All Real Assets articles in Web Issue – Page 770
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PropertyEU Archive
SEB postpones re-opening of ImmoInvest fund
SEB Asset Management said on Monday it is postponing the re-opening of its EUR 6.3 bn SEB ImmoInvest open-ended real estate fund to next year as a result of the ongoing debt crisis and its impact on SEB's disposal programme.
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PropertyEU Archive
NSI to pull out of Swiss market
Dutch listed property firm NSI is planning to sell its entire property portfolio in Switzerland as part of a major strategic refocusing following its merger earlier this year with VastNed Offices / Industrial.
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PropertyEU Archive
Goodman wraps up 2011 with big Amazon deals
Goodman Group will develop two pre-committed logistics centres in Germany totalling 220,000 m[sup]2[/sup] for e-commerce provider Amazon.
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PropertyEU Archive
Bank consortium grants EUR 220 loan for SFR HQ
A consortium of three banks has granted a EUR 220 mln loan for the acquisition of land and the construction of the future headquarters of French mobile phone company SFR in northern Paris. The three lenders are HSBC France, Landesbank Berlin/Berlin Hyp and Société Générale. HSBC France acted as agent.
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PropertyEU Archive
Investor trio buys Copenhagen's UN City for EUR 282m
A three-way consortium comprising Copenhagen City & Port Development and pension funds ATP and PensionDanmark has acquired the 45,000 m[sup]2[/sup] United Nations headquarters in Copenhagen for more than DKK 2.1 bn (EUR 282 mln).
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PropertyEU Archive
Bank club provides EUR 400m credit line to GELF
ING Bank, BNP Paribas and Royal Bank of Scotland have acted as joint mandated lead arrangers for a EUR 400 mln revolving credit facility for Goodman European Logistics Fund (GELF) as part of a broader strategy to increase the fund size and scope.
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PropertyEU Archive
Catalyst Capital acquires Moniuszki tower in Warsaw
European fund manager Catalyst Capital has bought the Moniuszki tower in Warsaw from BPT Optima, a real estate investment fund managed by BPT Asset Management. The companies agreed to keep the financial details confidential. Senior debt for the purchase was provided by Nordea Bank.
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PropertyEU Archive
Greece launches tender for massive Athens site
The Greek government has announced plans to launch a tender for a massive development site near Athens' former international airport.
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PropertyEU Archive
MAGAZINE: Box shops come to Europe
Pop-up stores have already sent the retail establishment reeling, but it is set to be rocked again by another revolutionary phenomenon: the pop-up mall.
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PropertyEU Archive
Italy's Castello Sgr buys Unicoop supermarkets
Italian fund management firm Castello Sgr has bought a portfolio of 10 Coop supermarkets for close to EUR 50 mln, reflecting a yield of around 7%. The vendor was retailer Unicoop Tirreno.
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PropertyEU Archive
Deka swoops on specialist retail centre in Rotterdam
German fund manager Deka Immobilien has acquired the Parkboulevard specialist retail centre in Rotterdam for its WestInvest TargetSelect Shopping special property fund. The vendor is VOF Vierhafens, a joint venture of Dutch property developers MAB and DuraVermeer. The parties agreed not to disclose the purchase price.
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PropertyEU Archive
Iii-investments shops in Paris for German pension scheme
Munich-based fund manager iii-investments has acquired an office building in Paris for a real estate special fund owned by an unnamed German pension scheme. The transaction price comes to EUR 17.5 mln.
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PropertyEU Archive
Unite gets go-ahead for major London project
UK student housing specialist Unite has secured planning consent for a new 951-bedroom development in Stratford, East London.
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PropertyEU Archive
Aareal grants EUR 130m loan to Prologis European Prop Fund II
German lender Aareal Bank has provided a EUR 130 mln debt package to finance a portfolio of 17 modern logistics properties in Germany for ProLogis European Properties Fund II (PEPF II).
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PropertyEU Archive
Kungsleden sells five properties for EUR 24m
Listed Swedish property company Kungsleden has divested five commercial properties for SEK 215 mln (EUR 24 mln). The buyer is Fastighets AB Botvid, which is 50:50 owned by Sweden's Gelba Fastigheter and the Swedish development arm of Austrian construction group Strabag.
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PropertyEU Archive
Cofinimmo buys 285 branches and offices in France
Belgian listed property group Cofinimmo has announced the acquisition of a package of insurance services agencies in France as well as the sale of the Citylink office park in Antwerp.
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PropertyEU Archive
DevSecs restructures EUR 46m loan with Lloyds
UK REIT Development Securities has completed a new five-year £38 mln (EUR 46 mln) loan with Lloyds Bank Corporate Markets, secured on three shopping centres at Ringwood, Thatcham and Bexleyheath.
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PropertyEU Archive
NSI extends maturity of EUR 75m loan with ING
Dutch listed property firm NSI has reached an agreement with ING Real Estate Finance to extend a EUR 75 mln short-term credit facility. This was NSI's largest refinancing requirement for 2012, the company said in a statement on Wednesday.
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PropertyEU Archive
Actys BOG mandated to manage Pramerica's Dutch portfolio
Pramerica Real Estate Investors, the real estate investment arm of US insurance group Prudential Financial, has appointed Actys BOG to manage its property portfolio in the Netherlands, starting January 1, 2012.
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PropertyEU Archive
La Française REM buys Cap Azur project in Marseille
La Française Real Estate Managers has acquired the Cap Azur office development project in the new Euromediterranee district of Marseille for around EUR 21 mln.
