All Real Assets articles in Web Issue – Page 662
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PropertyEU Archive
Hines partners with KGK in EUR 80m project near Barcelona
US developer and investor Hines has signed an agreement with Indian company KGK to develop and manage a residential construction project in Sant Pere de Ribes, in the surroundings of Barcelona. The project is expected to involve an investment of some EUR 80 mln.
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PropertyEU Archive
LaSalle acquires commercial property in Germany
A specialist investment fund of the newly established LaSalle Investment Management Kapitalanlagegesellschaft (LaSalle KAG) has acquired a commercial property in Garmisch-Partenkirchen, Germany for an undisclosed sum.
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PropertyEU Archive
Carrefour shareholder opposes plans to spin off property arm
Investor advisory group Deminor has joined the opponents of French hypermarket chain Carrefour's plans to spin off its Dia discount stores and 25% of its Carrefour Property units. The minority shareholder said the spin-off of some of Carrefour's key assets would dismantle the French retailer.
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PropertyEU Archive
Stam sells office building in Paris
Asset manager STAM has sold a 6,470-m[sup]2[/sup] office building at 140 Avenue Jean Lolive, Pantin, in the north-east of Paris for EUR 15.2 mln. Stam was advised by Catella Property and international real estate advisor Savills.
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PropertyEU Archive
Investor focus on value-add in mature mall markets: DTZ
Investors are likely to increasingly focus on value-add opportunities in larger, mature European shopping centre markets in 2011 and 2012, according to DTZ Research's latest Property Times European Shopping Centre report.
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PropertyEU Archive
Kungsleden swaps property with Peab
Listed Swedish property company Kungsleden has announced that it is selling its participation in a development property in Västerås, west of Stockholm, to construction and civil engineering company Peab. The pair are currently joint 50% owners of Kokpunkten Fastighets, which owns the development property.
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PropertyEU Archive
Vastned O/I and NSI resume merger talks
Listed Dutch property groups VastNed Offices/Industrial (VNOI) and Nieuwe Steen Investments (NSI) have resumed discussions about a possible merger. Both companies stressed there was no certainty that the talks would lead to a transaction.
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PropertyEU Archive
Pramerica's Spezialfonds in 1st deal in Mexico
Pramerica Real Estate Investors, part of US group Prudential Financial, has made its first investment in Mexico on behalf of a Spezialfonds managed by its German arm TMW Pramerica Property Investment. The fund has bought the Torre Acuario office and retail property in Mexico City from a local private investor. ...
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PropertyEU Archive
Banks will need 4 'Shard Towers' of London space
Banks will require an additional 1.6m square feet or 148,000 m[sup]2[/sup] of space in Central London over the next three years - equivalent to four Shard Towers or five Heron Towers, according to the latest research by BNP Paribas Real Estate.
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PropertyEU Archive
Listed companies raise EUR 8.4b in QI
Public real estate companies raised $12 bn (EUR 8.4 bn) in the first quarter of 2011, according to LaSalle Investment Management. Global real estate stocks and the broad market posted solid returns in the first quarter of 2011 despite considerable volatility in March. The UBS Global Investors Index of real ...
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PropertyEU Archive
Hochtief sells residential property for EUR 47m
Hochtief Projektentwicklung has sold its residential and commercial property project 'Am Europagarten' in Europaviertel West to ABG Frankfurt holding. ABG bought the 20,000-m[sup]2[/sup] project for EUR 47 mln.
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PropertyEU Archive
British Land gets approval for 5 Broadgate
UK REIT British Land and private equity firm Blackstone Group have received planning permission for their development of a new office complex for financial services firm UBS in the City of London.
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PropertyEU Archive
Caelum and Futureal team up on EUR 70m Polish project
Irish investment group Caelum Development and Hungarian developer Futureal signed a joint venture agreement to develop Nova Park project in Gorzów Wielkopolski. Nova Park represents an investment of over EUR 70 mln.
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PropertyEU Archive
Citycon opens Åkersberga Centrum in Sweden
Finnish retail specialist Citycon said its Åkersberga Centrum shopping centre located in the Stockholm metropolitan area has opened to the public after a major extension and redevelopment programme.
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PropertyEU Archive
JLL announces EMEA country appointments
Global property adviser Jones Lang LaSalle has announced a number of senior appointments within the EMEA region. Alan Robertson, who as managing director, Turkey since 2008 has successfully grown JLL's Turkish business, is to become CEO for the Middle East and North Africa region (MENA).
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PropertyEU Archive
Savills Germany appoints Kristian Barthels
International real estate advisor Savills has appointed Kristian Barthels to join its office agency team in Hamburg as associate director in the department’s corporate real estate services (CRES) unit.
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PropertyEU Archive
Catalyst Capital buys retail park near Dresden
Catalyst Capital has acquired the Weißeritz-Park in Freital near Dresden for EUR 24.8 mln on behalf of its Catalyst European Property Fund. The retail park, which is anchored by a Kaufland hypermarket and has a gross lettable area of 20,000 m2, was acquired with the cooperation of the holder of ...
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PropertyEU Archive
GSW Immobilien enters the EPRA Europe Index
German residential real estate company GSW Immobilien has entered the FTSE EPRA/NAREIT Developed Europe Index after its IPO on 15 April. The company passed all eligibility criteria for the Fast Track Index inclusion.
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PropertyEU Archive
Pradera plans Turkish retail fund
Pradera Europe plans to start marketing a new fund or club deal for the Turkish retail market by the end of the second quarter, Chairman Colin Campbell told PropertyEU. The fund will invest in existing assets and target an IRR of 17%, he added. It will be launched together with ...
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PropertyEU Archive
Sonae Sierra puts 2 Spanish malls on the market - exclusive
Portuguese retail specialist Sonae Sierra has put the Dos Mares and La Farga shopping centres in Spain on the market, PropertyEU has learnt. The company is understood to have mandated C&W to sell Dos Mares in La Manga, located between the cities of Alicante and Cartagena.
