All Real Assets articles in Web Issue – Page 763
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PropertyEU Archive
Germany's Mfi bags Gera Arcaden mall for EUR 107m
German shopping centre specialist Management für Immobilien is buying the Gera Arcaden shopping centre in Thüringen for EUR 107 mln. The vendor is WestFonds 4 Gera Arcaden KG, a fund managed by WestLB, the real estate arm of German bank WestLB.
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PropertyEU Archive
MSREI asks investors for more time to spend EUR 2b
Morgan Stanley's property arm is asking investors for more time to spend almost $2.5 bn (EUR 1.9 bn) of committed equity on real estate assets, according to a news report in the Financial Times.
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PropertyEU Archive
Icade launches EUR 300m revamp of Paris tower
French REIT Icade has unveiled plans to invest some EUR 300 mln in the full redevelopment of the former Descartes tower at the La Défense business district in Paris.
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PropertyEU Archive
Ballymore sells London hotel for EUR 44m
Irish property group Ballymore has sold the Radisson Edwardian New Providence Wharf hotel in London, to Edwardian Hotels for £37.5 mln (EUR 44 mln).
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PropertyEU Archive
Orion in talks to buy EUR 600m of NAMA loans
Orion Capital Managers has been selected as preferred bidder for a loan portfolio with a face value of EUR 600 mln being sold by Ireland's National Asset Management Agency, according to a news report in PropertyWeek.
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PropertyEU Archive
Allianz in running for Swedish mall portfolio
The property arms of insurance groups Allianz and AMF as well as Finnish listed property firm Citycon are believed to be in the running for a portfolio of three neighbourhood shopping centres in Stockholm under offer from Centeni. Currently owned by Royal Bank of Scotland, Centeni is the former joint ...
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PropertyEU Archive
Redefine International appoints new chairman
Redefine International, a London-listed property company, has confirmed the appointment of Greg Clarke as chairman following the retirement of Philippe de Nicolay.
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PropertyEU Archive
British Land, USS back UK mall scheme
UK REIT British Land and pension fund Universities Superannuation Scheme have signed on for the development of a 28,000 m[sup]2[/sup] shopping centre in the UK.
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PropertyEU Archive
Savills brings London landmark to market
Savills has confirmed its appointment to sell the long leasehold interest in Admiralty Arch, London, SW1, on behalf of the UK government.
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PropertyEU Archive
IM buys Nottingham site for logistics project
Warwickshire-based IM Properties has completed a major acquisition of a 45-acre development site for a logistics project in Eastwood, Nottingham from BGL Landfill. Financial details were not disclosed.
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PropertyEU Archive
C&W to market new Polish mall
Cushman & Wakefield (C&W) has been appointed by Polish retail developer Narev Inwestycje to market the planned Galeria Bursztynowa shopping centre in the northeastern Polish city of Ostro³êka.
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PropertyEU Archive
Qatar's SWF snaps up Polish Telecom HQ
Qatar's sovereign wealth fund has inked the purchase of the new headquarters development of Poland's national telecommunications provider from the local arm of French developer and property group Bouygues. Financial details were not disclosed.
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PropertyEU Archive
C&W in Moscow's largest office leasing deal of 2011
Russian construction firm Hals-Development has leased nearly 30,000 m[sup]2[/sup] of office space in its SkyLight business centre in Moscow to local internet company Mail.Ru Group.
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PropertyEU Archive
CDC in talks to buy Groupama's 44% stake in Silic
French financial group Caisse des Dépôts (CDC) has confirmed that it is in negotiations to acquire insurer Groupama's 44% stake in Paris-listed real estate investment trust Silic.
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PropertyEU Archive
Ancore buys Swedish retail asset for EUR 50m
Ancore Fastigheter, a joint venture between Swedish retailer ICA and pension fund Alecta, has acquired the Ljusta 7:5 commercial property in Sundsvall and Skårby 3:31 in Kungsbacka for SEK 450 mln (EUR 50 mln). The vendor was ICA's real estate unit.
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PropertyEU Archive
Eurosic seeks buyer for EUR 500m+ core office portfolio
French real estate investment trust Eurosic has put a EUR 500-600 mln core office portfolio in the Paris region on the market as part of its new value-add strategy, PropertyEU has learned.
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PropertyEU Archive
Australia's UGL completes DTZ takeover
Australian listed property services firm UGL has completed the acquisition of London-based broker DTZ for £77.5 mln (EUR 90 mln). The acquisition was fully funded with debt, plus an adjustment for cash.
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PropertyEU Archive
BayernLB, Deutsche Hypo fund Ludwig Palais project
A consortium of German lenders comprising BayernLB and Deutsche Hypo has provided a 50/50 financing facility for the redevelopment of the Ludwigpalais office-led scheme in Munich's Maxvorstadt city district. The borrower and developer is Quantum Immobilien. The size of the loan was not disclosed.
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PropertyEU Archive
Union secures option on Motel One in Brussels
Union Investment has secured an option to acquire the shares in Royale 120 New Building SA and Royale 120 SA, two Belgian companies engaged in the development of the first hotel operated by Motel One in Brussels.
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PropertyEU Archive
Pluto Finance lends EUR 106m for London projects
Pluto Finance said on Tuesday that it has signed six loans and is in the process of financing four other sites as the company marks six months in business.
