All Real Assets articles in Web Issue – Page 658
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PropertyEU Archive
Hatfield Philips launches European property debt research
Hatfield Philips International (HPI) has announced it is conducting new research into the European commercial real estate market. The independent primary and special servicer is inviting commercial real estate professionals to take part in an online survey at www.hatfieldphilips.com.
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PropertyEU Archive
ECE Türkiye to manage two new malls
ECE Türkiye, a subsidiary of Germany-based ECE, has taken over the management of two new CarrefourSA shopping centres. On 1 March the 14,000-m[sup]2[/sup] CarrefourSA Bahçelievler in Istanbul became part of ECE Türkiye's centre portfolio. This was followed by the 34,500-m[sup]2[/sup] CarrefourSA Karºiyaka in Izmir on 1 April 2011. ECE now ...
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PropertyEU Archive
JLL appointed to sell Citigroup HQ in Canary Wharf for EUR 1b-plus
Jones Lang LaSalle has been instructed as the sole agent to sell the freehold interest of 25 Canada Square located in the heart of London's Canary Wharf. Offers in excess of £1 bn (EUR 1.1 bn) are being sought on the iconic, 1.2 million square feet (111,000-m2) building. The ...
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PropertyEU Archive
Crédit Foncier issues EUR 1b of mortgage bonds
Compagnie de Financement Foncier, a wholly-owned subsidiary of Crédit Foncier, said that it has issued EUR 1 bn of mortgage bonds with a maturity date of 10 years and a coupon rate of 4.375 %.
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PropertyEU Archive
SEB AM lets 11,300m[sup]2[/sup] to arts centre in Paris
SEB Asset Management has signed a nine-year lease with the Centre National des Arts Plastiques (CNAP) in Saint Ouen l’Aumône, north-east of Paris.
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PropertyEU Archive
LaSalle raises EUR 170m for UK junior loan programme
LaSalle Investment Management (LaSalle) has raised £150 mln (EUR 170 mln) for a new junior loan programme targeting newly originated loans secured against UK properties. The new capital raise brings the total discretionary capital that LaSalle has available for junior and mezzanine debt investment in the UK to over ...
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PropertyEU Archive
European investment volumes recover strongly in 2010: JLL
Liquidity returned to the market in 2010 as equity rich investors sought to take advantage of attractive pricing to acquire low-risk assets in prime locations. As a result, European investment volumes jumped 48% in 2010, with EUR 102 bn traded, according to Jones Lang LaSalle's latest Capital Markets bulletin.
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PropertyEU Archive
Pramerica shops in Sweden with EUR 36m retail buy
Pramerica Real Estate Investors, part of US group Prudential Financial, has acquired a retail centre in the city of Helsingborg, Sweden, on behalf of the Spezialfonds EuRetail investment fund. The vendor is a joint venture of GE Capital Real Estate and NR Nordic & Russia. The investment volume amounts to ...
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PropertyEU Archive
Developer acquires stake in Dutch mall for EUR 48m
Dutch developer Peter van Dijk Projects & Investments has acquired a part of De Weiert shopping centre in the Dutch town of Weert from the railway pension fund. The investment volume is believed to be in the region of EUR 48 mln. Sources told PropertyNL - the sister publication of ...
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PropertyEU Archive
BayernLB agrees EUR 50m funding for Carlyle's Cubes
German lender BayernLB is providing EUR 50 mln to The Carlyle Group's CEREP III fund for the 'Cubes' office development project in Düsseldorf.
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PropertyEU Archive
ABN AMRO provides EUR 85m financing for Dutch logistics deal
ABN AMRO is providing a EUR 85 mln financing package to Euronext-listed warehouse specialist WDP as part of its international expansion plans.
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PropertyEU Archive
REO completes sale of Montevetro to Google for EUR 99.9m
Real Estate Opportunities, the real estate investment and development group active in Ireland and the UK, announced on Monday that it has completed the sale of Montevetro, Dublin's tallest commercial office building, to Google for EUR 99.9 mln. The sum is being satisfied in cash.
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PropertyEU Archive
Profile: The change agents - Allianz Real Estate
Over the past year, Allianz Real Estate has emerged as one of the biggest property investors in Europe - and is set to remain so for several years to come. After spending more than €2 bn in 2010, the property arm of German insurer Allianz is gearing up to invest ...
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PropertyEU Archive
Spyker in talks to sell Saab real estate
Spyker Cars, the Dutch owner of Swedish carmaker Saab, said on Monday it is working to put together a sale-and-leaseback transaction involving Saab's property assets. The investment volume of such a deal was not disclosed but Saab's 2010 annual report put the value of the company's property, plant and equipment ...
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PropertyEU Archive
Swiss Life takes majority stake in Viveris REIM
Insurance group Swiss Life said that it has acquired a controlling interest in the French fund manager Viveris REIM, becoming the largest shareholder after its founding managers and insurer Matmut. Although the terms of the operation were not disclosed, Swiss Life has reportedly taken a 60% stake from Viveris Management. ...
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PropertyEU Archive
FDL buys 1,000 residential units in Berlin
Foncière Développement Logements (FDL) has signed an agreement to acquire a portfolio of 1,053 residential units, offering around 80,000 m[sup]2[/sup] in Berlin. The transaction price amounts to EUR 84 mln. The purchase will be 50% financed with own cash resources and 50% funded with bank debt.
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PropertyEU Archive
European property investment hits EUR 27bn in Q1
European commercial real estate transaction volumes hit EUR 26.7 bn in the first quarter (Q1) of 2011 as the investment market built up further momentum, according to the latest data by CB Richard Ellis (CBRE).
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PropertyEU Archive
F&C REIT, AREA in £120m property club deal
Clients of F&C REIT, including AREA Property Partners and Turkey-based ESAS Holding, have completed three UK acquisitions in a club deal totalling £120 mln (EUR 136 mln).
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PropertyEU Archive
City of London prime rents up by 17.5%: BNP Paribas RE
Prime office rents across all Central London markets have risen over the last year, according to BNP Paribas Real Estate. In the City prime rents rose to £54.50 per sq ft in the first quarter of 2011 which represents a 17.5% increase from Q1 2010 whilst in the West End ...
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PropertyEU Archive
Deutsche Hypo reports 27% growth in new business in 2010
German lender Deutsche Hypo reported a jump of 27% in new business during the 2010 financial year, which also saw interest income soar by 47%.
