All Real Assets articles in Web Issue – Page 63
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PropertyEU Archive
Turkish retail investment rises threefold in 2006
Retail investment volume in Turkey increased threefold last year to EUR 770 mln compared with 2005, according to a report by Jones Lang LaSalle (JLL). Turkey's EU accession plans, a stabilising economy, increasing transparency and retailer demand are fuelling the boom in real estate foreign investment, which accounted for EUR ...
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PropertyEU Archive
Generali plans EUR 7 bn investment in European property
Italy's Generali plans to invest up to EUR 7 bn in European property in the coming three years. The company is also considering shifting assets into a real estate investment trust (REIT), Generali property investment's general manager Giovanni Paviera told news agency Reuters.
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PropertyEU Archive
ThyssenKrupp sells off German assets
German steelmaker ThyssenKrupp has sold the Dreischeibenhaus portfolio and its current head office in Düsseldorf to a consortium of real estate investors comprising Deutsche Bank's RREEF Global Opportunities Fund II, Harder & Partner, Hockenheim and Habacker Holding.
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PropertyEU Archive
CGG snaps up Bouygues Telecom HQ near Paris
German property group Commerz Grundbesitz (CGG) will pay EUR 260 mln for the Technopole Bouygues Telecom development in Meudon, a municipality in southwestern Paris. Developed by French builder Bouygues Immobilier, the site will offer some 53,000 m[sup]2[/sup] of mixed areas and 2,000 parking spaces and will be let to Bouygues ...
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PropertyEU Archive
Europa Capital launches Eastern Europe fund
Real estate fund manager Europa Capital is launching a new opportunity fund, the Europa Emerging Europe Fund, which will target investment opportunities in Eastern and South Eastern European countries. The fund aims to invest some EUR 600 mln in Romania, Bulgaria, Ukraine, Turkey and the Western Balkans.
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PropertyEU Archive
Plaza clinches second Romanian deal
Plaza Centers has concluded its second transaction in Romania through the purchase of a 31,800 m[sup]2[/sup] plot of land in Timisoara, West Romania. Plaza is planning to develop a 30,000 m[sup]2[/sup] shopping centre and about 20,000 m[sup]2[/sup] of new mixed retail, office and residential space adjacent to the mall. The ...
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PropertyEU Archive
DEGI purchases Parisian properties in trade-off
DEGI International Fund has acquired five connected office buildings and two residential properties located at 4-8, rue Condorcet in the ninth arrondissement of Paris, for EUR 142 mln. The portfolio provides some 25,137 m[sup]2[/sup] of space let entirely to gas company Gaz de France. The transaction was part of a ...
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PropertyEU Archive
Raven, EGL develop Moscow warehouse
Property investment company Raven Russia has agreed to fund and develop a $56 mln warehouse near Sheremetyevo, Moscow's second-biggest airport, in a venture with Turkey's EGL Holdings. The 55.000 m[sup]2[/sup] site is due for completion in the third quarter of 2008.
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PropertyEU Archive
Office property takes off as EU economy recovers
Demand for office space in major cities across Europe has continued to rise in the last six months, and this trend is expected to continue into 2007, according to the European Office Market Review by the international advisor GVA Worldwide. Improvement in economic conditions across the continent is boosting the ...
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PropertyEU Archive
W Hotels enters Italy
Hotel chain Starwood Hotels & Resorts Worldwide and Italian real estate company Gruppo Statuto have set up a joint venture to launch the first W Hotel in Italy. Located in the heart of Milan's cultural district Brera, the hotel will occupy a converted mid-20th century building and comprise 76 rooms, ...
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PropertyEU Archive
Ernst & Young hired for three G-REIT launches
Professional services firm Ernst & Young has secured three engagements to help three German real estate companies float on the stock market and convert to a tax-efficient real estate investment trust (REIT). German legislators are working out the fine print of the legislation and the German or G-REIT is likely ...
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PropertyEU Archive
Israeli firms invest in high-tech park
Two Israeli companies have acquired a high-tech industrial park near Cologne, eastern Germany, for EUR 106.7 mln. Property and Building Ltd and Electra Ltd conducted the purchase through a foreign subsidiary in which each company has a 42.5% stake.
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PropertyEU Archive
Hansteen shops in Germany and Holland
Hansteen, a holding set up by Morgan Jones and Ian Watson, has acquired two prime logistics properties in Houten, the Netherlands, for EUR 17.3 mln. It has also bought a portfolio of 13 properties in Neckarsulm, southwestern Germany, for EUR 16 mln.
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PropertyEU Archive
Beni Stabili looks for opportunities to spend EUR 1 bn
Beni Stabili could invest up to EUR 1 bn for acquisitions as it is actively looking for new opportunities in the property sector, ceo Aldo Mazzocco has told analysts. Mazzocco said that the debt-equity ratio of the group will remain at a good level during this anticipated acquisition spree. The ...
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PropertyEU Archive
PEPR adds 15 distribution facilities to portfolio
Prologis European Properties (PEPR) quoted on the Euronext stock exchange said that it would purchase a portfolio of properties for a total of EUR 215.4 mln from its founder, Denver-based Prologis. The properties acquired consist of 15 newly constructed and fully-leased distribution facilities in Belgium, the Czech Republic, France, Germany, ...
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PropertyEU Archive
HDG to acquire logistics centres in Rotterdam
International property company HDG Mansur has committed to the purchase of two large logistics developments in the Dutch city of Rotterdam. One of the projects will provide 20,000 m[sup]2[/sup] of lettable space. The other will have 30,000 m[sup]2[/sup]. The financial details of the sale on completion transaction were not disclosed.
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PropertyEU Archive
Banif acquires Paris office
Group Santander's Banif Banque Privée unit has purchased a building in the 12th arrondissement of Paris from international property group Tishman Speyer for EUR 125 mln. The property, acquired in partnership with another investor, comprises about 24,000 m[sup]2[/sup] of office space and 339 parking spaces, French newspaper Business Immo reported. ...
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PropertyEU Archive
Gazit Globe acquires Dusseldorf commercial centre
Israeli Gazit-Globe has bought a 10.000 m[sup]2[/sup] commercial centre in Düsseldorf, Germany, for EUR 20 mln. The acquisition 'is in line with our strategy of establishing a leading business platform in Germany with a focus on urban areas,' Gazit-Globe Europe's president Amir Gal said in a statement. 'This acquisition marks ...
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PropertyEU Archive
Actys to manage Irish group's Dutch portfolio
Actys is to takeover the management of the entire Dutch property portfolio of the Irish investor Blackrock International Land. The portfolio consists of office buildings in
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PropertyEU Archive
Travelodge invests in London hotels ahead of Olympics
Budget hotel chain Travelodge said that it was investing £140 mln (EUR 205 mln) to build 20 new hotels and 3,500 rooms in London in time for the 2012 Olympic Games, in an expansion it says will make it the city’s largest hotelier. The expansion will double the ...
