All Real Assets articles in Web Issue – Page 682
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PropertyEU Archive
Hungary's first 'green' mall to open in 2012
Developer Wing has begun construction of the first 'green' shopping centre in Hungary . Noah Steinberg, chairman & CEO of WING, and Zoltan Pokorni, mayor of the Hegyvidék district, laid the foundation stone for the centre during a ceremony on 2 June.
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PropertyEU Archive
Altarea Cogedim sells retail park for EUR 21m
French retail specialist Altarea Cogedim has signed the deed of sale for the Parc des Bouchardes retail park in Crêches-sur-Saône to Ascencio, a closed-end real estate investment fund (SICAF) specialising in retail warehouses. The investment volume of EUR 21 mln reflects a yield of about 6%.
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PropertyEU Archive
Unicredit makes headway with EUR 300m portfolio sale
The real estate arm of Italian lender Unicredit is finalising the sale of five assets held in the 7RE portfolio, which was put on the market in September last year through Cushman & Wakefield.
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PropertyEU Archive
Sato acquires 400 Finnish apartments for EUR 60m
Finnish residential property investor Sato has acquired 383 rental apartments from OP-Eläkesäätiö and OP-Eläkekassa for EUR 60 mln.
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PropertyEU Archive
Futureal, Caelum secure EUR 50m loan for Polish mall
Hungarian developer Futureal Group and Irish investment firm Caelum Development have secured a EUR 50 mln construction and investment loan from BZ WBK Bank for their Polish joint venture, the Nova Park shopping and entertainment centre in Gorzów Wielkopolski.
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PropertyEU Archive
Signa scoops EUR 500m German portfolio
Signa Holding, the investment vehicle of Austrian businessman Rene Benko, has confirmed the acquisition of three commercial properties offering a combined 40,000 m[sup]2[/sup] in the German cities of Munich and Hamburg for EUR 500 mln. A company spokesperson told PropertyEU on Monday that additional details will be disclosed in the ...
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PropertyEU Archive
Hines fund acquires retail asset in Berlin
Hines Pan-European Core Fund (HECF) has acquired a retail property in Berlin from German developer Sedlmayr-Investa Immobilien. The investment volume was not disclosed.
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PropertyEU Archive
CBRE buys Swiss affiliate firm
CB Richard Ellis Group (CBRE) has acquired CBRE-PI Performance, its affiliate company in Switzerland. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Corenet Global announces awards shortlist
Corenet Global UK Chapter has announced the shortlist of candidates for its annual awards. The entries fall into four main categories: corporate real estate executive of the year sponsored by Segro, corporate real estate partnership award, innovation and sustainability award sponsored by hurleypalmerflatt and young person's essay award run in ...
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PropertyEU Archive
Barcelona companies favour new business areas: Savills
The Barcelona office market saw take-up increase by 10% in the first three months of 2011 compared to the previous quarter with over 60% of properties leased in new business districts, according to international real estate advisor Savills. The research confirms a trend of companies locating outside the central business ...
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PropertyEU Archive
Colliers hires Bredin to head EMEA corporate solutions
Property advisor Colliers International has appointed Dominique Bredin as director in its EMEA corporate solutions team. He will join the newly formed team led by Guy Douetil who was appointed at the beginning of April.
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PropertyEU Archive
Philip Dunne to head new Prologis combine in Europe
Philip Dunne has been appointed as president of the European operations of the combined business of Prologis and AMB. The merged entity, named Prologis, has EUR 8.7 bn of assets under management in Europe covering 13.6 million m[sup]2[/sup].
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PropertyEU Archive
Deutsche Pfandbrief finances Halton Lea mall deal
German lender pbb Deutsche Pfandbriefbank has provided a £34.45 mln (EUR 56 mln) credit facility to AREA Property Partners, F&C REIT Asset Management, and Turkey-based ESAS Holding for the acquisition of the Halton Lea shopping centre in Runcorn, Cheshire, and a parade of retail units and office suites in Stevenage, ...
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PropertyEU Archive
GDF Suez to invest millions in retrofitting Dutch real estate
French energy giant GDF Suez plans to invest millions of euros in sustainable energy solutions in the Netherlands involving partnerships with property investors, developers, end-users and public authorities.
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PropertyEU Archive
European property values limp upwards
European commercial property values increased slightly in the first quarter of 2011, but at a much slower rate than in the last three months of 2010, according to CB Richard Ellis' European Valuation Monitor.
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PropertyEU Archive
EIRE: Stam Europe to build 11,000 m[sup]2[/sup] spec devt in Milan
Paris-based fund manager Stam Europe is investing some EUR 40 mln in the development of an 11,000-m[sup]2[/sup] office scheme on Milan's Viale Certosa, Stam Europe's Chief Investment Officer Mathieu Cassinis told PropertyEU in an interview during the Expo Italia Real Estate trade fair. The project represents one of the first ...
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PropertyEU Archive
Top 10 private equity RE firms have EUR 25b in 'dry powder'
The 10 largest private real estate firms, based on capital raised for closed-end funds in the past 10 years, have a combined $37 bn (EUR 25 bn) in uncalled capital, new research by Preqin indicates. About $20 bn is earmarked for investment in North America,
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PropertyEU Archive
Europa Capital acquires Mall of Sofia for EUR 100m
Europa Capital has entered into an agreement to acquire Mall of Sofia from GE Real Estate and Avestus Capital Partners. This is Europa Capital's second investment in Bulgaria this year and amounts to a transaction volume in excess of EUR 100 million mln.
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PropertyEU Archive
Swiss Prime Site launches EUR 155m bond issue
Listed real estate company Swiss Prime Site is launching a domestic convertible bond issue due 2016 of about CHF 165 mln (EUR 135 mln). The total volume will increase to CHF 190 mln (EUR 155 mln), capped at 2.3 million shares, if the over-allotment option is exercised in full.
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PropertyEU Archive
EIRE: Hines Italia to launch EUR 300m value-added fund
The Italian fund management arm of US investor and developer Hines is preparing the second closing for its Hines Italia Value-added Fund, with a target equity of EUR 100-150 mln, Chief Executive Manfredi Catella told PropertyEU during the opening day of the Expo Italia Real Estate fair held in Milan ...
