All Real Assets articles in Web Issue – Page 850
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PropertyEU Archive
Benson Elliot completes Berlin resi sale to Akelius
Akelius Berlin, the German subsidiary of Sweden-based Akelius Fastigheter, has purchased a Berlin residential portfolio from UK-based private equity real estate fund manager Benson Elliot Capital Management.
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PropertyEU Archive
Real IS buys Amsterdam development
German fund manager Real IS has acquired the Kavel 3 section of the Oosterdokseiland development project in Amsterdam from a consortium of developers represented by MAB Development Nederland. Financial details were kept confidential.
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PropertyEU Archive
KSP buys historic offices in Warsaw from Hochtief
Developer-investor Kulczyk Silverstein Properties (KSP), a joint venture of Kulczyk Real Estate and Silverstein Properties, has purchased two office buildings in central Warsaw for an undisclosed amount. The vendor is Hochtief's Polish development arm.
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PropertyEU Archive
Standard Life builds CA$1 bn portfolio in Canada
Standard Life Investments has announced that the Standard Life Real Estate Fund now has over CD$1 bn (EUR 811 mln) in assets under management in Canada.
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PropertyEU Archive
Orchard Street acquires Greenwich industrial estate for EUR 27m
Orchard Street Investment Management, a specialist UK commercial property investment manager, has exchanged contracts to purchase City Cross Business Park in Greenwich from Aviva Investors.
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PropertyEU Archive
British Land buys 50% of Eden Walk mall near London
UK REIT British Land has purchased a 50% stake in Eden Walk shopping centre in Kingston-upon-Thames, South West London, from Universities Superannuation Scheme (USS) for £41.5 mln (EUR 53 mln), reflecting a net initial yield of 5.35%.
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PropertyEU Archive
Union Investment spends EUR 62m on Helsinki office project
Hamburg-based real estate investor Union Investment has acquired Eventes Business Garden office development in the Helsinki metropolitan area for EUR 62.3 mln. The 14,133 m[sup]2[/sup] property is fully pre-let on a long lease and is being contributed to Union Investment's open-ended real estate fund UniImmo: Deutschland.
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PropertyEU Archive
GLL acquires Paris office building
Munich-based investor GLL Real Estate Partners has purchased an office property in the central business district in the 8th Arrondissement of Paris.
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PropertyEU Archive
Topland acquires tallest building in Wales
UK private investor Topland Group has acquired Capital Tower in Cardiff - the tallest building in Wales, for £12.3 mln (EUR 15.6 mln). The vendor was DTZ Investment Management.
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PropertyEU Archive
Appetite for 'big ticket' loans returns in Germany
German insurer Allianz has teamed up with German banks Aareal Real Estate and Helaba to provide a EUR 650 mln loan facility secured against Oberhausen-based shopping centre, Centro, in what is shaping up to be the biggest retail real estate loan of the summer.
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PropertyEU Archive
DIC Asset sells MainTor assets to German pension fund
German pension fund Ärzteversorgung Westfalen-Lippe (ÄVWL) has carried out a EUR 150 mln forward purchase of an office complex and a residential project in the MainTor Quarter which is being developed in Frankfurt by listed company DIC Asset.
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PropertyEU Archive
Henderson secures extension for UK mall fund and launches capital raising
London-based Henderson Global Investors has secured a seven-year extension for its £650 mln (EUR 825 mln) flagship UK Shopping Centre Fund, giving it a further life of ten years. The Jersey-based property unit trust, which was established in July 2004, was originally due to terminate in 2014. The fund will ...
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PropertyEU Archive
Editor's choice: top real estate headlines worldwide
This week's top property news at a glance:
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PropertyEU Archive
Irish sell almost EUR 700m of UK property in H1 2012
Irish investors sold almost EUR 700 mln of commercial real estate in the UK during the first half of 2012, according to data compiled by CBRE. The property adviser tracked 22 transactions totalling £545 mln (EUR 689 mln), with 84% of the sales in Central London.
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PropertyEU Archive
Sonae Sierra's net result drops to EUR 3m in H1 2012
International shopping centre specialist Sonae Sierra has seen its net result drop by nearly 80% in the first half of the year, largely as a result of yield expansion in Europe.
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PropertyEU Archive
GPR 250 Europe Index closes 7% higher in July 2012
European listed real estate - as represented in the GPR 250 Europe Index - closed 7% higher in July 2012, with only the Dutch sector showing a loss (-1%). Returns, expressed in euros, for the individual European country indices were as follows:
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PropertyEU Archive
Commerz Real sells stakes in Canadian malls for EUR 413m
German real estate investor Commerz Real has sold its 50% interests in four shopping centres in Canada to its joint venture partner Ivanhoé Cambridge for CA$508 mln (about EUR 413 mln).
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PropertyEU Archive
Wereldhave confirms Dirk Anbeek as new CEO
Amsterdam-listed real estate company Wereldhave has confirmed Dirk Anbeek as its CEO and announced the departure of the country heads of its US and UK businesses.
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PropertyEU Archive
Lenders key faith in Polish prime real estate
Two financing deals totalling EUR 200 mln during July underscore how the traditionally conservative and risk-averse Polish real estate lending market remains relatively buoyant, at least relative to many of its European peers.
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PropertyEU Archive
IVG sells Spiegal Island in Hamburg
German listed property company IVG Immobilien is selling the former headquarters of Spiegel media group to Hochtief Solutions, a division of German construction and property developer Hochief. The financial details were not disclosed.
