All Real Assets articles in Web Issue – Page 603
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PropertyEU Archive
Lisa Neubüser joins Invesco RE
Invesco Real Estate (IRE), the global cross-border property investment manager, has announced the appointment of Lisa Neubüser as an associate within its pan-European hotel fund management team.
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PropertyEU Archive
Pension funds buy into Westfield Stratford City for EUR 1bn
Pension giants APG of the Netherlands and the Canada Pension Plan Investment Board (CPPIB) have created a joint venture to acquire 50% of the retail component of Westfield Stratford City at the site of the 2012 London Olympics.
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PropertyEU Archive
Prologis leases 11,800m[sup]2[/sup] in Poland
Prologis Europe, the Denver-based distribution space specialist, has signed a fourth-quarter lease agreement in Poland for 11,800 m[sup]2[/sup]. An existing Prologis customer will occupy the space at Prologis Park Sochaczew Building Three in Sochaczew, Poland. Of the 11,800-m[sup]2[/sup] of space, 9,100 m[sup]2[/sup] was previously unleased. 'We are pleased to announce ...
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PropertyEU Archive
Hahn Group acquires retail park for EUR 20m
German real estate fund manager Hahn Group said that it has acquired a retail park in Schweinfurt, in the Lower Franconia region of Germany, for around EUR 20 mln. The purchase was made on behalf of Hahn Fcp-Fis retail property investment fund for institutional investors, which is managed jointly by ...
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PropertyEU Archive
Klepierre's Odysseum wins 2010 Mapic Award
Odysseum in the French city of Montpellier has been named best shopping centre at the 2010 Mapic Awards last week. The Odysseum scheme is a 50/50 joint venture between Klepierre and Icade and the largest shopping centre opened in France so far this year.
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PropertyEU Archive
Value-added funds to target Italian retail in 2011: C&W
The Italian retail market will see more activity next year from value-added investors, claims Stephen Screene, head of Capital Markets Group at Cushman & Wakefield in Milan.
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PropertyEU Archive
Dassault to launch EUR 26m capital increase
French SIIC Immobiliere Dassault is to carry out a EUR 26 mln capital increase to fund the acquisition of an office building at 127 avenue des Champs-Elysées in Paris. The company will issue roughly 1.7 million new shares at a price of EUR 15 per share. The subscription period runs ...
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PropertyEU Archive
Fornebu to sell Stavanger project for EUR 35m
Norwegian listed property company Fornebu Utvikling (FBU) has signed a preliminary term agreement for the sale of its Hinna Park project company in Stavanger for NOK 287 mln (EUR 35 mln).
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PropertyEU Archive
Gatehouse acquires IHG global HQ for EUR 37m
Gatehouse Bank has completed the acquisition of InterContinental Hotels Group´s global headquarters in Denham, Buckinghamshire in the UK for £32.5 mln (EUR 37 mln). The vendor was Tritax Property Fund.
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PropertyEU Archive
Pension scheme acquires Copenhagen office
Danish pension scheme PKA has acquired a combined office and retail project in central Copenhagen for about EUR 81 mln. The vendor is Sweden's NCC Property Development.
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PropertyEU Archive
Alpha seeks to strengthen TK Maxx partnership
Cologne-based Alpha Industrial is working on enlarging its partnership with discount retailer TK Maxx through a second major distribution centre project in Continental Europe. In October Alpha handed over a 45,000-m[sup]2[/sup] distribution centre to TK Maxx in Bergheim, Germany.
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PropertyEU Archive
Banimmo to build office property in Ghent
Belgian listed property company Banimmo has been selected for the construction of an office building for the Flemish Environment Agency (VMM) in Ghent.
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PropertyEU Archive
Redevco breaks ground for first project in China
Redevco Asia, co-owner of Wuhan Tiandi Riverview Plaza, has broken the ground for a new shopping centre in Jiang’an District in Wuhan with its partner Shui On Land. The complex will offer 109,000 m[sup]2[/sup] of retail space spread across more than 250 stores, and will also provide 1,900 parking spaces.
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PropertyEU Archive
London's West End remains most expensive office market: CBRE
London's West End continues to be the world's most expensive office market, according to CB Richard Ellis' semi-annual Global Office Rents survey. The CBRE rankings track occupancy costs for prime office space in 175 cities around the globe. Hong Kong's Central Business District (CBD) continued in second place and also ...
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PropertyEU Archive
Premier Inn recruits King Sturge for London expansion
The UKs largest budget hotel operator, Premier Inn, has appointed King Sturge as a retained agent for Greater London to assist in their strategy for growth to add to its existing portfolio of 48 hotels within the M25. King Sturge will join existing retained agent Cropper & Co.
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PropertyEU Archive
Reico's fund shops in Prague
The real estate investment arm of Czech bank Ceska Sporitelna has bought a mixed-use building on Prague's Wenceslas square for nearly one billion Czech koruna (EUR 41 mln). CS Real Estate Fund, which is managed by the bank's investment arm Reico, has purchased the building from an unnamed US-based private ...
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PropertyEU Archive
Nigel Roberts to leave JLL
Jones Lang LaSalle has confirmed that Nigel Roberts, director and chairman of EMEA Research, has decided to leave the firm after a career spanning nearly 30 years. Roberts intends to pursue client-side opportunities.
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PropertyEU Archive
Silic raises EUR 175m through bond issue
French business park specialist Silic has raised roughly EUR 175 mln through a six-year convertible bond issue undertaken to improve its financial structure and to help finance its development projects. The bonds, which are convertible in cash or shares, mature on January 1, 2017 and are structured as Ornane bonds, ...
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PropertyEU Archive
Atrium boosts Q3 results
Atrium European Real Estate booked a pre-tax profit of EUR 120.3 mln for the nine months to end-September compared with a loss of EUR 374.5 mln in the year-earlier period. The strong improvement reflected a 54.4% increase in net cash from operating activities to EUR 70.3 mln and a revaluation ...
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PropertyEU Archive
Hatfield Philips restructures EUR 481m of loans
Hatfield Philips, the independent primary and special servicer, has announced the restructuring of two loans totalling EUR 481 mln that make up part of Titan Europe 2006-2 mortgage-back security. The EUR 273.4 mln Margaux Portfolio Loan is secured on 526,586 m[sup]2[/sup] of predominantly residential properties across Germany; whilst the EUR ...
