All Real Assets articles in Web Issue – Page 769
-
PropertyEU Archive
NCC acquires HQ from Morgan Stanley P2 Value fund
Swedish builder-developer NCC has acquired its headquarters in the city of Solna for SEK 415 mln (EUR 46 mln). The vendor was Morgan Stanley's P2 Value fund.
-
PropertyEU Archive
Hodes Weill adds 2 to London office
Hodes Weill & Associates, a global real estate advisory boutique, has announced the addition of two senior industry professionals to its London office. Effective January 2012, Dominic Field and Eric Lemer will join the firm, and will be based in London.
-
PropertyEU Archive
FDL clinches EUR 387m refinancing in Germany
French residential REIT Foncière Développement Logements (FDL) has secured a EUR 387 mln refinancing from two German banks to help reduce the company's securitised debt in Germany.
-
PropertyEU Archive
RREEF acquires Paris office scheme for EUR 41m
RREEF, the real estate investment arm of Deutsche Bank, has come back to the French market for the second time in two weeks with the purchase of the Dièse office scheme in Levallois-Perret near Paris for EUR 41 mln.
-
PropertyEU Archive
Generali creates single firm for property activities
Italian insurer Generali is bringing the entire group's property activities together into a single Italian company.
-
PropertyEU Archive
AEW Europe buys from IVG in France
AEW Europe has acquired a 5,000-m[sup]2[/sup] office building at Rue Lafayette in Paris from IVG Institutional Funds. The purchase was on behalf of the Foncière Franklin OPCI investment vehicle.
-
PropertyEU Archive
WestImmo faces liquidation as sale to Apollo is halted
International real estate lender WestImmo faces possible liquidation after its parent bank, WestLB, pulled the plug on a potential sale of the unit to New York-based private equity group Apollo.
-
PropertyEU Archive
Tamar completes MBO of Western European arm
Tamar Capital Partners has completed the management buyout of the Western European part of its real estate asset management business. Led by Rob Brook, the buyout is backed by the directors of the company, including Chris Pope, Tom Stenhouse and Daniel Herrmann, who will ultimately own the newly formed ...
-
PropertyEU Archive
Union's Lipinski Passage wins RICs regneration award
Union Investment Real Estate has been this year's RICS Regeneration Award Poland 2011 for the Lipinski Passage scheme in Warsaw.
-
PropertyEU Archive
Italy's Prima finalises takeover of Zero
The boards of Italy's Prisma and Zero have approved the merger of the two 'Sgr' real estate fund management firms by year-end.
-
PropertyEU Archive
Alstria secures finance for EUR 172m of purchases
Germany's Alstria office REITsaid on Monday that it has been granted EUR 172 mln in financing from Berlin Hyp and Landesbank Berlin to fund recent office property acquisitions.
-
PropertyEU Archive
Segro, Moorfield snap up UK logistics fund for EUR 375m
A 50-50 joint venture of industrial REIT Segro and private equity fund manager Moorfield has acquired the UK Logistics Fund (UKLF) for £315 mln (EUR 375 mln) from Hermes Real Estate Investment Management, Legal & General and LaSalle Investment Management. The purchase price represents a net initial yield of 6.3%.
-
PropertyEU Archive
Altarea sells Vichy mall for EUR 38m
Suravenir, the life insurance arm of Groupe Crédit Mutuel Arkéa, has acquired Les Quatre Chemins shopping centre in Vichy, Central France, from listed retail specialist Altarea Cogedim for EUR 38 mln.
-
PropertyEU Archive
CBRE buys logistics space near Frankfurt airport
CBRE Global Investors has acquired 13,000 m[sup]2[/sup] in the Mönchhof multi-park industrial and logistics complex located near Frankfurt airport. The investment volume was not disclosed.
-
PropertyEU Archive
BNP Paribas to manage Allianz Belux portfolio
BNP Paribas Real Estate Property Management has been mandated by German insurer Allianz to manage its entire property portfolio in Belgium and Luxembourg.
-
PropertyEU Archive
Deutsche Pfandbriefbank extends Aurelis loan
A consortium of banks led by pbb Deutsche Pfandbriefbank has extended an investment finance loan of around EUR 700 mln to Aurelis Asset ahead of schedule.
-
PropertyEU Archive
Deka buys logistics property from Gazeley
German fund manager Deka Immobilien has acquired a logistics warehouse in Kassel from developer Gazeley for around EUR 35 mln. The 47,000 m[sup]2[/sup] property was bought for Deka's WestInvest TargetSelect Logistics fund and is fully leased to SMA Solar Technology.
-
PropertyEU Archive
Union forward-funds Cardiff office scheme
German fund manager Union Investment Real Estate has bought the new office headquarters due to be built for Admiral Group in Cardiff by Stoford Developments for £59 mln (EUR 70 mln). The deal will reflect a net initial yield of 5.85%.
-
PropertyEU Archive
CEE property investment set for record year: CBRE
Commercial property investment volumes in Central and Eastern Europe (CEE) came in at EUR 8.7 bn at the end of November 2011, twice the level registered in the same period in 2010, according to the latest data from CBRE.
-
PropertyEU Archive
MAGAZINE: New recruits head east
Brokerage firms followed the economic tide in 2011, beefing up staff resources in profitable markets and scaling them back in ones where business deteriorated.
