All Real Assets articles in Web Issue – Page 634
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PropertyEU Archive
BNP Paribas RE buys Milan asset from administration
BNP Paribas Real Estate's Italian real estate development arm has acquired a vacant office building at Via Legioni Romane in Milan out of administration for an undisclosed amount. The seller is Legioni Romane Properties srl, which is owned by Reif 3, a 50/50 partnership of Aedes Immobiliare and Cordea Savills.
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PropertyEU Archive
Real IS bags Ansgarhof property in Hamburg
German fund manager Real IS has purchased the Ansgarhof office building at Hamburg's Valentinskamp for its Spezialfonds BGV IV. The property was sold for an undisclosed amount by Tishman Speyer.
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PropertyEU Archive
First Atlantic in exclusivity to buy Rinascente building
First Atlantic Real Estate is in exclusive negotiations to acquire the historic Rinascente building located in Milan's Piazza Duomo for EUR 460-480 mln, representing a yield of 5%, well-informed market sources have told PropertyEU.
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PropertyEU Archive
BL, Blackstone get go-ahead for Bishopsgate revamp
Bluebutton Properties, a partnership of British Land and Blackstone Group, has received planning consent for the major refurbishment of 199 Bishopsgate in the City of London. The scheme, which is due for completion at the end of next year, will deliver 13,200 m[sup]2[/sup] of office accommodation.
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PropertyEU Archive
Europa Capital JV gets green light for Windsor project
A joint venture of Europa Capital and St Congar Properties has secured planning consent for its 25,500-m[sup]2[/sup] office project at Imperial House in Windsor, near London. The development is to be laid out on the 1.9 hectare landscaped site and comprises four office buildings with 495 car spaces arranged around ...
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PropertyEU Archive
CBRE clinches ING REIM deal
CB Richard Ellis Group is to acquire the majority of the real estate investment management business of Netherlands-based ING Group for $940 mln (EUR 696 mln) in cash.
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PropertyEU Archive
IVG issues new Paris fund for institutional investors
IVG Institutional Funds has issued a Paris-focused real estate investment fund with a volume of around EUR 250 mln. The fund has a term of 10 years.
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PropertyEU Archive
Prime Milan rents to remain stable: Savills
Following some slight growth in rental values for prime offices in 2010 for Milan's Central Business District (CBD), from EUR 460 m[sup]2[/sup] per year in Q4 2009 to EUR 500 per m[sup]2[/sup] per year in Q4 2010, Savills expects prime office rents to remain stable throughout 2011.
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PropertyEU Archive
Warburg - Henderson buys Portal 10 in Münster
Hochtief Projektentwicklung has sold Portal 10, an office and medical facility in Münster, Germany to fund management joint venture Warburg - Henderson. The purchase price was in the double-digit millions. The property on Albersloher Weg has a total rental area of 6,600 m[sup]2[/sup] and was completed in fall 2010.
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PropertyEU Archive
British Land buys Green Lanes mall for EUR 35m
British Land has exchanged contracts for the purchase of the leasehold interest in the Green Lanes shopping centre in Barnstaple, UK for £30 mln (EUR 35.5 mln).
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PropertyEU Archive
Savills, Fap offer finance advice to developers
Financial advisor Flatow AdvisoryPartners (FAP) and international real estate advisor Savills have formed a collaboration to provide finance and transactional advice in the property development market.
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PropertyEU Archive
Tag execs appointed to Colonia board
Two executives of Tag Immobilien have been appointed to the management board of Colonia Real Estate. The appointments of Rolf Elgeti and Hans-Ulrich Sutter, respectively CEO and chief financial officer of Tag, come after the Hamburg-based property company increased its shareholding in Colonia to just over 50%.
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PropertyEU Archive
Hendrikse to head European arm of CBREI-ING REIM
Pieter Hendrikse, CEO of ING REIM Europe, will be the new European CEO of the mammoth real estate investment fund manager to emerge from the combination with CBRE Investors.
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PropertyEU Archive
Treasury gets green light for Battersea project
Treasury Holdings's planning application for the redevelopment of Battersea Power Station site in London has been approved by the UK Secretary of State for Communities and Local Government Eric Pickles.
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PropertyEU Archive
Cultural factors made CBRE preferred buyer: White
CB Richard Ellis was the buyer of choice for ING REIM's management team for a number of reasons, making the US brokerage group the clear winner in the takeover of the fund manager's European and Asian operations, CEO Brett White of CBRE Group said in a conference call to analysts ...
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PropertyEU Archive
Multi buys German shopping centre manager
Multi Mall Management Germany has acquired 100% of the shares of Hamburg-based SEC Center Management which manages nine shopping centres.
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PropertyEU Archive
UK Commercial buys Leicester retail park
UK Commercial Property Trust has bought St George's retail park in Leicester from a fund managed by JP Morgan Asset Management for £49.9 mln (EUR 59 mln).
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PropertyEU Archive
Goodman to develop warehouse in Leipzig
Goodman Group has signed a deal with DB Schenker Logistics for a 63,000 m[sup]2[/sup] pre-committed warehouse development in Leipzig, Germany. Schenker Deutschland will provide logistics services for BMW at the new facility and is expected to create up to 600 new jobs when it is fully operational. Upon completion the ...
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PropertyEU Archive
Swiss Life launches OPCI for retail investors
Insurance group Swiss Life has announced that it is teaming up with real estate investment manager Viveris REIM to launch a French Organisme de Placement Collectif en Immobilier (OPCI) investment vehicle for retail investors.
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PropertyEU Archive
Vailog to build 32,000-m[sup]2[/sup] shed for Geodis
Italian industrial real estate developer and investor Vailog is starting construction of a new distribution centre in the CSG logistics park in Castel San Giovanni, near Milan. The 32,000-m[sup]2[/sup] facility will be developed for Geodis Logistics, which has agreed to occupy the property in full.
