All Real Assets articles in Web Issue – Page 651
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PropertyEU Archive
LSR signs financing partnership with North-West Bank
Russian developer LSR Group said this week that it has signed a 'strategic partnership agreement' with North-West Bank, part of the Sberbank Group, which envisages the provision of new debt facilities to finance LSR Group's major development projects.
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PropertyEU Archive
French commercial property returns to capital growth
French commercial real estate values rebounded at a faster rate over the second half of 2010, at 2.8%, an increase of 110 basis points on H1, according to the IPD France Bi-Annual Property Index.
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PropertyEU Archive
HRE Group reports pre-tax profit in 4Q 2010
Germany’s HRE Group - which includes its core bank Deutsche Pfandbriefbank - posted a pre-tax profit of EUR268 mln during the fourth quarter of 2010, significantly reducing its loss for the full year, the company announced in a statement on Thursday.
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PropertyEU Archive
IVG posts strong 2010 results after turnaround
IVG Immobilien posted a profit of over EUR 23 mln in 2010, returning to positive territory after two years of losses. Germany's largest property company by market capitalisation said that the result confirms 'not only a stabilisation of real estate markets but also the success of the operative and financial ...
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PropertyEU Archive
Aguirre Newman appointed to sell 428 Santander bank branches
Drago Real Estate Partners has picked Aguirre Newman for the sale of a portfolio of Santander bank branches across Spain. The fund, which is managed by Spanish private equity firm Drago Capital, is putting 428 bank branches on the market over three years after acquiring the assets as part of ...
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PropertyEU Archive
Perella buys Spanish loan portfolio at 45% discount
UK state-controlled lender Royal Bank of Scotland (RBS) has sold a portfolio of Spanish mortgage loans with a face value of EUR 290 mln to US private equity firm Perella Weinberg, PropertyEU has learned. The loan portfolio was sold for EUR 160 mln in cash, or a discount to face ...
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PropertyEU Archive
First Atlantic snaps up Milan's Rinascente for EUR 472m
Italian fund manager Prelios Sgr has announced the sale of the historic Rinascente building located in Milan's Piazza Duomo for EUR 472 mln, representing a gross yield of 4.7%. The landmark department store was sold to the Ippocrate investment fund, which is majority-owned by the privatised pension fund for Italian ...
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PropertyEU Archive
Conwert to sell EUR 700m commercial portfolio
Vienna-listed residential property firm Conwert Immobilien Invest unveilled plans this week to sell its commercial real estate portfolio which was acquired last year through the takeover of peer Eco Business-Immobilien.
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PropertyEU Archive
Plaza Centers back into the black
Central and Eastern European retail specialist Plaza Centers swung into the black in 2010 with a profit of EUR 10 mln after a loss of EUR 65 mln in 2009. The positive result was mostly due to an increase in income derived from the operation of recently-opened assets and investments ...
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PropertyEU Archive
Shard owners bag London's Park House
Barwa Real Estate has sold its interest in the Park House office scheme on London's Oxford Street to the Qatari owners of London's Shard tower less than a year after buying the building for £250 mln (EUR 286 mln).
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PropertyEU Archive
UK to lift barriers on REIT regime
Proposals announced by Chancellor George Osborne to simplify the UK's Real Estate Investment Trust (REIT) regime go beyond 'the most optimistic' prospects that the industry could have predicted, according to the British Property Federation (BPF).
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PropertyEU Archive
JLL names new head of Tenant Representation in Romania
Jones Lang LaSalle (JLL) said that it has appointed Lori Collin to the position of head of Tenant Representation in Romania. Collin joined JLL in January 2008 as senior consultant of the local staff, with responsibility for important corporate accounts such as Microsoft, MasterCard, Cisco, Merck Sharp & Dohme, Intel, ...
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PropertyEU Archive
Schöningh takes reins at Homburg Invest
Richard Homburg, founder and controlling shareholder of Homburg Invest, has announced his intention to step down from his roles as chairman of the Board, Chief Executive Officer and director of Homburg Invest 'in order to focus on developing a privately-owned global real estate venture'.
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PropertyEU Archive
Benson Elliot, GCI seal EUR 138m refinancing for Paris' Opéra Portfolio
Private equity real estate firm Benson Elliot Capital Management (Benson Elliot) and Générale Continentale Investissements (GCI) have clinched a EUR 138 mln debt restructuring of the 36,000 m[sup]2[/sup] Opéra Portfolio in the first refinancing of securitised debt to be completed in France since the start of the credit crisis.
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PropertyEU Archive
Goodman to build 2nd facility for Amazon in Germany
Global logistics operator Goodman has signed its second contract in four weeks to develop a 110,000 m[sup]2[/sup] pre-committed logistics centre for online e-commerce provider Amazon. Goodman will develop the new facility in Graben, south of Augsburg in Germany.
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PropertyEU Archive
Income returns drive growth for non-listed funds in Q4
Strong income returns of 1.3% helped the non-listed real estate funds sector deliver improved performance in the final quarter of 2010, with total returns up on the third quarter from 1.6% to 1.9%, according to the latest INREV Quarterly Index.
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PropertyEU Archive
Leading property firms launch major sustainability alliance
A number of leading global real estate companies announced the launch on Friday of a partnership dedicated to assessing and improving the environmental performance of existing buildings. Main partners include AEW Europe, Allianz Real Estate, AXA Real Estate, GE Capital Real Estate Europe, ING Real Estate Investment Management, KanAm Grund ...
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PropertyEU Archive
Nami buys office building from Real I.S.
Nami Investment, the real estate investment group majority-owned by Natixis Assurances and managed by AEW Europe, has acquired an office building in Levallois Perret, near Paris, from German asset manager Real I.S. for an undisclosed amount.
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PropertyEU Archive
Carlyle sells Stockholm's Kadetten office scheme
Global alternative asset manager the Carlyle Group (Carlyle) has sold the Kadetten 29 property in central Stockholm to Swedish real estate company Kjell Ericsson & Partner Fastighetsförädling. The companies agreed not to disclose the purchase price.
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PropertyEU Archive
Niam snaps up Heron City mall in Stockholm
Nordic investor Niam has acquired the Heron City shopping centre in Kungens Kurva, Stockholm on behalf of its Niam Nordic Fund IV, which is now fully invested. The asset was sold by UK property investment and development company Heron International.
