All Real Assets articles in Web Issue – Page 714
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PropertyEU Archive
Eurohypo provides EUR 100m for St Katherine Docks deal
German financier Eurohypo has provided £86.7 mln (almost EUR 100 mln) financing to Max Property Group for the acquisition of St Katherine Docks, London. Max, listed on London's junior AIM market, acquired the asset in a joint venture with an overseas family trust for £156.3 mln in late June.
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PropertyEU Archive
Norrporten sells Swedish portfolio for EUR 154m
Swedish property company Norrporten has announced the sale of its entire portfolio in Linkoping, Sweden and other eight assets in the cities of Sundsvall and Luleå to local investor Fastighetsaktiebolaget Lilium for SEK 1.4 bn (EUR 154 mln).
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PropertyEU Archive
Maximum loan size doubles to EUR 200m in Germany: CBRE
The maximum loan size in Germany has doubled to EUR 200 mln in a single quarter, CB Richard Ellis (CBRE) has revealed in its Q2 2011 European Capital Markets report. Competition between lenders to finance prime transactions in this core market has allowed Germany to defy the trend of tightening ...
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PropertyEU Archive
SEB fund acquires Warsaw office for EUR 38m
SEB Asset Management has acquired a fully let office property in Warsaw from Investec GLL Global Special Opportunities Real Estate Fund, which is managed by GLL Real Estate Partners. The asset was acquired for EUR 38 mln and is being contributed to the portfolio of SEB Europe REI, a German ...
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PropertyEU Archive
PEPR unveils EUR 97m unit offer
Euronext-listed fund ProLogis European Properties (PEPR) has announced an offering of up to EUR 97.5 mln new ordinary units to speed up the deleveraging of the business.
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PropertyEU Archive
Aviva trust buys Malmaison Aberdeen in leaseback deal
London-listed hotel specialist MWB has announced the sale-and-leaseback of its Malmaison hotel development in Aberdeen for £16.1 mln (EUR 18 mln). MWB said that the investment volume reflected a yield it considered to be a strong outcome in the current market environment.
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PropertyEU Archive
Bank consortium funds Deutsche Post portfolio deal
A consortium of German and French banks has agreed to extend a EUR 328 mln real estate financing to Toronto-listed Dundee International REIT. The financing relates to the acquisition by Dundee International REIT of nearly 300 logistics and commercial properties mostly let to Deutsche Post (75%), with an average term ...
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PropertyEU Archive
MFI buys Löhrhof mall in Germany
German retail specialist MFI has acquired the Löhrhof Center shopping centre in the Ruhr region of the country. The vendor was Henderson Global Investors’ Deutsch Shopping Center Fund.
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PropertyEU Archive
More distressed properties coming to market: RICS
The level of distressed properties coming to market is set to continue to rise globally in line with increasing investor demand, according to the Royal Institution of Chartered Surveyors (RICS).
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PropertyEU Archive
NSI-Vastned O/I merger vote postponed
Nieuwe Steen Investments has postponed a vote on its proposed merger with fellow Amsterdam-listed real estate company Vastned Offices/Industrial after failing to get the required quorum for a shareholders meeting this week.
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PropertyEU Archive
Vasakronan purchases Malmö office for EUR 27m
Swedish real estate company Vasakronan is acquiring an office project in the city of Malmö for SEK 246 mln (EUR 27 mln). The vendor is Nordic construction and development group NCC.
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PropertyEU Archive
Hemsö acquires EUR 44m public property in Sweden
Swedish joint venture Hemsö has acquired a newly developed school property north of Stockholm. The property in Upplands Väsby houses two senior high schools, municipal library, work premises for the municipal executive, a cafe and other amenities.
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PropertyEU Archive
MGPA buys 50% stake in Chinese mall for EUR 46m
Independent private equity real estate investor MGPA has completed the acquisition of a 50% share in a Chinese shopping centre for RMB 422 mln (EUR 46 mln).
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PropertyEU Archive
Immac bags German nursing home portfolio for EUR 62m
A consortium led by German investor Immac has acquired a portfolio of nine nursing homes from Hansa Immobilien for around EUR 62 mln. The consortium includes the Hamburg-based Antaris health care group and Azurit-Gruppe.
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PropertyEU Archive
Prologis sells portfolio in US for EUR 81m
New York-listed distribution property group Prologis has sold a 260,000 m[sup]2[/sup] industrial portfolio in the US for $118 mln (EUR 81 mln) to real estate investment manager Clarion Partners.
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PropertyEU Archive
Gort appointed CEO of ASR Real Estate Development
Dick Gort has been appointed CEO of ASR Real Estate Development, the property development company of Dutch insurer ASR, as of 1 September. He succeeds Foppe Kooistra, who retired on 1 July.
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PropertyEU Archive
CEE investment approaching record levels: CBRE
Real estate investment reached EUR 6.9 bn in Central and Eastern Europe (CEE) in the first eight months of this year, an increase of 20% compared to the whole of 2010, data from CB Richard Ellis indicates. The international property adviser said 2011 is already the fourth strongest year in ...
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PropertyEU Archive
Vastned O/I shareholders approve merger with NSI
The shareholders of Vastned Offices/Industrial have 'overwhelmingly' approved the proposed merger with Nieuwe Steen Investments (NSI) during an extraordinary general meeting held in Rotterdam on Thursday.
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PropertyEU Archive
European capital values remain stable: CBRE
The second quarter of 2011 (Q2) marked a continued period of general stability in values across the European commercial property market. While positive (+0.1%), the rate of growth was much slower than seen in the previous two quarters (at +0.4%, and +1.2% respectively), according to the latest European Valuation Monitor ...
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PropertyEU Archive
Composition Capital forms Macau residential JV
Amsterdam-headquartered fund manager Composition Capital Partners has formed a joint venture partnership with a residential property developer in Macau.
