All Real Assets articles in Web Issue – Page 774
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PropertyEU Archive
WP Carey & Co. founder and chairman dies in Florida
W. P. Carey & Co has announced that its founder and chairman William Polk Carey died at the age of 81 at Good Samaritan Medical Center in West Palm Beach, Florida.
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PropertyEU Archive
Pbb grants EUR 33m loan for UK mall deal
pbb Deutsche Pfandbriefbank has granted a £27.4 mln (EUR 32.8 mln) facility to AG Core Plus Realty Fund III and Quidnet Capital Partners for the acquisition of a shopping centre in London.
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PropertyEU Archive
LGP acquires BT Gatwick office for EUR 47m
Legal & General Property (LGP) has acquired 1 City Place in Gatwick from RREEF for £39 mln (EUR 47.1 mln). After surrendering BT's lease on the property, LGP has also agreed a new 20-year lease with Nestlé UK.
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PropertyEU Archive
Spanish banks face extra haircut of EUR 50b - report
Spanish banks need to set aside further provisions totalling some EUR 50 bn on property assets hit by the collapse of the housing bubble and the subsequent European economic crisis, according to economy minister Luis de Guindos. In an article in The Financial Times, De Guindos said it was vital ...
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PropertyEU Archive
Aberdeen strengthens multi-manager team
Aberdeen Asset Management has appointed Sonja Tilly as an analyst within its multi-manager team. Tilly's responsibilities will include assisting in managing the team's range of pooled funds, specifically focusing on fixed-income funds. She will report to Graham Duce, co-head Multi Manager Funds at Aberdeen.
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PropertyEU Archive
C&W recruits ex-DTZ director to head Italian office agency
London-based advisor Cushman & Wakefield has appointed Peter Leyburn as a partner and head of its office agency team in Italy. Leyburn moves to Cushman & Wakefield after nine years at DTZ where he was most recently a senior director and head of DTZ’s CEMEA Office Agency team and member ...
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PropertyEU Archive
Deka buys Leipzig properties from JP Morgan AM
Germany's open-ended real estate fund manager Deka has acquired Speck’s Hof & HansaHaus in Leipzig from JP Morgan Asset Management. No financial details were disclosed.
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PropertyEU Archive
Hakala appointed MD of Catella Property Finland
Erkki Hakala has been appointed managing director of Catella Property Finland as of 1 January 2012. Hakala joined Catella in 1999 and was Catella Finland’s deputy managing director.
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PropertyEU Archive
Savills buys London firm Gresham Down Capital Partners
London-based advisor property Savills has announced the acquisition of Gresham Down Capital Partners, a specialist in central London investment and asset management. The company provides investment advisory and brokerage advice focusing primarily on the Central London commercial property, as well as asset management services and works with international and domestic ...
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PropertyEU Archive
HB Reavis secures loan for Prague complex
Slovak-based CEE developer HB Reavis has secured a EUR 32.9 mln bank loan for its office project River Garden Office in Prague - Karlín.
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PropertyEU Archive
IVG taps into green power
German property giant IVG has announced it will supply green power to a first tranche of around 50 properties in its portfolio. The green power consists 100% of hydroelectric and has been certified with the Green Power Label Gold.
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PropertyEU Archive
La Française REM buys 5,000-m[sup]2[/sup] office in Paris
La Française Real Estate Managers has acquired an office building in Paris for an undisclosed sum from France Telecom. The 4,690 m[sup]2[/sup] property is located on 106-108 rue de la Boétie in the 8th arrondissement of the French capital and is fully leased to five tenants.
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PropertyEU Archive
Robeco signs 16,000m[sup]2[/sup] pre-let in Rotterdam
Dutch asset management Robeco has agreed a pre-lease on 16,000 m[sup]2[/sup] of office space at First Rotterdam, an office tower project by developers MAB and Maarsen Groep in the centre of Rotterdam.
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PropertyEU Archive
Viveris REIM snaps up retail portfolio for EUR 63m
French real estate investment manager Viveris has concluded a second transaction with French retail group Casino for EUR 63 mln. Viveris' Odyssey SPPICAV investment vehicle acquired a total of 12 food stores in the latest transaction carried out at end-December 2011.
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PropertyEU Archive
Prelios funds sell in Rome and Palermo for EUR 74m
Italian real estate company Prelios has announced that two of its funds sold properties in Rome and Palermo during December for a total of EUR 74 mln. In the largest of the two deals, Tecla, a listed fund managed by Prelios' fund management arm, sold a commercial property at via ...
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PropertyEU Archive
Union acquires 'Airport Gardens' in Düsseldorf
Hamburg-based investor Union Investment Real Estate has acquired a new office building at Düsseldorf airport. The vendor of the Airport Gardens, part of the Airport City development, was Strabag Real Estate. Both sides agreed to keep the financial details confidential.
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PropertyEU Archive
Salans advises on three Heitman acquisitions
Law firm Salans has announced it advised international real estate company Heitman on three acquisitions in Hungary and the Slovak Republic. The investments, which all completed at the end of December 2011, were made on behalf of the EUR 505 mln fund Heitman European Property Partners IV (HEPP IV).
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PropertyEU Archive
Pbb provides financing for Heitman in Budapest
German property lender pbb Deutsche Pfandbriefbank has provided the Heitman European Property Partners IV fund (HEPP IV) with a EUR 60 mln facility for the acquisition of two office properties in Budapest. The acquisition was one of four transactions carried out by US-based investor Heitman in Europe during December 2011.
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PropertyEU Archive
Colliers International expands in Netherlands with Rotterdam office
Colliers International has teamed up with Rotterdam real estate advisor, BRIQ Bedrijfshuisvesting, to expand its coverage in the Netherlands. The merger brings the total number of Colliers International offices in the Netherlands to three; Amsterdam, Eindhoven and Rotterdam. BRIQ has meanwhile been rebranded to Colliers International.
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PropertyEU Archive
Union Investment plans re-investment drive in France
Hamburg-based fund manager Union Investment Real Estate is planning new acquisitions in the French market during 2012 and early 2013 to re-invest the proceeds from EUR 450 mln in net sales there over 2011.
