All Real Assets articles in Web Issue – Page 776
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PropertyEU Archive
Tour Eiffel leases 11,000 m[sup]2[/sup] in Vélizy tower
French REIT Société de la Tour Eiffel has completed the leasing of its latest development project - the Topaz tower in Vélizy, near Paris.
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PropertyEU Archive
RREEF completes EUR 1.9b of deals in 2011
RREEF Real Estate, the real estate investment management business of Deutsche Asset Management, announced it completed over EUR 1.9 bn of transactions across the globe in 2011 on behalf of its German clients.
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PropertyEU Archive
CEE property investment tops EUR 6b in 2011
Real estate investment activity in Poland, the Czech Republic, Slovakia, Hungary and Romania more than doubled in 2011 to EUR 6.1 bn from EUR 2.9 bn the previous year, according to global property adviser Cushman & Wakefield.
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PropertyEU Archive
JLL sees 2012 deal volume matching 2011
International property adviser Jones Lang LaSalle expects global investment into commercial real estate in 2012 will match last year's volume which totalled US$400 bn (EUR 315 bn).
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PropertyEU Archive
Beni Stabili fund buys office scheme for EUR 42m
Italian REIT Beni Stabili has announced that its closed-end real estate investment fund Melograno has completed the acquisition of a property in Milan for EUR 42 mln. The vendor was not disclosed.
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PropertyEU Archive
Plaza sells 47 US malls to Blackstone JV
Retail property developer Plaza Centers is selling 47 of its 49 shopping malls in the US for US$1.42 bn (EUR 1.12 bn). The buyer is BRE DDR Retail Holdings, a joint venture between a real estate fund managed by US private equity giant Blackstone and Ohio-based shopping centre group DDR ...
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PropertyEU Archive
C&W poaches DTZ director to head Italian office agency
Cushman & Wakefield has appointed Peter Leyburn as a partner and head of its Italian office agency.
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PropertyEU Archive
Savills expands German business with Cologne office
International real estate adviser Savills has opened a new office in Cologne with a five-strong team recruited from BNP Paribas Real Estate as part of a wider growth strategy in Germany.
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PropertyEU Archive
Deutsche Pfandbriefbank finances Spanish retail parks
German lender pbb Deutsche Pfandbriefbank has provided a EUR 61 mln loan for two Spanish retail and leisure parks owned by subsidiaries of the Pillar Retail Europark Fund (PREF). The fund is managed by BL European Fund Management and is part-owned by UK REIT British Land.
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PropertyEU Archive
Union raises EUR 1b for new institutional funds
Union Investment has obtained binding capital commitments from institutional investors totalling some EUR 1 bn for new, diversified real estate funds in the past six months.
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PropertyEU Archive
Corio sells Metz property for EUR 30m
Dutch listed investment group Corio has divested a 9,500-m[sup]2[/sup] retail complex in central Metz, in the northeast of France, to privately-held UK group Grosvenor for around EUR 30 mln. The sale represents a net initial yield of 5.5%.
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PropertyEU Archive
Moor Park sells 40 Banco Sabadell branches for EUR 34m
ISC Freshwater Investment, an investor group advised by Moor Park Capital Partners, has sold a portfolio of 40 Banco Sabadell branches for nearly EUR 34 mln.
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PropertyEU Archive
Austria's CA Immo delivers EUR 450m Frankfurt tower
Austrian listed property firm CA Immo has delivered its landmark office tower in Frankfurt's Europaviertel district. In a statement this week, the Vienna-based group said Tower 185 was completed 'on time and within budget', representing an investment of some EUR 450 mln.
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PropertyEU Archive
MetLife provides new £85m loan to West End office fund
Schroder Property's Welput fund has secured a new £85 mln (EUR 102 mln) credit facility from US insurance company Metlife. The West End of London Property Unit Trust (Welput), which is managed by Schroder and advised by Grafton Advisors, was granted a six-year loan with a fixed rate of 3.64% ...
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PropertyEU Archive
Henderson raises further EUR 90m for German retail fund
UK asset manager Henderson Global Investors has raised EUR 90 mln following the second closing of its Henderson German Retail Income Fund (HGRIF).
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PropertyEU Archive
Malaysian fund closes in on Kanam assets in London
A Malaysian government vehicle is poised to acquire three office assets in London from German open-ended fund manager Kanam for about £750 mln (EUR 895 mln).
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PropertyEU Archive
RICS revises best practices for due diligence to reduce investor risk
The Royal Institution of Chartered Surveyors (RICS) has released a new best practice and guidance note for technical due diligence aimed at increasing transparency and reducing investor risk.
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PropertyEU Archive
UBS bids for full control of French REIT Docks Lyonnais
The wealth management division of Swiss bank UBS has launched a takeover offer for the 6% stake in French REIT Les Docks Lyonnais that it does not already own.
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PropertyEU Archive
Union forward funds Boulogne spec office project
Union Investment Real Estate has returned to the French office property market for the first time in over two years with the EUR 128 mln acquisition of a speculative project in Boulogne-Billancourt, near Paris.
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PropertyEU Archive
Deka offloads retail building in Vienna, buys in Nuremberg
Deka Immobilien has sold a retail property on Vienna's main shopping street to Warburg-Henderson KAG's Austian Fund II. The financial details were not disclosed.
