All Real Assets articles in Web Issue – Page 687
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PropertyEU Archive
Batipart to launch full bid for France's Eurosic
Batipart, the holding vehicle of Charles Ruggieri, founder of Fonciere des Regions (FdR), is to mount a full bid for Paris-listed group Eurosic after acquiring a 19.5% stake in the company as part of an investment consortium. Batipart led the consortium that has acquired housing firm Nexity's and Banque Palatine's ...
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PropertyEU Archive
Dev Secs, Brockton buy Notting Hill mixed-use block
A joint venture between UK property fund manager Brockton Capital and listed firm Development Securities has agreed to buy a Notting Hill office and retail block on Kensington Church Street, London for £47.5 mln (EUR 54 mln).
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PropertyEU Archive
Sovereign debt crisis brakes recovery in Europe: CBRE
The EMEA region recorded below-average property investment transaction volumes of $41.9 bn (EUR 29 bn) in Q1 2011, reflecting continued uncertainty and caution arising from the sovereign debt crisis, according to the latest research by global property adviser CB Richard Ellis. The quarterly transaction average for the region is $51.7 ...
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PropertyEU Archive
Green certification gains traction in Italian office sector
Italian developer Gruppo Vitali has formally handed over its 'green' Innovation Campus development in Peschiera Borromeo, south of Milan to tenant Microsoft Corporation. The scheme - representing the first Leed-certified business park in Italy - will house the new Italian headquarters of the PC software giant, confirming international companies' taste ...
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PropertyEU Archive
ICSC: Growing number of international retailers targeting Europe
A rising number of US retailers are targeting the UK and mainland Europe, Peter Gold, head of cross-border retail at CB Richard Ellis, told PropertyEU at the ICSC conference in Paris. 'US retailers are taking international growth more seriously again,' he said, pointing to Abercrombie & Fitch which recently opened ...
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PropertyEU Archive
Generali widens focus to high-street retail
The fund management arm of Italian insurance giant Generali is looking at a number of high-street properties for potential acquisition as a hedge against inflation, according to Giovanni Paviera, CEO of Generali Immobiliare Italia Sgr. The move represents a major change in the company's investment strategy which has traditionally focused ...
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PropertyEU Archive
Strabag to develop over 15,000 m[sup]2[/sup] in Stockholm
Construction group Strabag's Swedish development subsidiary is to develop over 12,000 m[sup]2[/sup] of residential space and more than 2,000 m[sup]2[/sup] of retail space in Tyresö, a southern suburb of Stockholm.
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PropertyEU Archive
Generali to invest EUR 100m in redevelopment of Milan scheme
The real estate arm of Italian insurance giant Generali is investing some EUR 100 mln to convert an office building in the eastern part of Milan into 120 residential units, Giovanni Paviera, CEO of Generali Immobiliare Italia Sgr told PropertyEU in an interview.
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PropertyEU Archive
MAB-Sonae Sierra jv to develop EUR 120m mall in Germany
MAB Development and Sonae Sierra have formed a joint venture to develop a new EUR 120 mln shopping centre at the former Karstadt building in Solingen, a city in the North Rhine-Westphalia region of Germany.
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PropertyEU Archive
Bouwfonds REIM, Quares to set up EUR 150m Benelux retail fund
European fund manager Bouwfonds REIM is working with Belgian real estate company Quares to establish a real estate fund offering private investors access to high-quality shops in top locations in the Benelux. The fund has an equity target of EUR 150 mln spread over three closings. The fund launch is ...
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PropertyEU Archive
Canary Wharf in talks to buy EUR 170m Citi tower debt - report
Canary Wharf Group is in exclusive talks with Royal Bank of Scotland to buy more than £150 mln (EUR 171 mln) of debt backing the Citigroup tower, which is being sold by its private owners for over £1 bn, the Financial Times has reported.
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PropertyEU Archive
ABN Amro unit buys Dutch distribution centre for EUR 23m
ABN Amro Meespierson has acquired a new distribution centre in the Dutch city of Waalwijk in a sale-and-leaseback transaction with retailer Spar for EUR 23 mln. Spar has signed a 15-year lease agreement with ABN Amro Meespierson Real Estate Growth Fund.
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PropertyEU Archive
Situs forms EUR 3b Nordic debt JV
US-headquartered real estate adviser and loan servicer The Situs Companies has formed a joint venture with German bank HSH Nordbank and special servicer Helios AMC to provide third-party loan servicing and real estate advisory services throughout the Nordic region.
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PropertyEU Archive
Trigranit delivers B4B project in Krakow
CEE developer Trigranit has delivered the Bonarka 4 Business (B4B) office project in Krakow to its tenants. The Class A office complex, representing a partnership of TriGranit Development Corporation and builder IPR Polska, offers 15,700 m[sup]2[/sup] of space in two independent buildings.
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PropertyEU Archive
Immofinanz takes full ownership of SEE developer Adama
Austrian listed group Immofinanz has signed an agreement to acquire the remaining 69.22% stake it did not already own in Southeast European residential developer Adama. The vendors include US-based hedge fund Tiger Global, Morgan Stanley, Lehman Brothers UK in administration and the founding shareholders. The transaction price amounts to EUR ...
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PropertyEU Archive
Westfield Stratford City lines up All Star Lanes
Westfield Stratford City has signed All Star Lanes to open a 14-lane bowling alley, restaurant and cocktail bar at the new London development. The move brings the total leisure component at Westfield's second megamall in the UK capital to around a third, Bill Giouroukous, head of operations told PropertyEU at ...
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PropertyEU Archive
Demand for prime shopping centres persists: C&W
Investor demand for prime shopping centres in the UK, Germany and France is unlikely to wane in the next few months, according to new research released last week by property adviser Cushman & Wakefield.
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PropertyEU Archive
Rental growth continues in select European markets: Knight Frank
The majority of Europe's commercial property markets are continuing to either stabilise or recover at a modest rate, according to Knight Frank's Summer 2011 European Market Indicators research report. In the past three months, rental growth has been observed in a number of key European markets. However, little movement in ...
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PropertyEU Archive
Eurohypo to offload Italy's Magiste portfolio
German bank Eurohypo is seeking a buyer for some EUR 150-200 mln of Italian assets which it recently took over from the insolvent owner, Magiste Real Estate, well-informed market sources have told PropertyEU.
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PropertyEU Archive
Central Europe volumes to reach EUR 5b by end-2011: C&W
Real estate investment in Central Europe continues to gain momentum with EUR 2.09 bn invested so far this year in the core markets of Poland, the Czech Republic, Slovakia, Hungary and Romania, according to Cushman & Wakefield. The property adviser suggests that total volumes for the region could reach EUR ...
