All Real Assets articles in Web Issue – Page 664
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PropertyEU Archive
AXA Real Estate raises EUR 1.26 bn in Q1 2011
AXA Real Estate Investment Managers, Europe's leading real estate manager with EUR 39.9 bn of assets under management, has raised on behalf of its clients a total of EUR 1.26 bn in the first quarter of 2011. Of this amount, EUR 800 mln has been raised as segregated accounts from ...
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PropertyEU Archive
Peab acquires 50% of Balder Fourteen for EUR 30m
Swedish construction and civil engineering group Peab has acquired 50% of Balder Fourteen from Property AB Balder for a total investment of SEK 270 mln (EUR 30 mln).
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PropertyEU Archive
Milan's Porta Romana asset to be auctioned for EUR 44m
BNP Paribas Real Estate Investment Management has announced plans to auction an office building located at Corso di Porta Romana 10, in Milan for a starting price of EUR 44 mln. The asset, which is owned by the Comune di Milano I real estate fund, offers around 11,500 m[sup]2[/sup] of ...
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PropertyEU Archive
Yahya Abdulla joins C&W capital markets team
Cushman & Wakefield has appointed international investment specialist Yahya Abdulla in its EMEA capital markets team in London. Abdulla joins from Al Salam Bank in Bahrain where he was an assistant vice president in the investments team.
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PropertyEU Archive
Cathedral, DevSecs acquire former EMI HQ in Hayes
Specialist PPP developer Cathedral Group and UK property developer and investor Development Securities have teamed up to acquire the London Gate business park in Hayes, Middlesex. The partners plan to carry out a radical £250 mln (EUR 283 mln) redevelopment of the 18-acre site.
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PropertyEU Archive
King Sturge announces new PM head in Romania
King Sturge in Romania has appointed Gabriel Balaban as Head of Project Management & Building Consultancy in their Bucharest office. Resul Kilic, the previous manager has undertaken a top management assignment for King Sturge’s office in Istanbul, where the company foresees great business potential.
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PropertyEU Archive
Italy's Prelios appoints new CEO
Italian listed property services group Prelios appointed Paolo Bottelli to the position of new Chief Executive during a shareholder meeting held last Thursday. Former CEO Giulio Malfatto will assume the role of vice-president reporting to president Marco Tronchetti Provera.
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PropertyEU Archive
IVG closes purchase of Milan trophy asset
German listed property company IVG Immobilien has closed the acquisition of a mixed-use building at Via Agnello 18 in the city centre of Milan for a value believed to be around EUR 45 mln, reliable market sources have told PropertyEU.
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PropertyEU Archive
Risanamento confirms exclusive talks to sell Santa Giulia project
Italian listed property company Risanamento has confirmed earlier media reports that it has received a letter of interest from an unnamed potential buyer regarding its landmark Santa Giulia mixed-use development project in Milan. The exclusivity period runs until the end of May, it added.
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PropertyEU Archive
NPRO granted EUR 1.3b of new credit lines
Norwegian Property (NPRO) said it has received two new credit facilities totalling NOK 10 bn (EUR 1.28 bn) from two consortia of Nordic lenders. In a statement, the Norwegian property company said lenders Nordea Bank Norge and Skandinaviska Enskilda Banken are providing a NOK 5 bn loan with a duration ...
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PropertyEU Archive
JLL: European real estate investment up 32% in Q1
Direct commercial real estate investment volumes in Europe reached EUR 26 bn in the first quarter 2011 (Q1 2011), representing an increase of 32% year-on-year, according to new research from Jones Lang LaSalle (JLL). Successful debt and equity issuance has provided liquidity to the market, which in turn drove cross-border ...
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PropertyEU Archive
Metrovacesa strikes EUR 183m sale in Germany
Spanish listed property company Metrovacesa has sold the Deutsche Bank Carrée office complex in Düsseldorf to an undisclosed buyer for EUR 183.5 mln, including roughly EUR 167 mln of debt, Spanish press reported on Tuesday. The price represents a capital loss for Metrovacesa of nearly EUR 7 mln.
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PropertyEU Archive
Pramerica closes EUR 200m worth of deals
Pramerica Real Estate Investors announced on Tuesday that it has recently carried out over EUR 200 mln worth of transactions across Europe and Latin America. Pramerica, the European real estate arm of US-based Prudential Financial, completed six deals on behalf of investors in its special funds managed by the Munich-based ...
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PropertyEU Archive
Caisse de dépôt merges property arms into $30b group
Canadian pension fund Caisse de dépôt et placement du Québec said on Tuesday it is merging its shopping centre unit, Ivanhoe Cambridge, and its office and residential subsidiary, SITQ, to create one group with roughly $30 bn (EUR 20 bn) of assets.
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PropertyEU Archive
Icade, Klépierre inaugurate EUR 400m mall in Paris
Icade and Klépierre's flagship Le Millénaire shopping centre will open its doors to the public on Wednesday at Porte d’Aubervilliers, just outside the Paris ring road.
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PropertyEU Archive
AXA RE appoints new Southern Europe head
AXA Real Estate Investment Managers (AXA Real Estate) has announced the appointment of Pascal Aujoux as head of Property Services Group for Southern Europe. His appointment follows the retirement of Eric Stampfli.
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PropertyEU Archive
DTZ expands into the Baltics
Global real estate services firm DTZ has entered into an affiliate arrangement with Baltic Property Expert (BPE) to offer real estate services to DTZ clients in Estonia, Latvia and Lithuania. The operation, named DTZ Baltic, will begin operating immediately.
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PropertyEU Archive
Deka buys logistics building in the Netherlands
German open-ended fund manager Deka Immobilien has acquired a logistics building in the Netherlands for EUR 22 mln. The property was sold and leased back by Danish logistics services provider DSV.
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PropertyEU Archive
Corio names new head of strategy and research
Dutch listed retail specialist Corio has appointed Oedsen Boersma as head of Investment Strategy & Research. He will be responsible for further developing the company’s retail property investment strategy and achieving Corio’s goal of creating ‘favourite meeting places’ - sustainable centres where people meet up, spend their time off, and ...
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PropertyEU Archive
IVG sells Crystal Défence in Nanterre
DTZ Asset Management has acquired the Crystal Défense office complex in Nanterre, France from Germany's IVG Immobilien for an undisclosed amount. The purchase was made on behalf of an unnamed French institutional investor.
