All Real Assets articles in Web Issue – Page 772
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PropertyEU Archive
C&W to manage 12 assets for iii-investments
Cushman & Wakefield (C&W) is to manage twelve properties on behalf of German fund manager iii-investments from the beginning of 2012.
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PropertyEU Archive
Deka acquires office complex in Bremen
German fund manager Deka Immobilien has acquired a 26,600 m[sup]2[/sup] office complex in Bremen. The scheme consists of the 'KaffeeQuartier' and 'Rösterei' buildings and was sold by the company H. Siedentopf.
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PropertyEU Archive
Blackstone adds to Polish retail portfolio
Blackstone has added another shopping centre to its Polish retail real estate fund, King's Street Retail. The US private equity firm announced the acquisition in late December of Wzorcownia, the W³oc³awek shopping mall opened in 2009.
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PropertyEU Archive
Last-minute deal flurry needed to lift December volumes
PropertyEU Research recorded a series of large real estate transactions in Europe with a total volume of EUR 1.1 bn on 22 December. This brings the total of reported EUR 20 mln-plus deals for the first three weeks of December to EUR 5.9 bn. The figure, though sizable, is well ...
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PropertyEU Archive
Beni Stabili sells 48% of IREF fund's assets
Beni Stabili's asset management company signed EUR 200 mln worth of disposals for the BS IREF fund in 2011.
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PropertyEU Archive
Prelios completes EUR 540m refinancing
Prelios – formerly the real estate arm of the Pirelli Group - has refinanced credit lines totalling EUR 539 mln. The largest element involved extending a EUR 359 mln club facility with banks to December 2014 with amortization.
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PropertyEU Archive
Ahlström acquires industrial facility in Finland
Finnish manufacturing group Ahlström has purchased an industrial facility development for EUR 20 mln. The asset in Hämeenlinna, Finland is being built for Finnish-based international packaging group Paccor.
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PropertyEU Archive
Union Investment buys mall for new retail fund
German investor Union Investment has acquired Förde Park shopping centre in the German town of Flensburg. The investment volume was not disclosed.
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PropertyEU Archive
Tishman Speyer buys office developments in Paris
US-based investor Tishman Speyer acquired two speculative office developments in Paris before the Christmas break. The investment volumes for 'Strato' (12,200 m2) and 'Rezo' (15,800 m2) were not disclosed.
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PropertyEU Archive
Heitman completes four European deals in December
International real estate company Heitman completed four investments in Europe during December. The firm made two acquisitions in Hungary and one in Slovakia during the last two weeks of 2011 on behalf of its EUR 505 mln value-add fund, Heitman European Property Partners IV (HEPP IV).
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PropertyEU Archive
MAGAZINE: New refinancing culture emerges
The European real estate landscape has experienced a number of major tremors this past year as a growing number of US heavyweights set foot on this side of the Atlantic.
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PropertyEU Archive
ECE founder Werner Otto passes away at 102
Werner Otto, founder of the mail-order company Otto and the shopping center development company ECE, has died. He passed away on 21 December at the age of 102 in the presence of his family in Berlin.
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PropertyEU Archive
Gecina sells EUR 209m of offices, secures new credit
French listed office REIT Gecina closed roughly EUR 209 mln worth of sales in December, reflecting a net exit cap rate of 5.5%.
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PropertyEU Archive
Canary Wharf secures EUR 230m loan for new project
Canary Wharf has secured a £190 mln (EUR 227 mln) development and investment loan facility for the construction of a major office scheme at 25 Churchill Place in the London business district.
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PropertyEU Archive
Bank club grants EUR 230m loan for data centre
A bank consortium has provided around EUR 230 mln of debt to the German data centre specialist E-shelter for the construction of a new centre in Germany. The members of the financing club are Italian lender Unicredit and German banks Bayerische Landesbank, and pbb Deutsche Pfandbriefbank
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PropertyEU Archive
Amplion fund buys Finnish retail portfolio for EUR 28m
ARIF I, a retail-focused fund managed by Amplion Asset Management, has acquired a eight retail properties in Finland from Varma Mutual Pension Insurance Company for nearly EUR 28 mln.
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PropertyEU Archive
Carrefour offloads 97 supermarkets for EUR 365m
French supermarket giant Carrefour has divested a portfolio of 97 supermarkets in France as part of its strategy to raise capital to fund new development projects.
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PropertyEU Archive
Beni Stabili buys Ducale mall for EUR 40m
Listed office-focused investor Beni Stabili Siiq has closed the acquisition of Il Ducale shopping centre in Vigevano, near the Italian city of Pavia. The investment volume of EUR 40 mln, including debt of EUR 12 mln, reflects a gross yield of 7%.
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PropertyEU Archive
Inditex founder acquires Madrid tower for EUR 400m
Pontegadea Inmobiliaria, the property firm owned by Spain's richest man Amancio Ortega, has acquired the Torre Picasso skyscraper in Madrid for EUR 400 mln. The 157-metre tower - the tallest building in the Spanish capital from 1988 to 2007 - was sold in late December by Fomento de Construcciones y ...
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PropertyEU Archive
IVG Funds add to Warsaw office portfolio
Germany's IVG completed the purchase in December of the Mlodziejowski Palace historic building in Warsaw for over EUR 22 mln. The vendor is a company managed by Mermaid Properties.
