All Real Assets articles in Web Issue – Page 656
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PropertyEU Archive
Panattoni to build new Polish facility for Tech Data
Logistics group Panattoni Europe will start construction this month of a second 17,000-m[sup]2[/sup] building in its Park Swiecice distribution centre near Warsaw following the signing of a lease with IT distributor Tech Data. The new agreement brings the total occupancy rate at the Panattoni Park Swiecice development project to 100%.
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PropertyEU Archive
Tour Eiffel buys spec development near Paris
French REIT Societe de la Tour Eiffel (STE) said on Tuesday that it has committed to the acquisition of a speculative office development project in the southern Parisian district of Montrouge from construction conglomerate Vinci Construction group for EUR 25 mln.
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PropertyEU Archive
RREEF poised to move up the risk curve
RREEF, the real estate investment vehicle of Deutsche Bank, is gearing up to move up the risk curve, Gianluca Muzzi, managing director of RREEF Europe (excluding Germany) told PropertyEU. 'Investment has been mainly focused on the UK, and core countries in Continental Europe like France and Germany. But we are ...
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PropertyEU Archive
Echo starts development of Galeria Olimpia in Poland
Polish property company Echo Investment has started construction of the Galeria Olimpia shopping centre in Belchatów, central Poland. The scheme, which is scheduled for opening in August 2012, will offer 30,500 m[sup]2[/sup] of retail space across 100 shops and 1,100 parking spaces.
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PropertyEU Archive
RREEF sells Gothenburg property to Swedish pension fund
RREEF Deutschland, the German real estate fund management arm of Deutsche Bank, has sold the Gullbergs Vass office and retail scheme in Gothenburg, Sweden's second largest city to the Swedish pension fund Alecta Pensionsförsäkring for SEK 422 mln (EUR 47 mln). The property was owned by RREEF's open-ended property fund, ...
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PropertyEU Archive
Property warrants larger share of global portfolios: ING REIM
Real estate warrants a larger share of global multi-asset portfolios than it now commands, according to the latest research from ING Real Estate Investment Management.
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PropertyEU Archive
GOEFs carry out EUR 10.9b of transactions in 2010
German open-ended real estate funds (GOEFs) took advantage of favourable conditions in 2010 to increase their trading activities, particularly in cross-border transactions. In all, the funds bought and sold 173 assets for a total of EUR 10.9 bn, according to a new report published by the German fund association BVI.
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PropertyEU Archive
Union Investment sells top Parisian hotel for EUR 215m
German fund manager Union Investment has announced the sale of the 5-star Marriott Champs-Elysées hotel in a deal worth some EUR 215 mln to an undisclosed buyer.
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PropertyEU Archive
MSREF sells EUR 450m European hotel portfolio
Morgan Stanley Real Estate Funds (MSREF) has sold a portfolio of European hotels to Lebanese businessman Toufic Aboukhater for around EUR 450 mln, well-informed market sources confirmed to PropertyEU.
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PropertyEU Archive
GE Capital sells 50% of Mercuriales towers
French management group Colbert has acquired the remaining 50% stake it did not own in the Mercuriales twin towers in Bagnolet, in the eastern suburbs of Paris from GE Capital. The financial details were not disclosed.
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PropertyEU Archive
Aedes names new CEO
Italian real estate fund manager Aedes Immobiliare has appointed Filippo-Maria Carbonari as new CEO of the group, following the departure of Francesco Montescani.
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PropertyEU Archive
Column: Pension fund reforms could boost REITS
With defined contribution (DC) gradually taking over from defined benefits (DB) as the pension scheme of choice, the European listed property sector has an excellent opportunity to deliver its potential, writes Gareth Lewis, director of finance at EPRA.
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PropertyEU Archive
ECE to manage Modoo shopping centre in Oviedo
Auxideico, the Spanish subsidiary of German shopping centre specialist ECE, has taken over the management of Modoo centre in Oviedo, the capital city of the Principality of Asturias in northern Spain.
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PropertyEU Archive
Spanish commercial property returns to positive territory
Spanish commercial property delivered a positive total return in 2010 of 4.9%, a substantial improvement on a negative result of 9.3% in 2009, according to the IPD Spain Annual Property Index.
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PropertyEU Archive
Investors will opt for smaller deals to minimise risk, Gilbertson predict
In April, professor Barry Gilbertson retires as a partner specialising in strategic advice on real estate assets at PricewaterhouseCoopers and become a non-executive consultant at Knight Frank. A leading property receiver, Gilbertson (60) was involved in the workout of $15 bn (EUR 10.6 bn) in real estate assets owned and ...
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PropertyEU Archive
SLI predicts near double digit returns for RE
Standard Life Investments, a leading investment house and one of the largest real estate investors in Europe, predicts close to double digit annual returns for global commercial real estate markets over the medium term.
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PropertyEU Archive
Unibail-Rodamco gets green light for Triangle in Paris
Unibail-Rodamco has been given the green light to go ahead with the development of a 180-metre high Triangle-shaped office tower in Paris. The construction costs for the 'Triangle' project are estimated at around EUR 500 mln.
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PropertyEU Archive
Pramerica snaps up two retail assets for EUR 40m
Pramerica Real Estate Investors, part of US group Prudential Financial, has acquired two adjacent retail properties in Würzburg, in the northern tip of Bavaria, Germany for around EUR 40 mln. The acquisition was made on behalf of a spezialfonds of the group's German arm, TMW Pramerica Property Investment.
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PropertyEU Archive
Delancey in debt move on EUR 514m City complex - report
UK real estate fund manager Delancey is near to taking over control of the EUR 524 mln Plantation Place complex in the City of London via a 'loan-to-own' strategy, according to UK media reports.
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PropertyEU Archive
German pension scheme acquires office building in Brussels
German fund manager iii-investments has acquired an office building in Brussels for about EUR 33 mln on behalf of a special fund. The property was owned by the German-based company Provinzial Holding.
