All Real Assets articles in Web Issue – Page 661
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PropertyEU Archive
CLS raises EUR 33m in Swedish bond issue
London-listed property company CLS has raised SEK 300 mln (EUR 33.4 mln) by issuing an unsecured and unrated bond in Sweden. The net proceeds of the bonds, due in 2016, will be used for general corporate purposes.
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PropertyEU Archive
Niam sells nine office properties in Finland for EUR 60m
Niam Nordic Investment Fund III and affiliates of the Whitehall Street Real Estate Funds have disposed of nine office properties in mid-sized cities across Finland. The buyers are Sveafastigheter Fund III and HGR Property Partners.
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PropertyEU Archive
Liebrecht & Wood opens EUR 60m Polish retail project
Belgian property developer Liebrecht & Wood has announced the opening of Morski Park Handlowy, the first Polish project combining an outlet centre with a traditional retail park. Located in Gdansk, the complex represents an investment of EUR 60 mln. Phase II is planned to open at the end of 2012.
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PropertyEU Archive
Russia's Etalon Group prices IPO in London at $7
Russian real estate developer Etalon Group has priced its IPO on the main market of London Stock Exchange at $7 (EUR 4.8) per global depository receipts (GDR).
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PropertyEU Archive
INREV appoints new management board
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board: Christian Delaire, CEO of AEW Europe; Matthew Ryall, head of Indirect Investment, Allianz Real Estate; and Neil Harris, senior Vice President, head of Asset Management, Europe, GIC Real Estate International.
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PropertyEU Archive
NAMA appoints receiver for some Derek Quinlan debt
Ireland's bad bank agency NAMA has called in statutory receivers to take charge of a number of properties owned personally by Irish businessman Derek Quinlan and members of his immediate family.
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PropertyEU Archive
International events boost growth in European cities: ULI
Cities in Europe are increasingly vying for major international entertainment or sporting events as a way to expedite development and investment that will provide an economic boost lasting far beyond the actual events, according to a new report from the Urban Land Institute (ULI).
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PropertyEU Archive
McArthurGlen opens Luxembourg designer outlet
Henderson Global Investors and McArthurGlen have officially opened the first phase of the recently renovated McArthurGlen Designer Outlet Luxembourg.
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PropertyEU Archive
Norwegian Property secures EUR 1.3 bn credit line
Oslo-listed Norwegian Property has established new credit facilities totalling (NOK 10 bn) EUR 1.28 bn. The total credit amount is split in two main credit facilities. Nordea Bank Norge and Skandinaviska Enskilda Banken (SEB) offered EUR 641 mln in equal amounts for a duration of seven years.
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PropertyEU Archive
Immofinanz opens 10th retail park in Slovakia
STOP.SHOP., Immofianz Group's umbrella brand for specialty shopping centres in Central Europe, has opened its 10th retail park in Slovakia.
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PropertyEU Archive
Cofinimmo places EUR 173m bond offering
Listed Belgian real estate company Cofinimmo has confirmed placement of a EUR 173.3 mln convertible bond offering. The bonds, convertible into ordinary shares, are due on 28 April 2016.
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PropertyEU Archive
Italian pension scheme plans EUR 2b property fund
Italy's social security agency INPS (Istituto Nazionale Previdenza Sociale) is in the process of selecting a facility and property management company as well as a SGR fund management firm to launch a fund which will own the bulk of the agency's property assets.
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PropertyEU Archive
AXA REIM's debt programme reaches EUR 2.7b
AXA Real Estate Investment Managers has raised an additional EUR 180 mln from a number of European insurance companies in the second close of its pan-European debt fund, Commercial Real Estate Senior 1 (CRE1). The fund has now attracted total equity of EUR 530 mln, following the EUR 350 mln ...
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PropertyEU Archive
Italian commercial property delivers robust 5.2% total return in 2010
Italian commercial property delivered a 5.2% total return in 2010, a strong improvement on the 0.8% recorded in 2009, according to the IPD Italy Annual Property Index. However, capital values continued to decline, now for the third consecutive year, at -0.5%.
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PropertyEU Archive
Ikea to build EUR 250m mall in Bayonne
Inter Ikea Centre Group has unveiled plans to invest EUR 250 mln in the development of a shopping centre adjoining an Ikea store in Bayonne, in the Pays Basque, south-western France.
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PropertyEU Archive
EUR 3.5b of real estate on sale in CEE: C&W
More than EUR 3.5 bn of investment real estate product is being actively offered for sale in the core CEE markets of Poland, the Czech Republic, Slovakia and Hungary, according to Cushman & Wakefield. This is marginally up on the previous quarter.
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PropertyEU Archive
Deka acquires office asset in Bristol for EUR 35m
Deka Immobilien has acquired an office building in the UK city of Bristol from a special fund managed by SEB Asset Management for £31 mln (EUR 35 mln). The property will be included in the Deka-S-PropertyFund No. 2 individual fund.
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PropertyEU Archive
Redevco acquires retail property in UK for EUR 35m
Redevco, an independent international real estate company, has purchased the freehold investment of a block of prime multi-let retail properties at 56-76 Commercial Road, Bournemouth in the UK from a private Irish investor for £31 mln (EUR 35 mln).
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PropertyEU Archive
Catalunya Caixa buys EUR 430m of assets for property arm
Five Spanish developers have surrendered their struggling projects to local lender Catalunya Caixa in a move to boost their financial positions. Catalunya Caixa's property arm has taken control of EUR 430 mln worth of development projects in exchange for financing or refinancing facilities.
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PropertyEU Archive
Rockspring buys retail warehouses for EUR 62 mln
Rockspring Property Investment Managers has acquired three retail warehouse properties in West Germany for EUR 62.2 mln. The properties were sold by a private investor in an off-market process, reflecting a blended net initial yield of just under 7%.
