All Real Assets articles in Web Issue – Page 684
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PropertyEU Archive
HB Reavis launches EUR 165m Central European fund
HB Reavis Group, a Slovak-based real estate developer and investor active in Central Europe (CE), has launched its first real estate fund. HB Reavis CE REIF is a Luxembourg-based Sicav-Sif with core strategy, focusing on prime commercial properties in Central European countries, Slovakia, the Czech Republic, Poland and Hungary.
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PropertyEU Archive
TUI begins construction of EUR 250m resort in Tuscany
TUI Resorts & Hotels, a subsidiary of Europe's tourism group TUI, has started construction of the first phase of the EUR 250 mln Castelfalfi Resort in Tuscany. Phase 1 of the project will comprise a boutique hotel, country houses and apartments being built on the 11 km[sup]2[/sup] grounds.
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PropertyEU Archive
MGPA buys into GTC China mall for EUR 45m
MGPA, the private equity real estate investment advisory, has signed an agreement to acquire a 50% stake in Galleria Chengdu from developer-investor GTC China. The investment volume by MGPA Asia Fund III comes to RMB 425 mln (EUR 45 mln).
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PropertyEU Archive
Aberdeen Life appoints new COO
Aberdeen Asset Management Life and Pensions has appointed Helen Webster as chief operating officer.
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PropertyEU Archive
ProLogis plans 'aggressive' expansion strategy
ProLogis aims to become more active on the acquisition front in Europe following its merger with AMB. 'We're on our front foot and looking for growth through good-quality acquisitions and our ongoing development programme,' Philip Dunne, president of ProLogis Europe, told PropertyEU. 'We have a fairly aggressive deployment plan.'
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PropertyEU Archive
Centrum, Signa link up in Munich, Hamburg deal
Austria's Signa Group has teamed up with Dusseldorf-based Centrum Group to acquire the Karstadt Oberpollinger and Karstadt Sports shop in Munich for around EUR 250 mln.
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PropertyEU Archive
ING REIM reshuffles country managers
ING Real Estate Investment Management has announced the appointment of Peter Helfrich as country manager of its German business, effective on 1 August this year. Helfrich succeeds Martin Sabelko, who is returning to his original role as country manager responsible for Central & Eastern Europe to further grow the business ...
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PropertyEU Archive
Invista tips industrial to replace retail as outperforming sector
Industrial real estate will likely replace retail as the outperforming sector in Continental Europe, according to the latest research report produced by Invista REIM. This would be a major change as retail outperformed both the office and industrial sector in 2010 and played a large part in the improving property ...
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PropertyEU Archive
Hatfield Philips: 6-8 Bishopsgate sold for EUR 107m
Special servicer Hatfield Philips has announced that Mitsubishi Estate Company (MEC) paid £95 mln (EUR 107 mln) for Deutsche Bank's City of London headquarters. The transaction was initially announced last week but the investment volume was not disclosed at the time.
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PropertyEU Archive
EPRA Europe Index adds three companies with EUR 8.5b of assets
The FTSE EPRA/NAREIT Developed Europe index has added three more listed property companies with a combined real estate portfolio value of EUR 8.5 bn.
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PropertyEU Archive
Keystone to buy Wembley student flats for EUR 60m
Residential real estate specialist Keystone & Partners has agreed to purchase a 660-bed student accommodation block being developed by London-listed Quintain Estates & Development next to London's Wembley Stadium. The total investment volume will come to about EUR 60 mln.
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PropertyEU Archive
CBRE acquires CEE property management specialist
Property adviser CB Richard Ellis has announced the acquisition of Euro Mall Centre Management (EMCM), a company specialising in the management of shopping centres and malls across Central and Eastern Europe (CEE).
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PropertyEU Archive
Adgar makes further investment in Warsaw
Tel Aviv-listed Adgar has purchased a property on Aleja Prymasa Tysi¹clecia in Warsaw's Wola district, on which BMW Inchcape’s showroom and service point are situated. The property comprises over 4,000 m[sup]2[/sup] of leased area on a plot of about 8,000 m[sup]2[/sup].
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PropertyEU Archive
Rome establishes urban regeneration agency
The Italian capital has established Rome City Investment, a new agency to promote urban development and regeneration through the partnership of public and private bodies.
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PropertyEU Archive
Great Portland Estates appoints finance director
Great Portland Estates (GPE) has announced the appointment of Nick Sanderson as Finance Director with effect from 25 July 2011. He is currently head of Real Estate Corporate Finance Advisory at Deloitte having previously had 10 years of real estate investment banking experience most recently as a managing director ...
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PropertyEU Archive
Multi wins International Retail Leisure Destination of the Year Award
Forum Istanbul, developed by Multi Development Turkey, has won the International Retail & Leisure Destination of the Year Award. The award was presented on Thursday evening at the RLI Gala Dinner in London.
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PropertyEU Archive
ING completes sale of Clarion Partners
Financial group ING has completed the sale of Clarion Partners, its US-based private market real estate investment manager, for $100 mln (EUR 69) to Clarion Partners' management and Lightyear Capital. Clarion Partners had EUR 15.9 bn in assets under management at end-March 2011. Lightyear is a US-based private equity firm.
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PropertyEU Archive
Czech retail market set to rebound
The sale last week of the Olympia malls in Teplice and Mladá Boleslav by Union Investment and CA Immo marks the start of what is anticipated to be a busy summer for the Czech retail property market.
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PropertyEU Archive
'Hidden gems' lurk in UK secondary property debt: Savills
Lenders have the opportunity to find 'hidden gems' in the market for UK secondary property, according to Savills. Secondary and tertiary property account for about 75%, or more than £250 bn (EUR 282 mln) of the total of £350 bn of debt in the UK commercial property market, the international ...
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PropertyEU Archive
Rome toys with idea of rival to Milan property fair
A delegation from Rome attended the Provada real estate fair in Amsterdam this week to examine the feasibility of establishing a similar event for the Italian capital.
