All Real Assets articles in Web Issue – Page 624
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PropertyEU Archive
European retail volumes up 68% y-o-y: JLL
Direct investment in retail real estate in Europe during 2010 totalled more than EUR 20.6 bn, representing a 68% uplift on 2009 (EUR 12.3 bn), according to Jones Lang LaSalle. Some 50 transactions were recorded in Q4, accelerating total volumes to EUR 6.7 bn, almost 80% up on Q3 and ...
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PropertyEU Archive
Sveafastigheter acquires two office properties in Helsinki
Sveafastigheter's third fund, Sveafastigheter Fund III, has completed its first acquisition in Finland through the acquisition of two office properties in Helsinki inner city for an undisclosed amount. The assets were acquired by the Swedish company in partnership with Finnish investor HGR Property Partners from Delek Global Real Estate. ...
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PropertyEU Archive
Acron enters Germany with Berlin hotel deal
Swiss fund manager Acron has acquired the four-star Steigenberger hotel at Berlin Brandenburg International Airport from Germany's ECE Projektmanagement for a price of EUR 59.5 mln. The hotel will be completed in June 2012 to coincide with the start of operations at the new airport of the German capital. It ...
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PropertyEU Archive
Henderson Global Investors disposes of asset in Paris
Henderson Global Investors, on behalf of its German joint venture Warburg Henderson KAG, has sold a building in Paris for EUR 19.5 mln. The building located at located at 62, rue de la Chaussée d’Antin in the 9th district of the French capital was the first asset acquired by this ...
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PropertyEU Archive
Christophe Schumacher joins Union Investment
Christoph Schumacher has been appointed deputy managing director of Union Investment Institutional Property with effect from 1 March. Schumacher will be responsible for fund structuring and customer care.
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PropertyEU Archive
Union snaps up Rheinpark mall from Unimo
Union Investment Real Estate has agreed to buy the Rhine Park shopping centre in the German city of Neuss, near Düsseldorf from Swiss developer Unimo. Although the transaction price was not disclosed, the deal is said to be a three-digit figure.
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PropertyEU Archive
Investment volumes to reach EUR 123bn in 2011: DTZ
Investment in commercial real estate across Europe reached EUR 95.9 bn in 2010, representing a 53% increase on the EUR 62 bn booked in 2009, according to DTZ Research in its latest Investment Market Update report.
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PropertyEU Archive
Irish banks set to offload more assets in 2011: Savills
Supply is expected to increase in the Irish investment market in 2011 as banks, receivers and bad bank NAMA seek to initiate the disposal of assets, according to research by international real estate advisor Savills. The year has opened with a pipeline of deals still to close from 2010 and ...
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PropertyEU Archive
Max Property snaps up 29 London pubs for £43m
Jersey-based real estate investor Max Property Group has announced the acquisition of a portfolio of 29 pubs in and around central London for nearly £43 mln (EUR 51 mln). The properties were acquired in a sale-and-leaseback deal with pub operator Enterprise Inns which has agreed to take a 35-year lease ...
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PropertyEU Archive
HSH Nordbank places EUR 500m mortgage Pfandbrief
HSH Nordbank has placed a mortgage Pfandbrief of EUR 500 mln, in its first Pfandbrief issue this year. The Pfandbrief has a 3.5 year term and a coupon of 2.5%. The issue price was set at 99.62%, which equates to a re-offer spread of 25 basis points above the mid-market ...
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PropertyEU Archive
AG RE succeeds in counter bid for Westland mall
AG Real Estate, previously known as Fortis Real Estate, said that its counter-offer to acquire all the certificates backed by a part of the Westland shopping centre in Anderlecht, Brussels has proven a success with the purchase of nearly 18,000 certificates at the end of the offer period (January 14).
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PropertyEU Archive
Rockspring boosts fund management team with two appointments
Rockspring Property Investment Managers has announced the appointment of Mischa Davis as Fund Manager of the Rockspring Hanover Property Unit Trust and Charles Baigler as Assistant Fund Manager of the Rockspring PanEuropean Property Limited Partnership.
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PropertyEU Archive
Helaba appoints Kroeger as general manager of international lending
Michael Kroeger will assume the role of general manager for Helaba's International Real Estate Lending in February. He has acted as deputy in this role since 2010.
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PropertyEU Archive
Auchan considers purchase of Simon's GCI stake
French hypermarket group Auchan is mulling the acquisition of Simon Properties' stake in Gallerie Commerciali Italia (GCI) after the US-based retail specialist failed to find a buyer for the asset. According to well-informed market sources, in the past few months all interested parties have withdrawn from the acquisition in GCI, ...
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PropertyEU Archive
Carlyle names new Italian real estate boss
Global private equity group Carlyle has announced the appointment of Valeria Falcone to the position of new country head real estate for Italy. Falcone will be responsible for selecting new investment opportunities in the market and for carrying out acquisitions for Carlyle Europe Real Estate Partners III (CEREP III), the ...
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PropertyEU Archive
Pembroke expands European portfolio with first German buy
US private investor Pembroke Real Estate has announced its first acquisition in Germany with the purchase of a Grade-A office and retail property from developer and asset manager Bayerische Hausbau. Both companies have agreed confidentiality on the purchase price.
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PropertyEU Archive
UK country of honour at MIPIM
The 22nd edition of the MIPIM real estate fair in Cannes puts the spotlight on the British property industry. The fair - with the UK chosen as this year's Country of Honour - takes place on 8-11 March.
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PropertyEU Archive
Moscow books strongest rental growth in 2010: King Sturge
Prime office rents in Moscow increased by more than 40% in 2010, marking the strongest rental growth increase in Europe, according to King Sturge’s latest quarterly European Property Indicators. Prime high street and warehouse rents rose at a slower pace, by 11% and 9% respectively.
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PropertyEU Archive
Sol Melia in EUR 49m hotel sale-and-leaseback
Spanish hotel chain Sol Meliá has announced the sale-and-leaseback of the Lebreros hotel in Seville, southern Spain. The 437-room property was sold to BBVA Renting for over EUR 49 mln. The hotel operator has also agreed to lease back the asset for a period of 12 years.
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PropertyEU Archive
PIK sells Park-City stake for EUR 56m
London-listed PIK, one of Russia's largest residential real estate developers, has sold its 32.5% share in the Park-City project in Moscow for about EUR 56 mln.
