All Real Assets articles in Web Issue – Page 838
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PropertyEU Archive
GWS added to GPR's global index
GSW Immobilien has joined the GPR 250 Global Index following the latest quarterly rebalancing effective 18 June 2012. The German residential property company is the only new European constituent to be added to the index. London-based Songbird Estates has been dropped from the index along with two Japanese companies and ...
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PropertyEU Archive
Orco Germany, RBS extend debt standstill agreement
Orco Germany, the German unit of Orco, said that its GSG Asset GmbH & Co. Verwaltungs KG subsidiary has signed an extension on its debt standstill agreement with the Royal Bank of Scotland.
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PropertyEU Archive
CWI, SWIP buy fully-let retail asset in Dijon
Cushman & Wakefield Investors and Scottish Widows Investment Partnership have acquired 51-57 rue de la Liberté, in the central retail area of Dijon, Central Eastern France, on behalf of their PURetail fund. Financial details were not disclosed.
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PropertyEU Archive
Beni Stabili Siiq confirms sale of stake in BSPS unit
Italy's Beni Stabili Siiq has confirmed the sale of a large part of its property management arm, Beni Stabili Property Service, to Banca Finnat Euramerica and the Benetton family.
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PropertyEU Archive
Multi unveils plans to build new German mall
Multi Development and its partners, the City of Bad Kreuznach and Volksbank Rhein-Nahe-Hunsrück, have presented plans for the development of a downtown quarter with a shopping centre in Bad Kreuznach, Rhineland-Palatinate, Germany.
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PropertyEU Archive
JPMAM confirms Paris office buy from Eurosic
JP Morgan Asset Management (JPMAM) confirmed the acquisition on Friday of 52 Hoche and Avant Seine on behalf of an unnamed institutional investor.
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PropertyEU Archive
Invesco Real Estate sells prime office scheme in Paris
Invesco Real Estate (IRE), the global cross-border property investment manager, has sold 148 rue de l’Université to Swiss Life Assurance et Patrimoine for an undisclosed sum.
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PropertyEU Archive
'Qatar secures EUR 1b of French property'
Qatari sovereign wealth fund QIA has reportedly completed the acquisition of the central Paris office building Neo, which houses a section of the US embassy and French national newspaper Le Figaro, for EUR 300 mln.
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PropertyEU Archive
Swedish insurer buys Malmö hotel project for EUR 102m
The real estate arm of Swedish insurance group AFA Försäkring has acquired a hotel and conference project in Malmö for at least SEK 900 mln (EUR 102 mln). The hotel is part of the Malmö Kongress scheme being developed by Skanska, the Stockholm-listed construction and development group.
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PropertyEU Archive
GTC raises EUR 104m in rights issue
Warsaw-listed Globe Trade Centers has increased its share capital by PLN 445 mln (EUR 104 mln) through a rights issue, which was more than two times oversubscribed. The company said the issue is part of its strategy to deleverage and increase its liquidity.
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PropertyEU Archive
Schroders captures EUR 170m pension fund mandate
UK pharmacy chain Boots has appointed Schroder Property to manage a £135 mln (EUR 168 mln) pension fund portfolio. The pension scheme is seeking a diversified exposure to the UK property market through investment in core, value-added and opportunistic property funds.
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PropertyEU Archive
P3 wins management contract in Romania
PointPark Properties (P3) has been mandated by private equity firm NBGI Private Equity to carry out development and leasing management services for the Arad Business Park in Romania.
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PropertyEU Archive
Harbert fund buys five Segro assets for EUR 353m
Alabama-headquartered investor Harbert Management Corporation has announced the acquisition of five real estate assets from UK REIT Segro for £284 mln (EUR 353 mln).
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PropertyEU Archive
Renta sells offices in Madrid for EUR 40m
Spanish listed property firm Renta Corporación has announced the sale of two office buildings in Madrid for a total of EUR 40 mln.
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PropertyEU Archive
Pricoa provides first European real estate loan
Pricoa Mortgage Capital has issued a £70 mln (EUR 87 mln) commercial real estate loan in the UK, the first financing since the launch of its European business earlier this year. Pricoa is one of the largest commercial mortgage lenders in the US and forms part of New York-listed financial ...
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PropertyEU Archive
Sluggish UK recovery takes toll on real estate market: JLL
The sluggish economic recovery in the UK is continuing to take a toll on the country's commercial real estate markets, according to Jones Lang LaSalle's latest property forecasts.
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PropertyEU Archive
Swedish logistics market picks up steam: Savills
Around 400,000 m[sup]2[/sup] of new logistics space will be delivered in Sweden by the end of 2012, up from 350,000 m[sup]2[/sup] in 2011, according to new research published by Savills.
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PropertyEU Archive
Prologis signs 33,000 m[sup]2[/sup] of new leases in Germany
Industrial property owner and operator Prologis has signed two lease agreements totalling around 33,055 m[sup]2[/sup] in Germany.
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PropertyEU Archive
Meyer Bergman holds first close for EUR 1.2b retail fund
European fund manager Meyer Bergman has secured around EUR 130 mln of equity at the first close of its second retail property fund, a market source told PropertyEU.
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PropertyEU Archive
Redevco sells in Glasgow for EUR 18m
European private retail property group Redevco has sold the freehold of 78-92 Argyle Street in Glasgow to a fund managed by Scottish Widows Investment Partnership (SWIP).
