All Real Assets articles in Web Issue – Page 815
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PropertyEU Archive
Beni Stabili names banks in EUR 308m club deal
Italian REIT Beni Stabili has confirmed it signed a contract for a EUR 308 mln mortgage loan with a club of four domestic and three foreign banks. The refinancing is for debt maturing in 2012.
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PropertyEU Archive
AXA aims to boost retail investment by 50%
AXA Real Estate is planning to boost its retail investment by 50% over the next year, Anne Kavanagh, global head of asset management, said during an investors panel at this year's ICSC European Conference in Berlin.
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PropertyEU Archive
France's Ciloger buys EUR 83m portfolio from Altarea
French investment manager Ciloger has acquired two commercial properties in Sainte-Eulalie, near Bordeaux, for a total of nearly EUR 83 mln.
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PropertyEU Archive
Rockspring starts spec development of major City office
Rockspring Property Investment Managers together with its development partner, Charterfield Asset Management, has started construction of the redevelopment of 24 Monument Street, EC3 which, when completed, will deliver 75,000 sq ft (7,000 m2) of grade A office space including two floors of retail accommodation.
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PropertyEU Archive
France gains in e-commerce ranking
France saw one of the largest increases in the number of retailers that can deliver goods bought online, according to the 2012 edition of CBRE's annual global retail report 'How Global is the Business of Retail?'
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PropertyEU Archive
Investire, Henderson team up to launch Italian funds
Henderson Global Investors and Investire Immobiliare SGR, the property funds asset management company belonging to Banca Finnat Euroamerica Group, have signed a joint venture agreement for the development and distribution of property funds.
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PropertyEU Archive
London top spot for international retailers
London has reclaimed the number one position as the most targeted market for international retailers, according to the 2012 edition of 'How Global is the Business of Retail?' by property adviser CBRE.
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PropertyEU Archive
AFI Development to deliver 78,000m[sup]2[/sup] business centre in Moscow
AFI Development has appointed Cushman & Wakefield as the leasing and sale agent for its business centre 'Aquamarine III' in Moscow. Aquamarine III will provide 78 000 m[sup]2[/sup] of multifunctional space at the Ozerkovskaya embankment in Moscow.
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PropertyEU Archive
German retailer acquires Moscow land plot for EUR 19m
Private German retailer Globus has acquired a land plot in the Moscow region for RUB 755 mln (EUR 19 mln). Located on a former industrial area in Korolyov, the land totals 11.2 hectare where Globus is planning to build a hypermarket.
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PropertyEU Archive
British Land sells 5 racquet clubs to institutional investors
UK REIT British Land has sold five of the Virgin Active racquet clubs to three institutional investors. The disposal price of £33 mln (EUR 40 mln) reflects an average net initial yield of 6.5%.
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PropertyEU Archive
ABN Amro provides EUR 85m for mixed-use project in Rotterdam
ABN Amro Real Estate Finance has provided EUR 85 mln in financing to developer Provast for the Markthal mixed-use project in Rotterdam. The funding relates to the superstructure for the EUR 175 mln development project.
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PropertyEU Archive
Peakside acquires Solvay's German HQ
Peakside Real Estate Fund I is acquiring the German headquarters of international chemical group Solvay in a sale-and-leaseback transaction. The investment volume for the 23,700 m[sup]2[/sup] complex in Hanover was not disclosed.
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PropertyEU Archive
Sonnier joins BNP Paribas REIM as head of investment
BNP Paribas Real estate Investment Management has announced the appointment of Christine Sonnier to its French investment management team.
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PropertyEU Archive
Felicity Holbrook joins CBRE Global Investors
Felicity Holbrook has joined CBRE Global Investors as senior associate of investor services with particular focus on raising UK equity for all the firm's global investment programs.
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PropertyEU Archive
Deal in Depth: Chinese SWF makes office debut in Paris
Eurosic's EUR 508 mln sale of a core office portfolio in Paris signals changing times in the city’s property investment sector. Once dominated by local investors, the French capital has become the new playground of cash-rich sovereign funds looking beyond London to expand their European domains.
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PropertyEU Archive
Special RE funds raise investment portfolio performance
Special real estate funds can significantly raise the performance in a mixed investment portfolio, as they display hardly any correlation with other investment categories, according to a new study published by Patrizia, a listed German property company and fund manger.
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PropertyEU Archive
Returns slow in the UK unlisted property sector
The unlisted UK property sector delivered a total return of 0.7% in the first quarter of 2012. The result remains in positive territory but continues a downward trend and was the lowest return recorded since the market entered the recovery phase in Q3 2009, according to the AREF/IPD UK Property ...
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PropertyEU Archive
ABN Amro and NSI launch office refurbishment competition
Dutch bank ABN Amro Real Estate Finance and Amsterdam-listed real estate company NSI have launched a competition to collect ideas from market professionals on the redevelopment and/or repositioning of vacant office buildings in the Netherlands. The bank and NSI will assist the three winners to draw up a feasibility plan ...
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PropertyEU Archive
Groupama, Acofi poised to launch debt fund
French insurance group Groupama has announced that its asset management arm is joining forces with institutional fund manager Acofi to launch a debt plaform aimed at lending to the debt-starved real estate sector.
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PropertyEU Archive
Standard Life acquires multi-let office in Cheltenham
Standard Life Investments Property Income Trust has exchanged contracts for the purchase of St James’s House in Cheltenham with completion due on Wednesday.
