All Real Assets articles in Web Issue – Page 851
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PropertyEU Archive
Valad Europe lets 14,000m[sup]2[/sup] in Germany
Valad Europe announced that Greiwing, a European silo logistics company, has signed a lease on 13,300 m[sup]2[/sup] of warehouse and 400 m[sup]2[/sup] of office space at Hochstraße 150-152, Duisburg in Germany.
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PropertyEU Archive
Allianz edges nearer to EUR 1b real estate loan target
German insurer Allianz has edged closer to its EUR 1 bn loan target after providing a EUR 650 mln facility secured against Oberhausen-based shopping centre, Centro, together with German banks Aareal Real Estate and Helaba,
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PropertyEU Archive
Segro completes EUR 141m disposal of UK regional assets
Segro, the London-listed pan-European industrial property specialist, has completed the sale of a portfolio of regional industrial estates in the UK for £111 mln (EUR 141 mln). The assets were acquired by an unidentified institutional UK fund.
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PropertyEU Archive
Insurers refinance CMBS facility with 2 new loans
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 were due to mature in 2013.
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PropertyEU Archive
IVG reduces debt by further EUR 200m
Germany's listed property group IVG Immobilien is repaying EUR 200 mln of debt following the transfer of seven caverns to the IVG Cavern Fund.
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PropertyEU Archive
FdM signs EUR 228m in new financing
Foncière des Murs, a subsidiary of Foncière des Régions, has signed two financing agreements for a total of EUR 228 mln, thereby refinancing all of its 2013 maturities.
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PropertyEU Archive
Pbb provides EUR 32m refinancing for London portfolio
German lender pbb Deutsche Pfandbriefbank has provided a refinancing facility of £25 mln million (almost EUR 32 mln) to subsidiaries of UK investor O&H Holdings.
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PropertyEU Archive
CeGeREAL restructures EUR 400m debt with four banks
French office REIT CeGeREAL has secured EUR 400 mln in financing to replace its bank loan due in March 2013. The lending consortium consists of German groups Aareal Bank, Bayern LB, pbb Deutsche Pfandbriefbank and Landesbank Berlin / Berlin Hyp.
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PropertyEU Archive
Tishman Speyer inks EUR 472m refinancing for Paris scheme
Tishman Speyer has signed an agreement to restructure the EUR 472 mln mortgage loan on the Lumière building in Paris with bank BNP Paribas and a consortium of French insurers composed of Cardif, CNP and Predica.
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PropertyEU Archive
London & Stamford gets EUR 80m loan for UK deals
London & Stamford Property has financed two recent office acquisitions, Marlow International and Unilever House, with a five-year £62 mln (EUR 80 mln) senior debt facility from DekaBank Deutsche Girozentrale and Deutsche Postbank, the company said on Monday.
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PropertyEU Archive
Barclays funds major Aberdeen business park
Barclays has announced the provision of a £52 mln (EUR 67 mln) debt package for Drum Property Group to build the first phase of Aberdeen’s Grade-A business park for the oil and energy sector.
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PropertyEU Archive
EMEA dents CBRE’s strong global performance
CBRE, the world’s leading real estate advisory firm, booked double-digit revenue and income growth over the second quarter of 2012, despite a weaker performance at its EMEA unit.
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PropertyEU Archive
Unibail-Rodamco completes Mfi deal in Germany
Paris-based Unibail-Rodamco has announced the closing of its acquisition of a controlling stake in Mfi, second-largest shopping centre developer-owner in Germany from global asset manager Perella Weinberg Partners.
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PropertyEU Archive
Cornerstone enters European property lending
Cornerstone Real Estate Advisers has entered the European real estate lending market by providing a £83 mln (EUR 105 mln) refinancing secured against two prime central London assets. The facility was provided to central London REIT Derwent London.
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PropertyEU Archive
Wind-up costs and disposals dent PEPR earnings
ProLogis European Properties (PEPR) recorded an IFRS loss of EUR 6.4 mln for Q2 2012 due to higher valuation declines, lower rental income and a EUR 1.3 mln provision for costs associated with the wind-up of the company. As a result, the Amsterdam-listed company booked a first-half IFRS loss of ...
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PropertyEU Archive
Pbb, DekaBank finance Tristan's logistics deal
German banks pbb Deutsche Pfandbriefbank and DekaBank Deutsche Girozentrale have financed the acquisition of a German logistics portfolio by London-based investment manager Tristan Capital Partners for its Pan European fund Curzon Capital Partners III.
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PropertyEU Archive
Redefine settles German portfolio debt via sale
Redefine International, a real estate company with listings in London and Johannesburg, has reached an agreement to restructure the EUR 117 mln in financing facilities for its VBG portfolio in Germany.
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PropertyEU Archive
King Sturge takeover lifts JLL EMEA
Jones Lang Lasalle reported a 9% rise in consolidated revenue in the second quarter of 2012 to $921 mln (EUR 749 mln), thanks largely to a stronger EMEA performance driven by the takeover of King Sturge in 2011. But although income more than doubled for the EMEA operations, overall net ...
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PropertyEU Archive
CBRE acquires 65,000m[sup]2[/sup] logistics site for Sogaris near Paris
CBRE has advised Sogaris, a French logistics real estate investor, on the purchase of a 65,000 m[sup]2[/sup] site that will become a new cross dock platform in Créteil, France. The site was purchased from PostImmo and the transaction was 70% funded by Société Générale and French financial services group, CIC.
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PropertyEU Archive
250,000 m[sup]2[/sup] of industrial space under development in Poland: Colliers
Some 251,000 m² of modern warehouse space is under construction in Poland at present, with most of the projects located in regional centres, property adviser Colliers International has said in a sector summary covering the first half of 2012.
