All Real Assets articles in Web Issue – Page 812
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PropertyEU Archive
Hunter Property forward purchases OBI store in Czech Republic
Hunter Property Fund Management's Prague team have completed the acquisition of a newly completed OBI store at Priborska, Frydek Mistek. The transaction was arranged by way of a forward purchase agreement ahead of construction directly with the developer.
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PropertyEU Archive
Lone Star buys EUR 1b debt portfolio from the Bundesbank
An affiliate of Lone Star Real Estate Fund II has signed an agreement to acquire the A and B notes of CDO Excalibur Funding 1 from Deutsche Bundesbank. Excalibur contains a portfolio of loans secured on European real estate assets with a face value of EUR 960 mln.
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PropertyEU Archive
Benson Elliot, GCI offload EUR 150m of Paris offices
Private equity real estate firm Benson Elliot Capital Management and Générale Continentale Investissements (GCI) have announced the sale of Olympique and Opéra Italiens, after successfully completing value-add business plans on both assets. The properties were part of the two partners' Opéra portfolio.
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PropertyEU Archive
German resi deals set to rise over 25% to EUR 6b: Savills
Investment in German residential portfolios is expected to exceed EUR 6 bn this year, compared to a 2011 volume of EUR 4.8 bn, according to real estate agent Savills.
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PropertyEU Archive
ING, Gillion family sell Brussels mall for EUR 62m
ING Real Estate Development and the Gillion family have sold Brussels' Toison d’Or Gallery shopping centre to the M&G Property Fund managed by Prupim, part of the UK's Prudential financial services group. The transaction price amounted to EUR 62 mln.
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PropertyEU Archive
Swap breakage costs curb appetite for workouts
The cost of breaking swaps contracts taken out by real estate investors who borrowed in euros at the peak of the property market in 2006/07 has increased substantially, according to an analysis by global real estate advisor, CBRE.
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PropertyEU Archive
Cabot Lodge III leaves as head of WP Carey's European business
WP Carey has announced the departure of Cabot Lodge III as head of European investments as the US-based international sale-and-leaseback specialist firm increases its focus on other markets.
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PropertyEU Archive
Opera Uni-Invest CMBS: the facts, the figures and the options
'A Texas shootout' - that is the scenario facing noteholders of the defaulted Opera Uni-Invest CMBS which are due to meet on Tuesday to decide between two competing workout options for the underlying portfolio of Dutch office and logistics assets. In this analysis, PropertyEU outlines the facts and the figures ...
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PropertyEU Archive
Uni-Invest CMBS noteholders prepare for ‘Texas shootout’
Noteholders of the defaulted Opera Uni-Invest CMBS are to meet on Tuesday to decide between two competing workout options for the underlying portfolio of Dutch office and logistics assets. The case is being closely monitored as industry experts say the solution may well become the model for dealing with ...
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PropertyEU Archive
Deka sells mixed-use scheme in Vienna
Deka Immobilien has announced the sale of the Stafa mixed-use building in Vienna to an unnamed Austrian investor. The companies agreed to keep financial details confidential.
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PropertyEU Archive
Inter Ikea takes third place in retail developers ranking
Germany’s ECE and Dutch developer Multi Development came in virtually neck-in-neck in PropertyEU’s retail ranking for 2012. The figure is based on the amount of retail space completed between 2009-2011. ECE completed 763,000 m[sup]2[/sup] over the period, just 1,000 m[sup]2[/sup] more than Multi.
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PropertyEU Archive
Deal in Depth: KanAm generates EUR 1.2b from selling spree
KanAm Grund has found its white knight in two sovereign wealth funds from the Middle East and Asia which have splashed out hundreds of millions of euros to buy four prime real estate assets in London and Paris. In early March KanAm signed the deeds on One Exchange Square and ...
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PropertyEU Archive
Dutch investment volumes climb from 2011 low
Dutch real estate volumes have risen in the last two quarters after a downward spiral in the first nine months of 2011. PropertyEU Research recorded a volume of EUR 1.4 bn in three first three months of 2012. The result was almost on a par with the EUR 1.5 bn ...
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PropertyEU Archive
Welput sells prime Mayfair asset for EUR 202m
The West End of London Property Unit Trust (WELPUT), managed by Schroders and advised by Grafton Advisors, has signed a deal to sell the freehold interest in Stratton House, 5 Stratton Street, London W1, to a private European investor. The transaction amounts to £166 mln (EUR 202 mln), reflecting a ...
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PropertyEU Archive
BNP Paribas Real Estate hired to sell EUR 40m Paris office
Morgan Stanley Real Estate Investing has picked BNP Paribas Real Estate to sell an office building at Rue d'Uzès in Paris' second arrondissement. The scheme is held by Morgan Stanley's Eurasia open-ended investment fund.
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PropertyEU Archive
CBRE reinforces Russian office agency
CBRE has announced the appointment of Evgenia Anosova as associate director in its Russian Office Agency team. Anosova will be responsible for further developing and growing the projects portfolio as well as increasing transaction volumes for the Office Agency business.
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PropertyEU Archive
Jones Lang LaSalle appoints new Dutch CEO
Jones Lang LaSalle has announced that Eric de Clercq Zubli will step down as CEO of its Dutch operations. He will be replaced by Vincent Querton who will take up the post alongside his responsibilities as managing director for Belgium & Luxembourg.
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PropertyEU Archive
AXA Immoresidential converts to Spezialfonds status
AXA Real Estate Investment Managers said on Monday that the AXA Immoresidential real estate fund has converted from a public mutual fund to a German special fund. This is the first ever successful conversion of a German public mutual real estate fund into a Spezialfonds dedicated to institutional investors in ...
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PropertyEU Archive
Union Investment buys mixed-use complex in Berlin
Germany's Union Investment has snapped up the Rosmarin Karree office and commercial building in central Berlin for its UniImmo: Deutschland fund. Financial details were not disclosed.
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PropertyEU Archive
Bouygues wins contract to revamp Paris' Ritz hotel
French group Bouygues Construction said on Monday that it has won a EUR 140 mln contract for the refurbishment of the iconic Ritz hotel situated in the Place Vendôme in Paris.
