All Real Assets articles in Web Issue – Page 60
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PropertyEU Archive
Rynda acquires office in Lille
Real estate investment company Rynda Property Investors has acquired a multi-let office in Lille, northern France, from a French subsidiary of Quintain Estates and Development for EUR 19.7 mln. The property was purchased on behalf of Rynda's French fund Rynda en Primeur and is almost fully let, Rynda said.
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PropertyEU Archive
GTC expands further in Croatia
Polish developer Global Trade Centre (GTC) is expanding its Croatian portfolio with the purchase of a 12,000 m[sup]2[/sup] plot of land in the capital city of Zagreb to build a 24,000 m[sup]2[/sup] modern office and shopping complex. The investment value comes to EUR 42 mln.
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PropertyEU Archive
IVG to develop offices in Glasgow
IVG's subsidiary Asticus Real estate is to develop two office buildings with a total area of 22,000 m[sup]2[/sup] in Glasgow, Scotland's largest city. The project is to be developed in partnership with the Scottish commercial property company Ediston Properties and will involve an investment of about EUR 110 mln. Completion ...
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PropertyEU Archive
Hilton unveils major European expansion plan
Hilton Hotels Corporation (HHC) plans to open 1,000 new hotels in Europe over the next decade. The move is line with its major expansion plan which is expected to add some 2,000 new hotels worldwide, HHC's Tom Keltner told delegates at the International Hotel Investment Forum in Berlin. Hilton will ...
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PropertyEU Archive
Hypo RE signals German expansion
Hypo Real Estate Holdings intends to increase its business portfolio considerably to become Germany's major specialist for large-volume financing, ceo Georg Funke told German daily Handelsblatt. He said the real estate financing group will expand its infrastructure and asset-based financing, as well as its asset management and securitisation operations. Funke ...
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PropertyEU Archive
Spazio's net profit comes to EUR 101m
Spazio Investment, a Netherlands-based investment company targeting Italian industrial real estate assets, said its net profit reached EUR 101.8 mln during its first year as a publicly-listed company. 'The company is planning a strong acquisition programme in 2007 focusing on northern Italy,' Spazio's chairman John Duggan said Wednesday during a ...
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PropertyEU Archive
Continental Europe to 'perform strongly' in 2007
Continental Europe is expected to perform strongly in 2007, according to the most recent 'Global Vision' report issued by ING Real Estate. Significant improvements in Continental Europe's real estate investment climate are forecast as a result of a recovering economy and healthy real estate market fundamentals.
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PropertyEU Archive
LST snaps up 285 Royal Mail assets
Land Securities Trillium (LST) has purchased a portfolio of 285 properties from postal authority Royal Mail for around £70 mln (EUR 103 mln). A total of 108 leasehold properties are vacant and LST will refurbish them with a view to securing new occupiers. The remaining 177 freehold properties will be ...
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PropertyEU Archive
Peel unveils £5.5 bn regeneration plan
UK-based property and transport company Peel has unveiled plans for a £5.5 bn regeneration plan in Liverpool, north-west England. The development will comprise almost two million m[sup]2[/sup] and include the creation of over 50 mixed-use buildings, many of which will have more than 50 storeys. The buildings will be self-sufficient ...
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PropertyEU Archive
CGG acquires Lisbon development
Germany's Commerz Grundbesitz Group (CGG) has acquired the Montijo Retail Park development located in the Montijo quarter of Lisbon through its open-ended property fund hausInvest europa. The transaction value comes to about EUR 30 mln. The Montijo project will cover 17,700 m[sup]2[/sup] of retail space with 350 aboveground and 450 ...
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PropertyEU Archive
Deutsche Bank to finance Hotel Moskva renovation
Deutsche Bank will finance the reconstruction of the Hotel Moskva in the Russian capital, providing some $600 mln to the hotel's owner Dekmos, Deutsche Bank's vice-president Olga Podoinitsyna said Tuesday in a statement.
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PropertyEU Archive
Grosvenor buys French commercial portfolio
Grosvenor has acquired a portfolio of 10 commercial properties across France for EUR 24 mln. The assets, covering a total area of 11,000 m2, include six premises with 5,800 m[sup]2[/sup] in Metz, northeastern France, a 1,000 m[sup]2[/sup] building in Chartres and an additional 1,600 m[sup]2[/sup] premise in Morez, eastern France. ...
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PropertyEU Archive
CBRE fund buys Paris office portfolio
CB Richard Ellis Strategic Partners Europe Fund II has acquired four office buildings in Romainville, a northeast suburb of Paris, from a fund managed by Westbrook. The financial details were not disclosed.
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PropertyEU Archive
Chamartin to develop German malls
Spain's Chamartin plans to step up its presence in Germany with the development of shopping malls under the Dolce Vita brand. The construction company told PropertyEU it is seeking new opportunities in the German market, where it currently has 20 projects located mainly in Berlin. In addition, Chamartin said it ...
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PropertyEU Archive
Fitzwilliam Securities in Dublin's largest single deal
Barry Lyons and Graham Kerry, partners in Dublin law firm Lyon Kerry, have snapped up 3,500 properties in Dublin in a deal said by market experts to be the largest single transfer of property in the Irish capital in the last 25 years. The portfolio, valued at some EUR 400 ...
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PropertyEU Archive
DTZ launches European property fund of funds
DTZ Investment Management is launching a European property fund of funds targeting real estate value-added strategies in core and emerging pan-European markets. Aurora Europe Property Fund will aim to deliver an annual net return to investors of 8%-10%.
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PropertyEU Archive
Mirax set for major expansion in Russia
Russia's Mirax Group aims to become the country's leading vendor of offices and business and luxury apartments by 2010, Mirax's chairman Andrei Kletsko told delegates at the Euromoney Conference in London. Kletsko said Mirax, which issued credit notes worth $100 mln last February, plans to create a real estate fund ...
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PropertyEU Archive
D2 Private mulls £1bn fund's flotation
D2 Private, an investor in London's property market, is said to be considering a flotation of a new £1 bn (EUR 1.47 bn) fund. The investor is currently in talks with potential advisers to launch a real estate fund which could either be private or listed as a Real Estate ...
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PropertyEU Archive
Brinova buys 12% of Fabege
Sweden's property company Brinova Fastigheter has increased its stake in Fabege through the purchase of 2,250,000 shares from Investment Oresund. Brinova controls now 12.3% of Fabege.
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PropertyEU Archive
Hammerson buys retail park for EUR 177m
Hammerson has acquired Ravenhead Retail Park in St. Helens, north-western UK, for £120.6 mln (EUR 177 mln) including costs. Hammerson is paying the private investors who own the retail park with 5 million new shares at £15.76 each and by assuming £36.6 mln in debt and other liabilities. The sale ...
