All Real Assets articles in Web Issue – Page 598
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PropertyEU Archive
Hammerson submits application for major City scheme
UK REIT Hammerson has submitted a detailed application to the City of London for its office-led scheme London Wall Place, formerly known as the St Alphage site. The company expects to receive a response by Summer 2011. Under the plan, the existing podium and 1950s tower will be replaced by ...
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PropertyEU Archive
DIC Asset places first real estate fund
Frankfurt-listed DIC Asset has announced it raised more than 75% of the EUR 117 mln targeted for its DIC Office Balance I fund by end-September. Subscribers included institutional investors, predominantly pension funds, foundations, insurance companies and family offices, the company said at the announcement of its Q3 earnings this week.
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PropertyEU Archive
Union, SEB branch out to Glasgow offices
German real estate fund managers Union Investment and SEB both announced acquisitions of office properties in Glasgow this week.
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PropertyEU Archive
Sonae Sierra explores emerging markets
Portuguese developer Sonae Sierra is looking to expand in a number of emerging markets in the Mediterranean basin, South America and Asia. ‘We want to continue our international growth, and therefore we need to be more aggressive in the search for opportunities in emerging markets,’ CEO Ferando Guedes de Oliveira ...
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PropertyEU Archive
Futureal Group opens first shopping in Romania
Hungarian investor-developer Futureal Group has announced the opening of Gold Plaza Baia Mare, the first modern shopping and entertainment center in the North Western Romania. Gold Plaza is a joint development undertaken by Futureal and Austrian listed company Immofinanz.
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PropertyEU Archive
FdR's revenues up 1.2% so far this year
French office-focused real estate group Fonciere des Regions (FdR) has seen its rental revenues rise by 1.2% on a like-for-like basis to over EUR 391 mln in the first three quarters of the year. Letting activity in the past quarter was 'sustained', with a number of new leases being signed, ...
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PropertyEU Archive
FPF plans EUR 100m bond issue to finance SNI deal
French SIIC Foncière Paris France (FPF) said that it is planning to issue EUR 100 mln in bonds in a bid to finance the acquisition of the commercial property arm of Société Nationale Immobilière (SNI), a unit of Caisse des dépôts et consignations.
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PropertyEU Archive
Signa buys German stock exchange HQ for EUR 230m
Düsseldorf-based Signa Property Funds has acquired the new headquarters of the German stock exchange in Eschborn near Frankfurt for approximately EUR 230 mln.
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PropertyEU Archive
Sonae Sierra boosts earnings in Q3
Portuguese shopping centre specialist Sonae Sierra saw net profit surge 116% to EUR 14.9 mln in Q3 2010 compared to the same period last year. The increase was mainly driven by a 42% rise in direct results following additions to the portfolio. These included LOOP5 in Germany and Manauara Shopping
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PropertyEU Archive
Corio's Bursa Anatolium opens with 90% occupancy rate
The Bursa Anatolium Shopping Center in Turkey, which is fully-owned by Dutch listed retail specialist Corio, opened this month with a 90% occupancy rate, according to a press release issued by the developer Maya. Corio acquired the 84,000 m[sup]2[/sup] mall in July for EUR 176 mln.
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PropertyEU Archive
Salans acted for RREEF in Polish acquisition
International law firm Salans has provided legal advice to German fund manager RREEF in relation to the recent acquisition of two office buildings in Warsaw. RREEF bought the Class A office buildings, Topaz and Nefryt, in the Mokotów district of Warsaw for EUR 80 mln.
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PropertyEU Archive
Fimit-First Atlantic merger deal to close by year-end
Merger talks between Italy's second largest real estate fund manager Fondi Immobiliari Italiani (Fimit) and peer First Atlantic Real Estate are progressing well, with the final agreement expected to be signed in the near future, First Atlantic Real Estate's CEO Daniel Buaron told PropertyEU this week.
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PropertyEU Archive
Real IS buys Rotterdam tower
German fund manager Real IS has bought the Toren op Zuid tower in Rotterdam. The financial details were not disclosed. The vendor was Commerz Real Investment.
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PropertyEU Archive
Federal states call for change of CEO at HSH Nordbank
The HSH Nordbank saga took another turn this week when the state governments for Hamburg and Schleswig-Holstein asked Hilmar Kopper, chairman of the supervisory board at the troubled Landesbank, to dismiss CEO Dirk Jens Nonnenmacher and to appoint a new chairman of the management board.
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PropertyEU Archive
Private equity players gain ground as retail investors
Private equity players have moved up the ranking of top retail investors in 2010 compiled by PropertyEU. While listed real estate companies and institutional investors have dominated the top retail deals in Europe since the outbreak of the financial crisis, this year investors representing wealthy families such as the Olayan ...
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PropertyEU Archive
Aerium launches EUR 100m French retail fund
Aerium, a pan-European real estate fund management group, has announced the launch of Aerium Vendome I Fund to invest in prime retail real estate opportunities in France. Aerium is aiming to raise equity of EUR 50-60 mln for the vehicle which, with gearing, will provide it with some EUR 100-120 ...
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PropertyEU Archive
Apollo acquires EUR 2.2b CPI platform
New York-based Apollo Global Real Estate Management (AGRE) has completed the acquisition of Citi Property Investors (CPI), Citigroup's real estate investment management arm.
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PropertyEU Archive
IVG sees 'normalised' year in 2011
IVG Immobilien, Germany's largest listed commercial real estate company, reported a consolidated net profit of EUR 18.3 mln in the third quarter compared to a loss of EUR 2.2 mln in the year-earlier period. Revenue was down, however, at EUR 136 mln from EUR 144.7 mln a year ago.
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PropertyEU Archive
HIH buys Stuttgart building for EUR 34m
German asset manager Hamburgische Immobilien Handlung (HIH) has acquired the Humboldt-Carré office building in Leinfelden-Echterdingen, in the Stuttgart region of Germany for EUR 34 mln. The acquisition is earmarked for a special fund issued by Warburg-Henderson.
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PropertyEU Archive
Insurance firms to revise RE allocation, survey finds
Some 75% of European insurance companies will revise their real estate commitments due to the Solvency II directive, according to the findings of a survey conducted by fund tracking firm Preqin.
