All Real Assets articles in Web Issue – Page 621
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PropertyEU Archive
Aviva Investors gets mandate from Dutch medical pension fund
Aviva Investors has announced that it has received a mandate from the Dutch medical specialists pension fund SPMS to manage its EUR 350 mln global unlisted real estate portfolio.
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PropertyEU Archive
Warburg-Henderson buys P&C store from Bauwert
Bauwert Investment Group has sold the new Peek & Cloppenburg fashion store in Kassel to Warburg - Henderson Kapitalgesellschaft für Immobilien, a Hamburg-based real estate investment company. Financial details were not disclosed.
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PropertyEU Archive
Union Investment buys Chinon Center from MIB
Union Investment has acquired the Chinon Center in Hofheim near Frankfurt for its UniImmo: Europa open-ended real estate fund from developer MIB, the Hannover-based open-ended fund manager confirmed. The building, which opened at end-October last year, has a total surface area of some 13,300 m2, as well as 455 parking ...
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PropertyEU Archive
IVG obtains LEED certification for office projects
IVG Immobilien AG has obtained LEED Silver, Gold, and Platinum awards from the US Green Building Council for three of the company's most recently completed project developments in Germany. The Bonn-based company has also obtained a LEED-Certificate for its Infopark E in Budapest, the first ever LEED certificate granted for ...
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PropertyEU Archive
Aviva fund bags £114m of deals at year-end
In the last two weeks of December Aviva Investors’ Lime Property Fund completed four investment transactions totalling £114 mln EUR 136 mln), the company announced in a press release.
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PropertyEU Archive
FPF acquires Paris office portfolio for EUR 160m
Foncière Paris France (FPF) has bought a 47,000 m[sup]2[/sup] office portfolio worth EUR 160 mln in Paris. The portfolio includes Paris Biopark, a 29,300-m[sup]2[/sup] office and laboratory scheme at 13 rue Jean Antoine Baïf, in the heart of Paris' Rive Gauche district.
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PropertyEU Archive
JV acquires 2 hotels at Westfield Stratford City
A joint venture between Cycas Hotel Partners and Patron Capital is to acquire the long-term leasehold rights for two hotels at the Westfield Stratford City scheme next to the 2012 Olympic stadium in Greater London.
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PropertyEU Archive
Investment volume up 30% in Czech Republic in 2010
Total investment turnover in the Czech real estate investment market reached EUR 417 mln in H2 2010 and EUR 646 mln in 2010 as a whole, according to the latest report by CB Richard Ellis.
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PropertyEU Archive
Grosvenor fund secures £385m refinancing for Liverpool One
UK fund manager Grosvenor has secured a £385 mln (EUR 461 mln) refinancing for its 1.6 million sq ft (150,000 m2) Liverpool One mixed-use scheme. The refinancing agreement was signed with the Royal Bank of Scotland (RBS), Eurohypo, Dekabank and Credit Agricole banks.
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PropertyEU Archive
Deka buys Hamburg's Metropolis-Haus for EUR 93m
Germany's Deka Immobilien has acquired the Metropolis-Haus development project in Hamburg for EUR 93 mln, well-informed market sources told PropertyEU. The mixed-use property has been acquired from a development consortium of Hochtief Projektentwicklung, Norddeutsche Grundvermogen and Frank Beteiligungsgesellschaft.
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PropertyEU Archive
Multi's Marcel Kokkeel appointed CEO of Citycon
Marcel Kokkeel is leaving Multi Corporation to become CEO of Nordic shopping centre investor Citycon. Kokkeel served on the executive committee of Multi, the European unlisted mall developer, and was responsible for Multi Mall Management and Western European Development.
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PropertyEU Archive
LaSalle IM gets approval for German KAG vehicle
LaSalle Investment Management has received approval from the German Federal Financial Supervisory Authority (BaFin) for the formation of a capital investment company for specialist investment funds in Germany. Following the granting of the licence, the already existing LaSalle Vermögensverwaltungs will henceforth operate as LaSalle Investment Management Kapitalanlagegesellschaft (LaSalle KAG).
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PropertyEU Archive
Corestate buys in Hanover
Corestate Group, a specialist private equity real estate investor based in Zug/Switzerland, has announced the acquisition of Rund Carré in Hanover from HSBC Trinkaus Real Estate for EUR 25.5 mln. The purchase price of the recently developed office and retail asset reflects an initial yield of 7.9%. A German bank ...
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PropertyEU Archive
CBRE Hotels clinches Europe's largest single-asset hotel deal ever
CBRE Hotels has announced the sale of the five-star Grosvenor House Hotel, Mayfair, London for £470 mln (EUR 563 mln) to Indian conglomerate Sahara India Pariwar. The 494-bedroom, Park Lane property operated by JW Marriott represents the largest ever single asset hotel transaction by sale price in Europe, CBRE Hotels ...
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PropertyEU Archive
Eurocommercial shops in Spain
Dutch retail investor Eurocommercial Properties has denied it is buying the Sant Cugat shopping centre in Barcelona, but does not rule out making acquisitions in Northern Spain 'should interesting opportunities arise there in the future'.
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PropertyEU Archive
RREEF Germany acquires EUR 1.8 bn of property in 2010
RREEF acquired properties worldwide totalling EUR 1.8 bn for its German real estate mutual funds and real estate special funds in 2010.
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PropertyEU Archive
Eurohypo provides EUR 107m facility to Derwent London
German commercial real estate lender Eurohypo has provided a £90 mln (EUR 107 mln) secured facility to UK REIT Derwent London. The seven-year facility replaces existing facilities and is initially secured against two assets.
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PropertyEU Archive
HGI sells Telstar House for EUR 116m
Henderson Global Investors has agreed the sale of Telstar House, Eastbourne Terrace in London for £97 mln (EUR 116 mln), reflecting a net initial yield of 5.1%. The property is let to Rio Tinto European Holdings and has been sold to a private Jersey company.
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PropertyEU Archive
German investment reaches EUR 19bn in 2010: CBRE
Commercial real estate investment turnover in Germany grew to EUR 19.1 bn in 2010, an 83% increase on the total turnover recorded in 2009, according to the latest data published by CB Richard Ellis (CBRE). The growth in investment stems from rapid economic recovery and sustained investor confidence in the ...
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PropertyEU Archive
Predica, FdM complete EUR 378m deal with Accor
Crédit Agricole's Predica unit and French real estate investment trust Foncière des Murs (FdM) announced that their 80/20 partnership has finalised the EUR 378 mln acquisition of a portfolio of 49 hotels from the Accor group.
