All Real Assets articles in Web Issue – Page 817
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PropertyEU Archive
Degi International pays out EUR 156m to investors
Aberdeen Immobilien Germn fund business has announced it is paying out EUR 156.5 mln to investors in its Degi International fund which is being wound down. The payout represents around 10% of the fund's net asset value.
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PropertyEU Archive
WP Carey provides EUR 20m construction loan in Poland
Investment management group WP Carey said on Thursday that one of its publicly-held non-traded REIT affiliates, CPA:17 - Global, is providing a EUR 20 mln construction financing package for Nippon Sheet Glass (NSG) in Poland.
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PropertyEU Archive
Consortium grants EUR 250m financing to Blackstone
pbb Deutsche Pfandbriefbank, HSBC Bank and Wells Fargo have jointly provided senior financing for the acquisition of a portfolio of distribution warehouses located across the UK by the Blackstone Group.
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PropertyEU Archive
DIC Asset spends EUR 40m on Frankfurt acquisitions
Germany's DIC Asset has finalised the acquisition of two office properties in Frankfurt for a total of EUR 40 mln.
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PropertyEU Archive
Immofinanz buys remaining 50% of Dusseldorf office project
Austrian listed property firm Immofinanz has bought the remaining 50% stake it did not own in the Panta Rhei office development project in Düsseldorf from the co-owner Frankonia Group. Both sides agreed not to disclose the financial details.
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PropertyEU Archive
Credit Mutuel starts buyout procedure for Foncière Massena
The insurance business of Credit Mutuel has announced plans to file a buyout offer followed by a squeeze-out for the shares of listed property arm Foncière Massena.
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PropertyEU Archive
Orion-Carval jv takes on spec development in City of London
European private equity real estate firm Orion Capital Managers has teamed up with its US-based peer, Carval Investors, for the speculative development of a 9,570 m[sup]2[/sup] office and retail scheme in the City of London.
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PropertyEU Archive
SEB Immoinvest to re-open for one day
SEB Asset Management has announced it will open its SEB ImmoInvest open-ended fund for trading for one day on 7 May 2012 to allow unit holders to decide about the future of the EUR 6.6 bn vehicle.
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PropertyEU Archive
Starwood hires Peter Denton for European lending drive
Private equity group Starwood Capital has hired BNP Paribas' Peter Denton to lead the company's push into property lending in Europe.
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PropertyEU Archive
Panattoni starts development of 80,000 m[sup]2[/sup] in Poland
Panattoni Europe has commenced construction work on five buildings, totalling 85,500 m2, in four different locations around Poland.
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PropertyEU Archive
Philips deal accounts for 34% of Dutch volume in Q1
The consortium acquisition of the Philip's High Tech Campus in the Dutch city of Eindhoven for EUR 425 mln in March was the largest single asset deal ever in the Netherlands and accounted for 34% of the totalnvolume of EUR 20 mln-plus deals recorded by PropertyEU in the country during ...
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PropertyEU Archive
Germany's WestImmo swings to loss in 2011
German lender Westdeutsche ImmobilienBank swung to a pre-tax loss of EUR 167 mln in 2011 as it grappled with the negative impact of the sovereign debt crisis. The negative result compares to a profit of EUR 99 mln a year before.
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PropertyEU Archive
Portuguese index posts positive performance in 2011
Portuguese property funds delivered a positive performance of 1.2% in 2011, according to the APFIPP/ IPD Portugal Property Fund Index just released.
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PropertyEU Archive
Folksam buys office in Stockholm for EUR 235m
Swedish insurance group Folksam has snapped up the Kungsbrohuset office property in Stockholm for SEK 2.1 bn (EUR 235 mln). The vendor is Jernhusen.
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PropertyEU Archive
Orchard Street acquires London offices for EUR 29m
Orchard Street Investment Management has completed the acquisition of 6-10 St Andrew Street in London from Prestbury for £23.5 mln (EUR 29 mln), reflecting a net initial yield of 5.27%. The acquisition was made on behalf of St James' Place property funds.
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PropertyEU Archive
Unicredit grants EUR 65m loan for CA Immo's Skygarden
Austrian listed property firm CA Immo has signed another lease for its Skygarden office building in Arnulfpark, Munich, and secured Unicredit's HypoVereinsbank as lender to the scheme.
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PropertyEU Archive
Multi signs agreement with municipality for Gdansk project
European retail specialist Multi Development has signed a shareholders agreement with the municipality of Gdañsk for the development of the Hay and Crayfish Market area near the historical centre of the Polish city.
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PropertyEU Archive
KPMG's Barter eyes opportunities for strategic alliances
KPMG's real estate advisory business is set to benefit from the continued appetite among cash-rich investors for assets in Europe, Stephen Barter told PropertyEU in an exclusive interview. He sees opportunities opening up in particular for strategic alliances between big investors and operating partners in different parts of the world.
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PropertyEU Archive
APG sustainability chief urges INREV to embrace infrastructure
INREV needs to embrace the infrastructure sector to ensure that the best practices developed for non-listed real estate funds are also applied to this asset class, Angelien Kemna, chief investment officer at APG Asset Management, told delegates at INREV's annual conference in Vienna last week.
