All Real Assets articles in Web Issue – Page 628
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PropertyEU Archive
C&W to sell Italian hotel portfolio
Italian hotel operator Gruppo Boscolo has mandated Cushman & Wakefield (C&W) to sell a portfolio of four hotel properties located in Rome, Florence and Venice and offering a total of 396 hotel rooms.
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PropertyEU Archive
Niam expands into the Danish property market
Nordic investor Niam is opening its first office in Copenhagen on February 1 and has recruited Kristian Krogh as head of the new Danish operations.
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PropertyEU Archive
GPE restructures Intesa Sanpaolo's lease in London
UK listed firm Great Portland Estates has restructured its occupational lease with Italian bank Intesa Sanpaolo at 90 Queen Street, London by extending the term certain from under three years to 10 years.
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PropertyEU Archive
Catella advises on EUR 170m sale in Sweden
Catella Corporate Finance has advised Swedish listed real estate firm Catena on the sale of the majority of its car showroom portfolio in Sweden for SEK 1.5 bn (EUR 170 mln). The buyer of the 25 assets is Stockholm-listed property company Balder Fjorton. Shareholders of both Catena and Balder voted ...
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PropertyEU Archive
Catella reports transaction volume of EUR 6.2b for 2010
Catella implemented property transactions worth a total of SEK 59.1 bn (EUR 6.2 bn) during 2010. During the same period, transactions in the Nordic region and Continental Europe amounted to SEK 39.1 bn (4.1 EUR bn) and SEK 20 bn (EUR 2.1 bn), respectively.
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PropertyEU Archive
AEW eyes 30% rise on EUR 2.3b volume in 2010
AEW Europe is targeting a 30% rise in the value of its property deals in 2011 to around EUR 3 bn, after concluding transactions worth EUR 2.3 bn in 2010 in difficult market conditions, making it one of the leading real estate investment managers in Europe.
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PropertyEU Archive
Citycon aims to double portfolio by 2015
Nordic shopping centre investor Citycon has potential to double its portfolio in the next four to five years, according to Chaim Katzman, chairman of the Citycon Board of Directors and Citycon's major shareholder Gazit-Globe. Currently Helsinki-based Citycon has a portfolio comprising 33 shopping centres and 49 other retail properties with ...
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PropertyEU Archive
Deka makes EUR 40m purchase in Mainz
Fund manager Deka Immobilien has acquired a business and retail complex in the German city of Mainz for about EUR 40 mln. The 6,500-m[sup]2[/sup] property is being contributed to the WestInvest TargetSelect Shopping fund. The vendor is B+L Real Estate. The main tenant of the property is drug store ...
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PropertyEU Archive
Pradera gears up for Italian acquisitions
After the acquisition in November of three Polish malls, retail property fund manager Pradera Europe is preparing to play its next card. In an interview with PropertyEU, the head of Pradera’s Italian arm Roberto Limetti says the company is finalising talks on over EUR 300 mln worth of retail deals ...
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PropertyEU Archive
Westimmo's Peter Denton to join BNP Paribas
Peter Denton, a managing director and head of financial sponsors coverage at German bank Westimmo, is moving to French bank BNP Paribas in April as head of real estate finance.
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PropertyEU Archive
Cassinis named Italian CIO of STAM Europe
Mathieu Cassinis has joined real estate investor Stam Europe as the new chief investment officer of the Italian business. Since 2003 Cassinis has been general manager of transactions at Schroders, where he has been handling over EUR 1 bn of acquisitions and sales, mainly of core/core+ assets.
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PropertyEU Archive
Investors lack clear sustainability evaluation criteria: Union Investment
Assessing the sustainability of buildings is still problematic for investors, although a growing number of them now systematically collect metrics on their existing properties. Professional investors also largely agree on which KPIs are needed to evaluate ecological sustainability. However, there is a lack of clear evaluation criteria for sustainable buildings ...
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PropertyEU Archive
Viveris Reim launches green OPCI fund
French real estate investment manager Viveris Reim has announced plans to start marketing a new Organisme de Placement Collectif en Immobilier (OPCI) investment vehicle focusing on sustainable, energy-efficient properties.
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PropertyEU Archive
Orco closes EUR 119m sale of Berlin project
The German arm of Orco Property Group has completed the sale of Orco Leipziger Platz GmbH, the owner of the Wertheim project on Leipziger Platz in Berlin. The net sales price amounts to EUR 89 mln, plus an additional payment of EUR 30 mln to be paid upon completion of ...
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PropertyEU Archive
Carlyle bags 2 retail galleries in Sweden for EUR 94m
Global alternative asset manager Carlyle has announced the acquisition of the Gallerian and Punkt retail galleries in Sweden from UK-based investor Boultbee for over £80 mln (EUR 94 mln).
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PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 200m to GSW
Pbb Deutsche Pfandbriefbank has provided German residential propety owner GSW Immobilien with a long-term loan of EUR 200 mln, as part of a refinancing for a securitized credit which GSW has now replaced with a number of individual loan agreements.
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PropertyEU Archive
JLL reports record full-year revenue in 2010
Jones Lang LaSalle (JLL) saw revenue rise by 18% in 2010 to a record $2.9 bn (EUR 2 bn), bolstered by a strong fourth-quarter result of $956 mln. Net income came to $154 mln for the year, which compares to a net loss of $4 mln a year earlier.
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PropertyEU Archive
IVG fund in EUR 455m financing for cavern deal
Germany's largest property company IVG Immobilien has received a EUR 455 mln long-term financing facility from a bank consortium led by Commerzbank for the purchase of a portfolio of 30 caverns still under construction. The acquisition is earmarked for the IVG Caverns fund, which was launched in 2008 with EUR ...
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PropertyEU Archive
Pramerica in second Swedish JV with Aros
Pramerica Real Estate Investors has announced the formation of a follow-on second joint venture with local partners Aros Management, for residential conversion and development in Sweden. In total the partnership intends to invest SEK 220 mln (EUR 25 mln), which with leverage has the potential to provide a total investment ...
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PropertyEU Archive
Carrefour mulls project to list real estate assets
French retail group Carrefour has confirmed that it is considering listing certain assets to return money to shareholders and improve profits but added that no final decision has been made yet. Although several projects are currently being studied for freeing up the real estate assets, Carrefour said that it intends ...
