All Real Assets articles in Web Issue – Page 703
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PropertyEU Archive
Hotel investment picks up in Germany: Colliers
Investment in the German hotel market heated up in the second quarter of 2011 and generated a total volume of EUR 325 mln for the period, according to data from Colliers International. The Q2 volume was higher than the previous two quarters, according to Andreas Trumpp, head of Research at ...
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PropertyEU Archive
Spain's Coolway debuts on London's Oxford Street
Coolway, the Spanish shoe and accessories brand, has acquired a 4,500 square foot (418 m2) flagship store on Oxford Street, marking the retailer’s entry into the UK with further plans to expand across London. The price was not disclosed.
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PropertyEU Archive
HDG seeks to grow by M&A
International real estate investment manager HDG is seeking to grow its fund and asset management business through a merger or acquisition in Europe, HDG founder Harold Garrison told PropertyEU. Most of the M&A conversations over the last nine months have been with European companies, he said.
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PropertyEU Archive
CLS unveils 18,000-m[sup]2[/sup] development plans for Vauxhall
London-listed office investor CLS Holdings said it intends to submit a planning application in the autumn for an 18,100-m[sup]2[/sup] mixed-use development, adjacent to Spring Gardens in Vauxhall, south London. The project will cost around £46 mln (EUR 52 mln) to develop.
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PropertyEU Archive
UBS RE offloads Oslo property for EUR 108m
UBS Real Estate has announced the sale of an office building in central Oslo to Norwegian financial services group Storebrand. The sales price of NOK 845 mln (EUR 108 mln) reflects a 14% profit on the amount the asset was acquired for three years ago, UBS said in a statement.
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PropertyEU Archive
Real I.S. to launch EUR 250m German fund
German fund manager Real I.S. is transferring its Hamburger Meile shopping and office complex on the Hamburger Straße to the new Bayernfonds Deutschland 23 closed-end fund which will be marketed to investors in the third quarter.
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PropertyEU Archive
LaSalle sells Hyde Park Hayes offices for EUR 34m
European fund manager LaSalle Investment Management (LaSalle) has closed the sale of the Hyde Park Hayes business park for just over £30 mln (EUR 34 mln), reflecting a net initial yield of 8.2%. The buyer is the Melford Special Situations LP fund, which is managed by UK real estate investor ...
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PropertyEU Archive
Deka invests EUR 37m in Italian logistics centre
German fund management group Deka Immobilien has purchased a logistics property near Piacenza, northern Italy, from local logistics operator Vailog for EUR 37 mln. The asset is earmarked for the Deka Immobilien Europa open-ended fund.
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PropertyEU Archive
MGAM buys land plot for Essen mall development
Metro Group Asset Management (MGAM) has announced the purchase of a 6.3 hectare plot of land in Essen, Germany, for a new 24,000-m[sup]2[/sup] shopping centre. The vendor is the German industrial conglomerate ThyssenKrupp. Financial details were not disclosed and the project is conditional on approval by the supervisory board of ...
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PropertyEU Archive
Immofinanz inks Russian refinancing deal with Rosbank
Austrian property group Immofinanz has agreed a deal to restructure debt backed by its Shushary logistics facility in St Petersburg, Russia with Rosbank, the Russian subsidiary of French financial group Société Generale. Financial details were not disclosed.
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PropertyEU Archive
Dev Secs links up with S Harrison in UK mall project
UK listed property investment and development company Development Securities has entered into a 50/50 partnership with local builder S Harrison Developments to develop the Friarsgate shopping centre in Lichfield.
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PropertyEU Archive
PropertyEU expands sales team
PropertyEU has expanded its sales team with the appointment of Michiel Foekens as Sales Manager effective 15 August. Foekens, 31, will join the team led by Sales Director Arno van Grondelle and Sales Coordinator Gillian Brown. Foekens was previously employed at Real Estate Publishers in The Hague, publisher of Europe ...
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PropertyEU Archive
BayernLB, Berlin Hyp in EUR 140m financing for Carre Suffren
German lenders BayernLB and Berlin Hyp have arranged a EUR 140 mln financing facility with a seven-year term for the Carré Suffren office scheme located at the foot of the Eiffel Tower in Paris. The asset is owned by a joint venture of French office SIIC Foncière des Régions (60%) ...
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PropertyEU Archive
Offices take the lead in Q2: C&W
Investment activity in Europe’s commercial property markets slowed in the second quarter, with transactions down by 11.5% quarter on quarter to EUR 26.2 bn, according to new research issued by Cushman & Wakefield on Tuesday. However, trends were far from uniform market by market, with offices fighting back against retail, ...
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PropertyEU Archive
Cordea Savills fund sells 2 student halls for EUR 32m
International property fund manager Cordea Savills has completed the sale of two assets on behalf of its Student Hall Fund and has bought a new prime project in Edinburgh.
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PropertyEU Archive
Credit Suisse fund acquires Kant Center in Berlin
Credit Suisse Real Estate Fund International (CS REF International) has announced the purchase of the Kant Center scheme in Berlin from an unnamed foreign fund. Although the transaction details were not disclosed, the property is said to be worth around EUR 70 mln.
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PropertyEU Archive
C&W boosts EMEA business consulting team
Cushman & Wakefield (C&W) has appointed Sophie Hodges as consulting manager to its EMEA Business Consulting team, based in London.
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PropertyEU Archive
Union scoops majority stake in Bordeaux mall
Union Investment Real Estate is expanding its retail portfolio in France with the acquisition of an 80% stake in the OPCI vehicle holding the EUR 80 mln Géant shopping centre in Bordeaux. The Hamburg-based investor is investing around EUR 63 mln in the purchase of the asset, which was developed ...
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PropertyEU Archive
Cordea Savills buys into French logistics
International property fund manager Cordea Savills has completed the purchase of a logistics warehouse in Trappes, 30 km west of Paris for nearly EUR 21 mln excluding taxes. The acquisition was made on behalf of the European Commercial Fund from Invista European Real Estate Trust.
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PropertyEU Archive
LNR Partners Europe names new COO
Commercial property finance specialist LNR Partners Europe said on Monday it has appointed Matthias Schlueter as its new chief operating officer and managing director.
