All Real Assets articles in Web Issue – Page 738
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PropertyEU Archive
Lloyds to take loss of £350m on real estate debt - report
Lloyds Banking Group has received initial bids of around £650 mln for a commercial property debt portfolio with a face value of £1 bn, according to a news report in the Financial Times. If the deal goes through, the bank would be looking at a discount of 35% in what ...
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PropertyEU Archive
Deutsche Wohnen excluded from LLBW's housing bid
Germany's biggest public-sector bank LBBW has excluded Deutsche Wohnen from bidding for its real estate assets. In a statement on Tuesday, Deutsche Wohnen has confirmed its exclusion from the bidding process, expressing regret for this development.
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PropertyEU Archive
Bouygues, Grainger team up in new UK residential fund
France's Bouygues Development and UK listed residential landlord Grainger have announced the creation of, and their co-investment in, a new Build-To-Let fund targeting residential assets.
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PropertyEU Archive
Widening yield gap buy signal for prime Eurozone property: CBRE
The widening yield gap between government bonds and prime real estate in Europe is significantly enhancing the attractiveness of property for yield-driven investors seeking secure medium-to long-term income, according to a report from CBRE.
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PropertyEU Archive
RREEF poised to buy Portuguese shopping centre portfolio
RREEF, the real estate investment manager of Deutsche Bank, is closing in on the acquisition of the owner-manager of 16 shopping centres in Portugal, according to Spanish media reports.
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PropertyEU Archive
Prime rents and yields remain stable in Europe: CBRE
Prime commercial property rents and yields held firm in the third quarter despite the flow of significantly negative economic news and nervousness in the financial markets, according to the latest figures released by CBRE.
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PropertyEU Archive
Pramerica puts Tour Vista on the market
Property advisor Savills has confirmed that Pramerica Real Estate Investors is selling the 16,770 m[sup]2[/sup] Tour Vista office building in La Défense in Paris. The move was reported last week by PropertyEU.
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PropertyEU Archive
Tristan raises EUR 300m in 2nd close for core-plus fund
Pan-European real estate investment manager Tristan Capital Partners has raised over EUR 300 mln following the second close for its European core-plus real estate fund. Seven new institutional investors from Germany, France, the Netherlands and Finland, invested in Curzon Capital Partners III LP Fund (CCPIII) at the second close, joining ...
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PropertyEU Archive
P3 secures new BTS project for Schnellecke
PointPark Properties (P3) said on Wednesday that construction has commenced on a new 25,000-m[sup]2[/sup] warehouse facility in Bratislava, Slovakia. This build-to-suit project is being developed within PointPark Bratislava situated at the border of Czech Republic, Austria and Hungary.
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PropertyEU Archive
European property investment edges up in Q3
France and Italy experienced the strongest quarter-on-quarter growth as European real estate investment increased in the third quarter of 2011. The total value of commercial real estate investment in Europe in Q3 2011 was EUR 26.3 bn, representing a slight (2%) increase on the EUR 25.8 bn recorded in Q2 ...
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PropertyEU Archive
Barclays provides EUR 30m refinancing in UK
Barclays Corporate is providing £27 mln (EUR 31 mln) in financing to Manchester-based developer Patrick Properties. The three-year facility will help refinance a portfolio for which Royal Bank of Scotland and National Australia Bank, through Yorkshire and Clydesdale Banks, had provided debt.
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PropertyEU Archive
AXA REIM acquires German logistics centre
AXA Real Estate Investment Management has acquired a logistics complex in Germany from the development arm of construction company Hochtief. The investment volume was not disclosed.
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PropertyEU Archive
FPF rejects Allianz-Covea's bid as hostile
Paris-focused office landlord Foncière Paris France (FPF) has rejected a bid by Paris Hotels Roissy Vaugirard (PHRV) saying 'it does not present any advantages' for the business.
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PropertyEU Archive
Apartments go on sale at Amsterdam's Zuidas
Amsterdam's vision of transforming the Zuidas office district into a new urban centre moves a step closer this weekend as 46 terraced apartments go on sale.
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PropertyEU Archive
CBRE beefs up German investment team
Global property adviser CBRE has added seven new members to its German Investment team, mainly by recruiting staff from BNP Paribas Real Estate and Jones Lang LaSalle.
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PropertyEU Archive
Risanamento extends bid deadline on Milan's Santa Giulia
Italian developer Risanamento has extended the final date for receiving a binding offer from an investor consortium led by businessman Stefano Stroppiana on Milan's Santa Giulia until December 15.
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PropertyEU Archive
Française REM buys Le Stratège office in Puteaux
French fund manager Française REM has acquired Le Stratège office building in Puteaux, in the western suburbs of Paris, on behalf of its SCPI Selectinvest 1, Epargne Foncière and Multimmobilier 2 investment vehicles. The vendor is IVG Institutional Funds. The transaction price comes to over EUR 25 mln.
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PropertyEU Archive
More companies look to expand in Moscow: C&W
Moscow has been ranked the most desirable European city for companies to expand into for the second year running, according to a survey by global property consultant Cushman & Wakefield. The number of European companies which expect to locate in Moscow within the next five years has jumped to 57 ...
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PropertyEU Archive
Grosvenor links up with Derwent on West End project
Privately owned property group Grosvenor and UK REIT Derwent London are forming a partnership to consider the redevelopment of 1-5 Grosvenor Place, London SW1. The site of over 1.5 acres, next to Hyde Park Corner, offers the opportunity to undertake a substantial mixed-use redevelopment, likely to include a luxury hotel, ...
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PropertyEU Archive
Kroot joins management of EUR 1.1b Dutch retail fund
ASR Real Estate Investment Management has appointed Michiel Kroot as fund controller for its Dutch Prime Retail Fund. Kroot will form the dedicated fund management team for the ASR Dutch Prime Retail Fund together with fund operations manager Bart Vink and fund director Bas Tiemstra.
