All Real Assets articles in Web Issue – Page 7
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PropertyEU Archive
German hotel investment hits record EUR 1.03 bn
The volume of hotel investment in Germany reached a record EUR 1.03 bn in the first ten months of 2006, according to new figures from the German division of Jones Lang LaSalle Hotels. It is the highest annual volume since statistics for the German hotel investment market began in 1990.
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PropertyEU Archive
10th Barcelona Meeting Point opens its doors
Barcelona Meeting Point, the third international real estate trade fair in Europe after Mipim in Cannes and Expo Real in Munich, opened with a symposium organised by the Urban Land Institure on Tuesday. William Kistler, ULI's European President, noted that Meeting Point had come along way since it began 10 ...
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PropertyEU Archive
Carlyle buys Birmingham offices for GBP 150 mln
American private equity firm Carlyle Group has agreed to acquire Colmore Plaza, an office building in the centre of Birmingham in the UK, for £150 mln (EUR 224 mln).
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PropertyEU Archive
UK firm acquires Hungarian portfolio for EUR 82.5 mln
Dawnay, Day Carpathian has acquired a portfolio of 23 Interfruct properties in Hungary in a sale-and-lease-back deal for EUR 82.5 mln. The 23 cash and carry stores are located in Budapest and other major Hungarian cities and have a total gross lettable space of 105,000 m[sup]2[/sup]. The stores are let ...
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PropertyEU Archive
Lubasa identified as bidder for Ferrovail's property arm
Spanish private construction firm Lubasa is one of the three candidates bidding for Grupo Ferrovial's property division, unnamed sources have told Spanish business newspaper Expansion.
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PropertyEU Archive
Bills Gates and Saudi prince to buy Four Seasons
Microsoft co-founder Bill Gates and Saudi Prince Alwaleed bin Talal are to buy the Four Seasons hotel group for USD 3.7 bn (EUR 2.89 bn). Gates' Cascade Investments will team up with Talal's Kingdom Hotels International to buy the Toronto-based Four Seasons group. The announced price, which is equivalent to ...
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PropertyEU Archive
Don't trust the 'experts' blindly - RE investors warned
Commercial property investors should be wary of trusting economic forecasts, leading economist Tim Harford cautioned at the opening meeting of the Barcelona Meeting Point real estate symposium on Tuesday.
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PropertyEU Archive
VastNed finalises Madrid shopping centre deal
Netherlands-based retail property investor VastNed Retail has finalised its acquisition of the new extension of the Getafe III shopping centre in Madrid. The extension, which is located next to a well-established shopping centre to the south of Madrid, comprises 20,000 m[sup]2[/sup] of retail space leased to national and international retailers ...
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PropertyEU Archive
Hague hotel wins FGH Real Estate Prize
The owners of Des Indes has won the FGH Real Estate Prize 2006 for the redevelopment of the five-star Hotel des Indes in the Hague. In transforming the Hotel des Indes into a five-star accommodation, the owners have respected this unique building with its special history, while entirely meeting the ...
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PropertyEU Archive
Wereldhave profits rise by 15%
Dutch-based property group Wereldhave has reported an increase of more than 15 percent in its net profit during the first nine months of 2006. The profit for the first three quarters of the year, consisting of direct and indirect result, increased to EUR 185.4 mln in 2006, the company reported ...
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PropertyEU Archive
ING Real Estate acquires EUR 187 mln portfolio
ING UK Real Estate has agreed to acquire a £125.5 mln (EUR 187 mln) property portfolio from US fund Nivian Unit Trustees. The tranaction includes three offices, three retail properties, a distribution warehouse and a multi-let industrial estate in Bracknell, Bristol and Carlisle, Property Week reported. The purchase price reflects ...
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PropertyEU Archive
Sharp rise in German retail investment in 2006
Investment in German retail properties has sharply increased in 2006, according to a new report by consultancy firm Atisreal Deutschland. Around EUR 18 bn was invested in commercial real estate in German in the first half of 2006, with around EUR 10.3 bn of that going into retail properties, reveals ...
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PropertyEU Archive
Fadesa enters Bulgarian market with EUR 23 mln development
Spanish property developer Fadesa has entered the Bulgarian market with its purchase of land in the centre of the capital Sofia, the company has announced. Fadesa will be investing EUR 23 mln in its first project in Bulgaria. The development, which is aimed at the mid-high target market, will be ...
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PropertyEU Archive
Immoeast buys Prague offices for EUR 70 mln
Immoeast has bought the Diamond Point office property in Prague for around EUR 70 mln, the company announced Wednesday. The property has a lettable area of 27,000 m[sup]2[/sup] and is located close to the Prague Hilton. It is leased on a long-term basis to international companies such as Allianz, Kapsch ...
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PropertyEU Archive
Vectrane announces resort acquisition
French property company Vectrane has announced the acquisition of Club Mediterranee's Deux Alpes village resort for EUR 23.08 mln, excluding transfer taxes.
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PropertyEU Archive
US Treuhand to offer new American blind pool fund
German-based investment company US Treuhand is to launch its new fund UST XVII Preferred Equity within the next few weeks, the company has announced. The new fund will give German investors the opportunity to invest in property in the US in cooperation with the American developer Hillwood. The fund is ...
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PropertyEU Archive
BlackRock launches European Property Fund of Funds
BlackRock's real estate team has launched the Merrill Lynch (ML) European Property Fund of Funds, which will invest in unlisted and diversified property vehicles across Europe.
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PropertyEU Archive
Meeting Point leads charge for European REIT
Real estate and financial professionals held a special meeting at the Barcelona Meeting Point real estate symposium on Wednesday to push for the introduction of European-wide real estate investment trusts (REITs).
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PropertyEU Archive
Morgan Stanley reveals 'secrets' of mega deals
Insider details of how Morgan Stanley engineered two of its biggest commercial property deals of recent times were revealed at the 10th Barcelona Meeting Point real estate symposium. John Carrafiell, boss of Morgan Stanley Real Estate, gave the details while discussing the 'art of the deal' during a lunch meeting ...
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PropertyEU Archive
UK firm to fund Russian logistics warehouse
Raven Russia, the only UK-listed property company focused entirely on investment in industrial property in Russia, is to forward-fund the development of a 222,965 m[sup]2[/sup] logistics warehouse in southern Russia, Property Week reported. Raven is to invest £87 mln (EUR 129 mln) to develop the first of 14 logistics ...
