All Real Assets articles in Web Issue – Page 713
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PropertyEU Archive
Panattoni to develop 2nd distribution park near Warsaw
Industrial property developer Panattoni Europe is to build a second distribution facility in the Warsaw satellite town of Œwiêcice.
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PropertyEU Archive
Fennia sells 3 logistics assets in Finland
Insurance group Fennia Life has sold three logistics facilities in the Greater Helsinki area and in Tampere, Finland, for an undisclosed amount.
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PropertyEU Archive
Fabege enters EUR 548m interest swap
Stockholm-listed property company Fabege has entered interest-swap agreements totalling SEK 5 bn (EUR 548 mln) to hedge some of the interest rates on its loan portfolio.
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PropertyEU Archive
AFIAA appoints new CEO
AFIAA, the investment foundation for 23 Swiss pension funds focused on international commercial real estate, has announced the appointment of Norbert Grimm as CEO with immediate effect.
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PropertyEU Archive
Atrium on the prowl in Poland
Atrium European Real Estate is on the lookout for further acquisitions in Poland following the completion of its purchase of Promenada shopping centre in Warsaw earlier this year, CEO Rachel Lavine told PropertyEU during a press trip in the Polish capital last week.
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PropertyEU Archive
IFM drops convertible bond issue
IFM Immobilien has abandoned plans for a EUR 18 mln convertible bond issue. The Frankfurt-listed commercial property company said it took the decision to terminate the offer 'given the current market conditions'.
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PropertyEU Archive
Wegner & Schoofs sells retail centre in Eschweiler
Hamburg-based developer Wegner & Schoofs has sold a 12,000 m[sup]2[/sup] retail centre in Eschweiler, in the North Rhine-Westphalia region of Germany to a family office for an undisclosed amount.
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PropertyEU Archive
Wichford to merge with Redefine International
UK listed real estate company Wichford announced on Monday that its all-share offer for Redefine International (RI) has become unconditional.
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PropertyEU Archive
Goodman leases 30,000m[sup]2[/sup] to DSV in Venlo
International distribution centre specialist Goodman has signed a leasing and pre-committed development agreement with logistics company DSV Solutions for the storage and handling of products for Advanced Medical Nutrition (Nutricia) in the Dutch city of Venlo. This will bring the total amount of space leased to DSV in the ...
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PropertyEU Archive
ATP Real estate commits EUR 100m to two US funds
Danish pension fund ATP has committed $145 mln (EUR 100 mln) in two US real estate funds so far this year. The move is part of by the pension fund's property arm, ATP Real Estate, to plough EUR 700 mln into funds and other joint venture strategies.
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PropertyEU Archive
LSP gets EUR 114m refinancing for City offices
UK REIT London & Stamford Property (LSP) has completed a £100 mln (EUR 114 mln) refinancing with Santander Corporate Banking and DekaBank. The refinancing is secured against LSP's City of London office assets at One Fleet Place and One Carter Lane, acquired in January 2009 and April 2011 respectively.
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PropertyEU Archive
Peakside sells asset in Berlin for EUR 12m
Peakside Capital has concluded the sale of a mixed-use asset in Berlin on behalf of Peakside Real Estate Fund I. The asset was acquired by a private investor for more than EUR 12 mln.
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PropertyEU Archive
Russian fund buys London retail unit for sub 3% yield
A Russian investor is acquiring the Rolex Retail unit at One Hyde Park in London for a net initial yield below 3%. The high-end retail unit within the One Hyde Park residential development is located adjacent to the Mandarin Oriental Hotel in Knightsbridge.
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PropertyEU Archive
Henderson makes appointment to Herald fund
Henderson Global Investors has hired Sam Cotton as assistant European retail asset manager for its EUR 930 mln European Retail Property fund (Herald). Cotton will be based in Henderson’s London office and will be responsible for assisting with the implementation of Herald's asset management strategy.
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PropertyEU Archive
Cushman & Wakefield Investors appoints finance director
Cushman & Wakefield Investors (CWI) has announced the appointment of John Tsang as finance director.Tsang, who is based in London, has over 19 years experience in the real estate industry, including 10 in the fund management sector.
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PropertyEU Archive
Poleczki Business Park awarded green certification
The Green Building Certification Institute (GBCI) in Poland has conferred gold LEED for Core & Shell pre-certification on the second construction phase of the Poleczki Business Park project. The scheme is being developed by a 50:50 joint venture between Austrian real estate companies CA Immo and UBM Realitätenentwicklung. CA ...
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PropertyEU Archive
UK leases become more flexible in difficult market: IPD
Lease structures in the commercial property sector have reached an unprecedented level of flexibility, according to the BPF/IPD Annual Lease Review, as landlords continue to adapt to find new tenants, and maintain existing tenancies.
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PropertyEU Archive
ECE and Metro form retail park joint venture
Shopping centre specialist ECE has formed a joint venture with German retail giant Metro to take over Metro's retail park operations. ECE and Metro Properties, the real estate arm of Metro, will each hold 50% in the joint venture named Metro-ECE Centermanagement (MEC). From 1 October, MEC is to take ...
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PropertyEU Archive
Knight Frank sells Passage Saint-Honoré
Belgian apartments investor Chateau Promotion has acquired 8,000 m[sup]2[/sup] of office space on the upper levels of the Passage Saint-Honoré property in the centre of Brussels. The property was formerly occupied by the Ministry of Finance. Chateau Promotion has a building permit to redevelop the space into residential units.
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PropertyEU Archive
Sveafastigheter, Scius team up to search for Nordic opportunities
Nordic private equity group Sveafastigheter has entered into a co-operation agreement with Scius Partners regarding sourcing, execution and management of opportunistic property investments in the Nordic and Baltic markets.
