All Real Assets articles in Web Issue – Page 605
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PropertyEU Archive
EPF warns on OTC Derivatives legislation
European Union legislation on OTC Derivatives will lead to serious property and debt market instability, the European Property Federation has warned. In its input to European Parliament Rapporteur Werner Langen on the European Commission's proposed Regulation on OTC Derivatives, EPF pointed out that specific and precise modifications and clarifications are ...
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PropertyEU Archive
CSC goes ahead with EUR 1.9bn mall deal despite Simon objection
UK listed Capital Shopping Centres Group (CSC) is proceeding with the largest ever single asset shopping centre acquisition in the UK despite objections from Simon Property Group, a shareholder and potential bidder for CSC.
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PropertyEU Archive
CBRE welcomes Irish plan to retain 12.5% corporate tax
Property consultant CB Richard Ellis has welcomed confirmation from the Irish government in their four-year financial plan that the 12.5% corporation tax rate is to be maintained.
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PropertyEU Archive
Gecina acquires EUR 440m worth of offices
French REIT Gecina has sealed three acquisitions in the office sector, representing a total commitment of over EUR 440 mln. The purchases are in line with the company's strategy to strengthen its position in the office segment and expand the office portfolio from EUR 5.5 bn to EUR 9 bn ...
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PropertyEU Archive
IVG Institutional Funds acquires office tower in Warsaw
IVG Institutional Funds has purchased the Victoria Building in Warsaw for EUR 29 mln from a European real estate investment fund of Deka Immobilien Investment. IVG said that the transaction is evidence of Poland's, and particularly Warsaw's, 'thriving' economy. As one of the world's few countries to remain buoyant following ...
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PropertyEU Archive
GFKL acquires large NPL portfolio
Essen-based GFKL Financial Services said on Thursday that it has acquired a large portfolio of real-estate-backed non-performing loans (NPL or bad loans) from an unnamed international bank and a private equity fund. The NPL portfolio has a total volume of over EUR 100 mln and is largely backed by commercial ...
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PropertyEU Archive
Unibail-Rodamco invests in Citymall Almere
Unibail-Rodamco, Europe's largest listed retail specialist, plans to invest heavily in the new section of Citymall Almere in the Netherlands. The plans will be worked out in detail in the coming months with the local planning authorities and realised in the course of next year.
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PropertyEU Archive
Atrium completes Polish centre
Atrium European Real Estate Limited (Atrium) has opened the first phase of Galeria Mosty, its latest shopping centre development in Poland. Located in the city of Plock, in central Poland, The centre has a gross lettable area of 9,900 m[sup]2[/sup] on opening and will be 85% let to over 50 ...
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PropertyEU Archive
Aviva, Henderson invest in SLI European Property Growth Fund
Standard Life Investments, one of the largest real estate fund managers in Europe, has announced that Aviva Investors and Henderson Global Investors have collectively committed around EUR 60 mln in equity to its European Property Growth Fund (EPGF) on behalf of their underlying clients.
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PropertyEU Archive
Quintain in landmark Portuguese deals
London-listed Quintain Estates and Development has entered into a framework agreement to supply real estate consultancy to Living PlanIT, the urban technology specialist with the right to develop a 1,700 hectare city at Paredes in Northern Portugal. Quintain's fee will be 3.5% of construction costs, with a minimum payment of ...
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PropertyEU Archive
Orco to wind down Endurance Fund: report
Orco Property Group plans to start winding down its EUR 466 mln Endurance real estate fund next year following pressure from investors, Bloomberg has reported.
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PropertyEU Archive
Retail sector split on impact of e-commerce
The retail sector has not yet reached a unified stance on the impact of e-commerce, it emerged at the last edition of the Mapic real estate fair in Cannes last week. 'Retailers and developers seem to be divided on their approach to online shopping,' commented François Ortalo-Magné, Director of Wisconsin ...
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PropertyEU Archive
Llangoed Hall sold to von Essen Hotels
Christie + Co has sold the freehold of Llangoed Hall Hotel in the Wye Valley, Wales, to von Essen Hotels, the luxury hotel group, for an undisclosed sum. Christie & Co was acting on behalf of the Estate of the late Sir Bernard Ashley.
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PropertyEU Archive
FdR sells 25% stake in Tour CB21
Foncière des Régions (FdR) has signed an agreement to sell a 25% stake in the Tour CB21 with an unnamed French institutional investor. The EUR 147 mln transaction, which will be completed by the year end, represents one of the largest single investments so far this year in the Paris ...
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PropertyEU Archive
KND sells land plot in Krakow for EUR 22m
KND, a subsidiary of the Irish-American real estate fund Tribeach, has divested a plot of land in the city centre of Krakow, Southern Poland. The transaction price amounted to PLN 83 mln (EUR 22 mln). The companies agreed not to disclose the name of the buyer. Colliers International advised the ...
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PropertyEU Archive
Sjælsø sells 75% of Stockholm project to HSB
Danish property company Sjælsø has entered into an agreement with Swedish real estate developer HSB Bostad for the sale of 75% of its major development project in the municipality of Solna, Stockholm. The company said that the sale price is 'significantly above the acquisition price and book value', releasing cash ...
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PropertyEU Archive
Partners Group closes EUR 750m real estate fund
Swiss investment manager Partners Group said on Friday that it has closed its first dedicated real estate secondary investment vehicle with total equity commitments of EUR 750 mln.
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PropertyEU Archive
Baker joins HDG Mansur as European development director
Michael Baker is joining HDG Mansur Investment Services as Senior Managing Director and head of Development in the UK and Europe.
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PropertyEU Archive
Storm completes purchase of Russian business centre
Norwegian investor Storm Real Estate and Swedish developer Ruric have agreed on a final settlement regarding the sale of the $20 mln (EUR 15 mln) Grifon House business centre in central St. Petersburg.
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PropertyEU Archive
Caelum Development unveils new Polish mall project
Irish investment group Caelum Development said it has signed a contract with a consortium of construction companies Warbud and Mercury Engineering Polska to build the Nova Park shopping centre in Gorzow Wielkopolski, Western Poland.
