All Real Assets articles in Web Issue – Page 737
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PropertyEU Archive
Poland in top 3 for retail supply in Europe
Poland is among the top three European countries in terms of future retail development, according to research by Jones Lang LaSalle. Nearly 670,000 m[sup]2[/sup] is currently being developed in Poland with delivery scheduled for 2011 to 2013.
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PropertyEU Archive
Treveria extends EUR 421m securitised facility
AIM-listed German retail property company Treveria has been granted an extension of up to three years on its EUR 421 mln Silo E securitised debt facility. The company has signed an agreement with servicer Hatfield Phillips, acting on behalf of the lenders to Silo E, whereby the loan will be ...
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PropertyEU Archive
Allianz, Covéa launch EUR 540m bid for FPF
German insurer Allianz is teaming up with its French peer Covéa to launch a bid for Fonciere Paris France (FPF) a month after the French real estate investment trust saw an offer from Fonciere des Regions collapse in the wake of the recent market turmoil.
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PropertyEU Archive
Captiva fund acquires German retail for EUR 56m
Captiva Capital Partners III has acquired a retail portfolio in south-western Germany for over EUR 56 mln. The vendor was Romanian billionaire Dinu Patriciu's international property company, Dinu Patriciu Global Properties (DPGP).
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PropertyEU Archive
FDL sells German housing portfolio for EUR 78m
Foncière Développement Logements (FDL) has announced the sale of 1,163 housing units in Germant to an unnamed German institutional investor. The sales price comes to a total of EUR 78 mln, in line with the asset's appraised value.
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PropertyEU Archive
Event Hotel acquires Radisson Blu in Tallinn
Cologne-based Event Hotel Group has acquired the 280-room Radisson Blu and an adjacent office building in Tallinn, Estonia. A company affiliated to Event paid an undisclosed amount for the hotel and office building.
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PropertyEU Archive
MGPA eyes new retail acquisition in Germany
MGPA is working on a fresh retail acquisition in Germany for an unnamed separate account investor, Marius Schoener, head of MGPA Germany told PropertyEU on the first day of the EXPO REAL fair in Munich on Tuesday. Schoener declined to provide further details, but said the investment volume was between ...
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PropertyEU Archive
NSI shareholders approve merger with Vastned O/I
A new listed real estate company joins the Amsterdam stock exchange and one leaves this week after shareholders of Nieuwe Steen Investments (NSI) backed the proposal to merge with VastNed Offices/Industrial. As announced earlier, the combined company, to be called NSI, will manage a western European portfolio of retail and ...
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PropertyEU Archive
Citânia gets go-ahead for bank HQ near Lille
Citânia, the urban development arm of French shopping centre specialist Immochan, has received the green light for the development of Oney Banque Accord's new headquarters on the Clinic du Parque site at 34, Avenue de Flandres in Croix, near Lille.
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PropertyEU Archive
Union Investment starts refurbishnment of City office building
German fund manager Union Investment is investing EUR 34 mln in the refurbishment of an office property in the City of London to cater for the demand for energy-efficient core space in London's financial district.
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PropertyEU Archive
Middle Eastern-UK JV buys into Cambridge business park
A joint venture between Middle Eastern capital, advised by WW Advisors, and London AIM-listed Alpha Tiger Property Trust has acquired three office buildings that are part of Cambourne Business Park, Cambridge. The transaction price amounts to £23 mln (EUR 26 mln) including acquisition costs.
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PropertyEU Archive
ICSC calls for more transparency on service charges
The International Council of Shopping Centers (ICSC) has called for more transparency in relation to service charges at European shopping centres.
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PropertyEU Archive
CBRE Hotels sets deadline for Central London hotel dev sites
CBRE Hotels has set an October 17 deadline for offers for both the InterContinental Westminster and the Hilton Southwark development sites in Central London.
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PropertyEU Archive
Retail in Russian regions set to draw institutionals: CBRE
International institutional investors are expected to start buying into retail in Russian secondary cities next year as the segment offers secure opportunities at attractive cap rates of 11-12%, Bill Lane, board member of CBRE in Russia told PropertyEU in an interview.
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PropertyEU Archive
Gecina dismisses CEO, outlines new strategy
French REIT Gecina said its directors have unanimously decided to dismiss Christophe Clamageran as Chief Executive Officer as a result of differences concerning the priorities for the implementation of Gecina's strategy.
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PropertyEU Archive
MAB outlines French urban planning trends
Densification and diversity of urban functions will be two major trends in French urban planning projects, according to research by Dutch property developer MAB Development.
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PropertyEU Archive
European industrial investment hits EUR 4.3b in H1
Industrial investment flows increased across Europe by just 3% in the first half of 2011, according to the latest Jones Lang LaSalle European Industrial Bulletin. Uncertain economic conditions and limited product availability has led to industrial real estate investment volumes stagnating, with activity slowing down rapidly in May and June. ...
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PropertyEU Archive
Middle Eastern investor buys London hotels for EUR 220m
Middle Eastern investor Capital Hill Hotels is acquiring two London hotels for £192 mln (EUR 220 mln). The vendor of the Sanderson and St Martins Lane hotels is Morgans Hotel Group (MHG), the operator and 50% owner of the London joint venture that owns the two hotels.
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PropertyEU Archive
Palmer launches EUR 29m UK joint venture
UK firm Palmer Capital has formed a £25 mln (EUR 29 mln) joint venture to buy quality real estate across the UK in the £1 mln to £10 mln size range. The partner in the Palmer Flemmings Property Partnership is Flemmings Financial Services, a UK financial advisor with a high ...
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PropertyEU Archive
Pramerica closes S$3b Asian retail fund
Pramerica Real Estate Investors has closed Pramerica AsiaRetail Limited, a S$3 bn (EUR 1.7 bn) private open-end property fund that invests in shopping centres on behalf of institutional investors, the company announced on Tuesday. Pramerica is the real estate investment management and advisory business of Prudential Financial, which is headquartered ...
