All Real Assets articles in Web Issue – Page 771
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PropertyEU Archive
Bank club finances Metro Shopping fund's UK malls
BayernLB and pbb Deutsche Pfandbriefbank have granted a £140 mln (EUR 166 mln) financing for the Southside shopping centre to the Metro Shopping Fund, a joint venture between clients of Delancey and Land Securities.
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PropertyEU Archive
Blackstone poised to close Project Isobel deal - report
The Royal Bank of Scotland and Blackstone are about to close a deal in which the bank will hand over control of £1.4 bn (EUR 1.7 bn) of distressed property loans to the US private equity group, according to a news report in the Financial Times.
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PropertyEU Archive
Wereldhave buys Paris project from BNP Paribas
Dutch listed property firm Wereldhave has reached an agreement to buy the Noda office development project in Paris for an investment volume of EUR 138 mln.
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PropertyEU Archive
Middle Eastern JV buys mixed-use scheme in Nottingham
A group of Middle Eastern investors advised by WW Advisors have joined forces with UK private investor Stainton to acquire Chapel Quarter in Nottingham for £20 mln (EUR 24 mln). The vendor is Royal London Asset Management's Scottish Life Fund. The deal reflects a yield of 8.75%.
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PropertyEU Archive
Economic concerns slow industrial take-up: JLL
Take-up of industrial space across Europe, the Middle East and Africa (EMEA) fell 19% to 3.6 million m[sup]2[/sup] in Q3 2011 compared with the previous quarter, reflecting occupiers' more cautious stand as concern grows over the ongoing economic climate in the eurozone and the global slowdown in economic growth.
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PropertyEU Archive
Multi, Union open Forum Kayseri in Turkey
European retail property developer Multi Development and German investor Union Investment opened Forum Kayseri shopping centre in the Anatolian region of Turkey on Wednesday. The scheme represents an investment value of EUR 250 mln.
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PropertyEU Archive
JLL to manage Grosvenor retail portfolio in Sweden
Jones Lang LaSalle Sweden have been appointed to provide management, leasing and development advice for Grosvenor's Swedish property portfolio. The portfolio includes the Väsby Centre, Bålsta Centre, Haninge Centre and ICA Maxi properties in Helsingborg, with a total floorspace of 100,000 m[sup]2[/sup].
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PropertyEU Archive
Land Secs signs EUR 1.3b facility
UK REIT Land Securities has signed a new £1 bn (EUR 1.3 bn) five-year bank facility at a headline margin of 120 basis points over Libor.
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PropertyEU Archive
Lone Star scoops up EUR 1b Lloyds loan package
US private equity group Lone Star has completed the purchase of the £900 mln (EUR 1.08 bn) Project Royal UK secondary commercial property loan portfolio from Lloyds Banking Group. Financial details were not disclosed but the portfolio is believed to have been sold at a 40% discount to face value.
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PropertyEU Archive
Hansteen acquires UK industrial portfolio for EUR 177m
UK REIT Hansteen has announced the completion of the acquisition of an industrial portfolio for £147 mln net (EUR 177 mln).
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PropertyEU Archive
AMF pulls off largest Swedish retail deal of 2011
Pension provider AMF has acquired three prime shopping centres in Stockholm in the largest Swedish retail property deal of 2011. The investment volume was not disclosed but it is believed to be just over SEK 4 bn (EUR 450 mln). There was stiff domestic and international competition for the assets.
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PropertyEU Archive
Klépierre buys Toulouse mall for EUR 97m, sells 3 assets
French retail specialist Klépierre has acquired the shopping mall adjoining the E. Leclerc hypermarket in Roques-sur-Garonne, southwest of the Greater Toulouse Area. The transaction price of EUR 97 mln reflects a yield of 10.4%.
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PropertyEU Archive
German fund acquires Finnish business park
An unnamed German fund is buying Business Park Safiiri in Finland for EUR 50 mln. The vendor is Finnish construction group YIT.
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PropertyEU Archive
Trigranit Management Corporation appoints new CEO
Philip Mark Evans has been appointed as Chief Executive Officer of TriGranit Management Corporation.
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PropertyEU Archive
Aviva lends to UK student digs project
Aviva Commercial Finance has provided £184 mln (EUR 221 mln) of senior debt to Universities Partnership Programme (UPP) for a student accommodation project at the University of Reading in the UK.
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PropertyEU Archive
French investor purchases Bordeaux site
French investor ANF Immobilier has spent over EUR 27 mln to buy the company owning the development right on a site in Bordeaux.
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PropertyEU Archive
Echo buys Warsaw site for tower project
Polish listed property company Echo Investment is acquiring a former hotel premises in Warsaw for around EUR 31 mln for an office tower project.
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PropertyEU Archive
MAGAZINE: Demand for senior property execs dips
Hiring demand for senior executives is currently at a low ebb as companies batten down the hatches in expectation of a new recession.
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PropertyEU Archive
HOLIDAY NOTICE
This is the last PropertyEU newsletter of 2011. The next edition will appear on Monday 2 January 2012.
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PropertyEU Archive
Skanska sells Skandia HQ in Stockholm
Swedish property and construction group Skanska has divested the headquarters of insurance group Skandia to the real estate arm of pension provider AMF. The investment volume was SEK 1.3 bn (EUR 145 mln). Completion of the deal is expected for the first quarter of 2012.
