All Real Assets articles in Web Issue – Page 821
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PropertyEU Archive
PropertyEU organises policy and strategy forum at REALTY 2012
PropertyEU is bringing senior real estate leaders and EU policy makers together at the REALTY 2012 fair in Brussels on 22 May. The forum has been organised for the first day of the three-day fair to foster a closer understanding of the importance of real estate for Europe and help ...
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PropertyEU Archive
AIK buys Berlin residential portfolio for EUR 34m
German real estate asset manager APO Immobilien-Kapitalanlagegesellschaft (AIK) has acquired a residential property portfolio in Berlin for EUR 34 mln. The vendor was a residential property fund managed by Bouwfonds REIM.
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PropertyEU Archive
Niam sells Stockholm office building for EUR 54m
Scandinavian private equity firm Niam has divested its Murmästaren 13 office building in Stockholm for SEK 478 mln (EUR 54 mln). The buyer is Swedish private real estate owner Fastighets AB L E Lundberg.
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PropertyEU Archive
Corestate announces three senior appointments
Swiss-based real estate investor Corestate has made three appointments to its European platform. Sascha Wilhelm has been appointed managing director of Corestate Capital Advisors in Frankfurt, and head of asset management, overseeing the company's German asset management activities.
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PropertyEU Archive
Jones Lang LaSalle ousts CBRE as top European broker
Jones Lang LaSalle has emerged as the top real estate broker in Europe based on investment transaction volume in 2011, according to PropertyEU's annual ranking for 2012. JLL leaped far ahead of its nearest competitor CBRE with total deal volume of EUR 23.1 bn.
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PropertyEU Archive
Brussels launches second phase of Neo project
The City of Brussels has initiated procedings for the two procurement contracts which constitute the second phase of the Neo project in Brussels. The development will include a shopping centre, leisure, convention centre and a residential component covering a total of 300,000 m[sup]2[/sup] within the 68-hectare Heyzel Plateau.
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PropertyEU Archive
Redevco confirms exit from Swedish market
European retail property specialist Redevco has confirmed the sale of its portfolio in Sweden as part of the company's strategy to concentrate on its core markets in Europe.
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PropertyEU Archive
Immofinanz opens door to US investors
Immofinanz has launched an initiative to enable US investors to indirectly purchase shares in the Vienna-listed real estate group. US-based investors will be able to acquire a stakes in the German and Central and Eastern Europe developer-investor though a sponsored American Depositary Receipt (ADR) scheme.
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PropertyEU Archive
Investors opt to liquidate SEB’s ImmoInvest fund
SEB Asset Management is to liquidate its EUR 6 bn open-ended fund ImmoInvest by April 2017, the fund manager announced in a statement on Monday, in what may be just the first closure of its kind this month.
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PropertyEU Archive
Italy's Prelios posts net loss of EUR 24m in Q1
Italian listed property firm Prelios swung to a net loss of EUR 24 mln in the first quarter of the year, from a profit of EUR 10 mln in the same period a year before.
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PropertyEU Archive
East London attracts EUR 2b ahead of Olympics: CBRE
At least £1.6 bn (EUR 2 bn) of private sector money has already been invested in East London over the last two years, according to research by CBRE, with the site seeing the delivery of over 6,000 homes and 3 million sq ft (280,000 m2) of commercial space.
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PropertyEU Archive
Alstria's FFO up 22% as acquisitions boost revenues
Germany's Alstria office REIT posted a 10.7% year-on-year increase in revenues which reached EUR 24 mln in the first quarter of 2012, mainly as a result of acquisitions carried out in 2011.
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PropertyEU Archive
Finnish pension fund buys EUR 90m retail project
Finnish pension insurance company Keva has bought the Hmeenlinna shopping centre project 100 km north of Helsinki for SEK 800 mln (EUR 90 mln) in a forward funding transaction. The vendor was the development arm of Swedish construction group NCC.
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PropertyEU Archive
Sveafastigheter acquires seven grocery stores in Finland
Nordic private equity firm Sveafastigheter and local asset manager Capitol Asset Management have signed an agreement to acquire seven grocery stores in Finland from Aberdeen Property Fund Finland I, a property fund managed by Aberdeen Asset Management Finland.
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PropertyEU Archive
Immofinanz sells in Austria, exits Bosnia
Austrian-listed CEE listed property group Immofinanz has announced the sale of four assets in its home market as part of its planned EUR 2.5 bn five-year divestment programme.
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PropertyEU Archive
Quinlan joins Barclays' debt finance team
Barclays has appointed Sharon Quinlan as head of Structured Property, London within its debt finance team.
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PropertyEU Archive
Chelsea FC fields Battersea Power Station bid
Chelsea Football Club has teamed up with property developer Almacantar to submit a bid for the acquisition of the 39-acre Battersea Power Station site in London.
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PropertyEU Archive
British Land, Blackstone submit plans for Broadgate Circle
UK REIT British Land and the Blackstone Group have submitted a planning application for the improvement of Broadgate Circle in the City of London.
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PropertyEU Archive
Castello takes over RREEF's Italian fund business
Italian investment and fund manager Castello has acquired RREEF's Italian property fund business, RREEF Fondimmobiliari, adding nearly EUR 500 mln to its assets under management.
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PropertyEU Archive
C&W picked to sell Danish regional mall
Cushman & Wakefield has been appointed to sell Rosengårdcentret, Denmark's second largest shopping centre. The centre is expected to generate significant interest and is likely to be the largest single asset sale in Denmark in 2012, C&W said.
