All Real Assets articles in Web Issue – Page 751
-
PropertyEU Archive
GSW closes purchase of EUR 330m Gagfah portfolio
GSW Immobilien, the German housing firm which went public earlier this year, has completed the purchase of 4,800 apartments for EUR 330 mln from Gagfah, the largest listed residential property owner in Germany.
-
PropertyEU Archive
Europe's funding gap rises 4%: DTZ
The European real estate debt situation is continuing to erode at a time when the global situation is showing signs of improvement, according to new research by property adviser DTZ. The firm found that Europe's debt funding gap rose 4% to $122 bn (EUR 90 bn) in the last six ...
-
PropertyEU Archive
Multiple bids for EUR 450m Catalan portfolio
A EUR 450 mln portfolio being sold by the Catalan government in an effort to boost finances has drawn several bids from both local and international players, Spanish brokerage firm Aguirre Newman told PropertyEU.
-
PropertyEU Archive
Immofinanz seals takeover of Romanian developer Adama
Austrian listed group Immofinanz has completed the acquisition of the remaining 69.22% stake it did not already own in Southeastern European residential developer Adama for just over EUR 42 mln.
-
PropertyEU Archive
Blackstone's Polish fund to expand Magnolia Park in Wroclaw
Private equity firm Blackstone's newly launched Polish retail fund will reveal expansion plans for its 67,000 m[sup]2[/sup] Magnolia Park retail and entertainment centre in Wroc³aw at next week's Mapic fair in Cannes.
-
PropertyEU Archive
VTB Capital poised to sell Moscow business centre - report
VTB Capital is reportedly selling the Lesnaya Plaza business centre in Moscow to 01 Properties owned by Russian banker Boris Mints for an undisclosed amount.
-
PropertyEU Archive
Tristan confirms VGP logistics buy in Czech Republic
European fund manager Tristan Capital Partners has confirmed the acquisition of an 80% stake in six logistics parks in the Czech Republic from developer and manager VGP for around EUR 135 mln.
-
PropertyEU Archive
Värde closes in on Spanish retail portfolio deal at hefty discount
Värde Partners is poised to close the purchase of a retail portfolio across Spain at a massive discount, PropertyEU has learnt.
-
PropertyEU Archive
Fund managers outsource more services to focus on investment
European real estate fund managers are looking to outsource more services to third parties in order to meet increased investor requirements and respond to burgeoning regulation, according to new research from financial services provider State Street Corporation.
-
PropertyEU Archive
Perella Weinberg sells Spanish retail park
Sociedad Industrial Cartagenera de Desarrollo (SICD), the owner of Mediterráneo retail park in Cartagena, has acquired the Mandarache retail park, also in Cartagena, from private equity group Perella Weinberg Capital Partners. Financial details were kept confidential.
-
PropertyEU Archive
Atrium gives EUR 190m vote of confidence to Prague
Listed CEE retail specialist Atrium is rolling out its expansion plans in Central and Eastern Europe with the acquisition of Palác Flóra shopping centre in Prague. PropertyEU spoke to Atrium about the strategic importance of the EUR 190 mln deal carried out in September.
-
PropertyEU Archive
INREV readies second push against 25% capital charge
The European association for Investors in Non-Listed Real Estate Vehicles (INREV) is gearing up for a second push against a 25% capital charge on insurance companies' real estate investments under the incoming Solvency II regime. This week, the European Commission backed the 25% rate despite intensive lobbying from the property ...
-
PropertyEU Archive
Rockspring acquires Swedish shed for EUR 35m
UK-based investment manager Rockspring has acquired a logistics property in Greater Stockholm for EUR 35 mln. The vendor of the Myren 6 & 8 asset was German fund manager Deka Immobilien.
-
PropertyEU Archive
Pbb provides EUR 38m for UK office deal
German bank pbb Deutsche Pfandbriefbank has provided a £33 mln (EUR 38 mln) loan to Area Property Partners, F&C REIT Asset Management and ESAS Holding to fund the acquisition of nine office properties across the UK. The transaction closed on 1 November 2011.
-
PropertyEU Archive
CSC to acquire Westfield stake in Nottingham mall
London-listed Capital Shopping Centres (CSC) has conditionally agreed to acquire Westfield Group's 75% interest in the Broadmarsh Shopping Centre in Nottingham, UK.
-
PropertyEU Archive
Germany takes biggest slice of retail action
Germany accounted for nine big retail deals in excess of EUR 150 mln in the first nine months of the year, or a total of EUR 3.7 bn, according to figures from PropertyEU. Just under half of the deals in the list were by cross-border investors. The bulk of the ...
-
PropertyEU Archive
Gide Loyrette Nouel adds to Warsaw office
The Warsaw office of international law firm Gide Loyrette Nouel has appointed Hugues Moreau as a new partner.
-
PropertyEU Archive
More small funds adopt INREV reporting guidelines
The number of small non-listed funds adopting the INREV Guidelines rose from 54% in 2009 to 71% in 2010, the association for non-listed European investment vehicles announced on Thursday. INREV defines small funds as those with assets under management of less than EUR 100 mln. Overall, 97% of non-listed real ...
-
PropertyEU Archive
JLL advised Henderson on French deal
Jones Lang LaSalle has announced it advised Henderson Global Investors on the acquisition of the 11,000 m[sup]2[/sup] shopping gallery in Paris. Earlier this week Henderson's EUR 1bn Herald retail property fund had acquired the Galerie des Ailes shopping centre in Le Blanc Mesnil, a suburb of Paris in France, as ...
-
PropertyEU Archive
Alpha Industrial hires new project manager
Logistics real-estate specialist Alpha Industrial has appointed Bernd Jungholt to the position of project manager. Jungholt (38) joins the management team headed by Jörg Schröder, managing partner of Alpha Industrial.
