All Real Assets articles in Web Issue – Page 636
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PropertyEU Archive
Alstria strikes in Hamburg in 3rd deal this year
German listed property company Alstria office REIT has agreed to acquire a single fully let office building in Hamburg. The financial details were not disclosed but CEO Olivier Elamine said, 'This is the third asset acquired by Alstria in our core market of Hamburg this year'.
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PropertyEU Archive
Sagax, Hemfosa sell offices for EUR 43m
Söderport Properties, a 50/50 joint venture of Swedish listed companies Sagax and Hemfosa Fastigheter, has sold a portfolio of six office properties in central Malmo, Sweden. The transaction price amounts to around SEK 380 mln (EUR 43 mln) and is in line with the assets' current market value.
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PropertyEU Archive
CPPIB buys 50% stake in EUR 700m Centro deal: report
Canada Pension Plan Investment Board (CPPIB) has declined to comment on a media report suggesting it is acquiring a 50% stake in the massive Centro retail scheme near Dusseldorf for EUR 700 mln.
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PropertyEU Archive
Hines seals EUR 50m refinancing of Spanish mall
US developer, investor and investment manager Hines has reached an agreement with German lender Eurohypo for the refinancing of its Zielo shopping centre in the Spanish city of Pozuelo de Alarcon, near Madrid. Eurohypo will provide a new financing facility of EUR 50 mln for the LEED-certified mall.
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PropertyEU Archive
Icade plans EUR 900m development drive
French property company Icade said that it is planning to re-invest the proceeds from the sale of its EUR 2 bn housing portfolio into commercial property assets 'generating immediate secure cash flows'.
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PropertyEU Archive
NREP buys two logistics assets in Sweden
Nordic Real Estate Partners (NREP) has signed an agreement to acquire two logistics assets in Sweden from property company Kilenkrysset for SEK 445 mln (EUR 51 mln).
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PropertyEU Archive
Overseas interest booms in Madrid: Savills
Overseas interest in Madrid offices accounted for a 31% increase in transactions in 2010, up from 2% in 2009, according to a Savills report.
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PropertyEU Archive
Bouygues consortium to develop Defence Ministry HQ
The French Ministry of Defence has chosen a Bouygues-led consortium for the development of its future headquarters on the 16-hectare Balard site, south of the 15th arrondissement of Paris.
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PropertyEU Archive
Christie + Co to market UK Campanile Hotels
Christie + Co has been instructed by the Louvre Hotels group to market 18 Campanile hotels in the UK. The hotels are spread across the UK in key locations such as Cardiff, Glasgow, Birmingham, Liverpool, and Manchester, and comprise 1,548 bedrooms in total.
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PropertyEU Archive
Deka sells Brussels office for EUR 15m
German fund manager Deka Immobilien has sold a 7,300-m[sup]2[/sup] office property in the Brussels' suburb of Woluwe for EUR 15 mln. The buyer is Ethias, the third largest insurer in Belgium. The asset was owned by Deka's open-ended real estate fund Westinvest Interselect since 1997 and was sold to ...
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PropertyEU Archive
CDS to develop and sell 6,500-m[sup]2[/sup] asset to Lidl
Italian real estate developer and investor CDS has signed an agreement with discount supermarket chain Lidl for the development and subsequent sale of a 6,500-m[sup]2[/sup] retail asset in Vicenza, Northern Italy. The financial details were not disclosed.
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PropertyEU Archive
Aareal reports EUR 6.7 bn new business in 2010
German lender Aareal saw new business generated by its structured property financing jump from EUR 3.8 bn to EUR 6.7 bn in the 2010 financial year. The result significantly exceeded the target range of EUR 4-5 bn and was up by 74% on the level of new business in 2009.
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PropertyEU Archive
Morgan Sindall in £500m PPP with Bournemouth City
The municipality of Bournemouth has announced the creation of a Local Asset Backed Vehicle with UK construction group Morgan Sindall (MSIL) for the development of a mixed-use scheme in the UK city with an estimated value of between £350 mln (EUR 415 mln) and £500 mln.
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PropertyEU Archive
HGI teams up with Istithmar in EUR 83m King's Cross project
Henderson Global Investors has entered into a joint venture with Istithmar P&O Estates (IP&OE) to develop the final phase of Regent Quarter; its mixed-use regeneration scheme located on York Way, adjacent to King's Cross Station, London.
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PropertyEU Archive
Newsec AM receives environmental cert
Newsec Asset Management is among the first property managers in Sweden to have received environmental certification in accordance with ISO 14001 for its environmental management system.
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PropertyEU Archive
Amundi buys from IVG in Paris
French real estate investment manager Amundi Immobilier has acquired the Quai 50 office building from Germany's IVG Institutional Funds for an undisclosed amount.
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PropertyEU Archive
Cap & Reg completes Waterside mall deal
UK company Capital & Regional has completed the acquisition of The Waterside Shopping Centre in the cathedral city of Lincoln from clients of investment manager Prupim for £24.8 mln (EUR 29 mln). The transaction was first announced on 9 February.
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PropertyEU Archive
Sonae Sierra signs contracts in Italy and Romania
Sonae Sierra, the international shopping centre specialist, has signed three important contacts: one for the provision of marketing services for a commercial project in Italy, and two tenant contracts for the Adora Mall development in Romania.
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PropertyEU Archive
Global office revival firmly entrenched: DTZ
The outlook for global commercial property markets will be determined by the exact future path of the two-speed economic recovery currently underway, according to DTZ's 2011 Global Outlook report. Strong GDP growth projections in most Asian and CEE countries will trigger strong occupier demand. In turn, this underpins strong rental ...
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PropertyEU Archive
Gawein Minks named MD of Multi Ukraine
Gawein Minks, a senior developer in Multi Corporation's Dutch headquarters for the last 5 years is to be based permanently in Kiev as managing director of Multi Ukraine from 1 March. Minks has been increasingly focusing on the Ukraine market since mid-November and more since the departure of his predecessor ...
