All Real Assets articles in Web Issue – Page 778
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PropertyEU Archive
Patrizia seals EUR 140m German resi purchase
Patrizia Immobilien has acquired 986 apartments and three commercial units in Germany on behalf of a residential fund for EUR 140 mln. The listed German real estate company said its WohnModul I fund was joined in the acquisition by an unnamed German pension fund.
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PropertyEU Archive
Deal volume rises 4% in 2011 as investors flock to French property in Q4
Commercial real estate investment turnover in Europe rose 4% in 2011 to EUR 115 bn, according to the latest research from CBRE. The full-year figure was boosted by a strong finish in the fourth quarter of 2011 with investment activity rising 15% compared with the previous quarter to EUR 32bn.
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PropertyEU Archive
Corestate buys Berlin apartments in EUR 230m deal
Corestate Group has acquired a portfolio of 3,000 apartments in Berlin and an office building in Stuttgart for a total of EUR 230 mln. The Swiss private equity real estate investor said the transaction involved a complicated debt structure with multiple lenders.
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PropertyEU Archive
Bolt to manage Blackrock fund's EUR 360m UK portfolio
Blackrock UK Property Fund (BUKPF) has appointed Bolt Partners, a strategic and financial adviser in the healthcare sector, to manage a portfolio of more than 150 general practitioner surgeries across England, Wales and Scotland.
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PropertyEU Archive
Norwegian insurer acquires new HQ for EUR 624m
DnB Liv, the life insurance arm of Norway's largest bank, is acquiring its parent company's new headquarters in Oslo for NOK 4.8 bn (EUR 624 mln). The life insurance unit is partnered in the acquisition by DnB Scandinavian Property Fund.
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PropertyEU Archive
DIC Asset acquires office property at Frankfurt Airport
German listed office investor DIC Asset has acquired an office property at Frankfurt Airport from an unnamed vendor for EUR 22 mln. The deal was signed in December 2011.
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PropertyEU Archive
Feri rates most property markets in Europe as fairly valued
European commercial real estate markets present a stable picture to investors at the moment, according to European rating agency Feri. 'The rental yield and the fair value yields identified by us are relatively close together in most European prime office markets,' said Manfred Binsfeld, head of Real Estate Research at ...
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PropertyEU Archive
PropertyEU recruits new team to launch Events unit
PropertyEU is launching a series of Expert Investment Briefings to provide a meeting point for senior real estate leaders across Europe. The first event focussing on real estate investment opportunities in the German market will be held on 23 February in Amsterdam. Subsequent meetings will be held in London, Frankfurt, ...
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PropertyEU Archive
Metro suspends Kaufhof sale talks
German retail group Metro has halted attempts to sell its department store subsidiary, Galeria Kaufhof. Metro said it had suspended talks with interested parties because of worsening conditions on the financial markets.
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PropertyEU Archive
IVG eyes investment volume of around EUR 1.5b in 2012
German listed real estate group IVG reported its transaction volume in 2011 more than tripled year-on-year with around 130 individual deals throughout Europe and a total volume of EUR 2.25 bn. The figure includes transactions on behalf of the listed arm of the business and IVG Funds, the manager of ...
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PropertyEU Archive
CBRE GI buys mall in France for EUR 68m
CBRE Global Investors has acquired a shopping centre in France on behalf of its European Shopping Centre Fund for EUR 68 mln. The vendor was Paris-listed shopping centre company Klépierre.
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PropertyEU Archive
Real IS acquires HQ building in Munich
German fund manager Real IS has acquired a 9,000 m[sup]2[/sup] office building in Munich for an undisclosed sum. The property on Denninger Strasse is the corporate headquarters of specialist door maker Schörghuber.
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PropertyEU Archive
UK property heads told to buy back shares to lower gearing
Property companies and listed REITs in particular should cut their gearing and buy back their stock, according to John Lutzius, Managing Director of Green Street Advisors. Speaking at the annual EPRA and Nabarro Insight event in London on Tuesday, Lutzius fuelled the debate by concluding that leverage across the ...
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PropertyEU Archive
Colliers names hotel investment director in the Netherlands
International real estate broker Colliers has announced the appointment of Jules van Gaalen as director of hotel investment in the Netherlands.
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PropertyEU Archive
Property veterans launch database for non-listed real estate funds
Two property veterans have launched an online database with information about 2,000 non-listed real estate funds globally. Developed by Colin Barber, founder of Propex, and Gary McNamara former Head of Derivatives at DTZ, Indirex.com will initially target the UK market but the partners plan to expand the information source into ...
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PropertyEU Archive
NSI leases out Red Elephant
Amsterdam-listed real estate company NSI has leased out the Rode Olifant (Red Elephant), an office building in The Hague that had become synonymous with high vacancy rates in the Netherlands and which has been vacant for almost three years.
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PropertyEU Archive
Trigranit secures funding for largest Polish project
CEE property developer Trigranit has secured bank financing for its largest project in Poland - an integrated transport and retail center in the city of Poznan. The development is valued at EUR 250 mln when tenant investment is included.
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PropertyEU Archive
Gecina pre-lets Neuilly-sur-Seine project
French office-focused group Gecina has pre-let its entire Neuilly-sur-Seine development, securing additional rents of EUR 5.6 mln per year.
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PropertyEU Archive
Vailog starts development of 60,000-m[sup]2[/sup] logistics platform
Vailog, an Italian logistics real estate investor-developer, said this week it has started construction of a new 60,000-m[sup]2[/sup] logistics facility in Lyon, Northern France.
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PropertyEU Archive
Savills sees German deal volume holding firm in 2012
Transaction volumes for Germany’s commercial real estate market will exceed EUR 20 bn in 2012 with continued strong demand from both domestic and foreign investors, according to real estate adviser Savills. Last year, approximately EUR 22.6bn changed hands in the country, marking a 20% increase on 2010.
