All Real Assets articles in Web Issue – Page 590
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PropertyEU Archive
Former WP Carey execs launch sale-and-leaseback specialist
Former executives of New York-based WP Carey have announced the launch of a new firm, Northcliffe Asset Management, to invest in the growing global market for real estate sale-leaseback investments.
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PropertyEU Archive
ECE opens Europa-Galerie Saarbrücken
German inner-city mall specialist ECE opens the 25,000-m[sup]2[/sup] Europa-Galerie Saarbrücken on Thursday. The shopping centre features 110 specialist stores, cafés, restaurants and service outlets over three levels.
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PropertyEU Archive
Norwegian sells Norgani hotels in EUR 1bn deal
Norwegian Property has concluded an unconditional agreement to sell the Nordic hotel group Norgani for about NOK 8.3 bn (EUR 1 bn). The buyer is Sech Holding, a company jointly owned and controlled by Swedish hotel company Pandox and Heches Holding, which is controlled by Eiendomsspar and the Sundt family.
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PropertyEU Archive
German funds step up disposals in year to end-June 2010: BVI
Germany's open-ended property investment funds (GOEFs) sold 105 assets in the 12 months to end-June, more than double the 48 disposals recorded in the year-earlier period, according to new figures from fund industry body BVI. A significant portion of the disposals were in Germany, where 65 properties were sold for ...
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PropertyEU Archive
SFL in exclusive talks to buy 30% stake in SIIC de Paris
SIIC de Paris, the French property arm of Spanish group Realia, said on Thursday that it is 'in exclusive negotiations' with Société Foncière Lyonnaise (SFL) to sell a 30% stake in the company before the end of the year. As part of the operation, Inmobiliaria Colonial's French subsidiary SFL plans ...
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PropertyEU Archive
UBS RE sells in The Hague for EUR 98m
The German asset management unit of Swiss banking group UBS said on Thursday that it has divested two office buildings to fund manager Real I.S. for a total of EUR 98 mln. The company is selling two of the three office buildings within the Beatrixpark office complex. They offer 27,500 ...
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PropertyEU Archive
Orpea buys into French and Belgian nursing home markets
French nursing home operator Orpea has signed an agreement to acquire the entirety of the Mediter Group in France as well as a 49% stake in the Medibelge Group in Belgium, representing a total of 4,866 beds on 57 sites, including 3,810 beds in France and 1,056 beds in Belgium. ...
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PropertyEU Archive
Immofinanz sells Valdek office building in Prague
Immofinanz has sold the Valdek office building in Prague to a Danish investor. The sale price was kept confidential but the parties said it exceeded the book value determined by external appraisals. The sale forms part of the optimisation of Immofinanz's property portfolio,
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PropertyEU Archive
Return of pre-lets stimulates Central London take-up: CBRE
The Central London office market saw take-up levels rise well above trend in the third quarter of 2010, according to a new research report from CB Richard Ellis. The market saw the return of large pre-letting deals, which boosted take-up to 325,000 m2, 27% above the previous quarter, and an ...
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PropertyEU Archive
Colliers-UFG mulls new office in Lille
Colliers International's French arm, Colliers-UFG PM is considering opening a new office in Lille to expand its reach in the French property services market.
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PropertyEU Archive
Investment market making up for lost time: C&W
European real estate trading volumes hit EUR 23.3 bn in Q3, 12.5% down on the second quarter, according to Cushman & Wakefield. The property adviser said in a new report that better sentiment and a modest improvement in property and debt availability should support stronger activity in the coming months, ...
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PropertyEU Archive
Gazeley re-starts speculative development in Germany
Global logistics property developer Gazeley has launched the construction of a new 20,000 m[sup]2[/sup] logistics property on a 4-hectare site in Kandel, near Karlsruhe in south-western Germany. In a statement this week, the company said that the development is the first speculative project carried out since the onset of the ...
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PropertyEU Archive
P3 increases AUM to 1.5 million m2
PointPark Properties (P3), a pan-European developer and asset manager of modern logistics parks, has been appointed asset manager for the Crescent Euro Industrial II (CEI II) fund. The fund is majority owned by Arcapita.
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PropertyEU Archive
Aberdeen to liquidate EUR 1.3b Degi Europa fund
Aberdeen Asset Management is to liquidate its EUR 1.3 bn Degi Europa fund. The German open-ended real estate fund has been closed to redemptions for two years and was legally required to reopen by end-October or wind up.
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PropertyEU Archive
LaSalle completes EUR 125m hat-trick of sales in Eastern Paris
LaSalle Investment Management has announced the sale of its third property in the Eastern Paris suburbs since the start of the year on behalf of the LaSalle French Fund II, bringing the total value of the three sales to around EUR 125 mln.
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PropertyEU Archive
Perial agrees EUR 17m sale-and-leaseback deal in Paris
French asset manager Perial has acquired a portfolio of 10 office properties in the Parisian region in a sale-and-leaseback with industrial clothing group Régie Linge Diffusion (RLD). The transaction volume comes to EUR 17 mln.
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PropertyEU Archive
Austrian partners secure financing for Airportcity St Petersburg
Oao Avielen, a joint venture of the Austrian real estate investors Warimpex, CA Immo and UBM, have signed a EUR 60 mln loan agreement with a Polish bank consortium, securing the completion of a Crowne Plaza hotel and modern office buildings at Airportcity in St Petersburg.
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PropertyEU Archive
Hansteen makes three board appointments
Hansteen, a UK REIT investor in UK and continental European real estate, has announced three new appointments to its board. Richard Cotton and Humphrey Price have been named as non-executive directors, while Richard Lowes has been appointed finance director.
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PropertyEU Archive
C&W appoints Stinson as MD Capital Markets Asia
Cushman & Wakefield has announced that John Stinson has joined the firm as managing director for capital markets across the Asia Pacific region. Stinson was previously the Asia Pacific regional director for investments and Capital Markets with DTZ, where he held overall regional responsibility for both direct and indirect investment ...
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PropertyEU Archive
Office market shows strongest rental growth in UK: CBRE
Prime occupier markets across the UK’s commercial real estate landscape began to show improvements during the third quarter (Q3) of 2010 as rental values firmed up in many regions, according to CB Richard Ellis’ latest UK Prime Rent and Yield Monitor. This upturn was countered, however, by weaker investor sentiment ...
