All Real Assets articles in Web Issue – Page 670
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PropertyEU Archive
First Growth structures EUR 80m Paris tower deal
First Growth Real Estate Capital (FGREC) structured and arranged the buy-out of GE Capital's 50% stake in the Mercuriales Towers, Paris with a senior-mezzanine loan refinancing in excess of EUR 80 mln. The vendor was Groupe Colbert, owner of the other 50%.
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PropertyEU Archive
Italian institutions enter the RE arena
Italian institutional investors - who traditionally trail their Western European peers when it comes to real estate investment - are going all out in the Italian market in 2011, according to transaction data compiled by PropertyEU. With little apparent regard for the problems facing the Italian economy, local institutional players ...
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PropertyEU Archive
Knight Frank names new Spanish boss
Property adviser Knight Frank has appointed Alberto Prieto as managing director of its Spanish office. His appointment follows the departure of Frédéric Mangeant, who has led the group's Spanish business for the past 20 years.
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PropertyEU Archive
Rebranded InfraRed Capital Partners plans new fund launches
Following the management buyout of HSBC Specialist Investments and its rebranding as InfraRed Capital Partners, the company now has plans to launch additional funds, InfraRed’s chief executive, Werner von Guionneau, told PropertyEU.
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PropertyEU Archive
OVG changes tack, focuses on redevelopment of offices
Dutch developer OVG has announced plans to increase its focus on the redevelopment and reconversion of office properties. Under the plan, redevelopment will in future account for up to 50% of its business at the expense of new constructions.
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PropertyEU Archive
DTZ tumbles in PropertyEU ranking
Real estate adviser DTZ plunged to ninth position in the PropertyEU annual ranking of leading real estate advisers in Europe for 2010 after seeing investment transaction volume fall 33% over the year to EUR 4.2 bn. It is the first time that the adviser has dropped out of the ranking ...
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PropertyEU Archive
Jones Lang LaSalle Hotels recruits George Nicholas
Jones Lang LaSalle Hotels has appointed George Nicholas as executive vice president in the Hotels Capital Markets team for the UK and Northern Europe. Nicholas joins from CBRE where he was a director in the firm's Hotels team and he was also previously a director at Colliers International.
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PropertyEU Archive
Deutsche Hypo provides EUR 140m loan to Commerz Real
German lender Deutsche Hypo has provided a £125 mln (EUR 140 mln) credit facility to Commerz Real for its interest in the Westfield London shopping centre. The five-year financing was provided in a club deal agreement.
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PropertyEU Archive
IVG pays down EUR 450m debt since mid-December
IVG, the largest listed real estate company in Germany, announced that it has repaid EUR 450 mln as its part of its debt-reduction programme since mid-December 2010. The funds were raised through asset sales.
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PropertyEU Archive
Cofinimmo acquires 5 Belgian nursing homes for EUR 47m
Brussels-listed real estate company Cofinimmo has announced the acquisition of five nursing homes in Belgium for EUR 47 mln. The deal involved Cofinimmo buying all the shares of Dexia Immorent, the holding company for the various companies that owned the assets.
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PropertyEU Archive
Allianz sells EUR 65m portfolio in Germany
German residential company Industria has acquired a portfolio of 767 residential units from Allianz Real Estate for around EUR 65 mln. The acquisition is earmarked for the group's Wohnen Deutschland property fund.
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PropertyEU Archive
Aareal eyes new business as lending profits grow
German lender Aareal Bank reported an operating profit of EUR 43 mln for its structured property financing business in the first quarter of 2011, up from EUR 24 mln in the same period last year and EUR 31 mln in the last three months of 2010.
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PropertyEU Archive
European RE faces further 'haircuts', American guru warns
The European real estate sector faces further 'haircuts' as the spectre of stafglation looms large, Reggie Middleton, a leading consultant credited with predicting the collapse of both Bear Stearns and Lehman Brothers, warns in the May edition of PropertyEU Magazine. 'I don't see how further devaluations are avoidable if interest ...
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PropertyEU Archive
CBRE to manage BA's global property portfolio
British Airways has appointed CB Richard Ellis (CBRE) to manage its 790,000 m[sup]2[/sup] global property portfolio, including more than 650,000 m[sup]2[/sup] in the UK.
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PropertyEU Archive
RBS takes control of Boultbee's Swedish retail portfolio
Royal Bank of Scotland (RBS) has taken over the Boultbee Brothers' remaining 51% stake in the Swedish shopping centre portfolio CentrumKompaniet.
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PropertyEU Archive
Ciloger shops in Paris and Nancy
French fund manager Ciloger said that it has bought two neighbourhood retail assets in Paris and Nancy. The company has purchased a retail asset let to L'atelier Agapé in the sixth arrondissement of the French capital as well as a city-centre property in Nancy, leased to Picard.
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PropertyEU Archive
Renaissance to list on Istanbul Stock Exchange
Turkish-Russian developer Renaissance Real Estate Investment (RGY) has announced that it will list its shares on the Istanbul Stock Exchange on 20 May. It hopes to raise EUR 176 mln to EUR 258 mln in its initial public offering.
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PropertyEU Archive
UK commercial property growth slows in Q1
UK commercial property returns fell to 2.3% in the first quarter of 2011 as the re-pricing from the downturn continued, according to the IPD UK Quarterly Property Index. The rate of capital growth fell by 50 basis points to 0.8%.
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PropertyEU Archive
Inter-regional capital flows increase 70% in Q1: JLL
Cross-border direct commercial real estate investment volumes reached $37 bn (EUR 26 bn) in Q1 2011, up 25% from a year ago, according to the latest Global Capital Flows report from Jones Lang LaSalle.
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PropertyEU Archive
Pbb provides EUR 22m facility to Pradera CEE fund
German lender pbb Deutsche Pfandbriefbank has provided a facility of about EUR 22 mln to the Pradera Central & Eastern Fund for the acquisition of a shopping centre in the Polish city of Gdansk.
