All Real Assets articles in Web Issue – Page 674
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PropertyEU Archive
Pramerica sells Luxembourg property
Pramerica Real Estate Investors has sold Park Lane office building in Luxembourg to the family office CLdN Cobelfret Group. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Berlin Hyp sees strong increase in Q1 new lending
Berlin Hyp said improved conditions in the real estate market led to a 36% rise in new lending in the first quarter of 2011 compared to the same period last year. The German property lender, which works it partnership with its parent company Landesbank Berlin (LBB), contracted EUR 732 mln ...
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PropertyEU Archive
Eurohypo extends EUR 40m debt facility to Metric
German lender Eurohypo has provided a new £34.7 mln (EUR 39.5 mln) term financing to UK specialist retail real estate investment trust Metric Property Investments. The five-year facility is structured to support new investment opportunities and is secured against three of Metric's retail park assets.
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PropertyEU Archive
Prologis gains 89% of PEPR
Prologis, the global distribution specialist, has announced that it held 89% of the ordinary units and voting rights in Amsterdam-listed fund, Prologis European Properties (PEPR) at the close of a mandatory tender offer on Wednesday.
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PropertyEU Archive
Capman acquires office building in Helsinki
The Capman RE II fund has acquired an office building at Elimäenkatu 15, together with the building's share of the Vallila Rock parking garage, in Helsinki from the Yrjö Jahnsson Foundation. The financial details were not disclosed.
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PropertyEU Archive
Arctic Sec and Tenzing form Nordic property alliance
Norwegian investment bank Arctic Securities and Swedish property transaction advisory Tenzing have entered into a strategic cooperation agreement regarding real estate and capital market transactions in the Nordic countries.
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PropertyEU Archive
Ralph Anderson to head fund management at Real IS
Munich-based property investor Real IS has appointed Ralph Anderson as head of fund management to replace Christian Berger who stepped down from the position at end-April. Anderson has worked in management positions with HypoVereinsbank, Invesco Real Estate and Palmer Capital Investments.
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PropertyEU Archive
Ilkka Tomperi named partner at Capman RE
Ilkka Tomperi has been appointed partner at Capman Real Estate as of 1 July 2011.Tomperi will be responsible for the business development and international expansion of Capman's real estate investment activities.
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PropertyEU Archive
EMEA prime high street rents stable: Colliers
EMEA prime highstreet retail rents broadly held firm against a background of continuing uncertainty over the sovereign debt issues plaguing some of the weaker Eurozone member, and the continuing unrest in the Middle East and North Africa, according to a new report published by Colliers International.
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PropertyEU Archive
Google in major London leasing deal
Google UK is taking 14,800 m[sup]2[/sup] at Legal & General Property and Mitsubishi Estate Company's Central Saint Giles development in the heart of London's West End. As a result of the deal, the office element of the scheme is now let just one year after it was launched. The rental ...
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PropertyEU Archive
Echo gets permit for 25,000m[sup]2[/sup] project in Wroclaw
Echo Investment has obtained a building permit for a 25,000-m[sup]2[/sup] A-class office development in the centre of the Polish city of Wroclaw. The Polish-based development company said that Aquarius Business House offers a range of the latest high-end information and communication technology links, security and access control systems as well ...
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PropertyEU Archive
Strabag issues EUR 175m corporate bond
Austrian property and construction company is issuing a EUR 175 mln corporate bond to be used for general business purposes and improve the company's financing structure. The fixed-interest bond has a term to maturity of seven years and a coupon of 4.75 % per annum.
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PropertyEU Archive
IPD European Property Investment Awards 2011: the winners
The Investment Property databank (IPD) presented the 17 winners of its European Property Investment Awards, after the gala dinner reception at its annual European Conference last week. The awards - presented by financial journalist and author Jeroen Smit at Amsterdam's Okura Hotel - recognise outperformance over a three-year period ...
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PropertyEU Archive
Pbb posts 3rd profitable quarter in a row
Pbb Deutsche Pfandbriefbank, the core bank of Germany's HRE Group, has posted a pre-tax profit of EUR 52 mln in the first quarter of the year, marking the bank's third profitable quarter in a row, against a backdrop of restructuring that is largely completed.
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PropertyEU Archive
Immofinanz sells 30% stake in self-storage arm
A subsidiary of Immofinanz has sold its 30% stake in the Austrian self-storage business arm, SelfStorage-Dein Lager Lagervermietungs, to local operator MyPlace SelfStorage Holding for around EUR 34 mln. The closing is scheduled for end-July 2011.
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PropertyEU Archive
Charities Property Fund surpasses £400m milestone
The Charities Property Fund in the UK acquired four properties in the first quarter of 2011, bringing the total value of its portfolio to over £400 mln (EUR 456 mln). The new assets were purchased for £50 mln with an average yield of 7.5%. These properties included: a multi-let industrial ...
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PropertyEU Archive
SFL issues EUR 500m worth of bonds
French property company Société Foncière Lyonnaise has completed its first EUR 500 mln bond issue. The 4.625% inaugural bond issue is due on 25 May 2016.
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PropertyEU Archive
UK CPT acquires leisure scheme for EUR 58m
UK Commercial Property Trust has acquired the Rotunda Leisure Scheme in Kingston upon Thames, UK from Curo Property Funds for £51 mln (EUR 58 mln). The investment volume reflects an initial yield of 6.5%.
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PropertyEU Archive
Peakside fund acquires London office project
Peakside Capital, a specialist European real estate private equity firm, has acquired 80 Hammersmith Road, London from Scottish Amicable Life Assurance Society.
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PropertyEU Archive
Prelios wins IPD's Italian 'specialised fund' award
Italian fund manager Prelios has emerged a winner at the 2011 European Property Investment Awards promoted by the Investment Property Databank (IPD) for the second consecutive year.
