All Real Assets articles in Web Issue – Page 672
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PropertyEU Archive
FdR buys 14.6% of FEL from Morgan Stanley
French group Fonciere des Regions (FdR) said that it has increased its stake in its logistics arm, Fonciere Europe Logistique (FEL), with the purchase of a 14.6% interest from Morgan Stanley for around EUR 47 mln.
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PropertyEU Archive
Pbb provides EUR 88m to Catalyst for Paris deal
German lender pbb Deutsche Pfandbriefbank has said it is providing just under EUR 88 mln in funding to Catalyst European Property Fund for its acquisition of the landmark Front de Parc office complex Clichy-la-Garenne, northwest of Paris.
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PropertyEU Archive
Transaction activity rises in CEE
Investor sentiment is improving in Central and Eastern Europe, according to transaction data published over Q1 in the May edition of PropertyEU Magazine.
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PropertyEU Archive
Newsec appoints MD for Estonia
Nordic and Baltic property adviser Newsec has appointed Roul Tutt as managing director of its operations in Estonia. Newsec said it is the only full-service real estate adviser in Northern Europe operating in the Baltics, and that the appointment of Tutt is part of its strategy to strengthen its position ...
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PropertyEU Archive
Batipart to take control of Eurosic
Batipart, the holding vehicle of Charles Ruggieri, has entered into 'exclusive discussions' with property company Nexity and BPCE's Banque Palatine to buy their stake in French real estate investment trust Eurosic.
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PropertyEU Archive
Brokers on brink of new M&A wave
Reports that BNP Paribas is in discussions to acquire DTZ may herald a new round of M&A activity among leading real estate brokers in Europe, according to Paul Wessels, founding editor of PropertyEU, in the May edition of PropertyEU Magazine. Following the last wave of consolidation a decade ago, the ...
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PropertyEU Archive
Pramerica buys office building in New York
Pramerica has acquired an office building at 28 West 44th Street in New York for $161 mln (EUR 113 mln). The purchase was made on behalf of a US real estate fund managed by the group's TMW Pramerica German property arm.
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PropertyEU Archive
Orion funds resi project in Central London
Orion Capital Managers has entered the Central London residential development market with one of the first residential schemes to be undertaken by a private equity fund.
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PropertyEU Archive
Topland joins resi mezzanine lending partnership
UK private investor Topland has joined Dragonfly Property Finance and residential developer Westcity in a new residential mezzanine lending partnership.
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PropertyEU Archive
British Land signs 18,000m[sup]2[/sup] Cheesegrater pre-lease
British Land and Oxford Properties have announced that their 50:50 joint venture has signed a provisional agreement with a subsidiary of financial services group Aon for a 18,000 m[sup]2[/sup] pre-let at the 'Cheese Grater' tower development in London.
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PropertyEU Archive
Capital Partners to offload $1.6b of assets in Moscow
Kazakh private equity firm Verny Investment has acquired the Ritz-Carlton hotel from development firm Capital Partners for around $600 mln (EUR 424 mln).
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PropertyEU Archive
Hemfosa acquires office portfolio for EUR 100m
Swedish real estate investor Hemfosa Fastigheter has agreed to acquire a EUR 100 mln portfolio of seven office buildings in the Swedish city of Karlstad. The vendor of the 75,000-m[sup]2[/sup] Karolinen Fastigheter portfolio is Dinu Patriciu Global Properties. The portfolio is over 95% leased. The tenants include companies such as ...
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PropertyEU Archive
Russian investment market grew 128% in 2010
The Russian investment market in 2010 grew 128% above the level reached in 2009 to EUR 2.2 bn, according to the latest research by CB Richard Ellis. The stabilisation of the Russian economy in 2010, with growth of 4%, saw a level of confidence return to the real estate investment ...
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PropertyEU Archive
Henderson, SWF buys London office campus for over EUR 217m
Henderson Global Investors and a Canadian sovereign wealth fund have jointly acquired the widely sought after Leadenhall Triangle office complex in the City of London for a figure substantially in excess of £190 mln (EUR 217 mln). The asset was last valued at £140 mln.
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PropertyEU Archive
FdR launches EUR 480m bond
Foncière des Régions (FdR) has launched a convertible bond offering for EUR 480 mln which may be increased to EUR 550 mln in the event of the full exercise of the extension option. The bonds are due on 1 January 2017.
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PropertyEU Archive
IVG to launch EUR 500m core/value-add fund
IVG Immobilien, Germany's largest listed property company, aims to raise up to EUR 250 mln of equity from institutional investors in the second half of 2011 for its first core to value-add investment fund. The move, which reflects investors' growing appetite for risk, comes as attractive yields have become increasingly ...
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PropertyEU Archive
Almacantar seals EUR 92m Marble Arch Tower deal
Luxembourg-based property company Almacantar has exchanged contracts with Orchard Street Investment Management to purchase Marble Arch Tower for £80 mln (EUR 92 mln).
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PropertyEU Archive
French investors to increase fund allocations
Institutional investors in France look set to increase their allocations to non-listed real estate funds by 56% over the next three years, rising from EUR 34 bn to EUR 53 bn, according to INREV's Investor Universe France Survey 2011.
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PropertyEU Archive
Orion clinches Puerto Venecia deal
UK-based private equity firm Orion Capital Managers has finalised the acquisition of a 50% stake in the Puerto Venecia shopping centre project in Zaragoza, northern Spain, well-informed market sources have told PropertyEU. The price of the 50% stake, acquired from Spanish developer and investor Copcisa Corporaciónis, is believed to be ...
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PropertyEU Archive
Neinver opens Style Outlet in Spain
Neinver has opened its new centre Coruña The Style Outlets in Galicia, Spain - the European outlet centre specialist's first The Style Outlets in Spain. The company has five other outlet centres in the country.
