All Real Assets articles in Web Issue – Page 614
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PropertyEU Archive
C&W Investors sells two assets in France for Swedish pension fund
Cushman & Wakefield Investors (CWI), acting on behalf of a Swedish pension fund, has completed the sale of two mixed office and light industrial assets near the Fench city of Lyon.
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PropertyEU Archive
Multi and Atrium conclude pan-European deal
Multi Corporation has signed a pan-European package agreement with Atrium European Real Estate that involves the trading of five assets and non-active land positions between the pair.
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PropertyEU Archive
CD Capital, Benevo receive go-ahead for Bucharest scheme
Canadian privately held investor CD Capital Partners and local developer Benevo Capital Corporation have received the construction permit for their joint Victoria City Center development project in the north-western part of Bucharest.
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PropertyEU Archive
Miller to head valuations at C&W Slovakia
Cushman and Wakefield in Slovakia has announced the appointment of Victoria Miller MA, MSC MRICS as head of valuation. Miller comes to Cushman and Wakefield with over six years property experience and over three years property valuation experience setting up and running the valuation, consultancy and research department for CB ...
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PropertyEU Archive
Valad secures new 10-year lease in the Netherlands
Valad, the European multi-let real estate investment manager, has secured a new letting at Vijzelweg 27, Waalwijk, on 2,533 m[sup]2[/sup] of predominantly industrial space. The 10-year lease with an annual rental value of EUR 110,000 was signed by Trisco, the wholesale marketing material manufacturer.
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PropertyEU Archive
Atrium buys Promenada mall in Warsaw for EUR 170m
Central and Eastern European retail specialist Atrium European Real Estate has signed a preliminary agreement to buy the Promenada shopping centre in Warsaw, Poland from Aim-listed investor Carpathian. The transaction volume amounts to EUR 169.5 mln, plus EUR 1.5 mln to be paid to Carpathian upon the successful recovery of ...
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PropertyEU Archive
Kungsleden to buy NR Nordic & Russia assets for EUR 400m
Listed Swedish property company Kungsleden has signed a letter of intent to acquire the majority of the properties held by Amsterdam-listed NR Nordic & Russia Properties for a total of SEK 3.6 bn (EUR 400 mln).
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PropertyEU Archive
Union Investment acquires office in Helsinki
German real estate investor Union Investment Real Estate has acquired the Pilke office property, part of the Plaza Business Park scheme in Helsinki's office market Vantaa Aviapolis, from NCC Property Development. The investment volume was SEK 170 mln (almost EUR 19 mln).
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PropertyEU Archive
Tishman Speyer bags Cap de Seine scheme near Paris
Tishman Speyer has acquired the Cap de Seine office scheme near Paris from Standard Life for an undisclosed amount. The acquisition is earmarked for the group's OPCI Tishman Speyer French Venture fund.
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PropertyEU Archive
JP Morgan fund teams up with GIC to buy Frankfurt's OpernTurm
The fund management unit of JP Morgan has joined forces with a sovereign wealth fund from Singapore to acquire the OpernTurm office tower in Frankfurt's central business district. Although the financial details were not disclosed, the transaction is said to be in the region of EUR 550 mln.
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PropertyEU Archive
JP Morgan buys former Lehman HQ to house its European operations
JPMorgan Chase & Co. said on Monday it has bought the former offices of Lehman Brothers in London's Canary Wharf district to use as the European headquarters of its investment bank in 2012. The scheme was sold by the Canary Wharf Group for £495 mln (EUR 585 mln).
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PropertyEU Archive
Pontegadea buys 48 Sabadell branches from Moor Park
Pontegadea, the private investment firm of Inditex clothing retail founder Armancio Ortega, has acquired a portfolio of 48 Banco Sabadell branches in a sale-and-leaseback deal worth around EUR 55 mln. ISC Freshwater Investment, an investor group advised by Moor Park Capital Partners, sold the assets, located in various Spanish cities.
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PropertyEU Archive
MRM divests Marque Avenue shopping centre for EUR 50m
French commercial property firm MRM has sold the Marques Avenue A6 shopping centre on the outskirts of Paris to an unnamed Organisme de Placement Collectif Immobilier (OPCI) fund for institutional investors. The transaction price amounts to some EUR 50 mln.
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PropertyEU Archive
IGD Siiq sells shares in two Italian malls for EUR 59m
Italian retail specialist IGD Siiq has sold its share in two of the three shopping centres owned by RGD, its partnership with Beni Stabili. In a statement, the company said that it has sold its 50% interest in the Beinasco and Nerviano malls to Beni Stabili for a total of ...
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PropertyEU Archive
Aberdeen sells in Cologne to Rreef
Aberdeen Immobilien KAG has sold the Kap am Südkai office building in Cologne to the German investment manager Rreef. The asset was held by Aberdeen's Degi Global Business open-ended fund. Although the acquisition price was not disclosed, the property is believed to be valued at around EUR 50 mln.
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PropertyEU Archive
Delancey buys Blade portfolio backed by RBS loan
UK investment advisor Delancey has acquired the Blade portfolio backed by a £900 mln Royal Bank of Scotland loan from Glenn Maud's Propinvest Group. The portfolio comprises 12 assets spread across the leisure, retail, office and warehouse sectors.
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PropertyEU Archive
Vastned O/I and NSI to continue merger talks
Vastned Offices/Industrial (VNOI) has said it is to follow-up on merger discussions with fellow Amsterdam-listed international property investor Nieuwe Steen Investments in January.
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PropertyEU Archive
Union sells Paris building to UFG for EUR 120 mln
Union Investment Real Estate said on Wednesday that it had sold an office building in Paris-Saint-Denis to UFG Real Estate Managers for around EUR 120 mln. The property was owned by Union's UniImmo: Europe open-ended fund.
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PropertyEU Archive
Helical completes £40m of transactions in the UK
Helical Bar has completed over £40 mln (EUR 47 mln) of transactions in the UK as it seeks 'to increase cash flow within the portfolio and take advantage of value in the investment market'.
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PropertyEU Archive
Multi starts development of Eemplein in Amersfoort
Dutch shopping centre developer Multi Vastgoed announced on Monday the start of construction for its Eemplein mixed-use project in Amersfoort, The Netherlands. The project entails the development of a town square with shopping, leisure and cultural facilities, including a Pathé cinema with eight screens and a music venue.
