All Real Assets articles in Web Issue – Page 839
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PropertyEU Archive
UFG Real Estate sells EUR 38m office complex to Sponda
UFG Real Estate has divested the Bakhrushina House office building in downtown Moscow to Finnish investment group Sponda for $47 mln (EUR 38 mln).
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PropertyEU Archive
Italy's GCI links up with BNP Paribas on EUR 700m fund
The Italian arm of BNP Paribas REIM has signed an agreement with Auchan's Gallerie Commerciali Italia to launch a EUR 700 mln closed-end investment vehicle, Prime Shopping Value.
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PropertyEU Archive
Investors in Kanam US-grundinvest await final statement
Unit holders in Kanan's US-grundinvest fund which has been virtually wound down can expect cumulative and largely tax-free returns on their investment of 48.8% during the entire nine-year term of the fund, Kanam said on Tuesday.
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PropertyEU Archive
Sonae Sierra beefs up presence in Morocco
International shopping centre specialist Sonae Sierra has strengthened its presence in Morocco with the signing of its second service provision contract in the country.
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PropertyEU Archive
Brussels seeks development partners for massive Neo scheme
Local and regional authorities in Brussels have launched a search for development partners for the 300,000 m[sup]2[/sup] Neo Brussels mixed-use project.
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PropertyEU Archive
Wölbern Invest buys Paris office for latest French fund
Hamburg-based fund manager Wölbern Invest has acquired an office property in Paris for its new closed-end French office fund Frankreich 05. The investment volume amounts to EUR 170 mln.
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PropertyEU Archive
La Française REM buys office project in Lille
French fund manager La Française REM has acquired an office project in the new Euralille district of Lille from developer Nexity. Financial details were not disclosed.
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PropertyEU Archive
Goodman gets go-ahead for new project at Hatfield
Industrial property and business space provider Goodman has secured full planning consent for the development of a major new facility at Hatfield Business Park.
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PropertyEU Archive
Secondary office investment drops to 10-year low
Investment in secondary offices across Western European markets is at its lowest level in 10 years, according to research from BNP Paribas Real Estate.
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PropertyEU Archive
Société de la Tour Eiffel refinances EUR 117m credit line
Paris-listed Société de la Tour Eiffel (STE) has secured the refinancing of a EUR 117 mln credit line with an unnamed German Landesbank. The facility was originally provided by the Royal Bank of Scotland in 2004 when STE converted to SIIC (French real estate investment trust) status in 2004.
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PropertyEU Archive
'Historic' accord to tackle high Dutch office vacancies
Banks, institutional investors, occupiers and public authorities in the Netherlands have joined forces on an 'historic' plan to tackle the country's high office vacancy levels.
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PropertyEU Archive
British Land acquires printing works site in London
UK REIT British Land said it has reached provisional agreement to acquire the Harmsworth Quays printing works site at Canada Water in Southeast London from The Daily Mail General Trust (DMGT). The purchase price was not disclosed. The transaction is due to go unconditional in July 2012.
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PropertyEU Archive
Anglophone countries top JLL transparency index
The US ranks as the world's most transparent real estate market, followed closely by the UK and Australia, according to Jones Lang LaSalle's Global Real Estate Transparency Index for 2012.
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PropertyEU Archive
Deka buys office asset in Bordeaux
German open-ended fund manager Deka Immobilien has acquired an office asset in Bordeaux from a joint venture between French developers Groupe Soline and Groupe Deret. The purchase price was not disclosed.
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PropertyEU Archive
Commerzbank to wind down property lending business
Germany's Commerzbank plans to pull out of commercial real estate financing altogether as part of an accelerated shift towards more profitable core activities. The move marks a reversal of the state-backed bank's original plan to group its real estate and ship finance activities in a new unit and integrate it ...
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PropertyEU Archive
Henderson buys retail warehouse in Germany
Henderson Global Investors has acquired a 27,500 m[sup]2[/sup] retail warehouse in Karlsruhe, Germany from the Metro Group for an undisclosed price. The asset was bought for Henderson's German Retail Income Fund.
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PropertyEU Archive
CitizenM opens first hotel in London
Dutch hotel group CitizenM will open the doors of its first hotel in London on 4 July. The 192-room hotel is located on Bankside in the vicinity of the Tate Modern Museum, the Globe Theatre and the Millennium Bridge.
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PropertyEU Archive
Wölbern Invest buys office in Amsterdam for EUR 100m
German closed-end fund manager Wölbern Invest has acquired a newly built office building in Amsterdam for its Holland 71 fund. The investment volume amounts to EUR 99.8 mln.
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PropertyEU Archive
Skanska to build EUR 122m green mall in Oslo
Swedish developer Skanska has been contracted by Norwegian real estate manager KLP Eiendom to build an environmentally sustainable shopping centre in Oslo for NOK 920 mln (EUR 122 mln).
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PropertyEU Archive
Picton secures EUR 260m in new debt facilities
UK investment manager Picton Property Income has agreed two new debt facilities totalling £209 mln (EUR 261 mln) with Aviva Commercial Finance and Canada Life. The new facilities will be used to refinance Picton's existing CMBS facility and bank loan totalling £188.5 mln, which are due to mature in 2013.
