All Real Assets articles in Web Issue – Page 750
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PropertyEU Archive
Hemfosa grabs biggest share of Kefren portfolio
Sweden's Hemfosa has emerged as the largest buyer of the Kefren portfolio sold by Stockholm-based Catella during a public auction last month, Erik Westerlund, partner at Catella, told PropertyEU. The Stockholm-based listed company accounted for a share of 54% of the total portfolio in value terms, Westerlund said.
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PropertyEU Archive
Savills brings commercial site in Limerick to market
International real estate advisor Savills has brought to market a three-acre commercial site in Limerick's main shopping district for a quoting price of circa £12.5 mln (EUR 15 mln).
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PropertyEU Archive
ECE, CA Immo sell congress centre to Messe Frankfurt
German trade fair organiser Messe Frankfurt has purchased the congress centre being developed in Frankfurt's Europaviertel district by a joint venture of Hamburg-based developer ECE and Austrian listed firm CA Immo. The companies agreed to keep financial details confidential.
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PropertyEU Archive
Invesco confirms purchase of Futurama in Prague
Invesco Real Estate, the international property investment manager, has purchased the Futurama business park in Prague's Karlin district. Although the financial details were not disclosed, the deal is believed to be worth some EUR 50 mln reflecting a gross initial yield of 6.9%. Invesco said the transaction was made on ...
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PropertyEU Archive
Cordea Savills to reopen its Nordic Retail Fund
International property fund manager Cordea Savills is reopening its EUR 125 mln Nordic Retail Fund to raise additional capital for further investment.
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PropertyEU Archive
LGP hires Make for London's Hanover Sq office project
Legal & General Property has appointed Make Architects to kickstart plans for its major redevelopment of 7-10 Hanover Square, aimed at taking advantage of favourable market conditions in the Central London office market.
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PropertyEU Archive
Prologis leases 285,000 m[sup]2[/sup] of European space in Q3
Industrial property specialist Prologis signed a total of 285,000 m[sup]2[/sup] of new lease agreements in its European portfolio during the third quarter of 2011. Lease renewals totalling 608,000 m[sup]2[/sup] were also signed during the same period.
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PropertyEU Archive
Fornebu agrees EUR 100m sale of commercial asset near Oslo
Norwegian listed real estate company Fornebu Utviklings has announced the sale of a commercial property at Fornebu, to the west of Oslo, for NOK 780 mln (EUR 100 mln) in cash. The buyer is Aker ASA, a Norwegian holding company engaged in offshore fishing, construction and engineering.
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PropertyEU Archive
Aareal lifts new business in Q3
Wiesbaden-based Aareal Bank reported new lending surged to EUR 3 bn in the third quarter of 2011, boosting the total of new business originated so far this year to EUR 6.2 bn. This marks an increase of more than 50% over the EUR 4.1 bn generated in the year-earlier period.
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PropertyEU Archive
Capco obtains EUR 350m loan from BNP Paribas-led consortium
UK investor Capital & Counties Properties (Capco) was granted a new £300 mln (EUR 350 mln) debt facility to refinance its 2013 Covent Garden loan. The refinancing includes £60 mln of debt capital for acquisitions and is led by BNP Paribas and HSBC Bank along with a further consortium of ...
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PropertyEU Archive
Catella advises on five new bank-related mandates
Catella Group is currently advising on five bank-related mandates involving distressed assets or loans, Erik Westerlund, partner at the Stockholm-based adviser told PropertyEU. He declined to reveal the identity of the owners, but said the assets range from small to large portfolios and had a total value of EUR 500 ...
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PropertyEU Archive
BNP Paribas signs new alliance in Switzerland
BNP Paribas Real Estate is expanding its international presence with the signing of a new strategic alliance in Switzerland.
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PropertyEU Archive
DTZ picks Australia's UGL as preferred bidder
International property broker DTZ said on Tuesday it has selected Australian listed property services firm UGL as its preferred bidder.
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PropertyEU Archive
German savings bank takes control of Corpus Sireo
German savings bank Sparkasse KölnBonn is raising its interest in Cologne-based Corpus Sireo to 50%, from 25% held previously. The shares are to be acquired from company co-founder Michael Zimmer for an undisclosed price.
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PropertyEU Archive
Syrdall business park faces forced sale
The Syrdall business park in Munsbach, Luxembourg is facing a forced sale after its owners defaulted on the loan backing the asset due in April 2011.
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PropertyEU Archive
Global hotel chains eye Starwood Capital's hotel portfolio - report
Global private equity real estate firm Starwood Capital has reportedly received four bids for its eight-strong hotel portfolio from major hotel chains, backed by sovereign investor equity, as well as its former hotel company subsidiary.
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PropertyEU Archive
On-line retail just as costly as shops: ICSC conference hears
The high costs of transport and returning products make selling on-line no cheaper than running a traditional store, delegates at ICSC's European Research Seminar in Copenhagen heard last week. Customers spend four times more in-store than online, according to research, confirming the importance of shopping centres and high streets to ...
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PropertyEU Archive
Hatfield Philips accelerates EUR 156m loan on Berlin mall
Hatfield Philips is demanding repayment in full of the loan backed by the Quartier 206 shopping centre in Berlin after the borrower defaulted on the debt and interest payments due in October.
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PropertyEU Archive
ECE's Auxideico gets 2nd new management contract in Spain
Auxideico, the Spanish shopping centre manager owned by Germany's ECE, has been picked by owner Union Investment Real Estate to manage the Área Sur shopping center in Jerez de la Frontera near Cádiz in southern Spain.
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PropertyEU Archive
PropertyEU Magazine November 2011
The November 2011 edition of PropertyEU Magazine looks at retail property buyers. The share of retail property in total investment volumes has grown significantly since the outbreak of the financial crisis with investors flocking to this traditional safe haven. Germany has become the biggest retail investment market in Europe this ...
