All Real Assets articles in Web Issue – Page 720
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PropertyEU Archive
Commerz Real closes EUR 700m power grid deal
Commerz Real has completed the groundbreaking acquisition of a majority stake in the German energy giant RWE's transmission grid for EUR 700 mln.
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PropertyEU Archive
Gagfah offers to buy back EUR 75m shares
Listed German residential property company Gagfah has announced an offer to buy back up to EUR 75 mln of its shares. The offer will be in the form of a modified Dutch auction with an offer price of between EUR 3.50 and EUR 5 per share.
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PropertyEU Archive
Deka acquires Biz Two office complex in Vienna
German fund manager Deka Immobilien is buying the Bis Two office complex in Vienna on behalf of the open-ended property fund Westinvest Immovalue. The vendor is Austrian developer IC Projektentwicklung. The financial details were not disclosed.
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PropertyEU Archive
Private investor buys shop units in Amsterdam
A private investor has acquired five retail units on one of the most exclusive shopping streets in Amsterdam. The financial details were not disclosed but PropertyEU estimates the investment volume of EUR 18 mln. This reflects a yield below 4.75%.
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PropertyEU Archive
CBRE Hotels mandated to sell London development
CBRE Hotels have been instructed to market a hotel development site in Southwark, London. Situated in booming Bankside, an area which is seeing significant regeneration, the hotel is located between Southwark Underground station and the famous Tate Modern art gallery.
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PropertyEU Archive
C&W to property manage for new Henderson fund
Global real estate adviser Cushman & Wakefield (C&W) has been commissioned to provide property management services to the recently launched Henderson German Retail Income Fund (HGRIF).
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PropertyEU Archive
Sovereign debt issues polarise property markets
Sovereign debt issues are likely to continue to overshadow the fragile and uncertain outlook for the European economy, according to Knight Frank. This in turn is having a significant impact on the property sector, notably in respect of occupier and investor confidence.
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PropertyEU Archive
International investors drive down Dutch office yields
International investors are showing a strong interest in the main Dutch office markets, resulting in net yields being driven downward to between 5.3% and 5.7%, according to research released by Savills.
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PropertyEU Archive
Majoirty of Von Essen Hotels under offer
Property adviser Christie + Co has said that that 19 out of 28 of Von Essen Hotels in the UK are now under offer following two rounds of a bidding process.
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PropertyEU Archive
Grosvenor FM recruits Giles Wintle
Grosvenor Fund Management has appointed Giles Wintle as deputy managing director for Continental Europe. Wintle, who has 15 years experience in European real estate, joins from GIC Real Estate, where he oversaw the investment activity in France, Italy, Nordics, CEE and Russia.
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PropertyEU Archive
Kanam puts EUR 1.1bn portfolio up for sale - report
Kanam is selling its London office portfolio valued at £1 bn (EUR 1.1 bn), according to a report in Property Week. The German real estate fund manager has reportedly appointed Knight Frank to sell the four HQ properties in the portfolio to take advantage of a 'flight to prime' by ...
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PropertyEU Archive
Belgium sees EUR 480m of deals in Q2
Commercial real estate investment in Belgium reached EUR 480 mln in the second quarter of 2011, bringing the total for the first half of the year to EUR 900 mln. This is 40% more than the EUR 650 mln volume in the same period last year.
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PropertyEU Archive
Real IS launches EUR 400m Green Office fund
Real I.S. has announced the launch of a Green Office Fund for institutional investors which aims to build up a portfolio worth some EUR 400 mln.
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PropertyEU Archive
PEPR closes on EUR 97.5m equity raise
European distribution facility owner Logis European Properties (PEPR) has generated EUR 97.5 mln from its capital raise launched at the end of August 2011. PEPR intends to use net proceeds to reduce outstanding debt.
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PropertyEU Archive
BNP Paribas RE adds to Irish retail team
Eoin Feeney and Mervyn Ellis, two retail directors of Commercial Property Consultants HWBC, are joining BNP Paribas Real Estate's team in Ireland.
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PropertyEU Archive
Retail losing shine as markets become overheated
Retail may have proved to be the most resilient property segment in the downturn but it is becoming increasingly challenged, delegates at the annual EPRA conference in London learned last week.
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PropertyEU Archive
Beni Stabili SIIQ delivers Coin fashion store in Milan
Italian REIT Beni Stabili has announced completion of redevelopment work on the former Excelsior - Mignon multiplex cinema in Milan, representing an investment of EUR 20 mln. The scheme has been transformed into a multi-storey high-street store located right at the heart of Milan's shopping district, between Corso Vittorio Emanuele ...
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PropertyEU Archive
Hines fund buys Birmingham office property
Hines has announced that its Pan-European Core Fund (HECF) has acquired an office property in Birmingham for an undisclosed sum. The vendor was the institutional fund arm of German listed property company IVG.
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PropertyEU Archive
Wife of ex-Moscow mayor offloads property company
Binbank's chief executive Mikhail Shishkhanov in partnership with Russia's savings bank Sberbank Investments is buying Inteco, one of the country's leading construction and property companies, for a price said to amount to $1.2 bn (EUR 850 mln).
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PropertyEU Archive
European pooled funds stay postive: IPD
Cross-border European property funds recorded a fifth consecutive quarter of positive returns, delivering 1.2%, despite ongoing eurozone debt contagion concerns, according to the IPD pan-European Pooled Funds Index.
