All Real Assets articles in Web Issue – Page 816
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PropertyEU Archive
St. Modwen closes Uxbridge land acquisition
UK regeneration specialist St. Modwen Properties said on Tuesday that its joint venture with Vinci, VSM Estates, has completed the acquisition of RAF Uxbridge from the Ministry of Defence as part of the MoDEL redevelopment project, which VSM Estates was awarded in August 2006.
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PropertyEU Archive
Eurazeo mulls sale of ANF Immobilier stake
Eurazeo, the majority owner of France's listed ANF Immobilier, is considering the sale of its interest in the Paris-based real estate unit after receiving several unsolicited expressions of interest from unidentified investors.
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PropertyEU Archive
Riabokobylko to head C&W's Russian business
Sergey Riabokobylko has been appointed as general director of Cushman & Wakefield's Moscow office with effect from 1 June. Riabokobylko was senior executive director, partner and co-founder of Stiles & Riabokobylko which was acquired by Cushman & Wakefield in 2005.
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PropertyEU Archive
Deleveraging will slow European investment growth: DTZ
New European banking regulations are expected to force further deleveraging in the real estate sector and will increase the existing debt funding gap across key European markets, according to DTZ's new edition of its Money into Property 2012 Europe report.
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PropertyEU Archive
Helios Europe opens new office in Dusseldorf
Logistics property investor and developer Helios Europe is continuing its expansion drive in Germany with the appointment of a key executive and the opening of a new office in Dusseldorf. The company has appointed André Banschus as country manager Germany.
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PropertyEU Archive
Four heavyweigths join forces in Marseille's Euromed
French insurance group Predica and office firm Foncière des Régions have mandated construction companies Crédit Agricole Immobilier and Altarea Cogedim to develop the Euromed Center, a new mixed-use district to be built in Marseille as part of the regeneration of the city's port area.
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PropertyEU Archive
Orco makes strides in restructuring
CEE-focused Orco Property Group (OPG) and its subsidiary Orco Germany (OG) have reached debt-restructuring agreements with bondholders. They entered into an agreement in mid April with bondholders representing a third of OPG's bonds and 61% of Orco Germany's bonds in terms of nominal value.
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PropertyEU Archive
European property investment reaches EUR 24b in Q1: CBRE
Investment turnover in the European commercial real estate market slowed at the start of 2012, largely reflecting a seasonal slowdown in activity, according to the latest research by global property adviser CBRE.
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PropertyEU Archive
Invesco RE tops cross-border investor ranking in Q1
Invesco Real Estate was the largest cross-border buyer of European property during the first quarter of 2012 thanks to two large transactions on behalf of individual mandates.
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PropertyEU Archive
WDP finalises EUR 105m logistics deal in the Netherlands
Euronext-listed REIT Warehouses De Pauw (WDP) has signed the final purchase agreement to buy the Lakeside logistics portfolio from a developer in the Netherlands for EUR 105 mln. The portfolio comprises eight new logistics and semi-industrial sites with a gross lettable area of 150,000 m2, which have long-term lease contracts ...
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PropertyEU Archive
IVG leases 8,200m[sup]2[/sup] of office space in Hamburg
Listed German real estate group IVG Immobilien has leased 8,200 m[sup]2[/sup] of office space in Hamburg. The company's asset management branch has signed German DIY retailer Praktier which is to relocate its corporate headquarters from Saarland to the property at Heidenkampsweg 99 in Hamburg by end-September this year.
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PropertyEU Archive
Lloyds moves to sell EUR 360m of Irish property loans
Banking group Lloyds has begun the process of selling its EUR 360 mln portfolio of Irish real estate loans, it has been reported. The Financial Times said that Lloyds received first round bids in the process known as Project Prince at end-March.
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PropertyEU Archive
FdM agrees portfolio sale to BNP Paribas REIM
Foncière des Murs, the hospitality arm of French REIT Foncière des Régions, has signed a preliminary agreement to sell a healthcare property portfolio to the Health Property Fund I, managed by BNP Paribas REIM. The transaction price amounted to EUR 68 mln.
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PropertyEU Archive
Peakside gears for Polish asset disposals
Independent real estate investment firm Peakside is gearing up to start selling EUR 600 mln of assets owned by its new Polish platform over the next few years.
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PropertyEU Archive
Cofinimmo's new French care home REIT buys first asset
Brussels-listed real estate investment trust (REIT) Cofinimmo has announced the acquisition of a care home in Paris for just under EUR 21 mln.
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PropertyEU Archive
INREV reshuffles management board
The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has appointed two new members to its Management Board.
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PropertyEU Archive
Non-listed funds suffer sharp drop in performance and capital raising
Non-listed real estate funds witnessed a sharp drop in performance and the level of capital raised in 2011, according to new reports issued by the European sector organisation INREV.
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PropertyEU Archive
Department stores must reinvent to survive
Department stores need to reinvent themselves to survive, according to some 75% of delegates at the annual ICSC European Conference in Berlin this week. Only 5% of the 550 conference delegates thought the existing format could be sustained.
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PropertyEU Archive
European retailers lag in global ranking
American retailers are by far the most global, according to the 2012 edition of CBRE's annual global retail report 'How Global is the Business of Retail?' Almost three quarters (73%) of those surveyed are present in all three regions, compared with 44% of EMEA-based retailers and 23% of retailers from ...
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PropertyEU Archive
Big Yellow receives EUR 122m loan from Aviva
London-listed self-storage property specialist Big Yellow has entered into a new £100 mln (EUR 122 mln) 15-year loan with Aviva Commercial Finance. The facility is secured against a portfolio of 15 freehold self storage centres valued at £242 mln. The annual fixed interest rate on the loan is 4.9%.
