All Real Assets articles in Web Issue – Page 65
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PropertyEU Archive
Delek Global announces EUR 1bn AIM placement
Delek Global Real Estate (DGRE) is to issue 22% of its share capital to institutional investors in a private placement on London's Alternative Investment Market (AIM). The company is part of the Israeli group Belron International. It plans to offer the shares at 225p to 290p, valuing the company at ...
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PropertyEU Archive
Halverton acquires Dutch offices for H20 fund
Halverton Real Estate Investment Management has completed its first acquisition in the Netherlands for its H20 fund which is focused on multi-let office buildings in Europe. The fund is currently backed by BGP UK Investments and its target is EUR 1 bn in property investments. The first Dutch acquisition is ...
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PropertyEU Archive
Freeport recommends Carlyle EUR 227m takeover bid
Freeport, a UK developer and operator of retail outlet shopping centres in Europe, has backed a £155.3 mln (EUR 227 mln) offer from private equity firm Carlyle. The announcement of the 410 pence cash offer from CEREP Investment I SARL, which is owned by Carlyle, came as a surprise to ...
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PropertyEU Archive
Singapore commits EUR 75m to RE in provincial France
The government of Singapore has committed EUR 75 mln to Rynda en Primeur, a fund that invests in real estate in provincial areas of France. The fund is managed by Rynda Property Investors and has already acquired EUR 128 mln in assets. Singapore made the investment through its real estate ...
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PropertyEU Archive
CapMan acquires warehouse in Tampere
Private equity real estate fund CapMan RE II has acquired a property located at Viinikankatu 49 in the Finnish city of Tampere. The complex, dating from 1968, comprises 10,000 m[sup]2[/sup] of almost fully let commercial and warehouse space. The financial details of the transaction were not disclosed. 'CapMan RE II ...
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PropertyEU Archive
Park Inn opens at Liege Airport
Rezidor Hotel Group has opened the first Park Inn hotel at Liege Airport - also the first Park Inn in the Benelux region. The Park Inn Liege Hotel has 100 rooms, increasing the total number of new Rezidor rooms opened in 2007 to 2,500. Between 2007 and 2009, Rezidor will ...
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PropertyEU Archive
Land Securities backs Global Cities exhibition
Land Securities, the largest real estate investment trust (REIT) in the UK, is sponsoring an international architecture-themed exhibition at London's Tate Modern gallery. The Global Cities exhibition will highlight the 'growing global influence of the world's mega-cities', Land Securities said in a statement. The exhibition will feature four leading ...
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PropertyEU Archive
Blackstone's IPO u-turn intrigues market
Reports that private equity group Blackstone is working intensively on an initial public offering of up to 10% of the firm continue to tantalise market watchers. It has been estimated that a public offering could value Blackstone at more than $20 bn. Yet, Stephen Schwarzman, Blackstone's ceo, is on record ...
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PropertyEU Archive
W.P. Carey completes German sale and leaseback financing
W. P. Carey International has provided approximately EUR 31 mln in long-term financing through the sale and leaseback of three manufacturing facilities owned by Gortz+Schiele, a German manufacturer of precision engine blocks in Germany, the US and Mexico.
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PropertyEU Archive
Malcolm Group leases logistics space in Glasgow's Westway
London-based property company Moorfield has clinched the single largest letting deal to date at its Westway complex in Glasgow. The Malcolm Group, described as Scotland's largest distribution company, has leased a total of 10,498 m[sup]2[/sup] (113,000 square feet) in Block K at Westway for £3.29 per square foot. Property advisor ...
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PropertyEU Archive
JLL forecasts sun for 12 key RE markets
With $5 of investment chasing every $1 of product, 2007 should be another strong year for investment markets, according to Tony Horrell, ceo of European capital markets at Jones Lang LaSalle. 'Returns will continue to be attractive as investor interest in established markets remains strong and tomorrow's emerging markets get ...
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PropertyEU Archive
Dawnay Day set to invest EUR135m in Romania
Dawnay Day, a British investment and financial services group, has said it will invest EUR 135 mln in two real estate projects in Cluj-Napoca and Arad, western Romania, within the next two years, Romanian newspaper Ziarul Financiar has reported. The Cluj-Napoca project, located in the city centre, will include a ...
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PropertyEU Archive
Arab Investments acquires EUR 300m of German properties
Arab Investments Limited, advised by Savills, has acquired EUR 300 mln of German-based properties as part of its drive to build a EUR 500 mln portfolio for the shariah compliant fund. The UK property company has invested in 12 properties, and has a further EUR 250 mln under offer. The ...
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PropertyEU Archive
Big Yellow to acquire REIT status
Big Yellow, a leading UK self-storage company, is set to join the ranks of British real estate investment trusts (REITs), as the group's disagreement with the country's tax officials has been solved and HM Revenue & Customs has withdrawn its objection to the change in tax treatment of Big Yellow's ...
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PropertyEU Archive
IVG acquires French office
German property company IVG Immobilien has acquired a 25,000 m[sup]2[/sup] office development in Asnieres, central France, from peer Eiffage Immobilier. The so-called Front Office building, designed by the architecture company MP&A, is planned for delivery in 2009, French paper Business Immo reported. The financial details of this transaction have not ...
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PropertyEU Archive
G-REIT on course for April introduction
The legislation for the German real estate investment trust (G-REIT) is expected to be approved by lawmakers in time for introduction in April. Finance experts of the SPD and CDU/CSU coalition parties have agreed on the final draft and the two parties themselves will discuss the legislation on Wednesday. If ...
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PropertyEU Archive
Riofisa to develop Madrid business park
Spanish property company Riofisa has acquired a plot of land in Madrid's Fernando de Henares district and is planning to develop a new business park on the site for a total investment of EUR 81 mln. The park will include some 56,540 m[sup]2[/sup] of space for logistics, industrial and office ...
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PropertyEU Archive
Plaza Centers opens mall in Poland
Plaza Centers has completed and opened the Rybnik Plaza shopping and entertainment centre in the southern Polish city of Rybnik. It comprises 18,000 m[sup]2[/sup] of gross lettable area and 470 parking spaces. The fully-let property was sold prior to completion to the French property group Klepierre, and the formal handover ...
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PropertyEU Archive
Hansteen stakes out place in continental Europe
European property investor Hansteen has acquired £150 mln (EUR 221 mln) of property at yields in excess of 8% per annum since it was incorporated and listed on London Stock Exchange's AIM market in November 2005. Hansteen was established by Ian Watson and Morgan Jones who were previously founders ...
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PropertyEU Archive
Corio takes interest in two Istanbul malls
Corio, the Amsterdam and Paris listed property company, is to take stakes in two shopping centres under construction in Istanbul. The acquisitions fit into its strategy to build a critical mass in Turkey, one of its core markets, the company said. The first agreement involves Corio and Akis, a shareholder ...
