All Real Assets articles in Web Issue – Page 619
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PropertyEU Archive
FdR boosts capital by EUR 200m
Foncière des Régions (FdR) said on Monday that it has strengthened its capital by nearly EUR 200 mln after seeing nearly 100% of its outstanding equity warrants exercised. The warrants, with a subscription period covering the entire year 2010, were awarded to FdR shareholders at end-2009 on a ratio of ...
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PropertyEU Archive
FdM sells Mercure Paris hotel for EUR 41.5m
Foncière LFPI has bought the 388-room Mercure Paris Porte de Versailles hotel in Vanves, in the southwestern suburbs of Paris from Foncière des Murs (FdM). The transaction price amounts to EUR 41.5 mln.
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PropertyEU Archive
Sorgente makes EUR 480m bid for Milan's Rinascente
Italian fund manager Sorgente is leading a consortium of Italian investors that has presented a EUR 480 mln offer to buy the historic Rinascente building at Milan's Piazza Duomo. The property is owned by the Retail & Entertainment fund, which is managed by Prelios (formerly Pirelli Real Estate) and is ...
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PropertyEU Archive
Orion to buy 50% of Puerto Venecia scheme
UK-based private equity firm Orion Capital Managers is close to clinching the acquisition of a 50% stake in the Puerto Venecia shopping centre project in Zaragoza, northern Spain, well-informed market sources have told PropertyEU. The vendor is Spanish developer and investor Copcisa Corporación.
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PropertyEU Archive
ING REIM raises EUR 60m in first close of European mall fund
ING Real Estate Investment Management Europe (ING REIM Europe) has received EUR 60 mln in equity commitments in the first closing for its European Shopping Centre Fund (ESCF). The closed-end private real estate fund has a seven-year lifetime and will invest in shopping centres across Continental Europe.
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PropertyEU Archive
Viveris REIM completes EUR 82m of acquisitions in Paris
French fund manager Viveris REIM has announced three 'core' acquisitions in France on behalf of its Sppicav Delta Immo fund involving a total investment of EUR 82 mln, or a gross yield of 5.9%. In a statement on Monday, the company said it has bought a mixed-use building offering 4,200 ...
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PropertyEU Archive
Henderson acquires Meixueiro Retail Park in Spain
Henderson Global Investors, on behalf of Warburg-Henderson's RZVK-Immo-Fonds, has acquired the Meixueiro Retail Park in Vigo, northern Spain, from Oralco for EUR 35 mln.
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PropertyEU Archive
Invesco's first hotel fund fully invested after Hannover purchase
Invesco Real Estate (IRE) announced on Monday that its first hotel fund is now fully invested following the purchase of its 17th hotel, the Novotel Hanover in Hanover, Germany. This brings the fund's total investments to about EUR 700 mln across nine European countries.
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PropertyEU Archive
Cornerstone launches Nordic Social Infrastructure Property Fund
Cornerstone Real Estate Advisers Europe (Cornerstone Europe) has announced it is beginning capital raising for its Nordic Social Infrastructure Property Fund (NSIPF), a new core fund tit is planning to launch to invest in public real estate assets let on long term inflation-linked leases to government or quasi-government tenants.
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PropertyEU Archive
Heitman hires GE RE director
Chicago-based private equity firm Heitman has appointed David Brodersen as portfolio manager for its EUR 505 mln value-added fund Heitman European Property Partners IV (HEPP IV), which is led by Otis Spencer.
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PropertyEU Archive
German residential portfolio sales 'unexpectedly weak' in 2H 2010: C&W
The sale of German residential portfolios fell sharply in the second half of 2010, resulting in just EUR 2.17 bn of residential deals over the year, down from EUR 2.61bn in 2009, according to Cushman & Wakefield.
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PropertyEU Archive
Accor confirms talks to sell 49% of Lucien Barriere
French hotel group Accor has confirmed that it is in negotiations to sell its 49% interest in France's largest casino operator Lucien Barrière to the Fimalac financial holding.
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PropertyEU Archive
Simon abandons CSC bid
Simon Property Group has withdrawn its bid to buy Capital Shopping Centres (CSC) Group for 425p per share, or £2.9 bn (EUR 3.4 bn), the company announced on Tuesday.
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PropertyEU Archive
AEW expands in UK with Arburthnot REIM acquisition
AEW Europe has announced the creation of AEW UK, a fund management partnership focused on the UK real estate market, following the transfer of the business interests of Arbuthnot Real Estate Investment Management (ArbreIM) from Arbuthnot Banking Group. AEW UK is a joint venture owned equally by AEW Europe and ...
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PropertyEU Archive
WP Carey completes second Agrokor deal
WP Carey, the global sale-and-leaseback specialist, has announced the acquisition of a portfolio of retail facilities in Croatia for a total consideration of EUR 49 mln. The deal was carried out through its non-traded REIT affiliate, CPA:17 - Global.
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PropertyEU Archive
Trigranit and Heitman form joint venture for Arena Centar
Trigranit Development Corporation has formed a joint venture with Heitman European Property Partners IV (HEPP IV) for the Arena Centar Shopping Center in Zagreb, Croatia. Both Trigranit and HEPP IV will hold a 50% stake in this newly developed, landmark (180,000 m[sup]2[/sup] ) mall. The transaction includes two land plots ...
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PropertyEU Archive
Danish pension funds buy three Magasin store properties
Danish institutional investors ATP Ejendomme and PensionDanmark have jointly acquired three Magasin department store properties in Denmark for an undisclosed sum. The buildings, covering a total space of 75,000 m2, are located in the cities of Lyngby, Aarhus and Odense.
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PropertyEU Archive
Eurocommercial in exclusivity to buy Sant Cugat mall
Dutch retail investor Eurocommercial Properties has entered into exclusive negotiations with French REIT Altarea to buy a 42,000-m[sup]2[/sup] shopping centre in Sant Cugat del Valles, near Barcelona, well-informed market sources told PropertyEU.
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PropertyEU Archive
UEPC joins EPF to create leading Europan lobby group
The European Union of Developers and Housebuilders (UEPC) has joined the European Property Federation (EPF), thus cementing an alliance covering the entire building development, investment, rental and management chain, residential and commercial, listed and non-listed.
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PropertyEU Archive
Westimmo provides financing for Rockspring deal in Poland
Westdeutsche ImmobilienBank (WestImmo) has announced that it provided Rockspring TransEuropean Property Limited Partnership IV with investment financing for Ferio Shopping Centre in Poland. Rockspring acquired the mall from Raiffeisen Evolution in mid-December for EUR 47 mln. The financing transaction was arranged, underwritten and completed on 14 December 2010.
