All Real Assets articles in Web Issue – Page 836
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PropertyEU Archive
Wölbern Invest launches first green fund
Hamburg-based real estate fund manager Wölbern Invest has launched its first special fund (Spezialfonds) for institutional investors targeting sustainable office properties in major west European cities.
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PropertyEU Archive
Investors stick with GOEFs as new legislation looms: INREV
Institutional investors and fund managers of German open-ended funds (GOEFs) remain surprisingly positive about these vehicles despite the imminent introduction of tighter requirements under the AnsFuG legislation, according to recent research by INREV.
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PropertyEU Archive
AXA extends 7,000m[sup]2[/sup] lease at Warsaw Trade Tower
Two Polish subsidiaries of French insurance giant AXA have extended a 7,000 m[sup]2[/sup] lease at the Warsaw Trade Tower. The deal signed with landlord Akron Investment CEE II (AICEE II) is the third-largest office leasing transaction in Poland so far this year, according to property adviser Jones Lang LaSalle.
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PropertyEU Archive
Allianz RE buys Warsaw business park for EUR 173m
Allianz Real Estate has signed a preliminary agreement to acquire the Platinium Business Park in Warsaw from CEE property developer GTC. The investment volume for the scheme comes to EUR 173 mln and is subject to adjustment when the final agreements are signed. The final price reflects an investment yield ...
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PropertyEU Archive
STE offloads EUR 50m of non-strategic assets
Société de la Tour Eiffel (STE) has divested EUR 50 mln of non-strategic assets as part of its goal of focusing on modern suburban offices and deleveraging its balance sheet.
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PropertyEU Archive
Multi appoints legal director
European real estate developer Multi Corporation has appointed Nico Jacobs as group director for legal & compliance affairs. Jacobs was previously general legal counsel for Accor Hotels and responsible for the hotel group's expansion in the Netherlands, Switzerland and Scandinavia. Before that he was a lawyer at law firm Loyens ...
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PropertyEU Archive
Palmer gets majority backing in Invista takeover race
Palmer Capital has emerged as the frontrunner in the race to acquire London-listed Invista Real Estate Investment Management. In a statement on Monday, Palmer Capital said it has received an irrevocable undertaking from two of Invista REIM's largest shareholders to back a bid that values Invista at about £40 mln ...
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PropertyEU Archive
Tim Bellman to head research for Invesco Real Estate
Global real estate investment manager Invesco Real Estate (IRE) said it has appointed Timothy Bellman as head of global research, based in IRE's Dallas office.
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PropertyEU Archive
GOEFs book negative return in May: IPD
German open-ended real estate funds (GOEFs) posted a negative monthly return of -0.1% in May, a slight improvement on the -0.5% booked in April, according to IPD's German Monthly Open Ended Fund (OFIX) index.
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PropertyEU Archive
La Française REM launches debt platform
La Française REM has announced that it is launching a property debt platform, as first tipped by PropertyEU in February.
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PropertyEU Archive
Portela takes non-exec position at Secure Property
Secure Property Development & Investment, formerly Aisi Realty Public, a South Eastern European-focused property and investment company, has appointed Álvaro Portela as a non-executive director.
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PropertyEU Archive
Non-listed fund returns edge up in Q1: INREV
Total returns on non-listed funds increased slightly to 0.5% in the first three months of 2012 from 0.4% in the previous quarter, according to the latest figures from the European Association for Investors in Non-listed Real Estate Vehicles INREV.
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PropertyEU Archive
Pbb, Unicredit Austria provide EUR 148m facility for CEE portfolio
pbb Deutsche Pfandbriefbank and Unicredit Bank Austria have jointly underwritten a EUR 148 mln senior facility to refinance an office, logistics and retail portfolio across Central and Eastern Europe. The portfolio is owned by Aviva Investors' Central European Property Fund (AICEPF). The transaction was closed on 6 June 2012.
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PropertyEU Archive
Deka sells London building to Zara for EUR 190m
German real estate fund manager Deka Immobilien has sold the Lumina office and retail property in London to retail chain Zara for EUR 190 mln.
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PropertyEU Archive
Curzon fund sells Berlin resi portfolio for EUR 62m
Curzon Capital Partners II (CCPII), managed by AEW Europe, has sold residential assets in Berlin for a total of EUR 62 mln. The properties were the last of the original portfolio of 29 residential buildings, totalling 750 units, which were acquired by the fund in 2005 and 2006. They have ...
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PropertyEU Archive
Brookfield buys London offices from Hammerson for EUR 644m
US and Canadian-listed investor Brookfield Office Properties has acquired the bulk of Hammerson's London office portfolio for £518 mln (EUR 644 mln). The gross proceeds are 5% above proforma book value and represent a 5.2% initial yield, Hammerson said.
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PropertyEU Archive
Internos awarded KAG licence to operate German Spezialfonds
Pan-European real estate fund manager Internos has been awarded a KAG licence by Germany's financial supervisory body BaFin to operate German Spezialfonds (special funds) for institutional investors.
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PropertyEU Archive
Portuguese property funds deliver positive returns in March
Portuguese property investment funds delivered an annual total return of 0.8% in March 2012, a slight decrease compared to the annual return of 1.2% recorded at the end of 2011, according to the APFIPP/ IPD Portugal Property Fund Index.
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PropertyEU Archive
Cordea Savills raises EUR 31m in first close for London resi fund
Property investment manager Cordea Savills has had a first close of its Prime London Residential Development Fund following the commitment by a global private bank to provide £25 mln (EUR 31 mln) of initial equity. Further closings of the fund are scheduled over the next 12 months, with a second ...
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PropertyEU Archive
Property funds raise EUR 6b in May - Indirex
Property real estate funds raised $7.5 bn (just under EUR 6 bn) in global capital commitments in May, according to figures published by Indirex, an online community for non-listed real estate funds. Although 27 new fund-raising announcements were made, only 12 reported equity volumes raised.
