All Real Assets articles in Web Issue – Page 620
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PropertyEU Archive
Icade sells 15,000-m[sup]2[/sup] project to City of Paris' agency
French developer and investor Icade has announced the sale of a 15,000-m[sup]2[/sup] office project as part of the vast McDonald urban redevelopment programme near Paris.
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PropertyEU Archive
Helaba and Berlin Hyp finalise EUR 168m facility for Oxford Properties in London
German financiers Helaba Landesbank Hessen-Thüringen and Berlin Hyp, together with Oxford Properties Group, have successfully co-arranged a medium-term debt financing facility for Watermark Place in the City of London, amounting to an initial GBP 140 mln (EUR 168.4 mln).
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PropertyEU Archive
Russia and Poland drive surge in CEE investment volume in 2010
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 5 bn in 2010, a 90% increase on the total turnover in 2009 as a whole (EUR 2.6 bn), according to the latest data by CB Richard Ellis (CBRE).
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PropertyEU Archive
ING REIM obtains ISAE 3402 certification for Dutch arm
Ernst & Young has confirmed that ING Real Estate Investment Management Netherlands is certified for a type I report that is compliant with the new International Standard on Assurance Engagements No. 3402 (ISAE 3402). The fund manager is one of the first real estate investment managers to receive the new ...
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PropertyEU Archive
INPS to sell 75 assets in Italy
Italy's social security agency INPS (Istituto Nazionale Previdenza Sociale) has unveiled plans to sell 75 office properties across the country starting from this year. According to President Antonio Mastrapasqua, the state-owned institute is preparing for the 'largest real estate disposal ever realised by a public administration in Italy'.
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PropertyEU Archive
Allianz Real Estate buys Brahms Quartier in Hamburg
Allianz Real Estate Germany has started the year with the purchase of the Brahms Quartier office complex in Hamburg. The sellers are a subsidiary of The Carlyle Group and Aug. Prien Real Estate. The financial details were not disclosed.
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PropertyEU Archive
Benson Elliot and Stanhope team up with Sackville in redevelopment
Benson Elliot Capital Management, the London-based private equity real estate firm, and UK developer Stanhope have acquired a majority interest in the company established by Sackville Properties for the landmark Station Hill redevelopment in Reading.
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PropertyEU Archive
Deka buys Le Patio in Paris
Deka Immobilien has acquired Le Patio office building in Marseilles for around EUR 26 mln. The property is almost fully let and has a total lettable area of around 8,900 m[sup]2[/sup].
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PropertyEU Archive
Ciloger eyes more deals in Germany
French fund management group Ciloger is closing in on another retail property acquisition in Germany following the purchase at end-December of a portfolio of 10 shopping centres for EUR 218 mln. In an interview with PropertyEU, CEO Laurent Flechet said the operation is expected to be completed by February 2011.
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PropertyEU Archive
Westimmo finances Dutch office deal
Westdeutsche ImmobilienBank (WestImmo), acting as arranger, is financing Hanzevast Capital's purchase of an office building in the city centre of Zwolle for a consideration of EUR18 mln. The property was acquired via Hanzevst's closed property fund.
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PropertyEU Archive
WDP to start developing portfolio in Romania
Closed-end real estate investment company Warehouses De Pauw will start developing its portfolio in Romania early this year. The move follows a EUR 75 mln finance agreement concluded between WDP and the EIB (European Investment Bank) to finance the Romanian development.
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PropertyEU Archive
London reports highest office take-up in five years
Total take-up in London's City and Docklands office market for 2010 reached 7.6 million sq ft (706,000 m2), for the first time in five years, according to Cushman & Wakefield. This figure exceeds that of 2008 (6.6 million sq ft) and 2009 (4.6 million sq ft), giving encouragement to developers ...
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PropertyEU Archive
Beni Stabili buys in northern Italy for EUR 115m
Italian office-focused REIT Beni Stabili has announced the acquisition of three office buildings located in Rozzano-Milanofiori, Varese and Milan, northern Italy for a total of EUR 90.5 mln.
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PropertyEU Archive
European retail investment volume up 68% in 2010
Direct investment in retail real estate in Europe during 2010 reached over EUR 20.6 bn, a rise of 68% on 2009 (EUR 12.3 bn), according to Jones Lang LaSalle. 150 transactions were recorded in Q4, boosting total volumes for the three-month period to EUR 6.7 bn, up almost 80% on ...
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PropertyEU Archive
German office markets see 30% rise in lettings: Savills
The five major German office markets - Berlin, Düsseldorf, Frankfurt, Hamburg and Munich - saw a stunning year-end finish in terms of take-up, according to international real estate advisor Savills, with total figures in each of the markets outperforming the results of 2009. Overall, take-up in the five locations rose ...
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PropertyEU Archive
Heitman fund to plough EUR 300m in CEE real estate
Heitman plans to invest over EUR 300 mln in Central and Eastern Europe this year as the US private equity group seeks to capitalise on the expected real estate market recovery.
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PropertyEU Archive
Schroders adds EUR 50m retail gallery to Italian portfolio
Italian hypermarket operator CoopEstense has completed the sale of the retail gallery within the Mongolfiera shopping centre in Surbo, near Lecce in Southern Italy, to a closed-end fund managed by Schroders. The transaction price amounts to around EUR 49 mln.
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PropertyEU Archive
Iii-investments acquires its first property in Paris
German fund manager iii-investments has acquired its first property in a prominent location in Paris for a new real estate special fund. The sole unit holder of the fund is a German pension fund. No financial details were disclosed.
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PropertyEU Archive
RREEF appoints Simon Durkin as head of research
RREEF, the real estate investment management business of Deutsche Bank’s Asset Management division, has appointed Simon Durkin as Head of Research, Europe. He will be based in RREEF’s London office.
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PropertyEU Archive
British Land to redevelop Marble Arch House
British Land has entered into an agreement with The Portman Estate to purchase and redevelop Marble Arch House, W1. On receipt of vacant possession, British Land will pay £18 mln (EUR 21.6 mln) for the development site.
