All Real Assets articles in Web Issue – Page 623
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PropertyEU Archive
David Dintilhac joins Savills' property management team in France
International real estate advisor Savills has strengthened its property management team in Paris with the appointment of David Dintilhac.
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PropertyEU Archive
DTZ takes over property management services in Zlote Tarasy
DTZ has been appointed to provide property management and leasing services for retail part of the Zlote Tarasy mixed-use complex in Warsaw. Zlote Tarasy is a prime location retail-office complex with more than 200 stores on 65,500 m[sup]2[/sup] GLA.
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PropertyEU Archive
Jones Lang LaSalle moves into Switzerland
Jones Lang LaSalle has confirmed that the Swiss-based Sal. Oppenheim Real Estate team will join the property advisory group on 1 February 2011. The addition of 11 established real estate professionals means that Jones Lang LaSalle will now have an 'on the ground' presence in Switzerland with a fully owned ...
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PropertyEU Archive
Sacyr leases 21,000 m[sup]2[/sup] in Madrid tower to PwC
Testa, the rental property arm of Spanish group Sacyr Vallehermoso (SyV), has announced the leasing of 17 floors within its office tower at the Cuatro Torres business district of Madrid to PricewaterhouseCoopers. The lease agreement brings the occupancy rate in the building to 100%.
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PropertyEU Archive
Prupim acquires Sainsbury stores for EUR 148m
UK asset manager Prupim announced on Wednesday that it has acquired three Sainsbury supermarkets in the UK for EUR 125 mln (EUR 148 mln). The sale-and-leaseback transaction was carried out on behalf of the M&G Secured Property Income Fund.
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PropertyEU Archive
Kardan to sell 15% of GTC shares
Amsterdam-listed investor Kardan has announced that it intends to sell about 15% of the shares in Global Trade Centre, an office and shopping centre development and investment company operating in southeastern Europe.
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PropertyEU Archive
Global direct investment up 50% to EUR 234b
A strong fourth quarter brought full-year global direct real estate transaction volumes in 2010 to $316 bn (EUR 234 bn), 50% higher than 2009 levels, according to Jones Lang LaSalle. The global property adviser said the increase reflected a significant recovery in investment activity across all three major regions. It ...
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PropertyEU Archive
Jeudan buys 8 assets in Denmark for EUR 62m
Danish property company Jeudan has acquired a portfolio of eight mixed-use properties in Copenhagen for a total price of DKK 459 mln (EUR 62 mln). The seller is local developer M. Goldschmidt Properties (MGH).
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PropertyEU Archive
AEW Europe's Euroffice fund meets target
AEW Europe's Euroffice fund has achieved its investment target of EUR 725 mln following recent acquisitions in Amsterdam and Berlin. This month the fund acquired a 12,500-m[sup]2[/sup] office building in the Dutch capital which is occupied on a nine-year lease by Dutch law firm Van Doorne. The investment volume is ...
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PropertyEU Archive
Corestate appoints new CEO
Swiss private equity investor Corestate has announced the appointment of Phillip Burns as CEO. Burns, who was formerly a financial managing director at Terra Firma Capital Partners will join in mid-February and primarily will be based at Corestate's headquarters in Zug. He will, however, split his time between each of ...
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PropertyEU Archive
Fontaine named senior asset management in Invesco's Paris office
Invesco Real Estate (IRE), the international cross-border property investment manager, has announced the appointment of Patricia Fontaine as a Senior Asset Manager in its Paris office. Fontaine's appointment brings to 12 the number of European asset managers at IRE, with four now covering the French real estate market.
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PropertyEU Archive
BayernLB provides loan to Tesco/British Land jv
German lender BayernLB has provided a new EUR 219 mln loan facility to BLT Properties, a property joint venture between retail giant Tesco and UK REIT British Land. The seven-year facility from the bank's London office will be used to repay BLT's existing bank loan.
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PropertyEU Archive
WP Carey in sale-and-leaseback with Dutch retailer
WP Carey, a global sale-and-leaseback specialist, has acquired six distribution centres from Dutch supermarket group C1000 for EUR 155 mln. The sale-and-leaseback transaction was completed by one of WP Carey's publicly-held non-traded REIT affiliates, CPA: 17 - Global.
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PropertyEU Archive
Colliers promotes Dean to New Europe unit
Colliers International has appointed Hadley Dean as Managing Partner of the companies' New Europe division, expanding his current executive role from six countries in Central and Eastern Europe to 16 offices in 13 countries and a staff of 650.
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PropertyEU Archive
FdR leases 23,000 m[sup]2[/sup] in Paris' Carre Suffren
French office-focused Siic Foncière des Régions (FdR) has announced the leasing of a total of 23,000 m[sup]2[/sup] of office space in the Carré Suffren office scheme to insurance group AON, the French Ministry of Education and to Institut Français.
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PropertyEU Archive
Deka acquires Friedrich Carré assets for EUR 105m
German fund manager Deka Immobilien has acquired four building at the Friedrich Carré in Berlin for EUR 105 mln. The four buildings comprise 18,000 m[sup]2[/sup] of office space and 3,400 m[sup]2[/sup] of retail. The space is leased to about 50 tenants. Friedrich Carré consists of seven buildings in total.
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PropertyEU Archive
Kardan raises EUR 195m from GTC share sale
Amsterdam-listed investment company Kardan has raised EUR 195 mln from the sale of about 15% of the shares in Global Trade Centre, an office and shopping centre development and investment company operating in south-eastern Europe. GTC is listed in Warsaw.
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PropertyEU Archive
Real IS raises EUR 600m in 2010
German fund manager Real IS said that it raised EUR 608 mln of capital from investors last year, an increase of more than 33% on the EUR 44 mln raised in 2009.
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PropertyEU Archive
Crown Estate makes EUR 40m purchase in London
The Crown Estate, the agency that manages the UK sovereign's property holdings, has acquired the 73-year headleasehold interest in the office building at 10 Spring Gardens in London for £34 mln (EUR 40 mln). The deal reflects a yield of 6.7%.
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PropertyEU Archive
Prada buys back logistics assets for EUR 50m
Italian beauty and fashion group Prada has confirmed the acquisition of a portfolio of four logistics assets in Montegranaro, Arezzo and Montevarchi, northern Italy, for around EUR 50 mln. The seller is Spazio Industriale, a closed-end fund managed by Prelios, formerly Pirelli Real Estate.
