budapest’s city centre from ING Real Estate Development for EUR 44mln. The property is located at 1 Vörösmarty Square, Budapest’s main square in the city’s prime retail district.
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PropertyEU Archive
DFH fund buys Stuttgart offices for EUR 48m
Germany's Deutsche Fonds Holding (DFH) has acquired a portfolio consisting of three office properties and a residential building in the city centre of Stuttgart for just over EUR 48 mln. The acquisitions were carried out on behalf of the group's closed-end DFH Immobilienfonds Börse/Landesjustizzentrum Stuttgart fund.
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PropertyEU Archive
Sonae Sierra: nearly 50% German shopping centres need revamp
No less than 48% of all German shopping centres are in need of revitalisation, according to a survey by Portuguese shopping centre specialist Sonae Sierra and German market research firm GMA. The joint survey ‘Shopping centre revitalisations in Germany’ looked at a total of 414 centres in Germany and found ...
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PropertyEU Archive
Benson Elliot, Eurohypo in EUR 70m hotel refinancing deal
Property investor Benson Elliot Capital Management said on Monday it had agreed with German property bank Eurohypo on the refinancing of the Deutsch-Japanisches Center in Duesseldorf, incorporating the 5-star Nikko Hotel, almost two years ahead of its scheduled maturity. Benson Elliot said the EUR 70 mln transaction represents one ...
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PropertyEU Archive
ECE, Sparkassen get EUR 70m loan for Sofia centre
German property firms Spaarkassen Immobilien and ECE Projektmanagement said on Monday that they had agreed a 10-year EUR 70 mln loan with Bank Austria for the Serdika shopping centre in the Bulgarian capital Sofia. The investment volume for the centre amounted to around EUR 160 mln, 65% of which was ...
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PropertyEU Archive
Allianz eyes more discounter deals in France and Italy
German insurer Allianz is keen to expand in the retail discounter market, CEO Olivier Piani told PropertyEU on the first day of EXPO REAL in Munich. ‘It was our goal to expand in German retail,’ he said, referring to Allianz’ recent purchase of 80 retail assets from Aldi Sud for ...
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PropertyEU Archive
Alstria wins Atos Origin Hamburg office lease
German REIT Alstria Office said on Monday it had agreed a long-term lease with IT firm Atos Origin for around 4,000 m[sup]2[/sup] of office space in the Mundsburg Tower in Hamburg. The lease will start in January 2013, following the full refurbishment of the asset, Alstria said. Atos Origin will ...
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PropertyEU Archive
BAI launches Phase II of Vienna's Forum Schonbrunn
Italcommerz Projektentwicklungs, a subsidiary of the Vienna-based construction company Bauträger Austria Immobilien (BAI), has started construction on the second phase of the landmark Forum Schönbrunn complex in the Austrian capital.
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PropertyEU Archive
Barcelona popular with investors: city council chief
Barcelona is popular with foreign investors despite the economic crisis, Mateu Hernandéz, CEO of Barcelona City Council Economic Promotion, said in an interview with PropertyEU at EXPO REAL. The best example of this is the recent purchase by Deka of a large office building in the financial heart of the ...
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PropertyEU Archive
Gulf between winners and losers grows: RICS survey
The gulf between commercial property market winners and losers is growing. There is an increasing preference for the emerging markets of Asia and Latin America. In Europe, Germany is in a positive position, according to a preview of the RICS' Global Commercial Property Survey which will be published at ...
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PropertyEU Archive
Pirelli moves Hamburg HQ to Blankenese
Property investor Pirelli Real Estate said on Monday it has moved its German headquarters from Hamburg’s City Nord to Blankenese, a suburb of Hamburg. The 110 staff have now moved into a 2,800 m[sup]2[/sup] office at Erik Blumfeld Platz in the new ‘Blankenese Bahnhofsplatz’ urban quarter. 'After we developed the ...
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PropertyEU Archive
London dominates global property market - CBRE
London accounted for 27% of all cross-regional investment transactions during 2009 and the first half of 2010, according to new research by property broker CB Richard Ellis. The new study explores the degree to which investors making direct commercial real estate investments outside their domestic markets gravitate towards the largest, ...
