All Real Assets articles in Web Issue – Page 867
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PropertyEU Archive
JV begins work on 100 Cheapside scheme
Demolition work has started on the development project at 100 Cheapside in the City of London, paving the way for a 9,300 m[sup]2[/sup] office and retail development. Completion is scheduled for 2014.
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PropertyEU Archive
Non-listed property funds raise EUR 3.9b in August
Non-listed real estate funds raised $5.1 bn (EUR 3.9 bn) globally in August, with Asia seeing an increasing share of the action, according to data published by Indirex.
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PropertyEU Archive
BNP Paribas RE acquires London office at 4.7% yield
BNP Paribas Real Estate has acquired 16-18 Beak Street in West London on behalf of its client DTZ Investment Management. The 1,000 m[sup]2[/sup] building was sold by Allied Commercial for £13.1 mln (EUR 16.2 mln), reflecting an initial yield of 4.66%.
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PropertyEU Archive
Hammerson invests further EUR 80m in Croydon retail
UK REIT Hammerson has announced it is acquiring a 25% stake in the 155-year head lease of the Whitgift Centre in the south London district of Croydon. The interest was purchased from pension group Royal London for £65 mln (EUR 80 mln).
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PropertyEU Archive
Union Investment acquires K Point scheme in Luxembourg
German real estate investor Union Investment has acquired K Point office scheme in Luxembourg for an undisclosed sum.
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PropertyEU Archive
JLL sets up residential agency in Luxembourg
Jones Lang LaSalle Luxembourg has announced the launch of a residential agency in response to client demand and market requirements.
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PropertyEU Archive
Bouwfonds residential vehicle buys in Germany and France
Bouwfonds European Residential Fund is adding residential buildings in Germany and France to its real estate portfolio for a total investment volume of EUR 40 mln.
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PropertyEU Archive
Prologis buys land in southeast England for spec development
Industrial property giant Prologis has acquired about 12 hectares of industrial development land in the English market town of Dunstable.
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PropertyEU Archive
Whitewood launches Central Europe real estate fund
Whitewood Capital has expanded its presence in Central Europe with the opening of an office in Prague. The Antwerp-based private equity real estate asset manager said the move underpins the launch of a core-plus, value-add commercial real estate fund.
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PropertyEU Archive
Union Investment plans EUR 1b acquisition spree in Asia
German real estate investment company Union Investment plans to re-invest the profits from a series of divestments of Asian properties in the region.
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PropertyEU Archive
Goodman forges alliance with Swedish asset manager
Goodman Group has entered into a co-operation agreement with Svensk Fastighetsfond AB (SFF), a real estate investment and asset management company based in Stockholm, as part of its plans to expand into the Nordic region.
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PropertyEU Archive
YIT appoints VP of urban development
Finnish construction and development group YIT has appointed Juha Kostiainen as senior vice president, urban development and corporate relations.
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PropertyEU Archive
Orchard Street appoints asset managers
Orchard Street Investment Management LLP has appointed Matthew Littler and Andrew Thomas as asset managers. Prior to joining London-based Orchard Street, Littler was a senior asset manager at Axa Real Estate for seven years.
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PropertyEU Archive
Griffin buys Bertelsmann office property in Warsaw
Real estate investment manager Griffin Group has acquired a 4,000 m[sup]2[/sup] office building in the Ursynow District of Warsaw from German multimedia company Bertelsmann. Financial details were not disclosed.
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PropertyEU Archive
Grosvenor consortium buys Malmo shopping centre
London-based Grosvenor Fund Management has led the consortium acquisition of Burlöv Center in the Swedish city of Malmö. The vendor was shopping centre investor Eurocommercial.
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PropertyEU Archive
Editor's choice: top real estate headlines
A selection of the leading property headlines from around Europe at a glance:
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PropertyEU Archive
Pbb's new Stockholm office closes first financing
Pbb Deutsche Pfandbriefbank announced that its new Scandinavia office in Stockholm has closed its first transaction. The German real estate and public finance specialist provided a SEK 464 mln (EUR 56 mln) loan to a subsidiary of Norwegian property company NLI Eiendomsinvest to refinance a Swedish logistics portfolio.
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PropertyEU Archive
JLL to manage Green Corner complex in Warsaw
Jones Lang LaSalle has been appointed property manager for the Green Corner office complex being developed in Warsaw by Skanska.
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PropertyEU Archive
Norwegians join European Property Federation
The Norwegian Property Federation has joined Brussels-based umbrella organisation European Property Federation.
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PropertyEU Archive
Law firm Stibbe opens office in Hong Kong
European law firm Stibbe, which has a large real estate practice, has announced it is opening an office in Hong Kong on 1 October.
