All Real Assets articles in Web Issue – Page 705
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PropertyEU Archive
KanAm fund sells Lumion scheme in Geneva
German fund manager KanAm has sold the Lumion office scheme opposite the Geneva airport in Switzerland for CHF 72 mln (EUR 63 mln), a 20% premium on its book value of CHF 59 mln. The companies agreed not to disclose the name of the buyer.
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PropertyEU Archive
Segro builds 28,000-m[sup]2[/sup] distribution platform for Casino
UK REIT Segro has been commissioned to develop a distribution platform in the municipality of Gonesse, in the northern part of the Ile de France region, for Distribution Casino France (DCF), part of French retail chain Casino.
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PropertyEU Archive
Canary Wharf, Qatari Diar buy Shell London project for £300m
Multinational oil conglomerate Shell International has picked Canary Wharf Group and Qatari Diar as the preferred parties to develop one of London's most sought-after construction sites - the Shell Centre on London's South Bank.
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PropertyEU Archive
Eurosic agrees EUR 350m GE portfolio deal in France
French real estate investment trust Eurosic has signed a preliminary agreement to acquire GE Capital Real Estate's EUR 346 mln office property portfolio in France.
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PropertyEU Archive
LGP starts £65m Covent Garden office development
Legal & General Property (LGP) on Friday started construction at its Covent Garden scheme in London's West End following the appointment of UK construction and regeneration group, Morgan Sindall. The investment in the project is planned to amount to £65 mln (EUR 74 mln).
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PropertyEU Archive
Accor divests Paris' Arc de Triomphe hotel
French hotel chain Accor has announced the disposal of the Sofitel Arc de Triomphe in Paris through a sale and management-back arrangement with a consortium of French private investors. The transaction price amounted to EUR 69 mln, including EUR 44 mln for the purchase of the hotel and a commitment ...
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PropertyEU Archive
CBRE, JLL agree global advisory mandates with HSBC
CB Richard Ellis (CBRE) and Jones Lang LaSalle (JLL) have been appointed by HSBC to serve as its global strategic property portfolio manager and regional transaction partners.
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PropertyEU Archive
Citycon appoints new head of Swedish operations
Swedish listed property firm Citycon has appointed Johan Elfstadius as head of Swedish operations and a member of the corporate management committee.
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PropertyEU Archive
UK real estate investors shift focus to regional assets: JLL
UK real estate investors stayed cautiously positive in the second quarter of 2011 as prime property continued to capture interest, according to the latest Jones Lang LaSalle UK Investor Confidence survey. This is despite second quarter investment volumes falling 24%, following a stellar Q1 2011 performance, boosted by the £1.6 ...
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PropertyEU Archive
Investor trio buys Telereal's Moorgate site for new development
MGPA's Europe Fund III has partnered US investment manager CarVal Investors and London-based Quadrant to acquire the Telereal Trillium / Royal Mail properties in the City of London. The purchase price was in the region of £35 mln (EUR 40 mln).
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PropertyEU Archive
Europa Capital, Warimpex sell Sobieski hotel in Warsaw
Europa Fund II, the private real estate investment fund managed by Europa Capital, and Vienna-listed Warimpex Finanz- und Beteiligungs have sold the 435-room Jan III Sobieski hotel in Warsaw and an adjacent 6,000 m[sup]2[/sup] office building to the Norwegian hotel investor and asset manager, Wenaasgruppen. The sale price was in ...
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PropertyEU Archive
Retail properties top investors' lists in Germany: Colliers
Retail property investment in Germany totalled nearly EUR 6 bn in the first six months of 2011, representing around 53% of commercial property transactions, according to a new research report by Colliers International.
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PropertyEU Archive
Rise in German student numbers creates investment opportunities: Savills
The German student apartment market is ripe for investment due a shortage of student halls places and the end of national military service, which is expected to boost student numbers, according to research by international real estate services firm Savills.
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PropertyEU Archive
CEE investment activity hits EUR 5.3b in H1: CBRE
Real estate investment in Central and Eastern Europe (CEE) reached EUR 5.3 bn in the first six months of the year, largely fuelled by strong performances in Moscow and Warsaw, according to new research by CB Richard Ellis (CBRE). This figure brings the year-to-date investment volume in the region close ...
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PropertyEU Archive
Tishman Speyer secures EUR 124m loan from Barclays
Barclays Real Estate has provided the Tishman Speyer Core European Fund with a £109 mln (EUR 124 mln) loan to purchase Sanctuary Buildings, a landmark freehold office building in Westminster, London, which is let to the UK Government.
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PropertyEU Archive
Reyal Urbis sells Barcelona hotel for EUR 25m
Spanish listed property firm Reyal Urbis has sold a building located in downtown Barcelona, near the Paseo de Gracia and Plaza Catalunya, to the H10 hotel group for EUR 25 mln. The operation releases EUR 9 mln in funds, the company said in a statement.
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PropertyEU Archive
Europa Capital, Ediston JV buys EUR 74m UK office portfolio
Europa Capital's Europa Fund III and Ediston Properties have acquired seven UK office properties for around £65 mln (EUR 74 mln). The vendor was not disclosed.
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PropertyEU Archive
Crown, Norges Bank make first joint purchase
The 75/25 Regent Street Partnership, comprising The Crown Estate and Norges Bank Investment Management (NBIM), has announced the purchase of its first two properties, 4 Conduit Street and 1 Maddox Street, for £28 mln (EUR 32 mln).
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PropertyEU Archive
Union snaps up Breisgau Center for new retail fund
Union Investment Real Estate has made the first acquisition for its newly-launched retail property fund for institutional investors, UII Shopping Nr. 1. The German investor has purchased the Breisgau Center scheme in the Freiburg-Haid business park in Freiburg from a property company operated by Hamburg-based Newport. The companies agreed not ...
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PropertyEU Archive
Orco links up with Unibail Rodamco to build Prague mall
CEE listed developer and investor Orco Property Group said on Monday it is joining forces with Franco-Dutch property heavyweight, Unibail Rodamco to develop a major shopping centre on the Bubny plot in downtown Prague.
