All Real Assets articles in Web Issue – Page 707
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PropertyEU Archive
Terreis buys vacant office in Paris from Redevco
French REIT Terreis has acquired a 2,600 m[sup]2[/sup] office property in the 8th arrondissement of Paris from Dutch privately-held group Redevco for over EUR 17 mln.
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PropertyEU Archive
Kulczyk Silverstein Properties buys Warsaw office
Kulczyk Silverstein Properties (KSP) has announced its first purchase in Europe with the acquisition of the Stratos Office Center located in the central business district of Warsaw, Poland. The fully-let office complex, which was completed in 2000 and has a GLA of around 11,000 m2, was acquired from Pramerica Real ...
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PropertyEU Archive
CS Euroreal sells in Dortmund and Lille
Credit Suisse's CS Euroreal open-ended real estate fund has sold two properties in Dortmund, Germany and one asset in Lille, France in a bid to increase liquidity and meet investors' redemption demand.
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PropertyEU Archive
Henderson to develop mixed-use scheme in London's Soho
Henderson Global Investors has been given planning permission for a prime mixed-use scheme in the heart of Soho, in London, on behalf of its £700 mln (EUR 860 mln) Central London Office Fund I.
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PropertyEU Archive
Investment in German logistics plunges 17% in H1: Colliers
German logistics and industrial real estate investments fell by 17% to EUR 587 mln in the first six months of 2011, according to new research by Colliers International. The figure goes against the overall trend, which has seen commercial property transactions rise by 24% year-on-year to a total of EUR ...
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PropertyEU Archive
Sonae Sierra posts EUR 13m profit in H1
International shopping centre specialist Sonae Sierra said on Thursday it posted net profit of over EUR 13 mln in the first half of 2011, compared to EUR 648,000 in the same period in 2010.
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PropertyEU Archive
Generali closes purchase of further 27% in Citylife
The real estate arm of Italy's largest insurance group Generali has finalised the purchase of a further 27.2% interest in the flagship CityLife urban regeneration project in Milan for a total of EUR 110 mln. The vendor is insurance group Fondiaria Sai. The closing follows the go-ahead from antitrust authorities ...
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PropertyEU Archive
Capital Group sells $300m portfolio to UFG RE
Russian real estate developer Capital Group is selling two office properties and a shopping centre to UFG Real Estate and an unnamed business partner. Although the financial details were not disclosed, the deal is said to amount to over $300 mln (EUR 211 mln).
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PropertyEU Archive
VIB Vermögen invests EUR 33m in logistics assets
Germany's VIB Vermögen is investing EUR 33 mln in four logistics properties in Germany after having raised funds of nearly EUR 30 mln through a rights issue in June.
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PropertyEU Archive
Swiss Life buys 5 care facilities from Hochtief
Development group Hochtief Projektentwicklung has sold five care facilities with a total of 309 beds in the German cities of Lahnau, Schwalbach, Heusweiler, Burladingen and Altenmünster to the life assurer Swiss Life. The companies agreed not to disclose financial details.
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PropertyEU Archive
CBRE expands UK debt advisory team
CB Richard Ellis (CBRE) has appointed Adam Wilton as senior director to strengthen its UK Debt Advisory division, which originated nearly EUR 1 bn of new loans across Europe last year.
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PropertyEU Archive
Immofinanz resumes dividend payout as earnings bounce back
Immofinanz Group has resumed dividend payouts following a sharply improved performance over the 2010/11 financial year ended on 30 April 2011. The company is proposing a dividend of 10 cents per share after a strong surge in fourth-quarter profits lifted full-year net earnings by 60% to EUR 313.5 mln. ...
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PropertyEU Archive
Immofinanz buys mall development site in Lublin
Austrian listed property group Immofinanz has bought a shopping centre development site in a inner-city location in Lublin, Poland for an undisclosed amount.
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PropertyEU Archive
SCD sells Hungarian lake development to consortium
Hungarian property developer SCD is selling its 50% stake in the Lake Balaton development portfolio to a consortium of investors represented by the newly-created Turisztika Hungária vehicle. Financial details were not disclosed.
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PropertyEU Archive
TNK-BP sells Moscow's Alfa Arbat Center for EUR 170m
Cushman & Wakefield (C&W) has confirmed the sale of the Alfa Arbat Center office complex on Moscow' Arbat Street to Promsvyaznedvizhimost, owned by Russian billionaires, Alexey and Dmitriy Ananyev. The transaction, which was carried out on behalf of Russian oil group TNK-BP, amounts to $238 mln (EUR 167 mln).
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PropertyEU Archive
Immofinanz expects earnings to double by 2013
Immofinanz Group is on track to lift earnings to around EUR 600 mln by the 2012/2013 fiscal year, CEO Eduard Zehetner told PropertyEU. The company reported this week that full-year net earnings soared 60% to EUR 315.5 mln in the year ended 30 April 2011.
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PropertyEU Archive
AXA Real Estate sells Grosvenor mall for EUR 24m
AXA Real Estate Investment Managers has sold the Grosvenor shopping centre in Macclesfield, England, to UK commercial property investor Eskmuir. The property was sold for £21 mln (EUR 24 mln) on behalf of AXA's client, Friends Life Company,
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PropertyEU Archive
IdeaFimit launches EUR 243m Banca Marche fund
IdeaFimit has launched Banca Marche first real estate fund after reaching an agreement with the Italian bank in early 2011. The move, which was tipped by PropertyEU in February, involves Banca Marche selling a portfolio of 135 properties, 128 of which are bank branches, to a new investment vehicle called ...
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PropertyEU Archive
Etalon to build St Petersburg's EUR 350m congress project
Russian listed property developer Etalon has signed an agreement with ExpoForum to become the general building contractor for the first stage of a major congress and exhibition centre in St Petersburg.
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PropertyEU Archive
Colony Capital buys EUR 370m German NPL portfolio
US private equity firm Colony Capital has acquired a portfolio of institutional real estate collateralised non-performing loans (NPL) from four German banks: Eurohypo, Landesbank Hessen-Thüringen, Berlin Hyp and Archon Capital Bank.
