All Real Assets articles in Web Issue – Page 625
-
PropertyEU Archive
Unibail-Rodamco buys Paris hotel from Starman
UK hotel investor Starman has sold its long leasehold interest and ownership of Le Meridien Montparnasse hotel in Paris to Franco-Dutch property group Unibail-Rodamco, the existing freeholder of the property. The financial details were not disclosed.
-
PropertyEU Archive
Tishman and Commerz to develop in Frankfurt
US developer and investor Tishman Speyer is joining forces with German fund manager Commerz Real to develop another major office property in Frankfurt, Germany.
-
PropertyEU Archive
Doughty Hanson jv to develop in London
Doughty Hanson & Co Real Estate and UK property developer and investor Terrace Hill have announced that they will begin construction on their joint office and residential scheme, One Howick Place in London, next month.
-
PropertyEU Archive
EPRA vows to 'liberate' German property market
The European Public Real Estate Association (EPRA) has vowed to continue its campaign to grow the undersized listed real estate sector in Germany.
-
PropertyEU Archive
NEIF makes first investment in Paris
Next Estate Income Fund (NEIF) has acquired an office project in the new district of Claude Bernard in the 19th arrondissement of Paris for around EUR 93 mln.
-
PropertyEU Archive
Pension funds urged to invest more in listed property
Pension funds should invest more in listed real estate, according to JP Morgan property stocks analyst Harm Meijer. It is a 'myth' that direct property investment is always less risky, he added.
-
PropertyEU Archive
Harbert Management sells Nanterre scheme
US investor Harbert Management has sold the Clémenceau 2 office building at 215 Av George Clémenceau in Nanterre, France to UK financial giant HSBC. The multi-let building was divested for EUR 17.4 mln, excluding taxes.
-
PropertyEU Archive
Pace seeks partner for London project
Private property company Pace Investments has appointed Gresham Down and Savills to find a funding partner for its 21,400 m[sup]2[/sup] office development at Sugar Quay in the City of London.
-
PropertyEU Archive
Redevco Germany invests EUR 100m in retail expansion
Dutch private property company Redevco is rolling out an expansion strategy in Germany that aims to restructure and substantially grow its portfolio in the country.
-
PropertyEU Archive
Deka buys Schloss-Arkaden mall for EUR 250m
German fund manager Deka Immobilien has announced the purchase of Schloss-Arkaden shopping centre in Brunswick, near the German city of Hannover from the CS Euroreal fund managed by Credit Suisse Asset Management. With a transaction volume of EUR 250 mln, the acquisition is one of Germany's largest single-asset property deals ...
-
PropertyEU Archive
4IP buys Sal Oppenheim property investment business
The management of 4IP and Sal Oppenheim Corporate Finance has acquired the real estate investment business of Sal Oppenheim jr & Cie. Corporate Finance that was established four years ago.
-
PropertyEU Archive
Ghelamco sells Crown Square to Invesco RE
Belgian developer Ghelamco has sold its Crown Square office project in the Wola district of Warsaw to international property investment manager Invesco Real Estate (IRE). The Breeam certified class-A office building was sold for nearly EUR 64 mln.
-
PropertyEU Archive
Unicredit provides finance for Czech mall project
Italian lender Unicredit and local bank Komercní have agreed to provide project financing for the development of the Breda & Weinstein shopping centre in the historical centre of the northern Czech city of Opava.
-
PropertyEU Archive
Greece pins debt hopes on property sales - report
Greece is considering repaying its national debt by selling state-owned properties with an estimated value of as much as EUR 300 bn, according to a news report by Bloomberg. The European Union and International Monetary Fund, as well as German politicians who oppose bailing out Greece and local lawmakers, have ...
-
PropertyEU Archive
Institutional investors to shun open-ended funds: Deka
German fund manager Deka Immobilien expects that open-ended real estate investment funds will be invested almost exclusively by private investors in the future. In a statement on Tuesday, Deka said institutional investors are likely to shun open-ended funds and start focusing on funds tailored for their investment needs.
-
PropertyEU Archive
Deka Immobilien, Union sell in Germany
German fund manager Deka Immobilien has sold the Carrea office property in the Munich area of Parkstadt Schwabing for around EUR 30 mln. The buyer is Competo Bestandsfonds Plus, a fund managed by Munich-based Competo Capital Partners.
-
PropertyEU Archive
Union's Investment index reaches four-year high
The economic recovery has significantly improved the climate for real estate investment in the three major European economies of Germany, France and the UK, with optimism at the start of 2011 higher than at any time since 2006, according to Union Investment's Investment Climate Index.
-
PropertyEU Archive
Germany ousts UK as preferred investment location: INREV
Germany has overtaken the UK as the preferred location for investment in non-listed real estate funds, according to INREV’s 2011 Investment Intentions Survey.
-
PropertyEU Archive
SPS invests in large-scale project in Zurich
Swiss Prime Site (SPS) is acquiring the SkyKey commercial real estate project in Zurich-North, Switzerland from local developer Karl Steiner. The 63-metre-high building is being constructed according to the LEED standard and will be ready for occupancy in the summer of 2014. The sole tenant is Zurich Insurance Company.
-
PropertyEU Archive
CSC shareholders back EUR 1.8b Trafford Centre deal
London-listed Capital Shopping Centres has received overwhelming backing from its shareholders for its plan to acquire the Trafford Centre in Manchester in one of the largest single-asset deals in the UK. The deal is valued at £1.6 bn (EUR 1.8 bn).
