All Real Assets articles in Web Issue – Page 695
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PropertyEU Archive
'Online retailing will affect asset values'
The growth of online retailing and changing consumer patterns will ultimately affect the way valuers appraise retail properties but not until investors themselves start to change attitudes, according to John Welham, head of European retail investment at CB Richard Ellis. ‘Valuers are not yet reflecting the different level of impact ...
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PropertyEU Archive
AIK purchases Hague office building
Apo Immobilien-Kapitalanlagegesellschaft (AIK) has bought the 4,193-m[sup]2[/sup] office property in The Hague for EUR 12 mln.
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PropertyEU Archive
New Union Investment retail fund eyes German asset
Last week, German fund manager Union Investment launched its first dedicated shopping centre fund for institutional investors - UII Shopping Nr. 1 - with a target volume of EUR 750 mln. Two thirds of the equity has already been raised and the remainder is expected to flow in during the ...
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PropertyEU Archive
Conwert buys into Baubecon portfolio
Austrian listed property company Conwert Immobilien Invest has acquired a portfolio of 1,689 apartments and 160 commercial units part of the former Baubecon portfolio from a joint venture of Italy's Prelios and Deutsche Bank's RREEF investment arm.
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PropertyEU Archive
Green offices become standard in Germany: Savills
Sustainable offices are no longer a niche product but are gradually becoming market standard in Germany, new data issued by international real estate advisor shows.
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PropertyEU Archive
NREP develops new distribution centre in Stockholm
Nordic Real Estate Partners (NREP) has signed an agreement with Dahl Sverige, part of construction material group Saint Gobain, for the development of a distribution centre to support Dahl's expansion in the Nordic region.
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PropertyEU Archive
CMBS issuers mull offerings
The placement last week of a commercial mortgage-baked security by the London branch of Deutsche Bank sent a signal to the market that CMBS is once again emerging as a credible source of debt capital. The £302 mln (EUR 334 mln) facility marked the first European CMBS public offering since ...
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PropertyEU Archive
Regeneration index highlights potential for mixed-use dev funds: IPD
Commercial regeneration property underperformed the UK all-property average in 2010 for the sixth consecutive year, delivering total returns of 13.2%, according to new data released by the Investment Property Databank (IPD).
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PropertyEU Archive
Investor JV formalises offer for Milan's Santa Giulia
An investor consortium led by businessman Stefano Stroppiana has made a formal offer for Risanamento's entire Santa Giulia mixed-use development project in Milan.
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PropertyEU Archive
Private RE investors ready for more risk: Preqin
Investors have a greater appetite for risk, with opportunistic, distressed and value-added funds being considered more attractive than core and core-plus funds, according to new research by Preqin, a data provider on the alternative assets industry.
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PropertyEU Archive
Immofinanz appoints EC Harris to deliver 110,000-m[sup]2[/sup] mall
Listed CEE real estate investor Immofinanz has appointed international consultancy EC Harris to manage the completion of the 110,000-m[sup]2[/sup] Maritimo Shopping Centre in Romania.
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PropertyEU Archive
CLS secures EUR 128m refinancing for French portfolio
London-listed office investor CLS Holdings announced that it has completed the refinancing of 19 French loans valued at EUR 128 mln, and raised an additional EUR 35 mln.
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PropertyEU Archive
RE funds raise EUR 7.7b in Q2: Preqin
Private equity real estate fund-raising rebounded strongly worldwide in the three months to end-June 2011, with 18 funds reaching a final close and raising a total of $11.2 bn (EUR 7.7 bn), according to Preqin, a data provider on the alternative asset sector.
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PropertyEU Archive
Aareal begins repurchase of EUR 2b in Soffin notes
German property financier Aareal Bank is offering to repurchase the remaining EUR 2 bn guaranteed bond issued by the German bank stabilisation agency Soffin. In April 2011, Aareal Bank made an early repayment of the second Soffin-guaranteed EUR 2 bn bond due 5 June 2013 which was held on its ...
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PropertyEU Archive
MGPA acquires 26 retail properties in Germany
MGPA has completed the acquisition of 26 retail properties from AIM-listed German property investor Develica Deutschland. The assets will be added to MGPA Europe Fund III's portfolio, alongside the 135 Aldi stores acquired in September 2010. The financial details of both deals were not disclosed.
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PropertyEU Archive
Deka buys office development in Paris for EUR 330m
German open-ended fund manager Deka Immobilien has bought the 'Vienne Rocher' office development in the centre of Paris for as much as EUR 330 mln. The property will be added to Deka's ImmobilienEuropa fund. The developer and vendor of the complex is French financial and real estate services company Nexity.
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PropertyEU Archive
Intervest acquires logistics sites in Flanders for EUR 36m
Intervest Offices & Warehouses has acquired two logistics sites in the Flanders region of Belgium for EUR 35.8 mln. The sites are located on the important Benelux logistic corridor Antwerp-Limbourg-Liège.
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PropertyEU Archive
Aussie UGL mulls rival bid for DTZ - media report
Australian support services group UGL is seeking to make a rival offer for DTZ, endangering a bid by major shareholder Saint George Participations (SGP), according to a report in UK newspaper The Telegraph. UGL is being advised by Goldman Sachs, the paper said.
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PropertyEU Archive
Goodman builds logistics park in Belgium
Goodman Group is to develop a 25,547 m[sup]2[/sup] turnkey warehouse and distribution centre at Puurs, Belgium for Duvel Moortgat, an independent producer of speciality beers.
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PropertyEU Archive
ING completes divestment of Clarion Real Estate Securities
ING announced on Monday that it has completed the sale of Clarion Real Estate Securities (CRES), ING's US-based manager of listed real estate securities, as well as the sale of ING's equity interests in funds managed by CRES, to CB Richard Ellis Group.
