All Real Assets articles in Web Issue – Page 777
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PropertyEU Archive
Sweden's Cityhold clinches first London deal
Cityhold Property group, the European property joint venture of the First and Second Swedish National Pension Funds, has acquired an office building in Paddington, London, for £230 mln (EUR 278.3 mln) from a joint venture between Aviva Investors and Union Investment Real Estate. The transaction reflects a net initial yield ...
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PropertyEU Archive
LGP closes EUR 2b in commercial property deals during 2011
Legal & General Property completed £1.7 bn (EUR 2 bn) of direct property transactions in 2011. The UK-based insurer continues to be one of the most active investors in the UK commercial property market.
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PropertyEU Archive
Uffi Ream completes EUR 30m hat-trick of purchases in France
French investment manager Uffi Ream has announced three acquisitions in France on behalf of its SCPI investment funds.
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PropertyEU Archive
Beni Stabili in running for Unicredit's EUR 500m fund mandate
Beni Stabili Gestioni, the fund management arm of Italian listed property group Beni Stabili, is believed to be in the running for a mandate to manage part of Unicredit's private pension fund's real estate portfolio.
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PropertyEU Archive
Unipol snaps up Italian mall for EUR 92m
Italian insurance group Unipol has bought the Puntadiferro shopping centre in Forli, Northern Italy, from local developer Coopsette for EUR 92 mln.
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PropertyEU Archive
Warburg-Henderson sells EUR 95m London office
Warburg - Henderson KAG has disposed of an office building at 3 Bunhill Row in the City of London for £80 mln (EUR 95 mln), reflecting a gross initial yield of 5.5%.
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PropertyEU Archive
Asian money targets London offices
Sovereign wealth funds from Asia may have led the push into the London office market in 2011 but a diverse range of Asian investors is gearing up to gain a foothold there this year. 'High-net-worth individuals and families from Malaysia and Indonesia are also looking for exposure to London offices,´ ...
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PropertyEU Archive
AXA RE begins construction of Sixty London office scheme
AXA Real Estate Investment Managers has appointed Balfour Beatty as the principal contractor for the final construction phase of Sixty London, a speculative prime office development in London.
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PropertyEU Archive
La Française REM shops in Lyon, Boulogne
La Française REM has made two office investments totalling some EUR 65 mln. In Boulogne-Billancourt, near Paris, the fund manager has purchased an office scheme at 86/88 rue du Dôme on behalf of its SCPI Selectinvest 1 fund from a pan-European German spezialfonds managed by Invesco Real Estate.
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PropertyEU Archive
Multi teams up with Sogam on regeneration project in Paris
Multi Corporation has formed a joint venture with Sogam, the Paris-based subsidiary of French construction company Vinci for inner-city development projects in France.
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PropertyEU Archive
Plaza Centers to reinvest funds from US sale in CEE
London and Warsaw listed developer Plaza Centers made a profit of around $240 mln (EUR 189 mln) on the sale of a portfolio of 47 US-based shopping centres earlier last week, Ran Shtarkman, CEO of Plaza Centers, told PropertyEU.
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PropertyEU Archive
AEW creates EUR 1b logistics platform via merger
AEW Europe has merged three existing logistics funds to create a EUR 1 bn pan-European logistics platform. The investment manager claims the new fund, named Logistis, is one of the largest logistics investment platforms in Europe.
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PropertyEU Archive
Goldman, Cerberus raise EUR 175m in GSW exit
US bank Goldman Sachs and private equity firm Cerberus have raised EUR 175 mln by selling their remaining 19.8% stake in German listed residential property group GSW Immobilien. Goldman Sachs and Cerberus were the two largest shareholders in GSW.
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PropertyEU Archive
Foncière Massena buys Paris office for EUR 22m
Cushman & Wakefield Investors has sold a property in Paris to French REIT Foncière Massena for EUR 22 mln on behalf of a Danish pension fund.
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PropertyEU Archive
LGP acquires Stevenage leisure park for EUR 48m
Legal & General Property has signed a deal with Aviva Life & Pensions UK to buy Stevenage leisure park in the UK. The investment volume of £40 mln (EUR 48 mln) reflects a net initial yield of 6.5%.
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PropertyEU Archive
Union snaps up Sophienhof mall in Kiel for 6.5%
Union Investment Real Estate has bought the Sophienhof shopping centre in Kiel, Northern Germany, from Aberdeen Asset Management's frozen Degi Europa open-ended fund.
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PropertyEU Archive
Cegereal transfers EUR 900m portfolio to new unit
Cegereal is not being taken private as suggested in a headline in PropertyDay on Tuesday. As announced earlier, the French office REIT is transferring the company's entire portfolio to Prothin, a new wholly-owned subsidiary, following approval by its shareholders in late December.
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PropertyEU Archive
Deka adds office scheme in Edinburgh to string of deals
Deka Immobilien has completed the latest in a string of property transactions this month with the purchase of the Edinburgh One office scheme for around EUR 28 mln.
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PropertyEU Archive
IVG fund invests in Allianz Munich scheme
IVG Immobilien's private fund business has launched a new closed-end real estate fund which will invest in a 131,000-m[sup]2[/sup] office and data centre fully leased to German insurance giant Allianz.
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PropertyEU Archive
CBRE picked to sell News International's Wapping HQ
News International, a subsidiary of the multinational media conglomerate News Corporation, has appointed CBRE to sell its 60,000-m[sup]2[/sup] site at Wapping in the London borough of Tower Hamlets.
