All Real Assets articles in Web Issue – Page 808
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PropertyEU Archive
Deka snaps up landmark tower in Amsterdam
Germany's Deka Immobilien has bought the Rock office tower in Amsterdam's Zuidas business district from Evans Randall. Financial details were not disclosed.
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PropertyEU Archive
Commerbank gets EU approval to wind down Eurohypo
German state-backed lender Commerzbank won European Union approval on Friday to wind down its real estate lending arm, Eurohypo. No deadline for the dismantling of Eurohypo has been set, a Commerzbank spokesman told PropertyEU.
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PropertyEU Archive
Robert Noel assumes CEO role at Land Secs
Land Securities confirmed on Monday that Robert Noel has now assumed the role of Group Chief Executive, taking over from Francis Salway who was Chief Executive for seven years and who left the business on 31 March 2012.
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PropertyEU Archive
Cofinimmo names Jean-Edouard Carbonnelle as new CEO
Belgian REIT Cofinimmo has appointed Jean-Edouard Carbonnelle as new Chief Executive following the departure last week of Serge Fautré.
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PropertyEU Archive
DTZ's Timo Tschammler moves to JLL Germany
Timo Tschammler, country manager at DTZ Germany, is moving to Jones Lang LaSalle’s German unit from 1 October, Jones Lang LaSalle announced in a press release. In his new position as managing director, Tschammler will also join JLL’s German management board with responsibility for office and industrial investment and leasing.
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PropertyEU Archive
Henderson launches Swedish investment platform
Henderson Global Investors has hired Johan Åström in Sweden to drive forward its Nordic business growth. Åström, who will be based in Henderson's new Stockholm office, will assume the role of head of Property Sweden, reporting to David Turner, director of Property, based in Henderson’s London office.
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PropertyEU Archive
Valad completes EUR 1.1b debt refinancing of Duke
Valad, the European multi-let real estate investment manager, has completed a EUR 1.1 bn (£950 million) refinancing of DUKE, its real estate joint venture with Lloyds Banking Group. This extends the term of the debt facilities to December 2016.
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PropertyEU Archive
Quintain's IQ fund agrees EUR 190m refinancing
Quintain, the London regeneration specialist and fund manager, has finalised a £158 mln (EUR 190 mln) refinancing of the iQ fund, one of the UK's largest student accommodation providers. iQ is a 50-50 joint venture between Quintain and the Wellcome Trust.
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PropertyEU Archive
GPR 250 Europe books 4.7% return in March
European listed real estate stocks - as represented by the GPR 250 Europe Index - finished March 4.7% higher with only the country indices of Sweden and Poland recording losses. Sweden booked a return of -1.3% while Poland slid 23.5%.
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PropertyEU Archive
PNB pulls out of EUR 323m London office deal
Malaysian fund Permodalan Nasional Berhad (PNB) has pulled the plug at the last minute on the acquisition of the Woolgate Exchange office property in the City of London. It is not clear why the deal did not go ahead at the negotiated price of about £270 mln (EUR 323 mln), ...
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PropertyEU Archive
Bouwfonds buys Dutch resi portfolio for EUR 51m
Bouwfonds European Residential Fund has acquired a portfolio of residential assets in the Dutch cities of Rotterdam and Leiden for EUR 51 mln. The vendor was Dutch residential property owner and developer Vesteda.
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PropertyEU Archive
NAI Global announces partnership in Denmark
NAI Global has announced a partnership with Lintrup & Norgart to service corporate and investment clients in Denmark. The firm will now operate as NAI Lintrup & Norgart.
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PropertyEU Archive
Ivanhoé Cambridge bags Peugeot Citroën's Paris HQ
Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec, has entered into an agreement to acquire the historical head office of car manufacturer PSA Peugeot Citroën in Paris for EUR 245 mln.
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PropertyEU Archive
CBRE Global Investors strengthens transaction team
CBRE Global Investors has appointed Ulrich Oppermann as head of Transactions for CBRE Global Investors Germany.
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PropertyEU Archive
Lasse van Waegeningh joins Hogan Lovells
International law firm Hogan Lovells has recruited real estate expert Lasse van Waegeningh for its Amsterdam office. Van Waegeningh will be a member of Hogan Lovells' international Real Estate Group, focusing on real estate transactions, litigation and structuring advice for commercial real estate clients.
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PropertyEU Archive
Deka snaps up Guardian HQ in London for EUR 283m
German open-ended fund manager Deka Immobilien has closed another high-profile acquisition this week with the purchase of Kings Place in London’s King Cross from Parabola Land in an off-market transaction worth £235 mln (EUR 283 mln). The property is earmarked for Deka's open ended fund WestInvest InterSelect.
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PropertyEU Archive
Multi Development opens EUR 390m Boulevard Berlin
Multi Development's German office has announced the opening to the public of Boulevard Berlin, one of the largest inner-city retail centres in Germany, with a rental space of 76,000 m2, about 160 rental units for retail stores, services and dining concepts and a fitness centre.
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PropertyEU Archive
France's Gecina places EUR 650m bond
French office giant Gecina has announced the placement of a EUR 650 mln bond as it continues to diversify its financial resources.
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PropertyEU Archive
Wereldhave unveils EUR 90m revamp of Finnish mall
Wereldhave's Finnish office has commenced a EUR 90 mln project to renovate Itäkeskus, Finland's largest shopping centre first opened in 1984.
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PropertyEU Archive
Citycon acquires Arabia shopping centre in Helsinki
Finnish listed retail specialist Citycon has bought the Arabia shopping centre in Helsinki, Finland, for just less than EUR 20 mln from Tapiola Group.
