All Real Assets articles in Web Issue – Page 742
-
PropertyEU Archive
BNP Paribas raises EUR 220m for new fund
BNP Paribas Real Estate Investment Services has raised roughly EUR 220 mln of capital from two unnamed French life insurers for a new investment fund.
-
PropertyEU Archive
HSBC Assurances acquires Le Viala in Paris
HSBC Assurances has acquired office property Le Viala in Paris from LaSalle Investment Management. The investment volume and the yield were not disclosed but was likely in the region of EUR 100 mln.
-
PropertyEU Archive
Townsend provides seed capital for first AEW UK fund
The Townsend Group is to provide seed capital for AEW´s UK Core Property Fund. The size of the investment made on behalf of a large pension fund was no disclosed.
-
PropertyEU Archive
Allianz buys business park in Warsaw
Germany's Allianz Real Estate confirmed on Wednesday that it is acquiring the entire Platinium Business Park in Warsaw but declined to reveal any details on the transaction price.
-
PropertyEU Archive
Hines' Garibaldi tower becomes tallest building in Italy
Hines, the international real estate firm, announced on Wednesday that the 30-story Garibaldi Tower in Porta Nuova officially became the tallest building in Italy, rising to 750 sq ft (70 m2) with the addition this past weekend of a 256-foot-tall spire.
-
PropertyEU Archive
Hines fund buys Metropolitan building in Düsseldorf
Redevco's Services Deutschland unit has sold the Metropolitan office building in Düsseldorf to Hines' Pan-European Core Fund (HECF), a vehicle owned by international real estate investor and developer Hines.
-
PropertyEU Archive
Invesco buys Futurama business park in Prague - report
Invesco Real Estate is reportedly buying the Futurama Business Park in the Karlín district of Prague from Austrian developer Erste Group Immorent, according to a report by Europroperty. The deal is believed to be worth some EUR 50 mln. Invesco declined to comment on the report.
-
PropertyEU Archive
UK outlines proposed changes to REIT structure
The UK Government has published proposed changes to the real estate investment trust (REIT) regime. A key change signalled by the UK treasury is abolition of the conversion charge for companies joining the REIT regime.
-
PropertyEU Archive
DTZ commences formal sale process
Listed international real estate broker DTZ has announced plans to start a formal sale process two days after the collapse of negotiations with a consortium of its majority shareholder St. George Participations and French real estate group BNP Paribas.
-
PropertyEU Archive
Goodman to develop 78,000 m[sup]2[/sup] centre at Erfurt
Goodman Group is to develop a 78,000 m[sup]2[/sup] logistics centre for e-commerce retailer Zalando at Erfurt's freight terminal in Germany. The development is pre-let on a 16-year lease term. Construction will commence in mid-October and delivery is scheduled for August 2012.
-
PropertyEU Archive
AXA to liquidate EUR 2.5b German Immoselect fund
AXA Real Estate Investment is liquidating its frozen EUR 2.5 bn Immoselect fund, claiming the European sovereign debt crisis has prevented it from selling enough assets to satisfy the demand among the fund's investors for liquidity.
-
PropertyEU Archive
European investment up 26% y-o-y to EUR 28.8b: JLL
European commercial real estate investment held up in the third quarter despite the turmoil in financial markets over the summer, according to the latest figures from Jones Lang LaSalle.
-
PropertyEU Archive
European retail investment up 38% in Q3: JLL
Retail real estate investment remained strong throughout the summer across Europe, despite the volatile recovery and economic headwinds that continued to face the sector. Direct investment in retail real estate in Europe during Q3 reached EUR 6.7 bn, up from EUR 4.9 bn in Q2 2011 and significantly up ...
-
PropertyEU Archive
Pbb provides EUR 90m loan for UK assets
pbb Deutsche Pfandbriefbank has provided a £78 mln (EUR 90 mln) facility to subsidiaries of O&H Holdings for a portfolio of Mayfair offices in London, and The Heart shopping centre, Walton on Thames.
-
PropertyEU Archive
Property stocks beat Germany's non-listed options: EPRA
German real estate investors could have realised far better long-term returns if a large, dynamic, listed corporate real estate sector had existed in Germany, comparable with neighbouring economies. That is one of the key conclusions of a recent study commissioned by the European Public Real Estate Association (EPRA) shows.
-
PropertyEU Archive
Germany continues to draw strong international interest
Interest in German commercial real estate remains high among both German and international investors with retail property a top favourite, according to a report from Colliers International.
-
PropertyEU Archive
Russia and Turkey drive new developments: C&W
An upturn in shopping centre development in Europe is on the horizon, according to a report from Cushman & Wakefield. Although development has been subdued in some countries for the past few years, improving retailer demand and concerns about potential shortages of prime space are contributing to expectations of a ...
-
PropertyEU Archive
DIC gets hefty discount for stake in Morgan Stanley portfolio
Frankfurt-based property group DIC Asset has acquired the remaining 50% stake in three joint ventures in the segments core-plus and value added that were formerly held together with Morgan Stanley funds. However, while the stake has a market value of EUR 95 mln, according to DIC, the group is believed ...
-
PropertyEU Archive
Estama opens office in Munich
Asset manager Estama has opened an office in Munich in response to growing demand for its services in Germany. The office is the company's first in Bavaria and will be the fifth major regional centre.
-
PropertyEU Archive
AXA, MGPA and Eurohypo to build new EUR 132m City offices
AXA Real Estate Investment Managers, MGPA and Eurohypo have set up a joint venture partnership to develop 6 Bevis Marks, a major new 160,000 sq ft (15,000 m2) office development in the heart of the City of London.
