All Real Assets articles in Web Issue – Page 659
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PropertyEU Archive
Buss Capital buys office building in Almere for EUR 22m
Hamburg-based Buss Capital acquired office building De Landdrost in Almere, the Netherlands for EUR 21.7 mln. The vendor is Dutch property group Breevast. The 8,927-m[sup]2[/sup] property is located in the centre of the city and was delivered in December 2010. Educational institute VU-Windsheim has taken a 14.5-year lease on the ...
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PropertyEU Archive
BL and Tesco complete 3rd jv refinancing
The Tesco British Land Property Partnership (TBLPP), a 50:50 joint venture between British Land and Tesco, has refinanced its Beaumont Leys Shopping Centre in Leicester.
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PropertyEU Archive
APG and Goodman consider bid for Prologis European Properties
Dutch pension fund APG and Goodman Group are considering making an offer together with a group of like-minded investors to acquire for cash 100% of the ordinary units in ProLogis European Properties (PEPR). Under terms of the indicative proposal, PEPR's management rights would be transferred from ProLogis to Goodman.
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PropertyEU Archive
Tishman Speyer snaps up Paris' Olympe office building
Tishman Speyer has acquired the Olympe office building in the Saint Denis suburb of Paris from LaSalle Investment Management's European Growth Fund II. The financial details were not disclosed.
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PropertyEU Archive
Debt shortage encourages new forms of funding: JLL
Debt financing has become difficult, and will continue to be so for the foreseeable future, JLL has noted in its latest European Capital Markets bulletin.
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PropertyEU Archive
Kanam on track with US-grundinvest liquidation
Unit holders in Kanam's US-grundinvest fund are to receive a second payment in June as the wind-up of the only dollar-denominated German open-ended fund continues on schedule.
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PropertyEU Archive
WP Carey invests EUR 235m in Q1
Investment firm WP Carey & Co. announced on Tuesday that it completed more than $340 mln (EUR 235 mln) of property investments in the first quarter of 2011. The transactions involved 15 facilities comprising more than 2 million m[sup]2[/sup]. The facilities were acquired on behalf of the firm's publicly-held, non-traded ...
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PropertyEU Archive
Global RE investment surges to EUR 62bn in Q1
Preliminary figures released by Jones Lang LaSalle’s Capital Markets Research reveals that global direct commercial real estate investment volumes totalled just under $90 bn (EUR 62 bn) in the first quarter of 2011. This figure is down 20% from the previous quarter but up nearly 38% from Q1 2010, indicating ...
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PropertyEU Archive
DIC Asset plans EUR 100m corporate bond offer
German listed real estate company DIC Asset has announced plans to issue a five-year corporate bond with a volume of up to EUR 100 mln. The debt securities are intended for private and institutional investors in Germany and Austria within the framework of a public offer.
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PropertyEU Archive
Hansteen unveils offering to raise EUR 168m
London-listed Hansteen Holdings has announced that it proposes to raise gross proceeds of £150 mln (EUR 168 mln) - or £147 mln net of expenses) through the issue of 185 new shares. The Placing and Open Offer has been priced at 81p per New Ordinary Share.
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PropertyEU Archive
Nordics record postive returns in 2010: IPD
Nordic commercial property delivered capital growth of 2.8% in 2010, according to the IPD Nordic Annual Property Index, marking a return to positive growth after two years of capital depreciation.
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PropertyEU Archive
Grosvenor leads EUR 268m retail acquisition in Sweden
A consortium led by Grosvenor Fund Management (GFM) has acquired a portfolio of four retail properties in Sweden from listed European real estate giant Unibail-Rodamco for SEK 2.4 bn (EUR 268 mln).
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PropertyEU Archive
Patrizia purchases residential facility in Munich for EUR 50m
German listed property company Patrizia Immobilien has purchased a residential and commercial property in Munich for about EUR 50 mln. The facility provides 478 apartments and a commercial unit over a total floor space of 30,572 m[sup]2[/sup].
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PropertyEU Archive
Goodman, Alpha to develop TJK Maxx centre in Poland
Industrial property specialists Goodman Group and Alpha Industrial are to develop a 26,900 m[sup]2[/sup] distribution and processing centre in Wroc³aw, Poland. The facility is for TJX Europe, the off-price retailer that sells designer clothing and homeware accessories at discounts of up to 60% in stores across Poland.
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PropertyEU Archive
APG hardens stance in battle over PEPR
Dutch pension fund APG is committed to pursuing its surprise takeover offer for Prologis European Properties (PEPR) together with Sydney-listed Goodman Group and a group of like-minded investors, Patrick Kanters, Managing Director Global Real Estate at APG, told PropertyEU. 'We believe we have made a very compelling offer and trust ...
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PropertyEU Archive
Valad appoints new senior asset manager in Germany
Valad, the European multi-let real estate investment manager, has appointed Thomas Gurski as senior asset manager in Germany. Gurski will lead the Valad team in Region West with responsibility for managing Valad’s existing real estate portfolio in the metropolitan Ruhr area around Dusseldorf and Cologne along with the Frankfurt area, ...
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PropertyEU Archive
Wölbern Invest buys newly built asset in Rotterdam
Hamburg-based Wölbern Invest has acquired a newly built office property in the Waalhaven district of Rotterdam from local developer OVG. The financial details were not disclosed. Wölbern Invest said it will pay for the asset upon delivery expected for September 2012.
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PropertyEU Archive
C&W grows UK asset management team
Property adviser Cushman & Wakefield has appointed Dean Maszlin as a partner in its central London asset management team. His appointment is effective 18 April 2011.
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PropertyEU Archive
AXA RE to build Coface HQ in Paris
AXA Real Estate said that its pan-European Development Venture III (DVIII) fund is to build the new headquarters office for Natixis' Coface subsidiary as part of an extension of the district of Bruyères in Bois Colombes near La Defense, Paris.
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PropertyEU Archive
JLL's Charles Cresser returns to English business
Charles Cresser is returning to Jones Lang LaSalle's English business to head up the Occupier team within the firm's Project & Development Services (P&DS) department after spending two years in Russia developing the firm's capability in the region.
