All Real Assets articles in Web Issue – Page 891
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PropertyEU Archive
BayWa sells HQ project to development joint venture
German corporate BayWa has sold its headquarters in Munich for EUR 80 mln in a first step towards redeveloping the 17-storey skyscraper.
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PropertyEU Archive
MAPIC: British Land buys Hereford retail scheme in forward-funding deal
British Land has signed the forward-funding acquisition of the Old Market retail scheme in the centre of the English city of Hereford. The UK REIT said the £90 mln (EUR 112 mln) agreement with developer Stanhope is one of the few significant forward-funding retail deals to take place in the ...
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PropertyEU Archive
WDP sells Czech business to local logistics group
Listed Belgian real estate investment company Warehouses De Pauw (WDP) has sold its Czech subsidiary to domestic logistics property company CTP Group. The transaction values WDP's Czech business at EUR 25 mln.
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PropertyEU Archive
Peach Property postpones IPO of German business
Peach Property Group has postponed the IPO of its indirectly owned German subsidiary on the Frankfurt Stock Exchange.
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PropertyEU Archive
Peakside, Gross to develop mixed-use scheme in central Frankfurt
Peakside Capital, a European real estate private equity firm, has teamed up with German developer Gross & Partner in a 50:50 joint venture to acquire two vacant office properties in Frankfurt's central business district for redevelopment.
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PropertyEU Archive
MAPIC: International retailers target Russia
A growing number of international retailers are finding their way to Russia, according to Charles Boudet, managing director of Russia & CIS at Jones Lang LaSalle. Brands which are entering the country include Hamleys, Laura Ashley, Michael Kors, Debenhams, Bath & Body Works, Merlin and Kidzania.
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PropertyEU Archive
Lending diversity reduces global debt funding gap by 17%: DTZ
The global net debt funding gap has shrunk by 17% to $117 bn (EUR 92 bn) over the past six months, but Europe remains the most exposed with a net gap of $86 bn, according to a new report issued by DTZ. However, the European figure is 20% below DTZ's ...
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PropertyEU Archive
Allianz and Curzon fund complete EUR 210m WFC transaction
A consortium of Allianz Real Estate and core-plus fund Curzon Capital Partners III, advised by Tristan Capital Partners, has completed the acquisition of the Warsaw Financial Center (WFC) for EUR 210 mln. The 144-metre tall office building comprises 50,000 m[sup]2[/sup] of lettable area.
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PropertyEU Archive
German pension investor buys Brussels office property for EUR 22m
German pension investor Aik Immobilien-Kapitalanlagegesellschaft has acquired an office building comprising 9,000 m[sup]2[/sup] in the centre of Brussels for a total of around EUR 22 mln.
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PropertyEU Archive
Acofi, Groupama raise EUR 280m for new debt fund
Institutional fund manager Acofi Loan Management Services has announced its joint venture platform with French insurance group Groupama's asset management arm has raised a total of EUR 280 mln at the first closing for its Predirec Immo 2019 debt property fund.
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PropertyEU Archive
FdM-led consortium buys B&B hotel portfolio for EUR 508m
Foncière des Régions' hospitality arm Foncière des Murs has teamed up with Crédit Agricole Assurances and Assurances du Crédit Mutuel to acquire a portfolio of 165 B&B hotels in France for EUR 508 mln, excluding transfer duty. The vendor is French REIT ANF Immobilier.
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PropertyEU Archive
Diamona & Harnisch embarks on 7th Berlin residential project
Diamona & Harnisch has purchased a 12,700 m[sup]2[/sup] garden plot in the Dahlem district of Berlin for the real estate developer's seventh high-end residential project in the German capital.
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PropertyEU Archive
BNP Paribas REIM records EUR 881m of European transactions
BNP Paribas Real Estate Investment Management has reported a transaction volume of EUR 881 mln in Europe during the first nine months of 2012. The business volume marked an increase of more than 30% on the same period in 2011.
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PropertyEU Archive
Savills advises Allianz on Platinium transaction
Property adviser Savills said it represented Allianz Real Estate in the acquisition of Warsaw's Platinium Business Park.
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PropertyEU Archive
Club deals set to gain favour among new lenders
Club deals for big-ticket financing transactions are likely to gain favour among new property lenders such as insurers, according to Ad Buisman, partner and EMEIA head of real estate at Ernst & Young.
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PropertyEU Archive
MWB Business Exchange rehires Andrew Blurton
UK serviced-office provider MWB Business Exchange has appointed Andrew Blurton as corporate finance director to replace Keval Pankhania who is taking a career break.
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PropertyEU Archive
Colliers appoints head of healthcare
Property adviser Colliers International has named Adam Lenton as head of healthcare on 1 January 2013 as part of a long planned succession strategy.
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PropertyEU Archive
Aviva appoints European fund manager in the Netherlands
Aviva Investors has appointed Sandra Schaap as fund manager in its global real estate multi-manager team. Schaap will be based in the Dutch city of Utrecht, where she will be responsible for the investment management of European funds as well as deepening Aviva's senior portfolio management capacity in the region. ...
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PropertyEU Archive
MAPIC: Russia is driving force behind CEE retail: Colliers
Retail property rents in Central and Eastern Europe (CEE) are highest in the Russian markets, Colliers International has announced in its Eastern Europe retail market snapshot for Q3 2012.
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PropertyEU Archive
MAPIC: Benson Elliot strengthens retail team
Benson Elliot Capital Management, the UK-based private equity real estate fund manager, has appointed Peter Cornforth as director of retail operations.
