All Real Assets articles in Web Issue – Page 675
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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.
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PropertyEU Archive
Redevco wins two IPD investment awards
International retail property specialist Redevco has won two awards at the IPD European Property Investment Conference 2011.
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PropertyEU Archive
Pluto and Mountgrange launch resi debt fund
Pluto Capital and Mountgrange have launched a new fund to help finance residential developments in London and the south-east of England. The fund was established through Mountgrange's real estate opportunity fund MoREOF and will be managed by Pluto Finance. It is expected to deploy £50 mln (EUR 57 mln) over ...
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PropertyEU Archive
Soric seeks manager for new hotel in Marbella
Specialist hotel real estate broker, Soric International, is seeking a luxury brand and management deal for the 105-room Mountain Spa Marbella, a proposed luxury mountain resort development in Istan, 15 minutes from the Mediterranean coast. The site has spectacular views across Lake Concepcion to the hills of the Unesco-protected Sierra ...
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PropertyEU Archive
British Land's profit rises 3% to £256m
UK REIT British Land saw its profit rise 3% year-on-year to £256 mln in 2010, from £249 mln a year before.
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PropertyEU Archive
FdR places EUR 550m worth of bonds
French SIIC Foncière des Régions (FdR) has announced the issue of EUR 550 mln worth of convertible bonds due on 1 January 2017.
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PropertyEU Archive
Orchard Street acquires EUR 58m industrial portfolio
Orchard Street Investment Management has acquired a portfolio of industrial properties in the south-east of England for a pension fund client. The investment volume of £50.4 mln (EUR 58 mln) reflects a net initial yield of 7.1%.
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PropertyEU Archive
Hesse Newman buys in Brussels for EUR 62m
Hamburg-based closed-end fund manager Hesse Newman has acquired an office building in the Leopold district of Brussels from an unnamed party for around EUR 62 mln.
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PropertyEU Archive
Siemens and HIH agree sale-and-leaseback deal
German closed-end fund manager HIH has acquired an office property in Hamburg's Lindenplatz district on behalf of an unnamed institutional investor from electronic giant Siemens. The companies agreed not to disclose the purchase price in the sale-and-leaseback transaction.
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PropertyEU Archive
InfraRed buys German logistics assets from Redevco
InfraRed Capital Partners has acquired two logistics facilities in Germany from Redevco Services Deutschland for an undisclosed amount. The properties are earmarked for the company's InfraRed European Active Real Estate Fund.
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PropertyEU Archive
Gazeley develops new logistics park in Brescia
Global logistics developer-operator Gazeley has announced plans to develop a new logistics park on a 25-hectare site in Brescia, northern Italy. Phase I of the Magna Park Manerbio is expected to accommodate up to three build-to-suit facilities totalling 80,000 m[sup]2[/sup].
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PropertyEU Archive
Minerva confirms takeover talks
London-listed property company Minerva has confirmed it is in 'advanced discussions' with a number of parties regarding a possible takeover of its £1bn struggling development business.
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PropertyEU Archive
Prime Office plans to list as G-REIT
Germany's Prime Office said on Monday that it is planning to launch an Initial Public Offering (IPO) on the Frankfurt and Munich stock exchanges this summer beforing converting to a tax-transparent real estate investment trust (REIT).
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PropertyEU Archive
Sonae Sierra to manage Italy's Le Isole mall
Portuguese retail specialist Sonae Sierra has reached a property management service agreement for Le Isole shopping centre, located in Gravellona Toce, Italy.
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PropertyEU Archive
IVG places structured private placement
IVG Private Funds has created a closed-end fund for the European headquarters of Hermes Logistics Group in the fund manager's first structured private placement. IVG has retained a long-term minority interest in the building and will be responsible for the commercial management of the property and asset management. The financial ...
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PropertyEU Archive
CA Immo, Union sell 2 malls in the Czech Republic
Austria's Ca Immo and Germany's Union Investment have sold two shopping centres in the Czech Republic for a total of around EUR 96 mln, in the largest retail property deal in the country since 2008. The buyer is an unnamed Czech investor.
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PropertyEU Archive
AXA RE in EUR 55m sale-and-leaseback with Eroski
AXA Real Estate Investment Managers (AXA Real Estate) said on Tuesday that its Alternative Property Income Venture (APIV) fund has purchased a portfolio of 28 petrol stations in northern Spain in a EUR 55 mln.
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PropertyEU Archive
Hines Sgr sells building in Milan for EUR 55m
Hines Sgr has announced the sale of an office building located at Foro Buonaparte 16 in Milan to an unnamed buyer for around EUR 55 mln. The acquisition was made on behalf of Hines' Monte Paschi Hines Real Estate Crescita fund for a price 30% higher than the acquisition investment ...
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PropertyEU Archive
Nueva Rumasa's hotel portfolio goes into administration
A portfolio of seven hotel assets on the Balearic islands has gone into administration after its owner, Spain's Nueva Rumasa, defaulted on the loan.
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PropertyEU Archive
De Putron appoints new portfolio manager
De Putron Fund Management Limited has appointed Christian Roos as a specialist portfolio manager investing in European real estate securities. His position is part of the investment management team. Roos has been joined by Charlie Bull who will work as a research analyst.
