All Real Assets articles in Web Issue – Page 706
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PropertyEU Archive
Orion develops second central London residential site
Orion Capital Managers has bought a second site in London for a luxury residential development. The London-based fund manager is believed to have paid around £85 mln (EUR 97 mln) for the one acre freehold site located between Glebe Place and Old Church Street in the heart of Chelsea
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PropertyEU Archive
Ibus launches retail fund, shops in Germany
International privately-held investor Ibus has announced the launch of a new real estate fund targeting retail properties in Germany and The Netherlands, with a minor focus on France and the UK.
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PropertyEU Archive
C&W picked as exclusive agent for 52,500-m[sup]2[/sup] Volgograd scheme
Cushman & Wakefield (C&W) has been appointed exclusive agent for VolgogradCity, the first Class-A business centre in the Russian industrial city of Volgograd.
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PropertyEU Archive
RBS in EUR 210m Milan deal with Risanamento
Italian ailing property developer Risanamento has agreed the sale of two commercial properties in Milan to its creditor, Royal Bank Of Scotland (RBS), in a deal valuing the assets at over EUR 210 mln.
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PropertyEU Archive
BA pension fund sells in London at 3% yield
Savills has sold two retail assets at 138 New Bond Street and 40-41 Old Bond Street in London to private investors, on behalf of British Airways Pension Fund. The total price for the assets was just over £28 mln (EUR 32 mln).
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PropertyEU Archive
Cap&Reg agrees sale of UK retail park for EUR 81m
The Junction Fund, managed by Capital & Regional, has exchanged contracts to sell the South Aylesford retail park in Maidstone, UK to The Crown Estate for £71 mln (EUR 81 mln), in line with the June 2011 valuation. Completion of the sale is anticipated to take place on 30 September ...
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PropertyEU Archive
F&C REIT hires asset manager
F&C REIT Asset Management, the direct property fund management business of the F&C Group, has appointed Chris O’Connell as an asset manager in the London office.
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PropertyEU Archive
Valad's shareholders back Blackstone takeover
Valad Property Group's shareholders have approved its takeover by two affiliates of Blackstone Real Estate Advisors in a deal that values Valad at roughly A$800 mln (EUR 150 mln). Some 95% of Valad shareholders backed the takeover bid at a shareholders meeting on Monday.
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PropertyEU Archive
BPT Baltic fund completes first purchase in Estonia
BPT Asset Management has secured its first real estate asset, the Lincona Office Complex in Tallinn, Estonia, for its Baltic Opportunity Fund launched in January.
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PropertyEU Archive
Tallest office block in Berlin sold to Episo and Caleus
Property fund Episo and its partner Caleus Capital Investors have bought the landmark Treptowers office building in Berlin from a subsidiary of Allianz Real Estate. Financial details were not disclosed. Berlin-Hannoversche Hypothekenbank provided financing for the transaction.
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PropertyEU Archive
Europa Capital, Immofinanz close Vienna's Gasometer sale
A 50/50 joint venture between privately-held fund manager Europa Capital and listed property group Immofinanz has finalised the sale of OCG2, the second and final phase of its Office Campus Gasometer development in Vienna, for around EUR 75 mln. The buyer is Bank Austria Real Invest.
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PropertyEU Archive
Composition expands European deal team
Composition Capital Partners is strengthening its European deal team with the appointment of Danish national Julie Helweg to manage existing investments within its Europe Funds I & II and undertake research and due diligence for new investment opportunities for Europe Fund III.
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PropertyEU Archive
European property stocks continue downward slide
European property stocks fell 2% in July after shedding 2.1% the previous month, according to figures from GPR. The decline of the GPR 250 Europe Index was led by Spain, which fell by over 17%, followed by Poland (-11.8%), Italy (-10.8%), Austria (-6.2%) and the Netherlands (-6.1%).
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PropertyEU Archive
UBS RE offloads Sebalder Höfe in Nuremberg
UBS Real Estate Kapitalanlagegesellschaft, the Munich-based real estate investment unit of Swiss bank UBS' Global Asset Management arm, is selling the Sebalder Höfe mixed-use scheme in Nuremberg, Bavaria, to a unit of Talanx, the third-largest insurance group in Germany. The transaction amounts to over EUR 24 mln.
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PropertyEU Archive
Bank Austria finances EUR 110m portfolio deal in Vienna
Bank Austria, part of the Unicredit Group, has provided financing for Cimit Holding's acquisition of a portfolio of 53 residential and commercial buildings in Vienna. The EUR 110 mln transaction is one of the largest real estate acquisitions signed this year in the Austrian capital.
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PropertyEU Archive
London & Stamford buys Tesco distribution unit for EUR 26m
London & Stamford Property has exchanged contracts to purchase a distribution unit in Harlow for £23 mln (EUR 26 mln), excluding costs, reflecting a property yield of 7.5%.
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PropertyEU Archive
Hamborner adds EUR 36m of assets to its portfolio
Germany's Hamborner REIT has announced the acquisition of two properties in Erlangen and Offenburg, bringing its total portfolio value to around EUR 487 mln.
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PropertyEU Archive
Allianz teams up with Archstone in the US multi-family sector
Allianz Real Estate has launched a strategic real estate investment with Archstone in the US residential sector, starting with co-investments in two apartment communities. The Allianz investment commitment is over $200 mln (EUR 144 mln).
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PropertyEU Archive
British Land, Oxford appoint contractor for Cheese Grater project
British Land and Oxford Properties have appointed construction giant Laing O’Rourke as the main contractor for their flagship development project in the City of London, nicknamed the Cheese Grater.
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PropertyEU Archive
Aviva Investors launches four UK funds
Aviva Investors has announced the launch of four specialist real estate funds, which it says are aimed at addressing the current under-funding issues being experienced by UK pension schemes.
