All Real Assets articles in Web Issue – Page 807
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PropertyEU Archive
Investors urged to cast net wider in CEE
Cross-border investors should consider opportunities in other markets in Central and Eastern Europe rather than focus exclusively on Poland and the Czech Republic, according to Andreas Ridder, chairman for CBRE in the CEE region.
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PropertyEU Archive
Colliers International UK unit has 'a skip in its step'
Colliers International UK unit has 'a skip in its step' following the acquisition by Toronto-based FirstService Corporation, the company’s CEO Tony Horrell told PropertyEU.
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PropertyEU Archive
Hines disposes of mixed-use scheme in Stuttgart
Germany's state-owned Baden-Württemberg-Stiftung foundation has acquired the Postquartier mixed-use development project in Stuttgart from US developer-investor Hines. According to a news report in Immobilienbrief Stuttgart, the deal price is between EUR 130 and 140 mln.
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PropertyEU Archive
Multi targets mid-sized towns in Germany
Multi Development is targeting more mid-sized cities in Germany for new retail projects, Herman Kok, international research director, told journalists at the opening of the company's new Arneken Galerie in Hildesheim on Thursday. The company already has five projects under development in the largest market in Continental Europe and is ...
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PropertyEU Archive
France's Cegereal leases 17,000 m[sup]2[/sup] in Boulogne
French office REIT Cegereal has signed three new leases representing 17,300 m[sup]2[/sup] of office space in Arcs de Seine, Boulogne, France.
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PropertyEU Archive
Hercules JV signs EUR 180m refinancing
The Gibraltar Limited Partnership, a 50-50 joint venture between the Hercules Unit Trust and the Crown Estate, has agreed a new £150 mln (EUR 180 mln) five year loan facility with Deutsche Pfandbriefbank and Helaba Landesbank Hessen-Thüringen Girozentrale.
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PropertyEU Archive
JP Morgan arranged finance for EUR 425m Philips deal
Investment bank JP Morgan arranged the finance for the EUR 425 mln deal involving the sale of electronic group Phlips' High Tech Campus in Eindhoven to a private investor consortium, PropertyEU has learned.
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PropertyEU Archive
Catalan government seals EUR 52m sale in Barcelona
The Catalan government has clinched a EUR 52 mln sale-and-leaseback deal for its Territory and Sustainability department headquarters in Barcelona.
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PropertyEU Archive
De Vreede joins Prologis as new Europe finance boss
Global industrial real estate group Prologis has announced the appointment of Dennis de Vreede as senior vice president and European finance director.
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PropertyEU Archive
IVG sells in Brussels to Korean family office
IVG Institutional Funds has confirmed the sale of the Avenue des Arts 53 building located in the Leopold District to a Korean family office, NXMH. The sale represents one of the first institutional office deals in Brussels for 2012, the company said. The deal price amounted to EUR 16 mln.
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PropertyEU Archive
PPHE buys remaining stake in Dutch hotel portfolio
PPHE Hotel Group has agreed to acquire the remaining 50% interests in three hotels in Amsterdam and one in Utrecht from a subsidiary of Elbit Imaging Limited for a total of EUR 26.5 mln.
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PropertyEU Archive
Property landlords need to heed wider social impact: Corio
Property landlords need to pay more attention to the social and environmental repercussions of the products they develop, according to Lara Muller, head of Corporate Social Responsibility at Dutch listed retail specialist Corio. ‘The social component is growing in importance and the challenge is to show what value a building ...
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PropertyEU Archive
Mezz funds need to curb return demands in the Nordics
New mezzanine finance funds targeting the Nordics to take advantage of tight bank financing may find their return expectations make them too expensive, panellists told PropertyEU's Investment Briefing on the Nordic markets in London last week.
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PropertyEU Archive
US listed market points way for specialist real estate
Institutional investors can play a key role in bringing new niche real estate markets such as senior housing, healthcare and education to maturity, according to Maarten Vermeulen, Director Europe at Composition Capital Partners. Strong demographic trends in the healthcare and student housing markets made these segments particularly attractive, he noted.
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PropertyEU Archive
Skanska reveals growth plan in Poland
Swedish construction and property group Skanska has unveiled a 116,000 m[sup]2[/sup] development pipeline in Poland as part of an 'anti-cycle strategy'.
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PropertyEU Archive
Union sells German mall to LaSalle IM for EUR 104m
Union Investment has sold the Luisencenter shopping centre in Darmstadt, Germany to LaSalle Investment Management for around EUR 104 mln.
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PropertyEU Archive
Michelin sells Paris HQ for EUR 110m
Tire manufacturer Michelin has sold its historic headquarters at 46 Avenue de Breteuil in Paris’ 7th arrondissement to French insurer Covéa for EUR 110 mln, reflecting a capital gain of nearly EUR 100 mln.
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PropertyEU Archive
UK shopping centre pipeline is lowest since 1960s: C&W
Shopping centre development in the UK has slowed to a crawl with the total 2012 pipeline forecast to be just 31,500 m2, the lowest annual figure since the early 1960s, according to Cushman & Wakefield.
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PropertyEU Archive
Prologis sells Polish and German portfolios for EUR 210m
Global industrial property owner and developer Prologis has announced the sale of $280 mln (EUR 210 mln) of assets in Poland and Germany, bringing its first-quarter disposal total in Europe to $605 mln.
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PropertyEU Archive
Valad offers Uni-Invest bondholders alternative to TPG/Patron bid
Valad Europe is offering an alternative to Opera Uni-Invest CMBS bondholders which are due to vote on 17 April in Amsterdam on a solution for the distressed Dutch portfolio. Uni-Invest, the owner of the Dutch portfolio underpinning the EUR 750 mln facility, defaulted on the bond’s maturity deadline in mid-February.
