All Real Assets articles in Web Issue – Page 779
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PropertyEU Archive
Tishman Speyer snaps up London scheme for EUR 205m
US investor Tishman Speyer has acquired London's Eland House from UK REIT Land Securities for £171 mln (EUR 205 mln), reflecting a cap rate of 7.21%.
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PropertyEU Archive
German office take-up hits 3-year high
The five major German office markets of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich ended 2011 on a three-year high in terms of take-up according to international real estate advisor Savills.
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PropertyEU Archive
Icade, Altarea sell Lyon office project for EUR 42m
A joint venture of French real estate investment trusts Icade and Altarea Cogedim has sold a 12,400-m[sup]2[/sup] office project in Lyon's seventh district for a gross sum of EUR 42 mln. The buyer is Foncière Investissement, a subsidiary of the Crédit Mutuel Arkéa group.
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PropertyEU Archive
Gecina offloads EUR 444m of housing assets
French real estate investment trust Gecina has announced the sale of two residential portfolios for a total of EUR 444 mln.
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PropertyEU Archive
Vastned places EUR 50m bond with US investor
Amsterdam-listed retail property investor Vastned has issued a second long-term unsecured bond for a total amount of EUR 50 mln. The bond was placed with Pricoa Capital Group, a US institutional investor and issued in two equal tranches of EUR 25 mln, with maturities of seven and eight years. ...
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PropertyEU Archive
Accor divests Paris hotel to Bouygues for EUR 77m
French hotel group Accor has announced the sale of the Pullman Paris Rive Gauche hotel to Bouygues Immobilier for EUR 77 mln.
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PropertyEU Archive
Redevco pre-lets most of Alexanderplatz project
Retail property specialist Redevco has pre-let 70% of the retail and leisure space in its ALEA 101 development on Berlin’s Alexanderplatz.
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PropertyEU Archive
Cross-border investors raise market share in Europe
Commercial property investment volumes in Europe rose by a better-than-expected 17.7% in the final quarter of 2011 to EUR 36.8bn, according to Cushman & Wakefield. For the full year, investment volume totalled EUR 126.2bn, marking an increase of 7.8% on 2010. This is about 10% higher than the EUR 115 ...
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PropertyEU Archive
Lone Star scoops EUR 1.8b Bundesbank debt portfolio
US private equity firm Lone Star has bought 50% of the EUR 1.8 bn Excalibur portfolio from Germany's central bank and is in exclusivity to buy the bulk of the remaining loans, according to a report from property wire CoStar Finance. It is unclear how much Lone Star will pay ...
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PropertyEU Archive
CatalunyaCaixa raises EUR 1.3b from housing activity
Catalan savings bank CatalunyaCaixa has sold nearly 6,500 housing units in 2011, raising a total of EUR 1.3 bn. In a statement on Friday, the lender said the volume represents an increase of 35% on the year before and includes the sale of roughly 4,700 assets and the leasing of ...
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PropertyEU Archive
UK deal volume slips in 2011: CBRE
Investment in UK commercial property slipped 8% to £32.5 bn (EUR 42.1 bn) in 2011, according to new research from CBRE. This is still significantly higher than the £24.25 bn recorded in 2008 and £25.2 bn in 2009.
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PropertyEU Archive
Balder buys office in Malmö for EUR 45m
Swedish property firm Balder has acquired a property at Lilla Torg in central Malmö for SEK 400 mln (EUR 45 mln). The property has an area of ??approximately 11,000 m[sup]2[/sup] and is mostly leased to a hotel operating under the Marriott Renaissance brand.
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PropertyEU Archive
Asian investment into London office market soars
Asian investors accounted for £1.7 bn (EUR 2.03 bn) worth of transactions in Central London’s office investment market during 2011, marking a 150% increase compared to the £668 mln recorded in 2010, according to latest figures issued from Jones Lang LaSalle.
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PropertyEU Archive
Liebrecht&Wood, BBI tie up loan for Warsaw project
European property developer Liebrecht & Wood and Polish listed group BBI have been granted a EUR 105 mln loan to finance the construction of their joint office project in Warsaw.
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PropertyEU Archive
Break-up looms for Eurohypo
German lender Commerzbank is gearing up to break up Eurohypo, its real estate lending arm, putting an end to months of uncertainty regarding the future of the troubled real estate lender, according to those who track the market.
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PropertyEU Archive
Investa buys Uferstadt business park from Doughty Hanson
Germany's Investa Immobiliengruppe has acquired the Uferstadt Fürth business and science park from UK private equity firm Doughty Hanson. The companies agreed to keep financial details confidential. Financing for the deal was provided by Eurohypo.
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PropertyEU Archive
Credit Suisse fund shops in Munich, Rotterdam
Credit Suisse Real Estate Fund Global, a Swiss core property fund launched in November last year to invest in international property, has acquired two first-class commercial properties in Rotterdam and Munich for a total of CHF 79 mln (EUR 65 mln).
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PropertyEU Archive
Deutsche Pfandbrief renews EUR 105m loan in Germany
German lender Pbb Deutsche Pfandbriefbank has concluded the early renewal of a EUR 105 mln facility for Berlin-based housing company Degewo Marzahner Wohnungsgesellschaft.
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PropertyEU Archive
JLL advises on record EUR 240m Hungarian deals in 2011
Jones Lang LaSalle has said it was involved in all major office transaction in Hungary during 2011 representing more than EUR 240 million of investment. More than 42% of all investment deals closed in 2011 was transacted with the help of Jones Lang LaSalle, the property adviser added.
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PropertyEU Archive
CA Immo to invest EUR 300m in Berlin and Frankfurt
Vienna-listed real estate investor CA Immo plans to invest some EUR 300 mln in the Berlin and Frankfurt real estate markets in 2012.
