All Real Assets articles in Web Issue – Page 806
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PropertyEU Archive
JLL wins mandate to manage AXA portfolio in Slovakia
Property adviser Jones Lang LaSalle (JLL) has won a mandate to manage a portfolio comprising four logistics properties in Slovakia on behalf of AXA Real Estate.
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PropertyEU Archive
Invesco buys Eindhoven Holiday Inn for hotel fund
Global investment manager Invesco Real Estate (IRE), has bought the Holiday Inn in the Dutch city of Eindhoven for EUR 22.5 mln in a sale-and-leaseback deal with Hampshire Hospitality.
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PropertyEU Archive
Invesco RE snaps up London office for German fund
Global investment manager Invesco Real Estate (IRE) has acquired a GBP 124 mln (EUR 144 mln) mixed-use complex in the City of London on behalf of a fund owned by Germany’s largest public pension fund Bayerische Versorgungskammer (BVK). The property at 107 Cheapside was acquired on behalf of the iii-BVK ...
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PropertyEU Archive
Ghelamco readies office sales in Warsaw
Ghelamco Poland, one of the largest property developers in Central and Eastern Europe, is gearing up to sell two of its office projects in Warsaw. Ghelamco Poland managing director Jeroen van der Toolen told PropertyEU that the Senator and Mokotow Nova schemes are being commercialised and are ready for sale.
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PropertyEU Archive
Patrizia targets AUM of EUR 10b by 2015
Listed German property company Patrizia Immobilien aims to increase its assets under management to over EUR 10 bn by 2015, after coming close to the EUR 7 bn mark earlier this year following the EUR 1.4 bn residential deal with German bank LBBW.
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PropertyEU Archive
IVG eyes turnaround after EUR 126m loss in 2011
Listed German property firm IVG Immobilien on Wednesday reported a net loss of EUR 126 mln for the financial year 2011, following a number of significant impairment write-downs and major acquisitions.
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PropertyEU Archive
Canada's FirstService acquires Colliers UK
Colliers International UK will in future operate as a wholly owned subsidiary of Canada's FirstService Corporation, the company announced on Wednesday. In addition, FirstService will assume the UK ownership interests in Ireland and Spain. FirstService now owns almost 90% of Colliers International by revenue globally.
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PropertyEU Archive
Tristan and AEW snap up Leipzig complex
London-based investment manager Tristan Capital Partners has teamed up with AEW Europe and German investment manager Caleus to acquire the 26,500 m[sup]2[/sup] ‘Forum am Bruhl’ office complex in Leipzig. The property was bought from RREEF. Financial details were not disclosed.
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PropertyEU Archive
Polish market maintains investor appeal: IVG
New research from German property company IVG shows that Poland remains highly favoured among international investors and is set to increasingly outperform its Central European neighbours.
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PropertyEU Archive
Arneken Galerie in Hildesheim opens to the public
Multi Development opened the Arneken Galerie shopping centre in the northern German city of Hildesheim on Thursday, just a week after inaugurating the Forum Nova Karolina mall in the Czech city of Ostrava.
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PropertyEU Archive
CBRE to market Malmo's Turning Torso tower
Property advisor CBRE has been appointed to manage the sale of Europe's second-tallest residential building, the Turning Torso in the Swedish city of Malmo.
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PropertyEU Archive
Peter Denton to chair real estate finance council
Peter Denton has been named chair-elect of the CRE Finance Council Europe, a trade association dedicated to promoting the strength and liquidity of commercial real estate finance in Europe. Denton will begin his term as chair-elect immediately before taking up the position of chairman for a two-year term from November ...
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PropertyEU Archive
Office take-up slips as confidence declines: JLL
Office take-up across Europe fell by 2% to around 2.9 million m[sup]2[/sup] in the final quarter of 2011, according to a new report by Jones Lang LaSalle. The figure marked a decline of 9% on the year-earlier period, the adviser said, due to subsiding corporate confidence and increasing uncertainty during ...
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PropertyEU Archive
RREEF snaps up London's Park House for EUR 180m
RREEF Real Estate, the real estate investment management business of Deutsche Bank's Asset Management division, said on Thursday that it has acquired Park House at Finsbury Circus in London on behalf of one of its German open-ended funds, Grundbesitz Europa, for £150 mln (EUR 180 mln). The seller is investment ...
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PropertyEU Archive
German index posts record returns in 2011: IPD
The total return before tax and financing for all German properties reached a record level of 5.5% in 2011, according to the latest research from the Investment Property Databank.
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PropertyEU Archive
Land Secs divests London mixed-use scheme for EUR 280m
UK REIT Land Securities has exchanged contracts to sell its Arundel Great Court mixed-use development site overlooking the Thames for a headline price of £234 mln (EUR 280 mln). The buyer is Waterway PCP Properties, a Dubai-based private equity group fronted by Amanda Staveley.
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PropertyEU Archive
Philips confirms sale of High Tech Campus for EUR 425m
Dutch electronics group Philips has sold its High Tech Campus in the city of Eindhoven to a consortium led by private investor Marcel Boekhoorn for EUR 425 mln, the two parties confirmed on Thursday. The deal is the biggest single-asset property transaction ever to be closed in the Netherlands.
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PropertyEU Archive
HSH places EUR 500m mortgage bond
HSH Nordbank has placed a benchmark five-year mortgage pfandbrief to the tune of EUR 500 mln and bearing a coupon of 1.875%.
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PropertyEU Archive
Eurohypo set to be wound down following EU agreement
Commerzbank, Germany’s second-largest bank by assets, is expected to wind down rather than sell its troubled property lending arm Eurohypo following an agreement with the European Commission.
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PropertyEU Archive
Assura names British Land finance boss as CEO
UK's primary healthcare property company Assura has appointed Graham Roberts as its new chief executive officer. Roberts joins from UK REIT British Land where he has held the post of finance director for the past 10 years, overseeing £21 bn of investment and development transactions.
