All Real Assets articles in Web Issue – Page 64
-
PropertyEU Archive
Beni Stabili completes Comit Fund disposal
Beni Stabili has sold a property in Milan for EUR 22 mln, realising a EUR 12 mln capital gain. The asset, originally bought for EUR 6.9 mln, was previously part of the Comit portfolio, the company said in a press release. The transaction is part of Beni Stabili's ...
-
PropertyEU Archive
HDG buys in Germany, launches Bristol project
HDG Mansur's London office has completed the acquisition of two office buildings in Germany on behalf of the HSBC Amanah Global Properties Income Fund for EUR 48.5 mln. HDG Mansur purchased the 23,600 m[sup]2[/sup] portfolio from German developer Calliston.
-
PropertyEU Archive
Evan Randalls seeks partners to buy trophy buildings
UK investment bank Evan Randalls is actively seeking joint venture partners to buy 'super trophy' real estate investments over the coming year in the wake of its joint purchase last month of the Gherkin in London for EUR 950 mln. The joint venture route will enable the company to acquire ...
-
PropertyEU Archive
Macquairie fund moves into National Car Parks
An infrastructure fund of Austrialia's Macquairie Bank agreed to purchase the car-parking facilities of National Car Parks for £790 mln (EUR 1.15 bn) from private equity firm the 3i Group. National Car Parks is the market leader in the U.K. with 850 car parks providing a total of ...
-
PropertyEU Archive
India's Reliance eyes Carrefour stake
Reliance Industries, India's largest private sector group, may buy a 13% stake in French retailer Carrefour, the Financial Times has reported, citing an unnamed person familiar with the situation. The 13% stake is owned the Halley family, the French company's largest shareholder. The family is said to be divided ...
-
PropertyEU Archive
Green debate gets real at Mipim
A marginal topic just two years ago, sustainability was very firmly on the agenda at this year's Mipim property fair. In one of a series of talks on the link between sustainability and property at this years event, chaired by the Intelligent Building Group, the discussion moved to a ...
-
PropertyEU Archive
Warehouse developers eye multimodal hubs
Multimodal hubs are growing in importance as warehousing locations. That was one of the key conclusions of a seminar entitled 'Logistics warehouses in Europe: the next challenges' held at the Mipim property fair in Cannes yesterday. At present, most goods are transported by truck, but the costs of road transport ...
-
PropertyEU Archive
Immofinanz invests in Romanian mall
Austrian property company Immoeast, a unit of Immofinanz, has acquired a shopping centre project in Costanta, Romania for an investment of EUR 185 mln. Construction of the 90,000-m[sup]2[/sup] space will begin in the summer of 2007, with completion expected in the autumn of 2008. The transaction is ...
-
PropertyEU Archive
AXA REIM acquires insurer's HQ for EUR 101 mln
AXA REIM has acquired the headquarters of insurance company Agis in the Dutch city of Amersfoort for the property fund AXA Immoselect. The investment volume for the transaction comes to approximately EUR 101 mln.
-
PropertyEU Archive
The winners of the 2007 MIPIM Awards are...
Property developments in Belgium, Spain, Germany, the UK and Sri Lanka scooped the prizes at the MIPIM Awards in Cannes. The categories are: refurbished office buildings, business centres, shopping centres, hotel & tourist resorts and residential developments. Here is a list of the winners:
-
PropertyEU Archive
Banks complete EUR 900 mln financing for Multi
Hypo Real Estate Bank International and NIBC Bank have completed an EUR 900 mln financing for property owner and developer Multi Corporation. The funds will be used for a wide range of development projects that Multi is planning with its partner Morgan Stanley Real Estate. Hypo RE said in ...
-
PropertyEU Archive
Max Bogl, Astaldi win Romanian stadium contract
Italian construction company Astaldi and Germany's Max Bogl have been awarded an EUR 120 mln contract to modernise and expand capacity at the 'Lia Manoliu' stadium in Bucharest, Romania. Astaldi said that work on the project is slated to begin in the second quarter of 2007 and ...
-
PropertyEU Archive
Re-born WTC tower wins special award at MIPIM
The new 7 World Trade Center in New York has been awarded the Special Jury Award at the prestigious awards ceremony held at the MIPIM property fair in Cannes.
-
PropertyEU Archive
Balfour Beatty picked for Liverpool Project
British construction and engineering group Balfour Beatty has been awarded £111 mln (EUR 162 mln) in design-and-build contracts from privately-held property group Grosvenor for a multi-use development project in Liverpool. The Liverpool Paradise Project, next to Paradise Street in downtown Liverpool, makes up a significant portion of Grosvenor's 42-acre ...
-
PropertyEU Archive
Orco receives permit for Berlin project at Cannes
The German unit of Luxembourg-based Orco Property Group has been presented with the construction permit for the Fehrelliner residential development. The project will comprise flats, lofts, penthouses and townhouses in Berlin Mitte.
-
PropertyEU Archive
KarstadtQuelle denies plans to sell stores
German retailer KarstadtQuelle has denied that it had plans to dispose of stores. The company made the statement on Friday after the Financial Times Deutschland reported that up to 30% of its 90 department stores could be sold. 'These stores are not for sale or closure,' a KarstadtQuelle spokesman ...
-
PropertyEU Archive
Mirland may expand to Russian hotels and logistics
Russia-focused property developer Mirland Development is considering expanding its activities in Russia to include hotels and logistics. The developer, which was floated on the London Stock Exchange in December 2006, pointed to a lack of first-class international hotels in Moscow, St. Petersburg and the other Russian cities with populations over ...
-
PropertyEU Archive
Primary Health Properties to raise funds for growth
Primary Health Properties has said that it will raise £38.6 mln (EUR 56.5 mln) to fund further growth. The financing will be raised through the issue of 9.3 million shares to institutional investors and qualified shareholders at a price of 430 pence per share.
-
PropertyEU Archive
KPMG merges RE, hedge fund and infrastructure activities in new unit
KPMG has brought its hedge fund, real estate and infrastructure businesses together in an 'Alternative Investment Group'. Tony Rocker, the head of the new unit, said that the alternative investment market is at a turning point. 'The demand for assets and investment opportunities means the barriers between traditionally separate sectors ...
-
PropertyEU Archive
Developers buy 'Ireland' on St Patrick's Day
An Irish business consortium has purchased the island of Ireland in 'The World' project off the coast of Dubai from real estate developer Nakheel Properties for AED 142 mln (EUR 29 mln). The announcement of the sale was timed to coincide with St Patrick's Day on 17 March.
