All Real Assets articles in Web Issue – Page 837
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PropertyEU Archive
Partners Group raises EUR 630m for real estate investment
Swiss listed investment firm Partners Group has closed its Partners Group Global Real Estate 2011 programme with $800 mln (EUR 631 mln) in equity commitments.
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PropertyEU Archive
Peakside buys site for EUR 90m resi project in Berlin
European real estate private equity firm Peakside Capital has acquired a development site for a EUR 90 mln residential scheme in Berlin. Peakside carried out the transaction on behalf of its Peakside Real Estate Fund I. The financial details and the identity of the vendor were not disclosed.
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PropertyEU Archive
Savills acquires residential property agent on French Riviera
Property adviser Savills has strengthened its overseas residential network with the acquisition of Riviera Estates in the south of France. Riviera Estates has been a Savills International associate for 10 years and is one of the top luxury property agents on the Cote d’Azur.
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PropertyEU Archive
Cushman & Wakefield adds to Russian advisory team
Property adviser Cushman & Wakefield has appointed Evgeny Popov and Richard Tibbott to its advisory team in Russia.
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PropertyEU Archive
Global mall development at 'all-time high' - CBRE
Global shopping centre development continues apace with growing middle class populations and retailer expansion leading to unprecedented levels of construction and new openings, largely in emerging markets, according to property advisor CBRE.
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PropertyEU Archive
Gazeley delivers new logistics centre for H&M near Madrid
Global logistics developer and investor Gazeley has completed a 36,000 m[sup]2[/sup] distribution centre for fashion retailer Hennes & Mauritz near Madrid. The build-to-suit property cost EUR 25 mln to build and has been leased to H&M for a period of 24 years.
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PropertyEU Archive
ANF in talks to sell 160 hotels to FdM and la Française
French REIT ANF Immobilier is in exclusive negotiations with Foncière des Murs and La Française REM regarding the sale of a portfolio of hotels under the B&B brand, the company said in a statement.
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PropertyEU Archive
Altarea boosts capital by EUR 70m
French retail specialist Altarea is to increase its equity base by EUR 69 mln after an overwhelming majority of shareholders opted for the payment of the 2011 dividend in shares.
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PropertyEU Archive
French insurer shops in Lyon for EUR 75m
French insurer Unofi Assurances has purchased the Lugdunum office building in the Part Dieu district of Lyon for a price of EUR 75 mln, excluding taxes. The vendors are Sogelym Dixence and Europequipement.
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PropertyEU Archive
Benetton family, Finnat bank buy into Beni Stabili's property management unit
The Benetton family and Banca Finnat Euroamerica Group have signed a preliminary agreement to buy a controlling stake in Beni Stabili Property Service (BSPS), PropertyEU has learnt.
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PropertyEU Archive
Guggenheim, Deutsche Bank terminate talks on RREEF
Deutsche Bank and Guggenheim Partners have ended negotiations on the potential sale of RREEF, Deutsche Bank's global alternative asset management business, after failing to reach an agreement.
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PropertyEU Archive
Echo gets green light for Budapest mall
Polish listed real estate developer Echo Investment has received permission for the construction of the Mundo shopping mall in Budapest's Zuglo district. Designed by Hungarian architectural studio Bánáti + Hartvig Architect in cooperation with Studio Quadra, the scheme will combine commercial, entertainment, service, office and recreational functions. It will provide ...
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PropertyEU Archive
Gavrilov to lead CBRE Russia's research department
CBRE has announced the appointment of Valentin Gavrilov as director of the research department in Russia. Gavrilov will be responsible for the data management and analytical support of all CBRE business lines. He reports to Alexander Polenok, managing director of CBRE in Russia.
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PropertyEU Archive
HB Reavis snaps up Prague site for office development
Slovak development company HB Reavis has acquired the Metronom East development site in Prague from a group of private Austrian investors. The financial details of the transaction were not disclosed.
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PropertyEU Archive
ECE teams up with Renaissance on Russian mall
German retail specialist ECE is taking over the initial leasing and the centre management of the Aura shopping centre project in the Russian city of Yaroslavl.
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PropertyEU Archive
London & Stamford buys London resi project for EUR 183m
UK REIT London & Stamford Property has exchanged contracts with Project Red, a subsidiary of Qatari Diar, to acquire Moore House in London on behalf of its newly formed Central London Residential Joint Venture. The transaction price amounts to £147 mln (EUR 183 mln) excluding costs.
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PropertyEU Archive
Welput shops in London at 6.2%
The West End of London Property Unit Trust (WELPUT), advised by Grafton Advisors, has completed the purchase of the freehold interest in 143-157 Farringdon Road, London, for £26 mln (EUR 32 mln), reflecting a net initial yield of 6.2%.
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PropertyEU Archive
Union embarks on EUR 70m extension to Belgian mall
Union Investment is to invest around EUR 70 mln to extend Les Grands Prés shopping centre in the Belgian city of Mons. The move follows a decision by Swedish retail giant Ikea to build a new store on the site.
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PropertyEU Archive
MSREI pulls out of EUR 700m Santander buy - report
Morgan Stanley Real Estate Investing has reportedly terminated talks with bank Santander regarding the purchase of a EUR 700 mln distressed property loan portfolio securitised against Spanish residential assets.
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PropertyEU Archive
Eurohypo sells $760m loan portfolio in the US
German lender Eurohypo has sold a $760 mln (EUR 605 mln) performing loan portfolio in the US to US Bancorp, Wells Fargo Bank and Blackstone Group.
